asenna

12 ms·

91.
by asenna 5y ago
If you think the point of decentralized systems are to ONLY replicate Google / Apple / Spotify services but in a decentralized manner, then you're mistaken. When the internet came along, it wasn't to only replicate the P
92.
by asenna 5y ago
It will actually not be going to the Ethereum staker, the "base-fee" is going to be burned (removed from supply) and no one gets it, that's what EIP-1559 does (expected to arrive in the July London hard-fork) To add to this,
93.
by asenna 5y ago
You're right, prices are determined by supply and demand but that's exactly what this article is about. Ethereum has always had demand (due to the growing ecosystem of DeFi, NFT, etc) but the supply was arbitrary. What's co
94.
by asenna 5y ago
This statement feels straight out of 2017. Have you looked into the Ethereum ecosystem of 2021 by any chance? Some examples: - You can use your tokens as collateral, borrow stablecoins and pay off your mortgage while the loan pays itself of
95.
by asenna 5y ago
Most of the early investors (very early, startup phase) of Amazon and Apple got shares in the company at rock bottom prices. Does that make them a ponzi scheme?
96.
by asenna 5y ago
You're saying the US legislation will directly attack the multiple $100Billion+ public traded companies in the crypto space? (Assumption is that Coinbase won't be the last company in crypto to go public). I don't see that hap
97.
by asenna 5y ago
Genuine question, what do you mean by "use Cardano"? Use it for what? Can I create borrowing/lending decentralized platforms? Can I launch my NFT marketplace on it (at this moment)? Or perhaps create a DAO for the governance
98.
by asenna 5y ago
Also not true on so many levels. I've had some experience in this and what I've realized is that the really good remote developers in India already know their value and they can demand US level salaries for their time. Yes, it&#x2
99.
by asenna 5y ago
Are you also worried Facebook and Google have become too big to ban? I don't get this logic.
100.
by asenna 5y ago
The Beacon chain went live in December, 2020 and has been running without issues. It now has about 4 Million ETH locked and staking which cannot be withdrawn - that's almost $8 billion worth of ETH locked until the move to PoS happens.
101.
by asenna 6y ago
I’ve been using a 16” MBP (i9) since it came out and man do I miss my old 2015 MBP. This 16” one cannot take a single 4K monitor plugged in! The fans go nuts and then things start hanging. And this is not a one-off, I’ve seen hundreds of re
102.
by asenna 6y ago
> Bitcoin seems like a huge Ponzi scheme Can you please point out which previous ponzi scheme / bubble / tulip mania has gone through so many cyclic wave pattern and held up it's value despite all the crashes? "Bitcoi
103.
by asenna 6y ago
That's actually why I said we should zoom out a little. Disrupting global financial monetary policies or Gold itself which has a timescale of thousands of years => 12 years is a very short time (in fact the first 5 years can be coun
104.
by asenna 6y ago
To be honest, I'm curious to know about this as well! Haven't read anything on this but I wonder at times how is the core Bitcoin team looking at what's happening with PoS and deciding "Nope. This tech is good for 200 mo
105.
by asenna 6y ago
At a larger scale of things given what Bitcoin just made possible and what it's trying to disrupt (decentralized, uncensored), Bitcoin is literally just 12 years old and I feel these judgements are too harsh and too soon for something
106.
by asenna 6y ago
No way! I've been seriously frustrated with my 16" MBP for this very reason. This is such a wtf moment for me.
107.
by asenna 6y ago
> You're making the bold assumptions that landlords or grocery stores accept bitcoin in those countries. The parent is clearly not making that statement. Parent said ".. they will sell an amount of Bitcoin" which can be do
108.
by asenna 6y ago
This is true, they could hard-fork the chain and make that the new Bitcoin but this is where a bit of Game Theory comes in - why would the network collectively do something to harm it's own self? Bitcoin miners are incentivized to keep
109.
by asenna 6y ago
> Then they buy into all of the cryptocurrency platitudes wholesale without stopping for a moment to critically evaluate it. Go ahead then, I would genuinely like to hear your critical evaluation since you just shit all over the Bitcoin
110.
by asenna 6y ago
By fixed total supply, I meant as a hedge against inflation similar to Gold.
111.
by asenna 6y ago
For investments from large institutions and companies, I don't think there's any other option out there with the security and regulatory support similar to Bitcoin and with a fixed total-supply.
112.
by asenna 6y ago
People paying attention to Elon's tweets [1] [2] saw this coming from a mile away. It'll be interesting to see if and when other big companies follow suit. In my opinion it's inevitable companies will start diversifying by a
113.
Tesla buys $1.5B in Bitcoin and plans to start accepting it as payment(cnbc.com)
15 points by asenna 6y ago|7 comments
114.
by asenna 6y ago
And I agree with that statement. I just think it's similar to some of the earlier internet days like shopping online or sending emails - in its early days most people did not know much about these concepts except for the tech community
115.
by asenna 6y ago
Why is adding an incentive mechanism to "pinning" files on IPFS inherently wrong? If you find the right incentives to a tech problem, that pushes the tech forward right? Like Satoshi Nakomoto putting together the right type of inc
116.
by asenna 6y ago
Even better - having savings in a crypto hardware wallet :)
117.
by asenna 6y ago
> Most people have still never even heard of Ethereum This statement was true in 2016, 2018 and 2021. The difference being the momentum - a LOT more people have heard of Ethereum now than back then. I think you might be underestimating t
118.
by asenna 6y ago
The parent comment is not talking about WSB going private (which you're right, it does happen from time to time by the mods for housekeeping). But they're actually talking about Discord shutting down WSB servers - for those unfami
119.
by asenna 6y ago
Looks like WSB is back. Mods took it private to probably do some bot-cleansing and to figure some things out given the sub is 3.6 million strong now, and the growth just in the past week is insane. They definitely feel let down with what Di
120.
by asenna 6y ago
Or perhaps we create and start promoting decentralized options? It's still early days but I was recently looking into decentralized web-hosting through IPFS / ENS and it's definitely maturing. I think we'll be seeing mor

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