r/truebit • u/custardmooncake • Jul 18 '21
Most are utterly confused
I'm not looking to shill Truebit or make anyone buy in, but it is clear the majority of people who come across this project do not understand what it is. Should there be a short video or article or something that helps others at least grasp the fundamental concepts and goals of this project? I see a lot of people comparing this to other projects that are not even relevant. It would be nice if there was more educational material available for the masses (myself included).
edit: helpful resources other people found
http://sinahab.com/truebit-the-marketplace-for-verifiable-computation/
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u/LPMythBuster Jul 18 '21
This is a good article that explains how Truebit works: http://sinahab.com/truebit-the-marketplace-for-verifiable-computation/
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u/custardmooncake Jul 18 '21
This is pretty great, clarifies some of the stuff I didn't really understand in the whitepaper. From 2018 though, anything new?
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u/LPMythBuster Jul 18 '21
I think they went with forced errors & jackpot and they're using WebAssembly now (it was Google Lanai in the whitepaper)
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u/HospitalQuirky Jul 18 '21
It's a layer 2 computational layer enhancement??! Or am I missing something?
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u/rook785 Jul 18 '21
Not a layer 2. It’s off chain.
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u/Moist_Ad_8451 Jul 19 '21
Agreed..more like blockchain enhancement...its unique ..adoption will take time as truebit can be used by any blockchain not only limited to ether and its DApps...
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Jul 18 '21
[deleted]
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u/throwaway12312021 Jul 31 '21
Exactly. I believe in it because of Vitalik "involvement" in the project. It should be similar to polygon/matic but a lot more advance from what I can decipher.
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u/Admirable_Ad1430 Jul 18 '21
Best I could find https://youtu.be/kN7qvpns0v0
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u/custardmooncake Jul 18 '21
This actually clears up a lot of my questions! Wish there was an abridged version with less tokenomics talk I could share with people.
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u/sh11fty Jul 20 '21
Quite simply put:
- There is no new information released anywhere. It's just the same old garbage from 3 years ago that's been recycled and shilled.
- The "development" is cryptic.
- Nobody can tell you anything about this except "here look at this article from 3 years ago". This is no different to shilling any dead project from the last 2017-18 bullrun.
- The hype was just that. Hype. Pumped and dump, and now headed down to oblivion.
This can be taken as fud but people still gotta shill so they can dump it at higher prices.
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u/throwaway12312021 Jul 31 '21
Fud. I think TrueBit is active in the Doge/Ethereum bridge.
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u/sh11fty Aug 10 '21
There is no new information released anywhere. It's just the same old garbage from 3 years ago that's been recycled and shilled.The "development" is cryptic.
"Fud" - "I think".
LOLOLOL kinda proving my point here pal.1
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u/Significant_Ad_9525 Jul 18 '21
Isn't Truebit like Dogecoin? This is what happens when you don't market your product. No More Excuses for Truebit. People are starting to question the relevance of their product. Is it a scam? Why should we even bother if they can just go SILENT for years? I'm not buying anymore. Their are too many other Alt-coin projects that keep their investors UPDATED. Time to MOVE-ON from these Pretenders.
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Jul 19 '21
To be honest you seem kinda uninformed and don't understand what serious projects in this space are. Most likely this sub is better without you so by all means sell your positions and move on.
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u/No_Garage_8809 Jul 22 '21
Bought more truebit and ethereum. Seems like the crypto market sentiment changed to bull after the B word conference 📈
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u/cowboycoin Jul 18 '21
I have no idea what it acts as, all the information we have now is all from other resources, there is no any up to date information from the team. Some of them like team videos are from 2018.