4 ms·

Defi has never been down.

by m00dy 3y ago

vermilingua 3y ago
It’s also never been up
tmpX7dMeXU 3y ago
I could name plenty of other systems nobody wants and speak to their uptime, too? My Plex server probably has better uptime than GitHub lately but I’m not gonna start pushing my code there. It does its job serving the barbie movie, just like defi tells me who to unfollow.
- ta1243 3y ago
  The whole point of git was its decentralisation. Then people just moved to a client/server model hanging off github. But you're right, local servers are more reliable than big cloud ones.
  - hdctambien 3y ago
    I think you may have missed a bit of their point... a plex server is a video hosting server.. like a personal Netflix. They wouldn't push their code to their Plex server because it's not a server that accepts code pushes.
    - ta1243 3y ago
      Last time I checked plex was just a linux box with some software. No reason why you can't push a git repository onto it
      - Chilinot 3y ago
        Plex is a piece of software for playing media. It's not an operating system.
        ta1243 3y ago
        which runs on a linux server
        dylan604 3y ago
        somebody needs a shovel to make the hole they are digging easier. this is sad to watch, but i'm enjoying the popcorn. there's an original point, and then your attempt and being clever which is so far off the mark that it clearly was meant in jest...had it be left alone. but you then attempted take it further like you are serious. which is just sad really.
  - LadyCailin 3y ago
    Not on average. On average, with proper failover and redundancy, you can get five nines, which is 5 minutes of downtime per year. I have that much every time I reboot my machine.
anaganisk 3y ago
But it is illegal depending on the country, Or a scam depending on the receiver, Or centralized if you use a hosted wallet, DeFIs merits on paper sound life changing, but reality is far from it. It's an unorganized, volatile mess.
- danheskett 3y ago
  Not a great message when billionaire tech-heads are getting scammed for seven-figures and are entirely defenseless. If Mark Cuban can't get the vendor/tech mix right, what chances do an average Joe have?
  - smeej 3y ago
    The average Joe has a whole different set of incentives than Mark Cuban. It's much easier to sort out the smaller set of incentives the average Joe has and align them.
  - fullspectrumdev 3y ago
    Assuming because someone is successful and competent in one area means they must be competent in other, related areas has a habit of going poorly, and happens a lot in tech.
q87b 3y ago
https://web3isgoinggreat.com/?tech=defi https://web3isgoinggreat.com/?tech=defi
piva00 3y ago
Defi doesn't have disputes nor chargebacks either, complete no-go for any mainstream checkout flow.
lifefeed 3y ago
"My toilet pipes are broken and I have to get a plumber." "Shitting in the woods is never broken."
- 11235813213455 3y ago
  until you step on it
oooyay 3y ago
Well yeah, in DeFi you also wouldn't have an anti-fraud gateway because then there'd be no transactions.
- LightRailTycoon 3y ago
  I've developed a DeFi anti-fraud gateway, first version runs on stdin: yes '"Fraudulent Transaction Detected"' I also have a json api: while true; do echo 'HTTP/1.1 200 OK Content-Type: application/json; charset=UTF-8 Server: anti-fraud gateway "Fraudulent Transaction Detected"'|nc -l 8123;done
arrowsmith 3y ago
And yet no-one apart from a tiny handful of techbros uses it. Almost as if uptime isn't the only thing that matters.
jklinger410 3y ago
The value is down on 99% of the coins, though
flangola7 3y ago
Defi has no fraud protection
xyst 3y ago
people in the comments are getting nasty. Sure the ecosystem is plagued with scammers, but financial system in general is filled with scammers. We just have insurance products or the faith of the US government to bail you out lol I still believe in digital currency as the future.
- inductive_magic 3y ago
  The -highly entertaining- comments are rightfully bashing the de facto state of defi in the context of GPs comment. Remind me when a digital currency actually exists, because I haven't seen one yet. The problem isn't just that the ecosystem is filled with scammers, its that the tech doesn't solve any existing problem but creates new ones instead. Web3 is a joke.

