xur17

49 ms·

631.
by xur17 5y ago
The debt ceiling for Tether is currently set to 0 [0] for dai. And USDC + other stablecoins do partially back it [1]. [0] https://daistats.com/#/collateral [1] https://dune.xyz/SebVentures/maker---
632.
by xur17 5y ago
> Blockchains like Ethereum are currently far more transparent than the state-sponsor US monetary system. I hope to live in a society where economic experiments can be executed, new lessons learned, and transparency maintained. If stable
633.
by xur17 5y ago
But this means that all users of USD are providing an insurance pool for the banks for free. Doesn't quite seem fair. There are some decentralized stablecoins (stablecoins backed by crypto assets + market rules that ensure they keep th
634.
by xur17 5y ago
> Tether just froze a bunch of funds. Like a bank. Or PayPal. One of the most repeated slams against TradFi is the “PayPal locked my funds! Money belongs to the people! Self sovereignty!” But we’ve seen time and time again with the ETH f
635.
by xur17 5y ago
Honestly the best way is to just start interacting with different projects, transferring money around, looking at transactions in etherscan, etc. Most of my understanding comes from writing trading bots for cryptokitties, so playing around
636.
by xur17 5y ago
> People writing smart contracts should be the ones coming from a firmware/embedded writing background, not "webdevs". Right now DeFi smart contracts look like the 90s web: Tons of "Defaced" website every week. O
637.
by xur17 5y ago
They can only block if you are moving around centralized assets, which really isn't that shocking to anyone. There is a reason the hacker quickly tried to convert it to ETH, etc.
638.
by xur17 5y ago
In this case it looks like it wasn't a smart contract hack, but instead a traditional key compromise [0]. From what I can gather it looks like it was essentially a custodial provider that allowed users to easily swap between different
639.
by xur17 5y ago
2 of the biggest benefits I see are: - leveling the playing field with an open interface that anyone can build on top of - allowing true ownership of assets
640.
by xur17 5y ago
> If it goes to nobody, is it really "gone forever"? Did it even exist in the first place? Yes? Isn't "going to nobody" the very definition of "gone forever"? Previously miners received the ETH spent on
641.
by xur17 5y ago
That's what I ended up doing. I think I pay something like $20 for what is now unlimited data, 6gb of tethering, and unlimited sms / phone.
642.
by xur17 5y ago
I think it was 5 or 10 years ago, but there were some websites that did exactly that. I distinctly remember setting up an ipv6 gateway so I could get access to free newsgroups. I think there was other stuff as well, I just don't rememb
643.
by xur17 5y ago
Add this to the list of reasons I prefer to work remotely. I get a private office with full control over the air conditioning, my own chair, desk, monitors, etc, and no coworkers staring at my computer.
644.
by xur17 5y ago
They would just stop redemptions. The existing supply would continue to exist on Ethereum and be tradeable, likely dropping in value due to the decreased confidence in it as an asset.
645.
by xur17 5y ago
I'm not sure ETH would be any better protected from tether's collapse. If anything it might be more affected since a fair number of defi projects use it.
646.
by xur17 5y ago
I ran an image / file hosting service off an old computer in my parent's basement when I was in high school. You can do more than you might think with ~1mbps upload even.
647.
by xur17 5y ago
Are there any providers similar to Hetzner that are a bit closer to the US? I have a view vps instances with them, but the high latency is a major bummer.
648.
by xur17 5y ago
You can actually put the older, less frequently accessed data on a spinning disk using this parameter: > --datadir.ancient /media/disk1/goethereum/ancient I've been using it, and I have 225gb on my ssd, 229gb on
649.
by xur17 5y ago
I'm going to go ahead and disagree with you. A house is a form of forced savings, which is why it works so well for people, but you absolutely can build up wealth while renting.
650.
by xur17 5y ago
But it's not just financial risk, it's the risk to his physical safety / life that he takes.
651.
by xur17 5y ago
I ran into this recently on a flight that arrived much later than it was scheduled. The airport was busy from several flights arriving at once, and uber / lyft surge prices were insane. It was too late for a bus, so I wandered over to
652.
by xur17 5y ago
I saw a reference to this site elsewhere on HN, so I thought I'd respond: The focus on where to buy your token, how much your token is selling for, etc is a major turn off for me. It might not be fair, but my first thought after landin
653.
by xur17 5y ago
I really think it comes down to having empathy for the end user, which requires some level of caring about the product.
654.
by xur17 5y ago
This would also allow the owners to realize this money as capital gains instead of income (lower tax rate), right?
655.
by xur17 5y ago
MoneyGram is quite expensive as well..
656.
by xur17 5y ago
What's the difference? Is an attestation at least better than what USDT provides?
657.
by xur17 5y ago
But that's not how the decentralized ones work. They aren't relying on "a rapidly rising market cap". Most of the stablecoins are backed by volatile assets (ETH, BTC, etc), but have automated systems to liquidate the col
658.
by xur17 5y ago
I'm confused. Why are low interest rates required for stablecoins to work? If anything, for centralized stablecoins, high interest rates would mean more revenue for the corporation holding the assets.
659.
by xur17 5y ago
Has anyone found a good solution for paying for captcha solutions in your browser? I'm getting tired of solving captchas, and would pay a decent amount of money to be able to click one button and have it just solve it for me. Can take
660.
by xur17 5y ago
Or LUSD (which is >100% backed by ETH).

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