onebot

It amazes me how polarizing blockchain and cryptocurrency is. It is to black/white, love/hate. I really don't ever remember a technology that has created such a visceral reaction from people.

I personally, believe there is a quite novel concept behind the trust-less consensus mechanisms. It amazes me that computers can come to an agreement in a hostile environment--fully decentralized.

How that is put to use in practicality maybe debatable. But I think arguments like this tend to just throw the baby out with the bathwater.

I have founded 5x companies now. My last two have been remote only. I don't think I will ever go back unless I made physical hardware again--even then I might question it.

I have moved my family from California to Berlin. It is great we can travel Europe and I can work from anywhere. The tooling is great these days. Dealing with several timezones has its own issues but we aim to do quick daily standup over discord (yes no more terrible threaded messages in Slack). We use Deel to handle payroll around the globe. We try and get a face-to-face meetup once/year. Everyone seems very happy.

Now the only hard part is finding Rust engineers ;)

snake_case for life!

Exactly. Sounded like the obtained four keys and then used an open backdoor RPC call to obtain the fifth.

It is amazing to me that these bridges can't figure out a reliable auditing mechanism. I can't wait to learn about how this was accomplished. But with the amount of money at risk, it seems like there has to be a mechanism to secure these things and maybe have a backstop in the even something does go wrong.

I am fascinated by Unikernels. But how do they deal with things that need to fork or run multiple processes? Aren't they restricted to single processes?

We use freebsd jails and a lightweight in house orchestration tool written in Rust. We are running hundreds of Ryzen machines with 64 cores. Our costs compared to running equivalent on Amazon is so much less. We estimate our costs are about 6x lower than AWS and we have far better performance in terms of networking, CPU, and disk write speed.

Jails has been a pleasure to work with! We even dynamically scale up and down resources as needed.

We use bare metal machines on Interserver. But there a quite a few good data centers worth considering.

I would love to know how to recruit a professional maintainer. This is a tremendously difficult skill set.

You are entitled to your opinion. But it is just that, an opinion. Not fact. Citing other opinions doesn't make your claim, that all crypto and web3 are a scam, a fact.

Only time will tell. In the meantime, I am happy that this project can get any funding from wherever it can. Especially, since open source is a thankless and typically paid-less job.

In this competitive market, you are likely paying them market plus equity for top talent. EU is less competitive, but you should be paying market or below market if you are augmenting with extra equity.

Having done this 5x times now. My advice is the same I got from one of my first VCs @FirstRound...

Pay yourself as much as you need to not be distracted by anything that would slow you down. It is different for different founders and for whatever stage they are at in life. But if you are a founder with a family, that is gonna be different from a founder fresh out of college.

Obviously you want to spend as little as possible, but not to the detriment of you lacking focus and dedication because you can't pay your rent.

How does this compare to Magma?

I hate to say it but brand, ui, ux really matter in terms of first impressions and overall "love" of a product. I wish they would put more work in branding and ux on their website to make it appear more appealing and professional.

It is more informative than nothing. It shows different languages implementing the same functions and the performance of those. It is something to compare to. Maybe they can all be optimized, etc. But you need to have some kind of starting point. I think people tend to poo-poo benchmarks (unless their fav language at top) and claim they don't represent real world. But I always argue that they at the very minimum give you some context for comparison. If you look at how they are implemented you can get further context. I only wish the benchmarks had some metric for how idiomatic the implementation is compared to normal developers.

I really like this benchmark site. I would love to see erlang added. Assume Elixir is close enough?

I am a little surprised this isn't in Rust or C.

My thought exactly!

This would be great. I often get re-occurring unsolicited emails as well from the recruiting side. Not sure how many times I get "Exceptional Java engineer from X FAANG" only to find out that they were a 2 month contractor and we don't even use Java in our stack.

This is great, love it.

This is hard. Developers set expectations. How would a non-engineer manager have any idea if something should take hours vs days? Most managers ask engineers to estimate.

On the flip side, comparatively, it is much easier to compare performance vs other engineers working on the same project. At least for outliers.

Was about to say this same thing. I feel like it has a very poor band association in my mind.

