jude-

19 ms·

181.
by jude- 5y ago
Why buy the ETH, when stealing it out of buggy defi contracts is so much cheaper?
182.
by jude- 5y ago
Why does the attacker need to hold or buy any coins? All the attacker has to do to wreck havoc is prevent quorum from being reached. This can be done by knocking validators offline (which is a slashable penalty), or hacking validators and
183.
by jude- 5y ago
There's a big difference: the Federal Reserve System lives in the real world, where node misbehavior (i.e. officers doing bad things) is punished with jail time, with ruinous downstream consequences on their families. Wake me up when
184.
by jude- 5y ago
Coins that no ones' nodes validate are worthless, aren't they?
185.
by jude- 5y ago
Yes, exactly. It's not a case of "rich get richer," so much as it's a case of "capital is continuously and irreversibly re-invested." In equilibrium, mining breaks even.
186.
by jude- 5y ago
That "friction" is a feature, not a bug. The "friction" generates second-order benefits for society.
187.
by jude- 5y ago
Ha, yeah, I based it on Cory Doctorow's anti-spam form: https://craphound.com/spamsolutions.txt
188.
by jude- 5y ago
How long till we have a VDF ASIC that lets block producers fuck with this?
189.
by jude- 5y ago
In PoW, the "rich" have to keep selling their coins to buy more dedicated mining equipment in order to stay competitive. And because PoW hasn't reached "optimum efficiency," there's still profits to be had by b
190.
by jude- 5y ago
YouTube also promotes conspiracy theories, racism, anti-intellectualism, authoritarianism, anti-vaxxing, and so on. These things pretty severe negative externalities, to put it mildly. So let's not pretend that YouTube's existence
191.
by jude- 5y ago
> Banning PoW cryptocurrencies removes money that is currently on the side of "don't pass climate legislation because it will harm my PoW cryptocurrency business" from the table. That makes passing future legislation easie
192.
by jude- 5y ago
Your post advocates a (X) technical ( ) legislative (X) market-based ( ) vigilante approach to solving the double-spend problem in a decentralized cryptocurrency. Your idea will not work. Here is why it won't work. (One or more of the
193.
by jude- 5y ago
More feasible take: ban the trade of PoW coins that cannot be shown to have been mined via green energy.
194.
by jude- 5y ago
> But that's more working around the problems than fixing them, no? I don't think Unix signal behavior is the problem. The problems outlined in the article stem from people using them inappropriately. The new signal syscalls
195.
by jude- 5y ago
I think "unfixable" is in the eye of the beholder. A lot of these design choices make a lot more sense if you believe that complex Unix applications are supposed to be built from multiple loosely-coupled programs that perform exa
196.
by jude- 5y ago
> By sacrificing consistency you enter a realm where logic and cause and effect no longer apply The "C" in CAP refers to linearizable consistency, which is much stricter than causal consistency. You can build an AP system that
197.
by jude- 5y ago
The OpenBSD init system and OpenRC init system haven't had this problem for years -- even before systemd became a thing.
198.
by jude- 5y ago
PoW runs just fine on 100% renewable energy. That PoW pollutes at all is because society allows it . Nothing stops the EPA (and similar bodies across the world) from requiring exchanges in their jurisdiction to do taint analysis on newly
199.
by jude- 5y ago
Thanks for taking the time to write this primer! Does the protocol have any kinds of countermeasures for bad actors? As an attacker, it looks like I could easily insert malicious nodes into the spanning tree in-between any pair of honest no
200.
by jude- 5y ago
> I hope you're not managing anybody else's wealth because you don't seem to understand that not taking a position on something is a valid position Not if they want me to give them the time of day. No skin in the game? N
201.
by jude- 5y ago
Look, if you don't understand the tech, just say so. I'm happy to provide any clarifications and answer any questions you might have. EDIT: For example, do you still hold the misguided belief that non-mining nodes serve no purpos
202.
by jude- 5y ago
Unlike electric utility companies and ISPs, users don't have a choice in the underlying blockchain. This is more like Microsoft forcing people to pay for Windows when they buy a PC, even if they will install Linux.
203.
by jude- 5y ago
Then I guess you don't really understand UNIX either. Software modularity is a necessary part of the UNIX philosophy, but it's far from the only part. If it was that simple, then Windows would be UNIX thanks to COM. But that&#x2
204.
by jude- 5y ago
My code must conform to whatever programmatic interfaces that the exchange provides, even if they are not a good fit for the token's intended purpose. So yes, there is integration legwork that I the developer have to do. > Using
205.
by jude- 5y ago
Boy, did that touch a nerve! Hate to break it to you, buddy, but you can't do these things with defi tokens either. > Let me ask you, if you want to be a market maker for the NASDAQ, can you do so with $1K in capital? Can you do it
206.
by jude- 5y ago
I didn't say that. I'm saying that it's another unanticipated burden of building out a crypto project, which is what this twitter thread is going on about. EDIT: Also, sure, why not own the exchange too if you can swing it?
207.
by jude- 5y ago
The chart you share is buggy. If you click on the block size, you'll see it measures Bitcoin blocks as being around 800kb. This indicates that it's ignoring the segwit witness data. In reality, BCH blocks are a about 1/3 th
208.
by jude- 5y ago
Thank you for reaffirming my point! If you want your token traded on uniswap, you'll write the integration code pro bono , you'll pay a fee (a transaction fee to deploy it), and Ethereum miners (who run uniswap) skim transaction
209.
by jude- 5y ago
> USDC for example, is literally exchangeable for $1. Thank you for reaffirming my point! The purpose of defi is to re-distribute dollars from people buying in to people cashing out, while providing literally no other goods or services.
210.
by jude- 5y ago
He forgot a point: exchanges are the house, and the house always wins. Want your token to be traded on an exchange? You'll pay a fee, you'll do all the integration legwork for them pro bono , and then they'll skim money off

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