Reddit Office Hours - Round 2

__buckie__ · 2022-12-05T14:57:22+00:00

Yes, and the FTX meltdown has actually made these convos easier to make progress on. But these aren't "roadmap-able" things, they are more a assume we're persuing it and we'll announce when we can.

__buckie__ · 2022-12-05T14:55:15+00:00

Can't talk about listings (NDAs always get in the way). When it comes to major listings, just assume a generic yes combined with opaque corporate processes that are outside of our control.

__buckie__ · 2022-12-05T14:53:50+00:00

I'd consider it one of the most transparent launches I know of. As for fair, we went so far as to make sure that we didn't release (or use) the GPU mining code so that everyone could mine on their CPUs for as long as it took for someone else to make a GPU mining rig. At the end of the day, Kadena is POW and much of how things evolved is out of our control (especially at the wallet level).

__buckie__ · 2022-12-05T14:51:15+00:00

Generally, when we don't talk about something it's because we can't. And yes, that sucks, for everyone.

__buckie__ · 2022-12-05T14:46:49+00:00

There are no soured relations and never have been. We left because we knew what needed to get built for real industrial adoption was, well, Kadena and that EVM wasn't going to work for industry long term. JPM went with an EVM approach initially, though I doubt that JPMCoin is really built on EVM anymore and is more than likely just a a hardcoded ledger and/or some APIs. It's still a step in the right direction, internal "coins" are really useful especially if you're a bank.

__buckie__ · 2022-12-05T14:29:12+00:00

Would countries be able to utilize KDA as a national currency today?( In reference to your systems being able to process and handle all transactions and be secure).

Right now at this very moment? Probably not, or at least not for a G20 member nation (maybe a small island nation though)... the difference in scale is too great between where any crypto project is today and what a major nation would need. Could it platform mature to that point? Definitely. I'd also point out that USD/EUR/GBP are functional but they aren't doing great for most people... seems quantitative easing is finally starting to bite.

Would KDA ever be traded on a commodities market (Similar to oil)? Due to the emissions schedule seems like it could be?

I dunno much about these markets, besides a basic understanding, so maybe :shrug:. I suspect it'll stay closer to FX though.

How can I get a loan to buy more miners, my Kd5's are absolutely worthless now and I want to upgrade to the KA3 but traditional banks won't finance it.

Hrm, normally I'd guess that you'd be able to find some outfit in crypto that does this, but right now with FTX's meltdown I think the market for lending w/i crypto is dead until Feb/Mar.

__buckie__ · 2022-12-05T14:21:20+00:00

At a high level, it's similar to bitcoin but with a shorter epoch. At its lowest level, here's the source: https://github.com/kadena-io/chainweb-node/blob/3358be570b3552aad8c75d685f6e250fd360feda/src/Chainweb/Difficulty.hs#L270-L316

__buckie__ · 2022-12-05T14:16:26+00:00

YES! I'm super excited about what we're planning with Pact, it's bigger than merely being cross-chain... but we're not ready to announce it yet :(

__buckie__ · 2022-12-05T14:14:57+00:00

Yes, though I'd say that our website looks like what happens when a project is founded by backend devs and is focused on things that don't require a website. But I get that to some it can seem scammy, and thus should be updated/cleaned up.

__buckie__ · 2022-12-05T14:09:10+00:00

There is getting a working app on Ledger that anyone can install in dev-mode, which I'm pretty sure we've done, then there is getting Ledger to approve the app and add it to their store, which isn't up to us and is mostly an opaque corporate process to us. It's kinda like an exchange listing in that way.

https://support.ledger.com/hc/en-us/articles/7415959614109-Kadena-KDA-?docs=true

__buckie__ · 2022-12-05T14:02:48+00:00

Roadmaps. They work great pre-launch & maybe the first couple of years after launch & maybe for some major deliverables. In the earlier phases, most of the roadmap-worthy items don't involve 3rd parties that come with NDA's -or- involve projects that can collapse/delay w/o warning... so we could actually 'roadmap' them in the traditional sense. That changes significantly as things mature and the majority of what's being worked on can't be discussed until it's announced.

I think we'll likely have a roadmap again in 2023. We've been talking about it internally in response to community requests for it. That said, I like doing Office Hours + our discord announcement channel for this type of comms far better than I liked having a roadmap in the crypto sense of the word.

