philippz

yeah but all you'll cause with this is spam and they open doors will close. let founder do the work and figure it out themselves.

great, this helps no one

Couldn't even tell the difference between brokerage and prime brokerage until I corrected it - yikes, I found that pretty annoying. I needed to correct him on something so basic and context-less.

Reminds me a bit of FOAF https://en.wikipedia.org/wiki/FOAF

I honestly believe this is a great idea and of course you can make it opt-in and opt-out but it should be a default or enforcable by repo-owners.

https://li.fi

Multi-Chain Trading API across 60+ Blockchains (swapping and bridging / any-to-any)

We should probably copy this whole thing to IPFS and put it on chain

Uff, reducing crypto as an asset class down to Bitcoin is "so 2005". Honestly, what's even the point here when doing so?

Stable-Coins are the first crypto product with global product-market-fit and real economic impact. That's just to start with.

Please take a look at Ethereum and adjacent tech (L2s, L3s).

* "Stopped Sharing on Social Media and no one cares" * Was only posting on Mastodon

...yeah, surprise

same here

https://philippzentner.com

unless you're saying that all these applications require a zero-trust source of truth.

Not all of them, of course. It's not a wonder child that aims to solve all of humanity's problems. It'll bring humanity closer, though and make it more efficient in many ways. People always try to look so narrow at it.

There are plenty of use cases and attributes (permissionlessness, immutability, zero-trust sources, etc.), and of course, not always all of these count all the time or are even desired. But it allows us to have and apply those as needed in an interoperable way.

It is hard to comprehend what it'd mean to have the world connected via distributed ledgers that provide transparency and would be able to automate a lot of what we do to a much higher degree.

We're not running in circles.

Businesses aren't built around this technology because it's not advantageous to use it in a legally compliant environment.

This is just one of the reasons. The technology is also not scalable and abstracted enough yet. No one is pretending anything here.

Which other systems? Databases?

But what sets append-only databases apart from pen and paper?

I just gave some examples. Tech is early, and the businesses around this new environment still have to be built. It's kind of a chicken-and-egg problem.

It's very early, as I stated in another answer on the same comment here: https://news.ycombinator.com/threads?id=philippz#34479955

But this is only because businesses have yet to be built around this technology. These things will change. We are super early. We should not build these use cases everyone is asking for right now. The tech is still early and has to figure out many things. There is a lot of innovation happening on the base- and interoperability level, and it needs a lot more abstraction (e.g., network and account abstraction) to make things more usable.

Standardization also plays a huge role, and yes, in many ways, it's a technological chicken-and-egg problem whereby systems have to work with each other and the chain in a way that makes intermediaries as obsolete as possible.

The transfer speed of money or the general transaction speed - well, that's something that is being solved as we speak. These systems (e.g. Ethereum) have to mature, and many ways are being explored, using known principles like separation of concerns, e.g., separating settlement, execution, and data layers - but in a decentralized manner.

The public and many entrepreneurs need to understand how early this tech is and rush use cases that don't add value as of now. You must go deep and understand that this has to grow from the bottom up.

https://news.ycombinator.com/item?id=34478626#34479520

* Insurances (e.g. your travel insurance) are contracts. They should be digital, standardized, on a public ledger, so that I can travel anywhere and prove that I have one instead of having to bring, a fakeable piece of paper.

* If I resell my phone, transfering the remaining guarantee and/or insurance should be nothing else then a transaction. On the blockchain that's 10x more efficient than the status quo.

* If an artist sells his art the first time for $10, and the person resells it for 10000$, then the artist should be compensated too. Royalty mechanisms can solve for that and avoid secondary markets or at least create a more beneficial secondary.

There are an endless amount of examples which will make a lot of things more efficient, transparent and enforce standardization on a global level. Long way to go, but absolutely worth it.

Eh no, I'm giving you, step by step, a reason why we need blockchains.

Because the question needs to be revised. It is not about what you can do with an append only database vs. blockchain. That's not reflecting its purpose.

Without giving you a monologue, I'll give you some food for thought in a very few statements.

1. The internet you know today allowed people to connect and share information globally.

2. Over the years, we've found value in digital things and may, thus, call them assets: e.g., data, media, and information/knowledge.

3. We have no way to deal with digital assets, which has implications and inefficiencies. DRM was a symptom & soft way to deal with this problem.

4. While the internet connects globally, it is not made to reflect ownership on a global level. Real ownership either doesn't exist or is not transparent. And while privacy is important, ownership should at least be cryptographically provable.

5. Blockchains do not aim to replace the internet or your database; they are a layer on top of the internet, giving us a new foundation to rethink and rebuild how we deal with digital value creation.

In some way, it will bring humanity closer on a global level.

On top of that, there are many philosophic, societal, and idealistic ideas. A lot of them require or trigger a systemic change—many of them we might never see happening, at least not in our lifetime.

If you want to learn more, you need to dig in.

It's going in the right direction, finally, people are starting to stand up.

Another tip here: Upwork can help kickstarting this.

Congrats, man!

We're also facing hard issues every now and then and then you face things like strong competition that can make you nervous at times (depending of the scale of your industry), but having suffered more personally in the past in this context, just helps to face these things today much easier.

Yes, exactly. You'll be surrounded by succeeding and failing people, and you'll see patterns in decision making, execution and (in)valiations. It helps tremendously. Also, I'm feeling very confident in my position and execution because I've suffered enough over the past years. So current challenges feel much easier.

No, my own company, started last year in April during a Hackathon and then got a first seed round started in July, closed in October. Currently even able to do a massive Series A, despite market conditions. From the 40 people, >50% are developers.

Freelancing and I had a co-founder (also technical) all along with whom I worked very closely in terms of survival. E.g. sometimes he was freelancing for the both of us while I was networking, researching, and evaluating opportunities.

Having a co-founder that is complementary to your personality and skill-set is highly valuable. We've been working together for 10 years now.

You got a lot of good advice here. So I'll keep it short. I'm 32 now. I spent my last 12 years building companies. They all failed; I didn't earn a penny, and I didn't even get venture capital, and it made me feel like a failure. And I'm talking serious attempts. 6 years, 2 years, 1 year and in between a lot of research & freelancing to evaluate other ideas.

I'm leading a 40 people team, and it's going well. How did I get there? By chance. Another hackathon resulted in the right industry at the right time.

But also 12 years of exercise in pitching, structuring information, data, setting up on organization, addressing all kinds of different technologies and all of that.

You are learning so much and you feel treated unfairly by not being able to show it off. Keep on going. Maybe go back to work for 10-12 months for some stability and to take a break, but then try again.

Can second Photon Engine. Great team with a lot of experience on this