13 ms·
Diem – Facebook open source Cryptocurrency written in Rust
- ajsnigrutin 4y agoOh man.. the ultimate HN post Facebook .. a large company eveyone knows open source crypto(currency) using the "language of the month" and a github link!
- hardwaregeek 4y agoRust has been the language of the month for a few years now
- dymk 4y agoOver a decade, I’d say?
- runevault 4y agoEh wasn't that big pre 1.0 and that was 2015. I feel like it was 2017 or 2018 before it was on my radar so much I needed to assess it for myself.
- mirekrusin 4y agoI’ve heard it was favourite language of Ada Lovelace.
- rob74 4y agoSure feels like it...
- worik 4y agoSince about 1997....
- dekervin 4y agoI have a tagging tool for HN and the more used tags are: big-tech, oss, cryptocurrency, dev-language... The only missing tags are "climate" and "entrepreneur". Edit: the perfect headline would be "How Facebook acquired my climate friendly cryptocurrency startup, rewrote it in rust and open sourced it".
- meowtastic 4y agoMind showing/sharing it? I was thinking of doing some historical analysis on trending topics on HN.
- dekervin 4y agoSend me a mail, ( contact in bio ) I will send it to you.
- napo 4y agoI wanted to invest but I don't see where it talks about VR, ML and microservices
- deleted 4y ago[deleted]
- pvg 4y agoPlease don't sneer, including at the rest of the community. [...] Eschew flamebait. Avoid generic tangents. Omit internet tropes. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- cies 4y agoI thought this was funny and on point. How is this a sneer to you?
- pvg 4y agoBeside the guidelines, there's years of moderator explanations on this sort of thing, it comes up more or less weekly. Recently: https://news.ycombinator.com/item?id=33318559 https://news.ycombinator.com/item?id=33318559 https://news.ycombinator.com/item?id=33295889 https://news.ycombinator.com/item?id=33295889
- lakomen 4y ago
- AlmostAnyone 4y ago
- yellow_lead 4y ago> Note to readers: On December 1, 2020, the Libra Association was renamed to Diem Association. This report was published before the Association released White Paper v2.0 in April 2020, which included a number of key updates to the Libra payment system. Outdated links have been removed, but otherwise, this report has not been modified to incorporate the updates and should be read in that context. Features of the project as implemented may differ based on regulatory approvals or other considerations, and may evolve over time. https://developers.diem.com/docs/technical-papers/the-diem-blockchain-paper/ https://developers.diem.com/docs/technical-papers/the-diem-b...
- deleted 4y ago[deleted]
- anonym29 4y agoOh yeah, let's trust Facebook with a monetary system. They have such a great track record of respecting our trust. /s
- secondcoming 4y agoI'd rather trust FB engineers with a monetary system rather than some randomers off the internet. Besides, it's written in Rust! It's flawless by design.
- anonym29 4y agoThis is a joke, right?
- krautsourced 4y agoAnd blazingly fast. Don't forget how blazingly fast it is.
- wmf 4y agoThat's why it was canceled.
- yodsanklai 4y agoBelieve it or not, Meta is highly regulated. A lot of their engineers work on privacy issues.
- ethanbond 4y ago
- glitchc 4y agoFacebook has abandoned Diem. It is now an open-source project that's ripe to play around with. There are some neat, performant design choices in HotStuff, the underlying consensus protocol.
- dboreham 4y agoSee also this fork of the project: https://github.com/OLSF/libra https://github.com/OLSF/libra
- c7DJTLrn 4y agoIt was considered hot with the radioactivity of Facebook from the moment it was born. Governments were pretty quick to say no, so no surprise it died.
- dontknowwhyihn 4y agoI actually thought they were going to go ahead with it, lawmakers be dammed, in the spirit of Uber. Laws don’t apply to big tech until they come into direct conflict with banking I guess.
- latchkey 4y agoI wonder how much Silvergate paid for it... https://www.diem.com/en-us/updates/stuart-levey-statement-diem-asset-sale/ https://www.diem.com/en-us/updates/stuart-levey-statement-di... They still plan to launch a stablecoin in 2022... https://www.silvergate.com/solutions/digital-currency/diem.html https://www.silvergate.com/solutions/digital-currency/diem.h...
