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You can use layer 2 technologies like state channels to boost the efficiency of the market, you don't need every single transaction to happen on-chain. Skynet i
by Taek 6y ago
You can use layer 2 technologies like state channels to boost the efficiency of the market, you don't need every single transaction to happen on-chain. Skynet is a platform that does this already - every upload and download makes between 30 and 300 crypto transactions, including downloads that are only fetching a few kilobytes of data.
It ends up being efficient enough to run at scale. Skynet currently has over 100,000 active users, and is doing something like 300,000,000 crypto transactions per month. This could easily scale another 100x without increasing the energy footprint of the system, and quite possibly 10,000x as well.
The promise of crypto isn't that there won't be any middlemen, it's that you'll be in control of your own relationship with the people you follow. Right now your relationship with the content creators you follow on YouTube is under the management of the YouTube platform itself. YouTube decides what counts as acceptable, what needs to be de-monetized, and what needs to be de-platformed. In the crypto world, those decisions are left in the hands of the content creators and their viewership, which imo creates a much healthier public grounds for free speech.
The best part is that it's all opt-in. If Patreon + YouTube is what works for you, then more power to you; there's no pressure to switch.
- asdff 6y agoWhy not just self host if the goal is to get off something like youtube? Not sure what crypto gets the creator other than the off chance the speculators cause it to surge and the creator with large holdings sees a huge payday. Even then, an opportunity for the creator to gamble is a poor argument, that coin might never bear much fruit compared to a bet that's more certain, like betting on the continued success of the global economy, which has managed to pay off even in a global pandemic.
- Taek 6y agoSelf hosting takes a large amount of effort and can't reach the same uptime guarantees that something like YouTube or Skynet can achieve. There's nothing about gambling here, the crypto tokens are liquid, you can sell them as you receive them and get fair value for your content.
- ivanche 6y agoAre you referring to this Skynet? https://skynet.co/index.html https://skynet.co/index.html
- Natfan 6y agoThe parked website with an invalid SSL certificate? Unlikely. They probably mean Skynet by Sia[0], which is (according to their website): > Decentralized Internet for a Free Future > Skynet is a content and application hosting platform bringing decentralized storage to users, creators and app developers. [0]: https://siasky.net/ https://siasky.net/
- egypturnash 6y agoI just draw comics and post them online. Youtube's not involved in any stage of this. I'm pretty much in control of my relationship with my followers without any blockchain already.