Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Ethereum Has Issues

blog.dshr.org

Post reply on HN
Print view View original

201–210 of 377 posts

Re: Ethereum Has Issues

#201

Post by michaelsbradley »

trompetenaccoun wrote: post #140
dmitriid wrote: post #134

Earlier quoted context omitted.

> I keep seeing this "eternal six months away" FUD, but no one wants to admit that it has literally just been postponed again https://twitter.com/TimBeiko/status/1514010098145759232

Postponed would mean the date was officially announced by one of the devs? I've not had time to pay attention much over the past months, but to me that June date was always a silly rumor. Correct me if I'm wrong. End of year is what I heard, but even that isn't set in stone of course and I wouldn't be surprised if it doesn't happen till then.

There will be a go/no-go decision on April 29 (two weeks from now) re: "doing the real thing in July".

See my previous comment above.

Re: Ethereum Has Issues

#202

Post by pattrn »

throwaway82652 wrote: post #118
thebean11 wrote: post #54

Earlier quoted context omitted.

I think there's at least some value that can potentially be created. The fact that you can take out a loan or buy insurance and your counterparty is a smart contract is pretty interesting. It could seriously bring down insurance margins if you no longer have drones of people administering policies. Obviously remains to be seen how practical it is.

>The fact that you can take out a loan or buy insurance and your counterparty is a smart contract is pretty interesting. No it isn't. I've been hearing this for years and I still haven't seen any reason anyone would actually want this, beyond the novelty factor. It's strictly worse than any other equivalent insurance or loan for a number of reasons, the worst one being that there's no human you can talk to when somet…

[deleted]

Re: Ethereum Has Issues

#203

Post by eachro »

I've always found it odd that basic arbitrage (ex: buy asset A on some exchange and sell it immediately on a different exchange and earn the delta as profit) and sandwich attacks (place a buy order before a whale places a big order and place a sell order immediately afterwards) were under the umbrella of MEV. These are trades that are possible in tradfi too. I suppose it's possible that arb trades and sandwich attacks are more of a concern here where miners can insert their own transactions into the mempool but I don't know if we actually see miners engaging in this behavior.

Re: Ethereum Has Issues

#204

Post by thefourthchime »

trompetenaccoun wrote: post #140
dmitriid wrote: post #134

Earlier quoted context omitted.

> I keep seeing this "eternal six months away" FUD, but no one wants to admit that it has literally just been postponed again https://twitter.com/TimBeiko/status/1514010098145759232

Postponed would mean the date was officially announced by one of the devs? I've not had time to pay attention much over the past months, but to me that June date was always a silly rumor. Correct me if I'm wrong. End of year is what I heard, but even that isn't set in stone of course and I wouldn't be surprised if it doesn't happen till then.

Wasn't the original PoS called Casper? IIRC that was like 3-6mo away 5 years ago.

Re: Ethereum Has Issues

#205

Post by quickthrower2 »

WJW wrote: post #117
itsoktocry wrote: post #78

Earlier quoted context omitted.

> It could seriously bring down insurance margins if you no longer have drones of people administering policies. Instead you might a bunch of people with zero actuarial experience gambling on policies. I agree, the concept is interesting, no regulation makes everything a crapshoot.

That seems like an insanely good opportunity for people with actual actuarial expertise to profit off any retail investors/gamblers in the market btw. That seems like a market that would professionalize extremely fast.

I wonder if anyone talking here has every made any kind of insurance claim?

Doing it with a smart contract is as feasible as dating a smart contract.

You can only really “insure” against globally agreed on data, for example the price of wheat. That is an options/futures market not insurance though.

Re: Ethereum Has Issues

#206

Post by uncletammy »

mxwsn wrote: post #145
rufusroflpunch wrote: post #92

This is not directly related to the content of the post but is about Ethereum. I have been putting this hypothesis out there on twitter for a while now, looking for someone to refute me, but no one has yet. This seems like a place where I might be able to find someone who understand Ethereum enough tell my grasp of the protocol is wrong (or right): Ethereum is going deflationary. Not disinflationary like Bitcoin, but…

Eth will hit a stable point of total supply, with both inflationary and deflationary mechanisms mentioned in other comments finding an equilibrium according to market forces. It won't deflate forever, so there won't be a centralization death spiral according to your logic.

