mattdesl

18 ms·

211.
by mattdesl 4y ago
A centralized organization like EA, you mean? That is what parent is pointing out: you don’t own the assets under license. If you want to see an example of decentralization in the context of a game, look at Dark Forest. https://w
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by mattdesl 4y ago
Yes, it’s much more democratic than the status quo in traditional online payment and digital asset systems. Users forked and had the choice to follow the DAO-revert chain. Another hard fork happened recently: PoS. There is still a PoW chain
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by mattdesl 4y ago
One idea would be something like RSS that supports social media like activity (posts, reposts), but with a user alias namespace that is registered by a shared and distributed ledger. I wrote about this here: https://mirror.xyz&#x
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by mattdesl 4y ago
The main value would be decentralization—the ability to carry your social graph across competing web and native clients, somewhat like RSS and Podcast apps. I wrote about it here: https://mirror.xyz/mattdesl.eth/_F9vQAU
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by mattdesl 4y ago
Technically, sure, but the artists (who are not trademarking their work) are putting this in the context of copyright infringement.
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by mattdesl 4y ago
Challenging to navigate. These demonstrations are technically copyright infringement if done for financial gain (selling a T-shirt with Mickey Mouse icon). The same would be true if you were to draw by hand Mickey Mouse with a gun and sold
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by mattdesl 4y ago
USDC hasn't collapsed, and it never should (or at least, no more than any other financial services you use daily) if it is properly regulated by US enforcement agencies.
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by mattdesl 4y ago
Decentralized exchanges can solve some of the problems now plaguing FTX investors, but there is still a big problem that the blockchain can’t solve: on and off ramps to fiat.
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by mattdesl 4y ago
USDC + L2 would be a suitable protocol for day-to-day purchases and nearly 0% fee, at least for those already in the system. But most of this tech is still basically in beta.
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by mattdesl 4y ago
Uniswap charges a fee per swap. Generating billions of dollars worth of fake stablecoin transaction volume per day would cost you millions of dollars. The comparison is suitable to show relative scale: $12B over some years sounds like a lot
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by mattdesl 4y ago
I am simply putting the number in context. Credit cards dealing with $8B USD of fraudulent charges per year sounds like a staggering amount until you realize it is a small fraction of all transactions. https://www.security.org&#x
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by mattdesl 4y ago
Not related to money/finances, but I wrote about Farcaster here which uses blockchain as a decentralized namespace registry for a social media protocol: https://mirror.xyz/mattdesl.eth/_F9vQAUeeBB9AJNwMNaE_G5kTcl1.
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by mattdesl 4y ago
Sure—the point is, $12 billion of transfers being attributable to exploits over several years is quite small considering crypto markets are slinging an order of magnitude more than that every 24 hours.
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by mattdesl 4y ago
Even if you only look at stablecoin volume, it is significant. 110B over the last 7 days: https://dune.com/hagaetc/stablecoins I guess you could argue the billions in daily transfers are wash trading, unless the transf
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by mattdesl 4y ago
$12B over several years sounds like a lot until you realize how much volume is in the crypto market - $179B in 24 hours according to one source! https://www.statista.com/statistics/1272903/cryptocurrency-t...
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by mattdesl 4y ago
No, because an L2 rollup isn't a typical cloud server. It's a form of verifiable computation: the server does some computation, and after a while posts a cryptographic proof of the state changes to a more secure ledger (the L1). T
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by mattdesl 4y ago
> currently in the thousands of dollars on the main Ethereum network That’s not right. Here’s a recent contract that cost less than $20 to deploy. https://etherscan.io/tx/0xd21e1757649ace2fa5d9a1c0f36ddfb495...
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by mattdesl 4y ago
This is only for the on-ramp and off-ramp on that site. If a user is censored by Stripe, and very determined to get into the digital game economy, they could probably find a local crypto exchange that would handle on and off ramps. Once the
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by mattdesl 4y ago
Example: a centralized game distributor builds an in-game marketplace for certain assets and user-generated content—think skins, plugins, and game mods that might cost $1 each. The owner of the platform collects a small fee on each sale in
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by mattdesl 4y ago
Think flipping through slides is mentally a bit easier to read, seeing one frame at a time rather than seeing content that is continually “loading.”
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by mattdesl 4y ago
A lot of users do care about this when push comes to shove. An example is happening on Twitter: a lot of users want to escape Twitter onto another platform, but they are 'locked' to the walled garden because they don't own th
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by mattdesl 4y ago
To expand on parent, you may wish to read a little more about USDC, Uniswap and non custodial wallets (also known as self custody). Uniswap would allow you to trade any token that follows the ERC20 interface (not all of them do, but many).
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by mattdesl 4y ago
The short answer is no, most exchanges are happy to take large deposits straight from an Eth or BTC wallet with a little bit of KYC, but your US bank might have put up the same guardrails and Coinbase could always fold in the same way that
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by mattdesl 4y ago
Fleeing one centralized platform into another is futile, and will end in the same problems. I wrote more about this below, covering less centralized protocols like Mastodon, Farcaster, BlueSky, nostr, and others: https://mirror.x
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by mattdesl 4y ago
There are a lot of alternatives popping up: BlueSky, Mastodon, Farcaster, nostr. There are also some older protocols that people are still building on like secure scuttlebutt. I've written about some of the differences of these protoco
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Social Media Protocols - Mastodon, Farcaster, and Decentralization(mirror.xyz)
1 points by mattdesl 4y ago|0 comments
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by mattdesl 4y ago
Depends on how the database and application was set up. In a properly formed ZK application you cannot obtain any reasonable information by brute force hashing names. Edit: I realize you’re probably talking about Callisto which does seems l
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by mattdesl 4y ago
Fast, general purpose, succinct, and non-interactive proofs are pretty new, see SNARK (2013), STARK (2018) and Halo2 (2020). Even more interesting is zkVM like RISC Zero. Practical and open source applications of FHE feels even more nascent
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by mattdesl 4y ago
The idea of a CEX directing this kind of engineering effort sounds like a nightmare. Tangentially related, see below for a better idea of “Twitter on the blockchain”: https://www.varunsrinivasan.com/2022/01/11&#x2F
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by mattdesl 4y ago
Of course, using a crypto multisig doesn’t give you a pass on the law. The closest example might be to point to TCP/IP which makes up the web and is (pretty) decentralized. Companies and even monopolies compete on top of this protocol

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