Anyone trying WebCash here? \ stacker news ~bitcoin

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60 sats \ 10 comments \ @notgeld 22 Mar 2022 bitcoin

The project was published by prominent bitcoiner Bryan Bishop. It is about bearable tokens. No ICO or premine.

I just wondering if anybody has any success setting up webminer? Maybe somebody has any thoughts after looking in their Python implementation? There are no documentations but the code appears to be commented and self-documented to some extent.

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1 sat \ 2 replies \ @0xtr 22 Mar 2022

I don't really see the usage for such a thing? Sounds like a centralized shitcoin to me

1 sat \ 1 reply \ @k00b 22 Mar 2022

I don't think they are building it to profit. I don't have much justification for this belief but I think it exists just to explore past versions of ecash.

100 sats \ 0 replies \ @kanzure 5 Jun 2022 freebie

Exploring e-cash concepts is definitely one of my priorities. Webcash is intended to be a very simple payment system. Also people seem to be having fun as miners!

0 sats \ 6 replies \ @tomlaies 22 Mar 2022

This is an experiment and the system may have to be reset.

I mean ... If it's just an experiment it's a cool project. If he's serious abut it it's a shitcoin.

1 sat \ 1 reply \ @nout 22 Mar 2022

It also has a central server source of truth... I'm probably missing something, but this doesn't seem worth paying attention to?

100 sats \ 0 replies \ @kanzure 5 Jun 2022 freebie

There are many centralized systems out there. Not everything is about decentralization. For users that need high levels of decentralization, running your own bitcoin node is great. Not everyone is going to run their own bitcoin node or even understand what that means.

At the same time, there are HUNDREDS of millions of users around the world that use centralized systems every single day not because they are forced to but because they want to. The trusted model is far from dead.

https://webcasa.app/?receive=e200%3Asecret%3A94c6791e3467ea323b609f3fda5dd6cbc6a973a8584909c4b25c80e5baef9ee8&memo=

1 sat \ 3 replies \ @k00b 22 Mar 2022

Yeah I'm not sure what the goal is either.

0 sats \ 2 replies \ @notgeld OP 22 Mar 2022

Thanks for responses. Agree that the main usecase is not clear. Besides, their Python reference code works strangely. Just checked out, for several days 0 mined tokens so I can't even tinker with it.

100 sats \ 1 reply \ @kanzure 5 Jun 2022 freebie

You'll have to try mining by using https://github.com/maaku/webminer -- an optimized C++ implementation of the CPU miner. The reference implementation in python is just too slow at this point.

0 sats \ 0 replies \ @notgeld OP 5 Jun 2022

Okay. This is probably why I had no success with it. Maybe I will give it a shot later but LN consumes much of my time actually.