mhluongo

11 ms·

121.
by mhluongo 4y ago
> I think it’s hilarious that you think your wire was slow because of the geographical distance the message had to travel (“halfway across the world”) as opposed to the fact that it had to travel across jurisdictions with different laws
122.
by mhluongo 4y ago
Fees depend on the pool category in v3. They can go as low 0.05% for highly correlated assets
123.
by mhluongo 4y ago
"No one goes there anymore, it's too popular!" Yesterday over $2.1B in volume cleared on Uniswap [0]. It's certainly useable by someone. If you want cheaper fees, try it on Arbitrum or Optimism. [0] - https://
124.
by mhluongo 4y ago
Look into secure multi-party computation and "mental poker". I believe a version of this is solved today, but don't know the trust assumptions off the top of my head.
125.
by mhluongo 4y ago
Hm, by that logic we shouldn't ever do cryptography at all I guess? I mean keys get lost all the time, what's the point? On ZKPs... seriously, you're calling cutting edge advances in cryptography "voodoo"? Do you no
126.
by mhluongo 4y ago
Neither of those require centralized governance (see Handshake, see Uniswap v2) and you can get anonymous voting on-chain as long as you have a registry of voting weight (see a variety of ZKPs). It amazes me that on this forum for technolog
127.
by mhluongo 4y ago
Name systems. Decentralized forex. Censorship resistant voting.
128.
by mhluongo 4y ago
Depends on the custodial setup!
129.
by mhluongo 4y ago
I believe so! but try not to get too deep into it on HN tbh. Happy to discuss elsewhere though, my contact info is in my profile
130.
by mhluongo 4y ago
Ah, live and learn. Fun to share here, but as another commenter pointed out I don't want to spend too much time on it or burn bridges. They did great with Coinbase, but by and large missed crypto due to that attitude. Maybe they'l
131.
by mhluongo 4y ago
Of course! But it doesn't hurt. In my founder "generation" at least, many of us got excited and felt heard reading PG's old blog posts. A YC rejection can feel more personal when you've lionized them for years.
132.
by mhluongo 4y ago
I think it's useful to hear the stories. When you're a 1-3 person startup early stage rejection is harder to get over, and it helps to know others have succeeded regardless.
133.
by mhluongo 4y ago
I co-founded Fold [0], which went on to raise a $13M Series A from Craft and has some pretty incredible numbers. We were rejected a few times, one after a pretty spicy in-person interview where one of the partners told me to "have fun
134.
by mhluongo 4y ago
Pretty sure node runners would prefer a UASF to hybrid PoS or at least a different PoW algo over constant 51% attacks. I love Bitcoin, but you have to be able to consider hypotheticals like this. Similarly... a tail emission should be on th
135.
by mhluongo 4y ago
You can, with script. Most of us don't want that particular "feature".
136.
by mhluongo 4y ago
Money laundering: the concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses. Tornado Cash isn't for laundering money, it's for breaking the chain o
137.
by mhluongo 4y ago
That sounds awesome.
138.
by mhluongo 4y ago
A difference I've realized in nutrition: we don't always know what's in what we eat. Whether this is a nanny state move or legit consumer protection from misleading producers isn't as obvious as smoking, where the risks
139.
by mhluongo 4y ago
Just because you don't like something doesn't mean it should be illegal? Pretty obvious.
140.
by mhluongo 4y ago
> This is not really how smart contracts work. I've been programming smart contracts since 2017, and Bitcoin since late 2013 :) thanks though. Your comments are specific to Cardano, not a UTXO model. Look instead at what Fuel Labs i
141.
by mhluongo 4y ago
UTXO models are actually easier to scale — every Ethereum tx today gets a global state lock, making parallel processing of transactions difficult. Not so for UTXO models.
142.
by mhluongo 4y ago
Even excellent devs make security mistakes. That's why good teams build out processes like auditing, fuzzing, heuristics checkers, and require internal peer review. This "you must be perfect" mentality is detrimental to build
143.
by mhluongo 4y ago
They're two distinct issues in two distinct contracts, AFAICT.
144.
by mhluongo 4y ago
... that he also founded and planned to spin out with Celo, yes. James is the inventor of Optics, the cross-chain communication technique Nomad uses. Very unhappy with how Celo handled the situation, as was much of the technical crypto comm
145.
by mhluongo 4y ago
Bitcoin.
146.
by mhluongo 4y ago
You can build decentralized domain name systems with revocation. Many of the people building such things wouldn't be big into adding deplatforming into the base layer, though. These projects are about a more free internet, not about a
147.
by mhluongo 4y ago
> The only scaling solution is MySQL, just like the Bastion of Bitcoin, El Salvador is doing. Always was. Channel-based scaling is hard, sure. But optimistic and ZK rollups on other chains have both proven to be strong scaling alternativ
148.
by mhluongo 4y ago
I responded to that in the original comment. Whether or not a service requires rotation (bad practice), this tool won't work (can't handle compromised passwords).
149.
by mhluongo 4y ago
> Passwords should be regularly rotated Disagree. I'd even call required rotation a smell. Requiring rotation leads to people coming up with passwords more frequently, meaning they'll likely choose weaker passwords. On top of t
150.
by mhluongo 4y ago
Modern hardware wallets already implement hierarchical determinism, and have for a few years. Extending that further to do private keys per site wouldn't work on most chains I know due to chain state... Details in BIP-32 [0] and BIP-44

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