cdiddy2

11 ms·

91.
by cdiddy2 5y ago
but it adds verifiability and immutability that others can't offer
92.
by cdiddy2 5y ago
that will always be the case for anything off chain. the question is do oracles and well constructed systems provide better data than what we have access to today
93.
by cdiddy2 5y ago
I like the idea that the chain can be used as the source of truth when other sources of truth have failed us. first 15 minutes of this https://www.youtube.com/watch?v=Cwbbxb987vE
94.
by cdiddy2 5y ago
meanwhile the people in Argentina after an interview with Vitalik https://twitter.com/OctaBidegain/status/1473508689101348868
95.
by cdiddy2 5y ago
Its also being used as the currency for now ousted Myanmar govt https://www.aljazeera.com/economy/2021/12/14/myanmar-shadow-...
96.
by cdiddy2 5y ago
Tell that to the people in Turkey who had there currency fall 10% against the dollar just this week. Tell that to Argentinians, or Nigerians, or Afghanistan. You might be surprised by the places where crypto has the most penetration. https
97.
by cdiddy2 5y ago
Ya I seriously doubt there is much wash trading at the Tier A exchanges you listed above.
98.
by cdiddy2 5y ago
Discord down
99.
by cdiddy2 5y ago
100 BTC is roughly 6M, 1000 is 60M. FTX.US has 35M depth moving the price 2% downward. Binance has 23M, Bitfinex 35M, Coinbase 15M. So basically you could liquidate 1000 BTC in a market sell if you split it across some exchanges and cause a
100.
by cdiddy2 5y ago
It is hard to get away from a gas based system because of spam and resource limitations. Regarding the expensiveness there are a lot of new technologies rolling out today such as optimistic rollups(arbitrum/optimism) and zkrollups(dydx
101.
by cdiddy2 5y ago
Does a VPN not work?
102.
by cdiddy2 5y ago
Bitcoin is down 3% and dropping since it was rejected. Could get worse over time
103.
by cdiddy2 5y ago
even lumber isnt identical. old lumber was made from older trees that were generally more dense and a harder wood. http://www.historicdoors.co.uk/blog/old-growth-wood-better-n...
104.
by cdiddy2 5y ago
you have to add https:// before the .eth domain. otherwise it just googles the address I have found.
105.
by cdiddy2 5y ago
well according to this https://www.statista.com/statistics/1011424/el-salvador-bank... only 30% of adults have a bank account to begin with. Probably a lot easier to setup a bitcoin wallet
106.
by cdiddy2 5y ago
The last section, "Dai from PSM-USDC-A", is also USDC in the peg stability module.
107.
by cdiddy2 5y ago
bitcoin doesnt use GPUs
108.
by cdiddy2 5y ago
32 ETH wasn't chosen randomly. There is a cost to having too many validators on the network. 32 ETH was chosen to make sure that didn't happen while still being low enough to allow for a lot of validators.
109.
by cdiddy2 5y ago
I use roku simply because its not connected to a big tech company. Same reason I use spotify. I wonder how many others there are like me
110.
by cdiddy2 5y ago
Well mining in China moves with the seasons. During rainy season excess hydro power in Sichuan and Yunnan is used for mining, during dry season its coal in Xinjiang
111.
by cdiddy2 5y ago
I wonder how much Crimea running out of water has to do with this military build up. Caspian report has a good video on the water situation https://www.youtube.com/watch?v=Aqq8clIceys
112.
by cdiddy2 6y ago
that includes exchange addresses though. each exchange address can hold BTC for millions of people
113.
by cdiddy2 6y ago
zk-rollups are going to help a lot in that regard. maybe not billions of transactions per day but at least an order of magnitude above what is currently possible, all with the same security as the base layer ethereum
114.
by cdiddy2 6y ago
they are launching it on optimistic ethereum too. will be cheap fees there
115.
by cdiddy2 6y ago
At the moment SushiSwap has virtually none of the features listed in Uni V3. Sushi is coming out with its own new features that will differ from this named BentoBox and others. Both Uni and Sushi are innovating in their own ways which is gr
116.
by cdiddy2 6y ago
If the energy was previously excess energy being thrown out, is using it for bitcoin actually increasing the energy footprint? Not saying all bitcoin mining is this way, but a portion of it is.
117.
by cdiddy2 6y ago
Yes because Coinbase is a legit exchange. It also doesnt use Tether. That doesnt mean that their data on Tether volumes is correct.
118.
by cdiddy2 6y ago
My other comment here was useful with other sources showing that exchanges do fake data. https://medium.com/@nic__carter/assessing-bitcoins-liquidity... https://www.sec.gov/comments/sr-nysearca-201
119.
by cdiddy2 6y ago
This isn't directly related, but you may find these interesting. Fake volume related to a recent Tether piece in the WSJ: https://medium.com/@nic__carter/assessing-bitcoins-liquidity... Bitwise presentation to the
120.
by cdiddy2 6y ago
I posted my source 3 comments up.

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