rawtxapp

13 ms·

91.
by rawtxapp 5y ago
It's good news for current holders with large holdings, it's bad news for new people coming into the system which is why I said it makes it exclusionary over time.
92.
by rawtxapp 5y ago
A PoW miner has to spend to cover their costs, a staker doesn't have any cost to cover, providing a cryptographic signature requires no energy on an ongoing basis, just an initial investment. PoW requires constant investment or you
93.
by rawtxapp 5y ago
The profit margins of a miner is pretty slim. If the price increases, mining becomes profitable, competition increases bringing down the profitability, likewise in reverse. So yes, you need money to mine, but whatever you mine, you pretty m
94.
by rawtxapp 5y ago
PoS is a pretty broken system imo, it essentially codefies "rich gets richer" into the protocol. The biggest holders now control both the supply on the exchanges and the protocol itself. It creates all kinds of weird issues (for e
95.
by rawtxapp 5y ago
If you're looking at in in terms of transaction on the blockchain perhaps, but the reality is that a single transaction on the blockchain actually maps to many other transactions (for example, exchanges batch their outputs, so even tho
96.
by rawtxapp 5y ago
Smart contracts don't need to be implemented at the base layer, you can have other layers and protocols and still transact in Bitcoin. There is rsk, sovryn and rgb on lightning and you can still use Bitcoin with ethereum or other sma
97.
Multiple Hydropower Plants Up for Sale in China as Crypto Miners Flee(finance.yahoo.com)
2 points by rawtxapp 5y ago|0 comments
98.
by rawtxapp 5y ago
This is it, for companies that are not generating money, it's free to join too.
99.
by rawtxapp 5y ago
Anecdotally, it's either they can't relocate because of reason x,y,z (family usually) or they can't pass the interviews for those highly paid positions (or some people just aren't pursuing money above everything else).
100.
by rawtxapp 5y ago
Statistically, you'll make more money if you switch jobs every 2 years and right now there's huge demand for talent, so it's probably a good idea to switch.
101.
by rawtxapp 5y ago
Someone dies swimming and that makes Bitcoin sketch? Can you elaborate?
102.
by rawtxapp 5y ago
If we know anything about Bitcoin is that hardforking it doesn't work and you end up with coins that are worth a couple percentage in value compared to the original chain.
103.
by rawtxapp 5y ago
Google also has a "dead man's switch": https://www.google.com/settings/account/inactive for the interested.
104.
by rawtxapp 5y ago
I can't tell if you're sarcastic or not. In case you're serious, you don't see how a company with a market cap of 28B$ going belly up causes damage to investors, the markets, their partners, clients and employees?
105.
by rawtxapp 5y ago
I mean people short crypto all the time, averaged over a long enough period of time long/short ratios are roughly ~50/50 [1]. It's normal market behavior. And if you're shorting one of the big ones, you can most likely d
106.
by rawtxapp 5y ago
Which is why I asked what they meant by failure specifically. You have to borrow it to short it, so there's a 1-3% APY cost associated with shorting it. You have to calculate the tradeoff of the likelihood of it going to 0 within the n
107.
by rawtxapp 5y ago
Even being able to grind a smart contract to a halt would be very profitable if you shorted it right beforehand.
108.
by rawtxapp 5y ago
There isn't 1$ for every 1USDT, they said so themselves. It will eventually fail != "USDT failed a LONG time ago". If you truly believe what you say, then you should definitely consider shorting it, if you're right you&#
109.
by rawtxapp 5y ago
They are called ransomwares and people aren't very happy with that method.
110.
by rawtxapp 5y ago
The bugs found in smart contracts equal large sums of money right away unlike 0-days in OSes or other systems where the link is much more indirect. For example, if you find a 0-day on Windows, sure you might sell it for 7-8 figures on the
111.
by rawtxapp 5y ago
How many bugs had a direct financial return in the same way? If you found a bug in maker (or any of the other big contracts) today, you can walk away with billions of dollars worth of coins, that's a huge sum.
112.
by rawtxapp 5y ago
The game theory comes into play, if you found a bug that could empty maker's vaults for example, you better do it right now , otherwise, someone else will before you and you wasted all your time/energy.
113.
by rawtxapp 5y ago
What is failure specifically? USDT (despite it's shadiness) trades at 1USDT:1$ on pretty much all exchanges and you can short it if you truly believe it'll flop anytime soon.
114.
by rawtxapp 5y ago
The flip side of that is any smart contract that stood the test of time should be rock solid. For example, there are huge incentives to go ahead and hack a big contract like maker, compound, uniswap or aave, so you can bet that there&#x27
115.
by rawtxapp 5y ago
> If you are working a w2 job and paying taxes and paying your mortgage / auto loan... You forgot to add "and live in a stable country with a stable currency and relatively functional contract/justice system".
116.
by rawtxapp 5y ago
Sure, but we also live in a free society, so they can't just ban things because they feel like it without swift opposition. If it's a legitimate thing that people want, it'll still continue to exist, but would only move under
117.
Coinbase Receives Crypto Custody License from German Regulator BaFin(coindesk.com)
2 points by rawtxapp 5y ago|0 comments
118.
by rawtxapp 5y ago
The goal of regulators should be to stop people from taking advantage/scamming others, not to stop innovative financial products from being built. Defi protocols (at least on eth) are open source, so I can verify that they are doing
119.
by rawtxapp 5y ago
It is fully functional with growing adoption (1ml.com), you can try some of the lightning wallets available ( https://lightningnetworkstores.com/wallets , personally I'd recommend Phoenix Wallet).
120.
by rawtxapp 5y ago
PoS is far from being perfect and has it's own sets of issues (ex: rich gets richer, hackers that end up getting large sums of coin now also have control over the network, custodians also have large control, etc). > Forget Bitcoin,

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