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whoisninja

web3 is BS

everything runs on centralized servers, where are the peers in these p2p networks?

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I'm one, with a node running within arm's reach from me; so make that two I guess

congrats for being one of the minority 20% residential nodes

btw is it archival node or what?

It's currently a standard Geth node due to storage limitations (a 1 TB disk for both Geth and Lighthouse). I'll bump the storage up next year to 2 TB (or more), so I can run an erigon archive node and thus won't need to prune geth regularly either.

are you aware of issues around MEV? and how it will centralize further with proof of stake and with staking derivatives?

I'm aware, but I don't know if there are any clear-cut solutions. I'm honestly not too knowledgeable on the issues surrounding MEV in the first place, beyond the obvious issues with censorship and the power large node operators wield. Block proposer/builder separation is one step, but it obviously doesn't help with the fundamental issues surrounding MEV [1].

[1] https://ethresear.ch/t/proposer-block-builder-separation-fri...

e: a letter + source

ya it's a rube goldberg machine

Thank you for the intellectually stimulating response

one is running next to me (geth + lighthouse)

Pretty bold claim with 0 evidence.

what's this then : https://www.ethernodes.org/network-types

0 evidence? I think you mean endlessly endlessly evidence for fake decentralisation

https://twitter.com/dydxprotocol/status/1468293558360805381

Here is a "decentralised" exchange going down with aws

dYdX is a layer-2 zk-rollup-based exchange that is definitely not decentralized in the sense that e.g. Uniswap is on layer-1. It still, however, inherits the security guarantees of L1 despite not being directly intractable with from L1.

I already know they aren't decentralised

And yet they claim right on the front page "Decentralized"

Also L1 exchanges on Ethereum are arguably not decentralised. They delegate power to miners as a shortcut

even your L1 is 70% hosted nodes , why not just run an api on a trusted company's servers that verifies your balances using pub/priv keys and signatures

you guys are up for rude awakening when this rube goldberg machine bricks

its been over a decade now.

would like to point out that HN was also saying BTC was over valued at $1k.

Didn't listen to you guys then, not going to now either.

What does this have to do with bitcoin? Their claims don't relate to bitcoin

exactly

Bitcoin is decentralized, 13,000 nodes - mostly residiential nodes, not hosted.

You're assuming too much.

Please make the effort to understand the difference between frontend and backend.

The nice thing about the decentralised exchanges such as Uniswap or -dydx- is that you do not need their websites/ frontends because their smart contracts/ backend is available on the blockchain. Anybody can make a website that interacts with any smart contracts on the blockchain. There are even aggregator websites (e.g. https://app.defisaver.com/).

Do you know any website that aggregates the services of any TradFi banks and brokers?

Edit: Actually dydx is layer 2 now: https://dydx.exchange/blog/layer-1-wind-down

Nice condescending tone you got going

Backend/frontend? I thought this was a decentralized network. There should just be users with nodes. Backends point to clear points of failure from a disingenuous misleading project

If you made even a passing attempt at understanding this space you would see how wrong you are.

Anyone can interact with a contract directly, you don't need any FE or BE at all.

I can't speak to the specifics of dydx since I am not a user and haven't done my due diligence on them, but with every other dex I have ever interacted with it is entirely possible to use their service entirely from the contract interface.

Its usually the first thing I do to ensure that I can access my funds without any external dependencies.

How can I make a passing attempt to understand the space when I've already been teaching decentralised tech for 6 years

Then as an educator you are doing your students a disservice and allowing your personal bias to impact their future.

You are just contradicting the parents comments while trying to claim they aren't being misleading. The exchange when down with aws and they were lying about being decentralised to sell tokens

Pretty bold counter claim with 0 evidence.

Uniswap, ApeSwap, PancakeSwap, SushiSwap, AAVE, Compound, Relay, and many many more.

Check out dappradar for a more exhaustive list of the literal thousands of decentralized finance projects that are currently live.

You can interact with any of these directly from the contract interface itself.

where is the code being executed ? hosted nodes or real peers in a "p2p" network?

why does it hard fork so much and make prior clients incompatible? why do they have a monetary policy? isn't that what fiat currency is?

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