- 29athrowaway 4y agoLibra was opposed by most governments. Diem is Libra.
- lucasmullens 4y agoLast commit was two months ago. Why are we talking about this? I don't think Facebook has anything to do with this anymore.
- deleted 4y ago[deleted]
- dingosity 4y ago
- tossl568 4y agoHow do you see anything clearly from so far up on your high horse?
- Cantinflas 4y agoHorses? Hard pass
- dingosity 4y agoI ride a llama. Not nearly as high as a high horse, but higher than most donkeys.
- dingosity 4y agoI did sort of violate the HN social norms a bit... for which I apologize.
- mingyeow 4y agoThis wins comment of the year for me
- benatkin 4y agoCouldn't be more wrong about rust. People are using WASM with Figma everyday and Rust is the most production ready for both WASM and non-WASM targets. Sure, Rust is the future, but it's also the present.
- throitallaway 4y agoRust support is also landing in the Linux kernel very soon (version 6.1.)
- dingosity 4y ago
- v3ss0n 4y ago
- deleted 4y ago[deleted]
- derefr 4y agoI would suggest the mods change the title here to something that communicates that this project hasn't been associated with Facebook in years (maybe "ex-Facebook"?); and also that this isn't something that just came into existence, but rather has existed for years. As it is, this is drawing comments mostly from people assuming that this is something just happening now, leading to very non-productive conversation.
- anm89 4y agoLol, remember that time like a year ago when Facebook had redefined their company to chase some other thing of the moment that has nothing to do with the new thing they have totally redefined their company to chase. Definition of flail
- threeseed 4y agoa) VR is completely aligned with the mission of the company which is to connect people together. b) Meta has always been chasing their competition. It's why they have overhauled their feed algorithm multiple times, acquired Instagram and WhatsApp, implemented Stories etc. c) They are hardly flailing around. Apple has shown them how sensitive and vulnerable their business is to privacy changes. And that if they can own the whole stack and be the Apple of potentially the next computing paradigm then that is a goal worth betting the company on.
- anm89 4y ago> the mission of the company which is to connect people together. I guarantee you Zuck doesn't wake up every morning and say "how can I connect people just a little bit better today". He was just able to say this because the world threw money at him for 15 years so he didn't have to worry about that part. Facebooks mission is to make money. Crypto didn't help them with their mission. Recreating miis with a vr headset is doing the exact opposite of that mission. Time will tell. Maybe he will look like a genius in 5 years. I've got skin in the game betting against that
- dvngnt_ 4y agoevery company's mission is to make money but how they do it is the real question. facebook, instagram, whatsapp are all designed to connect with people. VR makes sense especially with facebook users aging out and instagram losing to tiktok.
- elforce002 4y agoThey have to throw Facebook's name if they want traction. Devs and public alike have a really bad perception of Facebook. Tbh, Zuckerberg needs to resign, enjoy its billions and let someone else to start the PR "healing" process.
- NayamAmarshe 4y agoPR healing won't be enough if Facebook continues its dystopian practices. What Facebook really needs is a deep ideological change along with new management.
- SQueeeeeL 4y agoFacebook has obviously just been seeking to maximize profit for their shareholders as possible (maybe at the expense of some people, but no more so than any cigarette or oil company). Are you implying that ideology should be changed?
- worik 4y ago> Facebook has obviously just been seeking to maximize profit for their shareholders as possible .... Are you implying that ideology should be changed? Not me. But they are a poster child for greed destroying a fabulous business. They were on the verge of connecting every single person on the planet, becoming the hub of everybodie's communications. And they threw it away for a bit of extra monetisation
- SQueeeeeL 4y agoThat's a contradiction. Either profit ideology is good or it isn't, but you're trying to say it's situational, uncaring markets don't work that way. Facebook/any private company goal should never be anything egalitarian, and if it is, that's arbitrage and will eventually be stripped away. Bob Iger (ex-CEO of Disney) is the king of this: “We have no obligation to make art. We have no obligation to make history. We have no obligation to make a statement. But to make money"
- 4y ago