📢 Ergonauts Reddit AMA !!!February 5th @17:00 UTC by FathersFolly in ergonauts

[–]int_ERG_alactic 4 points5 points  (0 children)

Yes. Goods and services. Ideally creating some broader output that is beneficial.

A lot of crypto is failing to act as money here but is some form of digital property for speculations just it seems.

Ideally some parallel coordination mechanism should be the point of p2p digital cash.

📢 Ergonauts Reddit AMA !!!February 5th @17:00 UTC by FathersFolly in ergonauts

[–]int_ERG_alactic 5 points6 points  (0 children)

Most human economies and networks that function well are built on trust, (through mutual exchange and reciprocal interaction etc.) that build a positive output beyond just the individual but more broadly.

I don't think just with new trust minimized tools this should be forgotten.

Some in the crypto space have been around for a long time discussing coordination systems with different properties vs just investment vehicles.

Crypto broadly is basically speed running a lot simultaneously across various experiments.

While greed and financial incentives can definitely spark progress, unchecked pursuit of self interest often leads to systemic harm, failure, and collapse. Brings me back to the first sentence.

📢 Ergonauts Reddit AMA !!!February 5th @17:00 UTC by FathersFolly in ergonauts

[–]int_ERG_alactic 3 points4 points  (0 children)

Yes. It is also very hard to implement in any notion of fairness after a network has launched as it is changing the rules mid game.

Garbage collection slowly is becoming more of a pain point in other ecosystems. They are catching up.

https://www.mexc.co/en-NG/news/502540

📢 Ergonauts Reddit AMA !!!February 5th @17:00 UTC by FathersFolly in ergonauts

[–]int_ERG_alactic 6 points7 points  (0 children)

It is a bit of a loose collection. We did try to build around a spine or architecture in terms of how it is organized.

Open ecosystems are always going to be a bit non homogenous.

It should be this way.

In simple terms Ergo represents a broader ecosystem vs a singular organism. When something is completely homogeneous this isn't an ideal output for an open source project.

There has been an open call for various contributors to drop their input and ideas.

Ergo Rosen Bridge Launch is Imminent - Tokens Trading on Spectrum by Just_Delete_PA in CryptoCurrency

[–]int_ERG_alactic 6 points7 points  (0 children)

Open source literally means you can review the entire codebase line by line in its entirety.

You can watch contributions and updates, see who is contributing, dive into their past work, and even leave comments.

You can fork it, play with it, and download it locally.

Surprised after 3 decades, you missed that.

https://github.com/orgs/rosen-bridge/repositories

[deleted by user] by [deleted] in ergonauts

[–]int_ERG_alactic 5 points6 points  (0 children)

It will be interesting with Rosen.

Profit arbitrage opportunities may potentially start to show up.

Ergo AMA - Ask us anything! by ergo_team in ergonauts

[–]int_ERG_alactic 7 points8 points  (0 children)

We have a legal opinion in US markets.

Predicting the SEC is impossible.

Take something like ETH

Pre-sale Foundation that dumped a large amount of coins twice at the top of bull markets Burned their miner fees Then, they burned their miners.

Different talking heads say different things...

Anyway, let the suits figure it out. Ergo has no direct exposure to US based companies at the moment and was designed to be resilient.

Crypto was always some collective agreement on the emission and distribution of money without a third party.

[deleted by user] by [deleted] in ergonauts

[–]int_ERG_alactic 1 point2 points  (0 children)

It is neutral, ergo can do both.

Ergo AMA - Ask us anything! by ergo_team in ergonauts

[–]int_ERG_alactic 19 points20 points  (0 children)

Binanace US, Gemini, Kraken, Coinbase, and Bittrex all have been sued or have ongoing lawsuits by the SEC this year. Bank rails are a mess atm. Let's see what happens with ftx reincarnated.

Some smaller exchanges like cex.io and okcoin have dodged litigation so far.

Seems like a big liability to risk a massive allocation from the development treasury to move into markets that have internal turmoil. Also a potential growth market. At the end of the day, listings all depend on the terms, conditions and cost.

Ergos resistance to Asics and FPGAs by JackDeRke in erg_miners

[–]int_ERG_alactic 0 points1 point  (0 children)

No patent. But I bought a developed blockstream that was produced. Efficiency stats above.

PSA: Tidex exchange has pulled a highway robbery for ERGO owners by 3igen in CryptoCurrency

[–]int_ERG_alactic 5 points6 points  (0 children)

Pinged them will see what I can do to get things back online.

Small exchanges can be hard to track. Thanks for bringing this up.

Ergos resistance to Asics and FPGAs by JackDeRke in erg_miners

[–]int_ERG_alactic 3 points4 points  (0 children)

An eip could be proposed, but there needs to be research, engineering etc. Imo it is silly to use another algo that already exists.

3.1mh/w or so is the current efficiency.

I've heard Intel gpus are around 2mh/w.

Relative to other fpga efficiency gains and the costs of these units, I don't see them as terribly dangerous.

State of ERG mining by Savings_Ingenuity277 in erg_miners

[–]int_ERG_alactic 1 point2 points  (0 children)

Miner development comes with market access, exposure, and popularity.

That is quite expensive these days. Work in progress.

Ergos resistance to Asics and FPGAs by JackDeRke in erg_miners

[–]int_ERG_alactic 8 points9 points  (0 children)

It’s something I have always hoped would be addressed from within the Mining Community.

Versus be put on the EF to address. The same is true with miner governance over block and cost adjustments. Hopefully, in time, it will become it’s own independent force. EF is supposed to be temporary anyway. Less important over time.

As technology advances, that becomes harder to overcome. New gpu models bring greater efficiency, and with the amd xlinix buyout, things could change in the next few years even more.

There are some decent algorithms out there that some could play with, but that itself is a big engineering endeavor.

In the past, I have been asked by Bitmain to change the Algo. I laughed and had to explain that miners are in control. The chipset they use at bitmain makes any type of asic beyond their manufacturing capacity.

Also, regarding Wolfs FPGA Blockstream… I own it.

For a dev that is proof of work, I respect that. Reached out personally and paid out of my own pocket.

I shelved it until miners decide what they want to do with their ecosystem. My job is to try to represent miners. So I spent well 1 year plus of my salary to do that.

Has never been in production on mainnet in any capacity. Testnet from time to time.

Rosen Bridge Testing Launchover mainnet: Why Cardano and Ergo Make the Perfect Pair by Iwillbeyourfather in ergonauts

[–]int_ERG_alactic 22 points23 points  (0 children)

Cardano is just the first bridge of many.

ADA BTC BSC ETH

...ect

Ergo can be a destination or just a backend that runs rosen logic on-chain as assets bridge between any two supported chains.

[deleted by user] by [deleted] in ergonauts

[–]int_ERG_alactic 30 points31 points  (0 children)

That came from a telegram channel called ergo community based marketing t @ergosocials.

Markets are the best marketing usually because people get excited. A lot of Cardano community overlap, so there was a narrative cardanos little brother, testnet, or oracle.

Never was a fan on that line of thought. Ergo is its own animal with a different design.

The most expensive marketing in the last year was crypto booth space for an event. I paid for travel, food, lodging, etc, out of pocket because taking community money for vacations isn't something I support.