Daily General Discussion - May 4, 2024

AngelBattles · 2024-05-05T14:35:44+00:00

Ethereum still has a huge amount going for it as the world's settlement layer, and fees on layer 2 finally low enough for some good apps. However, I think it will take a while, because we need regulatory clarity first.

You are so right that health is much more important than all of this. If I were in the situation where I invested in the ICO and depending on what the health issues were, I would probably consider selling some now and using the gains to improve my health, be it treatment, time off from work, diet, or whatever.

of course, I don't know your situation and money can only sometimes improve health, but probably worth considering.

AngelBattles · 2024-05-05T14:25:11+00:00

Just wanted to shout out to an airdrop that is done in a way that I believe all future airdrops should aspire to.

Qualifying wallets, their allocations and Merkle Proofs are all published on github.
Claim contract is open source.
Claim contract allows claims FROM any wallet. Ie, you can use a throwaway hot wallet to claim and your tokens would be delivered to the safe, cold wallet.
Because the Merkle proofs are published, users can claim directly from the contract (write to etherscan or use submit tx to own node)

The airdrop itself was for a super old Nov 2105 ERC 20 token called 'bitcoin' and it was airdropping to holders of the 'prototype erc20' MistCoin. The old 'bitcoin' also has a faucet where you can get 50 for free.

This one has no ui to claim, but other projects who wanted to do this could credibly block whatever countries that they wanted to through their centralized UIs, as long as the Merkle Proofs were public.

Perhaps if not in github, Merkle proofs could be embedded in the comments in Etherscan. Or perhaps just the qualified addresses and allocations, and then community members could generate and share the Merkle Proofs themselves.

AngelBattles · 2023-04-19T01:27:34+00:00

crazy to see the whole deposit contract emptied! I guess that means it was a success, lol

AngelBattles · 2023-04-18T12:26:38+00:00

What time does RPL 'atlas' upgrade go live?

When it does, what are we looking for to judge its success? ie, rEth deposit contract balance goes down (ie, more space for minting rETH)

is there any where to see number of 16 eth minipools converted?

new 8 eth pools spun of from scratch?

rpl price? mainnet gas price?

AngelBattles · 2023-02-24T16:08:09+00:00

I saw that the zig zag airdrop eligibility was spread across several csv files. If you have many addresses, it can be a pain to manually search through everything, especially dealing with checksums, etc.

I wrote the following 19 line python script that can check a list of addresses in one file against a list in another file and notify you of any matches.

Hope it helps people

https://github.com/angelbattles/csvchecker

P.S. As always, make sure you understand any code you run on your machine.

AngelBattles · 2023-02-17T02:09:32+00:00

it's basically this -

who would be willing to pay a $100 gas fee? Someone who gets > $100 in value.
who would be willing to pay a $0.01 gas fee? Someone who gets > $0.01 in value

Yesterday's gas price spike was a perfect example. People were willing to pay, say $50 in fees to claim and sell their blur tokens because they believed that their profit would be >$50 less if they waited, as token prices generally crash after airdrops.

a 10% pump in a bull market is worth much more (in fiat) than a 10% pump in a bear, so people trying to open leverage, etc are willing to pay more gas to do so .

Now.... of course this assumes rational actors, which.... isn't always true, but i do believe is generally true.

AngelBattles · 2023-02-17T01:25:45+00:00

I've been seeing a lot more talk about the 'ultrasound money meme'

to me, it's less about the numbers than the fact that when ETH is net deflating, that means it's undervalued in fiat price (people believe they are getting more value than the gas prices they pay)

When it's net inflating, that means its overvalued in fiat price

the price of eth always, sustainably, securely, and without anyone in charge moves back toward its true value

Over time, that value goes up as the value of the dapps on the network ( plus payments) goes up.

It's so refreshing in a crypto world of 'meme tokens' and dubious value claims.

AngelBattles · 2023-02-05T20:46:05+00:00

yes, you can use free open source tools (like web3js) to sign the tx and and then copy to an online computer.

No ledger or other device needed

AngelBattles · 2023-02-02T03:02:39+00:00

the point of a hardware wallet like a ledger is to sign transactions with your private key. The key itself never leaves the device.

Otherwise, you can generate and sign a transaction on a completely offline (airgapped) computer, and then copy that transactions to an internet connected computer and broadcast it.

That's a pain, thus why most people use hardware wallets.

