pa7x1

20 ms·

61.
by pa7x1 3y ago
The point of zk proofs is that you don't have to trust. But you can verify. Without having to rerun the computation yourself, simply verifying the proof which is much cheaper computationally.
62.
by pa7x1 3y ago
Not even within the SEC they seem to agree with this view. As shown by the plenty dissent letters SEC Commissioner Hester Pierce has sent. https://www.forbes.com/sites/digital-assets/2023/04/19/i-dis
63.
by pa7x1 3y ago
Well, if you were to ask in this very same forum if the trade-offs of private and permissionless communication, as granted by cryptography, should apply to money. You would get a much different answer. So either a large part of HN has alrea
64.
by pa7x1 3y ago
Gravity couples with anything that carries energy (in more precise terms with the energy-momentum tensor). Photons carry energy. Therefore there is interaction between photons and gravity. In particular, you can write Feynman diagrams for t
65.
by pa7x1 3y ago
Gravity cannot be exchanged by photons or any other spin 1 particle, for that matter. Spin 1 particles lead to repulsive forces for like charged particles. This leaves you with spin 0 and spin 2 as the simplest alternatives. Spin 0 doesn&#x
66.
by pa7x1 4y ago
It's related in the sense that the vanilla attempts to quantize gravity lead to infinities as described in the article. But the nature of these infinities is more troubling in the case of quantum gravity than those found in the rest of
67.
by pa7x1 4y ago
This is a valid observation. I suspect, in practice, almost everyone follows the sane approach of enforcing a code style in your codebase. I think what usually gets lost when this is brought up is that the point of this code style insensiti
68.
by pa7x1 4y ago
The only situation I can imagine this causing a problem in your codebase is if you intentionally want to mix camelCase and snake_case in your codebase and these 2 meaning different things. So if you don't enforce in your codebase a spe
69.
by pa7x1 4y ago
I think, at a minimum, we should update our Bayesian priors based on past evidence.
70.
by pa7x1 4y ago
Roger Penrose is a remarkable mathematician and has made profound contributions to mathematics and its application to General Relativity. But his opinions on Quantum Mechanics, (e.g., its relationship with conscience) are very fringe, when
71.
by pa7x1 4y ago
This is a complete misunderstanding of the state of physics. The problem is not theoretical physics, if anything, the problem lies in our technological/engineering prowess that has not been able to follow our advances in physics. The
72.
by pa7x1 4y ago
Current SEC's position seems to be mostly political posturing by Gary Gensler, and not necessarily based on technical or regulatory merits. There is strong dissent within the SEC with its most recent actions. Most notably by Hester Pei
73.
by pa7x1 4y ago
Yes, but the statement you make above is in general for staking. Not staking as offered by Coinbase. My comment above clarifies that the specific details of how the staking is implemented matter, at least with respect to Security's law
74.
by pa7x1 4y ago
There is nothing to rebut. Your argument has nothing to do with Security's laws or the legal jurisprudence around it. It can be substituted by "if it starts with B like Bitcoin, it's not a Security" which contains exactl
75.
by pa7x1 4y ago
Confidently wrong. Par for the course in HN.
76.
by pa7x1 4y ago
I think you forgot a prong in the Howey test. "With the expectation of profit from the effort of others." There are various forms of staking, if it requires running your own validator the expectation of profit is derived from you
77.
by pa7x1 4y ago
This was already my simplified version. What would you like me to expand on?
78.
by pa7x1 4y ago
For those wondering what this is about. Base is an optimistic rollup built on top of Ethereum. An optimistic rollup batches and compresses transactions and general computation. In an analogous manner that .zip or .tar.gz batch and compress
79.
by pa7x1 4y ago
This is not completely correct. Ethereum's return to validators has 3 sources: - new issuance - transaction fees - MEV The average yield over the last month (annualized) is over 5%. Source: https://beaconcha.in/pools E
80.
by pa7x1 4y ago
https://ultrasound.money/ Since the merge Ethereum has had net negative issuance. Ethereum's yield is not coming from dilution. The network is profitable, the profit is distributed to token holders and validators, plai
81.
by pa7x1 4y ago
The lasers are made by Trumpf in Germany.
82.
by pa7x1 4y ago
It's not every direction that points into the singularity inside the event horizon. It's time itself that points to the singularity, hence why it's inevitable to fall into the singularity in a Schwarzschild BH.
83.
by pa7x1 4y ago
Ether is a productive asset, you can get cash-flows through staking. You can also get access to debt and pay it. Aave, MakerDAO, Alchemyx...
84.
by pa7x1 4y ago
The fee revenues come from its users, they pay when they use an application built on Ethereum to settle the transaction. Most of the applications, specially the most successful ones, the ones that spend the most ETH, are financial in nature
85.
by pa7x1 4y ago
Ethereum's current valuation can be explained fully by its current use. With this I mean, if you take current demand for blockspace (i.e. demand to settle a transaction on Ethereum) in USD and issuance of ETH you get current prices. So
86.
by pa7x1 4y ago
There is also Vyper and Fe. But they are both much less mature, probably not recommended for production.
87.
by pa7x1 4y ago
https://twitter.com/ethereumonarm/status/1432251814402002948... This is just an example, there is plenty other hobbyists doing so. And here detailed instructions for you to try at home: https://docs.roc
88.
by pa7x1 4y ago
https://www.theblock.co/post/104263/an-ofac-compliant-bitcoi... A Bitcoin block is produced every 10 minutes. An Ethereum block every 12 seconds. It would take 98% of validators censoring transactions on Ethereum
89.
by pa7x1 4y ago
Over Ethereum there are completely automated exchanges (think Nasdaq), lending, escrow, stablecoins, zero-knowledge proof verifiers, games, payments... Blockchains are designed to meet the most extreme requirements of availability, censorsh
90.
by pa7x1 4y ago
Ethereum runs the EVM, which is a Turing complete execution environment. It can run things of arbitrary complexity. > Congrats, you've reinvented batch processing. This is an extreme over-simplification of zero knowledge proofs. Yo

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