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  1. This is a problem with Ethereum PoS because of slashing and the account system. Cardano does not suffer from these issues.

  2. The slashing feature will be an incentive to move stake off the exchanges in case a state will try to enforce censoring. That will enhance decentralization. Cardano lacking this incentive sounds like more of a problem.

  3. Yeah it will dump just like it didn't do with the beacon chain upgrade and the EIP1559 upgrade, member?

  4. You are having trouble with your terminology. Rollback means Polkadot is not immutable. Immutable and decentralized are two different things.

  5. An eventual rollback would be on Acala (a parachain) not on Polkadot.

  6. Sure, but the point still stands. Polkadot and it's parachains are not immutable.

  7. Polkadot? Again, some of the parachains may not be immutable. It is up to each specific parachain cummunity to decide about their own immutability. The immutability of Polkadot (the relay chain, and all DOTs) and/or other parachains is however still intact.

  8. Part of it is hype, but much of the rest is betting on reduced supply. The amount of Eth generated per day will be reduced by ~2/3, so selling pressure from mined Eth will be reduced. People are also betting that the power usage being reduced will bring in new demand from previously hesitant folks. So, in a nutshell, reduced supply and increased demand

  9. 7m a day removed while volume is at 14b. I don't think 0.05% less pressure will have any impact.

  10. Total trading volume (which in crypto is mostly just algoritmic back and forth trading) is very different from exit selling volume.

  11. Serious question : can’t Lido take staked ETH and mathematically split it up over 1000s of validators ?

  12. Lol, why haven't anybody yet answered that all validators in Ethereum "only" stake 32 ETH? So they already have to split the ETH over thousands of validators wether they want to do it or not. There are currently 411346 validators staking 13,162,960 ETH.

  13. Polkadot already shows the difference in their own documentation. Just make sure to read Ethereum documentation too to make sure you're not biased.

  14. Polkadot is a sharded blockchain. The parachains are the shards - hence parallel L1 chains (which is not "a bit like having L2s").

  15. Yes! anyone that says that it does is misinformed. Polkadot is not meant for smart contracts.

  16. Polkadot is a sharded (layer 0) blockchain. Ethereum 2.0 will also be a sharded blockchain in the future. To say that Polkadot (or future Eth 2.0) is not meant for smart contracts is ridiculously wrong.

  17. Cosmos IBC as it currently is, without shared security, is exactly the type of bridged protocol that Vitalik is critical of.

  18. It doesn't solve a problem per se but in DOT (and Cosmos) you have many blockchains that can talk to each other without the need for bridges.

  19. Cosmos IBC as it is currently, without shared security, is exactly the type of bridged system that Vitalik is critical of. Polkadot on the other hand is a sharded blockchain where all the shards (parachains) are secured by the same validator pool.

  20. In a multi-chain world, interoperability between chains will be a must. From the little I know about $DOT, interoperability will only exist between the DOT ecosystem. Vast majority of use cases will be outside of crypto and on to other DLTs and legacy systems. I just can’t see how a blockchain connecting other blockchains becomes a massive success (cross-chain). Crypto is just a small slice of what we call the meta verse or web3.0. But these are just thoughts!

  21. It's a misunderstanding that Polkadot is just some kind of an "interoperability protocol". It's a blockchain like any other blockchain, thus as isolated as any other independent blockchain today. The only difference is that Polkadot is built as a sharded blockchain, where the shards (which are parallelized blockchains) are called "parachains". Ethereum 2.0 will also be a sharded blockchain in a couple of years. Sharding is an on-chain scaling solution (unlike layer 2 solutions). But the shards/parachains in Polkadot are heterogeneous (meaning customizable) while all the shards in Ethereum 2.0 will be homogeneous.

  22. Satoshis last public message was actually on March 7, 2014. Satoshi returned to write a short message on a forum with his username/account stating "I am not Dorian Nakamoto" when public media stated that a 64-year old Japanese-American man named Dorian Nakamoto in California was Satoshi Nakamoto.

  23. That's not proven to be Satoshi. All these later messages were easily debunked and could have just come from spoofed emails. There was even one last month on P2P foundation forum which definitely was not Satoshi.

  24. There's only two later messages. And why do you assume someone spoofed his email?

  25. Funny this is being downvoted. If you don't believe the username behind the account is actually Satoshi (which was common knowledge at the time) then see this post from 2009 by the same user:

  26. It started to rally for many weeks after burning was introduced.

  27. Nothing in there says months between testnets. The current best guess is end of June, but July wouldn't be a surprise. You are just making things up.

