throwaway405769

5 ms·

1.
by throwaway405769 5y ago
Crypto is the most anti-authoritarian and anti-nazi technology of 21st century. It empowers the individual and makes them less vulnerable to state violence, like getting their wealth confiscated because of their ethnicity. You've prove
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by throwaway405769 5y ago
>Why I am not surprised that your ideas closely match how authoritarian system (and dystopian cyber punk worlds) work? Imagine calling P2P voluntary interactions authoritarian... >You're avoiding the answer, and I understand you,
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by throwaway405769 5y ago
Cope.
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by throwaway405769 5y ago
>who decides? and how I was talking about Kleros at the beginning of the discussion, but it's just one possible option. >You can only hire someone for a job if you have the money. No, you can only hire someone for a job using th
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by throwaway405769 5y ago
Laws are not ideal and are often used to discriminate against certain groups. > immagine this situation, Bob does the job, the other party never clicks on "done", Bob doesn't get the money, what Bob can do if there's
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by throwaway405769 5y ago
> Running this basic escrow code on the blockchain means that I no longer have to trust the kind of basic escrow code that’s used in centralised escrows Yes, it means that you will 100% know that the escrow website is not gambling your m
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by throwaway405769 5y ago
He can work for Alice or anyone else in the world without having to deal with intermediaries and bureaucracy.
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by throwaway405769 5y ago
No, it's running completely on smart contracts. You get the regular advantages of running on blockchain: permissionless and trustless access to finance. You don't have to trust the escrow holder, you don't have to worry about
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by throwaway405769 5y ago
Getting all the data in the world into the blockchain and coding smart contracts to infer judgement from it would be too complex and expensive. A more practical approach is to transfer the funds to Bob once he clicks on the checkbox and hav
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by throwaway405769 5y ago
More than 2 billions of people live in authoritarian regimes where the government rules exist only to oppress the population and make it more easily controlled. Bitcoin gives them the option to maintain their property rights, avoid financia
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by throwaway405769 5y ago
Aave has $11 billion deposited on it right now and safety of those funds depend completely on getting accurate price data to trigger liquidations. So you can say that the oracle problem is solved, at least for price data.
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by throwaway405769 5y ago
> who decides when the work is done? This is part of the smart contract, which has to explicitly define the conditions on which the collateral is confiscated. Getting real life data reliably into the blockchain is hard, but there are dif
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by throwaway405769 5y ago
You would either need an arbitration service or an oracle for that. Look into Kleros and Chainlink.
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by throwaway405769 5y ago
This is wrong, all PoS cryptocurrencies are extremely centralized. Try running a validator on Avalanche, see how it goes.
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by throwaway405769 5y ago
Is this sarcasm, or are you actually saying that freedom is not worth the spent energy? Bitcoin is now used by El Salvador to avoid borrowing money from IMF. Is that also a ponzi scheme?
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by throwaway405769 5y ago
DeFi is much more transparent than traditional finance.
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by throwaway405769 5y ago
CBDCs have nothing to do with crypto. It's just PR by politicians.
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by throwaway405769 5y ago
No, that's not how LN works. If the other party suddenly closes the channel at an old state that is beneficial to them, the funds will get locked for 2 weeks and you will have enough time to publish a transaction with a more recent sta
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by throwaway405769 5y ago
Nope, there aren't. Even Ethereum is centralized to the point that it's founders were able to revert the blockchain to rescue their friends funds.
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by throwaway405769 5y ago
Miners and exchanges were proponents of big blocks, since that would have centralized power in their hands and reduced decentralization. Bitmain, Coinbase, many others. This makes sense to anyone with a tech background. You don't want