81–90 of 168 posts
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Originally 21 produced hardware, which I imagine is a much more expensive industry to be in. That may have something to do with it.
Their hardware device was stupid though. A headless linux server combined with some shitty bitcoin mining hardware and software. It served no purpose. It was 100% obvious that it was DOA. I can't even believe that the people at the company thought it was a good idea.
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It's what's known as a mid-brow dismissal. The average HN commenter feels a gratifying sensation of intelligence when they point out that "a blockchain is just a database". They can feel that they are debunking a con with their razor-like intelligence, like Neo, escaping from the matrix.
The "blockchain is just a database" critique is an application of Conway's Law ( https://en.wikipedia.org/wiki/Conway%27s_law ). The basic critique is: the problem being solved with the overwhelming majority of blockchain tech seems to be a political, not a technical problem. It's a critique that says the issue with this thing you are fixing isn't actually that the data layer doesn't match the existing political stru…
The way I see it, one of the big assumptions of the technologies in this space is that participants are only acting out of self-interest. Meaning, that there's a strong push towards designing systems where behaviours that are beneficial to the network are also economically rewarding.
Meaning that in theory, cryptoeconomics could be seen as an attempt at finding a solution to the problem you mention.
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Originally 21 produced hardware, which I imagine is a much more expensive industry to be in. That may have something to do with it.
Their hardware device was stupid though. A headless linux server combined with some shitty bitcoin mining hardware and software. It served no purpose. It was 100% obvious that it was DOA. I can't even believe that the people at the company thought it was a good idea.
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Cryptocurrencies right now are at the point where there has been lots of hype for years now but very little actual use (it's mostly just for speculation right now). I'm just burned out of the hype around it without it really delivering on a large scale.
Especially when you have things like this https://www.ibm.com/blockchain/ Buzz buzz.
I signed up for earn.com with the expectation that anyone wanting to message me would have to pay first. Then they sent me spam from ICOs without paying me. Worse than useless. Their previous hardware mining ASIC product was also poorly thought out and ultimately a colossal waste of money. I'm thinking the people claiming that there are other motives behind this deal are probably right.
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I’ve checked NuCypher’s homepage and I find a bit strange to have that much emphasis on the blockchain on your homepage and at the same time only 5 occurrences of the word "blockchain" in your 21-pages whitepaper. Am I missing something?
Two things: 1) The whitepaper describes the nature of our network and how Alice and Bob use it. It does not describe (and isn't meant to describe) node operation except as Alice and Bob need to understand it. We'll have an additional node operation whitepaper that describes the smart contracts in more detail. We - and I know this may sound strange - decided to build our cryptography and network first and foremost rat…
I thought earn.com (formerly 21.co) was a clever idea and I signed up. Once or twice a quarter I would get an item incoming and I'd usually read and/or fill out a survey. Lately it's frequent noise from ICOs (though perhaps I deserve it because I recall opting in to a cryptocoin interest group on earn.com).
There is nothing interesting coming out of cryptocurrency space other than ICO spam
I signed up for earn.com with the expectation that anyone wanting to message me would have to pay first. Then they sent me spam from ICOs without paying me. Worse than useless. Their previous hardware mining ASIC product was also poorly thought out and ultimately a colossal waste of money. I'm thinking the people claiming that there are other motives behind this deal are probably right.
Does that make any sense? If I wanted to set up paid email, how does a blockchain help? It seems technically unnecessary.
And if I really wanted user adoption, why woulnd't I just pay people in their local currency instead of trying to get them to take part in something much less directly useful to them?
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It's what's known as a mid-brow dismissal. The average HN commenter feels a gratifying sensation of intelligence when they point out that "a blockchain is just a database". They can feel that they are debunking a con with their razor-like intelligence, like Neo, escaping from the matrix.
How is your comment not a mid-brow dismissal? There are so many projects that promised the world and did not deliver, as well as so many projects that ended up being outright scams, that it's not surprising that when someone says "but what about Blockchain X, Blockchain Y and Blockchain Z projects?", we all roll our eyes and think "I'll believe it when I see it." It's not as if any blockchain project has provided a l…
Earlier quoted context omitted.
The "blockchain is just a database" critique is an application of Conway's Law ( https://en.wikipedia.org/wiki/Conway%27s_law ). The basic critique is: the problem being solved with the overwhelming majority of blockchain tech seems to be a political, not a technical problem. It's a critique that says the issue with this thing you are fixing isn't actually that the data layer doesn't match the existing political stru…
> The blockchain allows for us the same effect as "running our own email servers," and most of us really don't think it's likely that people are going to want to host their own nodes in the blockchain The way I see it, one of the big assumptions of the technologies in this space is that participants are only acting out of self-interest. Meaning, that there's a strong push towards designing systems where behaviours th…