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Newsfeed for Crypto/DeFi Scams

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Re: Newsfeed for Crypto/DeFi Scams

#31

Post by exdsq »

edent wrote: post #23
fartcannon wrote: post #21

Earlier quoted context omitted.

To be fair to OP, your mind appears to be made up, and you can probably admit that, if youre honest with yourself, you don't earnestly look into the field much, right?

I'm cyrrently studying for a Certified Blockchain Professional exam - see https://shkspr.mobi/blog/tag/certified-blockchain-profession... My mind isn't made up. But I'm struggling to find use cases which fit the Blockchain model.

A third of GDP in Nepal is money sent by nationals working abroad and 1/4 of that is taken through high international banking fees. Use stable coins on a blockchain to get around those and you’ll see a 1/12 increase in GDP?

Phone credit based economies still exist in Africa. They have internet but no banking infrastructure. Using a blockchain allows people to create accounts and build a credit history as opposed to phone credit balances.

The Gates foundation mentioned a lot of pain points in direct giving was the fees taken along the way. Again, something that could be looked at with crypto.

Digital licenses - they aren’t transferable because the resale market doesn’t give returns to the creators. With NFT licenses you could trade them with fixed royalties going back to the creator.

Etc

Re: Newsfeed for Crypto/DeFi Scams

#32

Post by xwolfi »

exdsq wrote: post #29
xwolfi wrote: post #22

Earlier quoted context omitted.

You should work on actual problems, then not only will the technical challenges be interesting, but the result delivery and client satisfaction challenge will be too !! Don't you dream of doing work that people actually use ?

I donate a lot of money to charity (>10% a year) - that’s my way of having an impact. If I can make that money working on cool tech problems and without scamming people then I am very happy. If the tech also becomes useful then that’s awesome, that’s just added to the upside. If it doesn’t, well I’ve done a lot more good with my career than if I took a lower paying job to make some web app slightly more performant fo…

Dude if you weren't busy scamming them, that'd be one less source of adversarial financial risk and you may not have to throw some crumbs at them.

Charity is when the taxpayers failed :(

And I'm glad at least you helped people buy clothes, that sounds more rewarding than selling them debt and misery :) And I've sold personal loans, I know :D

Re: Newsfeed for Crypto/DeFi Scams

#33

Post by xwolfi »

exdsq wrote: post #26
xwolfi wrote: post #20

Earlier quoted context omitted.

Sorry milord, continue working earnestly a little bit more before we have to bow and kiss your golden moonshaped shoes. What do you guys work on all day long ? How to convert a DOGE to USDT to BTC then to a bored ape NFT looking to the right ? Hope you dont work at SafeMoon or other such "project" you guys call "crypto" because there's 1 hash function somewhere and one key elsewhere :p

> Sorry milord, continue working earnestly a little bit more before we have to bow and kiss your golden moonshaped shoes. You see, this is the issue I have. This is just twattish behaviour. > What do you guys work on all day long? Pretty interesting problems. In the last year or two I've worked with some of the founding designers of Haskell on compiler profiling. I've heard from Leslie Lamport on using TLA+ to formal…

> Pretty interesting problems. In the last year or two I've worked with some of the founding designers of Haskell on compiler profiling. I've heard from Leslie Lamport on using TLA+ to formally prove consensus algorithms. I profiled worst-case-performance of cloud infrastructure across the world. Stephen Wolfram and Vint Cerf gave internal talks to us at monthly learning sessions. I've written systems code in Rust, Haskell, Golang, F#, and multiple other 'cool' languages. I got to ask the guy who introduced monads to functional programming wtf is a monad? I spoke to SPJ about programming. Been taught property-based testing by the creator of QuickCheck. Etc... It's a really cool space if you like tech with some great minds in it.

Sounds a lot like university, what do you guys produce as a result ? Do you work at BlockOne, I hear a lot of such dilettante feedback where work is more about learning fun things at random without any specific purpose. I mean from compiler profiling to property testing, do you have time to focus on a tight deadline ? How many systems do you focus on, if you have to touch 4+ languages just to apply a change ? I hope at least it's not each end to end feature that requires all those languages -_-.

But at least, good you accept to work on all of them, problem where I work, where we do more classical Python/Java/C#/JS,is I have trouble to convince my colleagues just to touch a second one and de-specialize.

Re: Newsfeed for Crypto/DeFi Scams

#35

Post by pontifier »

exdsq wrote: post #12

Side note but I wish hacketnews wasn’t always so anti-crypto. Makes it a pretty depressing forum for those of us working in the space earnestly

I wish I could still feel good about crypto.

Perhaps you should look at why people become anti-crypto. Most of us have had bad experiences with it and have decided that the problems outweigh the benefits.

I still think it's an interesting experiment, but I won't invest another cent in it.

Re: Newsfeed for Crypto/DeFi Scams

#36

Post by anon9001 »

edent wrote: post #23
fartcannon wrote: post #21

Earlier quoted context omitted.

To be fair to OP, your mind appears to be made up, and you can probably admit that, if youre honest with yourself, you don't earnestly look into the field much, right?

I'm cyrrently studying for a Certified Blockchain Professional exam - see https://shkspr.mobi/blog/tag/certified-blockchain-profession... My mind isn't made up. But I'm struggling to find use cases which fit the Blockchain model.

