vvpan

27 ms·

331.
by vvpan 6y ago
> So many smart people so confused. That's because the argument that "All of the use cases of blockchain have other solutions." is wrong. There in no technology that can achieve the basic primitive interaction that Bitcoin
332.
by vvpan 6y ago
Well put. I think people don't understand how many people and systems are involved in making any kind of financial transaction. That it works relatively seamlessly is because there are hundreds of thousands of people, centuries of expe
333.
by vvpan 6y ago
* Example 1. Look at Uniswap, it's an unstoppable exchange that is a tiny program in terms of lines of code on the blockchain. The team is tiny. And the thing sees $2 billions of volume every day. Imagine, say, stock being digitized on
334.
by vvpan 6y ago
Here are some things that people miss when having arguments like these. * Blockchain is not Bitcoin. Bitcoin is the first (and quiet primitive) PoC implementation of the technology. * Blockchain is not "cryptocurrency". Blockchain
335.
by vvpan 6y ago
Hacker news often gets very skeptical about blockchain-related projects. But I think Uniswap and similar "automatic market makers" are showing us a glimpse of how things will work. It's an unstoppable exchange with no middlem
336.
by vvpan 6y ago
And you know... markets irrational for longer than you can stay solvent.
337.
by vvpan 6y ago
David Graeber (the late...) is the most vocal opponent of the idea that "barter economies" existed and he's very compelling.
338.
by vvpan 6y ago
He is sort of superhuman in that sense. He can take a lot and seem unfazed.
339.
by vvpan 6y ago
This is nonsense. Even if I take your comment in the non-literal sense "get rid of drug dealers" then decriminalization has shown to be much more effective.
340.
by vvpan 6y ago
Feeding their family?
341.
by vvpan 6y ago
It's a correlational study, so that'd be difficult. Although an experimental double-blind study was posted here a couple of weeks ago that had impressive results.
342.
by vvpan 6y ago
Wow. Did that person give an explanation why? I follow "blockchain world" fairly closely and I really fail to see much value to UNI. But I have seen people speak quiet exuberantly about it. I am wondering what their thesis is.
343.
by vvpan 6y ago
I have no reason to believe that the commenter misrepresented anything. It is entirely plausible. If their friend was a liquidity provider then the value of friend's airdropped tokens would have been much greater than mine.
344.
by vvpan 6y ago
Nobody got scammed. It's pretty much like an IPO. The project distributed tokens, not dollars. Coinbase and a few other exchanges listed them and trading started with the tokens fetching a certain price. I sold some on Coinbase, got mo
345.
by vvpan 6y ago
His friend didn't "make" the money. The token was airdropped to every account that ever used the exchange or has provided liquidity. I had two accounts with a couple of transactions each - bam a nice surprise of a few thousan
346.
by vvpan 6y ago
Half a billion daily you mean, hehe. Glad to see informed comments, BTW.
347.
by vvpan 6y ago
And where do you see the "make you rich part"?
348.
by vvpan 6y ago
Sure, but it is still redeemable value for an attacker, yet attacks are relatively scarce. Or scarce enough for people to keep putting money into it. That's the point I was trying to make. I know what you mean by "no underlying as
349.
by vvpan 6y ago
If anybody would like more intense blockchain story-telling check out this longish write-up about Justin Sun's takeover of Steem.it from a few weeks back. https://decrypt.co/38050/steem-steemit-tron-justin-sun-cryp
350.
by vvpan 6y ago
You are incorrect. Contracts are immutable but you can upgrade your application. There are different patterns, one where you make a shell contract that has pointers to contracts with actual business logic. Also, there are patterns where the
351.
by vvpan 6y ago
And yet the marketcap of the funds locked in a subset of contracts on Ethereum is almost 10 billion today ( https://defipulse.com/ ) and I have been using a popular contract wallet for a while to hold my funds and transact wi
352.
by vvpan 6y ago
Well, what are the fixes? Writing "smart contracts" is not meant to be for anybody but very seasoned developers. Also if you write a contract and do not get it audited by 3rd parties than nobody will (or should) take for anything
353.
by vvpan 6y ago
Can you elaborate? Why do you find that "smart contracts" are built on a shaky foundation?
354.
by vvpan 6y ago
Remember how US had European countries force the Bolivian president's plain to land in order to search it for Snowden? US and Europe ties can make European countries go low - very, very low.
355.
by vvpan 6y ago
The protest is driven by naitonalism. They symbol of the movement is the a flag that thoroughly separate Belarus from the soviet past and Russia. Anti-Russia is built into the movement.
356.
by vvpan 6y ago
I think this is a very disputable point. I've seen studies supporting both. For example here is study attesting to the opposite of your point: https://www.cambridge.org/core/journals/american-political-s...
357.
by vvpan 6y ago
I cannot believe they do not feel like they digging their own grave. The "standing" government that is and the security forces. I mean how do they expect to find any job that's not cleaning bathrooms in Russia after this.
358.
by vvpan 6y ago
Oh boy. Here we go, here I am commenting on a subject on which _everybody_ has an opinion. A lot of people say that "OOP" is just a tool. Or that it is overused. Or that it isn't used properly. I will say that even though I s
359.
by vvpan 6y ago
Pardon Snowden.
360.
by vvpan 6y ago
Well it would work with traditional financial instruments. But what wouldn't work with traditional financial instruments is an ability to integrate with them in a matter of, literally, an hour or two. These systems are open and nobody

More ›