tornato7

28 ms·

331.
by tornato7 4y ago
Shorting stablecoins is pretty uniquely risk off because the price of Tether will not go much higher than $1.
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by tornato7 4y ago
You can short tether purely with ETH collateral on-chain, and then you're not exposed to any exchange risk. Of course you are then exposed to ETH price risk.
333.
by tornato7 4y ago
It goes both ways: Kickstarter projects often face issues because a backer cancelled charges weeks after receiving their reward[1]. If you browse /r/shittykickstarters you'll see that Kickstarter struggles to police scams eve
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by tornato7 4y ago
In crypto your "trusted processor" could simply be a permissionless smart contract that releases funds if payments hit a certain threshold in a certain timeframe. Or if you need some decision making in the mix it could be run by a
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by tornato7 4y ago
Indeed, the current iteration of ChatGPT can't access the internet, but a future iteration should be able to look up references from reliable sources and fact check itself.
336.
by tornato7 4y ago
Why no 1Password on your list?
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by tornato7 4y ago
Monoprice is excellent as well
338.
by tornato7 4y ago
Yes, because software engineers understand every nuance about operating systems and financial advisors understand every nuance of the global financial system... I'm making the point that it's extremely complicated and not to worry
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by tornato7 4y ago
Check out Arweave. It's not quite as tested as something like BitTorrent but 'perpetual endowments' in theory make data on Arweave persist "forever"
340.
by tornato7 4y ago
Good question: Transaction cost: about $0.75 on Ethereum or $0.01 on Polygon at the moment - no size limits. Zelle is free up to ~$1,000 per day. Settlement: 12 Seconds on Ethereum or 2 Seconds on Polygon, "instant" on Zelle. Howe
341.
by tornato7 4y ago
It only offers overcollateralized "trustless" loans (ie instant with no credit check or KYC). However, KYC'd undercollateralized lending protocols are making some headway. The most popular one currently is called Maple, where
342.
by tornato7 4y ago
'USDC' which is a dollar-backed stablecoin issued by Circle/Coinbase is essentially the United States' de-facto digital currency. The advantage of a cryptocurrency vs a normal dollar in your bank account is that the ERC-
343.
by tornato7 4y ago
I think the 'Intro to Bankless' podcast is a really good way to start learning the nuances. There are many parts of the crypto community that are very welcoming to newbies. /r/EthFinance is one of the best. Crypto is ind
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by tornato7 4y ago
I like that. We are always processing information in 3D, not just vision but you can imagine hearing someone behind you and your brain immediately places them in 3D space based on your prior knowledge of your surroundings. It's amazing
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by tornato7 4y ago
What do you think of Uniswap?
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by tornato7 4y ago
Indeed, gophers often make it a point of pride to have no dependencies in their packages.
347.
by tornato7 4y ago
For anyone interested in this sort of thing check out Sarcophagus: https://sarcophagus.io/
348.
by tornato7 4y ago
Security researchers on ImmuneFi can be set for life by submitting a large bug bounty today. But that's extremely rare, and you don't see them lining up to leave apple.
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by tornato7 4y ago
That is incorrect: https://www.globenewswire.com/news-release/2022/09/22/252114... > Immunefi has saved over $25 billion in users’ funds and has paid out $60 million in total bounties. The platform no
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by tornato7 4y ago
What sets this apart from Dune?
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by tornato7 4y ago
There's no reason Apple couldn't pay more than nation-states for bug bounties; They have a ridiculous amount of money after all. In Crypto there exists a service called ImmuneFi, it's essentially a arbitrator between hackers
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by tornato7 4y ago
Presumably in a prediction market you're only being paid out if you were right. Someone who sways the market significantly and then ends up being wrong will lose a lot of money.
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by tornato7 4y ago
I would recommend switching to GBoard, which doesn't have this infuriating behavior
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by tornato7 4y ago
Paying in BTC, DOGE, etc will never be a good experience. The bill in is in USD while the price of those assets can swing wildly. As such, services often use an unfavorable exchange rate or high fees to accept crypto. You're also creat
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by tornato7 4y ago
Many crypto users don't seem to care about the 0.5-1% swap fees when swapping in their wallet. Crypto users that do care won't use their native wallet's swap feature, but instead go directly to 1Inch or Matcha to execute the
356.
by tornato7 4y ago
By the way, these days there are wallets insured by Lloyd's which is a good of a guarantee as FDIC
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by tornato7 4y ago
Yes, if you use Solana you should be aware that the chain very regularly has serious downtime. Ethereum gas fees can spike but generally there has never been downtime.
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by tornato7 4y ago
A centralized database is owned by a centralized entity and the admin can change it at will to steal money - or at least the owner of the hardware can shut off power. Let's talk about Ethereum here since Solana hardly counts as decent
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by tornato7 4y ago
In my experience with stable diffusion tools, there is some parameter that specifies how closely you would like it to follow the prompt, which is balanced with giving the AI more freedom to be creative and make the output look better.
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by tornato7 4y ago
At least a dozen engineers read this and decided to name their new microservice "Pontifex"

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