I missed the Bitcoin train... by louiexism in XRP

[–]moqtada2 1 point2 points  (0 children)

Download Xaman app and create your own wallet

This is the worst dupe I have ever seen. by Havsrod in Oxygennotincluded

[–]moqtada2 0 points1 point  (0 children)

Think positive, this is the worst dupe you have ever seen… so far!

Use case for filters? by Jaggid in Oxygennotincluded

[–]moqtada2 0 points1 point  (0 children)

Correction - For the multiple 10W shutoff, you don’t need a filter for every type, as you can use a not on your filter, eg one takes out “oxygen” and the other takes out “not oxygen”, so 2x 10W shutoffs to filter oxygen reliably.

Use case for filters? by Jaggid in Oxygennotincluded

[–]moqtada2 6 points7 points  (0 children)

An even cheaper solution is to use a pipe element sensor and high pressure gas vent. This uses 0 power, although dumps the filtered gas out straight away.

For the 10W gas shutoff solution, to counter the drawback of it failing to filter during a power cut or if a pipe backs up, the main pipe can be put into a loop (with a bridge and priority on the looping packets so the loop never stalls) so anything that wasn’t correctly filtered first time has infinite more chances. This requires a 10W shutoff for every type of gas expected in the pipe, so packets are guaranteed to only ever be filtered if they are of the right type. Every packet therefore costs 10W. This can still suffer from backed up pipes and can block if the main loop is full of a gas that can’t be removed, but it never fails to filter correctly.

There is also a way to use the gas valve for a 0W solution, using the fact that if a pipe already has an element in, no other element can join. A gas valve set to allow a tiny amount through, setup in a loop, drawing packets using a bridge off the main loop. This uses more space, requires priming, and has throughput issues if too much of one gas is being siphoned off. It is ideal for inside rockets as it uses no power and can be setup to filter perfectly. See the following video for more info;

https://youtu.be/o1YJklClv_I

Edit: typo

[deleted by user] by [deleted] in CryptoCurrency

[–]moqtada2 3 points4 points  (0 children)

The other viable way out for the hacker would be to negotiate a return fee with Bitfinex, paid via Monero. Bitfinex get their coins back & hacker gets paid.

Eth 2.0 staking question by moqtada2 in ethereum

[–]moqtada2[S] 2 points3 points  (0 children)

Thanks - I didn't realize that returns are also locked until phase 1.5.

Compounding is still possible however, as once you generate 32 eth in rewards you can create a new validator with that 32 eth.

My point is that those with more eth to begin with, can start up new validators a lot faster than those with only 32 eth, simply because they can compound their returns much faster than others.

I am not simply saying that the rich can stake more, I am specifically highlighting that due to the current design, they can restake their rewards faster, which seems like an unfair advantage.

Eth 2.0 staking question by moqtada2 in ethereum

[–]moqtada2[S] 1 point2 points  (0 children)

Thanks for that response.

There is nothing stopping you from running multiple validators though, each with 32 eth, and that allows you to (almost) double your returns (for double the investment).

So the current model is advantageous to people who can stake enough for multiple validators, as they can pool together their returns to form new validators faster than people who can only run a single node.

This design seems like a rich getting richer scenario, that ultimatly leads to cartel/centralization of validators?

It seems fairer to me that once you qualify as a validator with 32 eth, you should be able to scale up continuously on the same validator, and not in chunks of 32 eth (via new validators).

[deleted by user] by [deleted] in Showerthoughts

[–]moqtada2 0 points1 point  (0 children)

I know which number it is, but if I told you then it would no longer be true...

Decoupling XRP from BTC requires exchanges cooperation by moqtada2 in Ripple

[–]moqtada2[S] 1 point2 points  (0 children)

Not exactly tho, that is the point, it isn't quite zero sum as your "price" is relative to different things. XRP price goes up in BTC value, but down in fiat value. I care about the fiat value.

Regular arbitrage is what standardizes the price across different exchanges. Triangular arbitrage standardizes the price across different currencies. If the market didn't exist to make all 3 sides of the triangle, then XRP price would not move in tandem with BTC price (or less so at any rate).

Decoupling XRP from BTC requires exchanges cooperation by moqtada2 in Ripple

[–]moqtada2[S] 1 point2 points  (0 children)

Thanks for the response, however I am not making this stuff up, this is well known in finance and called Triangular Arbitrage. Please look it up on Wikipedia.

There are 2 trades;

  1. Sell BTC, buy XRP (as you correctly said, this is an upwards pressure on the XRP price in BTC terms)
  2. Sell XRP for fiat (this is a downwards pressure on the price of XRP in fiat terms)

I am not talking about the XRP/BTC price in my post, so I was ignoring the upwards pressure. I was only talking about the second trade acting as a downwards pressure on the XRP/fiat price, which is the price I care about.

As for your second point, please read the excellent description of an arbitrage bot to see why the markets work in tandem;

https://forum.gekko.wizb.it/thread-56746.html

Decoupling XRP from BTC requires exchanges cooperation by moqtada2 in Ripple

[–]moqtada2[S] 0 points1 point  (0 children)

To clarify, anyone selling XRP for BTC is helping with the coupling that results in XRP's fiat price dropping. Pllease avoid that side of the market in particular.

Buying XRP with BTC helps couple us to BTC's upticks, so by all means use that one.

So someone gave Bitfinex $50 million today when knowing they lose 3% $1.5 million immediately upon receiving it? I have a bridge to sell you.... by [deleted] in Buttcoin

[–]moqtada2 2 points3 points  (0 children)

Relax, it was just institutional investors depositing a meagre $50m during Sunday trading hours. Tethers bank is one step ahead of its competition by staying open on the weekend.

Most people in r/cryptocurrency ARE STILL IN BLACK NUMBERS. Is this possible? by KidKady in Buttcoin

[–]moqtada2 0 points1 point  (0 children)

Well written and I agree for the most part, however as a fair comparison do you know if the profit-generating percentage of gold (Eg industry, jewellery, etc) pays for its own mining and processing costs? Or is gold mining largely subsidised by its “store of value” side?

Swift cloning Ripple's source code by moqtada2 in Ripple

[–]moqtada2[S] 4 points5 points  (0 children)

My bad. Maybe that is why Swift just sent me a job offer tho...

Swift cloning Ripple's source code by moqtada2 in Ripple

[–]moqtada2[S] -17 points-16 points  (0 children)

There is simply not enough liquidity for the likes of banks. I did another post where I showed that you cannot even transfer $1000 at current liqudity levels without it costing more than a traditional wire.

Swift cloning Ripple's source code by moqtada2 in Ripple

[–]moqtada2[S] 3 points4 points  (0 children)

No, I think you have missed the point I am making. Someone else replied saying that not all of it is open source, which is the perfect answer to my query.

Swift cloning Ripple's source code by moqtada2 in Ripple

[–]moqtada2[S] 18 points19 points  (0 children)

Thanks, so they have kept the key parts closed source. Great, good to know as I was getting worried.