15 karma · joined June 22, 2019
I'm curious to know where Safari stands in that regard: how much and how often does it "call home"?
Oh, and also : how much of it is Open Source? In my experience, Apple is particularly good at OpenSourcing lots of pieces while keeping the juicy bits proprietary. Can Safari be 100% rebuilt from source?
What I mean by that is: for libra to actually be a stablecoin, for every libra unit in circulation, FB and their merry band of friends will need to stash a frozen combo of {dollar, euro, yen} somewhere.
That "somewhere" is actually not easy at all to design from a financial infrastructure point of view: any institution (other than central banks) who will actually store that stash will have to:
- be regularly audited by independent auditors
- be risk-free (and there is no such a thing) or the peg will drift.
Worse, these custodians of what is already essentially virtual money are going to be sitting on a huge pile of currency and to guarantee the peg, won't be allowed to do anything with it.I give it 6 months before that money is re-invested somewhere through some smart financial engineering.
https://gist.github.com/colindean/5239812
This was actually put together at the Bitcoin dawn of time by a bitcointalk user called grondilu.
Here's the original (circa 2010) thread:
I am fairly certain that very few people go and read the entire supposedly client-side JS code served by that site. It takes a very tiny bit of obfuscated JS to send 256 bit somewhere else.
[edit]: and when you generate a key pair that's going to potentially store multi kUSD in value, trusting anything that happens in a browser is - call me old fashioned - suicidal.
[edit] and come to think of it, I might be mistaken I don't think the notion of vector space and therefore the whole of linear algebra would work without a field for the underlying coordinates.
That people are actually still willing to do this in 2019 with BTC above 10K and ETH above 300 always surprises me, even if it's for a toy example like this article (as it might incite other less tech-savy people to believe it's ok to do something like that).