pcthrowaway

221 ms·

1. 2881.▲
   by pcthrowaway 5y ago

   I'm very much looking forward to seeing the way cryptocurrency revolutionizes the world in the next 20-50 years, but even I don't see any difference between Dogecoin and Bitcoin other than Doge having a dog on it. Yes, it's p
2. 2882.▲
   by pcthrowaway 5y ago

   Using web3? Deposit stablecoins, borrow crypto and sell it.
3. 2883.▲
   by pcthrowaway 5y ago

   Arweave is the big one I know of
4. 2884.▲
   by pcthrowaway 5y ago

   These things already exist in forms. Take a look at DAOs
5. 2885.▲
   by pcthrowaway 5y ago

   I must be missing something here. Care to explain what this is?
6. 2886.▲
   by pcthrowaway 5y ago

   Adding to what others have said, lines of code isn't a great measure of the quality of a project. There's beauty and elegance in simplicity, and creating something well-structured and concise can take incredible skill. In fact, Sv
7. 2887.▲
   by pcthrowaway 5y ago

   Are you willing to relocate? Do you have a github? I don't know what things are like right now, but I have hired someone with no degree at a former startup (though he was fresh out of a coding bootcamp), and it seems like a pretty comm
8. 2888.▲
   by pcthrowaway 5y ago

   Proof of Work is not resilient to a sufficiently large 'cartel' either in this case. If your cartel is 51% of bitcoin miners by hashrate, they can agree to let each other spend their bitcoin twice. Of course, this is sufficiently
9. 2889.▲
   by pcthrowaway 5y ago

   It's illegal to conduct business and not accept bitcoin in El Salvador.. it's the national currency now. I don't know for certain if this applies to landlords however.
10. 2890.▲
    by pcthrowaway 5y ago

    I can't pay my rent in US dollars, that doesn't make them worthless. Although, to be fair, I did pay a security deposit in bitcoin 6 years ago. Actually, in El Salvador, Bitcoin is now the national currency, so I suspect a lot of
11. 2891.▲
    by pcthrowaway 5y ago

    Proof of stake is a decentralized consensus mechanism that is (usually) trustless, and prevents attacks like double spending. Most notably, Solana, Cardano, Polkadot, Avalanche, Terra, Algorand, Polygon, Elrond, and Fantom are all using per
12. 2892.▲
    by pcthrowaway 5y ago

    Technology takes time to mature and see widespread adoption. Whether you believe this will ever happen with cryptocurrency or not, you can't ignore that it's grown (by users, development, and many other metrics) faster than most o
13. 2893.▲
    by pcthrowaway 5y ago

    Proof of stake is already happening. It's on Ethereum (though they haven't switched over to the beacon chain from proof-of-work yet), and it's on many others. If you look at the top 100 cryptocurrencies by market capitaliza
14. 2894.▲
    by pcthrowaway 5y ago

    It has nothing to do with Bittorrent, other than having been created by Bram Cohen. I'm not talking about filling it up with useless or silly content though, running a Chia node will cause a hard drive to fail after a very short time.
15. 2895.▲
    by pcthrowaway 5y ago

    For additional clarity, Polygon is its own blockchain. Loopring is, to my understanding, specialized for trading, and perhaps expensive to get started with. And there are also other blockchains for which transactions indeed cost pennies, an
16. 2896.▲
    by pcthrowaway 5y ago

    For black-hat hackers, it does in fact solve some problems.
17. 2897.▲
    by pcthrowaway 5y ago

    Did you read the article? It seems that the author leans more towards thinking it's "bs", even though they know a fair bit about what web3 is.
18. 2898.▲
    by pcthrowaway 5y ago

    Ethereum is also moving to proof of stake... While there are some proof of stake networks which are 'permissioned' (for example, Binance Smart Chain), Solana to my knowledge is permissionless, meaning anyone who can afford the h
19. 2899.▲
    by pcthrowaway 5y ago

    I really appreciate you sharing you perspective on this (as someone getting started with developing for EVM myself) If you don't mind answering two more questions: - Why did you choose Solana instead of Polygon/Avalanche/Fant
20. 2900.▲
    by pcthrowaway 5y ago

    Unfortunately, Chia happens to be the most efficient way to turn perfectly good hard drives in to landfill fodder.
21. 2901.▲
    by pcthrowaway 5y ago

    I look at many projects, token issuances, and defi protocols, as economic and social experiments.
22. 2902.▲
    by pcthrowaway 5y ago

    The answer is that decentralization is in many ways considered a spectrum. We're a long ways away from being able to interact with web3 with no centralized points. As an example, you're reliant on your ISP, DNS, and the web of tru
23. 2903.▲
    by pcthrowaway 5y ago

    You claimed distributed computing was unrelated to blockchain. Now you're saying the relationship is one thing and not another, but you're admitting a relationship all the same.
24. 2904.▲
    by pcthrowaway 5y ago

    Vitalik is one of the best people to follow in the space because he generally ignores a lot of the hype and focuses on way decentralization can change (and improve) the world. While there is a lot of value in defi, by its nature it attracts
25. 2905.▲
    by pcthrowaway 5y ago

    Blockchains may be generally less efficient for storing and processing lots of data (though there are specialized blockchains for storage, for GPU rendering, for computation, and so on), but the flip side of this is, do most users of web2 s
26. 2906.▲
    by pcthrowaway 5y ago

    There are other blockchains without those issues. I'm not naming names but if you care to research the space at all you'll find many, with various strengths and tradeoffs.
27. 2907.▲
    by pcthrowaway 5y ago

    Bitcoin yes, but the cryptocurrency market as a whole is moving towards proof of stake cryptocurrencies which don't have this specific issue. In 4-10 years I don't think Bitcoin will still be the most valuable cryptocurrency by ma
28. 2908.▲
    by pcthrowaway 5y ago

    Are you saying Nano is based on Ethereum? Because it's not. Or if you mean the environmental impact claims are based on Ethereum... that's sort of true (Bitcoin is still the biggest offender here, but Ethereum currently also has a
29. 2909.▲
    by pcthrowaway 5y ago

    Are you talking about Typescript here? If so, could you give an example of how to make this happen? This sounds incredibly useful.
30. 2910.▲
    by pcthrowaway 5y ago

    Interesting.. are you learning/using programming as part of your work or for your own interests? If not, I'm curious what value you feel you get from Hacker News; I know a lot of non-programming topics get discussed here, I just t