exo762

8 ms·

61.
by exo762 4y ago
I know technical side of things really well, thank you. I'm talking about economical analysis - which is absolutely insane. Value of a thing is not determined by cost of its production. It is determined only by amount someone wants to
62.
by exo762 4y ago
Ethermine is out - because the merge is in. They are literally out of the business. Why would anyone care what they do? As for TC - who is rolling over? While some US based businesses are complying, protocol builders are saying that they wi
63.
by exo762 4y ago
Is this analysis based on technical details of protocols? Or their economics? If latter, then I must object. Tx on one chain is not the same as tx on other chain. They are not interchangeable.
64.
by exo762 4y ago
I'm sorry. There seems to be a fundamental misunderstanding of what slashing is. Slashing is just a tx. It is included (or not) just as any other tx. There is no magical dance, there is no voting process. You are basically stating that
65.
by exo762 4y ago
Why does it make any difference for me (a hypothetical BTC holder) how BTC is minted? > Meaning even if the value drops at exchanges, no miner will sell below this value due to not breaking even on electricity. It does not work like that
66.
by exo762 4y ago
Absolutely. But validator block rewards are automatically adjusted to compensate for that.
67.
by exo762 4y ago
May I ask you to elaborate? This sounds intriguing.
68.
by exo762 4y ago
There is an amazing proposal [0] on building trustless bridge for BTC on Ethereum. Leona Hioki is GOAT. [0] https://ethresear.ch/t/trustless-bitcoin-bridge-creation-wit...
69.
by exo762 4y ago
How can you detect that people are NOT running slasher nodes? This model assumes that 1/n is honest. This is almost as safe as it gets.
70.
by exo762 4y ago
Your post makes many assumptions. One - existence of trustless bridges from PoW chain to Ethereum (trustful bridges are rather easy to kill). Second, regulation can be achieved in a way OFAC does it - "anyone who holds/buys this t
71.
by exo762 4y ago
Since blockchains are specifically built with idea of censorship resistance in mind, and Ethermine not including TC transactions can't actually prevent other miners from including them... I'm struggling to understand the point you
72.
by exo762 4y ago
> To me it seems this would greatly damage the value of the assets but it can be recovered from. Why? I see this as an event that would skyrocket the price. It at the same time affirms commitment of the community to its stated values and
73.
by exo762 4y ago
Inactivity leak for a solo validator going offline is very cheap, and it is by design. People are expected to run validator nodes on home connections and be profitable.
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by exo762 4y ago
No. Their role is a bit different. They exist to prevent so called nothing-at-stake attack. If each block has to be signed by known parties (parties selected in a way attackers can't control), and those parties are bound by slashing ru
75.
by exo762 4y ago
In scenario when 51% coalition is censoring everyone else (block producers / validators that don't belong to coalition), the way out is via UASF - user-activated soft fork. This will cause slashing of attackers via "inactivit
76.
by exo762 4y ago
Rules of the system are implemented in the software validating the block, in so called "full nodes". It does not matter how much hashing power miner has - if they will produce invalid block, this block will get rejected by nodes.
77.
by exo762 4y ago
There is a confusion in language used. Bitcoin has two types of actors: block consumers and block producers. Ethereum has three types of actors: block consumers, validators and block producers. Thing often described as "full node"
78.
by exo762 4y ago
> I would hope we actively plan for much cheaper launches with Starship coming online. (disclaimer: I'm a SpaceX fan) Savings that was supposed to be generated by rocket reuse with Falcon 9 haven't trickled down to clients, if
79.
by exo762 4y ago
> School is obligatory, we really shouldn't employ commercial products in schools to begin with. I think a better formulation of this would be following. School is obligatory, we should not employ products that collect private infor
80.
by exo762 4y ago
Details are described in audit that was performed for gocryptfs: https://defuse.ca/audits/gocryptfs.htm > Against a less-powerful active adversary who can modify the ciphertexts but has no access to the mounted file
81.
by exo762 4y ago
gocryptfs security model is not very good - attacker who has access to ciphertexts can do way more than casual user could expect. If you are interested in such things, take a look at CryFS paper: https://eprint.iacr.org/2017
82.
by exo762 4y ago
Ciphertext leaks information via its size and its presence / absence.
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by exo762 4y ago
> oligarchs Can Musk be considered such, considering his antagonistic relationship with current establishment? His acquisition of Twitter could be seen as his first move into politics realm.
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by exo762 4y ago
> In fact, crypto is completely dystopian because there is absolutely no space for cash in it, and further, by being distributed and therefore pseudonymous at best, it actually opens massive privacy and security pandora boxes. I don&#x27
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by exo762 4y ago
> What is the value proposition of web3 to the user? Potential of paying for services and being able to require privacy in return? It is not a choice one can make with many web2 services (e.g. google). As for "blockchains are transp
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by exo762 5y ago
Silver-lining - TV licence is no more, or so I heard. Which is great. Poland will hopefully copy this one and our own propaganda tube (TVP) will go the way of BBC as well.
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by exo762 5y ago
> Meanwhile Telegram hasn't seen such problems since they were starting out There is no point of even looking into Telegram's code - it is not encrypted. Why would researchers waste their time? Encrypted one-to-one chats is not
88.
by exo762 5y ago
Market forces are objective, real, external. They eliminate weak competitors, and cronyism weakens companies. So if capitalism is defined by existence of the market forces... than you are wrong. If you define capitalism as market + capital
89.
by exo762 5y ago
Both of you are wrong. ZK fundamentally does not allow to hide the rules (the code). It only allows to hide particular executions. So yes, while you can have an ERC20 interface and some censorious garbage inside (I look at you, USDC), you c
90.
by exo762 5y ago
More like Reddit minus global rules. But I also see differences. Subreddit admins manage both feed and comments. Here you can have that decoupled. The fun bit is comment tree moderation. Imagine different subtrees culled for different peopl

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