241–250 of 302 posts
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The government is an investor. If the government buys enough bonds at X% interest rate, that is the market rate.
Sorry, that's not how it works. The governments runs an auction where the bonds are sold to investors. That sets the market rate. The government would not buy its own bonds in the auction (it wouldn't make sense) and cannot force investors to buy the bonds at a particular rate.
A domain where its default home page is a PDF? That's a new one... ps. And I'm not buying the "environmentally friendly" argument until proof-of-stake is actually live and completely displaces PoW in mainline production.
If the issue is whether PoS will work is troubling you: other PoS chains like Algorand have been successfully running for well over a year. Seems in no doubt.
I am one of the implementers of Ethereum Proof of Stake ( https://github.com/prysmaticlabs/prysm ) and I would like to clarify a lot of misconceptions around Ethereum and why we find this technology so exciting: - Proof of stake has serious flaws if done from scratch, as you are trying to secure a network using value created out of thin air. Ethereum is migrating to proof of stake from proof of work, and has already…
I am worried about price movement intruding into this scheme. How can the price of ethereum be stabilized so that staking or other forms of lending or collateralization can be done without the price drift wiping out the yield?
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Well - money laundering, drug dealing, ICO scams... On the positive side I think there's something like creating wealth through the power of imagination. I mean 20 years ago there were no crypto currencies. Now on paper they are worth $2trn ($260 a head for the world's population). And lots of people can feel wealthy because they have $100k in bitcoin of whatever. And it can retain actual value in the sense that you…
> Where does the value of fiat currency come from From the taxman knocking at your door. They have prisons you know and some really well armed goons. They also control the education system and pretty much everything else and are capable of stealing your children from you and send them to die in some far away shore. They create all kinds of myths and bullshit and we take them for granted... like national identities an…
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A regular centralized company wouldn't want to necessarily use the ETH blockchain. They would use a private blockchain for internal auditing or supply chain partnerships, and would probably build it on something like HyperLedger https://www.hyperledger.org/use/fabric (What?! The Linux Foundation??). Binance did fork ETH and has built out the Binance Smart Chain. Problem is that is still centralized. The unresolved de…
> Bitcoin is open source Bitcoin is open source, all right. But the first mover advantage and marketing campaign that it has...well it's insurmountable at this point. > Problem is that is still centralized The world doesn't give a damn about that. The only killer app of decentralization as of today is the ability to give people peace of mind that the unit of account they use to store their wealth cannot be tempered w…
Being able to use a tamper-proof currency in financial applications that are decentralized means one's holdings of that currency remain tamper-proof even when they are employing them in financial applications. That is the value that Ethereum's smart contract functionality provides.
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This is such a simplistic view of “the little guy”. The dollar system is set up such that they have to ‘invest’ or else they will never be able to afford a house. Savings will bankrupt them. Stocks are meaningless, just handing your money to rich people that will never give it back in hopes that you can sell it for more later. But the whole system looks like it’s in free fall, so that doesn’t seem likely. Crypto woul…
> Crypto would have zero value if normal people weren’t scared and distrustful. That implies cryptocurrencies provide no value by themselves and is simply false. Ethereum is essentially a distributed virtual machine that anyone can pay to use. Monero offers complete financial privacy.
Personally, I've moved all of my funds from other currencies into Ethereum. Not that I think it will make lots of money, but because Ethereum actually could have utility, and has a solution to the climate change impacts of Bitcoin. So really, if I'm going to hold any cryptocurrencies, that's where I want them
Proof of Stake just means those with the biggest money bags (stake sounds so much better than wealth) rule over you, explicitly. It is simply plutocracy, but with cute emojis.
No, in Ethereum, Proof of Stake does not set protocol parameters, so no one rules over you.
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>Ethereum's blockchain uses up over 1 terrabyte Presumably any currency that records all the world's transactions is going to have terabytes if not petabytes of data. Either you go with a tech that will support big data or you limit the transactions like bitcoin making it impractical as an everyday payment mechanism? For me the important part of decentralized is it can be run in different places so governments can't…
Why should it be a single world currency? Why not just have a system of multiple currencies which can be accepted interchangeably as payment? Automatic valuation and conversion of a cryptocurrency is possible. It can even be done in a decentralized way without trusting anyone.
The start of the document: >The purpose of this memo is not to denounce Bitcoin. Bitcoin enjoys a growing institutional spotlight, a compelling narrative as digital gold, and a portfolio allocation as an inflation hedge. However, institutional allocation into the Ethereum ecosystem is currently low... You can denounce bitcoin for the CO2 emissions though. At least etherium is trying to go proof of stake. If instituti…
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This is such a simplistic view of “the little guy”. The dollar system is set up such that they have to ‘invest’ or else they will never be able to afford a house. Savings will bankrupt them. Stocks are meaningless, just handing your money to rich people that will never give it back in hopes that you can sell it for more later. But the whole system looks like it’s in free fall, so that doesn’t seem likely. Crypto woul…
> Crypto would have zero value if normal people weren’t scared and distrustful. That implies cryptocurrencies provide no value by themselves and is simply false. Ethereum is essentially a distributed virtual machine that anyone can pay to use. Monero offers complete financial privacy.
...that is unbelievably slow, limited, difficult to use, and makes it impossible to fix bugs.
It's absolutely fascinating in principle, yes. But in practice it's a solution in search of a problem.