samwilliams
Joined 15 years ago
Karma
608
Submissions
140
Member since
Dec 15
Recent submissions
Comment · 1 day ago
Ha! I literally built that last week: https://molecule.arweave.net/#/bugcraft
Comment · 1 day ago
Infrastructure is an FPS now.
Comment · 4 years ago
Helpful article providing a less dense overview:
https://www.sciencealert.com/hoyle-wickramasinghe-thesis-com...
Comment · 5 years ago
Put aside for a moment the name for the 'scheme' and consider the mechanism design differences between USD and Bitcoin:
- USD is needed in order to pay taxes on the US, but can be printed arbitrarily by a centralized mint.
- Bitcoin has no fundamental demand driver, but does have a truly capped supply.
Why is it so obvious that USD is a preferable scheme?
Comment · 5 years ago
I think the reference to retirement funds is in relation to the fact many of them are under collateralized. They need to take new investor's money to pay out old investors.
Some more background here:
https://www.google.com/amp/s/www.wsj.com/amp/articles/an-ohi...
The situation is pretty extreme. To be honest, these really _do_ look like Ponzi schemes.
Comment · 5 years ago
That first link is an incredible rabbit hole. Thank you for sharing.
Comment · 5 years ago
Whistleblower that spoke to WSJ.
Comment · 7 years ago
Hey dweller!
That isn't the mechanism. What happens instead is akin to an endowment for payment of storage. An outline is found here:
https://www.arweave.org/faqs.html#what-is-a-storage-endowmen...
And the paper has the full details:
Comment · 7 years ago
Thanks for the comment @blacksqr!
This calculator is outdated -- the current price of storage oscillates around $0.01/MB. The maximum single chunk size is also 10MB now, and you can send as many chunks as you like.
Comment · 7 years ago
A community member built a blogging platform on our permanent, decentralised web (Arweave) today. You might want to check it out:
https://arweave.net/egqLRAbESk4BvrPZGwNM-koJZZU3_xYRb_G9-CYC...
Full disclosure: I started the Arweave project.
Sam
Comment · 9 years ago
I think the HN crowd has always been interested in this sort of stuff? It certainly has since I started reading it (~7 years ago). One of the things that I like about HN is that we are not completely inward looking.
From the guidelines:
> On-Topic: Anything that good hackers would find interesting. That includes more than hacking and startups. If you had to reduce it to a sentence, the answer might be: anything that gratifies one's intellectual curiosity.
> Off-Topic: Most stories about politics, or crime, or sports, unless they're evidence of some interesting new phenomenon. Videos of pratfalls or disasters, or cute animal pictures. If they'd cover it on TV news, it's probably off-topic.
You could certainly say that a BBC group being forced to sign a confession for attempting to conduct an interview 'gratifies one's intellectual curiosity' about the world, but it could certainly fall under 'Most stories about politics, or crime', too.
Either way, as you point out, once a post has over 100 points you probably have your answer!