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rodiger

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Android XR 2 years ago

I don't think most consumers are familiar with the iPhone XR. They know iPhone, and maybe iPhone X, but I don't think the naming will be an issue here.

This doesn't support your assertion- in fact it does the opposite. The definition(s) of inflation has changed over time. That does not make the current definition(s) less correct

Ideal condition speed vs congestion speed is a different thing- I'm not suggesting they don't face the standard scaling bottlenecks, but it is also true that under similar congestion conditions, the network will run faster as hardware improves.

SQL databases also run slower under high load, which is totally independent of faster hardware allowing for faster databases vs the baseline

Re: independent verification, I agree with you. It's not a great tradeoff. I'm not here to shill Solana as a panacea or anything of the sort, just pointing out clear inaccuracies from the OOP.

The "1-2%" number the author repeatedly cites is misleading at best. These fees do not scale with the amount transacted. BTC tranfers are currently ~$0.80 whether you're moving $1 or $100k, which is a unique feature.

SQL databases will continue to get faster as hardware speeds up - but blockchains only tend to get slower, as the volume of transactions grows.

This is also misleading, as there are systems like Solana which prioritize speed of confirmation, and do indeed get faster as hardware speeds up. It also allows for sub-cent fees (again, not based on a percentage of the amount moved).

Cash grab from their VCs is probably more accurate... I have zero doubt some incredible engineering has gone into the product.

However, from what I can tell they were searching for a problem to solve instead of coming with a distinct, compelling, articulable vision of what they wanted to build

Apple Music Sing 4 years ago

Total speculation, but maybe Apple focus grouped it and saw karaoke has some corny/cringy implicit associations so they wanted some distance

Our Take on NFTs 5 years ago

I don't think they're useful to most people right now (or maybe ever), but there are some cool things in DeFi that are normally reserved for large institutions/not possible in traditional finance:

1. Being a liquidity provider to get a cut of exchange fees (https://docs.uniswap.org/protocol/concepts/V3-overview/conce...)

2. Flashloans for arbitrage (https://aave.com/flash-loans/)

3. Autonomous governance for protocol updates (https://compound.finance/governance)

4. Decentralized perpetual contracts (https://www.perp.com/)

5. Decentralized mutual insurance (https://nexusmutual.io/)

Many/all of these depend on speculation to derive value, but there's added value nonetheless

Our Take on NFTs 5 years ago

Individual companies/orgs can confer rights to holders through their T&Cs, but that's revocable and hard to prove. For example: https://boredapeyachtclub.com/#/terms BAYC gives full commercial rights to holders.

Would be really interesting to actually see that challenged in a court.

Our Take on NFTs 5 years ago

Yeah I agree. Though seems pedantic to imply blockchains aren't useful because they're "just" composed of cryptographic primitives. Shared state under potentially-adversarial conditions isn't an easy thing to achieve, and has usecases for which other P2P networks aren't sufficient.