cdiddy2

9 ms·

61.
by cdiddy2 4y ago
UST actually burns/mints LUNA to try and keep the balance in check. Everything to run the currency is within the same system. DAI requires 150% collateral in a currency completely outside the system that it can't burn or mint. It
62.
by cdiddy2 4y ago
It is worth noting that the depeg started at a time when liquidity was moving from curve finances ust-3pool to 4pool(Both trading pools of stablecoins). This resulted in much less liquidity for a time which would be perfect time to attack t
63.
by cdiddy2 4y ago
DAI is not an algorithmic stablecoin. It is an overcollateralized stablecoin. They are very very different.
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by cdiddy2 4y ago
ibonds in the US pay 9% right now. not far off 10%
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by cdiddy2 4y ago
it's not threatened by this issue at all.
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by cdiddy2 4y ago
In the US we can and do throw money it but we don't get anything from it. Costs just balloon and scare anyone else from trying it. https://www.constructiondive.com/news/california-high-speed-...
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by cdiddy2 4y ago
Its really not that bad in the US especially compared to its peers https://awealthofcommonsense.com/wp-content/uploads/2021/09/...
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The Optimism Collective(optimism.mirror.xyz)
1 points by cdiddy2 4y ago|0 comments
69.
by cdiddy2 4y ago
So many of our innovations come out of the military though. Yes its sad we don't do that sort of research in different circumstances, but its an incredible motivating and driving force to get things done
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by cdiddy2 4y ago
Just because you come from a place of great financial privilege does not mean others have no use for a censorship resistant form of money. Afghanistan: https://theintercept.com/2022/01/19/crypto-afghanistan-sa
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by cdiddy2 4y ago
the premise that it will be deflationary forever isn't right. It can't be and it will find an equilibrium or even become inflationary again as dynamics around the burn and staking play out.
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by cdiddy2 4y ago
This expands a bit. Banks don't like to bank sex workers. https://www.cnbc.com/2022/02/05/bitcoin-a-lifeline-for-sex-w...
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by cdiddy2 4y ago
just use coinbase as a mixing service. withdraw some eth from there to a fresh wallet and buy an ens name. then its not connected publicly to any of your other wallets but the gov/coinbase can easily still see you
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Taro: A New Protocol for Multi-Asset Bitcoin and Lightning(lightning.engineering)
2 points by cdiddy2 5y ago|0 comments
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by cdiddy2 5y ago
A few examples. https://www.cnbc.com/2022/03/23/ukrainian-flees-to-poland-wi... https://bitcoinmagazine.com/culture/bitcoin-enables-ukrainia... https://www.cnbc.com/2022&
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by cdiddy2 5y ago
I am late to this question but there is actually a method that really only works for cryptos. Its called realized cap. Multiply the each coin by the price at which it last moved and sum it all together. This gives a closer estimation of how
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by cdiddy2 5y ago
https://www.cnbc.com/2022/03/23/ukrainian-flees-to-poland-wi...
78.
by cdiddy2 5y ago
Imagine there is a social media site with a friends list feature. Instead of the site owning the friends social graph there are a few transactions on chain the say who are friends with. The site looks at that data to automatically populate
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by cdiddy2 5y ago
Things like otterscan that are a locally run instance of an etherscan like site are a step in the right direction, but there is still a lot to do in this regard for sure. https://github.com/wmitsuda/otterscan
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by cdiddy2 5y ago
web 1 = read web 2 = write web 3 = own
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by cdiddy2 5y ago
This is probably the closest https://bitcoinmagazine.com/culture/bitcoin-enables-ukrainia... This goes into some of the uses but doesn't mention atms https://www.vox.com/recode/22955381/r
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by cdiddy2 5y ago
These atms are particularly useful for Ukrainians who have managed to escape with some crypto. Since it can be hard to set up a bank account and exchange account in a new country
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by cdiddy2 5y ago
I know it isn't your article but according to wikipedia the estimated gdp of venezuela is 42B. It was 480 or so in 2014 https://en.wikipedia.org/wiki/Economy_of_Venezuela
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by cdiddy2 5y ago
I don't think libertarians believe that government subsidy leading to monocropping is inline with their way of thinking.
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by cdiddy2 5y ago
Well we are approaching half of americans having a chronic disease and a large part of that is from what we eat along with lack of exercise. it does seem like we have a degradation of the nutrients in our food supply as well. https:/&
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by cdiddy2 5y ago
Italy is also dependent and didn't want to sanction russia in this way
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by cdiddy2 5y ago
Compound and Aave both existed before they had tokens and there was still yield on the platforms. The yield is from borrowers paying interest to the lenders.
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by cdiddy2 5y ago
Best description of the hack I have found yet. The hack is on the solana side not the ethereum side of the bridge https://twitter.com/kelvinfichter/status/1489041221947375616 *edit: another good thread https:&#x2
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by cdiddy2 5y ago
I am fairly sure there would be constitutional issues with banning it. After all its just some characters/a string. We went through a lot of this with the cryptography wars in the 90s
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by cdiddy2 5y ago
HN is generally well served by the current financial system. Very included in banks/stock grants/VC money/a lot of accredited investors/easy access to world reserve currency, so there really isn't much need for any

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