yokem55

15 ms·

151.
by yokem55 5y ago
The "hundreds to bridge" is a worst case figure that most folks would only do if they had to bridge in the midst of a crash and needed to add capital to avoid liquidation on an L2 position. If you time it right it's more like
152.
by yokem55 5y ago
Well, now only about 15% of the tx fees go to miners. The rest of the gas fees are burned, so you can't even get a kickback from a friendly miner on your fees.
153.
by yokem55 5y ago
You could look for the proportion of addresses trading on opensea that haven't been funded from a KYC exchange either directly or within 1 or 2 degrees of separation.
154.
by yokem55 5y ago
ENS names (foobar.eth) are NFT's.
155.
by yokem55 5y ago
The solution crypto assets propose is creating incentives for collaboration. Items on IPFS only remain lively as long as someone is willing to pin a particular bit of content and is ultimately doing so on a charitable basis. That's not
156.
by yokem55 5y ago
Higher end nft's store the images on arweave or filecoin for decentralized persistent storage.
157.
by yokem55 5y ago
So what housing cost metric should be looked at? The cost for a retiree living in their paid off home? The mortgage payment for brand new homeowner with minimal down? The cost to split an apartment for 2 people? What objective measure shoul
158.
by yokem55 5y ago
It's less that the positives are not represented it's that it's difficult to get into the finer details of a protocol if (just as an example) you are hung up arguing whether proof is stake is good or not.
159.
by yokem55 5y ago
On reddit, r/ethfinance is a good, well moderated resource from the user perspective. From there once you find a particular protocol niche you are interested in, the community discords for each app are also frequently quite informative
160.
by yokem55 5y ago
Code is speech. Edit - To expand this thought: If I exercise my freedom of speech by writing a smart contract and publish the code, how can I be liable if someone else uses that code on an actual blockchain?
161.
by yokem55 5y ago
I don't disagree. The transaction fee burn is pretty much equivalent to a streaming stock buyback. But the service Ethereum is selling is arguably just providing a platform for other people to run their own ponzi games on.
162.
by yokem55 5y ago
150% is the minimum amount of collateral. If the USD value of your locked eth falls below that 150% threshold relative to your DAI denominated debt, a liquidator will pay off your debt and take your collateral. So, a conservatively manage
163.
by yokem55 5y ago
The primary targets here are going to be folks issuing stables backed by real world assets and fiat. Under-collateralized algo-stables will probably be targeted as securities by the SEC, while overcollaterized debt based ones will probably
164.
by yokem55 5y ago
No, there will be one excuse after another. Starship isn't human rated and only Orion is rated for human deep space flight. So something else will still be needed to launch Orion to that lunar trajectory. That something else is SLS. No
165.
by yokem55 5y ago
> You are right - That’s another practice is morally dubious (And imo should be outlawed!) Where this gets tricky is when a business has a name along the lines of [city name] [generic product category]. If this was outlawed, a competitor
166.
by yokem55 5y ago
> How much crypto is borrowed on platforms like Compound against USDT? Close to zero. Compound, Aave, Maker - none of them allow folks to use USDT as collateral to borrow against. You can lend it for yield, and borrow it from others, but
167.
by yokem55 5y ago
> Bitcoin's power lies in its controlled supply that is absolute and guaranteed. Bitcoin's supply limit is only as guaranteed as the community consensus around what the supply limit should be. Now that consensus is unlikely to
168.
by yokem55 5y ago
Flash loans have to be paid back in the same block or everything the flash loan funded reverts. And to ensure this happens, it usually is all wrapped up on the same transaction bundle. But liquidations are only triggered on oracle updates.
169.
by yokem55 5y ago
At this moment you can deposit defi borrowed usdt into Coinbase pro, swap it for usdc there, and then swap the usdc back to USD and withdraw to your bank account. Then if tether collapses you'd be able to pay back the borrowed usdt for
170.
by yokem55 5y ago
You might check out zkcheckout from zksync who run a zk-rollup that inherits the full security of Ethereum with pennies for fees. This would allow for direct stablecoin payments without an intermediary and is fully self custodial (unlike st
171.
by yokem55 5y ago
Because 'code is law' is a terrible expression to begin with. Law can be expressed with code, but law is ultimately a construct of human consensus. In the case of the DAO hack, the human consensus forked away from the bugs in the
172.
by yokem55 5y ago
That's why you can only borrow up to 80-ish% of your collateral, and that's getting very risky for the borrower. It also means that the sane lending protocols are somewhat stingy with what they take as collateral and then set the
173.
by yokem55 5y ago
No, but most folks have addresses (with maybe one or 2 degrees of separation) that have interacted with centralized exchanges that have done the kyc. The only way to truly anonymously get assets in the Ethereum world is to run the funds thr
174.
by yokem55 5y ago
Because the only way to get a loan is to put up collateral that is locked into a contract. And that collateral can only be extracted if you pay back the loan. So, if you value the collateral less then your debt, then, sure, walk away. But i
175.
by yokem55 5y ago
Because rollups exist on Ethereum that are cheap and are far more suited to end user self-custody then lightning ever can be. At the moment zk-rollups are roughly 100x cheaper then mainnet, don't require the user to run a node to self
176.
by yokem55 5y ago
Care to explain why you think uniswap isn't decentralized trading? The contracts are immutable, 100% on chain, and can be interacted with without any help from the uniswap web site.
177.
by yokem55 5y ago
> (1) an investment of money, Is usdc money?
178.
by yokem55 5y ago
I'm wondering if Coinbase's relationship with Circle is part of the issue? Returning yield on a token that you are sponsoring smells a bit more security-ish then commodity-ish.
179.
by yokem55 5y ago
Has there been a breakthrough on how small an Iridium receiver/phone can be? Because otherwise I'm going to call BS on this report. LEO satellite receivers are typically much bigger than what can be crammed into an iphone.
180.
by yokem55 5y ago
There is less of a liquidation risk regarding tether precisely because the major lending protocols (Maker, AAVE, Compound) do not let you use tether as collateral. You can deposit it to lend to others. And borrow it against other assets. Bu

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