Re:Show HN: I made a privacy-focused online journal
by KevinNTH on Friday August 09, 2019 @10:04AM
(#20654396)
As a software engineer, I built Gekri with performance in mind (of course, there is always more optimizations to perform but I feel the app pretty quick by now). I will never allow this kind of computation on any app that I create.
Think about App mining as rewards to developers from Blockstack PBC.
Re:Show HN: I made a privacy-focused online journal
by vorpalhex on Friday August 09, 2019 @05:08PM
(#20658268)
We're caught in a circular trap here. Money doesn't come from nowhere (let's put aside actual fiat currencies for a moment) and the payouts aren't in tokens as far as I'm aware.
1. Who is putting the money into the system? An outside investor? Miners?
2. Blockstack is putting out significant amounts of cash and are a private company. How do they intend to profit off of this in the future? Selling user data? Injecting ads?
Re:Show HN: I made a privacy-focused online journal
by muneeb on Sunday August 11, 2019 @06:36PM
(#20670997)
The pay outs are in Stacks (STX) tokens. Only the pilot phase was in USD/BTC which came from a developer growth/marketing budget that Blockstack PBC funded.
See this post for details: https://blog.blockstack.org/app-mining-plans-to-pay-blocksta...
Newly minted tokens as incentives have been in use since Bitcoin started 10+ years ago. We are using that concept for developer incentives.
Re:Show HN: I made a privacy-focused online journal
by peternicky on Saturday August 10, 2019 @10:29AM
(#20662245)
Waiting patiently for answers; the responses are not comforting.
Ok, so where are those tokens being minted? In the apps themselves? Who's buying them since they don't seem to be publicly buyable?
Because my concern would be that my journal/calculator/paint app are running CPU intensive mining with or without code injection and connecting to a large amount of foreign peers just for the sake of storing my data in storage I own...