6 ms·

Discord Is Integrating Ethereum

24 points by omarfarooq 5y ago

gcau 5y ago
I don't understand the outrage, especially because most of the outrage is over NFTs, which as far as we know currently, this doesn't involve NFT's at all. I also highly doubt anyone is seriously going to move from Discord, there's just no equal competitor, all others are usually lacking a dozen features you get for free with discord, and have far worse UI's.
- iszomer 5y ago
  Concerns with KYC, privacy, centralization? /shrug
- saltminer 5y ago
  I'd imagine part of the reason is because of the malicious bots that regularly make rounds and result in @everyone pings warning about the latest way hackers are trying to steal your account (lack of trust in security) combined with the huge potential losses when someone inevitably finds a vulnerability that allows them to drain your crypto. It also doesn't help that they seem to be doing nothing to try and explain themselves. There's no blog posts about this, so speculation is running rampant.
tehwebguy 5y ago
I don’t know much about crypto but I know it costs like $75-150 to send any amount of ethereum, maybe more? Can anyone tell me why it would be a top choice for some random integration right now?
- rvz 5y ago
  Good question. It is a problem that the supporters of Ethereum refuse to admit and they end up with the same responses [0] that still require you to pay for the unavoidable high gas fees which happily drains your wallet on every operation. As long as you can't use it to pay for your groceries, then it is totally useless. [0] https://news.ycombinator.com/item?id=29136101 https://news.ycombinator.com/item?id=29136101
- deleted 5y ago
  [deleted]
- Canada 5y ago
  For an ETH transfer you're looking at $15. For an ERC20 transfer it's about $45. This is 147 gwei at $4800 ETH. You can find out more here: https://etherscan.io/gastracker https://etherscan.io/gastracker
- casi18 5y ago
  They aren't necessarily bringing payments or anything else like that. Just adding the ability to easily sign with your connected wallet. This brings lots of functionality. It could be used for logging in, community votes, encryption, admin key sharing (sharmir secrets), shared community wallets. Imagine you have joined a guild in a game that has a guild bank with a bunch of tokens and nfts of game items, these could also be managed in discord with voting and payment streaming done via chat, and when you rage quit the discord server your share of the bank accounts assets is transferred back to your individual wallet. You start a discord server and you have an instant co-op spun up with accounts, voting systems, and membership structure all in place. Thats attractive to gamers/activists/the local church group/political parties/etc. (and despite what the other commenter says, that sounds much more interesting and has more possibilities than worrying about paying for groceries)
jakecopp 5y ago
Might be time to move to Matrix hey :D Element provides free accounts, managed hosting designed for communities [1] or you can host your own [2]. There are plenty of clients in case you don't like Element [3]. [1]: https://element.io/communities https://element.io/communities [2]: https://github.com/spantaleev/matrix-docker-ansible-deploy/ https://github.com/spantaleev/matrix-docker-ansible-deploy/ [3]: https://matrix.org/clients/ https://matrix.org/clients/
- Akronymus 5y ago
  And if you host your own, you can federate with others anyways. And there isn't one central authority who can throw you off the whole network.
- tata71 5y ago
  Might be time to buy ETH or the one you think that'll provide more utility than it in 10 years.
deleted 5y ago
[deleted]
angusturner 5y ago
Wow, a lot of people are upset about this. Curious what HN thinks of the argument that Layer 2 scaling + POS will solve / mitigate the environmental problems with ETH at the moment.
- bradwood 5y ago
  L2 is probably a better choice here IMHO. Maybe Polygon? As regards PoW vs PoS: this is a huge argument - both for and against. PoW can act like an electricity buyer of last resort, soaking up excess waste and enabling green business models for power provision to be viable.
  - angio 5y ago
    Polygon (not Polygon-Hermez) is not a Layer-2 but a sidechain.
    - bradwood 5y ago
      Layer 2: side chain Potato: Potato
mdotk 5y ago
Now I can pay $200 in gas fees for a $10 subscription? Awesome!
casi18 5y ago
Twitter, Reddit, Stripe, Discord... Makes a lot of sense, hopefully the first thing is adding things like snapshot integration and other dao tools. Then integrate with layer 2 for digital assets/community tokens. I wonder, in 5 years will HN still be talking about tulips, or will people start making things..

