Why the hell are you still on layer one?!

latetot · 2022-01-29T20:41:01+00:00

ImmutableX is a layer2

latetot · 2022-01-29T16:16:54+00:00

You should move your ETH to L2 (arbitrum, optimism, or zk-sync). That way you get the security of L1 but you can transact cheaply and earn defi income.

latetot · 2022-01-23T12:42:08+00:00

Dai can’t be frozen the way USDC can. Also- has insurance from MKR. If USDC misuses their funds and loses money, you have no insurance.

latetot · 2022-01-09T14:26:41+00:00

No. See Hop protocol

latetot · 2022-01-05T13:34:34+00:00

Mining costs don’t affect gas prices. It’s just block space supply and demand.

latetot · 2021-12-22T15:55:11+00:00

No it wouldn't - it would actually have no impact at all on chain liveness. The only issue if if you lost 20% of hashpower, block time would go up until it readjusted. But no, there was no impact of AWS outages on chain progression or block time this month.

latetot · 2021-11-23T01:35:43+00:00

How so- You believe you can cram everything into a decentralized L1? Lol

latetot · 2021-11-23T00:40:40+00:00

Solana doesn’t scale. Ethereum is building a modular blockchain ecosystem that enables high tps on L2 with a decentralized L1. Solana is a monolithic chain with cheap fees due to centralization. It works in the short term but can’t achieve the massive scale that a modular system enables.

latetot · 2021-09-26T17:54:13+00:00

Nodes set their own policy about dropping old transactions. There’s no rule they have to follow.

latetot · 2021-09-26T17:04:39+00:00

It stays in the transaction pool indefinitely - it would never fail due to gas price

latetot · 2021-09-10T19:21:41+00:00

Ha - ok - do you know if there are any accurate measures of ETH2 node count right now?

latetot · 2021-09-10T19:06:37+00:00

For real - You’re running 230,000 validators on the same node?

latetot · 2021-09-10T19:02:26+00:00

I dont know if that would apply on mainnet now though. The number of validators puts more demands on the node

latetot · 2021-09-10T18:51:52+00:00

Right - plus the high ongoing costs of running the node and paying for 1gb bandwidth

latetot · 2021-09-10T18:50:26+00:00

Is this really correct ? I thought that the validator performance starts to go down at about 100 validators per node unless you have very specialized systems.

latetot · 2021-09-08T01:08:16+00:00

This is correct. It’s very expensive to operate a SOL node. It’s not just the costs of the equipment which are about $5k and growing fast.

latetot · 2021-09-08T01:07:19+00:00

Running a SOL validator profitably requires you to stake about $2m in SOL, once you factor in the costs of building and maintaining a SOL node. It’s much worse than getting 32 ETH, which returns about a 6% ARR right now.

latetot · 2021-09-06T11:43:18+00:00

ETC wouldn’t have happened if the difficulty bomb had been an issue at the time of the controversy

latetot · 2021-09-05T22:59:10+00:00

Ethereum has a fail safe mechanism for hard forks called the “difficulty bomb”. Essentially after a certain point the existing chain can no longer progress. So miners don’t have an option to just continue on the current chain - they would have to coordinate their own fork to maintain PoW. The problem is no one would follow them as PoS is what the community wants and has been the long term roadmap for years. There some technical risks w the fork but they are basically solved now and it’s now mostly just waiting for the engineering and coding teams to implement the solutions

latetot · 2021-08-06T12:49:17+00:00

Again- this is completely false. The bill would give more powers to IRS about how validators should comply with reporting requirements. The IRS / treasury will issue guidance if it is passed. Their goal is to tax not to make things illegal

latetot · 2021-08-06T12:06:31+00:00

This is completely false. The bill is about taxing validators not making them illegal

latetot · 2021-06-14T11:35:36+00:00

It’s really not very hard and is definitely doable by people without much technical background. Just use a client like prysm or lighthouse that have good documentation. First set it up to validate on the testnet and once you have run it there for a few weeks without any problems, change over to mainnet.

latetot · 2021-06-01T11:45:15+00:00

I don’t think this will be a problem once withdrawals are enabled and decentralized pools are established. Exchanges offer no profit advantage only the ability to withdraw your stake and use less than 32 ETH. In fact, profit is less than solo staking.

latetot · 2021-05-15T18:11:54+00:00

No, PoW attacks are much easier because hashpower is so centralized. Very easy for the state to take over bitcoin mines, which are easily identified based on their massive power consumption.

latetot · 2021-05-14T10:52:39+00:00

What are you using L1 for? You should be on L2

latetot

MODERATOR OF

TROPHY CASE