161–170 of 515 posts
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It’s pretty simple to see. First result I found: https://moneytransfers.com/bank-transfers/sepa-transfers For example from Germany to Austria, sending 1200€, I see multiple providers with no fees for quick transfers.
I dont't see instant transfers on that page. It says "within 24 hours" and sometimes even "within a week".
You can also check https://www.europeanpaymentscouncil.eu/news-insights/videos/...
As far as I can tell, the only cryptocurrency that actually delivers on its name (i.e. being used as a currency) is Monero. Sure, it's all drugs and stolen credit cards, but it does undeniably solve a real world problem for its users instead of just being used as a vehicle for speculative investment. With that said, I think if anyone comes up with a "killer-app" for crypto, then it'll be on the Ethereum chain. They s…
This is exactly my use case (the former not later) with Monero and it's been amazing. Only marginally more difficult than to shop on amazon and feels a million times less sketchy than trying to find something locally. The speculative nature of crypto is therefore more of an annoyance as it causes the price to fluctuate too much between paying, shipping, and fund-release.
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5 cents per transaction is high for many parts of the world, and exceptionally high if every interaction in normal life is turned into a financial transaction.
What parts of the world? In non developed countries bank fees are actually higher than in the West. In Bosnia a most basic bank account costs about $3 per month, or 60 Ethereum transactions (most people usually have 10 - 20 transaction per month). For paying bills banks usually charge a commission fee of 1%. And if you want to send money to someone 50 kms away but across the border the fee is $20 with few days wait f…
Also I'd challenge 10-20 transactions per month. I think in many near cash-less societies it might be closer to 5 per day.
Key quote from the article: > Many have argued that the lack of large-scale applications for the past ten years proves that crypto is useless. I have always argued against this: pretty much every crypto application that is not financial speculation depends on low fees - and so while we have high fees, we should not be surprised that we mainly see financial speculation! > Now that we have blobs, this key constraint th…
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"the consensus mechanism used in," where "used in" is the key part. Not "developed for."
Hence my explicitly noting that Dr. Liskov continued this research and grew it in scope long after it had become clear that one of if not the primary application was clearly going to be tamper-resistant ledgers of financial transactions. It’s also why I gave the example of Dr. Wadler FRS FRSE as someone who even more explicitly did extremely sophisticated research well-received by the academic community unambiguously…
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Some days ago ICP showed it can run ML on a blockchain. While this is nice and does show that distributed computing is a real possibility I also don't think that anyone is going to switch from Amazon/Azure to ICP any time soon. But I must say the idea is really nice. It's very easy to develop Actor model based software and deploy it on ICP.
> ML on a blockchain I would actually love it if you had a link with more info on that. Don't take this the wrong way, but my first guess would be that that basically isn't true; either it's not actually machine learning (as is understood today) or it isn't actually a blockchain but rather normal distributed computing being "verified" via blockchain somehow? Would love to be proven wrong though.
A YT video about this: https://youtu.be/wk3FxuA5DKs
I am still very sceptical about this because it looks very slow, but it seems to work.
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Its main purpose is internet currency. The only serious uses surround that via smart contracts, like decentralized exchanges or provably fair gambling (unsavory as that is). Any time someone says "the currency aspect is separate from blockchain," I'd be wary, seeing how the entire point of blockchain is decentralization via proof of work or stake. NFTs can make sense in theory as an alternative to the already-popular…
NFTs make absolutely no sense for video games collectables. As it is, video game collectables work just fine, NFTs add nothing except cost and complexity.
As far as I can tell, the only cryptocurrency that actually delivers on its name (i.e. being used as a currency) is Monero. Sure, it's all drugs and stolen credit cards, but it does undeniably solve a real world problem for its users instead of just being used as a vehicle for speculative investment. With that said, I think if anyone comes up with a "killer-app" for crypto, then it'll be on the Ethereum chain. They s…
One of the things that made me less skeptical of Ethereum was that Vitalik has consistently argued based on his view of "Ether as digital oil to power the blockchain", which is to say that the point is not to just hodl, but to create a core technology that can enable different applications. I still think that we should not forget the "I need a censorship-proof way to send money to someone overseas" story, but mostly…
This has made you less skeptical of what he’s peddling? That slogan is a series of red flags in only eight words. He could be selling actual snake oil.
> Basically, Ethereum is no longer just a financial ecosystem. It's a full-stack replacement for large parts of "centralized tech", and even provides some things that centralized tech does not (eg. governance-related applications). And we need to build with this broader ecosystem in mind. I have respect for ethereum. It seems like one of the few cryptocurrency projects actually trying to push those ideas as far as th…
As far as I can tell, the only cryptocurrency that actually delivers on its name (i.e. being used as a currency) is Monero. Sure, it's all drugs and stolen credit cards, but it does undeniably solve a real world problem for its users instead of just being used as a vehicle for speculative investment. With that said, I think if anyone comes up with a "killer-app" for crypto, then it'll be on the Ethereum chain. They s…