siftrics

43 ms·

241.
by siftrics 4y ago
> The whole proof-of-work, decentralization, ledger, ... are in no way necessary steps in this. If you know of a ledger that's (1) permissionless and (2) avoids the double-spending problem and (3) _does not_ involve those things you
242.
Regulators Discuss Questioning Bankman-Fried in US(bloomberg.com)
1 points by siftrics 4y ago|0 comments
243.
by siftrics 4y ago
Yes, I know. I used the term Bitcoin as a syndoche for cryptocurrencies as a whole, because the parent commenter used the term Bitcoin.
244.
by siftrics 4y ago
You just have no idea what you're talking about. I can see exactly what Alameda and FTX was doing on chain. I can see the exact amounts of each token they sent, where they sent it, what they swapped it for, etc. It's all publicly
245.
by siftrics 4y ago
"Motivated largely by his own awareness of the discreditable nature of his secret behavior, the covert deviant develops a presentation of self that is respectable to a fault. His whole lifestyle becomes an incarnation of what is proper
246.
by siftrics 4y ago
Totally valid criticism. But blaming blockchain for the failures of centralized finance, which we've seen time and time again throughout all of history, is literally intentional deception. If a politician or lawmaker or business pers
247.
by siftrics 4y ago
Literally ~$50 million went straight to the Democratic Party as direct campaign donations. He stated he intended to give up to $1 billion to democrats. Millions more went to various other people in power who will now decide the fate of SBF.
248.
by siftrics 4y ago
It has everything to do with Bitcoin. If this was all done on-chain, users would have sole custody over their funds and no one else in the entire world, including SBF, would be able to move them or loan them out.
249.
by siftrics 4y ago
This is not true at all. If you are the only person in the world with the private key to your coins, you are the only person who can move them. Period. FTX is a centralized entity that custodies funds. It has nothing to do with a blockchain
250.
Head of SEC Gary Gensler Was Colleague of Alameda Research CEO's Father(twitter.com)
5 points by siftrics 4y ago|2 comments
251.
by siftrics 4y ago
Michael Lewis, author of The Big Short, was in the process of writing a book about the success of FTX and SBF. He personally went to the Super Bowl with them and visited them in the Bahamas multiple times. Someone on Twitter said, "he
252.
by siftrics 4y ago
Jake Bailey was one of the best TAs I ever had in college. It's great to see his name behind this.
253.
by siftrics 4y ago
Unfortunately, this is only superficially true. I have been a long-time Venmo user and have refused to ever link my account through Plaid. Starting a couple years ago, Venmo begin to intermittently claim they "Lost the connection"
254.
by siftrics 4y ago
Venmo and Zelle use Plaid which grants them full access to your entire checking account history, even transactions completely unrelated to the payment service. Do not use any service that uses Plaid.
255.
by siftrics 4y ago
This is a bad take. Current chess lines rely on the exact position of pieces. When you shuffle the starting position, all theory that relies on exact position falls apart. Only high-level ideas carry over when a position isn't exactly
256.
by siftrics 4y ago
>there's not as much cost pressure to do it This is false. You never had to run a validator to watch the mempool and do MEV.
257.
by siftrics 4y ago
You're arguing against basic human rights.
258.
by siftrics 4y ago
As a cancer survivor and former alcoholic, I am one example of a person who has found healthy coping mechanisms. Instead of coping with alcohol, I read math textbooks and do problems. This has improved my life dramatically. I feel good. I f
259.
by siftrics 4y ago
If it's going over port 443, how would your ISP know you're hosting movies? The way ISPs catch you is by seeing that you're connecting to IPs that are known to host content illegally. There's now way for your ISP to know
260.
“Oh my god, the CFTC just killed PredictIt after 8 years of precedent.”(twitter.com)
2 points by siftrics 4y ago|0 comments
261.
by siftrics 4y ago
Why would the price move in their favor if the information never becomes public?
262.
by siftrics 4y ago
How will they profit if the information never becomes public?
263.
by siftrics 4y ago
It literally does the opposite. It pushes the price in the direction it's going to go when the information is made public.
264.
by siftrics 4y ago
Eh, the OCaml crowd is surely reasonably large, and they would all be familiar with ML. I had the same question as the parent commenter and had to wait until the page loaded before determining whether the article was about machine learning
265.
by siftrics 4y ago
No. The only information the blockchain would give you in the proposed "anonymous cash out" scenario is 1. Someone bought ETH on a CEX 2. They then transferred the ETH to a newly created wallet 3. They then did the mentioned NFT t
266.
by siftrics 4y ago
The main use is arbitrage. Arbitrage is not unethical. I don’t know why you paint it that way.
267.
by siftrics 4y ago
I agree! It's a huge problem and it's right for people to point it out.
268.
by siftrics 4y ago
Sure. No contradiction.
269.
by siftrics 4y ago
I just feel like they're not incompatible. I think we can help these people who get screwed without assigning the costs to unknowing, unrelated passers-by.
270.
by siftrics 4y ago
No one held a gun to their head and said "you have to bet thousands of dollars of ETH." If you want to move lots of money for the purposes of escaping authoritarian regimes, there are other chains which have extremely negligible t

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