everfree

13 ms·

91.
by everfree 3y ago
Solana does not have blobs. It’s really as simple as that.
92.
by everfree 3y ago
This post from the ethresearch forum goes over data availability sampling (DAS) in detail. https://ethresear.ch/t/from-4844-to-danksharding-a-path-to-s... To transfer assets from L2 to L2, of course the naive implement
93.
by everfree 3y ago
Oh. That's an uninteresting way to "back up" a statement imo. Crowd wisdom is often wrong. "Please don't comment about the voting on comments. It never does any good, and it makes boring reading."
94.
by everfree 3y ago
Distributed validator tech (DVT) has made it so you can participate in PoS voting with much less ETH than was required before, if you choose.
95.
by everfree 3y ago
This article isn't about tokens. If you believe blobs are "nonsense" that should be called out, I think that's an interesting discussion space to enter.
96.
by everfree 3y ago
What do you mean?
97.
by everfree 3y ago
By that logic, do you consider it immoral to spend lottery winnings?
98.
by everfree 3y ago
Right, that’s essentially what I’m advocating for a few replies up. The person I’m discussing it with rejected that premise the sake of argument.
99.
by everfree 3y ago
Let's not kid ourselves, bitcoin's dominance is due to network effect. Nobody understands blockchains.
100.
by everfree 3y ago
If we start telling people what they can and can't use legitimately-purchased energy for, we go down a dangerous path very quickly. We might as well tell people what they can and can't use wood to build, or what they can and can&#
101.
by everfree 3y ago
I would want to make sure their purchase were taxed at a high enough rate to replace that gasoline with renewable energy, on top of the usual sales taxes. If that were the case, I would tell them to go for it, as their purchase would be a n
102.
by everfree 3y ago
You're right. With that in mind, if Bitcoin were hypothetically shut down, the rest would probably use even less energy.
103.
by everfree 3y ago
In one word, externalities. Bitcoin is helping reveal that externalities have never been properly factored into electricity prices in the USA. In other words if you purchase too much electricity at market price, you're using more than
104.
by everfree 3y ago
From the article: > So, the EIA decided it needed a better grip on what was going on. To get that, it went through trade publications, financial reports, news articles, and congressional investigation reports to identify as many bitcoin
105.
by everfree 3y ago
This centralizing effect is actually much more powerful in proof-of-work than proof-of-stake. Anyone can stake and earn the same % rewards, regardless of how much they have. But if you're bankrolled with hundreds of millions of dollars
106.
by everfree 3y ago
Interestingly whenever this kind of thing comes up, I also hear cryptocurrency critics use the energy argument to deride blockchains in general. They don't seem to understand that Bitcoin alone accounts for 98% of all cryptocurrency en
107.
by everfree 3y ago
The opposite belief is also held relatively widely.
108.
by everfree 3y ago
A politically tenable portion of the USA seems to be of the opinion that tax funds should not be used to help ill people just because they are ill, cash or not. This is not an extreme political opinion, nor something that is unreasonable to
109.
by everfree 3y ago
The other reply to my comment proves that my question wasn't a provocation, but a successful intuition of some people's beliefs in this thread. Further, the US' lack of universal healthcare shows that it's a societally a
110.
by everfree 3y ago
Cash is sometimes the most efficient way to distribute aid to ill people. Unless - do you believe we shouldn’t aid ill people at all?
111.
by everfree 3y ago
Google does it too, with their proprietary messaging app that extends the RCS protocol.
112.
by everfree 3y ago
Maybe this is controversial but I'm not even worried about the people making $2 million per year. At the end of the day that's the salary equivalent to about 27 average employees, a small office worth. I'm more worried about
113.
by everfree 3y ago
It's not entirely clear to me what you mean by "regime", but it seems most likely to me that if forced with a choice of two hard-forks: 1) Removing the attacker directly (PoS) / changing the hashing algorithm to remove t
114.
by everfree 3y ago
> The last I recall is that the SEC considered all crypto to be a security. That's not true. "US regulators including the SEC agree that Bitcoin, which is by far the largest digital asset, isn't a security." https:&#
115.
by everfree 3y ago
It's a classic blockchain fallacy that a 51% attack allows you to print the underlying crypto at will. As for the developers, they could write code to print a billion bitcoins if they wanted to, but for it to take effect everyone'
116.
by everfree 3y ago
Where has the SEC stated whether they consider the second largest cryptocurrency, Ethereum, to be a security or not (and thus under their jurisdiction or not)? If "missing criteria" is nothing but a PR soundbite, perhaps I missed
117.
by everfree 3y ago
Where did you get that definition? It seems to be trivially false because it includes all sorts of classic non-security commodity contracts like corn, oil, etc. And stocks are not negotiable yet they are securities, so the definition seems
118.
by everfree 3y ago
Again, you're free to hold whatever additional opinions you want. I'll respectfully pass on discussing those, as my original intent was to correct a particular piece of misinformation.
119.
by everfree 3y ago
Looking closely, it seems like the lawsuit is purely about bankruptcy clawback. Genesis wants Gemini to give back all customer withdrawals looking back 90 days from Genesis' bankruptcy. The idea is to add these withdrawals to the bankr
120.
by everfree 3y ago
Hm. Their "about" page seems to claim that they are a Qualified Custodian, which means they legally have to segregate their customer deposits from their own operating funds. > Gemini is a New York trust company regulated by the

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