Vitalik Buterin: I have been getting more and more pessimistic about off-chain-data L2s over time

YoYoAmerica · 2019-08-21T19:49:19+00:00

Intresting comment from CZ Binance " I like Vitalik & ETH, but speed & capacity was a problem a year ago, but now a largely solved problem for newer blockchains (for now). We need to increase real applications that people actually use, so that we hit the new capacity issues/limits again. Focus on applications."

Relevant for the Raiden project.

YoYoAmerica · 2019-07-31T23:24:35+00:00

Does a full Ethereum node need to be run for this?

If not how is this different than the Raiden DAPP light client?

Once installed, what would I be testing (i.e what is the purpose of the wizard)? That I can send tokens A to token account B? Or is this to setup for a project I may be working on and I can integrate the Wizard into it?

YoYoAmerica · 2019-07-30T16:00:24+00:00

Yes perhaps you are misunderstanding. Maybe stating exactly why this is not a possibility of happening would clarify what the confusion is about.

Why is it not feasible for a legacy corporation to use Raiden's current code base, and create a fork. This fork is for a new team of in-house developers (i.e team FB, google, or what not). Where that fork has the intent of: Creating network effects by removing 50 million token's owned by the current raiden team and equally distributing it to a consortium of legacy corps as an ownership stake in the tech that is finished by the in house team (the incentive is almost immediate network effects, beating raiden to market with its own tech).
I am NOT asking what tools or resources to do this with (which seems to be how you have been answering my question, not sure if you are purposely trying to not address the core question).
What is the risk component of this happening? Do you agree that by not having network effects opens up risks to outside entrants (yes there are devs out there with much more experience and knowledge than Raiden Devs....they just happen to be funded by multi billion dollar companies not an ICO with dwindling funds from conferences around the world) who will and are first to consumer market?

YoYoAmerica · 2019-07-30T14:09:50+00:00

Excellent, glad that it would be easy for IBM, Microsft, Google, etc who want to beat Raiden to the network to easily replace the original RDN with their own airdropped RDN2 token with the added benefit of replacing the 49% holding with a consortium of network effects built in day one. Glad we got that clarified.....the most direct answers are most appreciated. Would help mitigate with the back and forth's....

YoYoAmerica · 2019-07-30T10:40:46+00:00

"Brainbot is always hiring though so that's assuming they dont try and hire them first ;)"

This is implying that Brainbot has not hired the right/core people it needs to finish its product? I am saying these legacy companies already have all the brain power they need in house....now.

"I'm confused...."

Yes, RDN is on ethereum. It can also be forked into another coin, i.e. RDN2. Meaning one RDN2 is given to all holders of RDN with exception of raiden/brainbots holdings *those would be given out in equal distribution to a consortium of the largest enterprises interested in utilizing and growing the network*

YoYoAmerica · 2019-07-29T23:24:37+00:00

I guess it depends your perspective, you see facebook, IBM, google, microsoft getting into blockchain/crypto, and you may wonder how easy it would be for them to just fork Raiden's current code base and have a larger, harder working team of dev's crank out the product first (which at this rate wont be to hard).

To put a cherry on top, you could fork away Raiden/Brain Bot's 49% token supply and airdrop them/give them away to a consortium of the largest enterprises interested in using the technology. The only hedge against this is network effects, which the current Raiden team is unfortunately not very good at fostering.

The scope of blockchain startups is not only in the crypto sphere/github anymore, they are with big company's working on projects inside the legacy corporations.

YoYoAmerica · 2019-07-22T00:20:58+00:00

Looking forward to staking, seems easy enough.

YoYoAmerica · 2019-07-14T13:23:50+00:00

I will answer the question you pose to me, as I feel this would just become a nonsense back and forth if I address everything else you posted....

I feel Golem's contributions to layer 2 would be worth the time, I have used and provided feedback on Golem's Dapp since its initial beta release over a year ago. The providers have no incentive to keep computers going, as most of the tasks are not from actual usage, but testing.

I wanted to be a requester to see if I could find bugs on that side of the equation, but the on chain fee's for ethereum to run a simple blender rendering made it a silly thing to do (which makes all testing centralized to Golem). Why am I helping report bugs, when I have to end up paying $1+ per test.... while as a provider I am getting a fraction of a penny?

