tornato7

40 ms·

391.
by tornato7 4y ago
Plenty of cryptos have real cash flows. Even ETH has cash flows in terms of both staking and fees paid to the network.
392.
by tornato7 4y ago
Wouldn’t be a backlist but a reputation score based on the team, audits, popularity of the contract, open sourced code, etc etc
393.
by tornato7 4y ago
To add to what others have said, Flash Loans and Self-Repaying Loans don't have TradFi analogs.
394.
by tornato7 4y ago
> In crypto land these things are blind pools. Customers have no idea where the pool operator is investing This is factually incorrect. Celsius' addresses are publicly tagged on Etherscan[1], and everyone can see exactly where they
395.
by tornato7 4y ago
IMO the bigger scam here was not Anchor but Stablegains. They gave magnitudes more everyday people access to the Anchor scam who had no idea what they were getting in to. For the people who actually went through the process of opening a Coi
396.
by tornato7 4y ago
Definitely agree, though I think the point of this thread is we don’t know the “true cost” of A/B testing in terms of long-term lost user engagement. Have we done an A/B test for A/B testing where we test A/B testing…
397.
by tornato7 4y ago
Well, I can think of a few reasons: facilitating transactions with other parties on the permissionless network, promoting public verifiability of your system, utilizing the tools and utilities available for public blockchains, requiring you
398.
by tornato7 4y ago
24 hours on weekdays if you’re lucky. Under a minute on any blockchain.
399.
by tornato7 4y ago
That’s not got it works. Nobody would write a reasonably priced insurance policy for UST.
400.
by tornato7 4y ago
All which can be learned through focus groups and internal feedback, no need to further confuse and frustrate your users.
401.
by tornato7 4y ago
I still reminisce about the first big project I ever built. As an intern I was told high level what to do and given two years alone in a room working eight hours a day to figure out how to build it, zero guidance from anyone. I didn’t reall
402.
by tornato7 4y ago
Your links don’t work for me
403.
by tornato7 4y ago
Lots of big players slowly moving away from tether and that’s putting sell pressure. Unlike USDC or DAI, there’s no 1:1 redeemability to dollars for your average joe, so it requires a few key market makers who have access to tether redempti
404.
by tornato7 4y ago
The author didn’t fail all of the cheating students. Did you read to the end? Many of them ended up with an A+. That’s in fact the whole point of the article, to say that more engaging course material reduces cheating.
405.
by tornato7 4y ago
By that argument then no software can ever be innovative because it all runs on Turing-complete computers that could have done that already.
406.
by tornato7 4y ago
Serious software bugs and hacks are not exclusive to smart contracts. Just look at the Equifax hack or the 737 Max tragedies. If you only look at the worst outcomes of a system of course you’re going to assume it’s all worthless, but that’s
407.
by tornato7 4y ago
Yes, Vitalik has proposed calling smart contracts “persistent scripts” instead. It’s the trustless execution on-chain that makes them unique to other programs. Whether or not they existed in other forms doesn’t change the argument that they
408.
by tornato7 4y ago
Bitcoin has been around 13 years, but smart contracts only 7, and DeFi only around 4 years. Institutional-quality MPC wallets have been around less than two years.
409.
by tornato7 4y ago
Cash back is fundamentally different because the store is setting their own exchange rate. Giving away ‘points’ is cheaper than giving back an equal amount of cash because the points can only be spent at the store. By minting points as toke
410.
by tornato7 4y ago
Assuming that organizations did want to do this, I would argue that a public blockchain is the most technically suitable solution. I can write up and deploy a new token contract in a few hours and it will be instantly tradable with thousand
411.
by tornato7 4y ago
This is one use of crypto that I really want to come to fruition. Imagine being able to trade your Delta Skymiles for Kohl’s Cash on Uniswap instantly and for 30bps in fees. It would finally make all these random rewards programs worthwhile
412.
by tornato7 4y ago
This really overstates his role in an otherwise well-intentioned startup. Adam’s family office was a seed investor. He’s not even on the leadership team.
413.
by tornato7 4y ago
Generally for loans if the value of the collateral falls below the margin threshold (say 110%) then the collateral will be sold to make sure the lender has no losses. So it’s very low risk unless Bitcoin goes to zero instantly. Additionally
414.
by tornato7 4y ago
Stablegains was tied 100% to Anchor yields, and Anchor imploded. That said, targeting 5% APR is magnitudes more realistic than 15% APR. Pebble is able to do this through overcollateralized lending of USDC. It’s not risk-free, but it’s a pre
415.
by tornato7 4y ago
In theory, it’s a good thing - Bitcoin miners but up energy most of the time and that additional capacity can be directed towards cities in the event of another cold snap / heatwave. It remains to be seen how that works out for them lo
416.
by tornato7 4y ago
On the signing side it sounds like you’re talking about a multi-sig or a threshold wallet. Gnosis Safe is pretty popular there. Dispute resolution is an unsolved problem in crypto but the leading project there is probably Kleros.
417.
by tornato7 4y ago
I work for a 2-3x larger crypto fund and we thrive as a fully remote workforce. We have naturally formed small hubs around the world. Basically, why relocate? Hire anywhere!
418.
by tornato7 4y ago
90% of emails and websites are spam or scams… doesn’t stop most people from loving the internet. You just have to look past the junk.
419.
by tornato7 4y ago
With the crypto market cap at $1300B that sounds pretty reasonable to have 11-12% cash on hand
420.
by tornato7 4y ago
This actually sounds like a good use for smart contracts if we switch to a CBDC. Basically you pass your transaction through whatever state’s contract and it will automatically do the tax withholding for you.

More ›