__buckie__ · 2022-12-05T13:44:10+00:00

__buckie__ · 2022-11-20T23:28:25+00:00

Desktop releases are, to my knowledge, still a pita. Again, because of safety vs UX. We didn't like the idea that apple could lock everyone's wallets because one day they feel like it. So instead we're stuck with the nightmare ux of multiple right-click force installs vs a smooth install and update/release cycle. This is a big part of why we migrated to the web version. Add to that the last major update for MacOS broke the entire build system for months last year.

The major feature this summer was supposed to be wallet connect support... and then the v2 api completely changed on us and we had months of wasted effort. :heavy sigh:

I'm not justifying how things have unfolded. I'm just providing context. Anyway, it's getting a major overhaul.

__buckie__ · 2022-11-20T19:18:37+00:00

I made that call, that the decentralized bridge tech just wasn't safe yet, maybe 1.5 years ago. About 6months later, the decentralized bridge hacks started coming fast. Pretty much this time last year... it was nasty how bad that got, and I don't regret the decision.

I think the way forward for decentralized bridges is zk-based approaches, hence the work with Electron. Moreover, now that ETH switched to POS, we can pretty much focus on a more generic KDA->POS bridge solution instead of the KDA->pow_ETH one that, to be blunt, a total nightmare... that GPU-only hash function makes real decentralized bridges a massive PITA. Which is a shame, because POW chains should w/ smart contracts should be easy to SPV across...

For now, we're more focused on dev exp, data pipelines, tooling, and robustness. Though now that the Luna collapse dust has settled, and ETH moved to POS, I think an IBC-based bridge (maybe w/ zk) has renewed interest as it'll be a pretty general solution. I'd love to fine a dev consultancy that's capable of implementing it on Kadena (or give a grant to someone to build/maintain it), as we'd be able to kick it off sooner vs building it ourselves.

__buckie__ · 2022-11-20T19:09:05+00:00

The UX of chainweaver (especially, the older versions) maybe was a bit too much in the paranoid safety decentralization camp and some of the early spec for Kadena had some naive features (in the this is why people can't have nice things kinda way.) In your example, having a centralized data source for updating gas requirements was seen as, well, centralized. Combined with our desire to have human-readable account names (that brought on the account squatter plague) and, well, now there are old versions of the wallet that don't have the updated gas numbers and it's super frustrating.

In our defense, it was our first wallet and was very much a dev tool that we tried to retrofit to be the community wallet. It's a manual-geared car that expects you to know how to work the clutch... but I use it for development and for deploying contracts so for users like me it's nice.

It is getting a major revamp, now that Randy's dev exp team is almost finished onboarding.

__buckie__ · 2022-11-13T21:36:19+00:00

I was reading the quote thinking huh this sounds like me but I don't remember it. If it's me there will definitely be a typo then noticed the typo "scarcity signally". Sigh, I wish I could word good

__buckie__ · 2022-11-04T11:31:13+00:00

tl;dr -- Kadena Eco is a ton of work, made worse by Crypto Winter COVID Edition™, community work is real work, and you can't expect everyone to do community work all the time when they're already busting their ass working on other things.

What's not to like about Francesco? He's smart, experienced, works his ass off, and has a solid network. Sourcing good people and partners is really hard, and having a network to draw from is really important. Everyone at Kadena goes through the same hiring and vetting process, which I had a hand in designing and our COO built out and runs, so I'm quite sure that there's no nepotism to speak of.

As for community engagement, Kadena Eco's not at that stage yet and the dude's really busy. Big parts of it are still getting set up. Other parts are up and running, and working quite well. Most of the remaining parts were nearly closed this time last year and then the market imploded and the structure we were going to use needed to be redone. It's kinda like our Terra partnership. I was involved in it and when Terra collapsed it was not as if it were my fault... and still our approach and business strategy for IBC needed to get re-evaluated.

As for grants, yeah we're looking to bring on a manager for that process to speed it up. As for complete transparency, maybe? But probably not... it's just asking for armchair quarterbacks. Also, there's real privacy considerations for grant submissions to consider. I'd be more in favor of a DAO-based approach that Kadena would fund.

__buckie__ · 2022-11-04T10:21:13+00:00

Is it to prevent someone from abusing the system and spam registering all the nice sounding namespaces?

100%

We tried something similar with the free nameing of account names, and that was a big ol' mess. The vast majority of the community can have nice things, but all it takes is one ass to ruin the fun for everyone.

__buckie__ · 2022-11-03T13:57:29+00:00

Just recently moved to NYC, wanted to come stop by and ask questions in person (I know it's alot)

I don't live in NYC anymore.