How about build-in authorization for Postgesql?

I am really starting to feel that co-location will make a big comeback. It seems cloud costs are just becoming too high for the convenience they once offered. For small projects and scale probably makes a ton of sense, but at some point the costs to scale aren't worth the up front developer cost savings.

Also consider the coins themselves. Hacking (or miscoding) is why there is an Etherium and Etherium classic. They had to hard fork to return funds.

Proof of Coverage was a new model that couldn't be easily done with a layer 2 protocol. I think it could be done now with Solana, but SOL wasn't live when we started.

Having been part of launching Helium HNT token (which is honestly a real-world utility use case), here is my personal experience related to his points...

Helium started as a traditional centralized IoT project, realized that centralization was a limiting factor, then joked about turning it into a blockchain application. Now it is over $1.5bn market cap and provides a real-world utility.

Exchanges are pay-to-play. It feels bad to interact with them to get listed.

Lots and lots of scammers.

There is still so much untapped value in some possible use-cases, but honestly too many get-rich schemes.

Launching a new layer 1 protocol is a tremendous amount of development effort and I think underestimated by most.

Security is hard.

Scammers/hackers go after all project members personally. You probably aren't prepared for any kind of success.

5 years ago crypto wasn't mainstream. Fast forward to today, and when you say you're in crypto, everyone thinks you're a billionaire.

1.) Decentralization will come for sure (DAO LLC), but no matter what, there is still a Foundation of some kind.

2.) Community depends on utility. There are some amazing strong communities, but is in direct proportoin to the utility the token really brings. Otherwise, just pump and dumpers.

3.) I don't think it is 100% possible to truly decentralize governance. But people are trying.

4.) I don't believe this is true for everything. There are pump and dumpers, but many of the decent tokens today need to focus on utility, the tokens for speculation only will always be manipulated.

5.) I think the VC landscape has changed and maybe a more piling on, but couple of years ago, VCs wouldn't touch crypto and the VCs focusing on crypto (Multicoin, Polychain, etc) are very good and extremely smart.

6.) Time makes no difference. Since it is decentralized it isn't like you have a support team fielding issues. You can't fix anything in a moment's notice. Releases take careful planning and careful testing.

7.) Again this assumes there is no utility in the token. But he is right you can't talk about token price or speculation. But underneath it all you hope the token price goes up.

8.) 100% true. You can't build it and they will just come. It requires real marketing and PR. Most importantly branding. People are looking for value and community around your token. But the early adopters are FOMO speculators.

9.) Yes, legal fees are very high. Could be 7 figures.

10.) Taxes are becoming more clear. Cost basis and capital gains. But a lot depends on how you acquired your token.

11.) Basically, people will constantly claim your are scammers. Literally day and night. And people will spam free bitcoin offers to all your telegram and discord users. Every day and every night.

12.) I think insider trading is unbounded in crypto currency, but that being said a.) its still illegal and not sure founders would be participating in this, b.) its still unclear what really motivates the market. Crypto is heavily retail and the chatter as always be trolls, scammers and naysayers. But also fomo'ers. So hard to say how much insider trading will capitalize on information versus exchanges that can manipulate the volume data. I think whales can manipulate far better than insider trading.

13.) hard to say are we talking a stock market bear market or a crypto bear market?

14.) There are several tokens that have real utility and likely you aren't questioning your lifes' decisions. But lots of sh*tcoin maybe you are. But blockchain (layer 1) developers are still incredibly hard to find--so think they can pick whatever they want to work on.

15.) Again, utility (real use case) or pure speculation play. There are tons of garbage uses of blockchain that are a super poor fit. Hopefully, you don't work for one of those (does supplychain really need to be on a blockchain?)

16.) Unsure if that is true. I think most projects get a halo effect from the success of bitcoin. Most new tokens should be real utility instead of trying to replace bitcoin.

email me, my email in my profile.

Fascinating. Would you like a full-time Rust job? :)

What Rust framework/crate are you using for webserver?

Do you have a reference by chance? Would love to dig in a bit. I know that high sugar consumption raises triglycerides. But haven't seen anything yet on cholesterol.