zodiac

21 ms·

211.
by zodiac 9y ago
What do you mean "contagion"?
212.
by zodiac 9y ago
First you must define what you mean by "stabecoin" and "leveraged". I can think of at least two definitions for each one that do not completely overlap.
213.
by zodiac 9y ago
> Stablecoins are fundamentally broken and unsound. Ignoring the tech-stack that achieves price stability, and looking at them purely economically, the math simply breaks down. You seem to be making a claim about the space of all possibl
214.
by zodiac 9y ago
He has a weird definition of "break". At no point did the value of collateralized ether backing each DAI go below $1 or even anywhere close to that. There are valid arguments to be made against a DAI-like system like capital ineff
215.
by zodiac 9y ago
Yes, a user can sign multiple blobs. One construction is this: we agree on some genesis state (no block rewards are issued in this protocol). Call a transaction pre-valid if the transaction is signed by the oracle. A transaction is valid if
216.
by zodiac 9y ago
I think you have to be more precise when making claims of this sort; in this case "establishing a global clock" is not very precisely defined. Suppose we have an oracle that implements this protocol: it publishes a new public key
217.
by zodiac 9y ago
> Websites ARE the ads, because that's their point. Sounds like that's a perfectly profitable business model, broadly defined
218.
by zodiac 9y ago
It's more nuanced than that, of course. For example the technological barrier of "our payments infra suck, so credit cards charge a minimum fee" rule out some kinds of micropayment business models (other barriers like UX or c
219.
by zodiac 9y ago
But as a customer, relying on SaSS solutions is so convenient. You can't just preach to people about the long term collective harms caused by SaSS - in game theory terms, the strategy where everyone willingly endures the pain of non-Sa
220.
by zodiac 9y ago
Are you claiming that in an unregulated market, because of wash trading, it can become generally known that an asset is mispriced such that the mispricing is arbitrarily high? It seems to me that the market efficiency of unregulated markets
221.
by zodiac 9y ago
No, crypto should mean cryptosporidium, a microscopic parasite that causes diarrhea. Even the US CDC seems to agree in https://www.cdc.gov/parasites/crypto/index.html . (with credits to https://twitter.c
222.
by zodiac 9y ago
Is there any other (economically sound) alternative?
223.
by zodiac 9y ago
The core mechanisms are enforced by smart contract, dai issuance comes from multiple entities, it provides (or aims to provide) a large number of users some utility (stable purchasing power, whether to hold or spend) - why is it not a dapp?
224.
by zodiac 9y ago
I think that /j/ sound is classified as a consonant, not a vowel
225.
by zodiac 9y ago
this kind of stuff = merkle trees? they're really awesome. I like to think of the whole class of things as "self-authenticating data structures". for a list of uses for merkle trees: https://en.wikipedia.org/w
226.
by zodiac 9y ago
I was actually referring to the transport encryption which is designed to be "trustless" (but which, as you point out, is distinct from the digital certificates part)
227.
by zodiac 9y ago
So what would you characterize the "trustless argument" as being? Would you say that an analogous argument could be made for TLS?
228.
by zodiac 9y ago
> And once you outsource the security you're no longer in a "trustless" state. The "trustless" pipe-dream (in the consumer use case) all sort of unravels from there for me. I think the conclusion doesn't fol
229.
by zodiac 9y ago
> That is untenable, as people will always override software, whether that's through a courtroom, a government/regulatory body, or a fork based on majority consensus. I would say every single non-naive person in this space real
230.
by zodiac 9y ago
Do you think literally every piece of research which studies for e.g. something about ethereum is marketing for ethereum? Would you use the same logic to conclude that a systems paper that implements some novel kernel architecture by patchi
231.
by zodiac 9y ago
> If it's got the name of a specific currency in any of the emails, it's marketing. I think this is way too broad and leads to absurd conclusions. For instance there's an MIT research group whose mailing list I subscribe t
232.
by zodiac 9y ago
That's because rejecting RBF transactions without making it part of consensus is not incentive compatible
233.
by zodiac 9y ago
> Linux distros are by far the best environment for a computer scientists I feel like this is a wide enough class that you shouldn't speak for all of us. I spent years on Ubuntu and a bit in centos and then macOS and prefer the macO
234.
by zodiac 9y ago
I am aware of their architecture. How does it circumvent the bound?
235.
by zodiac 9y ago
> Nothing about blockchains prevents censorship. The decentralization of block producers helps. For instance we saw a few years ago that a few payment processors could decide to not support wikileaks donations, meaning that the only non-
236.
by zodiac 9y ago
> What's the point of having a chain at all? Different people answer differently, but many would give censorship-resistant currency as a use case. My personal answer is more complicated. > If you end up scaling off-chain, then on
237.
by zodiac 9y ago
A non sharded public blockchain that doesn't do some kind of validator delegation will always be bottlenecked by a single validators computational capacity, which is on the order of 100-1000. Hedera is really pushing the line on making
238.
by zodiac 9y ago
I'm confused by this, as well as by your parent comment. Could you make your claims more directly so I can understand them?
239.
by zodiac 9y ago
The casper-ffg paper is a pretty good spec for a hybrid PoW-PoS system, and is IMO a good place to start before looking into full PoS systems
240.
by zodiac 9y ago
Go on, how do you "prove node's aren't colluding"?

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