glerk

24 ms·

241.
by glerk 4y ago
In practice, the law would protect them if they were the owners of the exchange. But here the "exchange" is just a public piece of code that all participants agree to interact with. I can't even begin to imagine the legal hoo
242.
by glerk 4y ago
Publishing a piece of code on a public blockchain cannot be made illegal. The Court of Appeal already ruled that code is speech making this a first amendment issue [1]. Decentralized finance is here to stay as an alternative to the traditio
243.
by glerk 4y ago
> If did have an owner, that person is probably violating all sorts of securities laws in countless jurisdictions. That's probably what upsets me most about this story. These developers want to have it both ways: it is decentralized
244.
by glerk 4y ago
Probably? A priori there is nothing wrong with someone who owns a large amount of a certain asset transferring it into a liquidity pool in exchange for a different asset. It gets more murky if a founder explicitly lies to investors in order
245.
by glerk 4y ago
A smart contract deployed on a public permissionless blockchain is not owned by anyone. Only the contract's logic determines how one can interact with it. This is a fact. It doesn't matter who can make the best argument in court.
246.
by glerk 4y ago
They really don't have any leg to stand on. A smart contract is a piece of code running on a public permissionless blockchain. The developers who deployed that code do not own it. Medjedovic had as much the right to take money out of
247.
by glerk 4y ago
Absolutely, they are guilty, but they won't take any responsibility. When you deploy a smart contract on a permissionless blockchain, you don't own the smart contract or the funds that it controls. These developers are hypocrite
248.
by glerk 4y ago
The big crypto exchanges are currently acting as a sort of unofficial federal reserve. None of the big players has an interest in seeing USDT collapse and will step in to bail it out at the first signs of trouble. I'm not saying that T
249.
by glerk 4y ago
So Tether is doing something akin to fractional reserve banking? From what I understand, this shouldn’t cause a problem unless there is a massive run (everyone trying to convert their USDT into dollars at the same time). Since most of the U
250.
by glerk 4y ago
TIL HTTP code 420 is a thing.
251.
by glerk 4y ago
This. Problems like preserving life on earth, and expanding to other planets are something that our descendants will have to solve. Increasing the intelligence of future generations is not only ethical, it is our duty.
252.
by glerk 4y ago
> Committing climate arson so that you can get rich speculating on cryptocurrency That's such a hyperbolic and frankly disingenuous way of putting it. Any human activity consumes energy to an extent. You are calling it "climate
253.
by glerk 4y ago
Benzos are pretty terrible drugs in general. The physical addiction potential and withdrawal people are going through are enough to dissuade me from touching them. For folks dealing with anxiety, I recommend trying propranolol. It is not a
254.
by glerk 4y ago
We stand on the shoulders of giants
255.
by glerk 4y ago
And who are you to decide what power should or should not be used for? Someone appointed you king of the world? It’s natural to want to impose your will by force and make everything you don’t like illegal. But consider that tomorrow, the ro
256.
by glerk 4y ago
> We now need to come to terms with this failed experiment and call it all off and make them all illegal Who is “we”? Ironically, crypto was invented to protect individuals against the authoritarian tendencies of people such as yourself.
257.
by glerk 4y ago
Interesting. I didn't know much about the LUNA ecosystem outside of UST, but it looks like they had built quite a bit of applications: https://www.terra.money/ecosystem I don't know what stages these projects were
258.
by glerk 4y ago
What is a "typical pro-crypto reaction against everyone else" friend? I am flattered that you took the time to comb through my comments to determine whether I was on "your side" or on the "other side". And yes,
259.
by glerk 4y ago
> Cryptocurrency is gambling, plain and simple Cryptocurrency is a lot of things. Bitcoin, Ethereum, Monero and LUNA are very different technologies/products/networks/concepts. The decentralized aspect is the only overlapp
260.
by glerk 4y ago
I may be wrong, but I assume that once Twitter becomes a private company there will be no more board and Elon will be the CEO. Parag may stay at the company in a different role.
261.
by glerk 4y ago
If you’re so sure about that, put your money where your mouth is and go short it.
262.
by glerk 4y ago
BTC, ETH and XMR are pretty comfy. A lot of scams are going to get purged, and that’s a good thing. Good projects will survive as they always do.
263.
by glerk 4y ago
> The scientists have this prejudice that some groups are advantaged, and that if they complain it’s caused by a misperception. 100% correct. Calling these people "scientists" is giving them too much credit. These are propagand
264.
by glerk 4y ago
All these cities still have a housing market albeit a more regulated one than your average American city. Housing is still developed and owned by private interest and responds to supply and demand. We could debate the policies of these spec
265.
by glerk 4y ago
Housing shouldn't be a market? Then how would housing be allocated? The state builds and gives housing to everyone? Maybe you should take a trip to Eastern Europe one of these days to see the final result of what you're advocating
266.
by glerk 5y ago
Let’s be honest, cancelling is a good thing as long as you are in power and doing the cancelling.
267.
by glerk 5y ago
Is it my responsibility to help these people continue their careers? I have worked on tools that help businesses fill out legal forms without the need of a lawyer. By the same logic, am I “stealing” from the lawyers who need this friction t
268.
by glerk 5y ago
It’s been more than a decade since I had the opportunity to plug this educative video in an internet conversation: https://youtu.be/IeTybKL1pM4
269.
by glerk 5y ago
Ok who is Guido van Rossum and why should I care? There is no argument here, it’s just a link to a tweet with the exact same content as the title.
270.
by glerk 5y ago
> Who are you, guys? Americans? Russians? Chinese? We are all free citizens of the cyberspace here. Take your nationalism back to meatspace :)

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