dlubarov

35 ms·

511.
by dlubarov 4y ago
Why would that be relevant? Buying a product doesn't mean I like everything about it, just that overall, it was the least bad option available to me at the time.
512.
by dlubarov 4y ago
I think it's prudent to use exchanges as needed, but only transfer assets that you intend to exchange in the near future, and withdraw once the exchange is done. There's still a slight risk, but much less compared to just letting
513.
by dlubarov 4y ago
To be clear I wasn't trying to say that those employees aren't doing useful work, just that they're non-essential. One could argue that product design/engineering/management isn't essential to running Wikipedia
514.
by dlubarov 4y ago
While that's true, the majority of WMF's staff is not performing essential functions like IT. [1] shows lots of staff in fundraising, design, brand, marketing, communications, and advocacy type roles. I think WMF's budget his
515.
by dlubarov 4y ago
Surely we can think of other reasons they might want to avoid TradFi? Maybe the payment is related to, say, Cannabis, so companies like Wise would refuse to facilitate it [1], legal or not. Or perhaps they've heard the stories of PayPa
516.
by dlubarov 4y ago
Regulated exchanges are just onramps; once the user takes custody of their funds they become free to transact without middlemen.
517.
by dlubarov 4y ago
Yeah, it's funny to see Alameda called out for this, when most hedge funds don't use stop losses. It's pretty reasonable not to want their assets liquidated at a bad price in their sleep, in response to a price movement which
518.
by dlubarov 4y ago
The goal of ENS isn't to add new bells and whistles; it's to do the same things DNS does, just without the censorship (see Sci-Hub) or rent-seeking. I don't see how Virgil's story implies some kind of reliance on central
519.
by dlubarov 4y ago
And if they didn't know how large the hole was, they must have gotten a pretty good idea before signing the LOI. Even if it was rushed, surely that would be the first question they ask. It seems clear from CZ's public announcement
520.
by dlubarov 4y ago
Not sure about cool or interesting, but there are boring but important (to some) use cases, like - Self custody of wealth, without having to deal with gold - Payments that don't rely on a middleman like PayPal, Wise, etc, who are known
521.
by dlubarov 4y ago
I agree, SHA-2 is secure as far as we know. But since it's based on Merkle-Damgard, it permits length-extension attacks - i.e. given H(x), one can derive H(pad(x) || y) without knowing x. So we need to be careful not to use it in setti
522.
by dlubarov 4y ago
The 21-22 annual plan [1] just shows "Technical Infrastructure" as 23.8% of "Programmatic", which is 76% of the budget, so 23.8% * 76% = 18%, or $27m. "Technical Infrastructure" includes "all the engineeri
523.
by dlubarov 4y ago
I mean Person A makes an NFT and lists it for sale for $X USDC. Then Person B, who only has $Y USDC ($Y < $X), buys it using a pre-approved loan from Person C in the amount of $X - $Y. If Person B repays the loan within T days, the lien
524.
by dlubarov 4y ago
Suppose I make an NFT which support liens. I.e. upon mutual agreement, a transaction can modify the NFT to add a lien, while (simultaneously) transferring some USDC from the lender to the NFT owner. The NFT can't be transferred while i
525.
by dlubarov 4y ago
> blockchain-based assets cannot be seized I don't see the distinction you're drawing. If they've been deposited into a smart contract like a Maker CDP, then they can be liquidated, which is much like being seized and auct
526.
by dlubarov 4y ago
There are plenty of DeFi systems where (crypto)assets are used as collateral - see MakerDAO, Compound, Aave, etc. (Granted, you can't deposit a house or car as collateral, if that's what you're getting at?)
527.
by dlubarov 4y ago
I think we can agree that there is such as thing as a too-hard class, though? If I deliver a graduate level math lecture to a group of middle schoolers, they simply won't gain anything from it. Teachers should aim for a certain optimal
528.
by dlubarov 4y ago
In my opinion it's still (delegated) PoS. PoS doesn't imply any particular blockchain structure; it's just about using stake as a Sybil-resistant method of selecting certain users for certain roles.
529.
by dlubarov 4y ago
IMO the strongest applications are blockchain-related, but here are some other ideas which have been suggested - - One can selectively disclose certain aspects of their identity. E.g. given a commitment to my DNA, I can prove that it doesn&
530.
by dlubarov 4y ago
Its purpose is clear because there is no plausible alternative reason for designing a murder chamber. Are you suggesting that there is no plausible reason to want financial privacy, outside money laundering?
531.
by dlubarov 4y ago
> Launder your money here This is like framing Signal as a "insert terrorist plan here" app. The tool can be used for that purpose, but it was never designed or marketed for it.
532.
by dlubarov 4y ago
The difference is that one provides privacy exclusively to money launderers, while the other is a generic tool which anyone can use to obtain financial privacy.
533.
by dlubarov 4y ago
What could "features to facilitate crime" be in this particular case? Tornado is a simple contract with a singular purpose, to provide financial privacy for its users. It simply doesn't have any features that facilitate a mor
534.
by dlubarov 4y ago
Of course; what I'm suggesting is that they would have simply used less ambiguous language like "working with" or "providing support to". Their weasely language suggests that they need plausible deniability because
535.
by dlubarov 4y ago
It's not clear from their vague, weasely language whether they're accusing him of any involvement beyond building the privacy tool. If they had any evidence of that, presumably they would have said so. > suspected of involvemen
536.
by dlubarov 4y ago
Encrypted communication protocols are also useful for evading the law; do you think they should also be banned and the developers arrested?
537.
by dlubarov 4y ago
There's no solution that will give PoS the same objectivity PoW enjoys, but PoS (with slashing and exit delays) is secure against long forks under a weakly subjective model. Vitalik has a pretty good post about it: https://b
538.
by dlubarov 4y ago
I would argue that PoW participants still need to "ask others", albeit for different kinds of information - - For starters, if say I'm accepting a BTC payment, I need to ask a trusted source about the market value of BTC. - I
539.
by dlubarov 4y ago
The parent is probably thinking of websites which make use of ERC20's 'approve' method, which "Sets `amount` as the allowance of `spender` over the caller's tokens." It's used by a lot of DeFi apps, often
540.
by dlubarov 4y ago
To be clear though, if the issuer doesn't impose its own limitations on cardholders' liability, there are still limitations based on Federal laws, and these are different for credit and debit cards. For credit cards it's a si

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