jsutton

9 ms·

31.
by jsutton 4y ago
As the list would take me ages to write down, here are a few obvious ones: - Global financial settlement, including multi-party and Very Large sums, in under an hour for a few dollars. - Collateralized permissionless loans - Global Open-sou
32.
by jsutton 4y ago
This is precisely the phenomenon that happens in HN with cryptocurrency-related topics. The stupid cousins of crypto (scams, ponzis, pump-and-dumps) have activated a heuristic in an intelligent body of people, leading to a blanket dismissal
33.
by jsutton 4y ago
It seems you don't realize that ETH products like USDC are redeemed 1:1 with their fiat counterpart USD through regulated banks. Again, your view is demonstrably wrong, as products "inside" the system have value outside the s
34.
by jsutton 4y ago
A single counter-example is Uniswap. I can swap one currency or token into any other currency or token, in seconds, with a very modest fee of 30 basis points. And I can do this anytime, 24/7. Fiat-denominated, bitcoin, altcoin, whateve
35.
by jsutton 4y ago
I think you're correct about the legislation to an extent, but you're being facetious about that destroying the crypto industry. Face it, even in the sea of scams, there are a wealth of crypto projects that have delivered and do e
36.
by jsutton 5y ago
What do you mean by 'real' fake money? ETH is money.
37.
by jsutton 5y ago
I think crypto-detractors and crypto-advocates alike would benefit from reading this article. The truth is always somewhere in the middle. Crypto is neither a tupip mania scam nor a magic solution for everything. One thing's for certai
38.
by jsutton 5y ago
The article concludes the opposite.
39.
by jsutton 5y ago
I guess you'd say the same thing about open source cloud computing? Crypto is an evolution of that, after all.
40.
by jsutton 5y ago
Ethereum? This is a pretty small minded view, considering the amount of talent and resources dedicated to building blockchain and crypto infrastructure.
41.
by jsutton 5y ago
And how would you use RFC 3161 as a company that wants that use case?
42.
by jsutton 6y ago
Meaning on good ole' paper, or in a government database somewhere that you have no visibility or access to. Is this preferable to an ownership record that you, the gov, or anyone else can verify from your phone?
43.
by jsutton 6y ago
I'm tired of this flippant statement that many crypto-detractors take as fact, that there's no intrinsic value in Bitcoin. When you create a product or service that other people want to use and pay you for, is there no intrinsic v
44.
by jsutton 6y ago
1. It's a false narrative that majority of bitcoin is held by a small majority, as this doesn't account for custodianship services, funds, lost coins, etc. [1] 2. Many companies and citizens and even the US gov itself have over $1
45.
by jsutton 6y ago
Being an engineer does not exclusively mean you are focused on efficiency. It means determining the balance of reliability, functionality, efficiency, and a wealth of other factors as applied to the specific use case. Bitcoin is not made to
46.
by jsutton 6y ago
Why does Bitcoin need to modernize? There are other crypto projects that can fill in the holes that Bitcoin leaves (tx fees, slow, etc). Bitcoin is a fully secure, fully self-sufficient, global monetary system. It doesn't need to be li
47.
by jsutton 6y ago
I find it interesting (sad, actually) that most other S-1 posts on here are congratulatory for the most part, giving kudos to the teams (look at the DO one today). However, when it comes to anything crypto related, the emotions really come
48.
by jsutton 6y ago
The article states plainly: “What’s Ethereum’s killer app?” we asked ourselves not long ago. Now we know. It’s the world’s best publicly-accessible settlement platform for financial transactions. In a way, that’s exciting. The markets think
49.
by jsutton 6y ago
What about growth stocks that don't pay a dividend. Not a productive asset?
50.
by jsutton 6y ago
You're missing the forest for the trees. Transaction fees aren't important. In this case, it's the ability to raise funds for a project outside of an elite class of investors, and not have to wait 5-10 years for a liquidation
51.
by jsutton 6y ago
That's objectively your assumption. You really have no way of knowing what it's mainly used for.
52.
by jsutton 6y ago
Hope this was sarcastic, as it's an awfully edgy comment.
53.
by jsutton 6y ago
Based on the article, you would create your own cryptocurrency $INDIEGAME (through a platform like Roll or Rally) and give out those cryptocurrencies as points for community participation. Players of your game could then accumulate such poi
54.
by jsutton 7y ago
There is always an incentive for saving time. For example, lawyers can use that time to take on more clients or simply be more thorough.
55.
by jsutton 7y ago
Literally no one is proposing giving citizenship to everyone who wants it, so your 'genuine question' comes off as completely insincere at best.
56.
by jsutton 7y ago
That's not actually what happened here, not to say rent-seeking won't happen in the future. R&D stopped well before acquisition, and since acquisition the main focus has been making the product scalable, reliable, and expandin
57.
by jsutton 7y ago
This is outright false, no basis in fact whatsoever.
58.
by jsutton 7y ago
LastPass, Bitwarden, and Dashlane are the main ones. All have their own pros and cons.
59.
by jsutton 7y ago
How is searching and copying a password 'almost impossible' in LastPass?
60.
by jsutton 7y ago
You should be able to figure out a good daily time for your team that doesn't involve breaking out of the middle of a flow state. Maybe when everyone is expected to be in the office, or even right after lunch?

More ›