There is no magic in the mechanism behind ETH's inflation/deflation. If an equilibrium is found, it will be because the appropriate levers are pulled until the desired ratio is reached.

It's also worth keeping in mind that the levers needed may not exist within the system. ETH is still a massively ambitious and risky experiment. Anyone who says otherwise is naive or trying to sell you something. That being said, ETH is absolutely the most interesting thing happening in both tech and finance. I hope it works out.

Re: Ethereum Has Issues

#207

Post by eldenwrong »

jqpabc123 wrote: post #195
eldenwrong wrote: post #187

Earlier quoted context omitted.

Sure but the feedback system works well enough to weed them out quite fast. When people get burned they learn, big papa gov regulations prevents learning. Darknet markets are the best example of self regulating markets. Its truly amazing and it doesn't get enough credit Of course most are run or acquired by intelligence agencies eventually....

Pure bovine excrement. Scammers can change their identity at will on the darknet.

Trustworthy vendors rely on their reputation. They usually value it a lot.

So what if they do? They have to start again from 0 (usually).Its also very easy to avoid them...

Re: Ethereum Has Issues

#208

Post by quickthrower2 »

RustyConsul wrote: post #131
WJW wrote: post #80

Earlier quoted context omitted.

> I still find it pretty mind blowing that an algorithm can loan me money. Algorithmic lending has been a thing for decades though. What do you think a credit score is for if not a tool to let computers decide whether to give you credit or not?

Credit is loaning you money and providing an interest rate. Usually something insane like 15%. DeFi is unlocking the value of an asset, making it liquid and allowing me to participate in other investment opportunities without an APR. One example is on Kaurura. I have KSM, Stake that KSM for a 19% APR Rate. Throw that LKSM into a vault and mint AUSD as long as i have 160% collatoral ratio. I can then use that aUSD i p…

I miss Ponzi, he really just took my money and dealt with the details for me. Now you say I have to do all this work?

Re: Ethereum Has Issues

#209

Post by quickthrower2 »

dabeeeenster wrote: post #159
RustyConsul wrote: post #131

Earlier quoted context omitted.

Credit is loaning you money and providing an interest rate. Usually something insane like 15%. DeFi is unlocking the value of an asset, making it liquid and allowing me to participate in other investment opportunities without an APR. One example is on Kaurura. I have KSM, Stake that KSM for a 19% APR Rate. Throw that LKSM into a vault and mint AUSD as long as i have 160% collatoral ratio. I can then use that aUSD i p…

"One example is on Kaurura. I have KSM, Stake that KSM for a 19% APR Rate. Throw that LKSM into a vault and mint AUSD as long as i have 160% collatoral ratio. I can then use that aUSD i printed, buy other assets and participate in liquidity pools, which are giving anywhere from 50% to 300% APR." I'm sorry, but this sounds ridiculous.

It sounds like someone at a horse track who has brought along his loan shark.

Re: Ethereum Has Issues

#210

Post by eldenwrong »

jqpabc123 wrote: post #193
eldenwrong wrote: post #165

Earlier quoted context omitted.

Darknet markets? Amazing quality, safety and customer support with literally 0 regulations. Sorry but thats a failed argument

Safety? Customer support? Really? What do you do if you're scammed on the darknet? Let me guess --- nothing because you can't identify who you're dealing with or where they are located.

Yes? The quality of products is millions of times higher than in the streets.

Everything gets continually tested by a lot of people. Entire forums dedicated to weed out bad sellers and identity good products ..

Yeah, sellers are usually super responsive and will normally fix any issue if you are polite and abide by the rules.

Ummm what exactly do you do if you are scammed in real life? Go to the police and file a complaint that will never go anywhere? Lol

Or you mean if in the real world you get scammed by a company? Can YOU really start a lawsuit? What amount of money are we talking about? 10k,100k, 1m?

Post reply on HN