zeroclip

13 ms·

91.
by zeroclip 4y ago
Each one of your posts has exponentially more tangents and problems than the last so it is hard to reply to it all, but > if the ethereum developers really wanted to, they could just change the ethereum code itself to mess with that sma
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by zeroclip 4y ago
MakerDAO has no ability to block individual holders' DAI tokens. ENS DAO and ENS root multisig owners have no way to revoke your registered ENS .eth name address or take control of its records. You and I have a different idea of "
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by zeroclip 4y ago
This is a long winded way of saying: > They don't have any other purpose and there isn't any other reason to hold them. A claim that is easily refuted. Send 1000 DAI to an individual and they can now hold a USD pegged asset non
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by zeroclip 4y ago
You did suggest that, even concluding with “That's the world of cryptocurrency” to re-affirm the equivalency of the comparison. This framing is disingenuous. Crypto proponents do not suggest holding all assets in a single key and leavi
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by zeroclip 4y ago
I think you misunderstand DAI. Saying the point of DAI is to accumulate crypto is like saying the point of a car is to accumulate oil. People use oil, or ETH as the gas token in this example, to drive the car, or drive the DeFi apps. You ca
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by zeroclip 4y ago
Why don't you write an article about Web3 technology instead of Bitcoin or vacuous crypto-influencer statements? If all of Web3 is a con, then you should have no trouble dismantling the usefulness of ENS, Aave, DAI, and Uniswap. Spendi
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by zeroclip 4y ago
Running a server is not straight forward, but people still manage to do it. These UX problems can be solved. An example is Aztec protocol[1] which makes it easy to send and receive anonymous payments without running a private blockchain nod
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by zeroclip 4y ago
The article focuses on Bitcoin, Proof of Work, hyped statements like houses-on-the-blockchain, and Ponzi schemes like Bitconnect, which is to say that it isn't focusing on any of today's Web3 tools or products, and especially is n
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by zeroclip 4y ago
“Value” in this context is a digital asset that is assigned to you and can be exchanged for some real world value. One example is PayPal. When you deposit fiat into a PayPal account, you get back an asset: a digital and virtual currency tha
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by zeroclip 4y ago
Spotify is a terrible platform for actually paying artists. Look around[1][2]. Ironically they are now testing NFT and blockchain technology, which might drive some more sales toward artists, but still through Spotify's high rent extra
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by zeroclip 4y ago
Another legitimate use case is financial privacy. There are several tools on other blockchains that achieve the same.
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by zeroclip 4y ago
This post is mostly about Bitcoin and Proof of Work. Currently "Web3" tech is being built on Ethereum, Proof of Stake, zero-knowledge proofs, rollup sequencers, data availability sampling, and multi-party computation. The recent a
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by zeroclip 4y ago
Not if you want a return higher than 0.2%. People investing in Celsius and Aave are not using it as a low risk savings account.
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by zeroclip 4y ago
You don’t need to hodl. You can spend, invest, trade, all self custodially by just interacting with the chain.
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by zeroclip 4y ago
The vast majority of Aave users still have their funds, compared to Celsius users. The effort required to hold keys is not really that significant. Privacy in blockchains is certainly possible. Tornado cash, Monero, zcash, Aztec.
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by zeroclip 4y ago
Ask the Celsius investors whether they, in hindsight, would have preferred custody over their investment in the way that Aave users have come to have. Most would say yes. If you are just storing a moderate amount of USD in an account with n
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by zeroclip 4y ago
Three clear and obvious outcomes of this unwinding: 1. The crypto mantra "not your keys, not your coins" rings true. 2. Entrusting your personal financial data with a private company is sure to end in disaster, either by hack or c
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by zeroclip 4y ago
This is where blockchain ends up shining, since there are economic incentives to running a node.
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by zeroclip 4y ago
Are you reading the same thing I am, including their GitHub? https://developer.tbd.website/ It’s not completely fleshed out by any means but it also isn’t a complete lack of details.
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by zeroclip 4y ago
> When there are daily ponzi schemes full of fraudsters who take people's money and run in an industry segment, it's worthy of distrust At some point you have to untangle the ponzi and scams from the technology. We did this wit
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by zeroclip 4y ago
all other projects that have failed on Bitcoin you mean? web3 landscape has been growing steadily on Ethereum in recent years.
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by zeroclip 4y ago
I am very pro-NFT and pro-blockchain but disagree with the author. Blockchain is not going to replace a MMO item database. Blockchains have bottlenecks and are not needed if you and your users are OK with a centralized database to meet high
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by zeroclip 4y ago
Can you describe how a snowflake ID would help? Imagine the data contains two Rare Items, when it should only contain one instance. They both have different snowflake IDs. How do you determine which is authentic? The timestamp on the duplic
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by zeroclip 4y ago
In a Bandcamp-like platform, the NFT would be a proof of purchase. When a user purchases your digital NFT album, they can at any point sign a message to get a link to the MP3 or FLAC files. In a Patreon-like and Kickstarter-like platform th
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by zeroclip 4y ago
If you are sending cash numerous times in the mail I would say this is a problem and technical solutions that aim to improve on this are beneficial. That said, you and the receiving party may be living in more fortunate conditions. Many peo
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by zeroclip 4y ago
Hypothetically: if an audience is paying for your digital content or paying to support you on Patreon, they could instead pay for your content through crypto - if they are so willing and have it at their disposal. Aside from the lower fees
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by zeroclip 4y ago
You’ve described a few mechanisms that are different than sending cash in an envelope: check, money order, ACH, wire transfer. I guess all of these too could theoretically be replaced with crypto depending on your need and situation. With s
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by zeroclip 4y ago
The bubble dying is the perfect opportunity to re-examine the technology and determine whether it is a suitable means of freeing artists and creators from the problematic revenue models of major tech platforms. I pointed to the artist omen
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by zeroclip 4y ago
> How can good content be monetized in a way that allows it to remain independent and not succumb to warping its content to feed that monetization? How can it be audience driven instead? Is such a thing even possible? Right now good mone
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by zeroclip 4y ago
Then maybe you are in the 'average retail investor' bucket, without much grasp of the protocols and software underlying these tokens.

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