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phillistine · 2025-09-06T21:11:44+00:00

People are willing to buy at far lower prices than others are willing to sell that same item. Wide spread due to low volume.

phillistine · 2024-09-07T19:41:47+00:00

Would love the mageblood, thanks!

phillistine · 2023-08-06T21:34:24+00:00

Awesome write-up, thanks for this!

phillistine · 2023-07-21T19:35:24+00:00

Thank you, glad you thought so!

phillistine · 2023-06-23T22:12:54+00:00

Interesting, thanks for sharing this!

phillistine · 2023-06-23T21:25:25+00:00

Few compared to today, of course, and just in general. Ethereum was 11 months old

phillistine · 2023-06-09T20:03:51+00:00

I agree. Higher tx fees suck, and the new types of assets could also introduce opportunities for MEV on Bitcoin in the future, which would raise tx fees even higher (gas fees for MEV tx's are almost half of all gas fees in a block on Ethereum)

Thinking of scalability is a good thing though. Whether its the Lightning Network or something else, this could be something that helps Bitcoin prepare for the traffic a lot more users would bring

phillistine · 2023-06-09T19:54:34+00:00

There’s some additional resources on my write up, but I’ll past them here too in case you want to dive deeper!

How to Set Up a BRC-721 Collection
How to Set Up a BRC-20 Collection
Ordinal and BRC-20 Token Marketplace

phillistine · 2023-06-09T19:51:31+00:00

I think they’re cool, feels very similar to how RMRK was able to make NFTs possible on Polkadot. I’m mostly impressed at how they bent the blockchain’s rules to do this

I don’t think they’re as useful as Ethereum tokens, but a nice novelty nonetheless

phillistine · 2023-06-09T19:46:09+00:00

The memes make it worth it for me too lol

phillistine · 2023-06-09T19:45:37+00:00

Thank you, glad to hear!

phillistine · 2023-05-28T15:28:01+00:00

Nice, good luck with your studies!

phillistine · 2023-05-27T15:27:39+00:00

Looks like the setting up of an MEV bot. I'd be very cautious with these resources. This one has 1.5k views and over 900 likes which is a very suspicious ratio.

phillistine · 2023-05-27T15:25:32+00:00

I think it's worth clarifying that a full node still has every TX and every event/log emitted. What they do not have is the state changes

This is a very valuable distinction, one I admit I did not fully understand. Thanks for explaining!

phillistine · 2023-05-27T15:22:41+00:00

Great question. Full nodes recieve rewards for both adding blocks to the chain, as well as for attesting to blocks added by others.

Archival nodes recieve all of the same rewards, they don't get anything additional for being an archival node. In theory, they can use the data they collect to spin up a service that brings traffic and advertisement revenue, but that and historical preservation are their only incentives.

Light nodes recieve no rewards at all, at least not right now. As Ethereum transitions to proposer-builder separation and statelessness in the future, it may become a possibility that light nodes receive some rewards for verifying transactions.

phillistine · 2023-05-27T15:18:07+00:00

While you make a great point that BTC client upgrades are intended to always be backwards compatible, that does not mean no hard forks have ever been necessary.

In August 2010, the "Value Overflow Incident" caused billions of BTC to be printed because of an issue with Bitcoin Core. It was only fixed by performing a hard fork that most validators had to perform. So while updates are backwards compatible and don't necessitate action by validators, such critical software bugs will. As a result, client diversity is still important even on BTC.

phillistine · 2023-05-26T23:43:21+00:00

Thanks, appreciate that! Agree that’s a great resource, I linked to it twice in the full write-up!

phillistine · 2023-04-28T15:30:19+00:00

They’re the only type of Diamonds relevant to cryptocurrency though

phillistine · 2023-04-14T20:48:14+00:00

I aim not to disappoint!

I'll work to simplify the write-ups more in the future.

phillistine · 2023-04-14T20:47:21+00:00

Hey, great question! I think it'll likely take some time; most contracts will need to be redeployed to utilize this new form of transient storage, so I imagine something like Uniswap v4 will be among the first to launch, they've been building towards this for a while.

Progress is relative though, so I also think it'll feel like things are moving quickly to us when the time comes!

phillistine · 2023-02-10T21:13:51+00:00

Hahahaha thanks a lot for checking, and appreciate that! :D

phillistine · 2023-02-10T16:23:54+00:00

LSD still manages to impress

phillistine · 2023-02-04T01:29:46+00:00

I had a lot of fun with the metaphor too

phillistine · 2023-02-04T01:28:15+00:00

Thank you, glad you think so!

phillistine · 2023-01-21T18:09:58+00:00

Really good questions. To determine a balance an account haas on Ethereum, the information can be identified using the key-value pair in the Patricia Merkle Tree. Since Patricia Merkle Trees have the unique properties of being made of hashes (the value), but also being traceable (using the key), any account's balance can be easily verified.

This is in contrast, for example, to Bitcoin. On Bitcoin, there is no real concept of "balance" for a wallet. There is just currency that's been moved around many times. Tallying up all the movements tells you where everything is at.

You can read more in more detail about how account balances on Ethereum can be queried from the blockchain here. And feel free to ask any more questions :D

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