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I would love for this project to succeed, I’m a huge fan of N.S. and implicitly trust anything he’s involved in. I’m leaving this comment in hope to look back
by mprime1 4y ago
I would love for this project to succeed, I’m a huge fan of N.S. and implicitly trust anything he’s involved in.
I’m leaving this comment in hope to look back at it in a few years and be proved utterly wrong.
This white paper seems like the usual web3 pie in the sky nothing-burger: Generate hype, cash in, keep repeating as long as it works, then abandon.
There’s enough meat on the fire that it would take 20 successful companies a decade to implement a subset of what Lamina1 target in the near future.
One example that stands out to me in the sea of red flags:
> On-chain in-band messaging on Lamina1 is an area of active research, with an eye on major areas of innovation.
I read this (in context) as: our chain will be so fast it’ll be used for everything, including real time gaming events.
To be fair, a couple of paragraphs later:
> State changes must be synchronized among all participants and serialized to some kind of storage. A combination of on-chain and other decentralized services can achieve this.
Details on vague claims like this is what I was looking for in this paper, but there’s none.
I wish all the best to the Lamina1 team, but as things stands today, this looks to me like just another crypto grift.
[for context: I have ~20 years of experience with consensus protocols, cloud infrastructure, P2P systems, and, more recently, blockchains. I despise the sorry state of cryptocurrencies as much as the next HN user]