mattdesl

33 ms·

331.
by mattdesl 5y ago
How does this prevent a single instance growing to massive proportions, and then its property (and private data!) being sold to highest bidder? Those who self-hosted their data will have no problem, but the majority of users aren’t self-hos
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by mattdesl 5y ago
“why the distributed ledger?” (Jan 2022) https://mirror.xyz/mattdesl.eth/2WNUAK_DuQsxj3Ei3CY-IlWyVb8V...
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by mattdesl 5y ago
Users sent their tokens to a contract that is less than 24 hours old, with code that had no prior exposure to the market. It does not take an expert to learn that “sending your tokens to random contracts is a high risk activity.” But I will
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by mattdesl 5y ago
The simple answer is to not put your life savings into “Akutars”[1] untested and unvetted token contract. [1] https://www.aku.world/
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by mattdesl 5y ago
Same with physical trading cards; buying a MtG card does not give you license to copy the card and redistribute it or repurpose it for your own MtG game business (it will count as copyright infringement, even if the publisher has shut the o
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by mattdesl 5y ago
> That's totally what happened. We are in a renaissance of artistry, of artists creating meaningful art out of conviction, and making a living. I assume this is sarcastic, but to be fair, generative and computer art really is thrivi
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by mattdesl 5y ago
Not necessarily - this depends on the chain and protocol. For example governance of ETH is off-chain, and there is no token voting. Developers come to a consensus and create new spec as a fork, clients and ecosystem may decide to follow tha
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by mattdesl 5y ago
The achievements I listed cannot only be solved with regulation.
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by mattdesl 5y ago
- Banks and financial systems use COBOL/FORTRAN not because they want to, but because the systems are decades old, the knowledge of how it works often lost, and making small changes or adding new features could lead to catastrophic fai
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by mattdesl 5y ago
> Moving money between bank accounts in an immutable way is extremely cheap already. Only true in certain countries, between certain banks/processors, and within certain thresholds. My last last transaction fee on Tezos was a fixed
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by mattdesl 5y ago
There are several properties of blockchains that could improve upon our current financial structures. 1) Custody: with fiat, the concept of self-custody is "store your cash under your bed," and as we continue to move away from cas
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by mattdesl 5y ago
> You can also: - run for office - organize people politically I think parallels to this are also happening in crypto networks, e.g. a user deciding to participate more directly in Eth protocol governance by sitting in on R&D and cor
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by mattdesl 5y ago
This is an interesting line of thought. Which currency is more democratic: USD, or BTC/ETH? With ETH for example, I can create a new EIP, and if the majority of users agree with it, the currency can evolve. For example see EIP-1559 ado
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by mattdesl 5y ago
you are asking this question in an echo-chamber. :) you’ll find a lot of developers who feel there is plenty of interesting work in blockchains and crypto. one example is zero knowledge research and how it applies to crypto (zk rollups, zkE
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by mattdesl 5y ago
> For example ETH staking, where to avoid middlemen, you have to stake 32 ETH. end goal would be more usage of decentralized staking pools, see Rocket Pool. this way, the ‘middleman’ is a set of smart contracts; the validators (who only
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by mattdesl 5y ago
Last month's OpenSea volume was $2.4B, the volume so far for the first nine days of April is $1B.[1] The average volume over the last few months is somewhere around $3B. Certainly the monthly volume and overall interest will rise and f
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by mattdesl 5y ago
Presumably Bluesky's social media protocol will need to operate on some data/ledger structure, to maintain a large social graph (follower/follows), user records (public key hashes, posts, etc). If too few nodes are hosting th
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by mattdesl 5y ago
Who would host the data? BitTorrent protocol has a notorious “seeder/leecher” problem. And how would that hosting mechanism be resistant to collusion and manipulation? For example, a signature or zero knowledge proof is published onto
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by mattdesl 5y ago
How would bluesky address the “political decentralization” aspect that is present in some blockchains? i.e. ensuring the protocol ends up being widely distributed rather than hosted and managed by a centralized few. Cryptocurrencies seem to
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by mattdesl 5y ago
Nice article! It’s a great API, hope to see the kinks ironed out. I am using it to stream PNG frames in real-time into a user’s file system, for web-based media tools. This allows the user to generate their own HD video files offline at max
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by mattdesl 5y ago
thanks, hadn’t heard of Nano before, it looks interesting. I should correct to say a decentralized public ledger “free of transaction costs” is hard if not impossible. Nano seems to remove fees by having users engage in PoW (ie: cost of ene
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by mattdesl 5y ago
transaction fees on L2s are in fractions of a cent, certainly lower than the fees paid to PayPal or Stripe on regular international payments. a feeless public ledger seems unlikely to ever work at scale; it would immediately be polluted by
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by mattdesl 5y ago
Perhaps worth clarifying: emissions are tied to hash rate (and price action), not transaction count which is effectively capped by limited block space. Your post makes it seem that Stripe’s service getting used will quickly increase emissio
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by mattdesl 5y ago
presumably a Stripe service built on ERC20 would support stablecoins (DAI, RAI, USDC), which will be pretty central to many crypto-commerce businesses. there is no greater fool in these closed systems. source: I am selling art prints via st
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by mattdesl 5y ago
Probably the majority of these would use Canvas2D for a mix of: fingerprinting, tracking/ad tech, feature detection, font metrics, CPU rasterization & pixel manipulation. Occasionally it will be used for specific elements, games, a
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by mattdesl 5y ago
This is great to hear! I'm an artist and much of my work builds on Canvas2D, it's a simple API and provides a nice balance of features and constraints. I'd love to see more development on Canvas2D API and standards. There&#x2
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by mattdesl 5y ago
plonk based proof system can take advantage of an existing universal setup (like Powers of Tau ceremony). I’d be curious to know more about how Mina approaches this though.
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by mattdesl 5y ago
zk proofs could be used to add privacy features to a blockchain, but also verifiable computation. Ethereum smart contracts are bound by “gas” as they run on-chain (and so highly expensive computation is infeasible), in Mina the smart contra
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by mattdesl 5y ago
Not the first NFT marketplace to shut down; and won't be the last. Depending on the implementation, this may or may not have much of an impact on the assets being distributed and/or traded on the platform.[1] I suspect most market
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by mattdesl 5y ago
Not unlike signed art prints, or really any work distributed by an artist. Often these are certified by the artists themselves. For further reading, see [1]. [1] - https://mirror.xyz/mattdesl.eth/eUrK8MrRfKFJYVKTwi5F4mC

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