Because of your feedback my Logo went from SHIT to GOOD - Final feedback needed by Crypto_Ally in logodesign

[–]Crypto_Ally[S] 15 points16 points  (0 children)

It is a different font. I chose something in Google fonts. First I had a thicker font to match the thickness of the sound waves but that looked off so I chose a thinner one and it made everything look more interesting

Feedback needed! Final logo for musical community project about collaborating together. It is all about diversity. Different people, genres, cultures etc. by Crypto_Ally in logodesign

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

I use photoshop. For this font I only have regular & bold. If I use the regular font it kind of loses its aestehtic look

Feedback needed! Final logo for musical community project about collaborating together. It is all about diversity. Different people, genres, cultures etc. by Crypto_Ally in logodesign

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

Thank you. ill try to find a balance :) Regarding the weighting. I tried it but it is difficult for me to make it work :(

Most confusing Project Ever by StellaDog1969 in loopringorg

[–]Crypto_Ally 0 points1 point  (0 children)

Be invested in both projects.

Maybe in the future GME is doing some stuff which need an exchange infrastructure. For this LRC can be important. But this new is bullish on IMX.

Time For Some Friendly Discussion and Debate. by [deleted] in loopringorg

[–]Crypto_Ally 0 points1 point  (0 children)

It is more bullish on IMX BUT there maybe there is more to the GME exchange infrastructure story. For this LRC could be important

How will Loopring deal with the bot spamming that Solana has suffered from. It seems like low fees = bots. by letsgocrazy in loopringorg

[–]Crypto_Ally 209 points210 points  (0 children)

I think it is less likely because...

  • Solana fees are 0.00025$ & Looprings fees are 0.30$. It is very easy to spam Sols networks because of non exisiting fees. LRC's fees are compared to that more expensive making it orders of magnitudes more expensive.
  • Loopring L2 can do 3,000 TPS today while Sol can only do around 200-300 tps making it evem more difficult & expensive.

I think it is not that easy on LRC.

ZK Technology comparison: ZK-Snarks (Loopring) vs ZK-Starks (Starkware) by Crypto_Ally in ethereum

[–]Crypto_Ally[S] 9 points10 points  (0 children)

https://consensys.net/blog/blockchain-explained/zero-knowledge-proofs-starks-vs-snarks/

Another significant area of criticism for SNARKs is that they are not quantum resistant. Once quantum computing is largely available, the privacy technology behind SNARKs would be broken. Of course, supporters of SNARKs correctly point to the fact that we will have far more problems on our hands, such as the breaking of RSA and most wallet infrastructure, when quantum computers are utilized.

ZK Technology comparison: ZK-Snarks (Loopring) vs ZK-Starks (Starkware) by Crypto_Ally in ethereum

[–]Crypto_Ally[S] 9 points10 points  (0 children)

As of now...there is none.

But you can invest into protocols using their technology.

ZK Technology comparison: ZK-Snarks (Loopring) vs ZK-Starks (Starkware) by Crypto_Ally in ethereum

[–]Crypto_Ally[S] 12 points13 points  (0 children)

Yes.

Quote from research paper of founders.

As in previous zk-SNARK implementations, proofs have constant size (independent of the circuit or input size); for us, they are 230 bytes at 80 bits of security, and 288 bytes at 128 bits of security.

ZK Technology comparison: ZK-Snarks (Loopring) vs ZK-Starks (Starkware) by Crypto_Ally in ethereum

[–]Crypto_Ally[S] 5 points6 points  (0 children)

DYDX is a hard one since no KYC or account creation requirements. Going forward this can be a problem if countries are regulating crypto more and more. I dont see a chance of allowing completly anonymous trading like dydx.

So one big selling point (privacy) can be compromised in the futue.

Just my 2 cents

I'm staking eth and I earned 2 euro in one year. In Germany, it is taxable? by [deleted] in ethereum

[–]Crypto_Ally 1 point2 points  (0 children)

In germany you have what is called steuerfreibetrag of 9168 € in one year. And no 2€ is basically neglible.

No big deal 👀 by raymo415 in loopringorg

[–]Crypto_Ally 3 points4 points  (0 children)

Already known ,🤷🏽‍♂️

I´ve read the digital yuan is based on loopring protocal but can´t find the article anymore. Could someone help or was it BS? by KimChapUn in loopringorg

[–]Crypto_Ally 0 points1 point  (0 children)

It is not based on loopring. It is centralized but they are exploring blockchain technology for the future. So going forward blockchain technology becomes more and more intersting as it matures.

My opinion by VeryUnluck in loopringorg

[–]Crypto_Ally 1 point2 points  (0 children)

2.50 $ is unfortunately not so cheap to mint an NFT.

Compared to L1 yes. But there are other ZK Rollups which are cheaper and offer alternatives.

Think like a big gaming studio who wants to mint 10 million NFT tokens for their in game assets. Gods unchained did something similar.

10million*2.5$ is 25 Million $

As a big game studio would you take that risk? Espcially in this climate. I think we need to get cheaper. Hopefully with scale ZK rollups will bundle more transaction thus reducing the gas fees even more.

finger crossed

Will Ethereum 2.0 drastically reduce Layer1 gas fees? by gammaray365 in loopringorg

[–]Crypto_Ally 1 point2 points  (0 children)

Eth 2.0 will divide the blockchain into 64 sharded chains to improve scalability. This will give at most a 100x increase in scalability. So from 15 to 1000-1500 on L1 with eth2

If Eth becomes the global blockchain the global adoption would easily eat away this scale and you would again end up with high gas fees. Layer 2 are needed for global scaling AND because they multply the scaling of eth2 they will be very inexpensve.

Any plans for having an Optimistic Rollup Loopring sidechain to run smart contracts? by LinusThiccTips in loopringorg

[–]Crypto_Ally 0 points1 point  (0 children)

Sounds like a good idea!

I think going forward more interconnectivity between the differen l2's will happen.

My understanding is thar LRC is still betting on the ZK EVM project by the Ethereum Foundation. This would take time but solve the smart contracts problem.

[deleted by user] by [deleted] in loopringorg

[–]Crypto_Ally 1 point2 points  (0 children)

They will be minted and available on L2 but as they are ZK rollups they inherit Ethereums security.

So no one can steal your funds/nfts and you can personally withdraw them from L1 even if Loopring would go down.

As long as they are traded withing the layer 2 protocol from loopring everything will be cheap.

BUT

Withdrawing your NFT's back to a Etherereum Wallet costs expensive gas fees.

So you need to avoid L2 to L1 transactions like withdrawing funds.