zeroclip

15 ms·

121.
by zeroclip 4y ago
And most understand that Dogecoin and Ethereum are different coins, and probably even that Ethereum and Ethereum Max are different coins. But they often do not know the difference between these protocols or projects. It would be like puttin
122.
by zeroclip 4y ago
One has value and utility besides its market price, the other does not. But to the retail investor who does not use either, and knows little or nothing about blockchains and decentralized protocols, they are equivalent.
123.
by zeroclip 4y ago
How can anybody look at the 'official' Ethereum Max twitter and not see it as a sham?[1] The problem with crypto is that your average retail user, and probably even a lot of regulators, do not understand the difference between Eth
124.
by zeroclip 4y ago
Three main issues with Bitcoin: high energy cost and e-waste, fixed supply cap which incentivizes hoarding, and long-term security budget concerns.
125.
by zeroclip 4y ago
Look again. The original statement did not explicitly assume forex. And the original comment to that statement was a question as to whether forex is needed; the answer is “no, if you don’t require fiat” - and obviously it also depends on ca
126.
by zeroclip 4y ago
Technically this is possible on a blockchain. Optimistic rollups for example have a week-long dispute period. It’s just that most people using blockchains haven’t needed or wanted this feature given its costs and centralization. Especially
127.
by zeroclip 4y ago
This is a pretty poor way of transferring value. High likelihood of theft or loss, long transfer time, low maximum legal limits. It may beat Bitcoin as a one-off workaround with no need to scale, but unlikely to beat L2 ERC20 crypto payment
128.
by zeroclip 4y ago
But it does work for international transfers, if you also assume that the sender and receiver are spending the token for services, or if either party is not in a rush to exchange from or to fiat. An example would be a US citizen pulling c
129.
by zeroclip 4y ago
Technically more if you count ISP, computer provider, and the bank handling your fiat to actually get in and out of the exchange. But the idea is, once in the system, there are less intermediaries*. So if you send ETH or USDC, the receiver
130.
by zeroclip 4y ago
BTC bro timing his exit with the ETH merge? Good riddance. Things are only starting to get interesting this year, hopefully this trend of BTC maxis leaving crypto will give more room for the actual engineering and cryptography to grow. See:
131.
by zeroclip 4y ago
Sign in with private/public keypair instead of Google auth or per-site auth is a pretty incredible advancement of authentication on the web. IPFS does not need to be single drive. The user has the option to self host. The original plat
132.
by zeroclip 4y ago
Depends on the token used. ETH - middleman is all stakers and nodes securing the network, in which you can also participate. USDC - same, but with a centralized company who will blacklist your funds if you are on a US sanction list. Already
133.
by zeroclip 4y ago
> I have seen 6 wrapped versions of DAI on Solana. What does Solana have to do with Ethereum L2s? And what are you referring to about bridges, forks, chains? L2 = rollup. Users have several to choose from, and are not forced into a singl
134.
by zeroclip 4y ago
Agreed, although short term solutions like having freelancers paid in ADA just to avoid ETH fees might end up hurting users and eroding their trust in blockchains in the long run.
135.
by zeroclip 4y ago
Personally feel that a better solution long term is Ethereum L2 payouts.
136.
by zeroclip 4y ago
This is good but I wish it wasn’t specific to Braintrust. Have been in crypto for a while and have never heard of Braintrust or their token. Freelancers should just be paid directly in a ERC20, Stripe could take a small fee on transfers for
137.
by zeroclip 4y ago
Cash is not accepted everywhere. Lots of countries are nearly cashless, with small merchants already unable to accept cash.
138.
by zeroclip 4y ago
This comment is misinformed; if the asset lies your non custodial wallet, only Circle can blacklist your USDC funds. So far Circle has mostly only frozen funds related to government sanctions. Users are free to exchange the funds to DAI whi
139.
by zeroclip 4y ago
The blockchain does pose new questions about digital privacy rights. Cryptography that privatizes transactional flow of USDC tokens is indistinguishable from the same cryptography that privatizes transactional flow of digital assets. Want t
140.
by zeroclip 4y ago
Many who had USDC on TC pools have had their assets frozen. Others might have a hard time sending or receiving these assets to typical US-based services because they will be hesitant to touch anything that has been through TC.
141.
by zeroclip 4y ago
They can’t do anything except create harsh regulations for anybody using this kind of math. This is what US is doing and it does work at stripping away user privacy.
142.
by zeroclip 4y ago
Seems about right. More users would use Tornado Cash if regulation was clear and allowed it. Zcash and Monero lack smart contracts which limits their use cases. ZK based privacy was possible and working fine for many users through TC before
143.
by zeroclip 4y ago
Projects that are interesting or working as intended[1] are less likely to appear in Molly's website as her goal is to highlight the worst offenders. [1] https://news.ycombinator.com/item?id=32500427
144.
by zeroclip 4y ago
I don’t doubt it but I think the commenter was referring to a legal means of exchanging the funds to fiat.
145.
by zeroclip 4y ago
Depends on your jurisdiction. In some parts of the west you can easily exchange 400k to fiat in less than an hour. But in some countries, this might not be so easy. If you reside in Russia, China, or Canada, you might have a hard time. It m
146.
by zeroclip 4y ago
This sounds like a scam. If you really want censorship resistant payment processing you should not use some central custodial service extracting an obscene rent. By comparison, Ethereum is highly censorship resistant and its fees are relati
147.
by zeroclip 4y ago
You are right, apologies I came on harshly. But your post does have a lot of inaccuracies.
148.
by zeroclip 4y ago
Your wall of text is incoherent and reveals a deep lack of understanding of the blockchain. ETH doesn't "go over to American nodes" and validators running in the EU are not like American-made arcade machines. > with the ma
149.
by zeroclip 4y ago
What lies beneath the NFT market is not much different than what lies beneath the traditional high-end art market: scarce objects made by artists and creatives, and there are some who want to collect these objects. It’s short-sighted to thi
150.
by zeroclip 4y ago
The same happens with digital art and NFT. Hundreds, maybe thousands of people will 'like' or re-share a tweet or Instagram post without realizing the artist is selling it as a NFT. The audience just appreciates it, without thinki

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