24 points by omarfarooq 5y ago

gcau 5y ago

I don't understand the outrage, especially because most of the outrage is over NFTs, which as far as we know currently, this doesn't involve NFT's at all. I also highly doubt anyone is seriously going to move from Discord, there's just no equal competitor, all others are usually lacking a dozen features you get for free with discord, and have far worse UI's.

iszomer 5y ago
Concerns with KYC, privacy, centralization? /shrug
saltminer 5y ago
I'd imagine part of the reason is because of the malicious bots that regularly make rounds and result in @everyone pings warning about the latest way hackers are trying to steal your account (lack of trust in security) combined with the huge potential losses when someone inevitably finds a vulnerability that allows them to drain your crypto. It also doesn't help that they seem to be doing nothing to try and explain themselves. There's no blog posts about this, so speculation is running rampant.

tehwebguy 5y ago

I don’t know much about crypto but I know it costs like $75-150 to send any amount of ethereum, maybe more? Can anyone tell me why it would be a top choice for some random integration right now?

rvz 5y ago
Good question. It is a problem that the supporters of Ethereum refuse to admit and they end up with the same responses [0] that still require you to pay for the unavoidable high gas fees which happily drains your wallet on every operation. As long as you can't use it to pay for your groceries, then it is totally useless. [0] https://news.ycombinator.com/item?id=29136101 https://news.ycombinator.com/item?id=29136101
deleted 5y ago
[deleted]
Canada 5y ago
For an ETH transfer you're looking at $15. For an ERC20 transfer it's about $45. This is 147 gwei at $4800 ETH. You can find out more here: https://etherscan.io/gastracker https://etherscan.io/gastracker
casi18 5y ago
They aren't necessarily bringing payments or anything else like that. Just adding the ability to easily sign with your connected wallet. This brings lots of functionality. It could be used for logging in, community votes, encryption, admin key sharing (sharmir secrets), shared community wallets. Imagine you have joined a guild in a game that has a guild bank with a bunch of tokens and nfts of game items, these could also be managed in discord with voting and payment streaming done via chat, and when you rage quit the discord server your share of the bank accounts assets is transferred back to your individual wallet. You start a discord server and you have an instant co-op spun up with accounts, voting systems, and membership structure all in place. Thats attractive to gamers/activists/the local church group/political parties/etc. (and despite what the other commenter says, that sounds much more interesting and has more possibilities than worrying about paying for groceries)

jakecopp 5y ago

Might be time to move to Matrix hey :D Element provides free accounts, managed hosting designed for communities [1] or you can host your own [2]. There are plenty of clients in case you don't like Element [3]. [1]: https://element.io/communities https://element.io/communities [2]: https://github.com/spantaleev/matrix-docker-ansible-deploy/ https://github.com/spantaleev/matrix-docker-ansible-deploy/ [3]: https://matrix.org/clients/ https://matrix.org/clients/

Akronymus 5y ago
And if you host your own, you can federate with others anyways. And there isn't one central authority who can throw you off the whole network.
tata71 5y ago
Might be time to buy ETH or the one you think that'll provide more utility than it in 10 years.

deleted 5y ago

[deleted]

angusturner 5y ago

Wow, a lot of people are upset about this. Curious what HN thinks of the argument that Layer 2 scaling + POS will solve / mitigate the environmental problems with ETH at the moment.

bradwood 5y ago
L2 is probably a better choice here IMHO. Maybe Polygon? As regards PoW vs PoS: this is a huge argument - both for and against. PoW can act like an electricity buyer of last resort, soaking up excess waste and enabling green business models for power provision to be viable.
- angio 5y ago
  Polygon (not Polygon-Hermez) is not a Layer-2 but a sidechain.
  - bradwood 5y ago
    Layer 2: side chain Potato: Potato

mdotk 5y ago

Now I can pay $200 in gas fees for a $10 subscription? Awesome!

casi18 5y ago

Twitter, Reddit, Stripe, Discord... Makes a lot of sense, hopefully the first thing is adding things like snapshot integration and other dao tools. Then integrate with layer 2 for digital assets/community tokens. I wonder, in 5 years will HN still be talking about tulips, or will people start making things..