Ok, I'll bite because you seem earnest.

One killer feature that doesn't get nearly enough hype is uptime. Check out these stats: https://www.buybitcoinworldwide.com/bitcoin-uptime/ The last incident to cause downtime for bitcoin was in 2013. Ethereum has never had downtime.

Another is speed. People like to talk about how slow web3 is, but even Ethereum is super fast compared to a traditional banking transfer. Traditional accounting isn't expected to be instant, so it has a lot of waiting periods and days-long SLAs.

Also trust. Not everyone can trust their local bank or local government. And even if they can, why should the default preference be to have a company with a spreadsheet tell me how many assets they have marked to my name? I'd rather have a decentralized ledger that doesn't require me to place my trust in an individual company or government.

You can't really build these features without some sort of "blockchain". You could try to put together a consortium of companies or individuals to run a shared database with consensus and vote about administration, having it backed by contracts that would be enforceable by world governments. That'd get you 95% of the way there, but it'd still be less good than a public blockchain run by volunteers that provides the same trustless features.

Re: Newsfeed for Crypto/DeFi Scams

#37

Post by inter_netuser »

exdsq wrote: post #26
xwolfi wrote: post #20

Earlier quoted context omitted.

Sorry milord, continue working earnestly a little bit more before we have to bow and kiss your golden moonshaped shoes. What do you guys work on all day long ? How to convert a DOGE to USDT to BTC then to a bored ape NFT looking to the right ? Hope you dont work at SafeMoon or other such "project" you guys call "crypto" because there's 1 hash function somewhere and one key elsewhere :p

> Sorry milord, continue working earnestly a little bit more before we have to bow and kiss your golden moonshaped shoes. You see, this is the issue I have. This is just twattish behaviour. > What do you guys work on all day long? Pretty interesting problems. In the last year or two I've worked with some of the founding designers of Haskell on compiler profiling. I've heard from Leslie Lamport on using TLA+ to formal…

Where do you work? seems exciting.

Re: Newsfeed for Crypto/DeFi Scams

#38

Post by edent »

anon9001 wrote: post #36
edent wrote: post #23

Earlier quoted context omitted.

I'm cyrrently studying for a Certified Blockchain Professional exam - see https://shkspr.mobi/blog/tag/certified-blockchain-profession... My mind isn't made up. But I'm struggling to find use cases which fit the Blockchain model.

Ok, I'll bite because you seem earnest. One killer feature that doesn't get nearly enough hype is uptime. Check out these stats: https://www.buybitcoinworldwide.com/bitcoin-uptime/ The last incident to cause downtime for bitcoin was in 2013. Ethereum has never had downtime. Another is speed. People like to talk about how slow web3 is, but even Ethereum is super fast compared to a traditional banking transfer. Traditi…

Speed? In the UK I can send money for free to any other UK bank account instantly. Not everywhere is as slow and expensive as the USA.

Uptime is legitimately amazing. But when you look at the computational speed - a Raspberry Pi on a UPS is probably more powerful.

Trust is great. How do you do a chargeback on a fraudulent transaction on Ethereum?

There are some amazing theoretical gains for Blockchain technology. I hope they become practical in the near future.

Re: Newsfeed for Crypto/DeFi Scams

#39

Post by edent »

exdsq wrote: post #31
edent wrote: post #23

Earlier quoted context omitted.

I'm cyrrently studying for a Certified Blockchain Professional exam - see https://shkspr.mobi/blog/tag/certified-blockchain-profession... My mind isn't made up. But I'm struggling to find use cases which fit the Blockchain model.

A third of GDP in Nepal is money sent by nationals working abroad and 1/4 of that is taken through high international banking fees. Use stable coins on a blockchain to get around those and you’ll see a 1/12 increase in GDP? Phone credit based economies still exist in Africa. They have internet but no banking infrastructure. Using a blockchain allows people to create accounts and build a credit history as opposed to p…

Are the "gas" fees and similar better or worse than international banking fees?

Re: Newsfeed for Crypto/DeFi Scams

#40

Post by exdsq »

xwolfi wrote: post #33
exdsq wrote: post #26

Earlier quoted context omitted.

> Sorry milord, continue working earnestly a little bit more before we have to bow and kiss your golden moonshaped shoes. You see, this is the issue I have. This is just twattish behaviour. > What do you guys work on all day long? Pretty interesting problems. In the last year or two I've worked with some of the founding designers of Haskell on compiler profiling. I've heard from Leslie Lamport on using TLA+ to formal…

> Pretty interesting problems. In the last year or two I've worked with some of the founding designers of Haskell on compiler profiling. I've heard from Leslie Lamport on using TLA+ to formally prove consensus algorithms. I profiled worst-case-performance of cloud infrastructure across the world. Stephen Wolfram and Vint Cerf gave internal talks to us at monthly learning sessions. I've written systems code in Rust, H…

I worked on the Cardano blockchain at IOHK, then worked on a financial exchange but that’s NDA’d, and now work for a decentralized exchange trying to think of consensus methods that avoid front running (so problems like generating random numbers that are both deterministic while also not being known in advance in a decentralized and distributed space). I used Haskell on Cardano, F# for profiling Windows stuff to find a file system performance issue, Go at the NDA’d thing, and Rust in my current role. Also python and typescript for bits; wrote a 1k bash script for one project lol.
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