RexetBlell

7 ms·

1.
by RexetBlell 6y ago
Augur 2.0 is coming out this month and it solves many of the problems of the original one.
2.
by RexetBlell 6y ago
Scaling and transaction cost have been solved using ZK-rollups. Transactions cost less than a cent and take less than a second. 2000 transactions per second throughput. A lot has changed in the last 2 years.
3.
by RexetBlell 6y ago
Ethereum is scalable already. Layer 2 solutions like https://zksync.io/ and https://loopring.org/#/ are already live and allow 2000 transactions per second. This is based on ZK-rollups and provides the
4.
by RexetBlell 6y ago
Layer 1 is expensive. There are other really cool projects that get the same level of security as layer 1, but are much faster and cheaper. For example https://zksync.io/ allows payments that take less than a second and cos
5.
by RexetBlell 6y ago
There were no ICOs in the last 2 years. The community moved on from that. Decentralized non custodial exchange usage is growing, like https://loopring.org/ that’s based on zero knowledge proofs cryptography and allows 2000
6.
by RexetBlell 6y ago
Why do people instantly jump to the extreme negative? Any technology can be used for to do bad things. The community is aware of this possibility and have taken precautions. Also any financial market can also be viewed as an assassination m
7.
by RexetBlell 6y ago
What are the consequences that you’re talking about?
8.
by RexetBlell 6y ago
I wasn’t talking about the price growing. I was talking the usage growing.
9.
by RexetBlell 6y ago
Yes, here’s a use case - an open, decentralized, neutral, borderless and censorship resistant prediction market like Augur.
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by RexetBlell 6y ago
Yes, and it’s growing fast. Look into DeFi https://defipulse.com/
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by RexetBlell 6y ago
If you want to know how the decentralized oracle problem is solved, scroll down to “dispute round” in this paper https://www.augur.net/whitepaper.pdf
12.
by RexetBlell 6y ago
Decentralized prediction markets also offer global liquidity, so the counterparty can be located anywhere on earth. Also the friction and fees should be much lower. If someone in Mongolia wants to bet a million dollars against someone in Co
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by RexetBlell 6y ago
A perfect killer example is globally accessible prediction markets. They always get shut down by governments. Isn’t it crazy that you currently can’t place a bet on a horse race or a presidential election in the US?
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by RexetBlell 7y ago
The fact that Ethereum Classic exists proves that Buterin has no control.
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by RexetBlell 7y ago
Ethereum is currently being used for decentralized finance. It's not vaporware at all: https://defipulse.com/
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Cheeze Wizards – By Fred Wilson(avc.com)
6 points by RexetBlell 7y ago|0 comments
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by RexetBlell 7y ago
Which is why privacy technology is being implemented in blockchains like ZCash, Monero and Ethereum.
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by RexetBlell 7y ago
Making it hard to change the rules is one of the value propositions of decentralized blockchains. Hard forks are pretty rare and when do happen, they are contentious the original chain survives (for example Ethereum Classic). Compare this t
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by RexetBlell 7y ago
Game items like weapons and shields in an RPG game. Imagine if there is a global database of such items and different game developers build different games around it. So you could use your items in different games. What centralized entity w
20.
by RexetBlell 8y ago
Completely agree.
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by RexetBlell 8y ago
Check out this podcast about the Zcash ceremony: https://www.wnycstudios.org/story/ceremony
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Bitcoin is 10 years old today. It was launched on Jan 3, 2009(theguardian.com)
3 points by RexetBlell 8y ago|0 comments
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by RexetBlell 8y ago
https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQs#so...
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by RexetBlell 8y ago
You are talking about the nothing at stake problem. It's address here: https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQs#wh...
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by RexetBlell 8y ago
Check out the Proof of Stake FAQ by the Ethereum team that addresses many of the concerns in this thread: https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQs
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Ethereum Proof of Stake FAQs(github.com)
64 points by RexetBlell 8y ago|11 comments
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by RexetBlell 8y ago
They minted 1,000,000 MKR tokens a few years ago and were selling small amounts every month to the public for the past few years. They have less than 500k tokens left right now. Why doesn't that count as an ICO? (btw, it's one of
28.
by RexetBlell 8y ago
You can read more here: https://www.coindesk.com/us-election-pushes-total-augur-bets... Augur allows anyone in the world to bet on different events. Augur cannot be shut down by the government (Unlike Intrade, which was shu
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1M USD bet on decentralized prediction market Augur on 2018 US elections(predictions.global)
3 points by RexetBlell 8y ago|1 comments
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by RexetBlell 8y ago
It actually does add value in this case. It makes it impossible for governments to shut the market down because it's decentralized (Unlike Intrade which was shut down). Also, anyone in the world can participate, even people with no acc

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