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Comment by ForHackernews | Hacker News Reader

Why would you use twitter for something like this when you could simply create a blockchain DAPP that runs on Ethereum? All you'd need to do is learn the Solidity language, compile it with Mist and purchase some initial startup gas to pay for the executions. Then, the integrity of your predictions would be guaranteed by a globally distributed network of several mining organizations, rather than dependent on one politically-suspect US tech company.

This seems like an ideal use-case for verifiable blockchain-backed applications.

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> Why would you use twitter for something like this when you could simply

Ok, go on

> create a blockchain DAPP that runs on Ethereum? All you'd need to do is learn the Solidity language, compile it with Mist and purchase some initial startup gas to pay for the executions.

So much simpler than tweeting!

> globally distributed network of several mining organizations, rather than dependent on one politically-suspect US tech company.

Yup, those reliable and impartial miners that noone really knows who they are, but we’re 200% sure they’re not mostly in China and could absolutely never be influenced by Chinese authorities?

I'm pretty sure the parent poster's tongue was cutting a hole through their cheek when writing the post.

you laugh but I have periodically thought about making a prediction service and considered that blockchain of course would be a good verification - however after playing with it in my head I can never figure out a way to monetize it adequately to pay back the effort required, as the only people I can think would actually want to use the service are paranoid know-it-all jerks like me who want to show everyone how right they are - and I know for a fact I'm too cheap to pay for that service.

I‘m working for a blockchain-backed secure timestamping service

https://documents.originstamp.com/

Also wrote a CLI:

https://github.com/dennis-tra/originstamp-cli

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