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RE: Layer 2 Smart Contracts - Let's Talk

in Threespeaklast year

Smartcontracts can be massive, so trying to cram all that custom data into blocks just seems well, dumb. Blockchain bloat should be avoided at all costs, keep it light and nimble.

Hive has almost everything we need for this allready. Free transactions and full confirms in 3-sec or less being a huge part of that (ETH, LOL). Once smartcontracts, recurring/automated transfers and ACCS with other fast chains is done, and trustless, imo Hive really has the foundation to replace the entire current economic system.

If you want to hide money, then use XMR or Oxen or something. For me, I prefer the transparency of Hive as a currency because for example, when I pay my monthly homeowner's dues, I want to see exactly what they are spending our money on. Everything in my community here needs to be audited on a regular basis (what are the gardeners, pool boys, cleaning staff, maintenance guys and department heads doing with our money). The employees themselves should be able to see if they're getting screwed or not.

Transparency is the ultimate truth machine.

You "raise your hand" to "signal to the network".. I love that analogy because it perfectly states what an EFFICIENT network like Hive will do. Keep your dapp/app lightweight, and it only bothers the network when it absolutely needs to.

"You can't write theory about a gym, if you've never been in a gym" - Spot on.

I love these tech ramblings, you bring up points that most crypto people are afraid to talk about because they fear retribution from whales, the maxis, "alt"-coiners or whatever. When opinions become "hate speech", we've lost. We must say and DO what is necessary to render their current construct obsolete. #countereconomics