Viewing profile — dmihal

You should check out the Zero Knowledge podcast ( https://zeroknowledge.fm/ ) It's a crypto/blockchain podcast, but very technical, it's focused around the advanced technology that…

One project I'm following is Aztec Protocol. It's an Ethereum L2 (so faster & cheaper transactions, similar to Lightning) but it supports any Ethereum asset (ETH, USDC, WBTC) and i…

Fees are a function of supply & demand. High fees means there's tons of demand to use the chain. Yes, it sucks for small users who are priced-out, but scaling solutions such as rol…

> What serious borrower needs to pay 10% to access credit? People who can make more than 10% trading? Lending protocols aren't doing anything different than what banks do: allocati…

The transaction flows aren't dependent on new holders, it's dependent on users. If you somehow banned any new users from using Ethereum, existing users would continue to use Ethere…

Flash loans themselves are not an application, it's a primitive that other applications can build on top of. There's many applications like DeFiSaver that use flash loans to allow …

People hate Robinhood after they blocked users from trading. Decentralized exchanges like Uniswap are impossible to shut down.

The same reason that Bitcoin hasn't been displaced by newer projects. Both have massive network effects. Marginal technology improvements aren't enough to convince developers to bu…

> it might make sense to borrow 900 in ETH with 1000 ETH collateral. Then you make your vote on the DAO with a power of 1900 No, you would vote on the DAO with a power of 900, beca…

Exactly, Ethereum is a better Store of Value than Bitcoin, not only because it is scarce, but because it provides utility, which creates demand. People need ETH for: * Paying trans…

The most innovation is happening in financial products. There's no way for a developer or entrepreneur to experiment building in traditional finance without the support from large …

Which investment opportunities don't favor early adopters?

And Proof of Work means those with access to cheap electricity rule over the network, which is why most mining happens in western China.

FinTech is a new frontend for finance Crypto & DeFi is a new backend for finance

The protocol is still in the early stages of development. The social contract is that the protocol & monetary policy will ossify after the transition to PoS & sharding is complete.…

Do you consider earning interest to be speculation? I can put stablecoins (crypto dollars) in a lending protocol like Aave and earn ~10% APY. Compare that to my savings account, wh…

Bitcoin isn't valuable because of its technical properties, just like gold isn't valuable because of its physical properties. Both are valuable because of their universally recogni…

What's the current status of eWASM? Seems like there's discussion of scrapping the whole phase 2 "execution environments" and just allowing heterogenous execution on rollups.

Short answer: no, there's only one Ethereum and one ETH asset Long answer: The beacon chain _will_ run in parallel until the two chains are merged. Until that time, ETH in the Beac…

yEarn is offering ~17% APR on stablecoins, but of course the risk profile is vastly different.

If this thread is any indication, most investors don't understand nuances of cryptocurrencies, just Bitcoin and "not-bitcoin". As projects like Ethereum continue to develop, I imag…

Imagine somehow a single party gets 66% of all ETH, enough for them to execute the equivalent of a "51% attack". The community will notice and can decide to do a hard fork of the n…

> Yes you've endured some volatility in price Not if you use stablecoins like Dai :)

I get paid in stablecoins on Ethereum. Then, I deposit them in lending protocols like Aave to earn ~6% interest. Would you say that I'm using them for their original intended purpo…

Now route your Ethereum node through the Tor network