ahnick

9 ms·

91.
by ahnick 4y ago
The hash is critical as it is what enables you to verify that the off-chain data is correct. What exactly did you think was technojargon? I'll be happy to elaborate.
92.
by ahnick 4y ago
Ownership data meaning the NFT itself and which can be proved by the holder using his/her private key. Off-chain data (such as personal information or supplemental documents) doesn't have to be stored in centralized databases. It
93.
by ahnick 4y ago
> I can literally set up a blockchain that says I own the Mona Lisa. Me saying so, or me putting it on a blockchain doesn't make it so. Agreed. The parties that are interacting must agree on which blockchain to interact on first. Mo
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by ahnick 4y ago
> And of course they will need to maintain an IT application: they will need secure wallet implementations, data entry applications to interact with blockchains, security audits for the shitty programs people keep calling "smart con
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by ahnick 4y ago
> Translation: government enforces property deeds. They are enfoceable. > NFTs are not How did property deeds come into existence? Was there a time before property deeds? The point is technology evolves and blockchains offer an altern
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by ahnick 4y ago
> Yes. You literally said all the data would be stored somewhere else. Meta data (ownership data) is stored on-chain. (supplemental data is stored off-chain) So again, no I did not say that all data is stored somewhere else. The meta dat
97.
by ahnick 4y ago
Blockchains are highly distributed systems. At least the good ones are ;-). Blockchains have the ultimate uptime b/c every full node has a copy of the database that houses the state and in large blockchain networks (e.g. Bitcoin, Ether
98.
by ahnick 4y ago
> It's not. NFTs are non-enforceable. They are as non-enforceable as property deeds. (i.e. property deed enforce-ability relies on the government too) > No they can't. I literally provided you with examples. They absolutely
99.
by ahnick 4y ago
> I doubt that many people particularly care if property records are available 24/7, or are demanding the ability to update records outside of business hours. Individual pieces of property aren't bought and sold frequently enou
100.
by ahnick 4y ago
> You literally said that all the data is stored somewhere else. No, I didn't. The NFT would be stored on chain and inside the NFT would be hash of the data that is stored off chain. Anyone can then source the off chain data from an
101.
by ahnick 4y ago
My original question illustrates that an NFT deed is interchangeable with a property deed. Public blockchains can help expose manipulations of property records because the history of record transactions are available for anyone to check. Yo
102.
by ahnick 4y ago
I think pretty much anyone would like systems to be available as much as possible, no? Any website (which nowadays most property assessors have sites) is vulnerable to DDoS attacks and even worse would be ransomware attacks. The system woul
103.
by ahnick 4y ago
I'm not sure what you think that proves? Government corruption has and will always exist. If anything, a public blockchain will make manipulation of property records more easily detectable.
104.
by ahnick 4y ago
I'm not sure how you made that jump in logic. The chain is absolutely needed as it stores and establishes cryptographic proof of ownership. This is the entire premise behind validity rollups for layer 2 networks.
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by ahnick 4y ago
> Of course it doesn't eliminate the need. Who's going to enter those records and enforce them? The staff still does what they do today, but they no longer need to maintain their own database and IT application. > Just becau
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by ahnick 4y ago
No, it's not impossible. You don't need to store all state on chain. You will just need to store a hash of the off-chain data on chain. The supplemental off-chain data can be stored in standardized storage systems, which they them
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by ahnick 4y ago
How would you design an HA system that has literally 0 downtime and accessible from anywhere in the world that people can cryptographically prove ownership of a property? How would you prevent DDoS attacks of that system? Further, how would
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by ahnick 4y ago
NFTs are probably best thought of as ownership records or certificates for items that could be either digital goods or physical goods. If you want NFTs to be useful as an ownership record for a physical good, then there will need to be some
109.
by ahnick 4y ago
Duplicacy has been incredibly stable for me over the years and I still prefer it's lock-free deduplication design. Looks like 28 days ago there was a major release as well. Time to upgrade. :) https://github.com/gilbert
110.
by ahnick 4y ago
They are likely not solvent (i.e. they have enough liquid funds to cover everyone withdrawing their money all at once), but they apparently can cover a high percentage of USDT withdrawals. It is still very fishy b/c if you look at the
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by ahnick 4y ago
Yes, I think the two party commit example really illustrates the capabilities of the system. Two-Party Commit: Using DataLayer offer files and proofs of inclusion, two people can coordinate a simultaneous (“atomic”) update of their respect
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Enabling Data for Web3: Announcing Chia DataLayer(chia.net)
7 points by ahnick 4y ago|3 comments
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by ahnick 4y ago
If 90% of the nodes are controlled by Google, then I think the answer is clear that you do NOT in fact have a distributed system. If this occurs, then the system was not designed well and should be abandoned for a new one. Agreed, you want
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by ahnick 4y ago
> 4. By design, distributed consensus protocols diffuse responsibility for a function among several difficult-to-identify parties. While this may be an effective way to prevent some kinds of centralization, it also means that making som
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by ahnick 4y ago
This is exactly what Chia ( https://www.chia.net ) has done by using hard drive storage space to hold the proofs. This allows the generic hardware of general purpose computers with hard drives to operate profitable and energy effi
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by ahnick 4y ago
Ummm, yes, that was my original point. What does "one or more of the most popular open source projects on GitHub" mean exactly? Do you need a certain number of github stars on your project? Are you listed on some "most popu
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by ahnick 4y ago
What's the criteria for being considered "a maintainer of a popular open source project"? They never actually publish the criteria anywhere from what I can tell. They just say visit the subscription page and if you are eligib
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by ahnick 4y ago
The inability to find any available domain names was one of the primary reasons for us to create Mashword. ( https://mashword.com ) You can enter the name you are looking for and it will quickly suggest similarly spelled or soundi
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by ahnick 4y ago
Something similar that we created a while back is Mashword ( https://mashword.com ). It enables you to create word mashups of two words or find unique spellings of one word quickly. It will also do its best to determine domain nam
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by ahnick 4y ago
The Tether MC has been leveling off. (See the 1M view of MC on CoinMarketcap -> https://coinmarketcap.com/currencies/tether/ ) While Tether may be technically insolvent there looks like there would need to be an

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