Defi has never been down.

by m00dy 3y ago

Defi has never been down.

vermilingua 3y ago

It’s also never been up

tmpX7dMeXU 3y ago

I could name plenty of other systems nobody wants and speak to their uptime, too? My Plex server probably has better uptime than GitHub lately but I’m not gonna start pushing my code there. It does its job serving the barbie movie, just like defi tells me who to unfollow.

ta1243 3y ago
The whole point of git was its decentralisation. Then people just moved to a client/server model hanging off github. But you're right, local servers are more reliable than big cloud ones.
- hdctambien 3y ago
  I think you may have missed a bit of their point... a plex server is a video hosting server.. like a personal Netflix. They wouldn't push their code to their Plex server because it's not a server that accepts code pushes.
  - ta1243 3y ago
    Last time I checked plex was just a linux box with some software. No reason why you can't push a git repository onto it
    - Chilinot 3y ago
      Plex is a piece of software for playing media. It's not an operating system.
      - ta1243 3y ago
        which runs on a linux server
        dylan604 3y ago
        somebody needs a shovel to make the hole they are digging easier. this is sad to watch, but i'm enjoying the popcorn. there's an original point, and then your attempt and being clever which is so far off the mark that it clearly was meant in jest...had it be left alone. but you then attempted take it further like you are serious. which is just sad really.
- LadyCailin 3y ago
  Not on average. On average, with proper failover and redundancy, you can get five nines, which is 5 minutes of downtime per year. I have that much every time I reboot my machine.

anaganisk 3y ago

But it is illegal depending on the country, Or a scam depending on the receiver, Or centralized if you use a hosted wallet, DeFIs merits on paper sound life changing, but reality is far from it. It's an unorganized, volatile mess.

danheskett 3y ago
Not a great message when billionaire tech-heads are getting scammed for seven-figures and are entirely defenseless. If Mark Cuban can't get the vendor/tech mix right, what chances do an average Joe have?
- smeej 3y ago
  The average Joe has a whole different set of incentives than Mark Cuban. It's much easier to sort out the smaller set of incentives the average Joe has and align them.
- fullspectrumdev 3y ago
  Assuming because someone is successful and competent in one area means they must be competent in other, related areas has a habit of going poorly, and happens a lot in tech.

q87b 3y ago

https://web3isgoinggreat.com/?tech=defi https://web3isgoinggreat.com/?tech=defi

piva00 3y ago

Defi doesn't have disputes nor chargebacks either, complete no-go for any mainstream checkout flow.

lifefeed 3y ago

"My toilet pipes are broken and I have to get a plumber." "Shitting in the woods is never broken."

11235813213455 3y ago
until you step on it

oooyay 3y ago

Well yeah, in DeFi you also wouldn't have an anti-fraud gateway because then there'd be no transactions.

LightRailTycoon 3y ago
I've developed a DeFi anti-fraud gateway, first version runs on stdin: yes '"Fraudulent Transaction Detected"' I also have a json api: while true; do echo 'HTTP/1.1 200 OK Content-Type: application/json; charset=UTF-8 Server: anti-fraud gateway "Fraudulent Transaction Detected"'|nc -l 8123;done

arrowsmith 3y ago

And yet no-one apart from a tiny handful of techbros uses it. Almost as if uptime isn't the only thing that matters.

jklinger410 3y ago

The value is down on 99% of the coins, though

flangola7 3y ago

Defi has no fraud protection

xyst 3y ago

people in the comments are getting nasty. Sure the ecosystem is plagued with scammers, but financial system in general is filled with scammers. We just have insurance products or the faith of the US government to bail you out lol I still believe in digital currency as the future.

inductive_magic 3y ago
The -highly entertaining- comments are rightfully bashing the de facto state of defi in the context of GPs comment. Remind me when a digital currency actually exists, because I haven't seen one yet. The problem isn't just that the ecosystem is filled with scammers, its that the tech doesn't solve any existing problem but creates new ones instead. Web3 is a joke.