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Telegram plans multi-billion dollar ICO for chat cryptocurrency

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Re: Telegram plans multi-billion dollar ICO for chat cryptocurrency

#61
post #33

"Instant Hypercube Routing" This all sounds a bit .. timecube?

I enjoyed learning about Hypercube routing in my parallel processing class. A hypercube is just a 2^n cube. A square = 2^2, a cube 2^3, a 4 dimensional hybercube = 2^4, etc.

https://en.wikipedia.org/wiki/Hypercube_internetwork_topolog...

Re: Telegram plans multi-billion dollar ICO for chat cryptocurrency

#62
This is a disaster, as it will likely succeed and in doing so make the entire world less secure.

Telegram is not a secure messaging platform, despite marketing themselves as such.

Signal has built a simple, seamless, and beautiful messaging platform whose security is based on solid cryptography, not marketing, bug contests, or chasing the latest tech fad.

Re: Telegram plans multi-billion dollar ICO for chat cryptocurrency

#63
post #32
post #19

Earlier quoted context omitted.

I thought surely you can buy ebooks on the Kindle app for iOS. But a quick search and you are right - nope, you cannot buy books on the Kindle app for iOS. The option just isn't there.

And you can't even present a link to purchase digital goods through a browser... You can open Mobile Safari and search Amazon for a Kindle book, but you can't use an Amazon app of any sort to do part of it.

Weird, considering the fact that the Bandcamp app lets you buy music digitally via PayPal. Am I missing some important difference between the two?

Re: Telegram plans multi-billion dollar ICO for chat cryptocurrency

#64
post #30

What's the value of the in-app currency being a cryptocurrency (putting aside hype/pr), vs calling it a virtual currency, a Mysql database with a API on top? Dropping to a technical level, if the miners are all run by Telegram, then I think it's just a pointless overhead over Mysql. On the other hand, if anybody can run miners, I don't comprehend what value that adds, what it means.

It's a cash grab, just like 99% of the rest of the ICOs out there. They know there are lots of poorly informed, greedy greater fools trampling each other to give their money away right now, and plan to take full advantage of it.

Re: Telegram plans multi-billion dollar ICO for chat cryptocurrency

#65
post #62

This is a disaster, as it will likely succeed and in doing so make the entire world less secure. Telegram is not a secure messaging platform, despite marketing themselves as such. Signal has built a simple, seamless, and beautiful messaging platform whose security is based on solid cryptography, not marketing, bug contests, or chasing the latest tech fad.

> Telegram is not a secure messaging platform, despite marketing themselves as such.

Supporting sources?

Re: Telegram plans multi-billion dollar ICO for chat cryptocurrency

#66
post #53

Earlier quoted context omitted.

Because if Telegram ever goes under as a company, your "virtual currency" doesn't disappear overnight.

Just like if the US Government ceases to exist we'll still have all these dollar bills.

Or if the world stopped to exist we also wouldn't need any currency. You know where I'm going. The default risk of Telegram cannot even be compared to that of the US.

Re: Telegram plans multi-billion dollar ICO for chat cryptocurrency

#67
post #58
post #34

Earlier quoted context omitted.

>What's the value of the in-app currency being a cryptocurrency In a word -- decentralization -- is the key difference between a virtual currency described by some SQL tables and an API and one described by a blockchain. A gov if it wants can take down a server if it is physically hosted in that country. A blockchain unless you've gargantuan CPU power is nigh on impossible to take down.

>In a word -- decentralization... That is the difference, but what is the value in that? You're making things much more complicated and for what - especially for an in-app currency.

Redundancy -- you don't need to keep backups of a blockchain but you do if everything is centralized in a single place.

It depends on the value of the backups I guess and the total cost involved. If you're looking at store of value there needs to be backups of backups. I see room for both depending on the needs of the business. It's just a trade off -- the blockchain is inherently more stable and secure than a server for certain purposes and server is far faster and cheaper depending on how you use it.

Re: Telegram plans multi-billion dollar ICO for chat cryptocurrency

#68
post #62

This is a disaster, as it will likely succeed and in doing so make the entire world less secure. Telegram is not a secure messaging platform, despite marketing themselves as such. Signal has built a simple, seamless, and beautiful messaging platform whose security is based on solid cryptography, not marketing, bug contests, or chasing the latest tech fad.

> Telegram is not a secure messaging platform, despite marketing themselves as such. Supporting sources?

I haven't used Telegram in a while (so maybe things have changed since then), but I would guess that that grandparent is talking about how they rolled their own crypto, and how secure conversations isn't the default setting

Re: Telegram plans multi-billion dollar ICO for chat cryptocurrency

#70
post #62

This is a disaster, as it will likely succeed and in doing so make the entire world less secure. Telegram is not a secure messaging platform, despite marketing themselves as such. Signal has built a simple, seamless, and beautiful messaging platform whose security is based on solid cryptography, not marketing, bug contests, or chasing the latest tech fad.

> Telegram is not a secure messaging platform, despite marketing themselves as such. Supporting sources?

There's this, by a respected cryptographer who, however, also is the author of Signal: https://moxie.org/blog/telegram-crypto-challenge/
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