suikadayo

9 ms·

31.
by suikadayo 5y ago
Ethereum Altair hard fork at the end of this month introduces light clients which will enable the browser to sync with the chain, making infura unnecessary.
32.
by suikadayo 5y ago
Ethereum the project never talked about it as “code is law” anyway. It was the company that created The DAO that memed it into existence.
33.
by suikadayo 5y ago
It’s increasingly hard for any person to have that much influence with so many different client implementations for Eth2, and the nodes will have to accept those changes, whereas Bitcoin is pretty much Bitcoin Core.
34.
by suikadayo 5y ago
Technically wasn’t a rollback but my understanding is it was a state change, and was done with community consensus via carbon vote. Let’s not mention what Satoshi did in 2010 with the 184 billion BTC hack though ;)
35.
by suikadayo 5y ago
The merge is expected to happen Q3 2021 or Q1 2022, and the withdrawal/unstake functionality will be implemented afterwards, so most likely 2022.
36.
by suikadayo 5y ago
False. PoS Beaconchain is already running, since December 2020, and the merge is expected to happen Q3 2021 or Q1 2022. Sharding is not immediately necessary for Eth2 to scale - we have rollups in the meantime for that.
37.
by suikadayo 5y ago
Cardano doesn't have the 8x developer mindshare, teams working on projects, nor the institutional interest as Ethereum.
38.
by suikadayo 5y ago
Lightning usability is horrible and requires 2 parties to be online at the same time, whereas with Ethereum scaling solutions, you can use your regular metamask wallet to deposit, and you're on L2.
39.
by suikadayo 5y ago
Wait what? DeFi pretty much started booming from last summer.. it hasn't existed for a decade. Do you not know Uniswap? It's existed since around 2017. Sushiswap? even Pancakeswap? There's $80 billion locked in DeFi right now
40.
by suikadayo 5y ago
You can use Ethereum Layer 2 tech like Loopring, zkSync, and eventually Optimism which Coinbase supports in the Coinbase Wallet. They haven't even added support for Lightning
41.
by suikadayo 5y ago
Vitalik didn't decide to undo the DAO hack, there was a community vote ( http://v1.carbonvote.com/ ), unlike Satoshi who singlehandedly rolled back the chain in 2010 after the 184 billion BTC hack. https://bit
42.
by suikadayo 5y ago
It's not up to the miners to decide, it's up to the nodes to decide. Also, merge testnet is up already, making sure there are no significant issues.
43.
by suikadayo 5y ago
You should read up on EIP-1559 and inflation after the merge then. Ethereum will effectively have a cap of 120m, which will burn down to 100m over 12 years.
44.
by suikadayo 5y ago
It already exists https://beaconcha.in/
45.
by suikadayo 5y ago
As price of Ether rises, it becomes even more difficult to acquire the 32 ETH required to become a validator.
46.
by suikadayo 5y ago
it did happen ( https://beaconcha.in/ ) and the merge will happen either Q4 or Q1 next year.
47.
by suikadayo 5y ago
Basically. Also, it's already possible to do NFTs with negligible amount using Immutable X layer 2 scaling solution on Ethereum - it's just that they seem to be doing it only for Gods Unchained right now. There will be even more o
48.
by suikadayo 5y ago
Yeah, and any discussion surrounding hard forks was allowed right in the open on /r/bitcoin and bitcointalk, leading to informed node operators.. oh wait, that didn't happen, people got banned.
49.
by suikadayo 6y ago
They are new ways to gamble, but not everyone is in it to gamble. ICO is just a way for startups to raise money (though lately, it seems to be more about governance tokens once they have their project up), DeFi is a way for people to lend a
50.
by suikadayo 6y ago
USDC is on Ethereum (currently PoW but will be on PoS within this year or so) and other PoS chains. Ethereum PoS will be about 99% more environmentally friendly than Bitcoin.
51.
by suikadayo 6y ago
That’s kinda what we heard about Lightning and payments, but we can currently see that there’s more BTC on Ethereum, than there is BTC on Lightning according to http://btconethereum.com . I doubt there’ll be any significant value
52.
by suikadayo 6y ago
It’s actually less than Bitcoin’s when doing a simple transfer. It’s only bad when you’re interacting with smart contracts. Layer 2 solutions like Loopring and zkSync also exist, with Optimism in July.
53.
by suikadayo 6y ago
Not really decentralized when people have to rely on third party apps like Strike to open channels for them, or they have to open the channels themselves while both users are online. It’s a mess from a usability standpoint.
54.
by suikadayo 6y ago
There’s hardly been growth in the value of transactions on Lightning, compared to the 20x growth on various L2 solutions on Ethereum like Loopring, zkSync, etc. Lightning’s UX is poor as well, where both parties need to be online at the sam
55.
by suikadayo 6y ago
While his environmental impact point is true with PoW, Ethereum is moving to PoS so it won’t be as problematic as Bitcoin. People fail to realize that it’s still the 1997 Geocities moment for NFTs - there’s a lot to be explored and experime
56.
by suikadayo 6y ago
This is still 1997 for NFTs - there will likely be more to come in the next decade
57.
by suikadayo 6y ago
Wow, I just checked - you weren’t kidding. 14TB for ~300 USD. Any person living in a third world country and bought BTC 2 years ago would be able to afford that - decentralization isn’t an issue. But yeah, this just further proves what a we
58.
by suikadayo 6y ago
Opensea currently uses Matic/Polygon, in addition to L1 https://matic.opensea.io/
59.
by suikadayo 6y ago
> “Just make the blocks bigger” means more and more storage of a permanent ledger, which means less and less people can run a node." This argument was already debunked by the Bitcoin community from the beginning before the hard fork
60.
by suikadayo 6y ago
I’ll be curious to read what the author thinks in the next few years regarding DeFi and NFTs on Ethereum and other smart contract blockchains. Things are just getting started and it’s going to get interesting.

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