scyclow

9 ms·

91.
by scyclow 3y ago
True, Bitcoin has been around for about 14 years, but we're only a couple years into the current wave of consumer hardware wallets. And from a smart contract standpoint we're still seeing innovative for different ways to control t
92.
by scyclow 3y ago
You're building a straw man argument against the pro-crypto side though. Not everyone there is a crypto0libertarian anrarcho-capitalist. There are a lot of people who are optimistic about the technology who also welcome regulation on t
93.
by scyclow 3y ago
I like how none of the commenters here actually read the article, and they're all talking about literally surviving a car crash -- not how to emotionally survive the aftermath of one.
94.
by scyclow 4y ago
The big difference is that a smart contract is a running, stateful, immutable piece of software. Alternatively, I can run software with an MIT license by myself, but I can always modify the data or API without any approval of the users.
95.
by scyclow 4y ago
Am I the only one who thinks that reading all the "highest rated" NFT books on Amazon in an attempt to write a good-faith critique is hilarious?
96.
by scyclow 4y ago
What exactly is precluding someone from building this today, regardless of the tumor?
97.
by scyclow 4y ago
Easy solution: sell the CryptoPunks and give those proceeds to charity instead.
98.
by scyclow 4y ago
Re 2b: While the scenario you're outlining certainly isn't ideal, I don't think it's fair to say that the transactions are "censored". All they can do is not validate blocks with this transactions in them. It&#
99.
by scyclow 4y ago
The Heaven's Gate website is pretty cool https://heavensgate.com/
100.
by scyclow 4y ago
Maybe we're just talking past each other, but this is the entire point of a smart contract platform. I deploy code to it, and you now have a guarantee forever on the interface of that code, as well as its implementation logic. If I&#x2
101.
by scyclow 4y ago
Art
102.
by scyclow 4y ago
I'm not trying to swindle you. I'm trying to have an intelligent conversation. You don't need to call all my points bullshit :) It depends on the level of guarantees you want for that data. If we're communicating, and yo
103.
by scyclow 4y ago
I think it really depends on what you want to do. If you want build a comment system for your website, then web3 is totally the wrong tool for the job. If you want to write an application that coordinates data across multiple websites, and
104.
by scyclow 4y ago
I think they solve different problems. I love independent websites, and the web is an amazing medium for serving stateless content. But I think web3 compliments it really well when you want to do something that hooks into a larger, stateful
105.
by scyclow 4y ago
I think the main class of problems it solves is it lets multiple applications, which may be developed by completely different entities at different times, share data with very strong guarantees. So in the context of the Web Revivalist movem
106.
by scyclow 4y ago
You do. Although, the guy with the chip in his hand paid the gas for that transaction.
107.
by scyclow 4y ago
I'm looking forward to the NFT bear market where Ethereum moves to Proof of Stake, and people realize that unique digital assets are fun to create, collect, and trade without having to make money on them.
108.
by scyclow 4y ago
The Worm is a really fun one. The idea is that you transfer the worm NFT from wallet to wallet (it's "trying to visit every wallet on the Ethereum blockchain"), and it leaves a non-transferrable token wherever it's been.
109.
by scyclow 4y ago
> So "web3" can only exist where there's some financial incentive to run miners. I can say the same about anything else on the internet. Keeping the servers running costs money > Users can't spend real money to acc
110.
by scyclow 4y ago
It makes me very happy to know that all of these websites exist. It also makes me sad to see unnecessary hostility towards crypto. I get it: most NFTs are hyper commercialized trash, and they're in direct opposition to the values outli
111.
by scyclow 4y ago
I always wonder if the people writing these articles understand that a very small fraction of the NFT ecosystem lives on BTC. BTC is the only cryptocurrency it mentions by name, and it then goes on to state "oh yeah, all those NFTs are
112.
by scyclow 4y ago
As I said, I'm not trying to convince you that they aren't stupid and worthless here -- just that there's a flourishing and highly functioning ecosystem built around them, which couldn't really exist in any other context
113.
by scyclow 4y ago
That's a needlessly rigid, and depressingly simple definition. Art is just the thing that people refer to when they use the word "art".
114.
by scyclow 4y ago
Whether or not you think NFTs are stupid and totally worthless, there's a fairly extensive economy based around fine art NFTs where collectors (who view them more as consumption goods than investments) buy and sell in ETH. And despite
115.
by scyclow 4y ago
Took 17 responses, but I think your second point answers my question. Thank you.
116.
by scyclow 4y ago
I really don't understand why anyone wants algorithmic stable coins. It really just seems like the worst of both worlds. If you want a crypto asset that correlates with USD, why not buy something like USDC that's actually... you k
117.
by scyclow 4y ago
True. I'm curious what this sort of hit replacement would look like in practice. But, you can't add it in after the fact, so you at least have the option of writing contracts that give you the formal guarantee.
118.
by scyclow 4y ago
Nothing really. It's just one kind of immutable ledger. If you have a use case where decentralization of the infrastructure is important, you don't care as much about network effects, and you know all your counterparties, then a p
119.
by scyclow 4y ago
Don't get me wrong, the decentralization is important. I'd rather the network infrastructure of an expansive, public, general purpose computing network be decentralized. But to be useful in the first place you need important, inte
120.
by scyclow 4y ago
If I write some dip shit application and host it on my server, and you want to write an application that interops with mine, I can change my API (or the data itself) under your nose. You have no formal guarantees. Smart contracts make guara

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