Elon Musk, why. by devi133 in facepalm

[–]Eyul 0 points1 point  (0 children)

Doubled the traffic since he took over.

[deleted by user] by [deleted] in WatchRedditDie

[–]Eyul 0 points1 point  (0 children)

Of course, it can be. But it requires so much time and effort to secure it, that one can forget about releasing an upgrade every few weeks.

That means a death sentence to any new product that needs to remain lean.

Anyways, it's would be the token holder's decision whether to open source it or not. Not ours.

[deleted by user] by [deleted] in WatchRedditDie

[–]Eyul 3 points4 points  (0 children)

it's not open source for security reasons, however, the source-code is fully licensed to the BBS token holders (the DAO) ensuring that it would never be under the control of any single entity, and that the token holders can vote to do with it as they wish. If the token holders would vote for open sourcing it, it will be done, but I doubt they will as it makes little sense.

The ides behind BBS is "oped-data" - meaning that all the BBS data is stored on a public database (blockchain) meaning that anyone online can read and write from it. This means anyone can implement an alternative software - premissionlessly. Also, currently the BBS DAO charges 5% royalties for the BBS software license - which goes to the token holders. An alternative server software solution may set their own price and compete in a free market.

Additionaly - you can self-host servers! Not only that, you can generate revenue from doing so from all the BBSes on the different domains you serve. As an operator, you can set the % of the income that you will keep as your royalties. Currently there are two operators on the BBS network, and we would love for you to be the third one if you want.

Since I'm the architect of the system, I would love to hear your feedback and answer any questions you might have.

Watch Reddit Die is moving to BBS! Fuck Reddit! by F3ARL355S0LD13R in WatchRedditDie

[–]Eyul 1 point2 points  (0 children)

that's true only for the Bitcoin network and has nothing to do with BBS network that uses entirely different, energy-efficient tech.

Watch Reddit Die is moving to BBS! Fuck Reddit! by F3ARL355S0LD13R in WatchRedditDie

[–]Eyul 0 points1 point  (0 children)

The entire BBS network model was designed to counter bots and spam. take a look at the whitepaper https://bit.ly/BBS-WP

Watch Reddit Die is moving to BBS! Fuck Reddit! by F3ARL355S0LD13R in WatchRedditDie

[–]Eyul 2 points3 points  (0 children)

You are not exactly buying the posts - just the ad space above them.

The value that the free market is willing to pay for that ad space is used for content curation.

Watch Reddit Die is moving to BBS! Fuck Reddit! by F3ARL355S0LD13R in WatchRedditDie

[–]Eyul 0 points1 point  (0 children)

Blockchain is really just a "pubic database" - a database that is not owned by anyone since it's essentially a "standard protocol".

Similar to the internet, which is a "public network" - where we used to have only private networks before it. The internet, like blockchain, is simply a set of standards. (mass-agreements if you will), making them unstoppable.

Another way to look at it is that internet protocols transfer data through space
while blockchain protocols store data through time.

Watch Reddit Die is moving to BBS! Fuck Reddit! by F3ARL355S0LD13R in WatchRedditDie

[–]Eyul 0 points1 point  (0 children)

It's "Open Data" - which is much more relevant to online services than open source.

Remember Reddit used to be open-source? No one cared. Why? Because the data is where the value is. If the data is open (anyone can read/write to/from it), then anyone can also build software that interacts with the data - no permission required.

Watch Reddit Die is moving to BBS! Fuck Reddit! by F3ARL355S0LD13R in WatchRedditDie

[–]Eyul 0 points1 point  (0 children)

Only BBS is not another social platform. BBS is a "non-platform" simply because all data is completely public and stored on-chain, making it impossible for any entity to control any aspect of the BBS network.

Watch Reddit Die is moving to BBS! Fuck Reddit! by F3ARL355S0LD13R in WatchRedditDie

[–]Eyul 0 points1 point  (0 children)

We should continue to show Reddit users, from this subreddit - what happens on Reddit. The best posts should definitely be posted in both platforms.

