dylkil

9 ms·

61.
by dylkil 5y ago
The second problem is some of the smartest people in the world rather point out its flaws than recognise the potential and help fix the flaws
62.
by dylkil 5y ago
First of all prove I have crypto
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by dylkil 5y ago
>And to convert crypto back into Canadian dollars the ultimate goal is to never convert back
64.
by dylkil 5y ago
Your comment is nonsense. They can seize your gold in a bank vault. They cannot forge a signature transferring your crypto held on your metamask. They would need first physical access to your computer and secondly your metamask password. Th
65.
by dylkil 5y ago
>you end up trusting the unregulated gatekeepers to the block chain --- the exchanges. how exactly are exchanges gatekeepers? blockchains would function completely fine without exchanges. In fact, on chain exchanges like uniswap and 0x r
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by dylkil 5y ago
If the crypto is in the users wallet (i.e. not on some crypto exchange) the canadian government cannot seize it without asking the user to sign a transaction transferring them the crypto. We are 13 years on from bitcoins inception, and we a
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Jump Trading Backstops Wormhole’s $320M Exploit(coindesk.com)
5 points by dylkil 5y ago|0 comments
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$256M in ETH stolen from cross-chain protocol Wormhole(theblockcrypto.com)
62 points by dylkil 5y ago|50 comments
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by dylkil 5y ago
no its like telling someone to not craft their own payload and call the api directly. Use the front end which handles that for you.
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by dylkil 5y ago
If you dont know what you are doing you should never interact with a smart contract directly. People like the guy who lost 500k should be using the frontends which interact with the contracts properly. https://wrapeth.com/
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by dylkil 5y ago
people send eth to get weth back, weth is an erc20 wrapper for eth - wrapped eth
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by dylkil 5y ago
your whole comment reads like an ad for that video
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by dylkil 5y ago
How are you measuring that
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by dylkil 5y ago
From a first principles perspective what they really do and do well is remove trust from the equation. Regulations are setup mainly in situations where a central party has wholly control over something and we cant trust to not fuck us over.
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by dylkil 5y ago
>Many countries are banning cryptocurrencies How many times has china banned bitcoin now, 20?
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by dylkil 5y ago
>Like, maybe have a thing that doesn't break its own core rules when a bunch of jerks decide that it should? That would be a start. LOL
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by dylkil 5y ago
Whats your suggestion, how should crypto people react? They currently dont hide the fact the network split twice (8 years ago), so what else should they do?
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by dylkil 5y ago
Very true, I even think satoshi wrote that somewhere on bitcointalk back in the day, something along the lines of "I have designed bitcoin, it solves byzantine general problem. This solution is extremely complex so it should hide the f
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by dylkil 5y ago
short it then
80.
by dylkil 5y ago
some people have different risk appetite
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by dylkil 5y ago
those who reap the profits will be network validators, which as of today is ~300k validators[1] [1] https://beaconscan.com/
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by dylkil 5y ago
Yes, and a lot of people hand their money to lazy scammers who use imgur as the file host
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by dylkil 5y ago
slowly but surely things improve, and then people find something else to complain about
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by dylkil 5y ago
Ok but currently they are using IPFS so does it matter if they once used the cloud? Go here[1] and scroll down to tokenURI and input 1 and you will get an IPFS hash back. [1] https://etherscan.io/address/0xbc4ca0eda7647
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by dylkil 5y ago
Yes really, if you don't have conviction you are just virtue signalling. I want to see which it is.
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by dylkil 5y ago
the public dismay at the carbon footprint of crypto is always fascinating to me. The network rewards are setup in such a way the the most profitable miners are the ones with the cheapest electricity as this is their biggest overhead. This p
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by dylkil 5y ago
What about proof of stake chains, do you reject those too? How many companies with huge carbon footprint do you reject? What about cows did you reject them?
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by dylkil 5y ago
everyone running erigon nodes (like myself) are running full archival nodes, currently there are ~300, https://www.ethernodes.org/ . Many geth nodes are archival, but we cant see which ones are.
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by dylkil 5y ago
trustless, immutable, censorship resistant, permissionless.
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by dylkil 5y ago
It can. The biggest success of crypto has been putting public/private key pairs in the hands of 10s of millions of people.

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