rawtxapp

96 ms·

451.
by rawtxapp 6y ago
> Ps. I owned crypto until 2017 and then sold it because i didn't see a valid use-case. Do you think maybe you have some biases against it now, because it would have made you a lot of money if you held on to it? Nobody is paying 22$
452.
by rawtxapp 6y ago
I agree with you on the network effects of eth having most developer mindshare, but one thing to keep in mind about lightning is that a lot of end-user channels are private, so if you're just counting the number of channels or liquidit
453.
by rawtxapp 6y ago
Bitcoin is the reason we have Ethereum in the first place, so I'm not sure if your statement is fair. ICOs were a pump-and-dump fad. DeFi is proving to be useful and there are already DeFi projects coming up on Bitcoin (rsk, sovryn) an
454.
Kentucky governor signs crypto mining tax, clean energy incentives into law(theblockcrypto.com)
2 points by rawtxapp 6y ago|0 comments
455.
by rawtxapp 6y ago
That's interesting, I feel like the fees I pay on coinbase pro are magnitude smaller than the ones I've paid with dexes with much lower slippage as well. I'm curious which dexes do you use? Any aggregators?
456.
by rawtxapp 6y ago
> I think art is as much about status as it is about enjoyment, if not more. Which is exactly my point, to you , they are fools, to them, it all makes sense.
457.
by rawtxapp 6y ago
> If I had enough money the difference between couple of million and 50 is not all that significant I would sure pay By many measures, if you had 100M$, you'd be somewhere in the top 0.001%, a million dollar would represent 1% of yo
458.
by rawtxapp 6y ago
Do you need to pay millions of dollars for the enjoyment of looking at it? You can certainly do that with just a search query or a fake copy.
459.
by rawtxapp 6y ago
So are we trusting similarweb's data on Google itself? How trustworthy is it? How do they get their data? I've seen similarweb be off by magnitudes vs alexa for estimating traffic on some sites I own.
460.
by rawtxapp 6y ago
Majority of gas price spike comes from uniswap. Opensea which like one of the biggest nft marketplace is only responsible for 2% of the gas fees. You can see the gas guzzlers at https://etherscan.io/gastracker .
461.
by rawtxapp 6y ago
Unfortunately, current high gas prices make anything less than large defi transactions not worth it. Just transferring some ERC20 tokens cost like 15-20$, etc. EIP 1559 was supposed to make it more predictable, but with the eth2 speed-up to
462.
by rawtxapp 6y ago
You can use them without being affected by Bitcoin's volatility on the same kind of blockchains and smart contract platforms. And you can borrow stablecoins for your BTC without selling it.
463.
by rawtxapp 6y ago
These attacks also showcase the power that it gives and it will force the ecosystem to become stronger over time which arguably a good thing even though it suffers in the short term.
464.
by rawtxapp 6y ago
Everything is still de-centralized and you're the only person who has control over your funds. With cash, not only you won't get rich holding, the FED is determined to make sure it's value goes to 0. It seems like you've
465.
by rawtxapp 6y ago
> Who is 'people' here? People in the Bitcoin ecosystem. For example, when the Bitcoin/Bitcoin Cash split happened, you had people dumping one for the other to manipulate the price in their favor, you had miners that decid
466.
by rawtxapp 6y ago
You'd be surprised as to how many early holders sold at local maximums. And at the very least, that inequality can't be permanently maintained by printing more of it to give to the wealthy.
467.
by rawtxapp 6y ago
Exchanges could act as channel factories, for example, today they batch a bunch of withdrawals into a single transaction, there's really no reason why they couldn't simply open a channel for each person in that. It can be a third-
468.
by rawtxapp 6y ago
Nobody owns the "Bitcoin" name, people collectively decide which chaintip to call Bitcoin and that's it. The devs own "Bitcoin Core" which is just one implementation of the network.
469.
by rawtxapp 6y ago
They can't implement those changes uni-laterally, it would cause a hard-fork. In addition to devs and miners, you need users, network nodes and exchanges to agree to it as well. And even if that change were to go through, there will st
470.
by rawtxapp 6y ago
> you are trusting that this decentralized ledger will gain acceptance by the whole world. Bitcoin itself is inherently trustless, that's the whole point of it. You can trust that there will never be more than 21M Bitcoins, you ca
471.
by rawtxapp 6y ago
I'd say it's more transfer of power from politicians to the the people, but we can always disagree.
472.
by rawtxapp 6y ago
> Please explain to me how scaling is solved in bitcoin. The lighting network requires an on-chain transaction to create and close a channel both times. Channel factories solve this issue by being able to create and close many channels a
473.
by rawtxapp 6y ago
> The core issue I've seen that goes unanswered is what problem does BTC solve? To me, it's trustless money. I don't need to trust the US gov, I don't care about who they will elect or which wars they are gonna start
474.
by rawtxapp 6y ago
Because of the open nature of the blockchain, the IRS knows all your exact movements, so there's no nudge-nudge-wink-wink especially if you have tied your real identity to a Bitcoin address using a centralized exchange. Presumably, too
475.
by rawtxapp 6y ago
> Lightning, technically speaking, is garbage. Do you care to elaborate?
476.
by rawtxapp 6y ago
They could, the big difference is they would just be another player on the lightning network payment channel, perhaps a very big player, but not "own the whole layer" kinda big.
477.
by rawtxapp 6y ago
To me, it just says that we are still in the early days in the grand scheme of things.
478.
by rawtxapp 6y ago
You can just borrow against it to spend it. No tax whatsoever and you hold on to your asset.
479.
by rawtxapp 6y ago
> Opening and closing second layer channels is even more expensive than an average transaction. That's true if opening/closing channels require you to go to the blockchain, but channel factories will significantly ease the burd
480.
by rawtxapp 6y ago
Presumably there will be tools to automate that, but I agree with you it would be a pita.

More ›