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Fairly related: https://interledger.org/ https://interledger.org/ Pretty sure a lot of blockchain projects are banking on this spec becoming official.

by wk0 7y ago

matdehaast 7y ago
Just to clarify, Interledger is a minimal payments clearing protocol, not a blockchain project. It was developed to mimic many of the characteristics of the Internet Protocol stack in order to “internetwork” clearing participants. The effect of using this model is a highly scalable and simple global clearing network on which rapid innovation is possible. Especially for low-value payments that are currently difficult to serve using traditional payment rails I am contributor to Interledger
whatsmyusername 7y ago
Blockchain = instant no
- noxer 7y ago
  Its is not a blockchain at all its a protocol. But your comment suggest that you didn't understand what a blockchain is. Blockchain is just a specific type of merkle tree. A git repository is also a merkle tree and also a chain of blocks. It just isn't revered to as blockchain because the term didn't exist back when git was created. In short blockchain is not "cryptocurrency scam, slow database" and all the other negative descriptions people use these days. It's just a technology that was/is used for that. Instead of blockchain it should be refereed to as DLT because it doesn't mater if there is a chain of blocks the key part is that is that it is distributed ledger which requires some sort of consensus mechanism and that is what makes this tech "new" compared to git or any merkle tree-like thing that we had before blockchains where a thing. DLT also makes it obvious that it is absolutely useless to use in a centralized way. Plenty of tech terms has got negative associations over time because of how the tech was used and not because the tech is actually bad. P2P for example. People connect this with illegal file sharing, slow and buggy connections, non-private because your IP is visible etc. etc. While technically non of these properties are related to P2P at all it's actually quite the opposite.
  - whatsmyusername 7y ago
    That's a lot of word to defend a term that's going to instantly turn off the CEO if I were to bring it up with him (which I'm not going to do because it also instantly turns ME off). Blockchain proponents have done a really good job of turning their terminology into dirty words. It's vaporware at best and actively malicious at worst. Just no.
- dang 7y ago
  Please don't post unsubstantive comments here, regardless of how you feel about blockchain. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
matdehaast 7y ago
Wanted to add as I can't edit. Thanks for sharing Interledger! My post may have come off aggressive but that was not my intention. It was to ensure people don't conflate blockchain with Interledger. Matt

Fairly related: https://interledger.org/ https://interledger.org/ Pretty sure a lot of blockchain projects are banking on this spec becoming official.

by wk0 7y ago

Fairly related: https://interledger.org/ https://interledger.org/ Pretty sure a lot of blockchain projects are banking on this spec becoming official.

matdehaast 7y ago

Just to clarify, Interledger is a minimal payments clearing protocol, not a blockchain project. It was developed to mimic many of the characteristics of the Internet Protocol stack in order to “internetwork” clearing participants. The effect of using this model is a highly scalable and simple global clearing network on which rapid innovation is possible. Especially for low-value payments that are currently difficult to serve using traditional payment rails I am contributor to Interledger

whatsmyusername 7y ago

Blockchain = instant no

noxer 7y ago
Its is not a blockchain at all its a protocol. But your comment suggest that you didn't understand what a blockchain is. Blockchain is just a specific type of merkle tree. A git repository is also a merkle tree and also a chain of blocks. It just isn't revered to as blockchain because the term didn't exist back when git was created. In short blockchain is not "cryptocurrency scam, slow database" and all the other negative descriptions people use these days. It's just a technology that was/is used for that. Instead of blockchain it should be refereed to as DLT because it doesn't mater if there is a chain of blocks the key part is that is that it is distributed ledger which requires some sort of consensus mechanism and that is what makes this tech "new" compared to git or any merkle tree-like thing that we had before blockchains where a thing. DLT also makes it obvious that it is absolutely useless to use in a centralized way. Plenty of tech terms has got negative associations over time because of how the tech was used and not because the tech is actually bad. P2P for example. People connect this with illegal file sharing, slow and buggy connections, non-private because your IP is visible etc. etc. While technically non of these properties are related to P2P at all it's actually quite the opposite.
- whatsmyusername 7y ago
  That's a lot of word to defend a term that's going to instantly turn off the CEO if I were to bring it up with him (which I'm not going to do because it also instantly turns ME off). Blockchain proponents have done a really good job of turning their terminology into dirty words. It's vaporware at best and actively malicious at worst. Just no.
dang 7y ago
Please don't post unsubstantive comments here, regardless of how you feel about blockchain. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

matdehaast 7y ago

Wanted to add as I can't edit. Thanks for sharing Interledger! My post may have come off aggressive but that was not my intention. It was to ensure people don't conflate blockchain with Interledger. Matt