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Author Topic: Profound HYDRO AMA on reddit and How do you think about HYDRO?  (Read 75 times)
tetrisdancyo
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May 24, 2019, 08:56:09 AM
 #1

HYDRO AMA on reddit
One day, HYDRO project taked place AMA.They are looking to solve realwarld problem using blockchain,then,they collected questions from all over the world related to project HYDRO,blockchain,crypt etc.

I was very interesting and felt very meaningful their AMA.then,i decided to introduce some impressive Q&A and Questions for everyone"How do you think about HYDRO"

About project HYDRO
Overview of the theme and projects they advocate

HYDRO Theme
"Hydro is an open-source blockchain project, with a global community dedicated to solving the unbanked problem."

HYDRO Projects
  • Raindrop - Security on the blockchain
  • Snowflake - Identitiy on the blockchain
  • ICE - Document on the blockchain
  • Tide - Payment on the blockchain
  • Mist - AI on the blockchain
  • Hail - Security tokenization on the blockchhain

Discussion on reddit
Summary of questions that can be thought up profoundly
-Detailed contents are here

[1]What are Potensial limitation&dangers of blockchain technology and How do you solve?
Quote
A major limitation of the current implementation is how a user is expected to understand all the concepts associated to it,
how to use it properly and the famous analogy of seed words, private keys.The dangers of blockchain tech is mainly the way a smart contract is coded and executed.

Solving the user experience point is just going through the product again and again to see what you can eliminate from the learning curve of the user.
For the dangers, it's really an issue which needs constant audits, 4-6 months of product on testnet.
[2]"Decentralization" that makes the money of the wealthy more secure and not less secure isn't solving anyone's problems
Quote
To me, mass movement is just people joining a cause if they see it making their life easier, simpler or better and blockchain is doing that.
Coincidentally, I was reading a few days back how blockchain can help rid poverty: https://hackernoon.com/3-ways-blockchain-can-combat-poverty-18827e5aacaf,
it really is what made me think about the examples I posted above.
[3]How can block chain be more readily integrated into logistics and analytics?
Quote
For logistics, Snowflake would definitely a game changer.
We can tie digital identity to each item or maybe its bar code and keep track of it's whereabouts in the system.
[4]How can block chain compensate for it's memory requirements in order to be made lightweight and portable?
Quote
I'm not sure how to answer this because blockchain is a collective database of public transactions.
To make it compensate for memory, it mghtt have to do with the consensus algorithm like proof of work ( your hashing power ).
Many new proposals have come up such as proof of stake in ETH 2.0 and this might reduce memory graphics consumption for computers.
In the thread of reddit,you can see more discussion.

My Impression
  • Expectation for Raindrop and Snowflake - I have more expected for Raindrop and Snowflake  because of AMA. i think it would be Trigger for penetrating decentralized system for general society.this means seems best usage with blockchain.
  • Poor knowledge of poverty - At AMA, they were pointed out this. and i thought so too because the article about blockchain for poor area that they introduced was too superficial. i think they should learn about poor area more widely without being limited to blockchain
  • Seems Incompatible between AI and Blockchain - Not limited to HYDRO, i think there may be incompatible between AI and Blockchain fundamentally. i consider AI needs vast DB and i cant think where they use blockchain effectively. But,like OCEAN protocol they make platform for AI data,i can understand how to use blockchain for AI.Use indirectly only.

How do you think about HYDRO
Reading this thread means you may be interested in HYDRO. How you think about HYDRO? Do you think their product make success?


Reference
・HYDRO AMA on reddit - https://www.reddit.com/r/IAmA/comments/bqx7b9/i_am_harsh_rajat_part_of_hydros_global_team/
・website - https://projecthydro.org/
・telegram - https://t.me/projecthydro
・twitter - https://twitter.com/HydrogenAPI
・github - https://github.com/hydrogen-dev
・bitcointalk - https://bitcointalk.org/index.php?topic=2778123.0

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SirLancelot
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May 25, 2019, 09:41:06 AM
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Well, I like hydro project, not because I know what it's all about because I never took my time to check it out, but I still support the project very much because I was one of the beneficiary of the project during it's airdrop, I remember vividly that I was given about 222,222 hydro which was worth some good amount of money at that time, though I sold it off then because I have a lot to do at that time with funds which was urgent, but I will make sure I buy a lot of coins back before we begin to see a moon in price.

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tetrisdancyo
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May 28, 2019, 01:37:48 PM
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Well, I like hydro project, not because I know what it's all about because I never took my time to check it out, but I still support the project very much because I was one of the beneficiary of the project during it's airdrop, I remember vividly that I was given about 222,222 hydro which was worth some good amount of money at that time, though I sold it off then because I have a lot to do at that time with funds which was urgent, but I will make sure I buy a lot of coins back before we begin to see a moon in price.
awesome foresight. i couldnt participate there Airdrop because of my less knowledge. i think so too that there project will go to moon. when blockchain and cryptcurrency can get to attract attention, investers may look at HYDRO. there constantly engaging in bear market must be received high evaluation.

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