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0 pointsEGreg1y ago0 comments

I am a “crypto adherent” who champions decentralized networks and byzantine-fault-tolerant protocols, and I have been using strongly pushing for the original narrative of trustless smart contracts cutting out the middleman. I think there are many use cases for it.

Before you knock it, look at the following:

https://intercoin.app/investors.pdf

https://intercoin.app/currencies.pdf

Or if you want to see actual open source solutions, coded, see here:

https://intercoin.org/applications

I know some people will knee-jerk downvote this. But actually look into the substance, first.

TLDR: I have been speaking against “HODL” and zero-sum games just for “number go up” nonsense, and been building solutions for maximum utility.

0 comments

XMPPwocky1y ago

I think your pitch would be significantly stronger if the resources you linked didn't largely revolve around "What if Snoop Dogg had his own currency?"

I'm not ... completely unable to be persuaded that there are use cases for cryptocurrency. But "Ashton Kutcher should have Aston Kutchercoin, and develop some sort of referral-based pyramid-shaped scheme with it for his fans" is... what is that?

EGregOP1y ago

That's...

1) A way to fill unsold seats at venues, and always have sold-out events

2) A way to reward his members for spreading his message and bringing more people

3) A way to turn his audience into an army of promoters

4) A way to be independent of banks, and accept global payments

5) A way to have a global online movement that becomes bigger than Ashton Kutcher himself... having subcommunities be empowered to get together and form their own meetups, see it happen around the world, if they get large then Ashton and his crew can come and do a rock concert there

It's great for political campaigns and many movements as well. We did it for Yang's 2020 campaign for example, with "Yang Gangs", that was very early days in 2020

habinero1y ago

Ok, I'll bite. I read this and my first reactions are:

1. How?

2. Reward them with what?

3. Fans are already promoters.

4. Why is this a good thing?

5. This is just describing fandom, which already exists?

3 more replies

TeaBrain1y ago

Point 2 is the basis for a pyramid scheme.

1 more reply

miunau1y ago

Which one of those five have actually happened in reality, and to what extent?

"The American Conservative further stated that a contingent of Yang's digital followers were only backing him for "a fresh platform for surreal and cynical humor" and that Yang had to denounce part of and distance himself from the movement, which largely stemmed from digital supporters of the Trump 2016 campaign.[85]"

https://en.wikipedia.org/wiki/Andrew_Yang_2020_presidential_...

digdugdirk1y ago

Question for you - what are the most energy efficient crypto protocols that could serve as the underlying network for a distributed system? And have there been any studies that look at the total energy consumption of a system of any reasonable size using various crypto protocols?

EGregOP1y ago

Well, once you move beyond proof-of-work, the energy use drops 99%. It's not about energy, it's about bottlenecks. Blockchain has bottlenecks, and if you have one blockchain for all the apps, it's going to be either inefficient or centralized.

Back in 2017, I designed a system to avoid global consensus:

https://intercoin.org/technology.pdf

If you want to see a visual presentation that explains why we need to go beyond blockchains, then check this out:

https://intercoin.org/intercloud.pdf

1 more reply

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0 pointsEGreg1y ago0 comments

Before you knock it, look at the following:

https://intercoin.app/investors.pdf

https://intercoin.app/currencies.pdf

Or if you want to see actual open source solutions, coded, see here:

https://intercoin.org/applications

I know some people will knee-jerk downvote this. But actually look into the substance, first.

TLDR: I have been speaking against “HODL” and zero-sum games just for “number go up” nonsense, and been building solutions for maximum utility.

0 comments

XMPPwocky1y ago

I think your pitch would be significantly stronger if the resources you linked didn't largely revolve around "What if Snoop Dogg had his own currency?"

EGregOP1y ago

That's...

1) A way to fill unsold seats at venues, and always have sold-out events

2) A way to reward his members for spreading his message and bringing more people

3) A way to turn his audience into an army of promoters

4) A way to be independent of banks, and accept global payments

It's great for political campaigns and many movements as well. We did it for Yang's 2020 campaign for example, with "Yang Gangs", that was very early days in 2020

habinero1y ago

Ok, I'll bite. I read this and my first reactions are:

1. How?

2. Reward them with what?

3. Fans are already promoters.

4. Why is this a good thing?

5. This is just describing fandom, which already exists?

3 more replies

TeaBrain1y ago

Point 2 is the basis for a pyramid scheme.

1 more reply

miunau1y ago