yashg

36 ms·

181.
by yashg 4y ago
Bitcoin is flag bearer for crypto and the first one in the long line of crypto "currencies"
182.
by yashg 4y ago
>seamlessly send value across jurisdictions I have money. How can I get some crypto? From a middleman. Need to pay fees. Then I send it to someone. Transaction fees. The receiver wants to buy groceries or pay kid's school fees, so
183.
by yashg 4y ago
Git is not a blockchain. An audit log doesn't need to be blockchain. The whole point of blockchain is that is is decentralized, trust-less and permission-less. You take it away and what is left?
184.
by yashg 4y ago
I have read that whitepaper. That was the first think I read when I started researching about the whole crypto and blockchain space. And this is the culmination of my research https://bit.ly/3OB5G18
185.
by yashg 4y ago
Crypto is scam. Some people at Stripe are trying to capitalize on the hype. We'll see how it goes. Something can't be both a currency as well as a speculative asset. Bitcoin was conceived as a currency. It promised fast transactio
186.
by yashg 4y ago
He's not.
187.
by yashg 4y ago
Don't worry, governments and centrals banks won't let go of one of the fundamental powers of a sovereign. The anarcho-capitalist dream of being your own bank isn't sustainable in real life anyway.
188.
by yashg 4y ago
>The sole purpose of blockchain is to prevent double spending without a trusted party That is most accurate description of blockchain I have read. Unfortunately, the mechanism for that (Proof-of-work) is slow, expensive and planet destro
189.
by yashg 4y ago
Blockchain has no use other than to store tokens for speculative gambling. Take a look at this presentation - https://bit.ly/3OB5G18 Proof-of-work - the USP of blockchain makes it slow and expensive and planet destroying a
190.
OTP hell – when security is bureaucratized
3 points by yashg 4y ago|0 comments
191.
by yashg 4y ago
Fun fact: Hathora means hammer in Hindi. Sensed an Indian connection the moment I saw the logo and name. Congratulations on the launch.
192.
by yashg 5y ago
I want to give ahrefs money but can't. India, RBI, credit card subscription rules.
193.
by yashg 5y ago
Check out HexaVault.com. My product. Simple. Doesn't store passwords in cloud. Stores on your device. Simple key/value pair password manager.
194.
by yashg 5y ago
Actually I have. I have also rambled against PayPal right here on HN. I would still deal with a middleman like that than trust a Ponzi scam to handle my money.
195.
by yashg 5y ago
It's not the book/register or the mindshare. It's a central authority (sovereign government) and it's legal system that grants and enforces the ownership rights. Remove that authority and what do you have? Anarchy. There
196.
by yashg 5y ago
1. Nope. Still need to convert it to real money for buying something. Gas fees > transfer fees. 2. Nope. It doesn't grant any ownership. It's a just a pointer to a file on third party server. Ownership is enforced by a central
197.
by yashg 5y ago
Soon. Check again in a decade or two. Blockchain has only been around for 14 years. Sill early days. Here is an awesome token me and my buddies have just launched. It's going to change the world. Join our Discord and Telegram where we
198.
by yashg 5y ago
>being the only person who can put that sign And even that is not true. There is nothing preventing literally anyone from creating as many signs they want and point it to any house they want.
199.
by yashg 5y ago
A private blockchain is pointless.
200.
by yashg 5y ago
Also if the company just created a simple web/mobile app for truckers to enter data that doesn't have edit and delete functionality it is immutable. Non programmers think immutability is inherent in a system and not something cont
201.
by yashg 5y ago
The article is co-authored by two co-founders of a supply chain management solution company called DLT Labs that uses blockchain somewhere. I checked out their solution on their website. The product looks like any other web app. Is it reall
202.
by yashg 5y ago
Ad hominem attack. Takes way less time and energy. Unlike blockchain. :)
203.
by yashg 5y ago
https://en.wikipedia.org/wiki/Ad_hominem
204.
by yashg 5y ago
And they can't on a Walmart owned database based system? You know the good old boring web application? HN is one example. Hundreds of people are using it, upvoting and commenting at at any given second. Works just fine.
205.
by yashg 5y ago
I don't understand this hatred for middlemen amongst the crypto crowd. Middlemen provide trust. You want to replace middlemen as trust providers with code? The trustless solutions like Proof of work are slow and inefficient and cost mu
206.
by yashg 5y ago
Hammer in search of a nail.
207.
by yashg 5y ago
Can you please connect me with someone in the tech team at Walmart Canada who was part of this implementation? I am really curious to know exactly what it is that they store in blockchain. What kind of chain it is public or private. What is
208.
by yashg 5y ago
Someone created a JS library to interact with the Ethereum blockchain and named it web3. Making it appear like it was future of the web. In reality it was just one more attempt to make blockchain look authentic and useful. Blockchain has on
209.
by yashg 5y ago
Agree 100%. Web3 is useless. The whole web3 thing is an extension to get more people and more real money to get into the crypto ecosystem and provide liquidity to the early adopters and insiders. I haven't found one legitimate use case
210.
by yashg 5y ago
Most of these are not scammers trying to scare in the name of tax authorities or IT support scammers. They are mostly tele-callers trying to sell property, insurance, loans, credit cards and such. Nuisance nonetheless.

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