zeroclip

19 ms·

181.
by zeroclip 4y ago
The main risks are around liquid staking derivatives and centralization to a specific centralized staking service or pool. See here: https://notes.ethereum.org/@djrtwo/risks-of-lsd https://research.paradigm.
182.
by zeroclip 4y ago
From what I understand, the primary mode of 51% attack is controlling 51% of hash power, such as renting a lot of GPU for a short term attack. This gives you the ability to censor the network, rendering it near useless and probably crashing
183.
by zeroclip 4y ago
Crypto is already an "industry of humans". OpenSea is a centralized company, run by humans, and they sometimes need to intermediate when there are bugs or problems in their platform that causes users to lose funds. They also have
184.
by zeroclip 4y ago
ENS already mostly has this. depositcontract.eth expires in the year 2150 and cannot be modified or transferred until that point. Infinite expiry doesn’t really make sense. https://app.ens.domains/name/depositcontract.e
185.
by zeroclip 4y ago
There is no story here, except “an unreliable website that some people use as a proxy to the blockchain is finally down, so ENS suggests using another service.” Critics and Twitter mobs are trying to spin this into some kind of failure of E
186.
by zeroclip 4y ago
“Mainstream” by crypto and Twitter-mob standards. Actual mainstream reporters are not talking about ENS or eth.link. > depend on another external third-party whom you have no control over This is how current DNS works. In ENS, you can ru
187.
by zeroclip 4y ago
This is inevitable for any entity providing blockchain services, especially if they are US based, they will be forced to comply with the government's draconian sanctions. Users who want to circumvent US sanctions will be forced to run
188.
by zeroclip 4y ago
> system’s web2 bridge heavily depends on a centralized trust point Yes, this is how it works. If you use DNS to access blockchain data you are routing through a centralized point that might fail like in the OP. But the blockchain and EN
189.
by zeroclip 4y ago
The beauty of decentralization means that ENS is not at the mercy of GoDaddy or eth.link. You can use an alternative open-source proxy like eth.limo[1], or use Infura, Alchemy, or query the ENS endpoint through a local blockchain node. Frus
190.
by zeroclip 4y ago
Bitcoin, sure. Ethereum and it’s many stablecoin tokens, Solana, Polkadot, Tezos, all do not have fixed supply and may be inflationary at times.
191.
by zeroclip 4y ago
This is a weird and brittle way to support crypto payments. What should instead be done is: 1. Accept stablecoin tokens like USDC. People do not want to buy a pizza and one year later be told they could have bought a house with that same se
192.
by zeroclip 4y ago
It is not realistic to generate a virtual card for each purchase. It creates a documentation headache as well, such as handling returns and payment proofs.
193.
by zeroclip 4y ago
Plenty of crypto tokens are inflationary. Some are deflationary. Some are both, based on supply and demand.
194.
by zeroclip 4y ago
It’s shown very clear technological benefit to engineering problems around DLT and BFT public ledgers. We do not see the same level of vitriol around Paxos or Raft despite them being arguably even worse and more centralized DLTs. I think th
195.
by zeroclip 4y ago
This is a pretty decent overview of the merge and how it stands to benefit the world by removing a significant amount of energy consumption per year. But the comments in that NYT article are almost comically against crypto, probably even mo
196.
by zeroclip 4y ago
This is not even a clipboard problem. If the site is compromised, they can display the correct value in the input form, but submit the malicious value in the code that triggers the wallet transaction. The user’s wallet software can detect t
197.
by zeroclip 4y ago
False equivalence. If you lose your crypto hot wallet, you might lose $100 as well. Much less of a hassle than losing your physical wallet with several important credit, debit, health, driver’s, and ID cards. A hot wallet is meant to be use
198.
by zeroclip 4y ago
There's countless examples of niche jargon on the front page of HN every day. Sometimes it has to do with Rust, or Zig, or Protobuf, or an obscure file spec. Today the jargon happens to be about blockchain consensus engineering.
199.
by zeroclip 4y ago
There’s already a bunch of delegated staking options for ETH2, including Lido, RocketPool and Coinbase.[1] Once withdraws are enabled this landscape may change. There is a lot more work that needs to be done to improve decentralized staking
200.
by zeroclip 4y ago
Client diversity has improved in recent months, particularly consensus clients: https://clientdiversity.org/
201.
by zeroclip 4y ago
Unlike most blockchain games today, Dark Forest is decentralized and has some unique properties: - the game is open source and free to fork - because of zero knowledge proofs, no single entity decides on or knows of the secret data. Assumin
202.
by zeroclip 4y ago
You might like 0xMonaco: https://0xmonaco.ctf.paradigm.xyz/
203.
by zeroclip 4y ago
Financial services: lending, borrowing, fractionalization, using oracles to peg tokens to real-world assets like USD and EUR, equities, perhaps eventually physical goods like gold bullion, high-end liquor, physical property. Payments: trans