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> over 0.6 million

What a peculiar way to say: 600,000


You're right. I changed it. Thanks!


After working for a while at a marketing/digital shop, the topic of crypto came up over a work lunch one day. I fell down the rabbit hole and found a nascent project with some interesting stuff on the tech side.

I saw they had a bounty program for a mobile app, I built an app alpha & claimed the bounty. The foundation running the project saw this and reached out. 6 years, 3 countries & a few wild rides later, I can't thank the guy who was crapping on crypto enough.

Edit: check out some crypto bounties here: https://bountycaster.xyz/


They never said anything about Banks.

Conceptually, a service provider utilizing Ethereum could create or aggregate on-chain services and package them in a similar format to what a bank is today with very little overhead.


Conceptually, yes. In reality, no major bank would ever do it.


I heard exactly the same said about AWS in 2009, now almost every major bank uses it. Once something is shown to be more efficient those banks are going to have to adopt it or justify their inneficiency to their shareholders.


It is already happening. ANZ, one of Australia’s top 4 banks released a Stablecoin on Ethereum earlier this year.

https://www.afr.com/companies/financial-services/anz-the-fir...


Lots of companies released blockchains and coins. It's called FOMO, or "Metoo-ism". Interpreting this (or IBM's blockchain) as signs of a significant market shift is a triumph of hope over realism.


While the Facebook driven project is dead, an open fork of Libra is currently running and being built on.

https://github.com/OLSF/libra


What would this be good for? Isn't Libra supposed to be backed by USD held by the validators in the network?


The stablecoin and the core blockchain tech are totally different things. 0L is using the blockchain tech (move language, the Rust BFT implementation, etc), and has no stablecoin -- its currency is like any other decentralized blockchain base currency.


> its currency is like any other decentralized blockchain base currency.

You did not answer the question of what is it good for. What thing is it doing that makes it important/interesting/useful/valuable?


Sorry, the gist of the question I thought was "is this not useful, _because_ it is based on a stablecoin?". I answered that question.

If you're asking what in general the Diem code, used in the 0L project, is useful for : 1. well it's technically a BFT blockchain, like Tendermint. That tech is potentially useful because it can provide a decentralized ledger like a PoW blockchain, but with significantly higher throughput and significantly lower energy use. It's arguably more advanced than Tendermint because it's written in Rust and has a native smart contract VM (move language). and perhaps 2. it's a collaborative project -- there's no sponsoring company or foundation or fund raising with a token and what not. This is attractive to some for various reasons. Bitcoin had that property and some people are interested in blockchains with new tech that share that organizational aspect.

Let me know if that doesn't adequately answer the question.


Is its performance any better? Diem was topping out at 24 tps, which is dismal for a permissioned blockchain.


0L transaction load today is quite low (see : https://0l.interblockcha.in/) so I'm not sure it's known what the current capacity is, but I'd expect this work : https://cloudflare-ipfs.com/ipfs/QmegyuTcvDJG94PaLGGErEmH6Bm... to be continued in the 0L project. Useful throughput is obviously a core feature of a BFT chain.


24 is not very good. I just want to point out that a lot of chains that report high tps are cheating in one way or another. I won’t name names but some of the “highest throughput” chains count their node synchronization messages as transactions, not transactions written to the ledger. It’s really disappointing when you understand the games they’re playing.

Real tps has to be tx written to the ledger per second. Anything else is dishonest.


Oh damn. This is awesome, will have to give it a go.


Great talk, just finished it!


Claims without citations, 5 day old account, comment history shows user is from china: not sure if I'd trust the comment.


Please follow HN guidelines and refrain from personal attack. Assume good faith and be substantive.


Honest question: what should communities do with the rise of nationalist “shill” accounts? The hard part is, it’s impossible to tell the difference between someone who’s merely a nationalist and someone who’s bought and paid for to post what amounts to propaganda, muddying the waters of discussion online. Extremely difficult problem to solve. Assuming good faith gets harder and harder as more information comes out about these “comment farms”, at times.


We have to assume good faith precisely because it's impossible to tell the difference you mentioned. If a real propagandist tells a lie, we can refute it with facts and flag the comment. But if a honest user is labelled as 'paid troll', it's almost impossible for the honest user to prove himself. And that severely poisons the discussion.


What wasn't substantive about the GP's post? It was factual to a fault.


Being substantive means replying to the actual argument instead of questioning the credibility of the person who makes an argument.


The OP started without substance while trying to smear HKers fighting for their freedom from the authoritarian CCP so why attack the person who highlights the suspicious nature of the accusers account? We live in a world of ever increasing propaganda. Pointing it out is as substantive as it gets. If anything your message is better suited for the OP. They did exactly what you are flagging the child comment for.


If you think OP is smearing, you can refute his argument with facts and flag his comment. It’s a human bias to think someone whom we disagree with has a malicious agenda. Democracy can survive the worst oppression, but will perish if we fail to conduct civilized discussion and start accusing and labeling each other when we disagree.


Calling a liar a liar is better use of time and energy than tirelessly repeating facts ad nauseam.


I know we all have an impulse to take the easy path. But please think about what if you happen to be wrong, how a person would feel if he’s labeled a liar/paid troll for having an account that looks suspicious to some, and what meaningful discussion we can have if we just call each other liars?


2nd order lies are still lies.


> An ant farting in a hurricane.

Thats a touch disingenuous. It was never meant to power the whole of South Australia. It was specifically built to mitigate the peak power price gouging [0] that had been happening the for prior 10 years.

The 6 minutes it can run for during each cycle saves millions of dollars a year. Specifically 40mil in the first year. The cost of the unit was 66 Mil [1], so thats an insane break even time for grid infrastructure.

[0]: https://reneweconomy.com.au/tesla-big-battery-powerless-to-s... [1]: https://interestingengineering.com/tesla-battery-installed-i...


Thanks for the constructive comment and plug of your product.


I'm not unwriter


Spark does pretty well for me. Nice inbox features and search functions.


FYI: Spark stores your credentials in their cloud unlike your typical email client which stores them locally.

https://www.reddit.com/r/privacy/comments/5grsan/do_not_use_...


+1 for Spark. I know there are other clients that have snooze and ‘send later’ functions, but I’ve been using Spark for a couple of years and haven’t really had any complaints.


I use spark and mostly happy, but the fact that I cannot setup inbox rules (if subject equals then trash) is a bit frustrating.


This is the main thing that keeps me on Apple Mail. In any kind of work context it's absolutely required for me, and the other alternative mail clients mostly concentrate on being pretty, unfortunately.


You can set up those in Gmail directly.


Don't use Gmail for personal.


Another Spark user here. Works great. I'm also using the iOS version.


Spark works great for me too!


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