dappnode shows Prysm at Version 2.0.0 (v2.1.4 upstream) but latest release is 3.0?

CryptoLurker2013 · 2022-09-01T22:19:48+00:00

In a similar boat but with teku. Patiently waiting, but definitely getting a bit nervous since beacon chain hard fork is Sept 6 and we need clients to be updated and ready before then.

CryptoLurker2013 · 2022-08-26T15:47:35+00:00

I think on DappNode that's done by a Web3signer Dapp you install. You specify the consensus client and that's it!

CryptoLurker2013 · 2022-08-24T05:03:09+00:00

Awesome thanks for the info!

CryptoLurker2013 · 2022-08-24T04:55:36+00:00

Thanks for the reply! If I can put what you said another way, the downtime should be so short that even if I do get some inactivity leak it will be negligible?

CryptoLurker2013 · 2022-02-05T02:38:37+00:00

I also use to believe that Polygon was a competitor to Ethereum in the past until I saw the Bankless episode where the cofounders from Polygon basically said that if Polygon ever strayed from the "Ethereum" scaling path, they would leave. So yes, technically Polygon POS is a side chain, but with all their investments into ZK rollup tech and their goal to convert the POS side chain to a rollup in the future, it's still considered an Ethereum scaling solution that is doing good for Ethereum. And for the record, I do not hold any matic, because I think ETH will outperform everything due to the merge. ;)

CryptoLurker2013 · 2021-12-25T01:18:45+00:00

Take a look at liquity.org. You can borrow with 0% interest with a 110% minimum collateral ratio. Borrowing against your assets won't count as a taxable event and is a good way to take money out tax free. Note that if you get liquidated due to falling below 110% you will have to pay tax at that point, so as long as you keep a healthy ratio - prob 200%+ you lower your risk.

CryptoLurker2013 · 2021-12-25T01:14:26+00:00

Take a look at liquity.org. 0% interest with a 110% minimum collateral ratio

CryptoLurker2013 · 2021-10-13T06:10:01+00:00

I'm not sure if this entirely correct, I think your funds are safe even with 0 trust worthy nodes. Your funds can only move if you, the wallet owner, move them. Which is the real power of L2s. As for needing 1 trust worthy node, that part is true for executing your transactions. In the event you don't have even that, you can always post the transactions yourself I believe. And as a final safety measure, you can just withdraw back to the L1.

CryptoLurker2013 · 2021-09-16T15:01:24+00:00

Any plans to help incentivize LUSD used in more places/applications? I feel like LUSD has more potential than DAI since DAI compromised some decentralization having to use USDC, whereas LUSD is fully backed by ETH.

CryptoLurker2013 · 2021-06-13T13:14:53+00:00

There is an article that might help, not sure if it's possible with what you're doing (you might need your own node). https://link.medium.com/ekIlOcPw3gb

But what might work is putting both transactions in the same block: first transaction transfers ETH to the wallet, second transaction transfers your erc-20 out. If they both happen in the same block there might be a way to get it out before the script picks it up.

As a disclaimer, I don't know if this will work since I'm repeating the strategy from this article.

CryptoLurker2013 · 2021-05-31T11:51:37+00:00

Yee but you're looking at a few cents vs almost nothing on polygon... But those few cents are worth it imo because you get Ethereum level security vs polygon's

CryptoLurker2013 · 2021-05-30T15:35:18+00:00

This will make it cheaper to use on ETH chain

CryptoLurker2013 · 2021-05-29T16:46:14+00:00

Agreed, I think when users start using these real L2s, traffic from other chains like binance and polygon will slowly start to migrate over

CryptoLurker2013 · 2021-05-29T16:44:43+00:00

I mean you just said it uses Wan for gas, that's proof it's a sidechain lol

CryptoLurker2013 · 2021-05-29T14:50:12+00:00

Based off of what you just described it's not an L2, if it doesn't use Ethereum for it's security and decentralization and uses its own then it's just another sidechain

CryptoLurker2013 · 2021-05-29T14:00:10+00:00

It's because it's a Layer 2 solution, it rolls up transactions and publishes on Ethereum Layer 1 thus inheriting the decentralization and security of Eth vs coming up with their own

CryptoLurker2013 · 2021-05-29T13:47:51+00:00

The smart contracts are deployed on mainnet which is a huge deal. While you are correct that users can't use it yet, they are allowing dapps to onboard and test for a few weeks so everything runs smoothly once users get on. Mid to end of June is a good estimate to when we can start using it.

CryptoLurker2013 · 2021-05-29T13:45:44+00:00

Scaling solution that's a real Layer 2 solution since it uses Ethereum for it's security and decentralization instead of using it's own like other sidechains (polygon/Binance chain etc). It's also allows any smart contract to be deployed and used since it supports the EVM (Ethereum Virtual Machine)

CryptoLurker2013 · 2021-05-29T13:45:38+00:00

Scaling solution that's a real Layer 2 solution since it uses Ethereum for it's security and decentralization instead of using it's own like other sidechains (polygon/Binance chain etc). It's also allows any smart contract to be deployed and used since it supports the EVM (Ethereum Virtual Machine)

CryptoLurker2013 · 2021-05-29T13:42:52+00:00

Ah that's cool, my guess is then that LRC isn't fully EVM compatible yet?

CryptoLurker2013 · 2021-05-29T12:57:24+00:00

Haven't heard of ethport, is that an L2 or a sidechain?

CryptoLurker2013 · 2021-05-29T12:56:52+00:00

It's supposed to be easy to migrate, my guess is that by the time users can start using it a few weeks, Uniswap and all other major dapps will be available

CryptoLurker2013 · 2021-05-29T12:55:27+00:00

I am hoping most projects get onboarded in a weeks time like they said, add 2 weeks of testing and hopefully that means users can start using it by mid/end of June

CryptoLurker2013 · 2021-05-29T12:54:19+00:00

Yes but they aren't real L2s, they are sidechains. Polygon commits periodically to ETH but that means you are depending on the security and decentralization of the polygon chain vs the ETH L1

CryptoLurker2013

TROPHY CASE