cslarson

It does not need to be more work. There is a default algo. Users can also opt for alternatives.

let people filter for themselves. someone is offended by pornography so chooses an algo that accounts for that, another is offended by anti-trans sentiment and another algo accounts for that. everyone should be more broadly free to speak but we are not all forced to listen.

I don't think these anti free speech "examples" have the effect that people who cite them expect. Yet they are used a lot which points to a striking disconnect in communication.

Ha this is so well put, thank you.

But it does surprise that so many technologists are falling into this trap (disregarding the innovation because of the plethora of junk it enables). The value of permission-less platforms and protocols should no be assessed absent of curation. Google, email spam filtering, wikipedia, the web abounds with examples and without curation we would be in a sea of shit.

I think adding .eth fell out of favor after Brantly Milligan was fired from his job and banned from Twitter.

Many of these may have been dropped as a response to Brantly Milligan being fired/canceled/banned from Twitter. At least that's why mine is up there. Could do some analysis on dates to confirm/disprove.

they don't necessarily require ongoing maintenance, it depends how they are coded. some might even say the "correct" way is a non-upgradeable back-end (on-chain solidity contracts) and hash-addressed, ipfs hosted front-end. anyone can then pin the front-end themselves to ensure access or just run the code locally. dapps should rely on centralised, server based components as that mostly defeats the purpose.

uniswap is a good example. when they release an upgrade users must explicitly adopt the new version. in fact uniswap v1 and v2 still see usage despite the release of uniswap v3.

just curious where you get the 30% figure. usdc borrowing on aave is 2.83% right now, which is practically reduced a further 0.97% by the AAVE incentives. most other stablecoins are in the same region.

Andre is an innovator, both of protocols and token distribution methods. He invented the notion of a "fair launch" with YFI. Nobody was ever forced to interact with the contracts he published, they chose to. But of course he became a big figure and then got untold amounts of shit dumped on him.

Anyway, here's hoping he continues as an anon. That's really the only way. People are ridiculous.

Don't keep your backup fully available at your house for this reason. Figure out we way to split it up and distribute it, but with redundancy.

Yes you can get pretty far just signing stuff but without general availability of those attestations you are quite limited.

That's a reasonable way to describe programmable blockchain - availability for these attestations.

The side effects may be horrible but almost certainly not in the naive way you imagine.

Not just currency but pretty much all financial services. I have blockchain based assets and have used an Ethereum based service to borrow against them to help buy a house. Tokens are an almost unimaginably large and general concept and will be applied to many things (real work assets, stocks, loyalty programs, etc.) and provide much more flexibility for how they are used, distributed and exchanged. DAOs are organizational structures that are built, generally, off of token based membership. This is also a huge landscape for social coordination.

A lot of this is just new, though. So explaining like this can only go so far and ultimately it must be experienced, like the original web in the 90s.

Agreed, this article highlights the important property (decentralized state) that programmable blockchain (web3/ethereum) provide and why that's needed to change the current power dynamics governing web activity.

Nothing really has surprised me more than how difficult it had been for a lot of you to understand what the value is here.

It is a database with a new property: data and rules for manipulating data can be fixed. Yes inefficient in iops but who cares - it allows a whole new class of activity.

Researchers and devs have been and continue to work incredibly hard to ensure this stops being the case some time mid year 2022.

Current Ethereum is a non-scaling proof of concept. They kicked that can down the road, but the blueprint solution is now in and many of the components are built.

The short of it is that with the modular approach to Blockchain scaling, more nodes will mean more scale. Separating out execution, settlement, and data availability, the blockchain "trillema" is inverted.

The writing is a bit technical but I recommend that of @polynya to understand more.

https://twitter.com/Swagtimus/status/1445905613486231555

https://polynya.medium.com/

This eip goes against everything you are claiming. It is pro-user and pro-scaling. The current eth mainnet was always essentially a proof of concept. Everyone knows the goal has been to find a scaling solution. L2s and rollups are that solution. Sustainable scaling was never guaranteed and yet now, due to some incredible brains, we have the technical roadmap worked out and coming to fruition. This eip lowers costs for L2/roll-up users it is completely pro-user and not to just make existing eth holders richer.

Basically yes. If people on hn got their heads out of the sand they'd learn being in the space was pretty profitable because of all the incentives offered to users.

it seems likely that many of the people who run large scale mining farms will just move to a different chain that they can still dedicate their GPUs to

Not likely. Other chains do not have the economic incentives to support these ex-Ethereum miners. Mostly it will just cease.

And will end entirely in a few months.

FYI, $200 is the current bid on that nft and isn't accepted by the seller for obvious reasons. BoredApeYachtClub nfts have a floor price of 52.42 ETH on opensea so the 66 ETH price tag the seller has on it is likely more in ballpark. 52 ETH is about $217k.

Cryptocurrency (dumb term) just means token - it is a very broad concept. Tokens can have stable value pegged to a fiat, or represent share of a company, or a non-fungible item like a house, or a fungible share of a house, or claim on profits from a financial protocol, or memecoin, or a way to pay for transactions. Of course traditional valuation models can be assigned - it just depends on the characteristics of the token in question.

they use https://localcryptos.com

DAO just means decentralised organisation. Like token, also a very generic term, it can come in many forms. There is nothing inherent about a DAO that even includes tokens, let alone tokens that are fungible or even acquirable.

but IMO widespread adoption of platforms like Bitcoin and Ethereum will also lead to many new and terrible social problems

So glad you said this - I've also been in the Ethereum community for a while and have significant trepidation about the impact of this technology. But also I see it as unstoppable so we have a duty to participate and try to ensure the positive outweighs the negative.

this tech will present many challenges. it could make many political problems much worse. but it is also unstoppable.

you are stuck on NFTs and Bitcoin then. many would agree that these don't hold fundamental value and worth debate. but does usdc on Ethereum have value - probably if you pay taxes. does a token representing a share of a house, or a leverage protocol that's making bank? the token that makes that all possible (ETH), does it now have value because it enables things of value? yes!

anyone can publish a website or a blog post but not all the websites or blog posts are valuable. this does not invalidate the web. the signal/noise simply changes because now it is permissionless and low cost.

in the last 24hrs i,

- funded an Afghan refugee friend in Turkey with ETH. they have no bank account.

- joined a dao to bid on the last privately held copy of the US Constitution.

- claimed an airdrop representing some control of a protocol i had used

- borrowed stables against volatile collateral

- repaid loans, shored up collateral (market went down)

- many token swaps (stable <-> stable, volatile <-> stable)

the hn crowd should be leading discussion on the ethical implications of the technology but it is stuck where it was like 10 years ago. it is very strange. but i guess this happened to slashdot too.

the crypto world is full of useless memecoins

This criticism should really end - yes, it misleads many people!

Creating a decentralised app, or a token, is permisssionless! Yes, anyone anywhere can do it. Much like publishing a website, or writing a blog article, the costs are negligible. The fact that there are a lot of useless websites and blog articles does not invalidate the usefulness of the web!

The existence of shitcoins means absolutely nothing.