micropayments should come as a service in the background, Like sponsorship or even better you receive an NFT emoji for "donation" and with that, like an online ticket. This can include a fee for infrastructure.
But I think overall the user experience should be like youtube, with fees people avoid it. Better or not. So there must be a new way to earn (infrastructure + content creator). IMO that can be Nfts + SMts.
Also, there must be a way to included "sponsorships" in a transparent way.
Not like WEB2 everything is a lie. Advertisement is not bad as long people see it is an advertisement.
If this would become a new standard, it would improve also the world. Sounds stupid, but it would be less boom and bust in products and stupidness :)
I wouldn't mind watching ads if I knew it supported the communities I was involved in. My new term is NFT emoji everything. NFTs are fun, communities are fun, earning tokens is fun, wrap them all together and you have something neat. NFT emojis are a big fascination of mine and I want to get that out to market asap.
“Incentivizing the infrastructure”? I love how you wrap your head around this stuff. We need to get you some more interviews.
I’ve been doing my part in a way that I haven’t seen done yet, growing an engaged following on Twitter and occasionally dropping information and incentives to get people curious. Building my Cross Culture community here and there and guiding them over that bridge.
Funny thing is, I try NOT mentioning Hive by name and sure enough people are reaching out me to ask “where are you blogging? It sounds amazing!”
3speak tokenization will make this a lot easier! I’m also meeting a lot of people working hard to build YouTube followings now (mostly language learning related).
Booted for a year? Are you back on Twitter? Love your rambles man
Nice! That is the idea, make this place so cool you don't need to mention it by name, people will be asking you how to join!
Ya I was booted for a year on Twitter, no reasons given. Now that I have my account back I'll keep spreading my understanding of web3 and the good word on Hive.
I was watching Vitalik on the bankless podcast yesterday, talking about the coin voting paper he wrote a while ago. The main argument against dPOS is the number of nodes. Him and the two interviewers kept talking about how important it is for anyone to have the option to run a blockchain node that can read and write.
What they don't understand is that is possible on hive. The cost for layer 1 node is now very low. Hivemind is a layer 2, and API nodes are not necessary. The blockchain itself is cheap to run, because there's nothing in it.
People have in mind the EOS model with smart contracts on layer 1, or Steem where Steemit the app had to be on all nodes (pre-hivemind). They think dpos = 20 nodes.
They don't understand we flipped the model on its head, moved everything to layer 2, and now the easiest layer 1 to attach to is Hive.
Nice going to listen to this. While I don't agree with what Vitalik says in some areas I do value his input greatly. The "many node" argument is a fallacy and has proven time and time again to have the same results. PoS leads to staking pools, which is just a very inefficient way to do DPoS. Also, token distribution is far more important than node count. While more nodes is overall better in DPoS, (having many backups ready) there is a point where it exhausts. PoS, having lots of nodes means having lots of low quality nodes. It's chaos where there does not need to be.
I'll give the podcast a listen see if I learn anything new.
I agree for API nodes and validating nodes. dPOS has 20 validators, but it is entirely possible and affordable to run a hive node to read and write without being a top 20 witness.
So the argument doesn't even attack hive, it just attacks a bad version of dPOS that existed with EOS.
I'll give the podcast a listen see if I learn anything new.
It wasn't very interesting, his paper went more in depth.
Ah I understand now. He was referring to full nodes. Hive is one of the most efficient and cheapest full nodes to run. So you're right that isn't a knock on Hive, mostly for layers ones that have smart contracts baked in, that's why layer two smart contracts are better.
Validators, you'll see a handful of staking pools on PoS, DPoS forces decentralization in node count on the free market, which is good you need parameters, you see it elsewhere IE BTC 1mb blocksize etc.
I'm waiting for the announcement that he puts funds into bridging to Hive and using it as a layer2 for payments on ETH. I don't think rollups will be enough alone, and centralized layer twos are about to be "regulated"
Validators, you'll see a handful of staking pools on PoS, DPoS forces decentralization in node count on the free market, which is good you need parameters, you see it elsewhere IE BTC 1mb blocksize etc.
