everfree

40 ms·

391.
by everfree 4y ago
I don't see why crypto is incompatible with regulation and institutions. Crypto is a unit of account, not some magical lawless thing that's doomed to never have a regulation written about it. In fact, places like New York already
392.
by everfree 4y ago
A day off improves an engineer's work-life balance in a small way. A day at a different company is different - it's a day that's neither productive to the original company nor restful to the engineer.
393.
by everfree 4y ago
VM execution requires computing power and disk space. Those are both naturally scarce, especially in the world's most redundant VM. The same VM instruction is run on more physical CPUs and its result is stored on more SSDs than any oth
394.
by everfree 4y ago
I don't really follow how a customer would be able to pay for their usage of a VM globally distributed across untrusted nodes without "crypto/blockchain nonsense" involved. Where in the system would the credit card endpo
395.
by everfree 4y ago
I don't understand what this comment means.
396.
by everfree 4y ago
Block space is created from computing power and disk space, both of which are naturally scarce.
397.
by everfree 4y ago
Of course. Once it becomes too expensive because too many people are choosing to use it, then nobody will choose to use it. At that point, nobody will go there anymore because it's too crowded.
398.
by everfree 4y ago
It's actually not a single point of failure, there's a graceful fallback where the client builds a block locally.
399.
by everfree 4y ago
> But irrevocability is a problem for this use case, right? Someone is bound to get hacked, lose keys or whatever, and then there's no way to actually prove, inside the blockchain, that it wasn't a legitimate transfer. Irrevoca
400.
by everfree 4y ago
Mediums are themselves services that a consumer decides whether to use based on marginal cost and utility. They are services that are used to purchase products and services. Purchase decisions are made about these services in the same manne
401.
by everfree 4y ago
> the scarce resource is block space
402.
by everfree 4y ago
> But your description ("efficiently price a scarce resource") is economics textbook language and irrelevant to the end consumer. I don't understand what you mean by this. > What's "insane" about a curren
403.
by everfree 4y ago
This is such a weird flex, I don't understand what you're trying to say. Continue not purchasing things you don't get value out of, I guess? Good for you.
404.
by everfree 4y ago
I'm getting voted down for talking about the value-add here, but I'll give it another shot. I hope I get some replies this time if people find anything unclear. Transferability is useful for key rotation. If you can't transfe
405.
by everfree 4y ago
> The idea of an artist signing their work in a cryptographically unique way is not new or revolutionary, and it certainly doesn't need a blockchain. It creates a provable, transferable, composable, tamper-proof "ownership&quot
406.
by everfree 4y ago
What seems insane to you about using an auction model to efficiently price a scarce resource? (The auction model is the transaction fee bidding market, the scarce resource is block space until/unless Ethereum scales.) If you're si
407.
by everfree 4y ago
> What happens if there is a network partition that lasts for longer than 6 minutes? With less than 2/3 of the total stake active on a single partition, that partition stops finalizing transactions, meaning that the chain explicitly
408.
by everfree 4y ago
Please don't try to tell me what's entertaining to me and what isn't.
409.
by everfree 4y ago
You can't double-spend across epoch boundaries (~6 minutes) without getting slashed and losing all your stake. Censoring is more plausible, though of course it still hurts you, as you described.
410.
by everfree 4y ago
Edit: Was replying to comments too fast, misread what I was replying to.
411.
by everfree 4y ago
To be clear, it's not possible to PoW mine with your GPU anymore. That's what today's update changed.
412.
by everfree 4y ago
> However, at the time I was able to articulate all the ways moving X, Y and Z to the Internet would make things better -- for hours on end -- and I would 'win' those arguments. OTOH, all my crypto crazed associates have troubl
413.
by everfree 4y ago
I doubt that law enforcement is going to be successful if they try to force staking outfits to fork the Ethereum network (by actively censoring transactions that other stakers try to publish on the network). For example, Coinbase CEO Brian
414.
by everfree 4y ago
There are a few steps to running code on Ethereum: 1. A person writes the source code and shares it 2. A person pays a flat amount of ETH to compile/instantiate the source code on the Ethereum network. The code is not "running&quo
415.
by everfree 4y ago
Ethereum clients run the code automatically alongside all the other code on the Ethereum network, impartial to what it is or does. There are estimated to be nearly 10,000 Ethereum clients in operation, distributed globally. Identifying all
416.
by everfree 4y ago
> If you deliberately build something that can facilitate money laundering and ignore finance laws about KYC and mandatory reporting and and so on, you only have yourself to blame if you run into legal trouble. It doesn't matter if
417.
by everfree 4y ago
Publishing a new TC instance can be done anonymously from anywhere in the world, by anyone who can follow the compilation instructions in the readme, so it's not really an interesting legal question in my opinion. I'm more interes
418.
by everfree 4y ago
Road builders do not actually move money around on behalf of others, and Tornado Cash developers do not actually move money around on behalf of others. They don't "run a mixer" or otherwise operate the Tornado Cash smart cont
419.
by everfree 4y ago
Serious question: Why? The suit doesn't represent that Tornado Cash itself is a legal person, in fact it represents the opposite. "Tornado Cash" is not the plaintiff.
420.
by everfree 4y ago
The part that was blacklisted was just the contract addresses.

More ›