My fellow retards –
I hope you enjoyed yesterday’s introduction into the Phonon network. Day 2, more technical information, more stuff that will go over your head, and more chances for you to make money and take part in a revolutionary technology.
Yesterday some clowns, likely pajeets, were saying how the design of this system sounds nice, but it’ll be too complex, too hard to implement.
Being so quick to write off something special is what many did when Vitalik first introduced Ethereum to the Bitcoin community in Miami so many years ago. I didn’t think it was possible to build, but here I am writing about a new privacy and scaling layer to add to Ethereum, a technology that seemed too insane to implement. Good thing Gavin Wood is so brilliant and was able to take that technical specification and transform it into working C. He really doesn’t get enough credit for Ethereum’s actual existence.
Anyway, to you Pajeets who say this is too complex, this next bit is for you. Sure, system requires Java applet development, deep understanding of crypto networks, game theoretic coordination, layers of abstraction, lots of low level C code, DAO design and implementation and a mad scientist to put it all together. Well, that’s what the last four years were for. See here: https://blog.gridplus.io/worlds-first-phonon-transfer-601818203a0c
Only a few weeks ago the team made the first PHONON transfer. They had a phonon packet encumbered with 100 satoshis transact the private key to those satoshis across the internet. The transaction leaked no data to the outside world. Nobody knows a bitcoin transaction just occurred. Only two developers, half a world apart and connected through the PHONON network. Here’s a video of the transfer:
The aforementioned blogpost has lots of technical information related to the specification. You can probably ignore it. Shallow minds wont understand implications anyway. What you need to know is that the PHONON DAO is live. It will be managed by PHONON tokens. The only way to get those tokens will be to burn GRID tokens.
You can continue to ignore these posts. That’s fine, it doesn’t matter. You’ll be forced to pay attention in time. Show me another team that have been building in this space for going on 5 years, have shipped a working product, are experiencing exponential sales growth and are putting out a privacy and scaling protocol. Do you think the marketcap of their governance token should be ~$20m. Be a poor Pajeet, or join the phon/ongod and live forever.
[Not financial advice – for entertainment purposes only]
phon/ongod out.