Yes exactly. It's unlucky that Vitalik was proved right about voting cartels forming on EOS, now the bad rep for dPOS stuck... In the end time and adoption solve everything, people will slowly change their mind about dPOS if they see hive doing well over and over again.
I'm waiting for the announcement that he puts funds into bridging to Hive and using it as a layer2 for payments on ETH. I don't think rollups will be enough alone, and centralized layer twos are about to be "regulated"
Definitely agree about layer 2s being regulated. I still don't fully understand zk rollups. People seem to assume that ZK rollups don't compromise decentralization, which is weird. How would that be even possible?
The initial set up of ZK-Rollups promotes a centralized scheme (see Security Considerations)
The security scheme assumes a level of unverifiable trust
Unless I fundamentally misunderstand something, the second point is a killer. Saying ZK rollups make no compromise for scalability is like saying the lightning network has the same security and decentralization as Bitcoin.
It doesn't make sense, otherwise the layer 2 wouldn't even need to exist. But the reputation sticks again.
From my non dev understanding, the ZK rollup (vitaliks favorite kind) takes the data, breaks it down to the "answer," and gives a proof which is very tiny, 16MB or something like that, because it just gives the answer without the question itself needed. That's why it's called zero-knowledge proof because you're trusting that they are giving you the right answer. Vitalik alls this "magic," so if it's magic to him, it might as well be some alien to me.
However, you're right; these do not promote decentralization directly. One could say that adding less data to the chain makes it eth more decentralized in terms of being able to run a full node easier etc. But the kicker is to do a zk proof is more comp intensive than just making the smart contract outright. So you'll have onramps with their own native tokens (sigh, more premines), and you'll need to pay them in said token to do that proof for you because no one is giving out free resources. It will still have a glass fee to post to the chain.
This also includes trusting that this person is giving you correct proof, so there will need to be some form of degov involved in selecting the trusted validators. So you almost get a dpos scheme right there as you're ordinary eth goer isnt going to be doing zk rollups themselves.
This also includes trusting that this person is giving you correct proof, so there will need to be some form of degov involved in selecting the trusted validators. So you almost get a dpos scheme right there as you're ordinary eth goer isnt going to be doing zk rollups themselves.
Exactly, that's my point, you still need another layer of consensus, so ZK rollups are not really that magical solution that has no compromise. The consensus is not as secure or decentralized as ETH itself, it has the same disadvantages as other Layer 2s
happened to me, but i was just a kid at the time. Inflation peaked at a monthly rate of 313 million percent. can only thank my parents hustle for never being hungry in those years. also living in a village helped.
I'm glad I took the time to listen to this very inspiring podcast!
I've always been excited about Hive and have always had a goal to keep accumulating it. Every year that went by, I had more than the last year. I'm giving it my best and I know I've made mistakes but I'm learning and I'm in it for the long haul. It's very satisfying to be able to reward others with an up vote, and my goal is to keep the value of my up vote growing over time, so I can better help others.
Looking forward to everything coming in Hive and the SPK Network!
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Lol @theycallmedan made an Ijaw mistake on how he pronounced teenager...
That comment about Justin Sun making the blueprint on what not to do is toooooo funny!!
I really felt that quote that you said that if you are in the jungle you don't complain about the tigers, you go in with a spare and a shield... it's so true
You need to upvote those who are powering up!! that is the truth
Is there an actual Lite Paper for any of the three tokens involved? Trying to find this Lite paper is like trying to find out who Q is. Can more effort be put towards including this elusive Lite Paper in these posts about one of the more confusing proposals that is being pumped on Hive and for tokens not available for purchase?
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micropayments should come as a service in the background, Like sponsorship or even better you receive an NFT emoji for "donation" and with that, like an online ticket. This can include a fee for infrastructure.
