ktorvald

Just another data point. Billy McFarland was arrested by FBI agents Monday following the Fyre Festival for defrauding investors. He did not confess prior to his arrest.

Billy raised $20m with fake financials. SBF raised close to a $1B, and I’m sure he didn’t disclose the fact that customer deposits flowed to a hedge fund he controlled exclusively.

Harm caused to consumers and investors is just as obvious, if not more obvious in SBF’s case, when compared to Billy’s festival.

https://youtu.be/pNS1khHWTmI

Our company tried to register a TLD with ICANN. ICANN's process was so complicated, when we asked questions, they suggested we hire a law firm to help us. Turns out the partner at the firm was a former ICANN employee so they referred us to their former colleague.

This law firm wanted $250k up front for the application, told us it could take over 2 years, and did not offer any guarantees that the TLD we wanted would be approved. It's a total scam up and down.

I'm no expert on Handshake, but it has a built in open auction system for registering TLDs. It seems to be the best alternative to the ICANN cabal and an actually decent use case for a blockchain. We bought the TLD we wanted on Handshake, and it cost less than $1,000. If we could only get browsers to support it...

https://handshake.org

Web3 has been used to mean too many things (NFTs ETH crypto etc). Blockchains offer the ability to fix centralized choke points on the Internet, and some prefer Dweb (decentralized web) as a term to describe this.

A thread from yesterday on Handshake: https://news.ycombinator.com/item?id=22310604

Portland, Philadelphia, Atlanta based on what Amazon wants / needs.

ASICBOOST doesn't seem to be as big of a deal as it's been made out to be. $2M in potential annual savings for a company, not the $100M greg claimed.

https://medium.com/@jimmysong/mining-profitability-and-asicb...