kang

sorry, but blockchain should be compared to internet, not google & yes packet-switching took a decade to become TCP/IP and took more than 2 decades, to become the internet. Bitcoin should be compared to google.

Blockchains don't work for digital assets either because there is no way to 'give' anything digital i.e., ensuring sender no longer has a digital copy

Memoization is borrowing time from the past, not bypassing/compressing it.

This is one possible route - whichever topic or doubt you end up searching the internet for, make a small post about the solution. As you grow over time, start being more comprehensive about the solutions, and try to list information on the very niche topic till the periphery of human knowledge( from history of birth to bleeding edge tech in that area). Growing more over time you will start getting in-depth and at a zen blogger stage, cross-domain.

Or you could make the blog all about you. Your personal journey of how some attained knowledge in the past, you were able to apply.

The word dharma means one's duty according to their place in their cosmic order. Assigning it to sacred teachings of anyone is not correct. There is a word _dhammam_ in pali lang that is from around the area buddha lived, which has different meaning from dharma, is used to refer budhha's teachings.

One can always invent blockchain buzzwords like "Dark Gravity Wave" but even copying code requires understanding of algorithms.

This statement is against the spirit of HN. Although I agree that none of other pow coins currently have as robust code, but making an absolute statement like that is not rational.

You are saying every merge in the core code protocol is trusted by you even if that code has not even been written yet.

To think bitcoin is a database is laughable.

"solid track record"

Can you name one thing he built/invented that does anything? Beyond collecting bitcoin.

FREE method!

- add @otsproofbot to your messages

- the bot will reply with a message with text and embedded proof.

- superior tech than OP

This comment is just wishful thinking and stems from a false fact. There are HNers who were using "blockchain" even before Vitalik knew about bitcoin.

There is no innovation happening. Distributed is not decentralized. Ethereum's blockchain is a mathematical proof of it being mutable (and thus not a blockchain?). Tell me any "dapp" and I will tell you the point of centralization. (Before you even mention it's probably 'the origin of money' )

Haha, “Vitalik’s project immediately before Ethereum is that he was collecting investments from people to fund building a computer program to solve NP-complete problems in polynomial time, supposedly by simulating a quantum computer."

Few years ago there were sites like cull.tv and mox.tv that were really amazing interfaces for youtube. Its sad that now doesn't even exist a demo somewhere(?)

bitcoin

"Permissioned" ledgers have existed and failed many times before the invention of bitcoin. This is not decentralized. None of the BFT protocols are.

Indian governance is a mess right now. A govt sending a message like this while collecting tax in parallel from the same system is a contradiction to me.

To start with RBI needs to sit with IT dept. And please include some CS professors.

The entire universe is having measurable("infinite" but countable) gravitational effect. You need to prove that "cumulative" effect is negligible.

Stellar doesn't work.

Disturbed by energy consumption, their solution is to divide(shard) the blockchain graph. Does that result in a consensus though? Not in their own prior version.

Will the topology they are claiming emerge? There is no proof.

The least we can say is satoshi's whitepaper lists eliminating financial intermediaries as the prime motive, in the first paragraph itself.

Hello, congratulations on exposure. I would like to express a concern.

Being a cryptocurrency user is all about NOT paying taxes. As more people understand the systems of cryptoanarchy, more will the gateway business models fade-away(basically exchanges and add-ons like OP).

As you mentioned, since money trickling out cannot be prevented after this invention, a better bet for India and China is to incubate home projects that can attract foreign money and hope it is more than spending. People who spend more than the value they create for humanity, are doomed in long-term.

One may adjust the 'centralised' in "decentralised" to include anything. In reality it is just BTC.

Governments worry that those 'Swiss Bank Accounts' aren't exclusive anymore.

Vancouver is same in regards to the service but strangely the position-tracking of a bus is more accurate on mobile google maps than the official 'transit' app, although the former says the source of data is latter.

> a ledger is just an indelible, append-only log of transactions that take place between various parties.

Readers should decide either the above statement is true and ethereum is not a blockchain by that definition[0] or blockchain is just an abstract buzzword. Technology wise, git is as powerful as a blockchain at being an append-only log without the most important ingredient - proof-of work.

2. There is a whole section on private blockchains

Can you write one program using a private blockchain(for eg use ibm's hyperledger) that can't be written using git? Private blockchains, premined coins, colored tokens, assets etc all of them.

3. Regarding smart contracts, can you show me one use of turing completeness in a blockchain? If yes, ethereum is not turing complete practically cause gas.

4. How does one determine the gas price of an opcode in a network? How does ethereum do it? (i think only people understanding need of proof-of-work will understand this)

5. W.r.t the layers of OSI model, the need for smart contract is trivial. Show me one smart contract you can do 'in' a blockchain and I will tell you how to do it 'on' bitcoin.

[0]https://ethereum.stackexchange.com/questions/9535/how-does-a...

The 'underwriter' in dharma protocol is essentially current day middleman. You contradicted yourself by saying "trustlessly" in point 1 and then admitting to point 3. Point 2 is unenforceable without current legal system.

Both the points and your third point about a centralized system being able to decentralize itself - I am saying all of them are impossible (given current knowledge - unless you have secret protocols...).

I have looking deeply into lending smart contract protocols - dharma, ethlend, salt, paypie, etc. My biggest complaint is all of them are so-called 'blockchain' products but not only can they be done better without blockchain, but that despite their product being all about decentralization, none of these projects are decentralised!

This looks like the start of slockit conversation proposing a DAO

> The most natural follow-up to currencies on a blockchain are assets

Natural for marketing-team maybe but not for developers. They only seem natural because they both look like 'value' transfer. But there is a huge difference. The value in-case of currency-use is inherently generated using proof-of-work whereas there is no decentralised way to map a real asset to virtual token.

So NO, none of these 'assets on the blockchain' are decentralized or even need blockchain non-trivially.