Much of the hatred toward other blockchains and crypto projects just comes across as fundamental insecurity about Bitcoin itself. I don't need to shit on other projects in order to feel secure about Bitcoin's power, potency, and future.
Whoops! $BSV has experienced yet another reorg, this time 6 (six!) consecutive blocks were orphaned (#578640–578645), this chain included a 128 MB block #578644 🤦♂️ The network was basically stuck for 1.5 hours, and this shows that even 6 confirmations are not enough 🤷♂️
CZ says it's because Binance actually doesn't repurchase BNB and simply reduces the supply by burning BNB. And the profit language was removed because some regions tend to associate profits with securities.
2018 has been an absolutely brutal year for Coinbase. In mid-2018, they had projected $1.3 billion of revenue for 2018, which means they generated 60% less than they originally projected. Yikes. IPO prospects looking really bleak now
We can actually compare this to Binance quite nicely. In 2018, Binance generated $446 million in profits. Coinbase generated approximately $220 million in 2018, which almost exactly twice less than Binance
This also speaks volumes about the state of our industry. There's more capital gushing around than there are investable products (and there probably will be for many more years) - so the few products with any fundamental value are incredibly crowded and hence also uninvestable.
Indeed, Bitcoin maximalism stems from deep-seated insecurities about the underlying, unscalable tech.
Adults can calmly respond to criticisms. Maximalists' signature move is to freak out, brigade, and try to shout down all perceived naysayers, which betrays their insecurity. twitter.com/ErikVoorhees/s…
Ricardian contracts are about communicating to the user what the code will do in plain English. In most cases they should not be about adding extra unenforceable legal terms. Secure wallets should display this description before you sign or else apps can scam you. #eosio
There are very few Asian American CEO's in tech going this big to IPO. Congratulations @ericsyuan! You and @kmlake of @stitchfix are breaking the proverbial bamboo ceiling. I'm rooting for @t_xu of @DoorDash to be next! twitter.com/alexrkonrad/st…
One way to frame the problem here is as an extension of the categorical imperative. Everyone is rationally incented to fund their own private gain. But no one wants to be the sucker funding the commons; unless (nearly) everyone else is. 🖖
And finally, here we are at Block Rewards Funding. Think this thread is long? I’ve spent 2 years thinking about this hard problem, and the reason why I keep coming back to BR funding is that none of the above have reached a scale that they’re accomplishing our goals. ☹️
- ERC 1789 (my original proposal) is now closed.
- In May Istanbul EIPS are due.
- In the Fall, the Istanbul HF will happen.
- In the meantime, we’ll be doing research on DAOs/Legal Entities/Signalling Mechanisms
Before I wrap I want to zoom out and remind everyone how high the stakes are. We are in the middle of a historic battle for the right for an open internet. From the FSF, to Linux vs MSFT, to Bitcoin + Ethereum vs the legacy financial system, we are seeing history here. 👇
@ErikVoorhees @CryptoBacon @kyletorpey @Karalhoin @Dieter75 @QAcrypto @mj4m1n @rogerkver @binance @ShapeShift_io @cz_binance This is utter bullshit. Open source licenses and trademarks are orthogonal. Try forking Linux and naming it Linux Extra. Or Android and naming it Android Max.