It's fairly easy.
It's fairly easy. In fact there's a website where you pay $50 and plug in some numbers (like annual inflation, block mining times, which hashing algorithm you want etc) and they generate the code for you, which is just a github fork with some of the numbers changed. Then you literally run the code on your computer and you've started your own cryptocurrency. No joke that's it. It's the reason why people think crypto will be so resilient because it's just code anyone can run, distributed like torrent technology and hard to take down. What gives it value are network effects, mostly. If you created a superior facebook today, it just wouldn't take off. Look at Google+, perhaps not superior but, the network effects just aren't there even when they on-boarded hundreds of millions of users semi-automatically. There's just no reason to go to a platform where you have 0-3 friends and leave a platform where you have 250 friends. Similarly with currency, there's no reason to buy a currency that only 250 merchants accept worldwide (the closest one being 80 miles away), over e.g. the dollar. Bitcoin is the first big exception but it's clear it's struggling with adoption, there's maybe 2m users at most because there's only about 100k merchants taking it, less than 1%. But that's a million times better than any other cryptocurrency.
Posted by IkmoIkmo on Aug 6, 2014, 11:15 AM
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Raise real-world problems, find people facing the same issue, and discuss solutions.9,000 issues0 comments
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I can't recall who said it, but "The biggest problem with golden ages is that you never realize you're in one until it's over".
[BUG] No response from API error when Advisor is triggered
I thought the general premise is that humans can't form social groups bigger than around ~200.
great, now can we convince the rest of the internet to start adding AAAA records and ipv6 endpoints for things.
> It's only with the emergence of whiny, persnickety Unix devs who refused to leave the comforting embrace of their editor of choice that...
Contrary to some other comments: no, IPV6 hasn't taken over the world at all.
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It's fairly easy.
It's fairly easy. In fact there's a website where you pay $50 and plug in some numbers (like annual inflation, block mining times, which hashing algorithm you want etc) and they generate the code for you, which is just a github fork with some of the numbers changed. Then you literally run the code on your computer and you've started your own cryptocurrency. No joke that's it. It's the reason why people think crypto will be so resilient because it's just code anyone can run, distributed like torrent technology and hard to take down. What gives it value are network effects, mostly. If you created a superior facebook today, it just wouldn't take off. Look at Google+, perhaps not superior but, the network effects just aren't there even when they on-boarded hundreds of millions of users semi-automatically. There's just no reason to go to a platform where you have 0-3 friends and leave a platform where you have 250 friends. Similarly with currency, there's no reason to buy a currency that only 250 merchants accept worldwide (the closest one being 80 miles away), over e.g. the dollar. Bitcoin is the first big exception but it's clear it's struggling with adoption, there's maybe 2m users at most because there's only about 100k merchants taking it, less than 1%. But that's a million times better than any other cryptocurrency.
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