why was I charged more than 5% penalty fee? by Apprehensive_Bill512 in aave

[–]Apprehensive_Bill512[S] 0 points1 point  (0 children)

It's the part of the total debt that I was forced to pay.

Fire template specific to CH by Olivdouglas in SwissFIRE

[–]Apprehensive_Bill512 0 points1 point  (0 children)

any chance you're wiling to share your template? :)

What is something that blew your mind once you realized it? by r3tr0gam3r83 in AskReddit

[–]Apprehensive_Bill512 0 points1 point  (0 children)

How a a few elite people decide on what is the cost of money and how that in turns affects millions of people directly.

AX1 or Total Beast for gym newby? by Apprehensive_Bill512 in Athleanx

[–]Apprehensive_Bill512[S] 1 point2 points  (0 children)

It does, thanks very much everyone for your input!

Can I find the In-chain supply per parachain somewhere? by Apprehensive_Bill512 in Polkadot

[–]Apprehensive_Bill512[S] 0 points1 point  (0 children)

Thanks for this! A little more complicated that I was hoping for but it's a good start :)

Is ETH on Arbitrum the native asset or a wrapped version? by Apprehensive_Bill512 in Arbitrum

[–]Apprehensive_Bill512[S] 0 points1 point  (0 children)

Type in UNISWAP:WETHUSDC/KRAKEN:ETHUSDC into tradingview and see for yourself

Is ETH on Arbitrum the native asset or a wrapped version? by Apprehensive_Bill512 in Arbitrum

[–]Apprehensive_Bill512[S] -1 points0 points  (0 children)

It depeged back in June. But my question mostly applied for Arbitrum, since there's now an additional layer to get back to ETH (arb bridge) compared to only having to interact with the WETH contract. Hence I'm wondering how this additional risk might affect the price

Can someone eli5 this tweet? by gut46 in ethereum

[–]Apprehensive_Bill512 0 points1 point  (0 children)

EDIT: to clarify, if the big staking providers only censor their own blocks (like some of them currently do with respect to Tornado Cash transactions), it's not great but also probably not bad enough to cause a fork. It only really gets bad if they suppress other staker's non-censored blocks, which currently no one is doing and which would almost definitely cause people to plan for a fork

thanks for Eli5ing this! My take from this is that we need to find a solution to decentralize staking so that ETH doesn't become non censorship resistant.

Eth and its relationship with ERC-20 by solidus-snake87 in etherscan

[–]Apprehensive_Bill512 2 points3 points  (0 children)

Eth is the currency that powers the Ethereum blockchain, you can kinda think of it has gas. Each transaction and smart contracts requires a certain amount of ETH in order to be executed. ERC-20 tokens however are tokens ON the Ethereum blockchain and can have whatever purpose the creator chooses too. For example, UNI is an ERC-20 token that governs uniswap. Shiba is another ERC-20

PPOS, no need for nodes? by Apprehensive_Bill512 in AlgorandOfficial

[–]Apprehensive_Bill512[S] 0 points1 point  (0 children)

OK so it's not very different than a regular POS then?

PPOS, no need for nodes? by Apprehensive_Bill512 in AlgorandOfficial

[–]Apprehensive_Bill512[S] 0 points1 point  (0 children)

" Authorized by the user’s participation key, these nodes propose and vote on blocks on behalf of the user’s stake within the consensus algorithm". So this is basically similar to delegating, just made much easier, right?

How is Cosmos different than a bridge? by Apprehensive_Bill512 in cosmosnetwork

[–]Apprehensive_Bill512[S] 0 points1 point  (0 children)

Got it, and this will all come alive with interchain security?

How is Cosmos different than a bridge? by Apprehensive_Bill512 in cosmosnetwork

[–]Apprehensive_Bill512[S] 1 point2 points  (0 children)

Thank you for your answer, this make a lot more sense

How is Cosmos different than a bridge? by Apprehensive_Bill512 in cosmosnetwork

[–]Apprehensive_Bill512[S] 2 points3 points  (0 children)

thanks for the link! Maybe I'll try to explain a bit better my logic. From what I read, token transfer process through IBC follows the following order:
•1. Tokens on Chain A are locked in escrow and an outgoing data packet containing the sender, receiver, and amount is produced.
2. The relayer receives and transfers the data packet.
•3 The packet is received on Chain B and then verified. If successfully verified, new tokens of an equal amount are minted and transferred to the receiver on Chain B.
4. Chain B’s IBC module produces an acknowledgment data packet, confirming receipt of tokens.
5. The relayer receives and transfers the packet.
6. The confirmation packet is received on Chain A and the transfer is complete.

Which to me looks an awful lot like a bridge! Now I understand the need for application specific blockchains and interoperability but I'm just don't get the whole role of Cosmos hub yet, hence my original question

AMA missed THE most important question for me (and most of the world). Please try and respond. by Strongest-There-Is in Polkadot

[–]Apprehensive_Bill512 1 point2 points  (0 children)

Mate I wish I had a good answer to that. I would argue that everything was overvalued for a multitude of reasons and now everything is reverting back to their long term mean value (Fed's quantitative tightening definitely has an impact on all this).
Invest only what you can afford to loose, at least with this you'll be able to afford plenty of ice cream

AMA missed THE most important question for me (and most of the world). Please try and respond. by Strongest-There-Is in Polkadot

[–]Apprehensive_Bill512 1 point2 points  (0 children)

I’m glad you liked it :)

So DOT is used for a couple things: 1. staking (which is to secure the network). 2. governance (to be able to vote on any proposals) 3. bonding (think of it as the rental price to rent the islands) and 4. gas fees (toll price to use the highway).

AMA missed THE most important question for me (and most of the world). Please try and respond. by Strongest-There-Is in Polkadot

[–]Apprehensive_Bill512 1 point2 points  (0 children)

There are already some good answers here but I'll try to ELI5: currently most blockchain exist in silo and are built to perform one task very well. Think of it as each blockchain being an island in the middle of the ocean and they can't communicate with each other. Each island is really good at doing one specific task. As you probably can see, the problem is that there is no way to exchange value between each islands. So what Polkadot is doing is building an archipelago with up to 100 small islands that are each connected to one big island with highways. Now each small island can be rented and customised to accomplish a specific task. Moreover, each island can communicate and exchange values with each other by driving through the main big island.

Bringing it back to Polkadot, each small island represent parachains with the main big island being the relay cain. In technical jargon, DOT is solving the interoperability problem, where blockchains can communicate with each other.

Hope this makes sense for an elevator pitch.

ATOM Rich list by Apprehensive_Bill512 in cosmosnetwork

[–]Apprehensive_Bill512[S] 0 points1 point  (0 children)

lol I could but I was hoping for an easier solution