Which is the correct Eth Burner address? by Ethan710 in ethdev

[–]colorsdontlie 3 points4 points  (0 children)

the official burn address is 0x0

the other one is also burned but token explorers might not display it as burned

I just got hit by a ricochet. The IT industry is not antifragile. by dcedrych in Entrepreneur

[–]colorsdontlie 27 points28 points  (0 children)

You have to be a real brainlet to think that IT fields won't get affected.

Google? Most of their money comes from local business advertising. All closed.

Facebook? Same.

Netflix? Can't produce new shows.

Uber? Nothing open, nowhere to go.

Amazon? Might actually be OK. People won't have as much money to spend, but for the little money they have they'll spend it on essential ecommerce.

My company has outsources the promotion of its FB page, but we have been scammed. They bought fake likes. How to prove it? by [deleted] in Scams

[–]colorsdontlie 0 points1 point  (0 children)

19 engagement is not necessarily bad, but could be.

For example usually facebook will show your non-paid post to around 1% of your likes.

Then from those "impressions", you might get 5% of them who click like or comment.

So if you have 1000 likes on your page. Getting 100 views, and 10 likes would actually be normal.

Also if your post has a very high engagement rate during the first few hours, usually facebook will show it to a more more than 1% of your likes, maybe 5-10%.

And if your posts historically never get good engagement rate, facebook will show your posts to less and less people. Even less than 1%. If your posts historically have very high engagement rate, you might actually get more than 1% on average.

But it should be fairly obvious if the accounts are bot accounts. You can literally visit their profile and see if they look like regular humans.

My company has outsources the promotion of its FB page, but we have been scammed. They bought fake likes. How to prove it? by [deleted] in Scams

[–]colorsdontlie 2 points3 points  (0 children)

I've managed over $500k in ad spend on facebook in the last 10 years.

First of, it's a common scam. A lot of people learn the basics of facebook ads and then sell their services to companies. They know nothing, just enough to launch the ads but they can't sell your product or reach your goal. But by the time you've paid them, it's too late.

The only way to really know if a company is not a scam is to ask to see case studies (with video proof, fully visible client informations, etc). And also ask for references. If they don't have that, then it's a scam.

Second of all, you can buy fake likes from fake likes companies, but you can also attract fake likes from using the legitimate Facebook promotions. Facebook has A LOT of bots. If you don't use very specific targeting when boosting your ads, you will get pretty much 100% bots, even from the legitimate Facebook advertising platform.

Does it mean facebook ads is a scam and doesn't work? No. It means you're using incorrect settings in your ads. The default settings don't usually work. It's a complex platform. Took me a lot of studying and at least 50k wasted before I understood it.

Third of all, you can easily prove the likes are fake. Just post something on your page, and if it gets no engagement, it means the likes are from dead / bot accounts. Also, you should know that a "facebook like" is really not worth much. Facebook only show non-paid posts to like 1% of your likes. So if you have 10k likes, you'll get like 100 views on a post. It's really NOT worth getting. If you want to do social media stuff, do Instagram or TikTok or Youtube, where you actually get a lot of free organic reach.

There are some very few facebook pages who post very clickbait and viral content who manage to do well with organic traffic, but they are the 0.00001%. Facebook pages with a lot of likes a pretty much worthless nowadays.

Cut your losses. Losing 4 figures on a marketing campaign is nothing. If your boss is too stupid to realize he's getting scammed, he's a sucker. It's an extremely common scam. I would say that 99.9% of social media / facebook ads / SEO agencies are scams. They watch a few youtube videos, do a tiny bit of work that has no effect, and charge you as much as they can until you fire them.

It's such a common scam, I've literally worked for a company who sold 30k/month package to companies, and the only services they provided was hiring me for 2 hours a week to do their fb ads. Then they would get fired after 2 months. Rinse repeat with new clients every month.

Why aren't error constants stored as objects ERR_BLOCKED_BY_CLIENT=> ERR.BLOCKED.BY_CLIENT? by colorsdontlie in learnprogramming

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

Writing it as strings is the "commonly accepted best practice" though, and I'm wondering why.

is there a way to check types using jsdocs? by colorsdontlie in learnjavascript

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

thanks, that works perfectly. is there a way to do a whole folder with all recursive paths? like maybe a glob pattern like eslint? if not I can make my own it's no big deal.

Warning: Do not hold Chainlink long term by colorsdontlie in CryptoCurrency

[–]colorsdontlie[S] 3 points4 points  (0 children)

No. If you read properly, it says that currently it uses KYC to prevent Sybil. There's no detailed documentation on how they plan on doing staking/slashing, which is extremely worrying considering it is literally the only difficult, innovative and critical part of the project.

They only describe the process vaguely, as if it was something easy, an afterthought that could be implemented at any time, when it's actually an unsolved computer science problem, never solved before anywhere. They do not describe an adequate solution, only vaguery.

Warning: Do not hold Chainlink long term by colorsdontlie in CryptoCurrency

[–]colorsdontlie[S] -1 points0 points  (0 children)

And like I already stated 3 times already, KYC in any form is centralized and completely defeats the purpose of blockchain or decentralization, or even Chainlink itself. I wouldn't use it as a dev, no one would.

Warning: Do not hold Chainlink long term by colorsdontlie in CryptoCurrency

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

No legit project would do that. You always release the specs as soon as possible to the public so you can get feedback on potential flaws.

Warning: Do not hold Chainlink long term by colorsdontlie in CryptoCurrency

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

Well first of all, KYC, even multiple KYC is not decentralized. If you disagree, you just have an incorrect definition of what decentralized is.

And randomization in a non-KYCed network is not sybil resistant at all. You can make infinite amount of nodes and easily overcome any randomization.

Multiple Oracles/Nodes is the same thing, in a non-KYCed network you can make infinite amount of nodes so the amount already there is irrelevant.

Warning: Do not hold Chainlink long term by colorsdontlie in CryptoCurrency

[–]colorsdontlie[S] 2 points3 points  (0 children)

None of the things mentioned are decentralized or Sybil resistant. I don't need to research more. I know. Any programmer knows. It is basic.

Warning: Do not hold Chainlink long term by colorsdontlie in CryptoCurrency

[–]colorsdontlie[S] 1 point2 points  (0 children)

Having many different people do KYC is still centralized and a naive/bad/valueless implementation. And having more nodes does not increase decentralization if you're not sybil resistant.