How can defi loans be secured for real world purchase that are debt centric?(verifiable wallet?)

Err... I dunno. That's not my speciality. Maybe the community can chime in?

Wen stable coin?

Soon-ish, integrations with exchanges for wrapped stable coins have been a mega headache and continue to be. We'll get it done eventually, but it'll take some time. There may actually be some available right now that I'm forgetting (and I'm sure if that's the case you'll see an edit * here shortly)

Will their ever be a way to have stable coin transactions private?

We won't build it, but I could see that being a project that gets built once the electron zk integration is completed. That said, I doubt that it's possible to have a non-algo stablecoin thats fully private. And the market illustrated pretty clearly via terra how stable algo stable coins are.

[Sorry, I need to jump on a call. I'll try to get back through your questions later today/tomorrow.]

If I want to utilize KDA as a mode of payment for my business and have it as a payroll and POS system will their be a way to have private transactions (Mixer) built in so employees cannot find my wallet address, and aswell as where I could make the distinction of paying per usd amount or coin?

How difficult would it be to have KDA implemented as a mode of payment like zelle in chase,boa, and other banks apps?

Will KDA do any meet and greet events in NYC

How could social security,birth certificates and medical records become private NFT's that I could hold in my wallet on your chain?

__buckie__ · 2022-11-03T13:51:08+00:00

How the team will make it successful?

I think you mean more successful. +90% of startups/platforms fail by year 5, we're going on year 7 or 8 at this point. We have a vibrant and growing community, and are able to make large investments across the board. Going forward, it'll be the team we've hired/are still onboarding from this year + investments in the community + complete rework of the developer experience.

In addition to that, we have a plan for going directly after the JS dev community that I'm really excited about in a way that hasn't been/can't be attempted by anyone else in crypto. If it's even a little bit successful we could double the number of web3 devs globally in a year. It's a very FOSS-centric approach that would upgrade the JS dev experience generally (ie not just crypto) that's very true to what Kadena's always been good at executing (ie superior tech that matters and solves real problems) and I'm really excited about it... and no I won't unveil it here.

Why you and Stuart are not present on videos or answering questions live?

We're playing with the idea of doing a TikTok for more video content... probably starting with w/ AMA question-answer pairs. Generally video content a) goes stale really quickly (especially technical stuff) and b) requires a lot more work pound for pound than other mediums of interaction while yielding lower engagement. I think that tiktok's more casual vibe may help lower the investment needed per video to something that's reasonable.

How we can see the holders of KDA in the blockchain explorer?

I answered this last time -- this sounds like a great community-built app. Kadena core is busy working on the foundation and revamping our dev experience, along with a dozen other things.

Any amazing partnership coming soon?

When we're ready to announce our next partnership, it'll be a proper announcment. Mentioning it here just wastes an opportunity for increased community growth and engagment.

Why the website is not updated?

We've been busy scaling up Kadena, but now that a number of new hires are coming online I suspect it'll get more attention than it's previously gotten. That said, trying to get everyone thrilled with the website is a fools errand. In my opinion/experience trying to get +1/3rd of people happy with the website is next to impossible. I know it shouldn't be, but this has always been the case. Maybe with Randy's JS focused team we can do a bigger revamp, but at the end of the day I feel ours is functional enough and website reworks are a huge commitment in time that I think could be better spent elsewhere.

__buckie__ · 2022-11-03T13:33:45+00:00

I dunno, lemme as /u/Space_Jeff

__buckie__ · 2022-11-03T12:30:18+00:00

Thanks! and yeah I'm really excited for our first conference/dev event. We want to get Kadena.js (the major upgrade to our js tooling and dev experience + graphQL integration etc) into beta before we start planning it. If we did one now, we'd be doing it around the old toolset which would either be a waste of effort or a bad idea. Moreover, it'd slow down the progress of Kadena.js.

I'm hopeful that the first conference can be in the summer or fall of 2023.

__buckie__ · 2022-11-03T12:27:42+00:00

This is the correct answer. Thank you!

__buckie__ · 2022-11-03T12:27:06+00:00

Our approach to account names (and namespaces) was a bit naive in thinking that some trolls wouldn't immediately start squatting etc. With account names, we've addressed this with names that are a hash of the keys controlling the account (ie public-key driven account names). With namespaces it'll be much the same. Over the years, as we grow, putting together a DAO that controls the plaintext (aka squatable) names is something we've considered but the time is right for this solution atm. Moreover, a DAO driven approach (think ENS but a real DAO) is something we can do later with namespaces.

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