buying a stock on web2 vs web3 gives interesting properties because of ownership.
for ex: take an instant USD loan on your stock, since you are the owner only your authority(signature) is needed. In web2 world you go through middlemen.
96 karma · joined August 6, 2020
for ex: take an instant USD loan on your stock, since you are the owner only your authority(signature) is needed. In web2 world you go through middlemen.
nouns.wtf
or showcase my collection on gallery.so?
also some of the popular NFTs these days are cc0 licensed, so they do in fact encourage copies! I hope the trend continues.
cc0 nft - nouns.wtf
Infura can't fake your can't fake your cryptographic signature. Worst case, they censor txs from your address at which point you can run your own node.
1. Decentralized exchanges: Uniswap.org, projectserum.com.
2. Stablecoins, especially USDC. I get paid for my consulting in USD from US to India with a tx fee of $0.00025 on Solana. I'm saving a lot compared to using PP/Payoneer.
3. Supporting artists I love with NFT on foundation/ opensea/magic eden(for some reason I never did this before although there are web2 sites for it).
4. Generate yield on your stable coins. I wont mention apps here since they are new and have some smart contract risks to it, DYOR.
5. Creator monetisation using unlock-protocol.com and mirror.xyz.
6. Play to earn models in games(Axie infinity and Aurory).
7. Internet native experiments on inclusive sybil resistant identities(proofofhumanity.id)
8. Crypto powered infrastructure networks (helium.com)
9. Inflation resistant currency/Digital gold(Bitcoin & lightning network).
10. Censorship resistant social media.
Next.js, Vercel + API functions, DigitalOcean postgres with Prisma.
The biggest dev bottleneck for me was styling & css(mostly because I put away learning it!), tailwind ui components have been a big saver.
recent NFT projects like Nouns[1] and many others have taken this approach!
"Legitimacy is a pattern of higher-order acceptance. An outcome in some social context is legitimate if the people in that social context broadly accept and play their part in enacting that outcome, and each individual person does so because they expect everyone else to do the same."
That's why decentralized stable coins like DAI and others exist :)
The USDT will be burned and the USD released to the rightful owner after law/legal approval -- https://twitter.com/paoloardoino/status/1425188386034311168
Not necessarily. Permissionless access, composability and public data are still useful which is not possible in regulated environments.
Agreed, most people looking to understand the psyche would be better off reading literature / art.
2) ETH will be more secure than Solana! Solana requires both higher bandwidth and a beefy machine[1] to run a validator node. https://solanabeach.io/validators
3) Polygon is both less scalable & controlled by a multi-sig(less decentralized) which is also similar to BSC. Polygon is based on EVM, Solana is BPF/Rust based with some unique set of optimizations like Sealevel[2] which enables parallel processing.
[1] https://docs.solana.com/running-validator/validator-reqs
[2] https://medium.com/solana-labs/sealevel-parallel-processing-...
Off the top of my head, data from 2 years back(things might have changed now). Bitmain, one of the top 3 mining pools, 90% of their revenue was from ASIC sales rather than mining.
As long as Bitmain has competitors, they should always be able to put out the best ASIC's to the public.
I think the author is only demonstrating PoW/PoS and not Bitcoin itself.
> Other students are paying in bricks?
This is the transaction fees.
> Is there a limit to the number of names on bricks?
Not necessary.
> And is there any indication that a name on a brick means anything (or can be exchanged for anything)?
Pride, having taken part in building the biggest building.
> Can those names be verified at any instant, anywhere in the world with near 100% confidence?
This is only about PoW/PoS, not decentralisation. Ofcourse, PoW/PoS is meaningless if participants are not able to validate.
So, in the end it's all about the pride in being able be a part of the tallest set of bricks, hah!
Inaccurate analogy. Miners are more limited by cheap electricity/cooling than CPU which is more generally available.
https://medium.com/@hasufly/bitcoin-and-the-promise-of-indep...
BTC has some superior properties:
1. Censorship resistance / Self custody
2. Reasonably cheap to transact large value across space.
3. Network effects
Also, gold like bitcoin have a huge monetary premium so the same argument applies.