681–690 of 886 posts
Earlier quoted context omitted.
What does her polyamory have to do with anything other than a thinly veiled attempt to slut shame a woman?
just a quote from wikipedia as a whole paragraph, you can verify it, did not think that much, no need to over react, everyone is so sensitive these days.
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You did not answer my earlier question, only latched on to a throwaway line at the end. Do you verify code of everything on a Blockchain you interact with, and maintain that everyone who interacts with the Blockchain should verify these "mathematical properties" themselves?
Yes, I do not hold assets in contracts which I have not personally verified. Yes, I strongly recommend everyone do the same. If it's a "yield vault" or an "LP pool" then you really truly should read every line of code and understand all the risks, because it is extremely likely that there is some catastrophic exploit, given the current near non-existent scaffolding regarding formal verification of smart contracts.
1. People only deposit their crypto on LP pools they can read and verify, on chains whose code they can read and verify. Since people with such technical know-how is very limited, there is not much liquidity in the "liquidity pools" and thus the DEXes are virtually unusable.
2. People deposit their money to DEXes without reading and verifying every single smart contracts and Blockchain code. DEXes have sufficient liquidity but the depositors sometimes wake up with all their money gone in the air.
If you are arriving at a third possibility, naturally you are making a different assumption than I made in the above two points. What are the assumptions that leads you there? I would really like to understand.
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Hardly anybody wants to self custody. It's the literal reason banks got started. If blockchain can't even solve the most basic use case of the financial system, it's not going to replace it.
I'm not claiming banks don't serve a good purpose. I'm not claiming anyone should hold all their net worth on a blockchain. But blockchains do have extremely desirable properties in preventing fraud _on the chain_. I would love to have mathematical proof that my government is not fraudulently misusing my tax dollars, at least at some level. Who wouldn't? I would love to hold some portion of my assets in a way that no…
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The bank has your consent, and brokerages and exchanges are not banks.
No, they don't have my consent. I'm forced to use banks because the government won't protect me from criminals if I shove cash under my mattresses. The banks don't offer an "opt-out" option when you register. Real consent means you offer "yes" and "no" and the other party says yes. It's effectively forced upon me.
Since everyone is making predictions, here's mine: He'll get a slap on the wrist, do some community service, and be free to go on a lecture circuit at state colleges across the land, donating some of his second wealth to charities of his design and choosing, in an act of humble penance that will sway the hearts of the people.
This is good for Crypto. Seriously. Because SBF is probably going to help the US make their case against Binance and that will flush out all the bad actors. Many coins will go to zero. The entire ecosystem will wither and die, but if Crypto survives it will be because there is some fundamental value to it besides digital beanie babies.
Earlier quoted context omitted.
Hardly anybody wants to self custody. It's the literal reason banks got started. If blockchain can't even solve the most basic use case of the financial system, it's not going to replace it.
I'm not claiming banks don't serve a good purpose. I'm not claiming anyone should hold all their net worth on a blockchain. But blockchains do have extremely desirable properties in preventing fraud _on the chain_. I would love to have mathematical proof that my government is not fraudulently misusing my tax dollars, at least at some level. Who wouldn't? I would love to hold some portion of my assets in a way that no…
Earlier quoted context omitted.
That’s equivalent to saying if a bank goes insolvent you should’ve had your money in a safe at home. For crypto yes you can have a hard wallet, but it can still be stolen from you without anyone physically touching your hard wallet. I don’t and won’t see the appeal for crypto until it has a killer app that people NEED to use for another reason than “I can get rich quick”
> that people NEED All the depositors have the extremely pressing NEED of not having all their deposits stolen from them. Blockchains mathematically prevent fraudulent misuse of deposits. People aren't mad about SBF taking a wrench to their head. They're mad about SBF defrauding them. Could not have happened on a blockchain.
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She was spotted in NYC with another Alameda employee too. Maybe the Alameda execs are trying to say they just made irresponsible gambles (like a shitty Wall St investor) but SBF is the one who secretly covered the massive losses with FTX customer assets without telling the public and was responsible for the "dual accounting" issue where deposits were counted twice. Among all the other things that they did wrong. Or m…
> Maybe the Alameda execs are trying to say they just made irresponsible gambles (like a shitty Wall St investor) but SBF is the one who secretly covered the massive losses with FTX customer assets without telling the public and was responsible for the "dual accounting" issue where deposits were counted twice. Among all the other things that they did wrong. Here’s the crazy thing. Maybe they pierce the veil and say t…
For all the struggles facing the democratic world, it's nice to know there is a stream of justice that prevails. In certain other large counties, this man would either be protected or jailed depending on what party he aligns to. Sure, you can say the same for USA, but with far less immediacy. Over time things tend to sort themselves out.
Tell that to Assange.
Compare that to being vanished, and/or having your family roped in.