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IMO this is kind of the worst of both worlds: - It's centralized: so all the issues that come with that, plus the authority is some random person somewhere, ra

IMO this is kind of the worst of both worlds: - It's centralized: so all the issues that come with that, plus the authority is some random person somewhere, rather than the european central bank or something like that. And people die and individual computers catch on fire and get hacked. - It's a new digital currency: so it's completely useless as of today. I'd consider it way more likely that I'll get hit by a meteorite tomorrow than this becoming somehow useful. Sorry for being blunt, I guess it's a cool way to spend some free time, but I really don't think a number database on your computer is going to be of any use.

baby 6y ago
Btw centralized doesn’t mean not distributed. And so it doesn’t mean that it’s not highly available/resilient.
- fabiospampinato 6y ago
  Sure, the white paper mentions that this is supposed to be a dictatorship, how should power be distributed while still remaining a dictatorship?
  - baby 6y ago
    You distribute it yourself. This is what most distributed systems do, and this is how gmail, facebook, etc. Can remain up even when there’s a number of servers down or a fire in one of their data centers.
    - fabiospampinato 6y ago
      That way you distribute data, not power. That way you are resilient against a single computer catching fire, but not against the computer the dictator writes his stuff in getting hacked.
      - baby 6y ago
        Yes, but that is usually what resilience and high availability means. Btw what you’re talking about is interesting because decentralized systems are often decentralized until you start thinking of implementations. Since most cryptocurrencies have a single software, one bug tend to affect the entire network. Some cryptos are looking into having several implementations but I think we’re not there yet.
wanderindev 6y ago
I'm under the assumption (and hoping) this is just another gag project that was made in light of DeFi crypto projects getting funded without anything backing them. They always seem to popup whenever crypto becomes sexy again. This one is just a little bit more deadpan than others.

baby 6y ago

Btw centralized doesn’t mean not distributed. And so it doesn’t mean that it’s not highly available/resilient.

fabiospampinato 6y ago
Sure, the white paper mentions that this is supposed to be a dictatorship, how should power be distributed while still remaining a dictatorship?
- baby 6y ago
  You distribute it yourself. This is what most distributed systems do, and this is how gmail, facebook, etc. Can remain up even when there’s a number of servers down or a fire in one of their data centers.
  - fabiospampinato 6y ago
    That way you distribute data, not power. That way you are resilient against a single computer catching fire, but not against the computer the dictator writes his stuff in getting hacked.
    - baby 6y ago
      Yes, but that is usually what resilience and high availability means. Btw what you’re talking about is interesting because decentralized systems are often decentralized until you start thinking of implementations. Since most cryptocurrencies have a single software, one bug tend to affect the entire network. Some cryptos are looking into having several implementations but I think we’re not there yet.

wanderindev 6y ago

I'm under the assumption (and hoping) this is just another gag project that was made in light of DeFi crypto projects getting funded without anything backing them. They always seem to popup whenever crypto becomes sexy again. This one is just a little bit more deadpan than others.