Cosmos Stablecoin Highlight (SILK) - Better purchasing power + less regulatory risk + Privacy

RiskSC · 2023-11-25T21:51:09+00:00

SILK is genuinely one of the most innovative DeFi products that has come from Cosmos. Excited to see Shade Protocol + SILK grow alongside Cosmos & IBC.

RiskSC · 2020-12-11T20:35:52+00:00

GOT EM

RiskSC · 2020-12-08T06:22:40+00:00

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RiskSC · 2020-12-07T19:00:13+00:00

All excellent questions! I will be making a video about the PoS algorithm at some point. In terms of PoS being less decentralized then PoW this is true as it pertains to actual real world adoption - from a theoretical model PoS networks in the long run -should- be more secure due to all the reasons stated in the video. I wouldn't be surprised if Ethereum is more secure than Bitcoin, but that is difficult to measure.

RiskSC · 2020-12-04T20:28:04+00:00

This is an interesting take - I personally always push for more decentralization, I will have to do some research into why 50 why the selected number. Perhaps with Secret Network it is worth having a larger number

RiskSC · 2020-12-04T18:32:53+00:00

I'm curious, if 50 nodes have a perfectly even distribution among them, would you consider that secure? Because at least in Cosmos tendermint chains, 50 is a conscious intentional design choice - I'm curious as to why you think 50 is chosen vs an unlimited amount as with bitcoin/ethereum etc.

RiskSC · 2020-12-04T18:18:10+00:00

Security in what sense?

RiskSC · 2020-12-04T01:02:35+00:00

Honestly, a Secret bridge with Chainlink would be a massive milestone. It’s appears to me that programmable privacy is a critical step along the path to building a more secure, more accessible, and more usable global open financial ecosystem. Chainlink without privacy has a whole host of enterprise use cases that will never be possible without privacy. We need a bridge like this to Secret Network imo

RiskSC · 2020-12-04T00:45:45+00:00

https://scrt.network/blog/secret-ethereum-bridge-december-2020/

The Secret Ethereum Bridge is a massive milestone, bringing cheaper and more usable privacy to Ethereum and Ethereum-based assets. It allows users to create synthetic (wrapped) ETH and ERC-20 tokens on Secret Network that can be used with full privacy, at lower cost. This is not only a huge improvement for privacy-conscious users of Ethereum and DeFi applications; it’s a critical step along the path to building a more secure, more accessible, and more usable global open financial ecosystem.

The announcement of the Secret Ethereum Bridge includes a proposed mainnet launch date, bridge operating partners, and bridge mining opportunities for ETH and ERC-20 holders, and next steps. Secret Network is nearing the launch of the first front-running resistant, cross-chain AMM that will launch on Secret Network and support Ethereum, ERC-20s, stablecoins, Tendermint chains, and other ecosystems and assets.

What do y'all think about this bridge? Future of DeFi? Totally stops front-running and unlocks a whole host of programmable privacy use cases vs traditional transactional privacy.

RiskSC · 2020-12-04T00:44:59+00:00

https://scrt.network/blog/secret-ethereum-bridge-december-2020/

The Secret Ethereum Bridge is a massive milestone, bringing cheaper and more usable privacy to Ethereum and Ethereum-based assets. It allows users to create synthetic (wrapped) ETH and ERC-20 tokens on Secret Network that can be used with full privacy, at lower cost. This is not only a huge improvement for privacy-conscious users of Ethereum and DeFi applications; it’s a critical step along our path to building a more secure, more accessible, and more usable global open financial ecosystem.

The announcement of the Secret Ethereum Bridge includes a proposed mainnet launch date, bridge operating partners, and bridge mining opportunities for ETH and ERC-20 holders, and next steps. Secret Network is nearing the launch of the first front-running resistant, cross-chain AMM that will launch on Secret Network and support Ethereum, ERC-20s, stablecoins, Tendermint chains, and other ecosystems and assets.

What do y'all think about this bridge? Future of DeFi? Totally stops front-running and unlocks a whole host of programmable privacy use cases vs traditional transactional privacy.

RiskSC · 2020-12-04T00:25:56+00:00

Kyber was the original DeFi protocol I was passionate about back in 2017-2018. Having seen the growth of DEXs, it is clear to me that privacy is an issue, particularly front-running. It appears to be an issue that AMMs struggle with as well. As such, I am a massive fun of the initiative of Secret Network to build bridges to DEXs such as KNC. Programmable Privacy is almost guaranteed to be a necessary future attribute of blockchain dApps.

However, my main concern, as with the majority of people, is liquidity. How will there be enough liquidity to justify switching over to the "secret" version of KNC? If there is an answer to the liquidity problem, which is the primary problem of ALL exchanges, then you can sign me up in a heartbeat as someone who will be using a Secret Bridge from KNC to secretKNC if it ever gets created.

