everfree

44 ms·

481.
by everfree 4y ago
ENS is much more broadly adopted than Handshake. Pretty much the entire Ethereum ecosystem has standardized on it.
482.
by everfree 4y ago
Do you have any specific questions or concerns about how they are going to shut down Ethereum's PoW system? I've been following development very closely, and to me, the process is pretty straightforward. They've already run t
483.
by everfree 4y ago
What benefit is there in restricting the use of large amounts of capital to actors who control that capital free and clear?
484.
by everfree 4y ago
I didn't assume that you were claiming that, and I didn't downvote you. If I had to guess, people here are pretty sensitive to any crypto project being mentioned in the comments out of the blue, so that may be part of the reason f
485.
by everfree 4y ago
It's a completely different ball game from UST. UST didn't even claim to be fully backed, whereas Gemini's third-party auditing accounting firm attests to GUSD being fully backed, under the scrutiny of the New York State Depa
486.
by everfree 4y ago
Luna's supply hyperinflated (from 100 million Luna to 6 trillion Luna) to try to save UST's backing, as designed. That's why its price got rammed irreversibly into the ground. Cryptocurrencies in general, and shares of stocks
487.
by everfree 4y ago
An archive node stores the same data, in an information-theoretic sense, as a standard "full" node. The archive node just has all the state deltas unpacked out to disk with all intermediate states readily accessible, which is usef
488.
by everfree 4y ago
Looks like it is. If you subdivide something, that doesn't make more of it.
489.
by everfree 4y ago
Tether is popular because it was the first stablecoin by several years (e.g. Tether launched in 2014, USDC launched in 2018). Much like Bitcoin, Tether isn't a particularly good product nowadays if you look at its fundamental propertie
490.
by everfree 4y ago
UST was intended to be a dollar-pegged stablecoin. The failure of its dollar peg was certainly a failure of technology, because a "dollar-pegged" coin that is not actually pegged to the dollar is not a "working" system.
491.
by everfree 4y ago
Picking any regulated, US-based stablecoin is a great start. https://news.ycombinator.com/item?id=31381864 Tether is large because it got a head start on network effect before the proper regulatory frameworks were put into
492.
by everfree 4y ago
USDC backing, audited by a large US accounting firm: https://www.centre.io/usdc-transparency GUSD backing, also audited by a large US accounting firm, subject to New York State Department of Financial Services regulations:
493.
by everfree 4y ago
As I said, Tether (USDT) is an arguable exception. You seem to be arguing that exception. I don't disagree with you.
494.
by everfree 4y ago
For technology, that assumption is more likely than not, in a general sense. https://en.wikipedia.org/wiki/Lindy_effect
495.
by everfree 4y ago
Algorithmic and partially backed stablecoins (like Luna's TerraUSD) are perpetual motion machines. Fully backed stablecoins (all other popular stablecoins with the arguable exception of Tether) are not perpetual motion machines.
496.
by everfree 4y ago
> Yeah any day now I’m sure. Today they set into motion the first public testnet PoS migration, Ropsten, which will occur at a specific TTD within the next three weeks or so. This is the first time a long-lived Ethereum network will be m
497.
by everfree 4y ago
Not safe in what sense?
498.
by everfree 4y ago
It looks like TerraUSD has already fallen, honestly. A dollar stablecoin that occasionally dips to $0.75 is a non-starter.
499.
by everfree 4y ago
Those are risks of the currency and risks of your personal finances, not risks of the bond not being paid back.
500.
by everfree 4y ago
> No they wouldn't because almost all of those properties are actually desirable, and the only real achievement of ENS is to approximate all of that. What properties? What I've listed are operational requirements, which blockch
501.
by everfree 4y ago
I don't think that's clear at all, and I don't think it's helpful for you to handwave those other risks as if everybody already knows what they are. What is an example of one other risk? The only other risk I can think o
502.
by everfree 4y ago
Treasuries are considered zero risk in the sense that if they default, the rest of your portfolio is going to be worthless anyways and you're probably better off investing in guns, water, and cans of food. Because the US government pri
503.
by everfree 4y ago
I actually wouldn't mind you going into detail about why naming systems like ENS do not benefit from being on a blockchain, as they seem to me to be one of the more obvious use cases. If the default path of technology were such that ou
504.
by everfree 4y ago
> I've seen tons of people trying to explain the current state of it and a lot of them do the exact same thing but in reverse: falling back on very basic mistakes made by the specific design of Bitcoin and taking that as a given of
505.
by everfree 4y ago
US treasury bonds are generally considered "zero-risk" in finance, it's a pretty common notion.
506.
by everfree 4y ago
In general, yes. However, unlike other bonds I-bonds have no secondary market, so there's no way to liquidate them in an emergency if you need them before their maturity date (1 year). With I-bonds you don't need to speculate on w
507.
by everfree 4y ago
My experience has been the same as c0mptonFP. For every thoughtful and educated comment I receive about blockchain technology, I get more than twenty that either make very basic mistakes in understanding the current state of it, take person
508.
by everfree 4y ago
> What would stop an entity creating many other entities to sway voting outcomes? A hard-coded initial entity set, along with a voting process for additions to and removals from that entity set. In other words, a classic DAO design.
509.
by everfree 4y ago
> if you assume the participants are the same set of actors - which would make sense - then it would be very easy for a majority of network control to be held by a Google, an AT&T, a China Telecom, etc. Why wouldn't one just des
510.
by everfree 4y ago
Bitcoin is not the only valid blockchain in existence, if that's what you're implying (your comment is unclear to me). A blockchain's length (or more specifically, total accumulated work), does not play a direct part in deter

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