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by KitDuncan 3089 days ago
Same. Even though HackerNews despises IOTA for rolling their own crypto, building on ternary and having a centralized coordinator, I still think that IF IOTA manages to solve their issues and can establish themselves as an IOT powerhouse, they'll be absolutely enormous.

Also IOTA and Rai aren't really competitors. So for the time being, I hold both.

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Cryptocurrency is about new, exciting ways of applying cryptography. People idolize the blockchain, but I think what's cooler than that is coming up with new ways to use crypto. DAGs are very cool. They can be used to compress volumetric data down to less than 1 bit/voxel! So its exciting to me that people are exploring DAGs + cryptography.

Anyway, the lesson for me was too look past the hype just a little deeper. At the time raiblocks was an underdog, so I closed the slack and forgot about it. At the very least, I could have learned a little more about it.

Lately I've really been curious about pascalcoin's approach. Its blockchain is trimmed constantly, acting as a short term, working memory. Its supposed to be very fast. Unfortunately, it's written in pascal, which has very crusty tools! Someone should clone pascalcoin in another obscure but modern language with cross platform tools. I think it'd be a hit. Haskellcoin? That rhymes with Pascal coin and Haskell is cooler. Ocamlcoin? Doesn't rhyme but Ocaml is cool too.