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> What do you think these networks will look like in 20 years? Exactly the same as it looks today. Because nothing has changed in the last 15 years either (Bit

> What do you think these networks will look like in 20 years? Exactly the same as it looks today. Because nothing has changed in the last 15 years either (Bitcoin was released in 2006). > it's precisely the tech you need to provide an alternative against Facebook or other walled gardens many people love to hate on here. How does cryptocurrency help with any of that? > tech is open an transparent and scalable. Citation needed.

tiborsaas 6y ago
Just as an example, have you heard of smart contracts? There's a cambrian explosion happening now among networks, everybody tweaks something to be different from others. I suggest you to take a look around, there's a shocking diversity. > How does cryptocurrency help with any of that? How can a globally spanning Turing complete computer help? I don't know, but we will see attempts. > Citation needed. Haha, I always forget we are at academic level of discussions :) But for fun's sake, go to https://coinmarketcap.com/ https://coinmarketcap.com/ click a random currency and click source code / read the whitepaper. Smart contracts deployed to the networks are also open to be inspected, here, take a look: https://etherscan.io/address/0x00c83aecc790e8a4453e5dd3b0b4b3680501a7a7#code https://etherscan.io/address/0x00c83aecc790e8a4453e5dd3b0b4b...
- Jasper_ 6y ago
  > Just as an example, have you heard of smart contracts? Yes. They seem to be a solution looking for a problem. What problems can you imagine smart contracts solving? > How can a globally spanning Turing complete computer help? I don't know, but we will see attempts. So the answer is "nobody has thought of a single way this helps, after 10 years of thinking about it". > But for fun's sake, go to https://coinmarketcap.com/ https://coinmarketcap.com/ click a random currency and click source code / read the whitepaper. OK The first one I clicked was Qtum: https://coinmarketcap.com/currencies/qtum/ https://coinmarketcap.com/currencies/qtum/ . The whitepaper link goes to a 404. The second one I clicked was VeChain. https://coinmarketcap.com/currencies/vechain/ https://coinmarketcap.com/currencies/vechain/ . It has no link to source code or a whitepaper. The third one I clicked was Dash, which thankfully had a whitepaper. Let's check it out: https://github.com/dashpay/dash/wiki/Whitepaper https://github.com/dashpay/dash/wiki/Whitepaper > Currently the Dash network has ~4,800 active masternodes [8]. By requiring 1,000DASH collateral to become an active masternode, we create a system in which no one can control the entire network of masternodes. For example, if someone wanted to control 50% of the masternode network, they would have to buy 4,800,000 DASH from the open market. This would raise the price substantially and it would become impossible to acquire the needed DASH. Oh my god > Bad actors could also run masternodes, but not provide any of the quality service that is required of the rest of the network. To reduce the possibility of people using the system to their advantage nodes must ping the rest of the network to ensure they remain active. Oh my goddddd Nobody making this has any clue about distributed systems, do they
  - neatze 6y ago
    Outstanding example of murdered by words.
  - tiborsaas 6y ago
    So it's possible to find bad examples, I get it. What problems smart contact solve? With my brief experience, they compute the state of a transaction in which everybody agrees. Why is that cool? You don't need an authority to tell who is right.
dylkil 6y ago
> Bitcoin was released in 2006 It wasnt. It was released 9 January 2009

tiborsaas 6y ago

Just as an example, have you heard of smart contracts? There's a cambrian explosion happening now among networks, everybody tweaks something to be different from others. I suggest you to take a look around, there's a shocking diversity. > How does cryptocurrency help with any of that? How can a globally spanning Turing complete computer help? I don't know, but we will see attempts. > Citation needed. Haha, I always forget we are at academic level of discussions :) But for fun's sake, go to https://coinmarketcap.com/ https://coinmarketcap.com/ click a random currency and click source code / read the whitepaper. Smart contracts deployed to the networks are also open to be inspected, here, take a look: https://etherscan.io/address/0x00c83aecc790e8a4453e5dd3b0b4b3680501a7a7#code https://etherscan.io/address/0x00c83aecc790e8a4453e5dd3b0b4b...

Jasper_ 6y ago
> Just as an example, have you heard of smart contracts? Yes. They seem to be a solution looking for a problem. What problems can you imagine smart contracts solving? > How can a globally spanning Turing complete computer help? I don't know, but we will see attempts. So the answer is "nobody has thought of a single way this helps, after 10 years of thinking about it". > But for fun's sake, go to https://coinmarketcap.com/ https://coinmarketcap.com/ click a random currency and click source code / read the whitepaper. OK The first one I clicked was Qtum: https://coinmarketcap.com/currencies/qtum/ https://coinmarketcap.com/currencies/qtum/ . The whitepaper link goes to a 404. The second one I clicked was VeChain. https://coinmarketcap.com/currencies/vechain/ https://coinmarketcap.com/currencies/vechain/ . It has no link to source code or a whitepaper. The third one I clicked was Dash, which thankfully had a whitepaper. Let's check it out: https://github.com/dashpay/dash/wiki/Whitepaper https://github.com/dashpay/dash/wiki/Whitepaper > Currently the Dash network has ~4,800 active masternodes [8]. By requiring 1,000DASH collateral to become an active masternode, we create a system in which no one can control the entire network of masternodes. For example, if someone wanted to control 50% of the masternode network, they would have to buy 4,800,000 DASH from the open market. This would raise the price substantially and it would become impossible to acquire the needed DASH. Oh my god > Bad actors could also run masternodes, but not provide any of the quality service that is required of the rest of the network. To reduce the possibility of people using the system to their advantage nodes must ping the rest of the network to ensure they remain active. Oh my goddddd Nobody making this has any clue about distributed systems, do they
- neatze 6y ago
  Outstanding example of murdered by words.
- tiborsaas 6y ago
  So it's possible to find bad examples, I get it. What problems smart contact solve? With my brief experience, they compute the state of a transaction in which everybody agrees. Why is that cool? You don't need an authority to tell who is right.

dylkil 6y ago

> Bitcoin was released in 2006 It wasnt. It was released 9 January 2009