Nimiq

Finance and crypto

browser-based blockchain

SHOW HN2017

186points
136comments
#189of 2,242 in 2017
Top 9%of 2017 by points

How HN took it

CuriousMostly questions and neutral comments

20 positive, 58 neutral or asking, 2 mixed, 11 critical, out of 91 comments about the project. Thread score +0.07.

Idea: 4 for, 3 againstPerformance: 1 for, 3 againstPrivacy: 1 for, 3 againstExecution: 2 for, 1 againstDesign: 2 for, 0 against

The thread, comment by comment

Each row is a top-level comment and its replies, in HN's order. Select a cell to open that comment on HN.

positive neutral or mixed critical about another commenter or something else the maker

What HN said

What people liked

  • Easy one-click start and mining with no installation

    From 3 comments
    • I have a soft spot for removing barriers and making things accessible so this really resonates with me. With a single click of a button I'm connected to the network and have…
      hopfog on HN
    • I like how it starts you up instantly and how simple mining, helping the network and transactions seem to be. Really well done. I found a quick block too and sending/receiving…
      postozoan on HN
    • Kindly send some here: 295AD9F3C2F4371D0B86E235B3618D06482949B6 This is incredibly easy to get up and running with.
      slice_of_life on HN
  • Simple, clear P2P visualization that helps demystify blockchain

    From 2 comments
    • I have a soft spot for removing barriers and making things accessible so this really resonates with me. With a single click of a button I'm connected to the network and have…
      hopfog on HN
    • So far looks sweet, I have a small bit of advice. I'd double down on the simplicity aspect - for a lot of people cryptocurrency is a weird thing to get into and hard to…
      gallerdude on HN

Objections

  • Proof-of-work uses SHA256 and is unsafe; needs memory-hard PoW

    From 2 comments
    • This is a neat. However, there is nothing explaining fundamental operation I can find except the source code itself, and it seems to me that it suffers from pretty serious scale…
      buttershakes on HN
    • Left this running all day at about 30kh/s and got 200 coins Couple of hints: * Have a way of backing up your private keys! Many people delete browser local storage and this is…
      fslkjhjdfhgj4j on HN
  • Browser mining is inefficient and unlikely to keep participants engaged

    From 2 comments
    • Well, it is not good to do Proof-of-Work in the browser. It's inefficient and people will not keep mining if they have very small chances of getting a block. I don't know how…
      fiatjaf on HN
    • Thanks, but while ASICs may not be a threat, in general finely tuned beefy machines might be? So that running this in a browser would be as efficient as mining litecoin in a…
      bbcbasic on HN
  • Keys stored in browser local storage are risky and easily lost

    From 2 comments
    • Left this running all day at about 30kh/s and got 200 coins Couple of hints: * Have a way of backing up your private keys! Many people delete browser local storage and this is…
      fslkjhjdfhgj4j on HN
    • I like how it starts you up instantly and how simple mining, helping the network and transactions seem to be. Really well done. I found a quick block too and sending/receiving…
      postozoan on HN
  • Documentation is weak and the project is hard to understand

    From 2 comments
    • This is a neat. However, there is nothing explaining fundamental operation I can find except the source code itself, and it seems to me that it suffers from pretty serious scale…
      buttershakes on HN
    • Yeah I gave it a look. It is really light on details. I think you have to be clear why this is better than Ethereum, the fact that web browsers are nodes and are mining isn't…
      buttershakes on HN

Requests

  • Better key backup and wallet explanation

    From 2 comments
    • Left this running all day at about 30kh/s and got 200 coins Couple of hints: * Have a way of backing up your private keys! Many people delete browser local storage and this is…
      fslkjhjdfhgj4j on HN
    • I like how it starts you up instantly and how simple mining, helping the network and transactions seem to be. Really well done. I found a quick block too and sending/receiving…
      postozoan on HN
  • Blockchain explorer and viewer

    From 2 comments
    • If this is an educational product then it would be even better to expose more details to the user. For example, the fundamental steps illustrated in the Blockchain Demo…
      asciimo on HN
    • A blockchain viewer (showing most recent blocks) is in the works for the Betanet and should go live soon. Full chain explorer will follow for the feature-complete Testnet.
      elionchin on HN
  • Clearer disclaimer that testnet coins are worthless

    From 2 comments
    • Before anyone gets too excited because the page doenst make this clear, you are all mining on the Test block chain, not the release block chain, the coins are worthless, they are…
      Mao_Zedang on HN
    • I dont think it matters, just saying its easy to click through without seeing it, some people might leave it open thinking they are mining for real.
      Mao_Zedang on HN

Questions

  • How does it compare to Bitcoin and Ethereum?

    From 1 comment
    • This seems really interesting! For someone without too much knowledge about blockchain and digital currencies: How does this compare to Bitcoin and Ethereum?
      schickling on HN
  • How does the ledger scale as it grows?

    From 2 comments
    • Ok, you have a roadmap, but I'm left with more questions than answers, e.g.: if a blockchain relies on every node having a ledger of the whole transactions, and bitcoin's ledger…
      joantune on HN
    • You only need the full blockchain to initially verify the proof of work chain, you can then run in pruning mode which requires having the latest blocks and unspent outputs.
      Franciscouzo on HN
  • How do browsers accept incoming WebRTC connections?

    From 2 comments
    • This is interesting - but how can a browser serve incoming connection requests?
      wildbunny on HN
    • WebRTC is a web protocol designed for peer to peer connections.
      elionchin on HN

Alternatives named

  • Bitcoin

    From 2 comments
    • How does this compare to BTC with regards to privacy? My thoughts: most regular users don't really care about privacy at the level that BTC promises. If people really cared that…
      slice_of_life on HN
    • Ok, you have a roadmap, but I'm left with more questions than answers, e.g.: if a blockchain relies on every node having a ledger of the whole transactions, and bitcoin's ledger…
      joantune on HN
  • Ethereum

    From 2 comments
    • Yeah I gave it a look. It is really light on details. I think you have to be clear why this is better than Ethereum, the fact that web browsers are nodes and are mining isn't…
      buttershakes on HN
    • This seems really interesting! For someone without too much knowledge about blockchain and digital currencies: How does this compare to Bitcoin and Ethereum?
      schickling on HN
  • Monero/Bytecoin CryptoNight, Ethash, Momentum as PoW references

    From 1 comment
    • Left this running all day at about 30kh/s and got 200 coins Couple of hints: * Have a way of backing up your private keys! Many people delete browser local storage and this is…
      fslkjhjdfhgj4j on HN

Category, keywords, summaries and labels on this page were made by AI (Thread Reader v2) and not checked by hand. Each point links to the comments it came from.

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