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    Any relation to actual wavelets?

    Also, I think it’s a bit disrespectful to create a protocol called Noise while there’s already a Noise protocol which is modern, actively developed, and already in use. Was the team simply unaware?

    Sorry to bikeshed on the names, but it irks me when projects pop up that haven’t done that small amount of due diligence (“is there anything else called this already?”).

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      To be fair, naming things is hard.

      I’m moderately confident all this stuff will be forgotten in 6 months, unless the developers exit scam with all the funds.

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      I’ve been following the cryptospace since the BTC whitepaper, and I barely understand most of the words in the linked article. I guess this is what old school C hackers feel when confronted with Node.

      Apparently Avalanche (itself just released) is “intolerable” for real world use due to an “Achilles heel” (never explained), so this also brand new software can be used instead, like a Swiss army knife full of tools you’ve never heard of.

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        Not to mention “WE REWROTE THE WHOLE THING FROM SCRATCH 4 TIMES IN 8 MONTHS! AWESOME!”. And “whoa, we managed to get 10k t/s for a distributed transaction mechanism out of nearly 1k vCPUs and 3.5TB RAM, all provisioned in the same locally-set-up GCP VM environment so maybe even partly running on the same physical hosts”. Wonder how that’s going to scale out to N mobile phone CPUs around the world connected over 3G/4G.

        Even so, I’m kind of intrigued by the idea, I’ve had thoughts about a global rent-CPU-time grid for ages, and this at least seems to take out the crazy energy wastage implied by proof-of-work sums, but one wonders if the renting-it-out will tend towards all connected nodes running full-fan 100% of the time, meaning the energy gets chomped anyway. At least it’d be as a side-effect of actual (potentially) useful work being done, rather than just table stakes to be part of a network revving hard in neutral 24/7. Will be interesting to see whether it does just disappear after 6 months like you said above. Won’t be surprised if it does, will be intrigued if it doesn’t.

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          I’ve had thoughts about a global rent-CPU-time grid for ages

          Honest question: what would such a grid be useful for? Like Elastic Cloud, but not under one owner?

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            Well yes, but more than just search. Like the internet, where if you have an IP connection you can join in, but with processing service provision - you’re a node (or bunch of nodes) in a grid, you can use your processing power when you want, and when it’s idle, other people can rent it, and there’s a grid management layer than handles all this, distributed, federated. You have units that you earn when you rent your power out and spend when you rent other people’s out, and maybe exchange for other things (goods, services, money) if/when you want. There are interchanges/on-ramps where people who want to have jobs run can submit them, and specify how much power they want to rent. People can build services on top of this, which would be equivalent of apps or services, some just APIs, some user-facing. Basically it’s AWS/GCP/etc but with the computing power provided by the members of the grid and with the billing and provisioning managed by the grid and distributed among the grid members according to use. I guess like a smart energy grid but for processing/computing service. Take all the wind out of the centralising giants’ sails, distribute everything; computation happens local to where you need it. So for example you pay to use one of the services built on top of the grid; it submits your work to the grid and it gets executed near you, and it manages billing the service provider and your billing to them, or maybe they have an interchange with and external money system, but ideally this gradually eases that out. Data access and locality is obviously a complex issue. Loads of other issues too. Loads of complicated crypto to manage all the rights and actions and permissions and grants etc. So a way off. But basically an open-access distribution layer of job management on top of Internet which exposes all the insane amounts of idle power across the network that people are buying and leaving in their pockets or wherever, and distributes value into the market and returns it to its participants rather than extracting it up the chain like everything in the whole damn world is designed to do right now. Pipe dreams I guess but c’mon, I don’t know about you but the co-opted shit-show we’re dealing with right now is not what I signed up for when I saw the Internet in 1994.

            Haha, oops, I knew that would turn into a rant! ¯\_(ツ)_/¯ Been thinking about it for 20 years now so it kind of pops out whenever it gets a chance…