111–120 of 144 posts
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Private, self sovereign money for the internet. I think that’s a use case.
Is it really private when all transactions are recorded forever and publicly visible, and one needs to pass through an on/off-ramp which follows KYC regulations anyway?
I’m not here to shill. But defi and private digital money have value.
Increasingly so when you look at government incompetence globally.
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Hey, I have a few serious questions, as I have really been trying to understand the benefits of using blockchain over "classic" stuff. They may sound like I'm questioning things, and that's because I am but with the goal to further my understanding. > Lag of up to 24 hours is ok So you could use any eventually consistent DB? Or a pub-sub type queue that you process at your leisure? > and the relatively small number o…
It will never be as quick to loop through a giant blockchain to generate a dataset and then do something with it as it is to run queries in a highly optimized database that mirrors the end result of looping through that ledger. Blockchains are kind of like git and you need to move through each commit before you can get a snapshot of the current data.
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AFAIK Indian telecoms are using blockchain tech to maintain a distributed database of do-not-call numbers. Lag of up to 24 hours is ok and the relatively small number of parties is quite trustworthy. Basically they just use the bc for consensus and mirror it to a rdbms for read queries. That’s the only bc implementation I know that is both in production and is not speculation- or crime-fed.
Blockchain in the sense of proof-of-work mining? A Merkle tree might make sense, signed updates might make sense, but I don't see that mining adds value in that use case.
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She got an exit visa to the USA, yet had to smuggle rubbles? Something doesn’t add up.
At the time all cash found on you would be taken from you at the airport. What is there to add up? It was their way of sticking it to people for "abandoning" the country.
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It’s not a question of anecdata, but statistics. I’m sorry for your loss, but you can’t argue there’re many-many people who regret USSR is no more. Just look at the polls.
Here's the thing. I don't care about their opinion. The USSR was evil. Collaborators get no sympathy from me. They could be the majority and I'd still want to overthrow that system of government. It's anti freedom.
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The problem with statist thinking like this is that it never ever takes into account what happens when the state fails. This is a typical way of looking at the world from people who were lucky enough to grow up in a society that sort of works, unfortunately not the norm for a large fraction of the human race. I suspect that - had you lived under German occupation in 39-45 - you would have a very different take on thi…
If your state fails you have much, much bigger problems than your hard currency. So much so, that your hard currency is kind of a rounding error in this situation. If the state loses its monopoly on violence, well, someone can just beat you until you're dead or you give up your private keys. Either one should be fine. I don't optimize my life for some hypothetical dystopian failed state situation in any other aspect…
I've met quite a lot of people invested in crypto around here (seems to be quite a big fad for a few years now) and only one had proper understanding of the technical aspects and believed in the technology itself to solve other problems that aren't just finance scams. One from a pool of 100+ people that I had conversations about crypto in the past 4 years.
Nowadays I simply avoid any chat around crypto in real-life, the signal-to-noise ratio is so damn low that it's impossible to have a good, intellectual conversation around it, it's a rotten subject.
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"It's the human factors surrounding all of it that make it so fucking tiresome thread after thread." But that is also what makes it so interesting. Nobody forces people to use and assign value to Bitcoin. It all happens only because people want it. No government mandates, nothing.
Very similar energy to homeopathy/chiropracty.
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You will probably consider these as "financial schemes", but having worked in finance for many years my impression is there are a number of problems in financial infrastructure that are extremely annoying and costly at the moment which could be much better addressed with blockchain based solutions. Blockchain is not the only way you could solve them, it just has the potential to be much better. One example: Trade rec…
So how does the chain verify ownership of the non-chain assets that are being traded? Or does this not actually validate the transaction directly? Is this just about creating a trustless arbiter for market prices or something along those lines?
What's being traded in a swap are just cashflows. An example of a swap would be for the next 5 years every month I pay you 4% interest on 1m USD and you pay me 3 month USD Libor + 250bps (interest on 1m USD). The facts that we need to agree are all of those things plus a couple of others that are a bit more technical but are important to make sure everything calculates correctly (various dates, the calendar basis to pro rate the payments correctly etc).