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It's funny how the ups and downs of evaluating a startup go: Phase 1: "Okay, it's a Real Names social network, seems probably fine." Phase 2: "Oh no, some sor
by CobrastanJorji 6y ago
It's funny how the ups and downs of evaluating a startup go:
Phase 1: "Okay, it's a Real Names social network, seems probably fine."
Phase 2: "Oh no, some sort of token economy. Well, maybe it--"
Phase 3: "Nevermind, it said the word 'blockchain,' abandon ship, this is doomed."
- heckerhut 6y agoWell you could’ve guessed 3 when reading 2.
- CobrastanJorji 6y agoNo, I assumed they'd just store your "points" in a Users table in a relational database, plus a "transactions" table somewhere for history. Going with a blockchain solution is kind of crazy unless you're a blockchain company searching for a use case for your ridiculous--wait, what's this "Copyright © 2021 Block.one" bit at the bottom of their page?
- heckerhut 6y agoYou’ll reconsider once you see Twitter transitioning to such a model to circumvent regulation while still trying to capture value.