Hacker News new | ask | show | jobs
by Yizahi 1115 days ago
1) You didn't read my comment carefully. I did say that crypto is great for law avoidance. So yes, international money transfers avoiding any taxes, fees and regulation is indeed better with crypto. The thing is, I'm not an oligarch plundering my country and funneling stolen money to offshores and UAE. I do value AML laws and all the "stupid" regulations which come with it. Even if I'm personally affected by them and have to procure papers for money origin, is limited by in amounts and time to transfer - it is better that a so called "free market" a wild west libertarian dystopia.

2) I have heard about IPFS and other file storage projects like Filecoin or Siacoin. All of them are noncompetitive with any centralized service. And as for illegal filesharing - sure, it may be useful, bittorents are better though and have no shitty monetization attached to them.

3) Yes, I have heard about flashloans, a lot. It's an amazing source of lulz and comedy godl, finding out how another bridge had been abused, often by the flash loan. It's a completely bullshit and useless idea for a normal human, unless you are a technically inclined hacker, who looks for vulnerabilities in the shitty code running on a virtual machine actively discouraging writing longer code with test coverage and better programming practices, because the longer the code the pricier it is to run. To such hackers flash loans are invaluable to properly abuse broken contracts.

4) NFT doesn't guarantee ownership of nothing but the token itself (and token is useless, because of the tech limitations). Tickets have no benefits on the blockchain because they are always issued by the centralized source. Any property you wish can and MUST be set by that same centralized corporation. NFTs add zero, nothing to it. Same with license keys, again issued by a central authority. NFTs is a cargo cult by tokenbros who don't know how business works.