hyprCoin

A slightly more pessimistic view is that the rich part of society have engaged in regulatory capture to control the most profitable genesis events for their own mutual self interests. Looks a lot like class warfare on the poor/middle class and intelligent.

I generally don't seek funding for my apps. I instead just build them with a monetization path attached. What I would aim to do is to boost a crypto community coin with adoption. My monetization would be to sell the ownership I have of the coin when the dapp is in use.

I don't know if it's legal according to the SEC. I would love some clarity.

That's a cool point. I wonder what can be done to bypass such a restriction? Maybe if you had a contract like WETH that wrapped accredited-only tokens in a proxy token.

I won't be creating an expectation of value. If I were to do this on ethereum, for instance, no one would bat an eye. It would be just another dapp.

My plan to sidestep these regulations is to take an existing cheap chain and launch a product on it, without consent or communication with stakeholders. I will buy a large percentage of the chain before doing this, of course. Maybe plug it into zrx so the conversion is automatic for the end user. Just another launch cost and I can avoid the SEC entirely.

Komodo and a few other decentralized exchanges break this issue pretty easily. Same reason privacy coins cannot be shut down.

Maybe or it could be that they don't have a data compliance officer, which is mandated by the GDPR. Or it could be that they just don't know what the issues are and have no clue how to get compliant. IP addresses are protected data and make you a data controller if you have log files.

Both left and right news organizations seem to want to blast Zuckerberg. That makes me like him more, a nerdy comp sci guy who changed how everyone communicates has political ambitions? SHUT IT DOWN

Because they don't have the technical knowledge to ensure compliance with 88 pages of mandates, maybe? If you violate GDPR you will be fined by the EU even if you do not exist in the EU.

Your family is counting on you being prepared for the future.

Not by me and I do not consent. My consent does not matter, unfortunately, I must abide. Governments are good at that.

Any solutions should come from first level engineering principles not lawyers and politicians. I don't care if it's US prosecuting a kid for hacking, companies storing and losing information on people or a space shuttle exploding. The problem lies in the failure of software and the solution should be in software.

Computation has made everyone able to connect with each other with practically no barriers. AI will make connection with machines and people seamless. These are super powers.

There is absolutely no reason to be miserable at your day job. You should be preparing for superpowers if not actively using them.

I recommend watching lectures/talks during work, skipping meetings and reading from thought leaders instead of working hard to reach deadlines. Everyone is connected which means you can read and watch what Ian Goodfellow has to say about unsupervised learning or see what the issues with the world computer are from Vitalik himself as easily as listening to your marketing department figure out how to grow 10% in the quarter.

I'm not in the EU but must comply to their regulation.

The internet at it's base abstraction is a borderless medium without regard to locality. Imposing legislation by user region is a dangerous precedent as each region can now impose fee-seeking legislation on internet companies.

Completely agree in general. It's a probability thing, given enough traffic all possible events happen. That said I do not understand how these mandates protect anyone.

The bad actors are still going to be bad and lie about it, the honest actors just got burdened with some of the worst legislation in recent history without it even coming from our elected officials.

It's dangerous and I don't care for having to backtrack through years worth of projects in use and figure out how they can each be GDPR compliant. It's a tax on creators time and is imo one of the worst possible things legislators can do to an emerging space (as all software is).

Overbearing legislation applied by unelected representatives is being abused. If only there were technical solutions provided with an assumption of goodwill instead of 88 pages of mandates without such an assumption.

I just spent the last few weeks on this and the regulators took a 'tech should conform to my understanding' approach. It's horrible legislation, time consuming across a still-emerging field (talk about hindering progress..) and I'm not even part of the EU. I am tempted to just shut off my services to the EU until I redeploy everything as dapps and wipe my hands of this nonsense. Let EU deal with blocking eth because it doesn't conform to the way they think technology should work.

For platforms, I invest to get a discount on apps I intend to release. SONM falls into this category and is one of my largest holdings.

Engineers are trained to look critically at proposed solutions. It's much harder to imagine where the future lays. I personally see crypto as just another extension of software eating the world.

This is a good example of why you should not start your research into a nascent space with a conclusion.

A scalable solution to one of these problems will likely experience exponential growth (product market fit). The current market cap (and volatility) reflect this.

The modelling of value is a prerequisite to the most interesting use cases.

That was an example of how to avoid conversion to 'real money' through spending and accepting only crypto.

Competition proves the market. There are other unique use cases. Here are some:

* Hiring based on votes from stakeholders

* Choosing what events are held when through voting or burning (scheduling)

* Continuous community airdrops to encourage repeat visits

* Pairing with other local companies to cross airdrop for promotional purposes.

* Charging artists to hang paintings in the tokenized asset (encouraging patron art).

Tokenization can become a customizable base level component. Kind of like a webite.

I appreciate your skepticism but I do encourage you to rethink your stance.

Yes there are barriers and plenty of reasons why it wouldn't work. I agree it's not currently the case, thanks for thinking about the possibilities, not many do.

The tokens must be valuable but that will be shaped by the market forces. I'd love to buy some of the potential profit in my local coffee shop but I won't buy if it's backed by nothing.

I plan on only accepting crypto for consulting this year, it filters out clients and I have limited time.

At some point I will exchange to USD to pay whatever I owe in taxes and to pay any vendor that does not take crypto. I imagine if I were an unscrupulous actor I would skip the tax step and avoid vendors that don't accept crypto.

There is literally no place to tack on a middleman with nano/btc. Yes it will take some rethinking of how we combat what society conceives as improper use of funds.

Combined with an api to transfer funds, it would serve as a virtual currency.

Why not just skip all that nonsense and build a token? It's an easier abstraction and does not involve asking permission or trusting a third party.

The token will have value based on there being value in the company or asset being tokenized. You can't start a coffee shop but can own some of the coffee shop down the street.

What are we here for if not to share in the risk and success of the endeavours we support?

Gift cards are very limited. The tech behind gift card usage is extremely insufficient. Things like checking balance is often not even possible with a public API layer.