News for hackers. Stuff that matters.

A comment on Launch HN: Hexel (YC W18) – Create a cryptocurrency for your community. Parent comment

Re:Launch HN: Hexel (YC W18) – Create a cryptocurrency for y... by kej on Friday March 16, 2018 @05:43PM (#16604235)
How would this be different than the person issuing your Hexel-based tokens disappearing? The value is still tied to the single issuer.
[ Parent | on HN ]
Re:Launch HN: Hexel (YC W18) – Create a cryptocurrency for y... by Maybestring on Friday March 16, 2018 @09:02PM (#16605061)
The person receiving the token isn't the customer, the issuer is.

As an issuer, you do not have to worry about Hexel dissapearing. Presumably, the website doesn't make this clear.

[ Parent | on HN ]
Re:Launch HN: Hexel (YC W18) – Create a cryptocurrency for y... by kej on Monday March 19, 2018 @11:17AM (#16618998)
Right, the comment I replied to was saying that the issuer keeping a database and not doing any blockchain stuff had the risk that the database could disappear.

The Hexel model doesn't seem to fix that. The issuer could still disappear, leaving the end user with a bunch of Hexel-tokens that can't be used anywhere.

[ Parent | on HN ]