Ask HN: Why is HN so aggressively anti-Bitcoin?
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Re: Ask HN: Why is HN so aggressively anti-Bitcoin?
#2As for blockchain I think we've seen a number of "solutions" to problems that are adequately solved by a database.
Re: Ask HN: Why is HN so aggressively anti-Bitcoin?
#3I like permissioned blockchains.
Why is it that blockchains weren't invented sooner? I'll contend that you'd be laughed out of any distributed systems conference if you suggested any protocol where the workload capacity doesn't increase when you add nodes.
If you have ten traders who trade under a buttonwood tree, then having ten copies of the database makes the system bulletproof. If you have ten million traders, there is no additional gain, but there is a huge cost because you have ten million copies of the database.
Blockchains attract people who know nothing about money or technology the same way that pot startups attract stoners. It's just a bad scene.
Re: Ask HN: Why is HN so aggressively anti-Bitcoin?
#4That's where a lot of negative opinion comes from.
Re: Ask HN: Why is HN so aggressively anti-Bitcoin?
#5Re: Ask HN: Why is HN so aggressively anti-Bitcoin?
#6Personally I like Ripple. I like permissioned blockchains. Why is it that blockchains weren't invented sooner? I'll contend that you'd be laughed out of any distributed systems conference if you suggested any protocol where the workload capacity doesn't increase when you add nodes. If you have ten traders who trade under a buttonwood tree, then having ten copies of the database makes the system bulletproof. If you ha…
Ripple is nothing more than a bank coin. It's not a cryptocurrency.
Re: Ask HN: Why is HN so aggressively anti-Bitcoin?
#7Re: Ask HN: Why is HN so aggressively anti-Bitcoin?
#8Other than Bitcoin, three other coins that are sometimes talked about here are Ethereum, Monero, Zcash.
Ethereum was the first ICO. Many other tokens operate on its blockchain.
Monero is an open source project with lots of development and progress (third behind Bitcoin and Ethereum). Its transactions are private.
Zcash is open source but mainly developed by a for-profit company and uses interesting mathematics. Its transactions are public, with the option of being private.
Disclaimer: I'm only "invested" in one of the three coins I mentioned.
Re: Ask HN: Why is HN so aggressively anti-Bitcoin?
#9My $0.02: it wastes electricity to solve a non-problem.