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Joined 3 years ago
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Cake day: May 3rd, 2021

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  • Idc about the value of Ether itself. If it maintains a healthy valuation in real world terms, that’s all that is needed to secure Ethereum. I don’t need to trust validators to know they are doing their job, that’s how the system is designed. Validators should make sure that state integrity is preserved and that’s about it. If they don’t, their stake gets reduced and can even go to zero. This is exactly what it means to be trustless. The valuation of Ether is only relevant to the point that it retains enough value that attacking the network becomes prohibitively expensive.

    Market manipulation is a function of people and non-transparent dealings. If anything, fully onchain finance would allow information asymmetry to be reduced so that regular people can beware of such frauds.

    Are there con artists? Of course. Why would that make me not try to build a better system than “regulated finance” which is the same, if not worse, deal but where I am not allowed to participate by regulators who act as gatekeepers.

    Ether by itself is useless, its value is determined by how much demand blockspace on Ethereum has. This is a better system than my government imposing capital controls and taxing the shit out of me without even giving me a good bus to ride on to work.

    Anyway, like it was said, if you don’t get it, it’s not really my job to convince you, but I hope you don’t go around spreading misinformation like you are doing right now.







  • You don’t really need Lemmy to change anything. Just have the user fill in a wallet field in their profile and Lemmy to have their own wallet address. Now, you can tip a user and have some of that go to Lemmy as well by specifying the ratio in the contract or even having it being customisable by the donor.