TimJRobinson

9 ms·

61.
by TimJRobinson 3y ago
Yea his gift is assembling teams to solve technical problems - things that people already want but can't do yet. He sucks at solving social problems where it's unclear what people want.
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by TimJRobinson 3y ago
It also helped that they couldn't be margin called because of a secret system setup at FTX (which is why FTX imploded). Just leverage long 50x forever until they're all billionaires or FTX is bankrupt.
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by TimJRobinson 3y ago
That moment where they got scammed by a hacked frontend was when I realised they were extremely incompetent and told everyone to get their funds out immediately. Moving millions of dollars customer funds around via a browser wallet is insan
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by TimJRobinson 3y ago
If you use a VPN you get CloudFlare captchas all the time
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by TimJRobinson 3y ago
No and bored apes don't either. Royalties on NFT sales have mostly gone away now when big marketplaces like Blur started ignoring them.
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by TimJRobinson 3y ago
I was at Cloud9 which was acquired by Amazon. We took most of the existing frontend and tech and rebuilt the backend on AWS, then relaunched it as AWS Cloud9. In the meantime we sunset the existing service. I'd assume the same thing is
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by TimJRobinson 3y ago
Building open, transparent systems, without a central authority, that can't be manipulated. Most crypto projects fail on one of those axis, hence why it's worth studying things that succeed.
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by TimJRobinson 3y ago
It makes sense though. The whole point of crypto is to build open, transparent systems, without a central authority, that can't be manipulated. This is a really really hard problem. Most crypto projects fail on one of those axis, so it
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by TimJRobinson 3y ago
There are many USD stablecoins they can use: https://www.coingecko.com/en/categories/stablecoins . The top two are the most liquid but are also centralized, many of the others are fully decentralized.
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by TimJRobinson 3y ago
Yes. There are those who claimed they just performed a "highly profitable trading strategy", and are now sitting in jail.
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by TimJRobinson 3y ago
The only people that think code is law are hardcore libertarians / anarchists, which was the majority of crypto in 2011 but obviously isn't now. The most likely way houses and other real world assets will exist is via a 2/3 m
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by TimJRobinson 3y ago
For those that haven't looked at crypto lately and still think there are few uses, take a look at this: https://thevalueprop.io/ Cryptocurrency is a bad term, they actually make for terrible currencies, but many think
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The fundamental value proposition for blockchains(thevalueprop.io)
2 points by TimJRobinson 3y ago|0 comments
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by TimJRobinson 3y ago
If I posted an article about some people got rich off crypto is that also worthwhile because it's "news"? No, if there's no intellectual discussion and it's just cheap 10 second takes then it's not suited for H
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by TimJRobinson 3y ago
Your assumption is that only Government and Banks can process payments, which is not true. You must think outside that overton window to realize there are ways of paying people that don't require either.
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by TimJRobinson 3y ago
Yea stablecoins (fiat tokens) are by far the biggest successful use case of crypto. It's unfortunate that so many on Hacker News still think crypto is Bitcoin and other wannabe currencies (which never made sense as mediums of exchange)
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by TimJRobinson 3y ago
They can't though. Firstly NFTs and their image storage location are unrelated to tokens. In regards to 51% attacks they aren't going to happen to Bitcoin or Ethereum. For possible flaws, to put it in terms that technical non-cryp
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Marc Andreessen on A.I., Bitcoin, and Billionaires(reason.com)
3 points by TimJRobinson 3y ago|1 comments
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by TimJRobinson 3y ago
Awesome to see someone working on this. It is unfortunate that there are so many non-interoperable decentralized social media protocols. Have you looked into Farcaster's or Secure Scuttlebutt protocols too?
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by TimJRobinson 3y ago
Do you use Paypal for paying for things in a supermarket? You can transfer USDC to anywhere you need to spend it. I use it all the time for transferring between my Australian and USA bank accounts. You said you were looking for a SWIFT repl
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by TimJRobinson 3y ago
I doubt Palestinians are worried about being blacklisted considering the only people that have been blacklisted are hackers and North Korea. And anyone that is worried can use LUSD/DAI/GRAI or a myriad of other fully decentralized
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by TimJRobinson 3y ago
Why would people use Bitcoin over sending USDC or other USD stablecoins directly on any other chain?
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by TimJRobinson 3y ago
This is available today and already used by millions. It's USDC/LUSD on Ethereum/Polygon/Tron (pick your chain based on desired cost and security requirements). The US government will never endorse it or allow major bank
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by TimJRobinson 3y ago
The cryptocurrency part seems like a side tangent. The big story is hackers have had access to AT&T 's servers for over 5 months without them noticing! That's a huge fuck up which I'm surprised is not being more widely re
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by TimJRobinson 3y ago
I replied to your other comment, but posting here that this article is wrong and twists his words. He said Bitcoin is not a security, everything else is undecided. Big difference. Coinbase it taking them to court to make them decide.
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by TimJRobinson 3y ago
That's not what he said. He said "Bitcoin is the only thing that is definitely not a security", everything else is undecided. Big difference. Terrible reporting from crypto slate even when it's an opinion piece.
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by TimJRobinson 4y ago
Plenty of crypto tokens also pay the equivalent of dividends - Ethereum, GMX, Balancer, etc. These come from the profits the platforms make. Almost all tokens give you the right to vote.
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by TimJRobinson 4y ago
The FDIC specifically blocked any new buyer from buying the crypto portion of the bank.
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by TimJRobinson 4y ago
What's the point of a hard drive? You're only uploading and downloading from the internet, why not just keep all your data in the cloud? This is essentially your argument just using money rather than data right? Can you think of a
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by TimJRobinson 4y ago
What's the advantage of this over a design like Scuttlebutt / Farcaster? They have the same properties (signed messages, Merkel trees to ensure data isn't changed) but are engineered for social media. Nostr is another one tha

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