5 ms·

i hope i don't lose Skitch. that's a decade or more worth of screenshots and convenient annotations...

• craftyguy 8y ago
  Let this be a lesson against relying on proprietary walled gardens.
  • gargarplex 8y ago
    Open source companies could run on a blockchain and one could have a smart contract to release the source code or access to one's proprietary data upon company going out of business..
    • craftyguy 8y ago
      > could run on a blockchain git is literally a "blockchain", and has been since before "blockchain all the things" was cool. I honestly have no idea what you are talking about in the rest of your comment.
      • gargarplex 8y ago
        You know how there is a trend of open businesses? Basically people who open source their metrics? I think that things have the potential to go even further. A business could open a bank account and have its transactions viewable at any time or its balance queried. The business could encrypt customer data and then release the customers' keys to the customer if the business's cash balance drops below a key threshold.
    • cecja 8y ago
      They could just as easy use a flux compensator to mangle with the time continuum and use the Bermuda triangle as a energy source for their servers.
      • jarsin 8y ago
        Let me know when you ICO.
        • astrodust 8y ago
          The ICO closed in 1985. Did you miss out?
          • CPLX 8y ago
            Not if you have a flux capacitor.
            • astrodust 8y ago
              Strap it on to your computer and start downloading blockchains at 88Gbits a second!
            • dboreham 8y ago
              Like this? https://en.m.wikipedia.org/wiki/Explosively_pumped_flux_compression_generator https://en.m.wikipedia.org/wiki/Explosively_pumped_flux_comp...
      • hndamien 8y ago
        This wouldn't work. Flux compensator blocksize capacity can't support the throughput of a mangle tangle even with Merkle pruning. That's assuming that the Bermuda triangle would even come close to providing enough energy for your servers.
        • astrodust 8y ago
          The Mister Fusion company made a Mister Blockchain companion product and it solves all those problems.
          • failrate 8y ago
            Well, they will have made it in a few decades, but you can preorder it now, and they'll send one back to you before you preordered.
    • astrodust 8y ago
      Do you even know what going out of business means? Hint: It's not cut and dry. The Amiga company is still in business. Radio Shack still exists. MySpace isn't dead. GeoCities got killed, it didn't go out of business. Smart contracts won't help you here. Blockchains won't help you here. This is a complex legal problem and you're suggesting it's easy, that the Magic of Blockchains will solve it. Whatever man.
      • gargarplex 8y ago
        One could precisely define solvency conditions. "If cash minus liabilities exceeds $1million, perform_unwind_operation()" _Obviously_ these conditions could entail more complex business logic Obviously this idea is getting HNmocked and I'm not going to be able to talk my way out of it, and yes I realize that ideas of property ownership and managing contract disputes are one of the cornerstone of the justice system and society itself. In that way I am somewhat of a crypto radicalist and I'm talking my book as I do have a long crypto position.
        • astrodust 8y ago
          That definition would make a lot of healthy companies arbitrarily bankrupt. Not many companies keep their assets in cash. Plus this also presumes that people report faithfully, accurately, and that zero mistakes are made. The biggest problem with immutable ledgers and smart contracts is simple: Shit happens.
  • yitchelle 8y ago
    This easily happened even for open sourced or unwalled gardens. The effort for recovery could be too large or too technically challenging.