rodiger

12 ms·

91.
by rodiger 5y ago
It's easier than you think. Just five organizations command >50% of hashpower[0]. I don't think it's likely to change soon but it's not out of the realm of possibility, and it's not even the most decentralized cr
92.
by rodiger 5y ago
I fully understand that, but sentiment can change. It's disingenuous to say it won't change in the future because it hasn't yet changed.
93.
by rodiger 5y ago
This is just plain incorrect. Every cryptocurrency's rules can be changed via hard fork. Bitcoin doesn't have any magic property that guarantees there won't be a hard fork affecting the emission schedule.
94.
by rodiger 5y ago
Yeah I believe you mean BSC
95.
by rodiger 5y ago
You can tokenize anything in concept- right now it's just crypto + small number of stocks. It's slowly building out a distributed version of Wall Street. That is the value-add, and it doesn't need to do anything more than t
96.
by rodiger 5y ago
This would be a voluntary self-disclosure. Similar to current restaurant COVID contract tracing projects.
97.
by rodiger 5y ago
Unfortunately it's almost definitely a smart nerd (using this as a compliment here) who passed away.
98.
by rodiger 5y ago
There are a lot of absolutes here, which is generally not a great basis for discussing emerging technology. I recommend you reconsider your view of crypto "in its entirety" which seems based on the rabid views of a few. Many seem
99.
by rodiger 6y ago
The shadows and latency are rough currently but totally agree that single, flat, rectangular input devices shouldn't be the future. Tactility is amazing and a large reason people prefer their old "dumb" interfaces.
100.
by rodiger 6y ago
Read into it- it's not as scary as it sounds and it allows for more efficient aribtrage meaning tighter markets across services. The whole transaction is atomic meaning no risk for the lenders (lump sum must be paid back in a single tr
101.
by rodiger 6y ago
Reposting my comment from another thread about DeFi. There's clear innovation and utility in that space and it would be a shame to kill it all over the worst crypto has to offer. "There are financial primitives that cannot exist i
102.
by rodiger 6y ago
These are growing pains of a new technology. People used/use the internet to commit fraud too, and it wasn't exactly good for the environment. As others said, the answer here is Proof of Stake, not banning crypto outright.
103.
by rodiger 6y ago
Effective arbitrage is required for efficient markets. Again I'll repeat: the sheer fact that this is all decentralized/identity-less is already a novel aspect. The specific DAO's I linked to build products that allow for s
104.
by rodiger 6y ago
Yeah seems like a weird combination of both PoS and PoW which gets the best of neither. Would've been cool to see a novel PoW here that actually translates into actual "work" for the network.
105.
by rodiger 6y ago
No, you don't need 10TB. But you do need a crazy machine with 128GB+ of RAM.[0] [0] https://docs.filecoin.io/mine/mining-architectures/#protocol...
106.
by rodiger 6y ago
Stealing this from Reddit as it summarizes my feelings about Filecoin's reward structure being a little ponziesque at current prices: "The primary demand for Filecoin is from people trying to mine it. It requires that you deposit
107.
by rodiger 6y ago
There are financial primitives that cannot exist in traditional finance that I'd call pretty novel. For example flash loans allow uncollateralized loans for millions of dollars[0]. Or take KeeperDAO[1] or Dai[2] or any of the other met
108.
by rodiger 6y ago
Filecoin is useful, but incredibly overpriced and its model unfortunately perpetuates ponzi-like investing[0]. Also deflationary monetary policy is awful if you want people to spend money. Why buy something today if it will be cheaper tomor
109.
by rodiger 6y ago
Said more in another comment below but decentralized finance is pretty big. There are a lot of novel ways to deploy capital there. Check out any of the projects listed here and feel free to dig in more/ask questions: https:/&#x2F
110.
by rodiger 6y ago
Decentralized finance is pretty massive right now and has some really novel ways to deploy capital. It's not mainstream or outside of crypto perhaps but it is definitely based on strong utility. Scroll down this list[0] and you'll
111.
by rodiger 6y ago
Regardless of the scale, the counterpoint is that many of the utility-first investments listed are not, in fact, based on utility. They are speculative investments based on hopeful price increases.
112.
by rodiger 6y ago
What? Plenty of crypto projects have real utility. Also for a counterpoint: commodities such as gold and other precious metals are predominantly traded as speculative vehicles.
113.
by rodiger 6y ago
The author seems to say that Mars colonization is bad because colonization on Earth was bad, which seems like such a silly comparison it's not even worth addressing. And then goes on to say that we should be focused on Earth... Can&#x2
114.
by rodiger 6y ago
Does Evergreen get fined for something like this? Is there enforceable law here? Or just say sorry and life goes on?
115.
by rodiger 6y ago
Isn't it the Evergreen? Edit: Thank you for all the corrections, will leave this up for anyone else that's curious.
116.
by rodiger 6y ago
Wonder how that will be enforced given the decentralized nature of these contracts.
117.
by rodiger 6y ago
With places like Amazon? Most definitely.
118.
by rodiger 6y ago
Mining isn't exactly a fair shake either... at least in PoS more network participants are even able to "vote". Staking better aligns incentives when compared to mining and most other alternatives.
119.
by rodiger 6y ago
This was a rug-pull, not a hack. The actual hacks you'll see today are significantly different from those of last summer so there's been some measurable progress.
120.
by rodiger 6y ago
Liability is a legal umbrella- I'm fairly confident they will at the very least freeze these funds (which isn't much for rug-pulled users but it's something). It's a federated network so well within their ability.

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