w_TF

imagine writing a post explaining that after careful deliberation you're no longer copying and pasting your posts from one website to another and trying to pass that off as strategy

these laws are feckless and unenforceable, maximal non-compliance will expose that the destiny you're describing only happens if you willingly accept it

do not comply do not pay the fine idiot geriatric lawmakers have no power over what you do with your computer

i understand their motivation, but none of the existing controls have done much to prevent those bad things from occurring either

sometimes you wonder if people have become so thoroughly captured by the status quo they can no longer even conceive of a monetary system existing that is not entirely dependent on custodians acting on someone's behalf

it's not the developers of bitcoin's fault your entire reg compliance apparatus was constructed on requiring intermediaries

you don't even need insider information to make this trade (although he still might have tipped people off personally)

he literally told everyone to do it

https://truthsocial.com/@realDonaldTrump/posts/1143082727259...

and you might have felt especially confident if you recalled him doing the exact same thing in 2018

also not very punk rock to crave validation from unesco

but the newer generation are using it to get more creative. Without spending half the time beat matching, they now have time to interact with the tracks more - play with stems, loops, filters, fx, scratching etc.

It’s becoming more of a live performance

while this is true in theory, i find that sometimes the new tools end up becoming a crutch making djs extremely boring

the extra time freed up from not having to concentrate on beatmatching etc. is replaced with nothing

a lot of the time i have no idea what people are even doing they may as well just be playing a playlist from spotify

whereas i can generally discern what a vinyl dj is doing, and watching someone like jeff mills dig through piles of records & spinning 3 decks while being on the edge of trainwrecking has a kind of energy and tension that gets lost and is not replicable with newer technology

it's sorta like someone being able to sing really well naturally vs someone with autotune

that being said i've still seen amazing sets from digital djs or people with interesting live setups

Have to wait for a post-mortem, but there was some speculation from Ben earlier in his spaces.

They used a gnosis safe which is a smart contract multi-sig wallet that is pretty much the gold standard for Ethereum.

They believed that all of the signers' pcs were hacked and that the UI for signing was staged with a fake element to make it appear like a normal transfer.

They were signing with hardware wallets, but it's hard to verify what you're signing from a ledger typically.

What they ended up signing instead was an upgrade to the smart contract giving control of the gnosis safe to the hacker who then drained it.

he has been paid pretty handsomely from various grants and individuals

what matters more than anything is frame geometry, this has much more influence on how a bike feels than frame material

older aluminum frames have a reputation for feeling harsh, but it's not because they're made out of aluminum

Luna/UST was a completely degenerate & risky design; they were allowing 1:1 redemptions between the value of Luna in USD & the UST stablecoin.

As the market cap of Luna skyrocketed it allowed for the minting of massive quantities of UST, and then as the price of Luna declined the value of the tokens backing UST was less than what was in circulation and contributed to the death spiral.

No amount of demand for Luna block space was ever going to keep this thing pegged. The only thing defending it was open market moves from extremely well capitalized trading desks which is uh decidedly not "algorithmic" nor "decentralized".

There's other stable coins with similar mechanisms like Synthetix / SUSD which are also risky, but AT LEAST in their case they require 400% overcollateralization in SNX to mint SUSD.

What's shocking is how many people, who ostensibly should be in the top 1% in terms of finance IQ, (e.g., Mike Novogratz, Raoul Pal, etc.) were seemingly unaware of these risks and never examined how it worked while shilling it to retail investors.

Something that rarely gets addressed in these discussions is why Ethereum even has fee market to begin with instead of a cheap FIFO model which ideally would be more fair.

To answer that I would invite anyone to try using a blockchain under heavy load without any way for users to prioritize transactions. What you will find is the network becomes vulnerable to transaction spamming; possibly to point of breaking consensus making it so nobody can transact at all.

MEV is a consequence of a design decision to address this. And that's not to say Ethereum has everything figured out and a better FIFO model can't solve this, but afaik this is the current state of things.

This is a personal favorite https://www.youtube.com/watch?v=szWhzdqrS2g

It's amazing what can be wrung out of old hardware.

The source(s) of the yield they were promising were extremely dubious and unsafe, the same can be said for Celsius.

When they tell you your crypto is being lent to "institutional investors" what they really mean to say is they're gambling with your crypto in defi protocols, and you can see this happening on-chain.

It's amazing how they keep shifting the goal posts every couple years.

First it was supposed to be digital cash, but then suddenly it's gold and now "digital property".

When it became apparent that it's very wasteful they said the only thing hard money can be backed by is pure entropy.

also the definition of an NFT becoming an ugly tradeable jpeg

It's refreshing to see someone actually roll up their sleeves and not immediately descend into reactionary takes.

The criticism here is excellent; I think something people outside of this space never see is that despite all the boosterism there are web3/crypto proponents who have been airing these same exact grievances for some time now, particularly regarding metamask, infura, ipfs, & opensea, but there's alternatives to all of these.

Decentralization is a spectrum, and while I think Moxie's probably right in that this all trends towards consolidation, at the same time there's founders trying to to change course and move in the opposite direction, Joe Lubin being among them.

with openmw it's just an engine, players have to source the original game files themselves to play and so there's no legal threat afaik

I totally get why people stay away from this stuff, but I've found the best way to understand what is going on in this space and what it potentially has to offer is to actually use it and experiment with it which is something any naturally inquisitive person would do. The quality of journalism (which as far as I can tell many are relying on to form opinions) surrounding anything crypto or "web 3" related has been astonishingly lazy and just flat out bad for a long time.

knowing their spending habits, i tend to assume the DOD is paying that off-brand gate guard 10x whatever it costs to train a marine

Defi protocols are incredibly powerful tools; the only thing preventing me from never using a bank again is not being able to pay for goods directly with stable coins. It's obvious the vast majority of people maligning them have never used them.

I find it weird how everyone wants to point their fingers at politicians or the police as if these are the forces that created this mess, as if those groups simply snapped their fingers then the economic conditions that perpetuate homelessness would magically disappear.

Everyone wants someone else to make the problem go away for them, that they shouldn't have to play any part in that because they pay taxes, and all the while they're also lobbying the city to keep housing density low out of some absurd privileged need to preserve a broken status quo of what they think an idyllic neighborhood ought to be.

It's incredibly ironic how in America we've recreated the very thing that Americans were trying to escape from in Europe -a landed aristocracy.

BSC was successful because it allowed users of Binance to withdraw assets from the exchange directly to their chain, and because it was the first major EVM compatible network to spring up with low fees.

The problem with it is that it's too centralized, most of the projects deployed on it are trash versions of Eth dapps that get exploited constantly, and their shitty geth clone keeps breaking.

Users are not loyal to chains and will go wherever money is to be made, for a while that place was BSC but for now it's Polygon due to massive liquidity incentives to lure users over on AAVE and other well established dapps becoming multi-chain.

But still, all the most innovative projects are Ethereum-based and that's where all the best people in this space are building.