leifg

12 ms·

91.
by leifg 5y ago
> Decentralized Finance (DeFi) is almost completely transparent - all major smart contracts are open source and all transactions are made in public. Which gives people a lot more trust in the system as they can see what is going on. Yet
92.
by leifg 5y ago
Whenever this question comes up in crypto/blockchain enthusiast circles there are usually two answers. - read this $blockchain_book - just wait, these things take time I have never once heard specifics that are even close to convincing
93.
by leifg 5y ago
It seems like the colon is too ambiguous (is used as a protocol delimiter, delimiter for user/pass, delimiter for port). Reminds a little bit of Java labels where you can do this: public class Labels { public static void main(S
94.
by leifg 5y ago
git reflog is hard enough so that I (a software engineer for 12 years and a git user for 10+ years) have to look up its syntax every time I need it.
95.
by leifg 5y ago
I like that! Unfortunately for libraries you will also have to have a system in place for all the library hosting providers (npm, rubygems …) to transfer ownership as well.
96.
by leifg 5y ago
I never thought about it that way Just went to the homepage of McDonalds and guess what their title says: Burgers Fries & More. Quality Ingredients. …
97.
by leifg 5y ago
It’s always hilarious to me how so many crypto/blockchain startups have words like “trust” and “transparency” written all over their landing pages. In reality you have an insane amount of fraud and shadiness going in order to increase
98.
by leifg 5y ago
This is a good example of the debate about the definition of a blockchain. Undoubtedly git's implementation is very similar to current blockchains but it's missing a reward function (PoS, PoW). So I would argue it's not a blo
99.
by leifg 5y ago
> Writing complex software without bugs is impossible. There are so many unexpected edge cases you will never think of them all no matter how large or small the team is. Yes and: Whenever you add new features you will create new edge cas
100.
Blockchain Won't Solve Ticket Price Gouging(schlockchain.substack.com)
3 points by leifg 5y ago|0 comments
101.
by leifg 5y ago
Genuine question: what do you drink instead? Do you stick to water or do you order any kind of soda/lemonade (or something I’m not thinking about)
102.
by leifg 5y ago
What exactly is your point? That banks aren’t advanced enough? Last time I checked there are already tons of apps for banking use cases. I use a third party budgeting app across multiple accounts. For my European bank account I use a third
103.
by leifg 5y ago
> Say instead of using a bank to store your money you store it on the blockchain. Suddenly you don't have to worry about Wells Fargo opening accounts in your name and charging you fees for those accounts. Great you solved a very spe
104.
by leifg 5y ago
Companies (and especially banks) have been running large scale databases for decades. The cost of IT infrastructure is absolutely negligible compared to salaries. And yes they have been given assurances to entrepreneurs. I have been on this
105.
by leifg 5y ago
ARPANET implemented TCP/IP in 1983. The first AOL floppy disks were sent out in 1993. So thank you for proving my point. Even assuming your timeline is correct. And even ignoring that the top comment on this HN addresses this exact poi
106.
by leifg 5y ago
So blockchain solves some unspecified subset of fraud. But only people who know enough about finance and technology are able to understand how this fraud is prevented? A lot of time has passed. Why has no one come up with these higher level
107.
by leifg 5y ago
That sounds like a typical blockchain enthusiast answer: The banking industry is corrupt. Blockchain solves this. End of argument. I have yet to see a specific, easy to explain answer on how blockchain solves any kind of fraud. Who is forci
108.
by leifg 5y ago
Why is cryptocurrency/blockchain necessary for that? You could have all of this with open banking standards.
109.
by leifg 5y ago
I wonder if we’ll see some kind of cable box equivalent where private companies will go ahead and bundle a subset of all the content on the streaming service into a package to sell you. Possibly subsidized with ads…
110.
by leifg 5y ago
Great article! I have been meaning to write an article like this and the author raises a lot of points that I would make. But my assessment of why we don't have more centralization is pretty simple: "Consumers don't care&quot
111.
by leifg 5y ago
I came to the same conclusion over the time. Mainly because I figured out: When you want to build stuff for profit, coding is an afterthought. There are so many tasks necessary that involve zero coding. You essentially become your own produ
112.
by leifg 5y ago
It's interesting how the conversation in so many of these threads go from. Art ownership -> Property ownership -> Digital assets Only because blockchains somehow work for digital assets, doesn't mean they work for real world
113.
by leifg 5y ago
> A blockchain doesn't need to be decentralized If it's not decentralized it's usually referred to as a "permissioned blockchain" which purists don't consider a "real blockchain" and at this point
114.
by leifg 5y ago
Consensus on what? The last time I checked we don’t have a democratic process for private ownership.
115.
by leifg 5y ago
Not to mention that most blockchain enthusiasts don’t even consider Hyperledger a blockchain (it’s not public).
116.
by leifg 5y ago
Why is uptime such an important issue? It’s not like you want to sell high value properties 1000 times a second.
117.
Real world ownership is not a use case for blockchain(schlockchain.substack.com)
251 points by leifg 5y ago|400 comments
118.
by leifg 5y ago
I totally agree but I also have the opposite problem. You can’t have simple tables in Notion (you know, like a comparison table without structured data). You always have to create what they call a “database”
119.
by leifg 5y ago
I am an engineer for more than 12 years. I think I have a reasonably good idea of how a blockchain works. I have no idea how these two projects are supposed to work. Who is supposed to use this if there isn't even a concise description
120.
by leifg 5y ago
Whenever I read guides on best practices for smart contracts there is always a line in there that says “consider all possible edge cases when developing…” That sounds like smart advice but is also incredibly naive. If humans were able to fo

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