[{"data":1,"prerenderedAt":344},["ShallowReactive",2],{"project-26808336":3},{"id":4,"name":5,"line":6,"line_source":7,"title":8,"url":9,"domain":10,"maker":11,"posted_at":12,"year":13,"points":14,"comments":15,"rank_in_year":16,"shown_in_year":17,"top":18,"tier":19,"category":20,"subcategory":21,"format":22,"keywords":23,"reception":28,"sentiment":29,"stance_mix":30,"scored_comments":35,"aspects":36,"strip":42,"post_text":44,"what":45,"said":65,"maker_in_thread":196,"shape":207,"grid":210,"attempts":305,"same_week":306,"maker_shows":34,"maker_hidden":336,"reader_version":337,"card":338},"26808336","Centralized Coin","A Centralized Coin","title","Show HN: Centralized Coin – A Centralized Coin","https:\u002F\u002Fwww.centralized-coin.com\u002F","centralized-coin.com","flurly",1618413624,2021,40,46,986,2533,39,"shown","finance_crypto","centralized digital currency","web_app",[24,25,26,27],"digital currency","global payments","centralized coin","micropayments","curious",-0.083,{"positive":31,"neutral":32,"mixed":33,"critical":34},3,11,0,6,20,{"execution":37,"idea":38,"privacy":40},{"positive":33,"critical":33},{"positive":31,"critical":39},4,{"positive":33,"critical":41},1,[33,31,33,31,31,33,41,31,33,33,31,33,41,41,33,33,33,33,33,41,33,33,33,41,33,41,33,33,43,33,31,33,43,43,31,33,31,33,31,31],5,null,{"problem":46,"audience":44,"pricing":53,"motivation":57,"time_to_build":44,"stack":61,"openness":62,"stage":63,"team_size":64},{"value":47,"source":48,"evidence":49},"Hard to pay people globally where Stripe or PayPal are unavailable","maker",[50],{"id":51,"by":11,"text":52},"26808337","Hi everyone, My main project is an online digital goods marketplace called flurly.com, and I’ve learned how hard it is to pay people globally. If Stripe\u002FPaypal doesn’t exist in…",{"value":54,"source":48,"evidence":55},"Coins are free to receive via email; transaction fees exist",[56],{"id":51,"by":11,"text":52},{"value":58,"source":48,"evidence":59},"Make globally accessible, low-cost online payments",[60],{"id":51,"by":11,"text":52},[],"unknown","beta","solo",{"praise":66,"objections":86,"requests":133,"questions":151,"alternatives":177},[67,75],{"value":68,"source":69,"evidence":70},"Interesting lucky-user mechanism","commenter",[71],{"id":72,"by":73,"text":74},"26808432","steventey","Just played around with this for a bit, the \"one lucky user\" aspect looks like a really interesting mechanism:…",{"value":76,"source":69,"evidence":77},"Cool idea",[78,82],{"id":79,"by":80,"text":81},"26808420","noahbragg","Cool idea! I have some coins. Excited to give them to some cool people!",{"id":83,"by":84,"text":85},"26808887","Datagenerator","Thank you, cool idea and so far it works.",[87,98,109,119,125],{"value":88,"source":69,"evidence":89},"Operating a money transmission service without licences is illegal in the US",[90,94],{"id":91,"by":92,"text":93},"26808542","sneak","Fun fact: a service like this is illegal in the USA without a money transmitter license (which costs around $1mm per state) in each state in which you send or receive money.…",{"id":95,"by":96,"text":97},"26808771","alert0","Close but not quite right. Money service business licensing will cost you a few hundred thousand to get for all states. [1] Second, there is a loophole at the federal MSB level…",{"value":99,"source":69,"evidence":100},"Centralized design with a single point of failure and central minting",[101,105],{"id":102,"by":103,"text":104},"26808871","fabiospampinato","IMO this is kind of the worst of both worlds: - It's centralized: so all the issues that come with that, plus the authority is some random person somewhere, rather than the…",{"id":106,"by":107,"text":108},"26808997","WhatsName","I first thought this was a parody, but apparently this is serious, so here are some serious questions: - Why should anybody trust you as central authority? - How is this…",{"value":110,"source":69,"evidence":111},"Not a true blockchain, so double spends cannot be verified",[112,116],{"id":113,"by":114,"text":115},"26809034","doggosphere","Accountability - I believe users should know when I mint coins. They should also be able to verify that no double spend is possible Your structure isn't a blockchain though.…",{"id":117,"by":114,"text":118},"26809438","You can only verify double spends if the integrity of the chain is intact. Since its not a decentralized database, and your service can \"go down\" at any time and \"pop up\" with…",{"value":120,"source":69,"evidence":121},"Public transactions remove user privacy",[122],{"id":123,"by":114,"text":124},"26808910","Why make transactions public if you don't need to? If its centralized people won't trust that you're revealing all information anyways. So you basically just took away user…",{"value":126,"source":69,"evidence":127},"Coin has no real utility or backing",[128,129],{"id":102,"by":103,"text":104},{"id":130,"by":131,"text":132},"26809125","wanderindev","I'm under the assumption (and hoping) this is just another gag project that was made in light of DeFi crypto projects getting funded without anything backing them. They always…",[134,144],{"value":135,"source":69,"evidence":136},"Affiliate or referral