164 karma · joined June 19, 2018
1)centralized and has all these centralization risks (USDT had frozen 360M on ether alone),
2) crypto-overcallaterized that has less centralization risks but limits in stability.
3) or something else, that usually doesn’t work (terraUSD)
I keep 99% on my money in crypto (plus I recently got pretty much excluded from banking system) so i have my money where my mouth is: DAI. I don’t like everything about it, like lots of USDC is collateral, or ineffective liquidation system, and for that reason I’m participating in StableUnitDAO to build far-better alternative (feel free to join us, i bet all my lifesavings on this project) but for sake of this argument it’s not good fiat vs bad crypto stablecoins. For lots of people it’s strictly opposite.
(using stablecoins and p2p on/off ramps)
Instead of this, pay fix price for software and 1 year of updates seems time more fair.
1) The fact that they ask to move Russians to other registrators, is just barely an inconvenience. It cost me 30 seconds to create a ticket in scrum and developers will move everything. But misjudgment by nationality is bad. Imagine if all Jewish customers will get such letters because Isreal/Palestinian war?
2) Catastrophic is this: instead of using millions of dollars from Russian customers to help to save Ukraine and lives - they steer away from this money to governmental control Russian registrators. In other words, their CEO Richard just send this million dollars to Putin instead of Ukraine. That will cost lives.
Please help to stop the war, not to fuel it!
My point is that no amount of tax money would fix problem of irrational spending of it (if you measure rationally from whole humanity benefit vs few elites).
1) how to solder,
2) how how charge and use lipo batteries,
3) how antennas work, polarisation, connectors etc,
4) what all these buzzwords in betaflight means
5) binding, expressLRS setting,
6) 3d printing protection parts,
7) even there are different connectors standards!,
etc so it's whole umbrella of little hobbies that comes with it. At least for me it's lots of fun, because it takes a few hours of learning time and you get working result. But it's not for everyone for sure. Drastic different with PnP experience of DJI drones.
may I ask where can I buy Pi Zero for 5 dollars? Even on Aliexpress (perhaps I wrongly assume it's the cheapest place to buy) there options start from $15 and up https://www.aliexpress.com/wholesale?catId=0&initiative_id=S...
I'm not trying to invalidate your argument in any way, just genuinely curious. Also, does anyone know the actual production cost of such device?
I've spent several hundred hours playing this game and I think this game should be treated as an addictive drug. I know it's my own psychological problems but there's whole Reddit thread about how it ruined people's plans etc and wasted hundreds of hours of their lives. In contract, real "prohibited" substances like LSD, MDMA didn't make any negative impact on my life nor addiction. How is that?
I feel like all these additive games (especially one which uses psychological tricks like Skinner box) are some equivalent of brain exploits and should be treated with great caution. Maybe labeled somehow and have a reference where all these "exploits" and risk properly explained. Can anyone explain what tricks it uses to become so addictive?
The main assumption that stablecoin with collateral/reserve has two values:
1) "redeemability value", i.e. the token without demand is worth $1 because you can redeem it for $1 of another asset with demand such as ETH.
2) network/native value: more people use the coin, higher the value. In the same manner as Dogecoin worth anything at all, like Metcalfe's law but for cryptocurrency. With an empirical estimation of growth asymptotic higher than NlogN.
The important part here that as the system grows bigger 1) grows linear but 2) grows to faster than linear which means there are some sizes of then system when 2) > 1). This practically means that you can back part of stablecoin with less liquid assets because they won't be used often (if all). It's one way to explain why USDT can function even with partially collateralized.
The problem with all of this, that one thing is to have system design (I'm convinced that there are many different decentralized stablecoin systems that can work) and another to build a working project with user adoption. I've spoken with many people at MakerDAO and they all know about the limitations/imperfection of the system. For oracles, they chose that expensive design because it was an "engineering approach which just works security". And as we see right now at stablecoins market cap, they were right to do so.