6 ms·

I thought that one of the Hacker News commentary tenets was "Don't shit all over other peoples' work." Except if it's crypto-related? Sheesh. Jack Dorsey is a

I thought that one of the Hacker News commentary tenets was "Don't shit all over other peoples' work." Except if it's crypto-related? Sheesh. Jack Dorsey is a pretty successful fellow. He sees centralization as a real problem, and is making an effort to solve it. Antagonize all you want, Jack Dorsey is doing.

dfge 4y ago
But what is he doing? We already have many decentralised protocols for a wide range of use cases. It's unclear exactly what WebFive brings to the table that is both novel and practical.
- deleted 4y ago
  [deleted]
rnk 4y ago
When there are daily ponzi schemes full of fraudsters who take people's money and run in an industry segment, it's worthy of distrust - (latest was today's story that the celsius leaders cached out $40 mil worth from celsius before they stopped other people's withdrawals, allegedly - https://news.ycombinator.com/item?id=33109070 https://news.ycombinator.com/item?id=33109070). At least once a week there is a "someone drained $100 million plus out of xyz crypto trading system". There's a significant issue where there is a combination of too much funding, too much fraud, too much hype. Centralization can be a problem, but if someone steals my credit card number and buys things, the financial system can also help me address that.
- zeroclip 4y ago
  > When there are daily ponzi schemes full of fraudsters who take people's money and run in an industry segment, it's worthy of distrust At some point you have to untangle the ponzi and scams from the technology. We did this with the web and email already, and even Tor and the “spooky privacy web.” Most of these scams are variations on “send us your tokens and we will do X.” This isn’t the case with Jack’s proposed protocol, so where is the scam? https://twitter.com/brockm/status/1535328599200477184?s=20&t=Pkgj4l1-3N_xdhVtcE5V8A https://twitter.com/brockm/status/1535328599200477184?s=20&t...
cantSpellSober 4y ago
0 discussion of decentralized digital identity or anything related to the article. Not even meaningful criticism.
- smoldesu 4y ago
  To be fair, that's a reflection of the complete lack of technical details Dorsey has rolled out. When someone says "I'm going to save the web with Vaporware!" the correct solution isn't egging them on.
  - zeroclip 4y ago
    Are you reading the same thing I am, including their GitHub? https://developer.tbd.website/ https://developer.tbd.website/ It’s not completely fleshed out by any means but it also isn’t a complete lack of details.
  - deleted 4y ago
    [deleted]

dfge 4y ago

But what is he doing? We already have many decentralised protocols for a wide range of use cases. It's unclear exactly what WebFive brings to the table that is both novel and practical.

deleted 4y ago
[deleted]

rnk 4y ago

When there are daily ponzi schemes full of fraudsters who take people's money and run in an industry segment, it's worthy of distrust - (latest was today's story that the celsius leaders cached out $40 mil worth from celsius before they stopped other people's withdrawals, allegedly - https://news.ycombinator.com/item?id=33109070 https://news.ycombinator.com/item?id=33109070). At least once a week there is a "someone drained $100 million plus out of xyz crypto trading system". There's a significant issue where there is a combination of too much funding, too much fraud, too much hype. Centralization can be a problem, but if someone steals my credit card number and buys things, the financial system can also help me address that.

zeroclip 4y ago
> When there are daily ponzi schemes full of fraudsters who take people's money and run in an industry segment, it's worthy of distrust At some point you have to untangle the ponzi and scams from the technology. We did this with the web and email already, and even Tor and the “spooky privacy web.” Most of these scams are variations on “send us your tokens and we will do X.” This isn’t the case with Jack’s proposed protocol, so where is the scam? https://twitter.com/brockm/status/1535328599200477184?s=20&t=Pkgj4l1-3N_xdhVtcE5V8A https://twitter.com/brockm/status/1535328599200477184?s=20&t...

cantSpellSober 4y ago

0 discussion of decentralized digital identity or anything related to the article. Not even meaningful criticism.

smoldesu 4y ago
To be fair, that's a reflection of the complete lack of technical details Dorsey has rolled out. When someone says "I'm going to save the web with Vaporware!" the correct solution isn't egging them on.
- zeroclip 4y ago
  Are you reading the same thing I am, including their GitHub? https://developer.tbd.website/ https://developer.tbd.website/ It’s not completely fleshed out by any means but it also isn’t a complete lack of details.
- deleted 4y ago
  [deleted]