3 ms·
> If you provide an unseen tweet to the chain, you get TWITCOIN If will take mostly an hour, if not minutes, for someone to hook into Twitter API and mimic the
by can16358p 5y ago
> If you provide an unseen tweet to the chain, you get TWITCOIN
If will take mostly an hour, if not minutes, for someone to hook into Twitter API and mimic the browser extension's requests to mine TWITCOIN by constantly feeding new tweets. Scale this to many developers out there and you've just invented Proof-of-well, ...bandwidth? ...API access? ...processing power (aka Work)? that gives you coin in return.
No one will use the extension, and because of the nature of it, it will be totally open to Sybil attacks anyway.
- sigmoid10 5y agoI think that’s kind of the point. The more people jump on this and the faster they are, the quicker you’ll saturate the “tweet space.” Once you have all historic data and a near real time replication of new data, you’ll have a near perfect clone of the platform, while only few will have the knowledge and resources to compete in this data transfer business. All you’re effectively doing is outsourcing a ton of dev time.
- can16358p 5y agoFor building the platform content, sure. But how can then the coin have that amount of value the article talks about?
- mytherin 5y agoHow do you verify that people are actually posting historic data instead of random garbage, without either (1) you yourself already having access to that historic data, or (2) looking up each tweet through a Twitter API to verify that it is actually real? If you can't verify that the tweets are real, what is the incentive for anyone to post real tweets, instead of just streaming random garbage into your system in exchange for coins?
- neodymiumphish 5y agoWhy wouldn't an extension be able to parse a link to each tweet? This seems like a trivial concern.
- dmitriid 5y agoParse the link and do what with it? Request Twitter API to see if that was a valid tweet? You'll get your keys banned within a few seconds for too many requests.