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KasianFranks on Jan 31, next [—]. It's early days. Think Netscape. It's not so early. People have been developing apps on top of Bitcoin Blockchain for years now. Ethereum has been almost 2 and half years ago. I've been following crypto space for a long time but can't think of any blockchain app like that. NET codebase, they are not actual dapps. Think back to when people had been building websites for 2 years on the internet. It's still early days. CPLX on Jan 31, root parent next [—].

I was there, it was great. Suddenly I could access tons of information, save hundreds of dollars by sending emails instead of long distance calling, look up airline schedules, download lists of jokes, find local singles looking to mingle, browse mail order catalogs, read recipes, or order books from a small Seattle company with a huge selection. The personal real-world benefits of the www were real and obvious and constantly improving. What has the blockchain actually done for people on a daily basis?

FabHK on Jan 31, root parent prev next [—]. The WWW was developed , first software browser in , first websites went live in , Mosaic came out in , and things really exploded from on, with Amazon, Spiegel Online German weekly newspaper , Pizza Hut, The Economist, etc. Dotcom bubble was to Bitcoin white paper came out in , first software release in With comparable development, we'd have expected an explosion of usage and applications from already that didn't happen , and a bubble about to that arguably did happen.

At any rate, the WWW was super useful and was being extensively used pre- and during the bubble. You cannot say the same about cryptocurrencies. And by the way, during the dotcom bubble there were several companies, such as Flooz and Beenz, offering digital currencies. They're all defunct now.

If only they had been decentralised on the blockchain Name one use case for cryptocurrencies where they work better than existing technologies and that does not involve buying illegal stuff online.

Seriously, I must be writing a comment like this one at least two times a week lately on HN. I keep hearing "blockchain technology is here to stay, think of the possibilities! See the Diamond Coin story the other day, or that Kodak Coin thing. When you look closely you realize that the technical side of things doesn't really hold up or could be achieved using good old non-buzzword technologies. Cryptocurrencies are amazing if you want to create a ponzi scheme or buy drugs online.

For everything else there's Mastercard. Honestly the best use case is actually for the very financial services industry that the crypto community thinks they are supplanting. It's a rock solid use case that a couple of big banks have openly said they are working on.

Of course, it's almost certain that any currency they move will probably end up pegged to a fiat, so that idea doesn't give people the warm and fuzzies, to say the least. How about five? Paranoid much? In a world where someone will steal your account if you so much as look the other way, this is a good thing?

Because paying taxes is for chumps. Tell us more about those fees You want your transaction to happen when? Replace corrupt monetary policy with corrupt money. Note that these applications are strictly about actual currency. This is not a counterpoint, I'm just pointing it out because I hear many people saying that the blockchain has many uses outside of just cryptocurrencies but I have yet to hear a compelling case. In the same way I keep getting conflicting viewpoints about transactions on the blockchain.

Are they public or not? I ask because every time I point out that cryptocurrencies are a dream come true for anybody who's trying to evade taxes, launder money or corrupt politicians I always have somebody telling me that it's not true because with enough effort you can track money on the public blockchain. So which one is it? As a seller it might also be because people will be more afraid to send money to somebody without reputation. So good for Amazon but bad for the little guy selling home made socks on ebay.

Maybe you should work on fixing these weird idiosyncrasies instead of trying to find a way around them, because maybe you're being honest but I can assure you that there's a long line of thugs behind you waiting to use your "protection" scheme to evade taxes and regulations. You can't have a working government if you make taxes "opt-out". If you try to buy something from an untrusted source you'll want a 3rd party to provide arbitration.

No chargeback, remember? As for the "minimum fees" we'll see about that when some cryptocurrency is actually used "at scale" to do this.

Rich people would be able to exfiltrate their money more easily to other countries and poor people will convert their 0peso into 0BTC. I'd be really curious to read a serious study about how things would've changed in Venezuela if they had switched to BTC before the crisis. I don't really believe in magic bullets, the failings of the Venezuelan economy are multiple and go way beyond a choice of currency. I can't shake the feeling that if you put money out of the hands of the government you effectively give all the economy power to the rich people and it's effectively harming democracy.

You seem to have a very USA-centric point of view judging by your examples above so I ask you: when you look at the state of the USA and its government, do you really think "damn, I really wish rich people had more power"? Be fair. They're also useful for evading capital controls. Yes, lets. First website was launched at the end of December so less than 4. Blockchain is significantly older at this point. KasianFranks on Jan 31, root parent next [—].

And significantly more complex than a 's website having a a drastically different and unrefined business model connected to an actual trading vehicle. Try running a startup and let us know how long it takes for the average startup to start bringing in consequential revenue. It's clear there's lots of unfounded disdain for crypto among certain software engineering camps as crypto is a combination of software engineering and financial engineering which is downright repulsive to certain purists.

If you step outside of this line of thinking and understand the power of a trading vehicle and it's ability to finance operations or fund research, that might shed some new light on things. First, please do not pretend that you know me. I have neither a problem with financial engineering in principle combined with software engineering or not or cryptography as such and certainly would not describe myself as any sort of purist.

Not sure what running startups have to do with it although have plenty of experience with them too , but comparing average startup with any ICO one is disingenuous. As far as I can tell there is little to show for so far if one ignores companies not aimed at cryptocurrencies ecosystem itself. But more to the point, it has been 9 years since Bitcoin was released building on ideas that were even older.

Tech is more complicated than building website mids although probably not as much as you seem to believe , but again is not that complicated to excuse lack of compelling products. I am not saying those will not come, but "early days" is a piss-poor excuse. I do, however, dislike your use of crypto as for an old fart like me this should be used for cryptography.

Kucoin KCS. Hacker News new past comments ask show jobs submit. KasianFranks on Jan 31, next [—] It's early days. FabHK on Jan 31, root parent prev next [—] The WWW was developed , first software browser in , first websites went live in , Mosaic came out in , and things really exploded from on, with Amazon, Spiegel Online German weekly newspaper , Pizza Hut, The Economist, etc.

KasianFranks on Jan 31, root parent next [—] And significantly more complex than a 's website having a a drastically different and unrefined business model connected to an actual trading vehicle.



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StayTheFHome is an action to urge people, stay home and not spread the coronavirus. Here is what you can do cryptocurrency oriented. See what creative you can do with your Bitcoin when having home quarantine. Crypto action plans will be short and to the point so if you enjoy them you can do more research and spend time this way instead of just clicking here few links. Who knows, maybe those will be just the start of the rabbit hole? Of course we will not speak about buying bitcoin or trading cryptocurrency on Binance or Bittrex as those are obvious, we will get more creative.

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Follow us on Twitter or join our Telegram. Men accused of selling drugs on 'darknet' in exchange for Bitcoin sold the pills on darknet markets, including AlphaBay, Dream. Bitcoins allow for anonymous peer-to-peer money transfers, making it virtually cybercrime in the drug market is growing and deserves special attention. By R Broadhurst Cited by 5 purchasing drugs in crypto-drug markets stopped using these markets because of drug law enforcement action putting into question the efficacy.

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