  28. I'm using common sense. Goerli, Ropsten, Rinkeby won't be updated all at once. There will be waiting peroids and evaluation periods between. Especially before going on the merge the mainnet.

  29. You seem to believe that there are months between testnets. Where are you getting this information? I have heard it will probably be weeks.

  30. I didn't mean months between each public testnet (that would take over a year), rather months in total updating and merging the public testnets. Also add one month before this process will start, and then one month after the process of testing the public testnets ends (preparation time for the real thing). If all goes well, this would mean merging of mainnet can start earliest in November.

  31. Everything on track for the July / Sept merge!

  32. December/January. This is not the last testnet. After Kiln we'll be merging the public testnets (Rinkeby, Goerli etc) one after the other which will probably take another 6 months of testing.

  33. It's a publicity stunt. No one is going to except Polkadot as a means of payment. Transfer it into something desirable like USDT/USDC/Bitcoin. Don't make them try to find liquidity on some exchanges. They are at war, who wants to divert resources and time to that.

  34. They can convert DOT to fiat the exact same way they would be converting BTC into fiat.

  35. But this includes 500k eth rewards thus far, which are actually not staked right?

  36. What? How would that work? Are rewards locked on dot?? Because usually in pos systems the staking reward basicly is the Inflation. Which is logical since Inflation is nothing more but the amount of a currency added into circulation. Do they burn?

  37. Pretty easy. Not everyone is staking. Staking rewards (inflation) only goes to those who are staking. In Polkadot 40% of DOT is not being staked. Meaning 60% of the network participants share 100% of the rewards/inflation. So for the people that do stake, the rewards are higher than the actual inflation (at the expense of non-stakers). This is also true for Cardano (but they have 70% of coins staked).

  38. Well the people who are staked are the only ones that get something from the cake thats true. But no matter how its distributed --> 5% more of currency xy is still 5% more in TOTAL supply or do i get something wrong here?

  39. 5% more in total supply (inflation) is 5% more of currency xy for everyone only if everyone is staking.

  40. I have been following the ethereum’s development for so long, so I was angry when people said the merge was around the corner while I saw other things in the dev channels, now I can assure this is not the case, it’s literally the final step of the merge, they are currently deploying the hopefully last testnet:

  41. You seem to be forgetting that we will also need to fork one of the existing Ethereum (1.0) testnets before we fork the mainnet. Most likely Rinkeby.

  42. NFTs could let you buy shares of streaming royalties. Nas is letting fans do exactly that now:

  43. There will be regulations, sir. The SEC won't be left out.

  44. Just out of curiosity, what was it that the blockchain allowed you to do that the central database couldn't? I thought you could integrate a central database with anything.

  45. Basically what they wanted were smart sensors in the transport containers that would periodically send both GPS and moisture content metadata for each load during transit. This was for one leg of the transport of ore concentrate from the mine loading yard to the shipping yard. It was the logistics and finance guys who wanted the moisture info, it becomes critical as that measure is important when it comes to concentrate material handling (certain specs are required for transport systems and finally for smelters).

  46. Very interesting and thanks for the explanation. Still, a centralized blockchain is just a fancy form of a database. But don't you think there are situations where a third party costumer would be more comfortable if the metadata was being sent over and verifiable through a trustless ledger (ie decentralized blockchain) if they wanted access to similar information?

  47. As far as I know, in order to get interest on stable coins, those coins need to be put to work, lent somewhere else for profit etc.

  48. Kraken allows you to "stake" USD. Yes, real USD with 2% rewards. Not all countries are eligable though. See here:

  49. I will respond to your points. Lemme know what you think please. The reason I’m comparing DOT and Cosmos is because that’s what people usually bring up as a competitor to Cosmos but yeah I don’t think this comparison is necessary for the reasons you mentioned.

  50. The Electric Capital report I'm referring to is counting and comparing developers of ecosystems. So in the case of Cosmos, the numbers do include Terra.

  51. Interesting. The amounts are already pretty close IMO. But yeah good point, I just didn’t know DOT had so many devs

  52. Regarding security, Cosmos too is working on shared security. This is probably 1-2 years away. Last I checked the testnet wasn't deployed yet. This is a good blog post about their shared security plans:

  53. if this exists, with 0 fee, we can make eth transactions much more secure by confirmng messages

  54. It is free. Not sure how it can make eth transactions more secure though.

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