People who keep touting smart contracts as "simplifying contracts" don't understand that litigating contracts is expensive because of human interpretation, not because someone forgot to write something down and get it notarized
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My 24-year-old housemate sheepishly said she hadn't bought any crypto yet and I grunted as I saved the bent paper clips from the Christmas tree decorations
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Totally agree, and 90% of what's being touted is BS. We are trying to be the other 10% at
@Hyperledger. -
You may be off by a couple decimal points. Admire your work, but I think maybe that is the other 0.1% percent, not 10%.
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(To be clear, that was truly meant as a compliment to your work. I just think it is a fairly small jewel buried in a huge pile of coal being burnt to the gods of speculation.)
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I may be underestimating the weight of the BS, but don't underestimate the volume of what we're doing.
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Is there any kind of whitepaper available to learn about the added value of Hyperledger compared with other blockchain project?
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1/ While some of your points are valid, I think you're prematurely judging "crypto"—a technology that isn't even in its final form yet, akin to judging the internet c. 1985. Hard to imagine all the possibilities that would eventually arise once the internet matured.
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2/ WRT to
$BTC, it does seem odd that 100s of the smartest minds in the world have committed over 100,000+ hours (over the past 9 years, unpaid), contributing to a project that has no actual (legal) value whatsoever. But you're probably right, they're all wasting their time…
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"It must make sense or smart people wouldn't be doing it." is a terrible argument.
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“I don’t fully understand all the possible applications of an unfamiliar and emerging technology so it must not have any value whatsoever” is likewise a terrible stance. The entire crypto space could very well crash and burn but I like to keep an open mind about these things.
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Your "I don't fully understand..." is disingenuous because she clearly states what could replace it, if you had read the tweets you are replying to.https://twitter.com/sarahjeong/status/951163994152161280 …
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Settle down. My tweet was a response to
@alexandraerin’s tweet, not Sarah’s. Like I said, best to keep an open mind about immature technology. I do remember naysayers shouting about the uselessness of the Internet in the late 80s too and look where we are now. -
Tweet indisponible
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You've drank the Kool-aid and you don't address any of the points she made. You just take issue with the negative POV. You are --self admittedly-- not very intelligent... and yet are trusting people that have a stake in you believing this garbage. Hmm. Okay.
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90% of people commentating on crypto right now don't understand it. Spend 10min thinking about impact of a global deflationary currency..
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Bitcoin isn't deflationary. That's a myth. Bitcoin deflates all the time. You don't know what deflation is: https://en.wikipedia.org/wiki/Deflation
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Supply side.. inflationary until mining ends, but still deflationary compared to other assets now.
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they have a similar lack of understanding for the systems and or institutions they aim to displace. ie notarization and land records. we'd know (
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@derose you should have her on your show -
oh look at this. I'd love to.
@sarahjeong - it's even dumber than this. The *only* reason blockchains need smart contracts is for virtue compliance with nick szabo's cypherpunk treatise. There is no application or efficiency. It merely exists for the pamp:https://chrisdero.se/2Dkxna8 -
Fucking LOL
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