Yep. I know anything web3 or metaverse will be met with immense skepticism. I just hope that skepticism either lampoons closed protocols/software (if it is closed) or is targeted at specific flaws, rather than the typical gut reactive dismissal which is about as deep as the speculators looking to dump bags.
I would love for this project to succeed, I’m a huge fan of N.S. and implicitly trust anything he’s involved in.
I’m leaving this comment in hope to look back at it in a few years and be proved utterly wrong.
This white paper seems like the usual web3 pie in the sky nothing-burger: Generate hype, cash in, keep repeating as long as it works, then abandon.
There’s enough meat on the fire that it would take 20 successful companies a decade to implement a subset of what Lamina1 target in the near future.
One example that stands out to me in the sea of red flags:
> On-chain in-band messaging on Lamina1 is an area of active research, with an eye on major areas of innovation.
I read this (in context) as: our chain will be so fast it’ll be used for everything, including real time gaming events.
To be fair, a couple of paragraphs later:
> State changes must be synchronized among all participants and serialized to some kind of storage. A combination of on-chain and other decentralized services can achieve this.
Details on vague claims like this is what I was looking for in this paper, but there’s none.
I wish all the best to the Lamina1 team, but as things stands today, this looks to me like just another crypto grift.
[for context: I have ~20 years of experience with consensus protocols, cloud infrastructure, P2P systems, and, more recently, blockchains. I despise the sorry state of cryptocurrencies as much as the next HN user]
8 comments
[ 3.4 ms ] story [ 34.8 ms ] thread- Digital disruption, followed by corporate opportunism, reset the value of creative IP and negatively impacted the creative process
- Agencies and intermediaries siphoned revenue from makers
- Data was harvested, sold, commoditized and misused
- Naivety and convenience were exploited
- Family photos became session bait for an insatiable ad model"
Sounds like these would be good to correct. I like it.
Edit: link to download the PDF https://cdn.discordapp.com/attachments/1021522007122251776/1...
Edit: link: https://twitter.com/Lamina1official/status/15733534725394636...
I’m leaving this comment in hope to look back at it in a few years and be proved utterly wrong.
This white paper seems like the usual web3 pie in the sky nothing-burger: Generate hype, cash in, keep repeating as long as it works, then abandon.
There’s enough meat on the fire that it would take 20 successful companies a decade to implement a subset of what Lamina1 target in the near future.
One example that stands out to me in the sea of red flags:
> On-chain in-band messaging on Lamina1 is an area of active research, with an eye on major areas of innovation.
I read this (in context) as: our chain will be so fast it’ll be used for everything, including real time gaming events.
To be fair, a couple of paragraphs later:
> State changes must be synchronized among all participants and serialized to some kind of storage. A combination of on-chain and other decentralized services can achieve this.
Details on vague claims like this is what I was looking for in this paper, but there’s none.
I wish all the best to the Lamina1 team, but as things stands today, this looks to me like just another crypto grift.
[for context: I have ~20 years of experience with consensus protocols, cloud infrastructure, P2P systems, and, more recently, blockchains. I despise the sorry state of cryptocurrencies as much as the next HN user]