Announcing Glow, a new proof of work protocol focused on generating carbon credits at scale.

glowlabs.org The carbon credits industry became uniquely interesting to me when I realized just how big the opportunity is. Due to existing and impending regulations, there is a multi-trillion dollar opportunity for anyone who can produce carbon credits at scale.

I joined Bitcoin during the bear of 2011, while the price fell from $30 to $1. I stayed through 2012, when the price fell from $260 to $70. I was there for mt gox, when the price fell from $1200 to $200. And I was there for the fall from $20,000 to $30,000.

This feels like 2014. 2014 was sharply split between bears who left, and bulls who went all-in. The bulls were there for one reason: it was obvious that crypto was rough around the edges and had low hanging fruit that would drive us to the next phase of adoption.

Contractors that build houses have little incentive to build more efficient homes because all the savings get passed onto consumers. To fix this, I propose a 'utility rating' for houses that is measured in negative dollars. You compute the dollars by taking the average annual cost of utilities and dividing it by the average interest rate for a mortgage.

In my area, the average utility rating would be around $-90,000.

Looks like siasky got completely pulled off of the internet again. I've been waiting for the right moment to publish a blog post on all the troubles we've had keeping a censorship resistant storage network online, but it seems I waited too long. We'll have more info on Tuesday, as well as an (already deployed) plan for moving forward. We've been working on some fundamental changes to how we're going to be operating portals for several months now.

Quick update on the Skynet browser extension. Initially the goal was to create a trustless gateway to access Skynet. But as we started poking around, we made some discoveries. This is the first time in my professional life that I've taken a serious look at web browser development. And I am surprised to be reporting that it is an incredibly powerful toolkit, powerful in ways I've never seen anyone talk about before.

We are excited today to announce official support for 100 GB files on Skynet. This was a surprisingly difficult thing to support, and is in fact NOT supported on the vast majority of centralized filesharing services.

Here's why it's hard: 🧵/ Most of the web works using a protocol called "TCP". Beginner network engineers are told "UDP is unreliable, and TCP is reliable", which is only somewhat true.

A more true true statement would be "UDP is highly unreliable, and TCP is mildly unreliable".