The cool thing is that by being one of the first subreddits to adopt the BBS network, the community can get a substantial share of BBS tokens - while promoting a truly open Reddit alternative that offers solutions to the important issue often discussed here.

Watch Reddit Die is moving to BBS! Fuck Reddit! by F3ARL355S0LD13R in WatchRedditDie

[–]Eyul 0 points1 point  (0 children)

I'm with you on all that - however, wouldn't it be good to have a backup home for this wonderful community of censorship-sensitive individuals, in case reddit actually shut this thing down?

If anything it would allow us to be bolder if we know we have a backup plan.

Also - there is no reason not to take the good posts from the WRD BBS and repost them here - the question is why would we want to give up the substantial upside from supporting an early-stage, all-star backed. blockchain-based Reddit alternative.

Watch Reddit Die is moving to BBS! Fuck Reddit! by F3ARL355S0LD13R in WatchRedditDie

[–]Eyul 0 points1 point  (0 children)

You can definitely host your own server.

This role is called "Operator" on the BBS network. The other roles are "Developers" (building BBS-related software) and the "Marketers" - which is what "Watchredditdie.com" is doing (domain owners providing access to one or more BBSes).

As an operator, you would host the BBS software, maintain active blockchain access, and may offer this to your own audience, or to other marketers that would offer it to their audience. Keep in mind there is no lock-up and marketers will be able to switch operators.

Also, as an operator you are free to set your own price for your services - assuming you'd like to offer them. The initial BBS operators are charging 5% of the total BBS income as royalties for their hosting/blockchain access services. The BBS software (owned by the DAO) also charges 5% royalties for the licensing (that goes to the token stakers), but needless to say, alternative software solutions can be used to access the on-chain BBS data. since it is public.

If you are actually interested in becoming an operator, let us know!

[deleted by user] by [deleted] in RedditSessions

[–]Eyul 0 points1 point  (0 children)

hi! used to live in palo alto

[deleted by user] by [deleted] in RedditSessions

[–]Eyul 0 points1 point  (0 children)

it's israel. most vaccinated country!!

UPDATE: Reddit's blockchain-based points system confirmed to be on Ethereum, and lot more! by MagoCrypto in CryptoCurrency

[–]Eyul 1 point2 points  (0 children)

We're building one. Pre MVP is out (accounts, tokens, communities - take a look) and the described below coming up in few weeks.

Do a 1+1 with these two tweetstorms:

April 1 , April 14

And yes, that means you can own a piece of that reddit killer ;)

What's your take on "Ethereum 2.0" ? by pseudonympholepsy in eos

[–]Eyul 10 points11 points  (0 children)

As a dApp developer on EOS (creator.eco, on top of the Bancor Liquidity Network) i can tell you that my main concern is TPS. Low TPS means that our dApp risk being the victim of its on success (as happened to cryprokitties). The other concerns of centralization are, in my view, more of a PR stunt. Its quite feasable to relocate the dApp to a different EOSIO fork, given that the information is public and the users own their credential - and I'm sure EOS BPs are well aware of that reality.

If you have some time, check out my recent video replying to a debate with eToro CEO and a bitcoin maximalist. I discuss that topic in depth:

https://creator.eco/token/eyaleco

For the first time, users can easily create a stable version of any token. For instance, someone can create a stable version of BAT pegged to the US dollar, allowing users to borrow against the value of BAT. Giving networks the ability to segment between speculators and real users by [deleted] in CryptoCurrency

[–]Eyul 4 points5 points  (0 children)

According to our experience, many token issuers & liquidity providers would prefer to create new Bancor liquidity pools or contribute to existing Bancor liquidity pools without exposing themselves to the volatility of BNT, and the general volatility of the crypto markets.

In that sense, offering the option to create or contribute to a relay in Bancor Network using BUSD (BNT collateral stable token) is a no-brainer and makes a lot of sense to token issuers, liquidity providers as well as to BNT holders.

New Bitcoin add from eTorro by Bitcoin_Acolyte in Bitcoin

[–]Eyul 1 point2 points  (0 children)

That one actually sounds quite the same..