mattdesl

65 ms·

391.
by mattdesl 5y ago
cue xkcd “14 competing standards” comic. one reason there are so many blockchains is because they are all taking different development approaches and tradeoffs.
392.
by mattdesl 5y ago
it is pretty trivial to retrieve JS code and the hash from the ArtBlocks smart contracts, and save them into a HTML file to run it locally. probably a more reasonable concern (rather than the on/off chain question) is one of dependenci
393.
by mattdesl 5y ago
Look at railway electrification: this has been happening since the late 1800s; in 2012 electric railways only accounted for 1/3 of the world's tracks. Point being: decarbonisation typically does not happen overnight, and this shou
394.
by mattdesl 5y ago
also may be an indicator that the average person doesn’t realize crypto need not be tied to high energy use. it is like saying trains are a bad idea because they burn coal - but now years later, we have far more energy efficient trains.
395.
by mattdesl 5y ago
In PoW you don’t know the next block hash; I wonder if it’s possible for this ZK word puzzle system to be somewhat like that? I suppose it would have to unlock the next puzzle as soon as somebody submits a valid solution, so it wouldn’t be
396.
by mattdesl 5y ago
Very cool, thanks for sharing. What would be the eventual process to make something like this decentralized so as to ensure no single party controls the server that (if I understand correctly) would set the day’s puzzles and handle verifica
397.
by mattdesl 5y ago
many of todays popular chains that are not BTC and ETH are currently using PoS, especially those interacting with web dApps and smart contracts. See Tezos for a real world example that “currently works.” ETH (the devs and community) is also
398.
by mattdesl 5y ago
In theory if some kind of token-as-license system were to be used by a game distributor, it would be trivial to confirm that the token contract address (0xff..) matches the contract address required by the distributor. Other tokens may appe
399.
by mattdesl 5y ago
In this context it doesn't add much, except perhaps a public ledger cryptographically verifying the purchases and license ownership.
400.
by mattdesl 5y ago
The idea would be that these tokens-as-licenses would not be revocable. If you hold the token, you hold the license and rights to download and play. This would need to be defined and enforced by the publishers own ToS and/or some hypot
401.
by mattdesl 5y ago
The OP thread is about the centralized entity revoking your digital ownership over these licenses at their will. The parent you are replying to is imagining a hypothetical future where licenses around digital ownership are not merely privat
402.
by mattdesl 5y ago
You seem very certain that a cryptographic signature can never replace a handwritten pencil scribble to enable scarcity and provenance (and non-fungibility). Artists using this technology are less certain. We will see what happens over time
403.
by mattdesl 5y ago
You can argue the same about a signed print of a digital illustration, photograph, etc. See here: https://jackrusher.com/journal/what-does-it-mean-to-buy-a-gi...
404.
by mattdesl 5y ago
Eventually you will need a public ledger (to support hundreds of thousands of these signatures), and the choice of making it centralized (mutable) or decentralized (very difficult to change). This is how you end up with a public distributed
405.
by mattdesl 5y ago
That may be one view. Another view is that it allows artists across the globe a digital-first mechanism to distribute and earn revenue on their digital artwork. See Hicetnunc for example.
406.
by mattdesl 5y ago
The entire point of the distributed ledger is to help secure a stronger social consensus and build a traceable record of value transfer. Forking or copying a CryptoPunk (or Fidenza, to use an art related comparison) will not do much to sway
407.
by mattdesl 5y ago
Hence “or whichever the distributor/artist says is the real one.” This does not prove copyright; it merely proves ownership of a token. It still requires a strong social consensus that the token and its addressable hash was indeed dist
408.
by mattdesl 5y ago
The mechanism is extremely simple, see [1]. The value lies in the token which - much like art - is worth whatever somebody is willing to pay for it. [1] https://gist.github.com/mattdesl/c1eff283039b73a093c7777d112...
409.
by mattdesl 5y ago
Yep - I can make an NFT of a CryptoPunk, but since the addressable hash of my contract will be different, probably nobody would see value in acquiring my tokens. Social consensus (and, by extension, tooling and network effects) have built a
410.
by mattdesl 5y ago
Usually whichever came first, or is still in circulation (hasn’t been burned), or whichever the distributor/artist says is the real one. Similar to a signed and authenticated physical artwork - if a newer copy turns up, which one is th
411.
by mattdesl 5y ago
I don’t think the piece is accurate. An NFT is uniquely addressable by its contract address. Copying it would produce a new address, and it would be obvious the artist is trying to sell the same work again. This is why it is “non-fungible”
412.
by mattdesl 5y ago
It is possible to be left-leaning, support regulation + taxes + social structures, and still be in favour of web3/crypto. I agree #2 is a common issue, people become "maxis" of one protocol if they over-invest in it, or if th
413.
by mattdesl 5y ago
I'm not sure it's really clear how their platform will work yet; but there is no way to distinguish a "hot" from "cold" wallet, and most of these applications understand that an individual can (and often does)
414.
by mattdesl 5y ago
Pretty much every time this comes up, I point to Hicetnunc, as I feel despite its small size and shaky organization, it is indicative of the kind of disruptions that may occur, and also how it may prove beneficial to many creators. https:&
415.
by mattdesl 5y ago
It is already disrupting the internet as we know it… NFTs, DAOs, trustless contracts, peer-to-peer payments w/o reliance on a central payment processors — these are all new concepts that the web hasn’t seen operating at a global scale,
416.
by mattdesl 5y ago
To some users and developers, the chain/contract is easier, less expensive, and simpler to trust and build upon than the equivalent legal and traditional financial structures on a global scale.
417.
by mattdesl 5y ago
This is already happening; centralized exchanges and staking pools like Kraken make up a high percentage of ETH2 validators (just as PoW seems to gravitate toward large mining pools). Despite that, PoS has the benefit of offering decentrali
418.
by mattdesl 5y ago
These contracts intentionally only deal with tokens and virtual data/assets. A “web3” Kickstarter alternative built on a common set of OSS and fee-less escrow contracts does not need to manage anything other than tokens - that is the
419.
by mattdesl 5y ago
Yet there is a key difference in trust - that a centralized actor (say, Kickstarter) will not mutate their private database, will not go under, and will not fail to meet its promises in how the funds are managed. There is also an ease of us
420.
by mattdesl 5y ago
Considering BTC's network uptime has been about 99.9% for over a decade, I'd say the "here to stay" articles may have been relatively accurate? (I don't care much for BTC, though I do feel a narrow scope of its usag

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