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Funding niche software projects by using tokens. For example, Unitrade launched a token to fund development of a project providing advanced tools for Uniswap, a

Funding niche software projects by using tokens. For example, Unitrade launched a token to fund development of a project providing advanced tools for Uniswap, a decentralized exchange https://unitrade.app/ https://unitrade.app/ https://uniswap.org/ https://uniswap.org/ Decentralized autonomous organizations (DAOs) that are new and experimental forms of company formation. See DXdao https://dxdao.eth.link/#/ https://dxdao.eth.link/#/ Compound, a large player in the Decentralized Finance (DeFi) space that allows anyone to borrow against their crypto holdings https://compound.finance/ https://compound.finance/ The craziest part of Hacker News is the near universal opposition to cryptocurrency and blockchain technology. It is not going away, and governments are finally bending to reality and accepting it, rather than banning Bitcoin and similar outright. There is no better way that a developer can earn outsized riches than blockchain and cryptocurrency. You are solving tough problems in difficult, constrained environments and are rewarded extremely well for doing so by a global group of investors involved in this alternative financial system. But please, if you don't like crypto, just build whatever SaaS bullshit an MBA is telling you to and take your 0.1% equity for busting your ass. I have spent years in the extraordinarily interesting world of blockchain and have been rewarded extremely well in terms of personal growth, education, and financial rewards.

ponyfleisch 6y ago
> There is no better way that a developer can earn outsized riches than blockchain and cryptocurrency. You are solving tough problems in difficult, constrained environments and are rewarded extremely well for doing so by a global group of investors involved in this alternative financial system. You are not rewarded for "solving tough problems" or anything else related to creating actual value. It's FOMO driven gambling, scams and enabling organized crime that gets money into the crypto ecosystem.
- seibelj 6y ago
  > But please, if you don't like crypto, just build whatever SaaS bullshit an MBA is telling you to and take your 0.1% equity for busting your ass. I have spent years in the extraordinarily interesting world of blockchain and have been rewarded extremely well in terms of personal growth, education, and financial rewards.
doonesbury 6y ago
>The craziest part of Hacker News is the near universal opposition to cryptocurrency and blockchain technology. Done jerking yourself off? Now do some real work. Describe how BC - public, decentralized, PoW - allows financial or other highly proprietary information to be posted to a block over the network without risking privacy and without in one way or the other turning into private block chains for distinguished entities?
- seibelj 6y ago
  There are many groups working on solving this problem, which is analogous to how SSL was developed atop the unencrypted lower layers of TCP/IP stack. One experimental option is Aztec https://docs.aztecprotocol.com/ https://docs.aztecprotocol.com/ Most of the solutions use zkSNARKs, which is a generic solution for privacy preserving functions in public settings https://blog.zkga.me/intro-to-zksnarks https://blog.zkga.me/intro-to-zksnarks Tornado.cash is a popular mixing services that anonymizes cryptocurrency and tokens in the Ethereum network to preserve privacy https://tornado.cash/ https://tornado.cash/ > Done jerking yourself off? Now do some real work. I have been on this website for years, and the hate cryptocurrency / blockchain gets is absurdly high, and I believe it mostly comes from bitter people who think they missed out on fast money and now have to constantly justify why they (and everyone else) should completely avoid this technology. Blockchain is literally building an alternative financial system, one that is unstoppable and without government permission. It is decentralized and fascinating. If you choose to learn about it rather than write it off with a smug look on your face, you may actually learn and understand why it's useful. On HN it's a 95% to 5% ratio of blockchain haters to neutral / positive people. However most crypto enthusiasts avoid HN because everyone knows it's anti-crypto. HN has missed the boat on a hugely important and transformative technology because a loud portion of its users have irrational, spittaling rage at blockchain and believe they are so smart that they can 100% guarantee that the tech is worthless, despite it being one of the greatest pure computer science successes of the 21st century. HN is an SV echo chamber that promotes the YC view of the world, which I believe was once revolutionary but is now becoming stale and eating itself, as is most of the tech echo chamber.
  - louwrentius 6y ago

ponyfleisch 6y ago

> There is no better way that a developer can earn outsized riches than blockchain and cryptocurrency. You are solving tough problems in difficult, constrained environments and are rewarded extremely well for doing so by a global group of investors involved in this alternative financial system. You are not rewarded for "solving tough problems" or anything else related to creating actual value. It's FOMO driven gambling, scams and enabling organized crime that gets money into the crypto ecosystem.

seibelj 6y ago
> But please, if you don't like crypto, just build whatever SaaS bullshit an MBA is telling you to and take your 0.1% equity for busting your ass. I have spent years in the extraordinarily interesting world of blockchain and have been rewarded extremely well in terms of personal growth, education, and financial rewards.

doonesbury 6y ago

>The craziest part of Hacker News is the near universal opposition to cryptocurrency and blockchain technology. Done jerking yourself off? Now do some real work. Describe how BC - public, decentralized, PoW - allows financial or other highly proprietary information to be posted to a block over the network without risking privacy and without in one way or the other turning into private block chains for distinguished entities?

seibelj 6y ago
There are many groups working on solving this problem, which is analogous to how SSL was developed atop the unencrypted lower layers of TCP/IP stack. One experimental option is Aztec https://docs.aztecprotocol.com/ https://docs.aztecprotocol.com/ Most of the solutions use zkSNARKs, which is a generic solution for privacy preserving functions in public settings https://blog.zkga.me/intro-to-zksnarks https://blog.zkga.me/intro-to-zksnarks Tornado.cash is a popular mixing services that anonymizes cryptocurrency and tokens in the Ethereum network to preserve privacy https://tornado.cash/ https://tornado.cash/ > Done jerking yourself off? Now do some real work. I have been on this website for years, and the hate cryptocurrency / blockchain gets is absurdly high, and I believe it mostly comes from bitter people who think they missed out on fast money and now have to constantly justify why they (and everyone else) should completely avoid this technology. Blockchain is literally building an alternative financial system, one that is unstoppable and without government permission. It is decentralized and fascinating. If you choose to learn about it rather than write it off with a smug look on your face, you may actually learn and understand why it's useful. On HN it's a 95% to 5% ratio of blockchain haters to neutral / positive people. However most crypto enthusiasts avoid HN because everyone knows it's anti-crypto. HN has missed the boat on a hugely important and transformative technology because a loud portion of its users have irrational, spittaling rage at blockchain and believe they are so smart that they can 100% guarantee that the tech is worthless, despite it being one of the greatest pure computer science successes of the 21st century. HN is an SV echo chamber that promotes the YC view of the world, which I believe was once revolutionary but is now becoming stale and eating itself, as is most of the tech echo chamber.
- louwrentius 6y ago