lui8906

6 ms·

1.
by lui8906 4y ago
- I can send someone 1 million USDC for 0.000001 US cent with confirmation in <1 second. - I can send any twitter user address money by tweeting (eg. Send 100 USDC to @randomuser) Couple examples that have come up recently for me person
2.
by lui8906 4y ago
Name one Crypto chain that takes hours to confirm a transaction. Bitcoin has a blocktime of 10 minutes and Ethereum is 10 to 20 seconds. More modern networks process transactions in orders of magnitude less time, eg. Solana has a slot time
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by lui8906 4y ago
It's almost like it's not all a scam isn't it?
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by lui8906 4y ago
Seems kinda obvious. New Tether is issued because people typically want to onboard into crypto assets.
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by lui8906 4y ago
DCA has positives and negatives. Positive, you are averaging out the risk by spreading out your purchases and averaging into your position. Negative, time in the market beats timing the market, therefore you are better to have all your mone
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by lui8906 4y ago
> I want my transactions to be private to the world but it's reasonable that law enforcement has a method to investigate criminal behavior. If law enforcement has a method to investigate your behavior, its not private. You want to h
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by lui8906 4y ago
> None of these are experiments with the concept of money. You still transact in the exact same fundamental way as with traditional online payments, just 1000x worse. How involved are you in the space to make this claim? Are you staying
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by lui8906 4y ago
Putting my bias at the front, I own crypto and am "pro" crypto if we can boil it down simply. I'm also deeply skeptical of a lot of projects in crypto, most OG's are because there is a lot of vaporware and scams and ponz
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by lui8906 4y ago
> Okay, provide some evidence for that claim. Because again, that's the claim of "Well crypto is doing amazing things" but it needs actual evidence. I know it theoretically could happen if you ignore all the glaring proble
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by lui8906 4y ago
Who wrote something else? Not sure if you're referring to another comment or I'm being strawmanned? :)
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by lui8906 4y ago
> What's the alternative? Someone commits a felony, and then you...? The US is the OECD country with the highest per capita % of incarcerated individuals. By orders of magnitude. So it seems other countries have found other approach
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by lui8906 5y ago
Is there a noobie friendly resource for following the latest news on fusion? Thinking something like Risky Biz (for IT security) but for fusion?
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by lui8906 5y ago
> Either violation of a nation's sovereignty is a crime or it isn't. If being an authoritariann dictatorship is the criteria when is Saudi Arabia getting invaded? Ah but here you are changing the goalposts, the OP never said it
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by lui8906 5y ago
Uniswap V3 uses NFTs to represent liquidity provider positions. > https://uniswap.org/blog/launch-uniswap-v3
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by lui8906 5y ago
I can resonate with this. What I remind myself when I have these thoughts is: A) Life is like an evolving game with many rounds. Some doors close in your 20s, other doors open in 30s and so on. See what interests you outside and off the scr
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by lui8906 5y ago
Crypto offers stable coins (USD, EUR, KRC etc.) and non stable, volatile assets (BTC, ETH, SOL). The original poster complained about: A) Crypto being too volatile B) Crypto recreating existing finance Which seems to be a contradiction.
17.
by lui8906 5y ago
> This won't be fixed by web3, ad monetization and tracking won't magically stop. They exist because there is a demand. Saying it is this way because this is the way people want it strikes me as a bit fatalist. Is it this way b
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by lui8906 5y ago
> I think he was commenting on other’s misinterpretation and misapplication of the original point. He is dead-on. Other's *Imagined misinterpretation, or is there some evidence to go on? To my knowledge, the recent push back against
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by lui8906 5y ago
> So I would, if anything, reverse the maxim: “Buy things, not experiences!” Sure, the Lambo might still be a waste of money, but thoughtfully chosen material goods can enable new activities can enrich your life, extend your capabilitie
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by lui8906 5y ago
And users are able to buy and sell the items from each other? Does Steam take a cut?
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by lui8906 5y ago
> https://mmos.com/news/ubisoft-deleted-account-with-hundreds-... "Trust us, your items are safe with us!" > the only difference (which doesn't really add any utility to games) is the idea of this
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by lui8906 5y ago
Perhaps you're not playing modern games where skins and cosmetics already go for a lot of money. Games like Call of Duty, Apex Legends etc.. Cosmetics in these games have a rarity rating and single items can go for hundreds of dollars.
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by lui8906 5y ago
You have a credibly neutral place to store the items, publicly accessible to any other developer to leverage without having to maintain you're own endpoints and documentation. Baked in royalties. Sounds... much easier than the convolut
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by lui8906 5y ago
Look to their diplomatic behavior around the South China Sea for the last couple of decades.
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by lui8906 5y ago
> If you live somewhere where cryptocurrency gains are taxed as income, how do you handle the reporting of this at tax time? It seems like it would be tedious to keep track of every transaction across multiple defi platforms. It's s
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by lui8906 5y ago
> Yield is meaningless without knowing risk. What is the expected default rate under adverse economic conditions? Are borrower credit ratings available from independent sources? What is the counterparty risk for the lending aggregators a
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by lui8906 5y ago
It's Ethereum, and this is really not an issue, AMM's that allow swapping between permissionless pools have token lists you can use. The person raising the money can also provide an ID used to identify the pool where the users can
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by lui8906 5y ago
> As a crypto skeptic, which I think is not fairly categorized as "hater," I think you're painting this in far too black and white terms.[1] "The current financial system is not great" and "cryptocurrency is
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by lui8906 5y ago
Is there any other unreasonable use of energy consumption than proof of work? Solana (using proof of stake) uses similar energy as hosting a website. If this tiny energy usage is also problematic then we would need to start also shaming peo
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by lui8906 5y ago
Your argument is completely valid against Ethereum and Bitcoin, I hope they will be used less to reduce the energy used by crypto. However the vast majority of others use Proof of Stake and a fraction of the energy. Take Solana, currently t

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