iskander

11 ms·

91.
ZkREPL: An Online Development Environment for ZkSNARKs(0xparc.org)
1 points by iskander 4y ago|2 comments
92.
by iskander 4y ago
No problem. I think this stuff will inevitably leak back out of the crypto social circles and hopefully power future privacy enhanced web apps.
93.
by iskander 4y ago
>I totally agree that protocols like Aave, Curve and some others are extremely cool and useful technology, however, I've come to the preliminary conclusion that the degenerate disgrace that makes up 99% of the space now is permanent
94.
by iskander 4y ago
It seems OK though to just ignore all the vaporware, other than maybe asking regulators to create a legal or regulatory framework to better distinguish between Aave (0.9% APY on USDC) and MonkeyBank (20,000% APY!) The boring plain vanilla D
95.
by iskander 4y ago
If you peel back the feverish financialization, there are a few different areas of actual research which might be usable outside crypto, such as consensus methods for distributed computation. The one I have started following is the developm
96.
by iskander 4y ago
I'm really curious about DeFi being your focus, it has seemed to be that pretty much everything other than core DeFi protocols are weird casinos but things like Aave and Curve are niche but highly functional infrastructure. Can you say
97.
by iskander 4y ago
There should be some kind of award for these kinds of "well actually" comments on HN that lack any kind of intuition for the domain. Cartoon montage: "By my calculations..." followed by driving a car off a bridge. Edit:
98.
by iskander 4y ago
Awareness is healthily increasing and many people have shifted long-term holdings to a real centralized 1:1 stable (USDC) or extremely over-collaterized decentralized stable (DAI). The Curve "3crv" pool (which allows large volume
99.
by iskander 4y ago
I don't think 0.9993 counts as "priced in" when the consequences of holding significant USDT during another marketwide panic might be total loss of funds: https://pro.coinbase.com/trade/USDT-USDC
100.
by iskander 4y ago
The 2020/2021 bubble is going to look like a big missed opportunity for the crypto industry to get Tether's books right. It might have been their one and only chance to find enough dollars to actually make their backing 1:1. Now t
101.
by iskander 4y ago
Medical record digitization seems to have had a neutral-to-negative impact on hospital efficiency. It's hard to believe since the alternative sounds mind-numbingly inefficient but there are tons of low-tech streamlined processes (like
102.
by iskander 4y ago
That video is really remarkable, I would say even more impressive than the stock in the article. I wish any of the coverage would go deeper into what makes this forest "ancient" and whether rare species have found a niche there.
103.
by iskander 4y ago
Sorry for the outdated figure, I last checked about a week ago but I guess they change fast as everyone flees to stables.
104.
by iskander 4y ago
It's on here: https://app.aave.com/markets/ ...but rates have fallen already, I guess everyone is fleeing to stables and within stables everyone is fleeing to USDC. Current USDC rate is 1.46% (vs. 2% for USDT)
105.
by iskander 4y ago
I'd go with the 2.8% from Aave, I don't think I have seen anything better from the other major/reliable protocols.
106.
by iskander 4y ago
I withdrew everything from Gemini Earn since I have no idea whether Genesis Trading, who borrows through Earn, would survive a significant loss of USDT peg. USDC on Aave, Compound, or Curve all seem much safer.
107.
by iskander 4y ago
The "honest" yield of on-chain lending protocols has decreased significantly through the year since it mostly came from lending to leverage traders. For example, USDC yield on Aave is down to ~2.8%, I think Compound's stable
108.
by iskander 4y ago
The core financial infrastructure, like DAI and Curve, is weirdly robust: it's already been through quite a few crashes that would probably wipe out traditional financial plumbing. So, at the very least, keeping stablecoins on Curve an
109.
by iskander 4y ago
~50% increase in firearm deaths: https://www.statista.com/statistics/258913/number-of-firearm... Major increase in pedestrian deaths and general trend away from walking: https://www.iihs.org/topics
110.
by iskander 4y ago
Since 2009: https://gs.statcounter.com/os-market-share/mobile/worldwide/...
111.
by iskander 4y ago
>when there truly hasn’t been a better time to be alive ...I liked the 90s a lot better, other than gizmos and means for distraction I can't really imagine why someone would prefer the 2020s.
112.
by iskander 4y ago
Top five (non-stable) crypto assets: 1) BTC - PoW 2) ETH - PoW (but the Beacon chain PoS merge seems to be going well) 3) BNB - PoS-like 4) XRP - PoS 5) SOL - PoS So of the top five really only BTC & ETH are PoW and soon it will just b
113.
by iskander 4y ago
I got a 3 month lock from Chase this past October but it might be that things have changed since then.
114.
by iskander 4y ago
It's a tool for...atomically loaning and repaying large amounts of money. You can use that however you want, most typically for arbitrage to bring markets into equilibrium while earning a profit. The arbitrage isn't fundamentally
115.
by iskander 4y ago
It's a loan with a guaranteed atomicity in repaying. A single atomic transaction does: 1) Borrow $80M 2) Use $80M however you want 3) Return $80M + loan fees (e.g. on Aave this would be 0.09%) The lender is algorithmically guaranteed t
116.
by iskander 5y ago
Sorry for the somewhat sloppy phrasing. GUSD is 1:1 backed by USD, the bank accounts holding that USD are FDIC insured, and this arrangement has regulatory oversight: https://www.gemini.com/cryptopedia/gusd-stablecoin-g
117.
by iskander 5y ago
> the American monetary policy cudgel. We're trading it for having the safe subset of crypto denominated in USD pegged stables. Less direct power over other countries but still keeps the world transacting in dollars.
118.
by iskander 5y ago
>Not sure how you can use an asset whose price is fluctuating so wildly (and is correlated/anti-correlated to indicators and trends having little to do with your local government) as an effective hedge against incompetent/corru
119.
by iskander 5y ago
The security practice here is even worse than what you're describing, the company servers had been authorized to sign on behalf of the DAO, so only one compromise was required to get 5/9 validators.
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by iskander 5y ago
They really don't cut you off if you put 10TB of FASTQs in there and let strangers download them?

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