But I think overall the user experience should be like youtube, with fees people avoid it. Better or not. So there must be a new way to earn (infrastructure + content creator). IMO that can be Nfts + SMts.
Also, there must be a way to included "sponsorships" in a transparent way.
Not like WEB2 everything is a lie. Advertisement is not bad as long people see it is an advertisement.
If this would become a new standard, it would improve also the world. Sounds stupid, but it would be less boom and bust in products and stupidness :)
I wouldn't mind watching ads if I knew it supported the communities I was involved in. My new term is NFT emoji everything. NFTs are fun, communities are fun, earning tokens is fun, wrap them all together and you have something neat. NFT emojis are a big fascination of mine and I want to get that out to market asap.
“Incentivizing the infrastructure”? I love how you wrap your head around this stuff. We need to get you some more interviews.
I’ve been doing my part in a way that I haven’t seen done yet, growing an engaged following on Twitter and occasionally dropping information and incentives to get people curious. Building my Cross Culture community here and there and guiding them over that bridge.
Funny thing is, I try NOT mentioning Hive by name and sure enough people are reaching out me to ask “where are you blogging? It sounds amazing!”
3speak tokenization will make this a lot easier! I’m also meeting a lot of people working hard to build YouTube followings now (mostly language learning related).
Booted for a year? Are you back on Twitter? Love your rambles man
Nice! That is the idea, make this place so cool you don't need to mention it by name, people will be asking you how to join!
Ya I was booted for a year on Twitter, no reasons given. Now that I have my account back I'll keep spreading my understanding of web3 and the good word on Hive.
🔥 Glad you are back. I will keep my eyes out for some good new 3speakers
I was watching Vitalik on the bankless podcast yesterday, talking about the coin voting paper he wrote a while ago. The main argument against dPOS is the number of nodes. Him and the two interviewers kept talking about how important it is for anyone to have the option to run a blockchain node that can read and write.
What they don't understand is that is possible on hive. The cost for layer 1 node is now very low. Hivemind is a layer 2, and API nodes are not necessary. The blockchain itself is cheap to run, because there's nothing in it.
People have in mind the EOS model with smart contracts on layer 1, or Steem where Steemit the app had to be on all nodes (pre-hivemind). They think dpos = 20 nodes.
They don't understand we flipped the model on its head, moved everything to layer 2, and now the easiest layer 1 to attach to is Hive.
Nice going to listen to this. While I don't agree with what Vitalik says in some areas I do value his input greatly. The "many node" argument is a fallacy and has proven time and time again to have the same results. PoS leads to staking pools, which is just a very inefficient way to do DPoS. Also, token distribution is far more important than node count. While more nodes is overall better in DPoS, (having many backups ready) there is a point where it exhausts. PoS, having lots of nodes means having lots of low quality nodes. It's chaos where there does not need to be.
I'll give the podcast a listen see if I learn anything new.
I agree for API nodes and validating nodes. dPOS has 20 validators, but it is entirely possible and affordable to run a hive node to read and write without being a top 20 witness.
So the argument doesn't even attack hive, it just attacks a bad version of dPOS that existed with EOS.
It wasn't very interesting, his paper went more in depth.
Ah I understand now. He was referring to full nodes. Hive is one of the most efficient and cheapest full nodes to run. So you're right that isn't a knock on Hive, mostly for layers ones that have smart contracts baked in, that's why layer two smart contracts are better.
Validators, you'll see a handful of staking pools on PoS, DPoS forces decentralization in node count on the free market, which is good you need parameters, you see it elsewhere IE BTC 1mb blocksize etc.
I'm waiting for the announcement that he puts funds into bridging to Hive and using it as a layer2 for payments on ETH. I don't think rollups will be enough alone, and centralized layer twos are about to be "regulated"
Yes exactly. It's unlucky that Vitalik was proved right about voting cartels forming on EOS, now the bad rep for dPOS stuck... In the end time and adoption solve everything, people will slowly change their mind about dPOS if they see hive doing well over and over again.
