4 ms·

Have you actually looked into it? Have you used it? Do you know how it works on the deep level? Do you know what smart contracts are? Are you able to read them?

Have you actually looked into it? Have you used it? Do you know how it works on the deep level? Do you know what smart contracts are? Are you able to read them? If you answered yes to these questions, you wouldn't be saying what you're saying; I guarantee it.

Coding_Cat 5y ago
you replied to a comment saying "[t]he Ponzi hallmarks are getting more obvious by the day" by... reguritating the typical reply given by Ponzi/scam artists when called out as scams?
AnIdiotOnTheNet 5y ago
Not that, you know, you're going to try and explain it or anything. "You just don't get it" has long been the go-to response for scam artists. As any reasonable person would note: If it sounds too good to be true, it probably is. So either it isn't actually as good as it claims to be or you have to explain how it accomplishes the seemingly impossible.
- whitepaint 5y ago
  1. Learn how blockchains work. 2. Go learn Solidity. Write a few smart contracts. Go try to hack a few. https://docs.soliditylang.org/en/v0.8.11/ https://docs.soliditylang.org/en/v0.8.11/ & https://ethernaut.openzeppelin.com/ https://ethernaut.openzeppelin.com/ is a good starting point. 3. Read Smart Contracts that you use. Understand them (if you can't, go ask people who created them on Discord or reddit). 4. Be in awe that we can have such applications without any 3rd party. Have more questions? Ask on reddit or Discord.
  - rapnie 5y ago
    From many of the cryptocurrency threads on HN that I encountered: 5. Learn to get Wallstreet-level smarts, or be the sheep that just moves along.
  - AnIdiotOnTheNet 5y ago
    That didn't explain anything, it's essentially "RTFM" but with phone book sized manuals. Look, you're the evangelist for the technology here. If you can't explain to people why they should give a damn, that's on you. As far as I can tell, you're just promoting a scam on too-good-to-be-true promises and FOMO.
    - deleted 5y ago
      [deleted]
  - antihero 5y ago
    5. Be amazed when you realise it costs a lot to actually run your code and when you do a hard to spot bug means you lose all your money anyway.
  - DanHulton 5y ago
    You missed some steps at the end there: 5. ??? 6. Free high interest! 7. Oh no, a bug! 8. The code is the contract, sorry. 9. Coins lost forever.
  - tomc1985 5y ago
    Why do we have to 'be in awe'? That sounds like marketing copy.
  - KptMarchewa 5y ago
    >4. Be in awe that we can have such applications without any 3rd party. You just have multiple random third parties.
- AnIdiotOnTheNet 5y ago
  I'm going to go ahead and reply to myself here with the answer: 'No-loss lottery', unsurprisingly, isn't as "free money" as it sounds. From what I can gather, you're putting the equivalent of earned interest into the lottery pool and then it all gets given away to someone in that pool. You're playing the lottery with the interest you could have earned if you were not in the lottery. I was able to explain this without knowing much of anything about how Blockchains or Etherium work. Question is then, why didn't Parent explain it? It clearly doesn't require deep knowledge.
criddell 5y ago
Most of what I know about that stuff I've learned by reading https://web3isgoinggreat.com/ https://web3isgoinggreat.com/
cuteboy19 5y ago
The people on this website already know all of this stuff. "Few understand" might work on less technological adept people but it is not appropriate on a tech forum
UncleMeat 5y ago
> If you answered yes to these questions, you wouldn't be saying what you're saying; I guarantee it. I've published research on EVM issue detection in a top venue. The "if you weren't ignorant you'd agree with me" argument is a crap one.

Coding_Cat 5y ago

you replied to a comment saying "[t]he Ponzi hallmarks are getting more obvious by the day" by... reguritating the typical reply given by Ponzi/scam artists when called out as scams?

AnIdiotOnTheNet 5y ago

Not that, you know, you're going to try and explain it or anything. "You just don't get it" has long been the go-to response for scam artists. As any reasonable person would note: If it sounds too good to be true, it probably is. So either it isn't actually as good as it claims to be or you have to explain how it accomplishes the seemingly impossible.

whitepaint 5y ago
1. Learn how blockchains work. 2. Go learn Solidity. Write a few smart contracts. Go try to hack a few. https://docs.soliditylang.org/en/v0.8.11/ https://docs.soliditylang.org/en/v0.8.11/ & https://ethernaut.openzeppelin.com/ https://ethernaut.openzeppelin.com/ is a good starting point. 3. Read Smart Contracts that you use. Understand them (if you can't, go ask people who created them on Discord or reddit). 4. Be in awe that we can have such applications without any 3rd party. Have more questions? Ask on reddit or Discord.
- rapnie 5y ago
  From many of the cryptocurrency threads on HN that I encountered: 5. Learn to get Wallstreet-level smarts, or be the sheep that just moves along.
- AnIdiotOnTheNet 5y ago
  That didn't explain anything, it's essentially "RTFM" but with phone book sized manuals. Look, you're the evangelist for the technology here. If you can't explain to people why they should give a damn, that's on you. As far as I can tell, you're just promoting a scam on too-good-to-be-true promises and FOMO.
  - deleted 5y ago
    [deleted]
- antihero 5y ago
  5. Be amazed when you realise it costs a lot to actually run your code and when you do a hard to spot bug means you lose all your money anyway.
- DanHulton 5y ago
  You missed some steps at the end there: 5. ??? 6. Free high interest! 7. Oh no, a bug! 8. The code is the contract, sorry. 9. Coins lost forever.
- tomc1985 5y ago
  Why do we have to 'be in awe'? That sounds like marketing copy.
- KptMarchewa 5y ago
  >4. Be in awe that we can have such applications without any 3rd party. You just have multiple random third parties.
AnIdiotOnTheNet 5y ago
I'm going to go ahead and reply to myself here with the answer: 'No-loss lottery', unsurprisingly, isn't as "free money" as it sounds. From what I can gather, you're putting the equivalent of earned interest into the lottery pool and then it all gets given away to someone in that pool. You're playing the lottery with the interest you could have earned if you were not in the lottery. I was able to explain this without knowing much of anything about how Blockchains or Etherium work. Question is then, why didn't Parent explain it? It clearly doesn't require deep knowledge.

criddell 5y ago

Most of what I know about that stuff I've learned by reading https://web3isgoinggreat.com/ https://web3isgoinggreat.com/

cuteboy19 5y ago

The people on this website already know all of this stuff. "Few understand" might work on less technological adept people but it is not appropriate on a tech forum

UncleMeat 5y ago

> If you answered yes to these questions, you wouldn't be saying what you're saying; I guarantee it. I've published research on EVM issue detection in a top venue. The "if you weren't ignorant you'd agree with me" argument is a crap one.