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You mean, Blockchain is the platform and 'currency' is the first killer app?


Yeah, "killer app" means a powerful application of technology, not the technology itself. The emphasis is that cool-technology is not enough, you need to get work (or play) out of it.

A warp-drive is just a technology, but "colonizing the galaxy" is the application which will make people really use it.


The thing is, the regular payments system (plastic cards, Dollars, Euros, and other national currencies) already works very well for the vast majority of people. If you're a merchant, then you should certainly think about being able to accept payments in Bitcoin, but as a consumer I'm having difficulty thinking of an instance where I've ever said to myself 'I need some Bitcoin...'. If I was into drugs it would be convenient, I guess, but hte size of the illegal drug market :: regular commerce is pretty small, and I'd imagine drugs about the largest illegal consumer market by a long way. Other contraband markets involve much higher risk factors and are correspondingly smaller.


Why is this Show HN? Can a mod please remove it, so we can respect the other Show HNs.

"... blog posts, email signups, and fundraisers can't be tried out, so they don't count as Show HNs" (https://news.ycombinator.com/showhn.html)


You're right. Show HN is for things that can be tried out now. It's ok if people have to download an app to do that. But an email signup to get "early invites by May" does not count—it's the very thing that rule was written to exclude.

If your work isn't ready for people to try out yet, please don't put "Show HN" in the title. Once it's ready, come back and share it then. https://news.ycombinator.com/showhn.html

It's good for the community to tell us about these, since we can't notice them all. In the future, you (or anyone) are welcome to email us at hn@ycombinator.com to make sure we look at it.


I agree.. We'll soon start seeing bunch of launch rock pages in ShowHN


The difference is... they offer nothing except "we made something, sign up?!" whereas this is actually a lot different. If you read the thread, the founder is in here commenting and you can tell that there's already a working product. Polished and shiny it may not be, but this is not just empty space like most LaunchRock type pages.


First difference doesn't even count. With no offense to the founder, its easy to take part in the discussion. How can you tell that there is actually a working prototype/MVP? These wireframes can be made in proto or PSDs.


How is it a lot different? If I click the misleading "Get app" button, it shunts me down to the email capture which says that even the early subscribers won't get anything for three months.

I don't think the fact that the founder is commenting is relevant. I could chat with people about a theoretical or in-progress product quite easily.

I've flagged this submission. However much work has gone into it, GP is correct in saying that it's an email sign-up. Better for OP to wait until there is a product for people to use.


What's even worse are the people posting projects that are not their own as Show HNs. I see it all the time. Some people just think Show HN means "look what I found on the internet".


What?

> Show HN is for something you've made that other people can play with. HN users can try it out, give you feedback, and ask questions in the thread.

Which is what it is. It's not just an email sign-up. I think this is a perfect example of a good Show HN.


>> Show HN is for something you've made that other people can play with. HN users can try it out, give you feedback, and ask questions in the thread.

>Which is what it is. It's not just an email sign-up. I think this is a perfect example of a good Show HN.

Until there is more than just a website with an email signup (i.e., an actual shipping email client), then it isn't something HN users can try out or give feedback on.


Thank you for your explanation. I thought people could give feedback based on what was on the site, ask the author/creator questions/feedback in the thread. I did say it was my opinion that I thought it was a good example, but we've all got different ones!

Again, thanks for actually bothering to make an effort to let me know -- rather than the people who downvted me without bothering to explain anything. Thanks mate.


The mind is a sophisticated algorithm with a shit database. So why not replace that database by taking notes?


Not many musicians expect to make money from selling records.

It used to be "do free shows to sell records". Now it's completely reversed to "do free records to sell shows".


And that's actually been the industry's best response to it all - move the monetization to the thing you can't copy.

My concern is for authors, game designers and others for whom there is no such substitution possible.


I don't know about the gaming industry, but most authors make the bulk of their income off of speaking gigs, book signings, readings, etc.

Actually, most are unsuccessful and make their entire income off of a second job, but most successful authors make their income from the above.


Are you sure?

I know a friend who is a published, relatively successful author (makes a solid but not spectacular living from it) makes most of his money from the old fashioned business of selling actual books.


There's also a block explorer - https://helloblock.io/latest


I assume your point is to justify the fact that this page does not load if JavaScript is disabled, because the domain has a web app on it at a separate URL? It is possible to have both static document pages, viewable without JavaScript, and a web application that requires JavaScript to function.


Any word on how they were Hacked?

I know that Bitcoinica, Gavin Andresen's faucet and TradeHill all got hacked through Linode's support system a while back, in which the attacker managed to reset all their passwords.


FYI, they got into TradeHill but couldn't compromise[0] any of the user accounts because of the architecture of the site.

[0] https://bitcointalk.org/index.php?PHPSESSID=r2dliaaebhrctppc...


Not all miners are relaying OP_RETURN transactions. The plan is the use OP_RETURN once v0.9 is released.

We were hoping it would've been released before 14th Feb, however that's not the case.


BTCGuild now mines OP_RETURN - so there's nothing preventing you from using it.

EDIT: As does eligus (they have always accepted nonstandard transactions).


We were aware that some miners did mine OP_RETURN.

We do have plans to move this. We previously decided against because we felt it might take too long for the transaction to get confirmed and wanted to at least wait til there is at least 50% pool market share that mines OP_RETURN.

On second thought, we might move to OP_RETURN in the next week, I will certain evaluate this a bit more tonight.

The backup plan is still to move to OP_RETURN once v0.9 is adopted or more miners start accepting OP_RETURN


Please move to OP_RETURN ASAP. Right now, you're making money off the storage of 1000s of people like me running bitcoind, with no ability to remove your messages.

If people are really wanting something to be stored forever, is an extra hour or two really going to matter? BTCGuild is accepting OP_RETURN, along with several small outfits like Eligius, so it won't take days on end to confirm.


-- you're making money off the storage of 1000s of people like me running bitcoind

Not making any money actually. Project is open sourced too

-- OP_RETURN

Will probably move on the weekend.


Ahhhhh, but it worked so perfectly!

Oh well, thanks for the heads up :)


Yeah, Coinbase does this.


At first I thought the hex was ridiculous, but I guess it's a good PR stunt. I mean, we're all talking about it now.


The naming of bills is pretty much always a PR choice. This one is at least a bit creative instead of the "bill does totally the opposite of what the title says" trend.


Ah, the clean air act....


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