miracle2k

10 ms·

61.
by miracle2k 4y ago
> That’s how laws work. Not really. It's entirely reasonable to expect regulatory agencies to lay out in painstaking detail and with perfect clarity the necessary criteria for anyone to know what is or isn't within bounds, and
62.
by miracle2k 4y ago
> That's exactly what happens here because new coins minted for stakers have any value only because new investors purchase the currency and prop up its price One could design a "staking" system that is directly reliant on
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by miracle2k 4y ago
> You may (deliberately) miss the point: that people survive this way doesn’t mean it vindicates oil existing. What does it mean to "vindicate" oil existing? It simply does. As does crypto. Now, some people, maybe you, might as
64.
by miracle2k 4y ago
Coinbase mining at a loss makes it more difficult for other miners to turn a profit? The profits for miners = the security budget. The chain will work fine regardless, it's just less secure.
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by miracle2k 4y ago
The government can also make the use of cash illegal. They can also put a huge dent into encrypted messaging by sending anyone caught using straight to the electric chair. They can drag you out of your home at night. (So can your neighbour
66.
by miracle2k 4y ago
> If it is unconstitutional to ban sales under 18 of legal material then it would be unconstitutional to ban the sale of guns to under 18 year olds as well. Why should it be neat like this? For guns, the court might look at the second am
67.
by miracle2k 4y ago
This may contain some informative details about the constitutional analysis: https://en.wikipedia.org/wiki/Brown_v._Entertainment_Merchan... > First, we are talking about internet porn, not porn books or magazines o
68.
by miracle2k 4y ago
I don't really get the proposal. Are you saying there is currently confusion as to whether a Mastodon user inadvertently issues a license for their copyrighted content to be included in full text search, simply by using Mastodon? If no
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by miracle2k 4y ago
> Except that they never actually asked the law if code can be law. They just...decided among themselves. And somehow expect the law to follow along. The premier smart contract platform, when they had a bug in a popular dApp, summarily f
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by miracle2k 4y ago
> So what exactly is so complex that Ethereum runs that it processes stuff so slowly? Nothing against the talented devs working at Klarna, but if they have trouble handling the load, they can always add a couple TB of memory or a couple
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by miracle2k 4y ago
> Cause the whole NTF space is held up by a general misunderstanding of ownership and rights. It would we more correct to say that critical NFT commentary is held up by misunderstanding about what digital art collectors actually think an
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by miracle2k 4y ago
Social consensus > blockchain consensus. Its the job of miners/validators to pick the head of the chain. But users have the ability to send transactions to whatever p2p network they want to send it to, even if it's a fork propo
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by miracle2k 4y ago
The trilemma is not a law of mathematics with binary outcomes. It's an attempt to describe certain tensions inherent in building blockchains. A great deal of work as been done on Ethereum to balance these tensions. Rollups increase thr
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by miracle2k 4y ago
No, the layer 2 inherits the trust-assumptions and security of the L1.
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by miracle2k 4y ago
There are of course many marketplaces and interfaces that are not any harder to understand or use than OpenSea, and if someone doesn't do so yet, not being able to use OpenSea will give them plenty of reason to learn to do so. Througho
76.
by miracle2k 4y ago
It's not just about the jury. Public opinion motivates and incentives all actors, from prosecutors, regulators and judges.
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by miracle2k 4y ago
I don't believe libertarians have a problem with punishing transgressions against sensible anti-fraud laws post-fact, which seems to be what the article is calling for.
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by miracle2k 4y ago
> Not because it isn’t distributed, because as we’ve seen so much of what’s required to make it work is already not distributed. The one thing that counts is: the ownership of the token, and your inviolable ability to decide who gets to
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by miracle2k 4y ago
Gas fees have nothing to do with Proof of Stake or Work. You are not paying for the work done. They are a function of demand / availability for block space .
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by miracle2k 4y ago
> You cannot divorce the technical side from the garbage crypto brings. > Those who understand the technical features can see there is nothing there to justify the hype, I'm confused, is it bad tech or is it undesirable effects?
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by miracle2k 4y ago
Additionally, there are states that are partly 0 tax (Saudi Arabia I believe used to be), and they still have a functioning currency.
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by miracle2k 4y ago
Conversely, declaring "this is the law" doesn't change the fact that the Bitcoin or Ethereum networks process these transactions anyway.
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by miracle2k 4y ago
Aave is decentralised.
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by miracle2k 4y ago
> So, what exactly have you solved? Ownership of your funds, which is the primary requirement from which all others stem. You will still have those when you regain access to the internet, or the ability to spend them. The reality is th
85.
by miracle2k 4y ago
This is really interesting, and I'd love to learn more about it. One thing to look into is rollups - they will soon enable custom application with cheap transaction fees, but with the full security of Ethereum. See e.g.: https:/&
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by miracle2k 4y ago
The data that matters is all on-chain: the smart contracts and the balances. This is why what Tim talks about has actually played out, and we have seen incredible composability between different protocols. > We've seen this play o
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by miracle2k 4y ago
> If you do not do evil, then you have nothing to fear. If you have something to fear despite doing no evil, let's fix the government. So - if I have to fear being being shutoff from the financial system by private actors who dislik
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by miracle2k 4y ago
There is no reason for payment processors to be liable. If you have a problem with Bitcoin, you need to support a general, unrestricted right be all persons and orgs to be served by the financial system, except maybe for a narrow and limite
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by miracle2k 4y ago
> I have never -- never -- encountered a value-producing use case for cryptocurrency that can't be solved by either signed git commits or a SQL database. The value is in a permissionless and censorship resistant financial network. Y
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by miracle2k 4y ago
And yet, Tornado Cash is still running.

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