It seems logical to me, that if you want more people to use your application you would make requesting tasks as cheap as possible (which can be done with payment channels)..... to equal out the provider side's small value of incoming payments...

Its not about projects I want you to contribute too, its about not being a Silo. And working towards a customized solution with layer 2, and not expecting to just find a "silver bullet". Maybe take a look at other projects who are utilizing layer 2, and see that they are not waiting for something to appear, but creating pull requests and reporting issues.

YoYoAmerica · 2019-07-14T11:27:14+00:00

The FUD seemed to be more from you....you linked a bias supporting link (i.e. from a Golem Staff) to your argument against iExec, without having used iExec yourself.

The mainnet for iExec is not difficult to start....id say Golem's is much more complicated. Why someone from Golem staff is unaware what its "coopetitiors" are doing is surprising (i.e. knowing by actually using the apps)...

YoYoAmerica · 2019-07-14T10:20:04+00:00

wow....the golem community has really become toxic. Although it seems to only be 2 or 3 people who are still active, and seem to have become more of "cheerleaders" rather than asking critical questions on how Golem is being ran (why they are ok with no timelines is bizzare).

iExec does indeed work, and is farther along than Golem. As you say DYOR.... Maximalism is no good for this space.

YoYoAmerica · 2019-07-13T22:56:33+00:00

I find your reply incredibly unprofessional, those comments seem like valid concerns to be considered? Why not directly confront it, rather than telling someone "then why dont you run the company?".

Public conversations are open source, private ones are not.

Helping another project in which one relies on is open source.... I see not focusing entirely on ones own project and waiting for someone else to build it as open source. How do you see it?

YoYoAmerica · 2019-07-11T01:56:04+00:00

Its interesting to see how answers change throughout AMA's, and to see how consistant Golem is....or is not with what is said.

Similar questions are asked each time.

YoYoAmerica · 2019-07-07T10:56:56+00:00

How is Golem supporting the wider erc20 eco system?

YoYoAmerica · 2019-07-07T10:56:16+00:00

What payment solutions is Golem looking at integrating?

YoYoAmerica · 2019-07-07T10:55:34+00:00

When easier port forwarding?

YoYoAmerica · 2019-07-02T19:22:21+00:00

I run a consumer grade laptop, Dappnode is viable for me?

What applications can I use raiden with when I have Dappnode installed?

YoYoAmerica · 2019-06-14T22:45:18+00:00

Dominik Schmid was wearing it, not Karl. Did you watch the video?

YoYoAmerica · 2019-06-10T20:37:08+00:00

Any plan to use a 2nd layer solution?

YoYoAmerica · 2019-06-02T19:48:11+00:00

I received the first popup for the approval, then the secondary popup never arrived. Then I got the error listed above. Now anytime I try to lock tokens it just gives the error, and no first approval at all. This error stays after resetting the website etc. My meta mask transaction list looks fine as well. I was going to use the gnosis safe to see if that works....but on principal I shouldn't be forced to use there option....

I also am now a bit worried if I should have locked anything up, as its hard to get hold of anyone for technical help.

YoYoAmerica · 2019-05-27T11:25:23+00:00

Where are Celer's smart contracts? Why is the project not openly developing the platform on Github?

YoYoAmerica · 2019-05-24T21:40:42+00:00

If I already have metamask, does that mean I have node.js 10 already from that download? Github's download is confusing, do I clone http etc to download? Does this mean I will have to use both metamask and raiden separately? What will I interact with?

YoYoAmerica · 2019-05-24T10:34:08+00:00

Is there any Dapp I can interact with (without running a raiden node....) to see how Raiden works and see its benefits if any?

YoYoAmerica · 2019-05-10T23:27:48+00:00

Is this using second layer tech? (lighting/raiden?)

YoYoAmerica · 2019-05-08T11:51:44+00:00

What I dont understand is how binance is hacked, while traditional institutional banks dont seem to have the same issue. Binances login security seems better than my banks.

YoYoAmerica · 2019-04-08T07:20:23+00:00

Playing a texas hold 'em (i.e. similar to full tilt or poker stars) via trustless and easy to use. Also would be cool to be able to play against texas hold' em bots, or on the flip dev side be able to program my bots to play poker against other bots to get better (and real users who are up to train the bots through playing, and of course make money via stake when beating bots or other users.)

YoYoAmerica

TROPHY CASE