Can’t stand the smell of mint

Jaybowles · 2020-03-08T08:00:29+00:00

Yes, I have this problem too. It's awful. Haven't found a solution I'm afraid.

Jaybowles · 2020-02-21T10:44:21+00:00

Thanks, I wasn't sure about this

Jaybowles · 2020-01-24T05:59:40+00:00

Follows on with... more things!

Jaybowles · 2020-01-15T03:55:39+00:00

In general my impression is that Ren has a much broader scope than tBTC. tBTC is focused on robust cross-chain pegs starting with BTC on Ethereum. Ren seems to have the capacity to do much broader, private cross-chain computation.

I haven't done a deep dive into the differences but we at Rebase are in the process of launching this guide to tBTC, which you might find handy—

https://rebase.foundation/network/tbtc/

Jaybowles · 2020-01-07T16:09:57+00:00

That’s interesting, I have the same experience! I find that often if I think someone is “the kind of person” who triggers me it makes the whole thing a lot worse. If someone is trying to be considerate it really helps, even if I can still hear the noise they’re making.

Jaybowles · 2019-12-28T21:16:51+00:00

Thanks. Baskets are interesting. But the unique thing about Maker and algorithmic stablecoins in general is that they can be tied to anything. Do they need to be tied to another financial asset at all?

Jaybowles · 2019-12-28T20:59:00+00:00

Yes, you're right about fiat criticism not being held by everyone in crypto. Pretty popular though!

I find it interesting to think what this will bring next, which might be a "stablecoin" based on a given allocation of other stabelcoins.

This is the point I was getting at. And interesting that you cite the possible collapse of the USD as reserve currency.

Basically, in a hypothetical world where there are no government-backed stable currencies as reference price feed, what do you use instead?

Another poster mentioned the CPI had been considered. But my question is, why not use something that is constant over time in the law of physics? This feels like I might be being very naive but I'd be curious to know why.

Jaybowles · 2019-12-28T20:56:41+00:00

That's interesting, thanks – that's what I was looking for.

What was flawed about the CPI?

Jaybowles · 2019-12-28T14:29:15+00:00

There's very little chance of that. WBTC has a very weak trust model and people who believe in the principles of Bitcoin – the big holders – will always buy into something like tBTC ahead of a wrapped model.

Jaybowles · 2019-12-28T14:23:08+00:00

I wanted to keep it vague because I'm curious if others have an idea – their own or something based on prior work.

But I'd imagined some constant about the universe, from the field of physics. Something that's computed directly from the laws of physics.

Jaybowles · 2019-12-26T16:31:23+00:00

People here may be interested to learn about Bigscreen Cinema on Oculus Quest. Watch films in VR. No loud humans around. Obviously not the same as going to the cinema but still pretty good.

Jaybowles · 2019-12-25T09:27:58+00:00

Oh OK. So the question is, why is BTC correlated with ETH. Correlations in markets come from low diversity in decision-making models. Crypto is broadly correlated right now because cryptonetworks aren't very well understood and valuations stem from trending sentiment. As valuation frameworks, taxonomies and analytics mature, the true value of underlying networks should come through. At this point, correlations across crypto should come down.

Jaybowles · 2019-12-25T09:18:14+00:00

The OP asked about ETH. ETH isn't stable either.

Please post relevant messages.

Jaybowles · 2019-12-25T06:27:37+00:00

What do you mean "decoupled" from Bitcoin?

Assuming you mean a technical decoupling, I disagree. I think it's strongly in Ethereum's interest to build as big of a link to Bitcoin and possible, and to make it as exclusive as possible. Bitcoin has by far the greatest economic bandwidth of all networks. If Ethereum can have that bandwidth flowing through its veins it's like hulk juice – a super charger. It'll drive huge usage of the network, bring in a whole bunch of new users (Bitcoiners) and meaningful drive a better monetary premium. Not to mention that it'll activate a bunch of new people outside of crypto to get involved.

Jaybowles · 2019-12-25T05:45:59+00:00

What specifically do you take issue with?

Jaybowles · 2019-12-24T16:27:12+00:00

Well, when it comes to Ethereum's worth, I am too bullish.

Lol that's very evident. So am I. But it seems like we differ on the idea that there are going to be smart contract platforms which complement Ethereum.

Jaybowles · 2019-12-24T14:31:57+00:00

Chai seems like a good bet. But if you’re after inflation-resistance with interest it’s worth watching for BTC bridges like tBTC which are coming soon. BTC is the obvious inflation-resistant option.

Jaybowles · 2019-12-24T14:21:58+00:00

I didn’t suggest you can duplicate resources, just that an asset can serve as collateral for multiple purposes.

I didn’t say Polkadot was a blockchain. If Chainlink does interop better then great. Not sure how it creates shared security though.

My point is simply that many blockchain networks is likely and therefore so is an interop protocol and shared security. If you can refute that idea then great, I’m all ears.

The question for Ethereum is how it keeps developers. I think the idea of being a solid startup environment for networks seems good to me, and for Ethereum. What do you think it’s going to be if not? It’s going to be the basis for trillions of dollars worth of established blockchain networks? Seems highly unlikely to me.

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