codehalo

Any advice for those getting rekt in the traditional markets, or are you hoping that doesn't work out too?

You are not the ignorant one here.

This is becoming an increasingly rare sentiment, and oddly even on HN. Thank you.

Are you saying that someone can't deposit money into random bank account?

Still doesn't have anything to do with Bitcoin, or the bitcoin supply.

You are not informed. Forking is not the issue. There have been forks before. Rewriting the chain history (which is extremely difficult by the way) is the issue.

The problem is Russia can't defeat NATO without nuclear weapons.

Can you recommend an audio device that you are sticking in your ears that differs significantly from AirPods that is not dorky?

Yes, but not the apex of the "electronics industry".

>> The question, for me, is actually "how is this any different than <monopolistic centralized surveillance ad platform>”?

You can send a transaction from A -> B using Bitcoin (or another cryptocurrency) without it being censored by any government. Can they see your transaction? Yes. In that case, use Monero (or the upcoming Railgun). Comparing crypto to any of the above is quite a stretch.

Twitter may have failed in it's promise, but right now, crypto/blockchains/web is a massive improvement. They may not be perfect, but they are trending in the correct direction. Like the parent post, it's shocking to me the 180 that HN has done in this regard.

He's creating confusion by treating front ends or clients like (Metamask, Opensea, and Infura) as servers when they are actually clients.

So dapp -> infura -> blockchain is really client -> client -> blockchain.

When multichain interoperability becomes widely available (See polkadot, cosmos, etc) blockchains will also become clients as well. Clients at any level won't be bounded like they currently exist in centralized networks.

>> At the risk of displaying my ignorance and lack of knowledge about this area, one part I found very familiar in this article is that the action interactions in his apps didn't actually interact with the blockchain, but essentially with two centralized services.

Absolutely correct. Extremely flawed reasoning regarding blockchains and web3 on Moxie's part. He actually created more confusion than enlightenment.

Seems like you (and a vast majority of HN including Moxie) is tying web3 to several centralized front ends (Metamask/OpenSea).

I saw this back in the 90's when a lot of people thought the internet was "Internet Explorer".

There is no centralized competitor to the web that has outcompeted it.

The contract would likely be constructed to use any address (public key) you prefer, so it could be the public address your favorite private key. Or not. The choice is yours.

You don't need to specifically use Metamask to use a blockchain, just like you don't need to use a specific browser to view this site.

I understand, but people get rich all the time holding stock like AAPL or TSLA. HN doesn't seem to have a problem with that. Some people see the future, do the research and risk it all on a stock or a cryptocurrency, some people take their last ten dollars blindly gamble on a lotto ticket or a cryptocurrency. How they earned the money they risk should be of no concern.

A lot of HN users were aware of bitcoin when it was worth pennies. Seeing it sitting at 50,000 dollars after trashing it created bitterness and cognitive dissonance.

I visit other sites where I can honestly say their users are honestly ignorant, given their lack of technical understanding. But here? This is sad to watch. If crypto/blockchain/web3 continues the current trajectory (or bitcoin goes to 100K), it will be worse, because the proud/bitter HN user will never admit to themselves that others can "get it" even though "I didn't get it".

The web3 solution is significantly easier than webauthn, if what I read in the above article is to be believed.

What recourse would you have if you lose your private key? The author mentions a solution to that problem.

There are many new systems that are superior to Ethereum (e.g Polkadot, Terra LUNA) that already satisfy your requirement.

Honestly, it is the singular reason why it failed. They had no intention of evolving with the times.

Lol. Bitcoin

Can TCP/IP still work if it's outlawed?

Is cooperating the same as colluding?

Apparently, this wasn't a smart contract hack:

https://twitter.com/Mudit__Gupta/status/1425115177771405312

The things I've seen, I would be less than surprised this preposterous plot plays out.

Do facts change?

fact /fakt/

noun: fact; plural noun: facts a thing that is known or proved to be true.

Because the person with the money can buy even bigger guns, and pay someone to show Mr. Smallguns they mean business.