Hacker News new | ask | show | jobs
by CobrastanJorji 1910 days ago
It's funny how the ups and downs of evaluating a startup go:

Phase 1: "Okay, it's a Real Names social network, seems probably fine."

Phase 2: "Oh no, some sort of token economy. Well, maybe it--"

Phase 3: "Nevermind, it said the word 'blockchain,' abandon ship, this is doomed."

1 comments

Well you could’ve guessed 3 when reading 2.
No, I assumed they'd just store your "points" in a Users table in a relational database, plus a "transactions" table somewhere for history. Going with a blockchain solution is kind of crazy unless you're a blockchain company searching for a use case for your ridiculous--wait, what's this "Copyright © 2021 Block.one" bit at the bottom of their page?
You’ll reconsider once you see Twitter transitioning to such a model to circumvent regulation while still trying to capture value.