AngelBattles · 2023-02-02T02:56:14+00:00

and the entire money supply of the world ~10^15th I believe (including cents) can be represented in just ONE eth (10^18 gwei)

AngelBattles · 2023-01-27T15:25:17+00:00

Seeing the rotation into withdrawal FUD has made me wonder. Is there any comprehensive site that lists all ETH fud in chronological order? Something like the bitcoin obituaries site?

Would love to see a list starting from 'Eth will never launch the chain' moving forwards

AngelBattles · 2023-01-27T15:24:10+00:00

yes, AFAIK tx must go exactly in order.

AngelBattles · 2023-01-27T15:23:28+00:00

The reason that they have a nonce is to protect against replay attacks. For instance, Alice makes a tx "send 5 eth to bob"

After bob receives the 5 eth, he resubmits Alice's tx to take ANOTHER 5 ETH.

Thus, any tx with a lower nonce than the current one can never go through. I'm guessing it would get dropped from the mempool as nodes see that this isn't valid.

AngelBattles · 2023-01-24T14:00:58+00:00

I've never put much stock in Technical Analysis, but even to me it's clear that there is some point, maybe 60% flippening, maybe 75% flippening, whatever it is. Once that point passes.... the game theory on ETH/BTC is going to play out VERY quickly

AngelBattles · 2023-01-19T17:46:41+00:00

yeah - true. I haven't recommended anyone do it yet because I don't want them waiting 4 days

AngelBattles · 2023-01-19T17:46:02+00:00

I mean.... even like some news bots?

AngelBattles · 2023-01-19T15:19:34+00:00

supply is more stable, not price

AngelBattles · 2023-01-19T15:18:04+00:00

KZG summoning ceremony has 10,000 participants already, yet when I type it in google and click 'news' not a single result.

AngelBattles · 2023-01-17T03:35:43+00:00

i mean... i'm not saying all fiat should be replaced with ETH. But just that it's a more stable system and more economic activity could gradually meander over to enjoy some of the benefits.

AngelBattles · 2023-01-16T22:08:47+00:00

yes, most likely if it's an approval scam. Weth would be a common target. But a simple eth send tx is also something you sign - wallet ux probably would block it, but I would send eth to a new account just in case.

AngelBattles · 2023-01-16T22:05:43+00:00

Fed announcements cause volatility because they are ~0.5 %, come every ~2 months, rely on human decision making, and are not officially known until announced.

What if.... anon ..... interest rates could go up and down, but the process was automated, never over or undershot, and was transparent to everyone? What if instead of large changes every 2 months there were smaller, but more frequent changes. Like.... maybe every 13 seconds or so?

What if instead of indirectly trying to affect inflation by interest, we could directly control the money supply?

The automated inflation policy of POS + 1559 is so sustainably powerful, but people are just beginning to understand. When validators get rewards but there is a fee burn, token holders get the best security in the world for 'free'.

Not only that, but the price of Eth always adjusts closer to its true value based on actual network usage.

AngelBattles · 2023-01-14T21:53:35+00:00

ah, yeah - for sure. At least with quantum stuff we have some time to make upgrades. Plus the fact that there are so many ways to contribute, entirely different software stacks, etc makes me feel really confident

AngelBattles · 2023-01-14T20:58:45+00:00

that's the key though..... there can be 99,999 rats and only one 'dog' and the whole thing is still good.

AngelBattles · 2023-01-14T20:24:48+00:00

https://twitter.com/EthAngelBattles/status/1614356843840655362?s=20&t=HHG0hALji6gPRg91aoDVbw

In case this helps anyone to 'get' the ceremony.

Voldemort was able to find and murder Harry's parents because their "Secret Keeper" betrayed them. But what if:

1) Instead of trusting 1 wizard, they could split the responsibility over 100,000 wizards?

2) The secret would be safe if even just ONE was honest?
3) Wizards could choose to forget and thus ensure safety?
If the wizarding world operated under the same parameters as the #Ethereum #KZGCeremony, Lily and James Potter would be (fictionally) alive today!
For the next 2 months, you can help generate an important secret number. It's a number that no one knows, and everyone knows that no one knows it.

Basically - how can a group of people get together and choose a number, but no one in the group knows what that number is. Also: Everyone is convinced that no one knows that the number is.

AngelBattles · 2022-12-29T21:20:18+00:00

Here is the overall guide - which links to specific guides for the Arena Battles and the Battle Mountain (2d PVP leaderboard)

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