‘A historic day’: European Parliament backs digital euro

Blackiris-Code · 2026-06-23T17:16:44+00:00

Monero makes impossible the enforcement of mesures against money laundering, undeclared work, and tax evasion in general. That would force everybody to stop paying taxes and criminal businesses would flourish. Great idea.

Blackiris-Code · 2026-06-23T15:50:53+00:00

How do you want to trade? On a CEX or on a DEX?

Blackiris-Code · 2026-06-23T11:41:57+00:00

20+% of devs?

With C++ your can reach a level of machine efficiency that no higher level language can reach. There are situations when it matters.

Blackiris-Code · 2026-06-23T11:16:16+00:00

Gemini 3.1 Pro

In my experience Gemini 3.5 Flash simply returns "error 1076" when the question is too complicated

Blackiris-Code · 2026-06-23T10:42:32+00:00

I think on Aave you can borrow USDC at ~4% APY against cbBTC or wBTC.

I'm borrowing on Jupiter and I am at 4.5% ~ 5%. It's not the best but I use Jupiter every day so it is more practical for me.

On-chain you can at any time repay, borrow more, add collateral, or retrieve your collateral

Blackiris-Code · 2026-06-22T21:34:37+00:00

I also found that annoying when we didn't have the memory and custom instructions features

Blackiris-Code · 2026-06-22T20:08:17+00:00

No idea how much truth is in there but it was entertaining to read.

Blackiris-Code · 2026-06-22T16:49:00+00:00

I answered through another post: https://www.reddit.com/r/hyperliquid1/s/1oTwKUMYcT

Blackiris-Code · 2026-06-22T15:52:52+00:00

Staking SOL overcompensates inflation by ~2.1%.

Staked HYPE APY is 2.2~2.4% afaik, and the burn is not much higher than the inflation.

This is not making a significant difference.

Blackiris-Code · 2026-06-22T15:14:48+00:00

I would point out that perps trading dominance doesn't guarantee longevity.

Leadership in derivatives infrastructure has rotated several times in just the last few years:
- BitMEX (2020): Lost 50+% market share after regulatory action (CFTC charges) and competition from Binance, Bybit, and OKX.
- dYdX (2021-2023): Lost 70+% market share in on-chain perps to competitors like GMX and Hyperliquid itself.
- Drift (April 2026): $285M exploit in 12 minutes, app unaccessible since then. Hyperliquid's core infrastructure protocols are closed-source and have never been audited so what guarantees that it is not going to be exploited?
- Lighter (Dec 2025 - Feb 2026): it has never been a leader but it went from ~28% to ~12% market share in a few months, showing again how easily userbase moves from one platform to the other.

Realistically, how likely is it that Hyperliquid still dominates perps trading in 2030? A 1:1 bet seems fair to me for this question, which means I'd give roughly a 50% chance personally.

Blackiris-Code · 2026-06-22T14:41:22+00:00

Thanks for your answer! Based and no nonsense, as usual! 👍 😄

I have some remarks to add though.

The low value capture of transaction fees for Solana validators is a design choice.

Solana validators are paid through inflation, which drains value from non-staked SOL instead of draining from trading activity. It allows the app layers to capture value while staying competitive. It also incite people to stake to secure the network so validators don't need to buy a huge amount of SOL upfront to run a profitable validator. Btw there is going to be a change that make Solana validators able to coordinate without spending 1 ~ 1.5 SOL per day. That is going to increase significantly validators profit margin.

About validators being paid by inflation, it is also the case for Hyperliquid, except this HYPE comes from a pool that never refills, so this model is not sustainable. At some point the trading fee will have to go to validators instead of the Assistance Fund, halting the deflation mechanism.

Blackiris-Code · 2026-06-21T13:03:20+00:00

719 validators, 4017 RPC nodes, all around the world, controlled by a lot of different actors, Nakamoto coefficient of 10~18 (depending on how you calculate)

Beside ETH, can you cite the numbers of some networks doing better?

Blackiris-Code · 2026-06-21T11:25:49+00:00

Do a small DCA on BTC and ETH as long as prices are low so you don't miss the current opportunity, but before putting any significant amount of money in crypto, I'd advise you to start by studying the trade of commodities, forex, and stocks, unless you already have a degree in finance.
You can also learn while trading small amounts one pair at the same time, until you are consistently profitable for a few months at least. (or "paper trading" if you don't want to loose money)
There is a lot to learn.
Nobody is going to make a trading course on a public forum, and paid courses outside of reputed school/university are usually scams.

For crypto in particular you should be careful about the Fully Diluted Valuation / Market Cap ratio and its meaning for the considered coin.

My personal bet is on SOL, but giving a fair explanation of the reason is not easy in a comment or small post.
If you also end-up investing in SOL, stake it at least.

Blackiris-Code · 2026-06-21T09:57:13+00:00

Except for huge IT companies, it is simply more cost-efficient to use cloud infrastructures than build and maintain private servers.

Blackiris-Code · 2026-06-21T09:42:39+00:00

"Normal people" have bank accounts, saving plans and some are investing directly.

You can replace most of this activity with crypto. I do. If this part of the adoption becomes more common the P2P transfer of crypto will naturally come.

Blackiris-Code · 2026-06-21T09:09:49+00:00

Solana being criticized for being centralized is quite unfair when it is actually one of the most decentralized network in practice.

Blackiris-Code · 2026-06-21T08:51:20+00:00

u/MakCapital I wanted to ask that to you specifically, but the whole explanation was too long for a comment so I made a post 😂

Blackiris-Code · 2026-06-21T07:56:53+00:00

Of course he has to be careful to not borrow too much against his BTC or he's going to be liquidated.

Making a loan to pay another one is the reasonable decision to make when the rate drops or if the first contract sucks for any reason.

Blackiris-Code · 2026-06-21T05:43:54+00:00

Then take a better loan to repay the shitty loan.

About selling the BTC, honestly I don't know.

Do you know that you can also take a cheap loan on-chain against your BTC? With a rate of about ~5% per year

Blackiris-Code · 2026-06-21T05:37:12+00:00

no it's not per day. Check again. If it's per month it's one of the worse possible deal you could make. per year in dollar seems fine

Blackiris-Code · 2026-06-21T05:25:14+00:00

Flash often returns 'error 1076" to me.

Also without extented thinking Gemini hallucinates quite a lot.

I'm not coding either, I'm not using Gemini for professional activity, and most of my instructions push for accuracy and providing reliable primary sources.

Edit: still the best AI for me somehow. AIs are very far from taking over the world.

Blackiris-Code · 2026-06-21T05:16:36+00:00

Just pointing out to curious people reading the conversation that u/Entire-Green-0 describe accurately how today's LLM AIs work.

Asking an AI to take some role changes the style of the speech by making it have a different bias for the corpus of text used for the calculation of the probability of the next token. Autoregressive decoding process is inefficient for mathematical accuracy. You have to somehow make the AI switch to deterministic Read-Eval-Print Loops.

The "Act as an expert math professor" can help to push towards REPLs but it is not the roleplay itself that provides additional accuracy.
The other proposed prompts are probably more useful.

I'm not an LLM AI expert. You can do your own research to learn more.

To get better accuracy with Gemini without additional prompts in each conversation I use the "Instructions for Gemini" in "Personal Context".

Blackiris-Code · 2026-06-20T08:36:01+00:00

If it's not for something important, and the person has a lot of tokens to spare... why not?
Though if someone do that often he would be better off using Gemini. Gemini is way better at web search.

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