RexetBlell

8 ms·

31.
by RexetBlell 8y ago
Dai is not backed by Ethereum. Dai is backed by Ether.
32.
by RexetBlell 8y ago
Bitcoin block hashes would be a decent source of randomness.
33.
$100,000 USD bounty for critical vulnerabilities in Augur smart contracts(hackerone.com)
2 points by RexetBlell 8y ago|0 comments
34.
by RexetBlell 8y ago
First of all, both ETH and ETC are irreversible. If someone tried to reverse something on the ETH or ETC chain, there would be another fork and there would be 3 Ethereum chains. Also, the ETH/ETC fork did not technically reverse anythi
35.
by RexetBlell 8y ago
In general, it is better if the value of your money that you want to use to buy things does not fluctuate every minute like in the case of Bitcoin. People are working on Dapps for insurance, lending, prediction markets. It is not practical
36.
by RexetBlell 8y ago
No it is not backed by real dollars in a central location. It's a kind of a derivative. The way it works is very interesting. Recently Andreessen Horowitz and others invested 12M into the project.
37.
by RexetBlell 8y ago
In the future it will be possible to use Ethereum Dapps even if you don't have any ETH. The way it works now is that ETH is needed in order to pay for gas. However, it will be possible for the contract to pay for gas in the future. Dev
38.
by RexetBlell 8y ago
Censorship resistance. Twitter could delete your account (or some of your tweets) if they wanted to. They could also prevent your tweets appearing in other people's feeds. And they have done this to some controversial figures. Basicall
39.
by RexetBlell 8y ago
The Dai stable coin. Many different smart contracts are constantly working together to keep the token worth very close to 1 USD: https://coinmarketcap.com/currencies/dai/
40.
by RexetBlell 9y ago
The modern day tulip mania has nothing to do with Bitcoin. This is the modern day mania: https://en.wikipedia.org/wiki/Salvator_Mundi_(Leonardo) Someone paid almost a half a billion dollars for that painting
41.
by RexetBlell 9y ago
They should add support for the Ethereum stable currency DAI: https://coinmarketcap.com/currencies/dai/ Most people don't want to use a currency for payments that is volatile.
42.
by RexetBlell 9y ago
Respect to him for owning up.
43.
by RexetBlell 9y ago
Yes, because they pay dividends in the form of new baby crypto cats.
44.
by RexetBlell 9y ago
He was 19 around the time when Ethereum was raising money.
45.
by RexetBlell 9y ago
Why would anyone want to exchange their Bitcoins that are worth over $10,000 each on Coinbase (and can be converted to real dollars) for some tokens that are backed by nothing?
46.
by RexetBlell 9y ago
Why would anyone ever use rsk? They created a centralized clone of Ethereum and charge 20% fees, or something like that. Here's a truly revolutionary scaling solution by the inventor of Bitcoin's Lightning network and Vitalik Bute
47.
by RexetBlell 9y ago
It's funny because the trading volume of Bitcoin is huge - about 250 million dollars worth of Bitcoin is bought and sold per hour around the world, 24/7. My guess is that the reason we see the horizontal lines is because let'
48.
by RexetBlell 9y ago
It's definitely not the lack of trading that's causing this. It's funny that you would even think that haha.
49.
by RexetBlell 9y ago
What's to stop someone from making a painting that's practically identical to Mona Lisa and selling it for 1/10th the cost?
50.
by RexetBlell 9y ago
Why can't you replicate gold? What is gold? It's some elementary particles (like quarks) arranged in a certain way that we all agree are valuable. We could easily agree that some other arrangement is valuable (such as Aluminum).
51.
by RexetBlell 9y ago
That's not true at all. If someone gives you a gold bar right now, would you be able to tell if it's real or not? What if, for example, it's steel on the inside coated with a thin layer of gold. Or the gold has a low purity,
52.
by RexetBlell 9y ago
This painting sold for millions: https://nypost.com/2013/05/15/43-8-million-for-this/ Reason: it's complicated. But something that's DEFINITELY required for this to be possible is scarcity. The
53.
by RexetBlell 9y ago
A long time ago, when Aluminium was more precious than gold, people made what was considered good looking jewelry out of it: http://www.todayifoundout.com/index.php/2014/05/aluminium-co... "Its shininess
54.
by RexetBlell 9y ago
Totally. We can add things like million dollar paintings such as this one https://en.m.wikipedia.org/wiki/Barnett_Newman#/media/File%3... and expensive old postal stamps to that list.
55.
by RexetBlell 9y ago
It's considered to be beautiful because it's expensive and valued. The causation is in the other direction than most people think when it comes to gold and beauty. It's the same with expensive paintings. A painting is conside
56.
by RexetBlell 9y ago
No ICO is ever sold as investment (as far as I know). In a many cases they explicitly say that the tokens are completely useless to not get in trouble with the regulators. For example: "The EOS Tokens do not have any rights, uses, purp
57.
A16z Ethereum Devcon 3 Field Notes(a16z.com)
5 points by RexetBlell 9y ago|0 comments
58.
by RexetBlell 9y ago
Having too many forks makes it confusing for newcomers (and even hedge funds). So naturally avoiding a fork and keeping the community together is good for Bitcoin, which made the price go up.
59.
by RexetBlell 9y ago
In the past 30 days, over 30 Billion dollars worth of Ether has been purchased. 2 million is nothing. Source: https://coinmarketcap.com/currencies/volume/monthly/
60.
by RexetBlell 9y ago
There is a new field called cryptoeconomics that studies the application of game theory to cryptocurrencies. Here's an interesting talk about it: https://youtu.be/pKqdjaH1dRo

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