pa7x1

26 ms·

91.
by pa7x1 4y ago
https://withdrawalsdevnet1.ethpandaops.io/ Testnets already happening. Q1 2023 on the table.
92.
by pa7x1 4y ago
The key observation is that there is no simultaneous. As in, an objective, observer independent, notion of simultaneous. Each observer carries its own notion of simultaneous and observers in different reference frames call different things
93.
by pa7x1 4y ago
I just tried out of curiosity. The jumbled words get broken up into different tokens, the unjumbled words do not get split. https://imgur.com/a/a3zmkIv
94.
by pa7x1 4y ago
Uniswap, Aave, RocketPool, MakerDAO, Curve... They are all built on top of Ethereum. They operate without human intervention, providing exchange facilities, lending, decentralized staking, stablecoins... The basic primitives of an automated
95.
by pa7x1 4y ago
Do you think this is an unbiased source? Considering Central Banks have a monopoly on the issuance of currency and cryptocurrencies directly subvert this? The current head of the ECB, Christine Lagarde, stated this year that "inflation
96.
by pa7x1 4y ago
This is not it or not sufficient explanation. chatGPT is able to read text with letters purposefully scrambled. Like those texts that show how humans have an innate ability to read text with letters misplaced. chatGPT can understand the tex
97.
by pa7x1 4y ago
You are falling pray to the tolerance paradox, I'm afraid. Unlimited tolerance against the intolerant leads to the disappearance of the tolerant. Von Neumann understood these subtleties, perhaps too well, seeing where we are at today.
98.
by pa7x1 4y ago
Physics uses fields to describe physical quantities that have a value for each point in space. For example; the temperature in a room is given by a field, the breeze in a room is given by a field. These two fields are not of the same kind,
99.
by pa7x1 4y ago
We often hear these days from science commentators if Physics should receive or not funding for the next big accelerator, High Energy Particle physics detector or gravitational wave interferometer. Most frequently brought argument is the la
100.
by pa7x1 4y ago
Perhaps they are not capable of understanding why you cannot simulate a quantum computer with a classical computer. Sometimes even smart people are wrong about stuff, that doesn't make them necessarily malicious: https://en.
101.
by pa7x1 4y ago
Absolutely. Centralized crypto exchanges should have the same regulation and oversight as brokerages/banks/other financial institutions. Because they are that type of institution, just having crypto under custody doesn't make
102.
by pa7x1 4y ago
It's partly a UX thing, uniswap can be expensive at certain times. This is beind worked on actively with rollups. But there is still more work to do. It's partly also because you have to bridge from traditional finance to cryptocu
103.
by pa7x1 4y ago
https://www.interactivebrokers.com/en/index.php?f=2334&p=fin... > Client money is segregated in special bank or custody accounts, which are designated for the exclusive benefit of clients of IBKR. This protectio
104.
by pa7x1 4y ago
You make good points, this by itself is not sufficient. That doesn't mean it's not useful, though. For Centralized Exchange you need additional regulation to ensure that level of customer protection. And yet, regulation itself is
105.
by pa7x1 4y ago
> The 'DeFi' systems you mention are not in control of vast sums of money, like the exchanges are. People want to use the exchanges and solving the problem by telling people to do other things isn't effective. Uniswap alon
106.
by pa7x1 4y ago
It's not necessarily about covering all liabilities of an enterprise nor all its assets. It's about building a proof that you hold your customer assets and you are not running a fractional reserve. You may still run an unprofitabl
107.
by pa7x1 4y ago
These failures are in traditional finance, there was nothing related to blockchains or cryptography in the FTX internal operations or accounting books, nor in DCG/Grayscale, nor in BlockFi or Celsius. These are the failings of traditio
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by pa7x1 4y ago
> Just curious how the dominoes will fall but it does seem like the people that invested in cryptocurrencies underestimated the risks of corruption. It looks like programmable money and clever financial engineering makes embezzling money
109.
by pa7x1 4y ago
I get the point and I can understand how it can feel like that from the outside. But the same people that are saying that FTX is not crypto now, were saying it before and same applies to Coinbase, Kraken, Binance... Luna and Terra were cryp
110.
by pa7x1 4y ago
Nothing dumb about what you said, that's a valid argument. A bug, either unintended or intended as a hidden "feature" for the scammer. Is one possible way to execute a rug-pull on DeFi or, in general, result in losses for its
111.
by pa7x1 4y ago
You are absolutely right, but this highlights that what you are seeing these days with the failure of FTX and its associated fall-out is not a failure of cryptocurrencies or blockchain or any statement of its merits or demerits. It's a
112.
by pa7x1 4y ago
This list is absolute rubbish. 1. OneCoin: Not even a cryptocurrency, a centralized currency. https://en.wikipedia.org/wiki/OneCoin 2. Thodex: A centralized cryptocurrency exchange. https://en.wikipedia.org&
113.
by pa7x1 4y ago
> What defi provides is completely useless in 99% of cases. What DeFi provides are the foundations of a publicly verifiable financial system. So either you ascribe that financial systems are useless or that public verification is useless
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by pa7x1 4y ago
HN commenters pretty often ask what is a good use case of blockchains or cryptocurrencies. Well, the failures you are seeing now are not in the blockchain native finance. They are failures of traditional finance in an unregulated industry.
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by pa7x1 4y ago
Not knowledgeable: https://scholar.google.com/citations?user=M93Auk4AAAAJ&hl=en https://people.csail.mit.edu/silvio/ https://www.semanticscholar.org/author/Steven-Goldfeder&#x2
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by pa7x1 4y ago
Don't let the schadenfreude and confirmation bias get to you. Centralized exchanges never had anything to do with the value proposition of cryptocurrency. And trading on them is just speculation with no relation to crypto. It's wh
117.
by pa7x1 4y ago
https://medium.com/@Ignas_defi_research/2022-state-of-defi-p... DEX volume seems to be around 10-20% of CEX volume. But CEX is easier to overstate as it's cheap, sometimes commission-less. While DEX volume always
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by pa7x1 4y ago
This effect clearly exists. It suffices to check how physics and math were expressed in the papers that discovered them and how they are currently represented to notice that sometimes organizing knowledge in the right framework and simple n
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by pa7x1 4y ago
Isn't this evidence that this process has started to occur? The difficulty to make progress in certain areas of math pushes mathematicians to the shallower areas where it's easier to make a contribution. Progress in the first ones
120.
by pa7x1 4y ago
Math used to be a young person game, but it now requires so much knowledge just to get to the frontiers of human knowledge, not to speak of making a dent into uncharted territory, that results are being obtained later and later in life. Whe

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