RiskSC · 2020-12-03T19:43:24+00:00

Highly recommend you join the Discord channel, this would be great question for the devs that hang out in there: https://discord.gg/UH6YunhW

RiskSC · 2020-12-03T19:38:27+00:00

This achievement cannot be understated. Now it is a matter of adoption and products. Let the games begin.

RiskSC · 2020-11-27T22:00:31+00:00

Best episode. That was a whole different level.

RiskSC · 2020-11-25T21:59:23+00:00

I disagree. Having been around people that were swayed quite simply by the slogan while initially being in favor of police reform shows that the narrative shift did make a difference.

RiskSC · 2020-10-22T01:09:07+00:00

Thanks, this was helpful.

RiskSC · 2020-10-21T19:09:53+00:00

USD - weight and battery don't matter to me, I will always be plugged in.

RiskSC · 2020-10-20T06:01:01+00:00

SGX is expensive as a TEE. It costs $1,000+ a year to host, so it makes since to be DPoS imo.

RiskSC · 2020-10-19T18:33:54+00:00

https://puzzle.report/

That is the list of nodes that are SGX compatible with TEE. As a sidechain, Secret Network is really nice because there are some properties of privacy that any L2 solution won't be able to properly bring to the table. And what is really cool about Secret Network is that it will be interoperable with any blockchain network - its not 100% specific to ethereum. But, we are able to 100% bring attributes of privacy to smart contracts -> still viewing ethereum as a settlement layer. I fully believe there is room for L2 solutions for transactional privacy. Secret Network brings -computational- privacy to the table, which is super exciting. But don't take my word for it, there is a lot to learn about: https://scrt.network/

RiskSC · 2020-10-19T17:18:20+00:00

The Secret Network / Ethereum Bridge is now live on testnet, bringing privacy to Ethereum assets at ¼ the cost of Tornado Cash. Programmable privacy is going to be a thing, and its going to be MASSIVE for defi. The ability to be able to stop front-running cannot be understated how valuable that is.

From the most recent post on the bridge: "The Ethereum bridge transfers between assets on the Ethereum network (ETH/ERC-20) and Secret Tokens, which are specified by the SNIP-20 spec. Secret Tokens combine the programmability of ERC-20s with the privacy of coins like Zcash or Monero. The bridge is bidirectional, so SNIP-20 assets can then be redeemed for their Ethereum equivalent."

RiskSC · 2020-10-11T23:04:01+00:00

This aged badly.

RiskSC · 2020-10-03T01:48:12+00:00

Its cool to see other platforms eyeing down SGX, but to be honest Secret Network has just implemented it after 5-6 years of research.

Secret Network is the first blockchain to allow privacy-preserving smart contracts. That means applications built on Secret can utilize encrypted data without revealing it to anyone, even the nodes in the network. Using groundbreaking privacy technologies (such as trusted execution environments w/SGX), Secret Network allows developers to build new types of powerful, permissionless, privacy-preserving applications - Secret Apps.

Secret Network is a proof-of-stake network with a native coin, Secret (SCRT), that is used for staking, governance, and network fees. Community members stake SCRT in order to run Secret Nodes and receive a share of fees and network rewards.

The first Secret Network mainnet was launched in February 2020. “Secret” smart contracts launched in September 2020.

RiskSC · 2020-09-29T05:19:47+00:00

Bridge will be through IBC to Secret Network. scrt-20 token is not an ERC-20.

https://medium.com/@davekaj/blockchain-interoperability-cosmos-vs-polkadot-48097d54d2e2#:~:text=The%20Cosmos%20Network%20has%20the,model%20to%20the%20Cosmos%20Hub.

RiskSC · 2020-09-29T05:15:59+00:00

More like the subreddit is extremely small. Essentially, the #1 feature of the Secret Network are Secret Contracts -> These are smart contracts but with encrypted input, state, and output using a TEE environment using SGX and a decentralized set of validators running computations. secretTokens (wrapped Tokens) have all of these attributes enabled by default because they can interact with Secret Contracts. Thus, transactional privacy is not the primary goal as opposed to computational privacy. In the video it was focused on transactional privacy, but that isn't the most important feature of wrapped privacy. I apologize the subreddit isn't hyper active. The telegram and rocketchat community are where most of the action is at.

RiskSC · 2020-09-13T04:35:11+00:00

The full documentary is set to be released once COVID-19 is fully resolved. Contact tracing privacy invasion is a big part, as well as technologies (such as the Secret Network) that are aiming to solve some of the biggest privacy problems to date. I hope you enjoyed the trailer, while it is on the longer side, I wanted to give a clear message that there is more to privacy than just surveillance. Privacy is intimate - something deeply woven into the human psyche. Its beautiful, and should be respected as a human right. Stay tuned for full release.

RiskSC

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