everfree

59 ms·

631.
by everfree 5y ago
> Is anyone speaking about them in the context of Web3 or is it all ETH, XRP and maybe two more? Aztec Network, Tornado Cash, and Starkware all run on top of Ethereum... Aztec and Starkware are currently in the community spotlight becaus
632.
by everfree 5y ago
And also Aztec Network, and Tornado Cash, and Zcash, and soon Starkware, and... I'm surprised so many people on Hacker News apparently still believe that you can "see all transactions" on every blockchain. It really only take
633.
by everfree 5y ago
Polygon has several products. Usually when people say "Polygon" they are referring to Polygon's popular sidechain product, but Polygon's Hermez product is a zk rollup like I was talking about.
634.
by everfree 5y ago
Most of the entertainment industry is about predicting collective mood swings.
635.
by everfree 5y ago
It makes me happy to hear that my comment was appreciated. Anon account here unfortunately, but if you come up with any questions, the ethfinance community's daily thread on reddit is full of friendly and very knowledgeable people! I w
636.
by everfree 5y ago
That's probably the weakest of my examples, since lollipop hammers are at least valuable for their utility within a video game. I would think of art NFTs as more like character or weapon skins - completely useless except that it's
637.
by everfree 5y ago
What simply isn't true? I said discussion about it is welcomed here, and you're telling me that critical discussion is "consistent and widespread". It sounds like we agree.
638.
by everfree 5y ago
Spending a few dollars on NFT "ownership" is worth it to me to have my name next to something, just like spending $10 on a League of Legends skin is worth it to some people to have their name next to a piece of artwork in a video
639.
by everfree 5y ago
> "layer 2" is just a diplomatic way of saying "offchain centralization" Some popular types of Layer 2s, namely zk rollups, have on-chain data and on-chain transaction verification, so I believe you are wrong on this
640.
by everfree 5y ago
For many people, NFTs are also a hobby not an investment. You just hear about the investors because they are the loudest.
641.
by everfree 5y ago
Well, decentralized exchanges usually maintain their moat through liquidity (the catch-22 of attracting liquidity to a new dex without users, and attracting users without liquidity). Ethereum Name Service maintains their moat through legiti
642.
by everfree 5y ago
It feels like something or other cryptocurrency related floats on the front page of Hacker News every other day, and discussion about it is welcomed. I would call that the opposite of "please leave".
643.
by everfree 5y ago
Some examples of dApp data sharing in the wild: For example if you have Ether, you can use a decentralized exchange (e.g. Uniswap) to swap it to stablecoins like USDC and DAI, deposit that USDC and DAI into a collateralized lending market (
644.
by everfree 5y ago
The page shouts out Poe's Law itself at the bottom.
645.
by everfree 5y ago
> If they want to double spend or do other things, then they will lose credibility as artists Double spending is a property of ownership, not creation.
646.
by everfree 5y ago
If you pay for something that already exists, like a piece of fine art, that money doesn't disappear, it just changes hands. The buyer could have spent that money on fighting poverty, but now the seller has the money, and you could say
647.
by everfree 5y ago
> Nobody ever had a problem with verifiable receipts when attending concerts or buying a car or eating at a restaurant. They do when buying physical artwork, coins, stamps, pokemon cards or other collectibles. There are plenty of things
648.
by everfree 5y ago
> You can make a chain by making a further transaction with the ID of the last one (which arguably indicates you own the file hash indicated). You can, but then you either have to host a central transaction history somewhere or you run i
649.
by everfree 5y ago
At least there's also Lyft. The same can't be said for the broadband internet market, for example.
650.
by everfree 5y ago
If ownership is not transferable, then how can you call it a token, and what is it non-fungible in relation to? This categorically seems like it is not a non-fungible token, or even a token at all. It's just an artist signing a file us
651.
by everfree 5y ago
I know I'm a few days late to this reply, but Handshake is a Proof of Work system like Bitcoin. You generate balances by mining it using a powerful computing device.
652.
by everfree 5y ago
Even more confusing considering that the Ouroboros you linked is also a distributed system, and consensus is based on network communications.
653.
by everfree 5y ago
How would you accomplish PKI in such a way that would allow people to rotate keys to keep their account secure, but without allowing them to rotate their key into a different person's custody, thus doing a de-facto transaction that wou
654.
by everfree 5y ago
How does this compare to IPFS+ENS (InterPlanetary File System + Ethereum Name Service)?
655.
by everfree 5y ago
How would you solve the problem of spam and squatting without the network requiring payment for domains? Subsequently, how else besides using a crypto coin would it be feasible for a decentralized network to take payment?
656.
by everfree 5y ago
Are you not concerned about the decentralization of Handshake's PoW consensus, considering that it uses a custom hashing algo that seems to be dominated in hardware production by a single company, Goldshell? I believe you may be missin
657.
by everfree 5y ago
I believe that smart contract settlement systems will more or less grow into "large-scale industrial applications" before the decade's end.
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by everfree 5y ago
Silver doesn't power systems of contracts or broker exchanges of assets. ETH is more like oil in that regard.
659.
by everfree 5y ago
It's much different to shut down the trade of assets than to shut down a cloud computing service (Ethereum). That would be very counterproductive, like shutting down the freeway because of a traffic jam, or stopping a train service bec
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by everfree 5y ago
All market caps of all assets are "fiction" in the sense that they don't measure the total amount of money that all units of the asset could fetch on the market.

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