2,279 karma · joined June 18, 2010
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[ my public key: https://keybase.io/mhluongo; my proof: https://keybase.io/mhluongo/sigs/9iBr7QeUmJlomoIxa9FC7r17WULRL6mcZ3hQjG0TSNQ ]
You always need a way to hold nodes accountable in a system like this, or it'll be rife with manipulation — because there's already a strong, innate incentive to manipulate results. Today, we call that industry "SEO".
Rather, a common belief is that over a long time horizon, the debasement of USD will hurt buying power, and that BTC and friends will benefit from that.
Not such an oddball belief if you look at the change in the value of a dollar over the last century.
Probably should default to "I don't know why someone would do that, but they probably have a good reason I can't think of" when we're discussing taking away their liberty.
FTFY.
Remember many on this site are partially responsible for the ad-ridden web and a proliferation of all sorts of spyware.
OTOH, we wouldn't skewer someone for charging for yet another toy SaaS and posting a Show HN, so... let's be a little more balanced.
Look into Mina or Zcash to better understand what I mean. Off-chain clients (eg, wallets in Zcash) keep the application state, and the state committed to the chain is just the proof that the application state is following an agreed-upon state transition function.
Relying on hashing, computation proofs, etc are ways to asymmetrically enjoy the benefits of global coordination without requiring all nodes in the network to run the code. Instead, they just verify the receipts of off-chain agents who ran the code.
On-chain verification is the ideal though. On-chain computation is incredibly expensive and wasteful.
[0] - https://dune.com/pricing [1] - https://www.nansen.ai/plans
I don't think cryptographers believe it's a "make believe concept", at least not the ones I know.
> Sure, but when someone says "your data is encrypted" usually that means it's going to a cloud server somewhere
This says a lot about the health of surveillance capitalism today, not gonna lie.
I agree open source and local-only are great! Defense in depth is ideal
Flo isn't. Clue isn't. Most apps women actually use aren't. HealthKit is cool, but we need apps that aren't sending data home *and* that solve common menstrual needs, and Apple's stuff barely scratches the surface.
My partner, a menstrual health advocate, decided to do something about it. She's launching a local-first, encrypted period tracking app later this summer [0].
We'd love feedback as the beta goes live!
[0] - https://embody.space
Some of the good coaches are multi-exit former CEOs. They use coaching as a way to angel invest and still be involved in early companies.
I'm sure there are plenty of inexperienced coaches with poor results... but I know at least a handful that are great.
Ding ding ding.
I'm sure there are plenty of scammers and generic self help people, but a good exec coach is invaluable. You can get help and feedback on things as a CEO that are really difficult to get from your own company, leadership team, or investors — because the coach works for you, and the explicit goal is to make you better. Think how to better manage, how to raise, dealing with personality issues, org structure and pivots.
Try doing that with your board or investors (what if they think I'm bad at my job and fire me, or don't invest in my next round?) or your team (what if they lose faith in me?). A confident, experienced leader might not need this sort of help, but I highly recommend it for newly funded startup CEOs past 5 people.
I can certainly imagine why a country with a history of poorly managing their own currency (and that for whatever reason doesn't want to be aligned to USD) might choose to use a more "neutral" fixed supply currency.