gibsons77

5 ms·

1. 1.▲
   by gibsons77 8y ago

   Also known as the oracle problem. Some platforms find solutions to this in a decentralized way, see Augur. The solutions to real world data being inputted into a blockchain is an economic one.
2. 2.▲
   by gibsons77 8y ago

   Is Elixxir just another dPoS system?
3. 3.▲
   by gibsons77 8y ago

   I have a question. Why do cryptocurrencies illicit such strong responses from both sides?
4. 4.▲
   by gibsons77 8y ago

   There's a way to store this in an immutable and trustless manor, but the B word gets a lot of push back around here.
5. 5.▲
   by gibsons77 8y ago

   "When will this internet hype finally die?"
6. 6.▲
   by gibsons77 8y ago

   I don't see this ever being an issue, frankly.
7. 7.▲
   by gibsons77 8y ago

   Right. Perhaps comparing the coo to checkpoints isn't an apt analogy. However, the intent is the same. Without a coo, transactions would be probabilistic and confirmed once they went above a cumulative weight threshold, but the transac
8. 8.▲
   by gibsons77 8y ago

   Right, but that's thanks to innovation in the digital media space and subscription models, not necessarily regulatory pressure.
9. 9.▲
   by gibsons77 8y ago

   Hence the word analogous. They are both training wheels for their respective networks.
10. 10.▲
    by gibsons77 8y ago

    You've just described Bisq
11. 11.▲
    by gibsons77 8y ago

    Sounds like torrents all over again, i.e. a giant waste of resources. Criminals will always be one step ahead of the DOJ or any other regulatory body.
12. 12.▲
    by gibsons77 8y ago

    IOTA is moving towards an open source coordinator (released today on github), and eventually coordicide (which is what it sounds like). It's been the goal of the project from day one. Bitcoin had checkpoints when it started; the coordi
13. 13.▲
    by gibsons77 8y ago

    And also not accurate.
14. 14.▲
    by gibsons77 8y ago

    That's just due to liquidity. The peg is maintained through arbitrage, so of course if you have low liquidity you're going to have fluctuations around the peg.
15. 15.▲
    by gibsons77 8y ago

    Isn't traceability a positive aspect for cryptocurrency in this case? You've got nothing to worry about if you're an honest investor, and frankly, this is one of the benefits of a pseudoanonymous crypto.
16. 16.▲
    by gibsons77 8y ago

    There's a decentralized peg to USD called DAI which is backed by ETH as collateral. It's maintained the 1$ USD peg throughout the entire crypto bear market. MakerDAO is quite impressive, and I hope to see it absorb the liquidity a
17. 17.▲
    by gibsons77 8y ago

    I've used it and it's fairly straight forward if you're tech savy. I bet on the midterm election, and the price of ETH. Since it's just a set of smart contracts, I expect market makers to start building 3rd party UI&#x27
18. 18.▲
    by gibsons77 8y ago

    I remember showing a friend this really crappy online video stream in the late 90s, and I think he said something like "How can this ever be useful? I can rent a DVD and watch high quality video without any interruptions." He wasn
19. 19.▲
    by gibsons77 8y ago

    That's just simply not true. Stock markets / futures markets are not decentralized in any sense of the word. You still require a 3rd party if you're going to trade derivatives over the counter.
20. 20.▲
    by gibsons77 8y ago

    I agree that this particular example may not seem useful (since there are other, centralized ways to trade AAPL derivatives), but the useful thing here is that it's all within the same ecosystem. I've traded for years using broker
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    by gibsons77 8y ago

    Yeah, but it's a stablecoin pegged to the USD. This allows other projects, like dydx to create derivatives products based on this peg. You have other protocols that use the DAI peg to create stock market derivatives. Today, I can trade
22. 22.▲
    by gibsons77 8y ago

    So you think decentralized finance is a ruse? I can trade AAPL stock derivatives using ETH on the blockchain today. How is that not useful?
23. 23.▲
    by gibsons77 8y ago

    I guess DAG with a merkle tree data structure would be more appropriate. Blockchain should be reserved for DAG's that use Nakamoto Consensus (or similar) to determine the longest chain.
24. 24.▲
    by gibsons77 8y ago

    There is an EIP 1337 "Subscription Services on the Blockchain" that I think will supplement/replace tokenomics. It's what it sounds like, a decentrilized subscription protocol that allows builders to monetize their d-app
25. 25.▲
    by gibsons77 8y ago

    Building d-apps is now financial advice?
26. 26.▲
    by gibsons77 8y ago

    TIL that MakerDAO, DAI, Digix, dydx, dharma protocol, 0x, derivatives tokens, Augur, and Aragon aren't useful.
27. 27.▲
    by gibsons77 8y ago

    1) How do you explain the 12 Russian operatives from Mueller's indictment?
28. 28.▲
    by gibsons77 8y ago

    The only way 'blockchain' would be beneficial is if it was on a public ledger.
29. 29.▲
    by gibsons77 8y ago

    Could just be interstellar dust coating the sail.
30. 30.▲
    by gibsons77 8y ago

    It can handle economic decisions within an organization using democracy, or multi-sigs to a few trusted individuals. It's also connected to Web 3.0, so you have all of the benefits of being within the ethereum ecosystem.