w4llstr33t

11 ms·

1.
by w4llstr33t 5y ago
Thanks for all the information. I was operating on some false assumptions, so this clarifies quite a bit.
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by w4llstr33t 5y ago
I meant that the flat system of crypto where (at least before industrial mining), people could spin up mining rigs (which is still possible, I think at least with some altcoins), but also, that the barrier to entry for folks trading crypto
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by w4llstr33t 5y ago
> Those interested with very low latency are not hedge funds but market makers, and the kind of microstructure signals they exploit is not only orthogonal to what a retail investor would do, but often brings in just bips per trade, meani
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by w4llstr33t 5y ago
Mint also did screen scraping, powered by Yodlee [1], if that’s what you mean. So, yes, same risks as Plaid. They later moved off of Yodlee to Intuit APIs, post acquisition, although those also do screen scraping [2], and thus carry the sa
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by w4llstr33t 5y ago
> As you learn more about crypto and traditional finance, it'll be fun to compare the two. Your confusion about the role of an exchange in traditional finance might be because you see the crypto world, where a single entity often pe
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by w4llstr33t 5y ago
I still like the distribution of power to those who wouldn't have had a chance otherwise.
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by w4llstr33t 5y ago
Thanks. I'm going to check this book out.
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by w4llstr33t 5y ago
I don't know that much about this, so you could chalk it up to "great ignorance", I suppose. I'm a software engineer, interested in crypto, and not that involved in traditional markets (except for holding an S&P 500
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by w4llstr33t 5y ago
At what cost are they providing this service though? They make a ridiculous amount of money doing so. Shouldn't the exchanges have offered the best price, and provided liquidity, in the first place? Flash Boys: A Wall Street Revolt
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by w4llstr33t 5y ago
I was going to mention HFT. How is it a level playing field when they are in the picture? Paying top dollar just to be closer and closer to the exchanges to get the fastest, "best price", when really, they have info before anyon
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by w4llstr33t 5y ago
I like crypto but the way I read this is that it's a good number of the reasons that the existing financial infrastructure is better (particularly once the US infrastructure updates to things like instant FedNow payments). I think defa
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Dark Web Tool That Checked for Dirty Bitcoin Shuts Down(decrypt.co)
1 points by w4llstr33t 5y ago|0 comments
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by w4llstr33t 5y ago
I think companies should still provide a way to link accounts via small deposits. It takes a few days, but at least you don't have to share your credentials. (This applies to US accounts, maybe there are better solutions elsewhere.)
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by w4llstr33t 5y ago
It's become political at this point. Vaccines, too. Funny thing is, even Donald Trump got the vaccine.
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by w4llstr33t 5y ago
If they are able to replace real world contracts one day, that could be a benefit, i.e. escrow and title transfer for real estate. They would need to be pretty complex to do so, since currently title companies track local laws and make sur
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by w4llstr33t 5y ago
Here's the link for Mastering Ethereum : https://github.com/ethereumbook/ethereumbook
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Technical Analysis of the Poly Network Hack(rekt.news)
96 points by w4llstr33t 5y ago|32 comments
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by w4llstr33t 5y ago
Yes, agreed, I had made an edit about this.
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by w4llstr33t 5y ago
That doesn't appear to be their plan [1][2]. It is worth noting that they also have been subject to several 51% attacks [2]. [1] https://investorplace.com/2021/06/ethereum-classic-will-stan... [2] https:&#x2
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by w4llstr33t 5y ago
I think it would be worth understanding how Bitcoin works first. It's designed to be more robust. It doesn't change as often (some criticize it due to that), however, it could also be seen as a strength. You could read the Bitc
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by w4llstr33t 5y ago
$2.3 Million of the Colonial Pipeline ransom was recovered [1]. I haven't seen news of anyone from DarkSide being arrested for that hack yet though. [1] https://www.justice.gov/opa/pr/department-justice-seizes
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by w4llstr33t 5y ago
It is already the taxpayer’s responsibility to report their capital gains. The IRS has issued "John Doe" summons to Coinbase in 2016 [1] and Kraken in 2021 [2]. They also already gave warnings to 10,000 US tax payers, in 2019, th
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by w4llstr33t 5y ago
I agree that some crypto folks may not have basic personal finance education (although some people investing in stocks, and promoting that to others, also do not have basic personal finance education). I also agree though that some cryptos
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by w4llstr33t 5y ago
I thought the Wyden-Lummis-Toomey amendment was well thought out [1] and I called my senators to support that. The newly proposed amendment from Warner-Portman-Sinema [2] could cause a few issues that I see: 1) Limiting the Lightning Networ
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by w4llstr33t 5y ago
Here is the full transcript: https://www.sec.gov/news/public-statement/gensler-aspen-secu... This is also a different take on his statements from the forum: https://cointelegraph.com/news/naka
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by w4llstr33t 5y ago
Here is the full transcript if you would like to decide for yourself: https://www.sec.gov/news/public-statement/gensler-aspen-secu...
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by w4llstr33t 5y ago
Crypto can be withdrawn from exchanges to a personal account that only that individual controls. This is unlike stocks, which sit in brokerages and could only be transferred to another brokerage (in kind transfer). An example for someone i
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by w4llstr33t 5y ago
PayPal is centralized. S3 is centralized. This is not an apples to apples comparison. Compensation is what is driving the decentralized ecosystem (including payments, file storage, among the other things mentioned in this thread).
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by w4llstr33t 5y ago
You don't want to stay in an org that allows such behavior, or you're wanting to take a career break? Maybe it could be good to decide which of those it is? If you just don't want to stay at that company, maybe find a new jo
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'Nakamoto's innovation is real,' says SEC Chair Gary Gensler(cointelegraph.com)
28 points by w4llstr33t 5y ago|5 comments

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