3 ms·

Perhaps a good candidate for mining coins like LivePeer (one of 8-10 actual solid blockchain projects IMO).

by jMyles 8y ago

hughes 8y ago
Proof-of-work coin mining is a scourge on the environment and the PC component market.
- kinghajj 8y ago
  But IIRC still more secure than proof-of-stake systems.
- jMyles 8y ago
  Transcoding videos is a scourge?! I mean, maybe you think their choice to deploy as an ERC20 was a bad choice; fine. But they're not adding any additional computation to the environment. I don't understand how it's possible to think that LivePeer is bad for the environment without thinking the same thing about, for example, Elastic Transcoder. Your comment reads like a non-sequitur to me.
  - wmf 8y ago
    Presumably hughes is just making a knee-jerk comment about how 99% of PoW systems are doing useless work. Personally I am very skeptical of any system that tries to do proof of useful work like transcoding; it seems vulnerable to cheating.
    - jMyles 8y ago
      LivePeer uses the Truebit protocol for this. I'm not familiar with the nitty-gritty, but video transcoding seems to me to be something that can be verified much, much more cheaply than performed. FWIW, I think they're already launched, so do feel free to break it.
    - ericxtang 8y ago
      Hi wmf - I work on Livepeer, happy to clarify on some of the skepticism here. Livepeer uses cryptographic signatures to prove authenticity of the video transcoding results, and that signature can be used as proof to punish cheaters (if you signed the result, you are responsible for the correctness - and since it's easy to validate whether the transcoding is done correctly, anyone can use that signature to punish you by taking away your stake). If no one cheats, no one gets punished. Since the cheater doesn't know how many people are monitoring the results, their best strategy is to be honest.
      - jMyles 8y ago
        Hey ericxtang. I've met your boy Phillip a few times (that's how I found out about LivePeer) - solid guy. Very good ambassador for your project and all that it can mean for the world.
- gjs278 8y ago
  it pushed computing/cooling/energy performance forward and it's not bad for the environment. >Iceland, which is another hot spot for Bitcoin miners, makes use of 100 percent renewable geothermal and hydropower energy sources. The clean energy researcher explains that in this case, the energy demand for miners is almost irrelevant to the health of the environment.
brokenmachine 8y ago
>LivePeer (one of 8-10 actual solid blockchain projects IMO) Interesting. Can anyone suggest a good curated list of solid blockchain projects?
- jMyles 8y ago
  I'm interested in an answer to this also. If you find one, let me know. In my experience, the "Build the Free Web" events are usually selected on the basis of actual engineering and not hype; the presenters there are typically from projects that are pretty good. I work at NuCypher, and I think our project is very much based in sanity and solid programming. I feel confident that people will actually use our token to build interesting distributed things. When we attend blockchain-oriented conferences, there are a few projects whose teams we usually gravitate towards and who seem (at least to me) to have similar principles (less hype, more logic). These include LivePeer, Fluence, and Origin (I'm not currently invested in any of those, but actually I think I want to change that). In addition to actual crypto assets, I also think that the Python tooling is really coming of age and full of a lot of very sober and solid programming - most of the projects that Piper Merriam and Jason Carver touch are worth looking at.
- Ian7 8y ago
  It is not that easy. Depends on what you mean by that. There are a lot of aggregators which track different metrics. There are a lot of great teams, great tech, but no use cases are poor token economics, weak marketing, etc., as well as many scams. But Livepeer, Origin and NuCypher are solid ones :)

Perhaps a good candidate for mining coins like LivePeer (one of 8-10 actual solid blockchain projects IMO).

by jMyles 8y ago

Perhaps a good candidate for mining coins like LivePeer (one of 8-10 actual solid blockchain projects IMO).

hughes 8y ago

Proof-of-work coin mining is a scourge on the environment and the PC component market.

kinghajj 8y ago
But IIRC still more secure than proof-of-stake systems.
jMyles 8y ago
Transcoding videos is a scourge?! I mean, maybe you think their choice to deploy as an ERC20 was a bad choice; fine. But they're not adding any additional computation to the environment. I don't understand how it's possible to think that LivePeer is bad for the environment without thinking the same thing about, for example, Elastic Transcoder. Your comment reads like a non-sequitur to me.
- wmf 8y ago
  Presumably hughes is just making a knee-jerk comment about how 99% of PoW systems are doing useless work. Personally I am very skeptical of any system that tries to do proof of useful work like transcoding; it seems vulnerable to cheating.
  - jMyles 8y ago
    LivePeer uses the Truebit protocol for this. I'm not familiar with the nitty-gritty, but video transcoding seems to me to be something that can be verified much, much more cheaply than performed. FWIW, I think they're already launched, so do feel free to break it.
  - ericxtang 8y ago
    Hi wmf - I work on Livepeer, happy to clarify on some of the skepticism here. Livepeer uses cryptographic signatures to prove authenticity of the video transcoding results, and that signature can be used as proof to punish cheaters (if you signed the result, you are responsible for the correctness - and since it's easy to validate whether the transcoding is done correctly, anyone can use that signature to punish you by taking away your stake). If no one cheats, no one gets punished. Since the cheater doesn't know how many people are monitoring the results, their best strategy is to be honest.
    - jMyles 8y ago
      Hey ericxtang. I've met your boy Phillip a few times (that's how I found out about LivePeer) - solid guy. Very good ambassador for your project and all that it can mean for the world.
gjs278 8y ago
it pushed computing/cooling/energy performance forward and it's not bad for the environment. >Iceland, which is another hot spot for Bitcoin miners, makes use of 100 percent renewable geothermal and hydropower energy sources. The clean energy researcher explains that in this case, the energy demand for miners is almost irrelevant to the health of the environment.

brokenmachine 8y ago

>LivePeer (one of 8-10 actual solid blockchain projects IMO) Interesting. Can anyone suggest a good curated list of solid blockchain projects?

jMyles 8y ago
I'm interested in an answer to this also. If you find one, let me know. In my experience, the "Build the Free Web" events are usually selected on the basis of actual engineering and not hype; the presenters there are typically from projects that are pretty good. I work at NuCypher, and I think our project is very much based in sanity and solid programming. I feel confident that people will actually use our token to build interesting distributed things. When we attend blockchain-oriented conferences, there are a few projects whose teams we usually gravitate towards and who seem (at least to me) to have similar principles (less hype, more logic). These include LivePeer, Fluence, and Origin (I'm not currently invested in any of those, but actually I think I want to change that). In addition to actual crypto assets, I also think that the Python tooling is really coming of age and full of a lot of very sober and solid programming - most of the projects that Piper Merriam and Jason Carver touch are worth looking at.
Ian7 8y ago
It is not that easy. Depends on what you mean by that. There are a lot of aggregators which track different metrics. There are a lot of great teams, great tech, but no use cases are poor token economics, weak marketing, etc., as well as many scams. But Livepeer, Origin and NuCypher are solid ones :)