Definitely agree about layer 2s being regulated. I still don't fully understand zk rollups. People seem to assume that ZK rollups don't compromise decentralization, which is weird. How would that be even possible?
From Eth Hub :
Cons:
The initial set up of ZK-Rollups promotes a centralized scheme (see Security Considerations)
The security scheme assumes a level of unverifiable trust
Unless I fundamentally misunderstand something, the second point is a killer. Saying ZK rollups make no compromise for scalability is like saying the lightning network has the same security and decentralization as Bitcoin.
It doesn't make sense, otherwise the layer 2 wouldn't even need to exist. But the reputation sticks again.
From my non dev understanding, the ZK rollup (vitaliks favorite kind) takes the data, breaks it down to the "answer," and gives a proof which is very tiny, 16MB or something like that, because it just gives the answer without the question itself needed. That's why it's called zero-knowledge proof because you're trusting that they are giving you the right answer. Vitalik alls this "magic," so if it's magic to him, it might as well be some alien to me.
However, you're right; these do not promote decentralization directly. One could say that adding less data to the chain makes it eth more decentralized in terms of being able to run a full node easier etc. But the kicker is to do a zk proof is more comp intensive than just making the smart contract outright. So you'll have onramps with their own native tokens (sigh, more premines), and you'll need to pay them in said token to do that proof for you because no one is giving out free resources. It will still have a glass fee to post to the chain.
Thank you, great explanation!
Exactly, that's my point, you still need another layer of consensus, so ZK rollups are not really that magical solution that has no compromise. The consensus is not as secure or decentralized as ETH itself, it has the same disadvantages as other Layer 2s
happened to me, but i was just a kid at the time. Inflation peaked at a monthly rate of 313 million percent. can only thank my parents hustle for never being hungry in those years. also living in a village helped.
and printing all this money is a bit scary.
I'm glad I took the time to listen to this very inspiring podcast!
I've always been excited about Hive and have always had a goal to keep accumulating it. Every year that went by, I had more than the last year. I'm giving it my best and I know I've made mistakes but I'm learning and I'm in it for the long haul. It's very satisfying to be able to reward others with an up vote, and my goal is to keep the value of my up vote growing over time, so I can better help others.
Looking forward to everything coming in Hive and the SPK Network!
I'm only a few minutes into the video but since you mentioned unlimited-money-printing I had to share the following clip by The Crypto Rodeo Show:
Bitcoin PUMP Explained PERFECTLY By Dragon Ball
~~~ embed:1440469552354107392 twitter metadata:S2VubnlDcmFuZXx8aHR0cHM6Ly90d2l0dGVyLmNvbS9LZW5ueUNyYW5lL3N0YXR1cy8xNDQwNDY5NTUyMzU0MTA3MzkyfA== ~~~
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
I like that name HAPPS "dapps on hive" Lets name them like that.
Lol @theycallmedan made an Ijaw mistake on how he pronounced teenager...
That comment about Justin Sun making the blueprint on what not to do is toooooo funny!!
I really felt that quote that you said that if you are in the jungle you don't complain about the tigers, you go in with a spare and a shield... it's so true
You need to upvote those who are powering up!! that is the truth
Damn, I want to be a fly on the wall when the 100,000,000th Hive account comes online.
You might be considered a whale in the ocean when that day comes.
Is there an actual Lite Paper for any of the three tokens involved? Trying to find this Lite paper is like trying to find out who Q is. Can more effort be put towards including this elusive Lite Paper in these posts about one of the more confusing proposals that is being pumped on Hive and for tokens not available for purchase?
found it! took a while.
https://hive.blog/hive/@spknetwork/spk-network-light-paper
Just check the website SPK.network. It’s on there too if page pretty much x
It's great to see how Hive blockchain in SPK network are evolving to make user experience more easy & enjoyable
Thanks for the share sir.
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STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
I like your uploud
I dont now the answer
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this photo is amazing ! 🤠
this photo is amazing ! 🤠