Sargos

19 ms·

181.
by Sargos 5y ago
The UX will be much easier for normal people as they don't need to create a new account, find their friends, etc each time they go to a new website or use a new app which by itself is a pretty big driver of acceptance. Users tend to ca
182.
by Sargos 5y ago
No, that doesn't sound like web3 at all. Web3 runs on different rails than Web2. Web3 typically runs on IPFS which is like an upgraded HTTPS where instead of just one computer hosting a file on the internet it's instead lots of di
183.
by Sargos 5y ago
Compound is a lending protocol so people take out collateralized loans out and pay an interest rate on that loan which is paid to the lending pool the money is deposited into.
184.
by Sargos 5y ago
An example I find interesting and easy to explain is Pool Together which is a no-loss lottery where you can buy $10 in lottery tickets for a chance at a $3,000 weekly prize but if you don't win your tickets still work for the next roun
185.
by Sargos 5y ago
Thankfully I think Web3 (dapps made from composable protocols collaboratively developed by everyone) will form strong competition and maybe even replace Google in the next 5-10 years. Services like social media, finance, gaming, productivit
186.
by Sargos 5y ago
I'm not sure the government has a problem with this as they just passed FOSTA-SESTA which nearly makes porn illegal.
187.
by Sargos 5y ago
The big difference is that those middlemen won't be required for payments to function so OnlyFans could ignore them and take payments directly.
188.
by Sargos 5y ago
The Sablier protocol ( https://sablier.finance/ ) trustlessly streams crypto/stablecoins on a second/hourly/daily/monthly basis which covers use cases such as subscriptions.
189.
by Sargos 5y ago
The United States' belief that its laws apply to everyone in the world is one of the most insidious ideas of our modern world. If one outcome of crypto is that the US loses this ability to police the world due to automated and unstoppa
190.
by Sargos 5y ago
Going slower than traffic is actually unsafe and increases the chances of collisions with other drivers.
191.
by Sargos 5y ago
Note that execution shards are not really on the roadmap anymore as sharding is planned to be data only and serve as a scaling factor for L2 rollups. In just a few years the only usage of the L1 will be security and data availability for ro
192.
by Sargos 5y ago
HN folks on the iPod: "No wireless. Less space than a Nomad. Lame." Tech forums have always been fairly anti-technology and dislike anything new until the rest of society fully adopts it.
193.
by Sargos 5y ago
>The history of finance is the history of financial crime. Jews starting banks because of Christian usury laws, the Medici sidestepping the monetary power of the church and kingdoms, etc. Most societal advancements are crimes in the begi
194.
by Sargos 5y ago
This has a limited time window of being effective as exchanges are a temporary bridge between the traditional system and the crypto economy. In a decade or so you will likely be able to do most things on crypto rails and there will be few c
195.
by Sargos 5y ago
What do you expect them to do? Hardcode their clients to ignore that certain CID? That obviously won't work for a whole host of reasons. That Uniswap UI is out there and literally nothing can stop it.
196.
by Sargos 5y ago
>Neither category requires a special funding mechanism Can you elaborate on this? What effective ways are they funded today? Public goods are chronically underfunded even in the western world so alternate ways of funding these projects s
197.
by Sargos 5y ago
December 2021 or Q1 2022 at the latest. The difficulty bomb is scheduled to activate in December so a fork of some kind will be needed to reset it so everyone is working diligently towards December as the ship date.
198.
by Sargos 5y ago
All of those are custodial solutions which defeats the purpose of blockchains.
199.
by Sargos 5y ago
Not true. Ethereum moves about 10 billion a day while Bitcoin moves about 9 billion a day. https://money-movers.info/ This is just comparing the base assets, adding in stablecoins makes the gap even larger with Ethereum mov
200.
by Sargos 5y ago
Dai is backed by lots of different assets in the Maker Vaults. Most of them are crypto but they just added some real estate assets and the plan from day one has been to add as much diversified collateral as possible for safety and scale (Da
201.
by Sargos 5y ago
There's a story about Apple abusing their power and being worse than 90s Microsoft on the front page every other day. The big problem is that there's a lot of cultish defense of Apple and as the victims are software developers and
202.
by Sargos 5y ago
Vitalik worked on a Bitcoin newsletter and coded blockchains and worked on Ethereum for little to no money for years. He didn't care about money and is as much of a pure tech guy as there is.
203.
by Sargos 5y ago
Apple doesn't allow third party web browsers on iOS so native apps are the only viable solution until that changes.
204.
by Sargos 5y ago
The loan is paid for by the appreciation of the backing asset. And over the long term the depreciation of the dollar.
205.
by Sargos 5y ago
Aren't Apple and Google phasing out extensions? The v3 manifest is taking some power away from extensions and both Google and Apple banned extensions on mobile devices so it seems like they are trying to get rid of them. If they are se
206.
by Sargos 5y ago
That original print will probably be worthless as people will regard it as a copy. You'd also be up against life ruining fraud charges. But yes there are ways to link NFTs to products. Louis Vuitton and Nike are linking NFTs to their p
207.
by Sargos 5y ago
Most NFTs use IPFS for this reason.
208.
by Sargos 5y ago
You can see that the artist made NFTs on chain. That's actually how you can verify uniqueness as anyone can see this NFT is authentic and not a random copycat.
209.
by Sargos 5y ago
Your bank isn't doing anything very advanced. It's just keeping the equivalent of an excel spreadsheet in a database with some front end software to manage it. You can't write apps on your banking platform. > How much are
210.
by Sargos 5y ago
Who's going to run that db? How much are they going to charge? Are they going to let anyone write apps on top of it? Do they have a plan for %99.999999999 uptime? Will people lose their data/businesses/livelihoods if this sys

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