incentives",[137,141],{"id":138,"by":139,"text":140},"26808714","aww_dang","What's the max precision? Any thoughts on an affiliate program or incentives to onboard more users?",{"id":142,"by":139,"text":143},"26808908","You might consider offering something for services that adopt your coin and refer new users.",{"value":145,"source":69,"evidence":146},"Privacy-preserving design such as Chaumian cash",[147],{"id":148,"by":149,"text":150},"26808719","3np","Did you consider doing it as Chaumian-style cash[0] and if so, what made you decide against it? [0]:…",[152,159,163,170],{"value":153,"source":69,"evidence":154},"Can the mint revoke coins",[155],{"id":156,"by":157,"text":158},"26808710","MaheshC","Nice! Can the mint (you) revoke coins?",{"value":160,"source":69,"evidence":161},"What prevents the maker from printing coins",[162],{"id":106,"by":107,"text":108},{"value":164,"source":69,"evidence":165},"What can coins be spent on",[166],{"id":167,"by":168,"text":169},"26808530","nabraham","What can I spend the coins on?",{"value":171,"source":69,"evidence":172},"Can users sell out for money",[173],{"id":174,"by":175,"text":176},"26809071","baby","As long as it’s funny money and there is no on\u002Foff ramp it’s fine no?",[178,185,192],{"value":179,"source":69,"evidence":180},"Etleneum",[181],{"id":182,"by":183,"text":184},"26808956","pastech","On a similar fashion (centralized alternatives to crypto ideas), there is Etleneum[0], which is a centralized smart-contract platform built on top of Bitcoin (lightning). [0]…",{"value":186,"source":69,"evidence":187},"Stellar",[188],{"id":189,"by":190,"text":191},"26808369","pablius","Stellar meets PayPal?",{"value":193,"source":48,"evidence":194},"Coinbase",[195],{"id":51,"by":11,"text":52},{"comments":197,"answered":198,"key":199},12,8,[200,201,204],{"id":51,"text":52},{"id":202,"text":203},"26808807","> What's the max precision? 64 bits > Any thoughts on an affiliate program or incentives to onboard more users? The primary incentive to onboard is the compounding. Similar to…",{"id":205,"text":206},"26809576","I didn't know this existed. Will take a look!",{"commenters":208,"max_depth":34,"maker_replies":197,"first_comment_mins":33,"lifespan_hours":209},24,29,[211,213,215,217,218,220,222,224,228,231,232,234,235,239,242,244,245,247,249,251,253,255,256,258,260,263,265,267,269,270,272,274,276,277,279,282,284,286,289,291,292,294,297,299,300,303],[51,33,33,212,11,41],"project\u002Fpositive\u002Fidea",[138,33,31,214,139,33],"project\u002Fneutral\u002Fexecution",[202,33,33,216,11,41],"project\u002Fneutral\u002Fidea",[142,33,31,216,139,33],[148,33,31,219,149,33],"project\u002Fneutral\u002Fprivacy",[205,33,33,221,11,41],"maker\u002Fneutral\u002Fnone",[91,41,41,223,92,33],"project\u002Fcritical\u002Fnone",[225,41,33,226,227,33],"26808571","commenter\u002Fneutral\u002Fnone","exdsq",[229,41,31,216,230,33],"26808626","Miner49er",[95,41,33,226,96,33],[233,41,33,226,92,33],"26808883",[174,41,31,216,175,33],[236,41,33,237,238,33],"26810489","other\u002Fneutral\u002Fnone","sreekanth850",[106,240,41,241,107,33],2,"project\u002Fcritical\u002Fidea",[243,240,33,216,11,41],"26809035",[102,31,41,241,103,33],[246,31,33,226,175,33],"26809040",[248,31,33,226,103,33],"26811162",[250,31,33,226,175,33],"26813778",[252,31,33,226,103,33],"26818630",[254,31,33,226,175,33],"26825909",[130,31,41,241,131,33],[257,39,31,216,230,33],"26808793",[259,39,33,216,11,41],"26808958",[261,39,33,226,262,33],"26809874","pwillia7",[264,39,33,216,11,41],"26810293",[123,43,41,266,114,33],"project\u002Fcritical\u002Fprivacy",[268,43,33,219,11,41],"26808937",[113,43,41,241,114,33],[271,43,33,216,11,41],"26809172",[117,43,33,273,114,33],"commenter\u002Fcritical\u002Fexecution",[275,43,33,216,11,41],"26810452",[72,34,43,212,73,33],[182,278,33,226,183,33],7,[280,198,31,216,281,33],"26809497","bgdnandrew",[283,198,33,212,11,41],"26809570",[79,285,43,212,80,33],9,[287,285,33,237,288,33],"26808806","nikolay",[83,290,43,212,84,33],10,[156,32,31,216,157,33],[293,32,33,216,11,41],"26808768",[295,32,31,216,296,33],"26809851","mahesh_rm",[298,32,33,237,296,33],"26809854",[167,197,31,216,168,33],[301,197,33,302,11,41],"26808731","project\u002Fneutral\u002Fpricing",[189,304,31,216,190,33],13,[],[307,312,317,322,327,332],{"id":308,"name":309,"points":310,"category":311},"26805702","Lofi.cafe",1192,"creative",{"id":313,"name":314,"points":315,"category":316},"26791582","DeepHN",324,"data",{"id":318,"name":319,"points":320,"category":321},"26741611","I Wish There Was an App",272,"productivity",{"id":323,"name":324,"points":325,"category":326},"26790486","I made a 5-key keyboard",221,"hardware",{"id":328,"name":329,"points":330,"category":331},"26806797","Encore",182,"dev_tools",{"id":333,"name":334,"points":335,"category":321},"26781451","PMS (Personal Data Management Dashboard)",176,false,"v2",{"id":339,"name":5,"line":6,"ai":336,"cat":20,"year":13,"points":14,"comments":15,"rec":28,"s":340,"top":18,"kw":341,"maker":11,"domain":10,"tier":19,"attempts":33,"strip":342,"url":9,"mix":343,"praise":68,"objection":88,"sub":21},26808336,-0.08,[24,25,26,27],"0303301300301100000100010100503055303033",[31,32,33,34],1793991026786]