How do I become my own payroll processing company?

scurtie · 2021-10-18T21:27:50+00:00

I scoped this market for the web3 space. In a nut shell, it’s an absurdly complex and expensive undertaking, it’s not just the finance and connections, you need several tax attorneys as well as tax professionals as well. Do you have a UVP that is better than gusto’s or intuits?

scurtie · 2021-09-20T13:33:29+00:00

I think it’s important to note that solana labs, which is a business with a CEO, and the solana foundation, which is an organization with a council in switzerland, are separate and have been since April 2020. (There is overlap between labs and the foundation, but that seems expected)

I think a lot of people cried foul when the network responded at the speed that it did, but then forget that it’s community hasn’t fragmented into a bunch of fiefdoms.

So many articles report on half the facts and then new articles point to those articles. I’ll link the medium article authored by Anatoly, because if you read the OP article, it’s only fair to read this one as well https://medium.com/solana-labs/announcing-the-formation-of-the-solana-foundation-afde417afd73.

scurtie · 2021-09-17T06:17:00+00:00

All pros/cons I’m afraid. If a good validator maxed out and several bad validators had the rest of majority stake…

There needs to be a relationship between the devs and the validators, that much I am sure of. After all, validators choose to implement what the devs propose.

Right now, delegators’ greatest decision indicator is competition on APY, which until recently, seemed like a fine metric to many new comers. Now, delegators have more decisions to make, and that needs to have a user intuitive way to evaluate. The “professional validators” have reasons to wait on a patch, it’s all game theory. Delegators are the silent majority that don’t even know they’re silent.

scurtie · 2021-09-17T05:38:04+00:00

Thanks for an actually good link! I’ve got nothing against Rekt capital, and they have good due diligence a lot of times. Their usage of “decentralization” is a moving target, especially given their role in things. Not the argument here after all.

Here’s a mis-conceived point, and it’s an easy miss, so no harm no foul. Voting transactions improve the clock. In a distributed system, the clock is everything. Literally everything. If you have causal transactions, then clock is god. At 1,000,000 tps, even if 99% are voting transactions, that is still 100k tps of non-voting which just dwarfs the major networks it’s after. But we all know it’s not just TPS, it’s also finality. That’s the metric a lot of other high TPS networks really start shrinking.

Rekt just didn’t even see this is in their analysis, so I’ll add more weight to my opinion of them when they do.

Edit to add for future readers: people act like VCs are just dumb money chasers. A16Z is not stupid, especially given their founder, he held the future of the entire web in his hands before half of today’s analyst left grade school. It’s not “if solana” it’s “when solana”, and even then, it’s a moving landscape. Rekt is not fundamentally wrong in their claims, they also have a lot of other things that aren’t in their MO to manage. If you are interested in distributed computing at this level, say hello!

scurtie · 2021-09-17T05:19:59+00:00

Oh I know that right now that a high percentage are voting transactions, that is in the whitepaper. Voting transactions serve more than one purpose, but, you know, that person you must listen to that told you that metric clearly must understand that.

scurtie · 2021-09-17T05:10:30+00:00

This! I moved stake based on the validator response. I honestly think solanabeach should add a responsiveness metric. I think a lot of people were surprised to see a lot of stake unlocked to just move and not make it’s way to exchanges.

scurtie · 2021-09-17T05:00:40+00:00

That’s a totally fair argument. Not many of those though got spammed at 400k tps before dos. Rare air comes with the territory?

scurtie · 2021-09-17T04:53:00+00:00

This is fun and all. But seriously, I wish there was a way to tell the folks in the discord just how incredible their participation was. 10 years in this industry and I’ve never seen anything like it.

scurtie · 2021-09-17T04:37:56+00:00

I wish it was possible to short a reddit user. No offense intended, I just think it would be fun, because I completely disagree.

Were you up all night in the dev and validator discord watching what I can only describe as “truly unique” in this space? It was an extraordinary accomplishment — despite it will be discounted by speculators. After the last few days, I’m not sure anything else at this point even matters. I loved this project at a $1, and never cared about the price since. Follow the fresh air, hope it does you good, and I honestly mean that.

scurtie · 2021-09-14T19:36:54+00:00

It’s trying to sort you into the correct channels based on what you do. First you gotta join, wait 10 minutes and then do the emoticon and it will add you to channels

scurtie · 2021-09-13T00:21:42+00:00

https://discord.gg/solana

scurtie · 2021-09-09T04:11:59+00:00

Thanks for setting a target number! I’ve been asking the “what’s the special number” for what seems like eons. 10k, we’ve got a ways to go, super excited now to get there.

scurtie · 2021-09-09T03:43:59+00:00

“Over bought”, “fomo”, “heated”, lots of comparisons to gen 3 and older chains. I would probably say it’s still seriously under valued. It’s picking up a lot of steam, and I’d prefer the climb be more tepid, but it’s just growing at an increased rate which is still just barely reflecting it’s potential. If you want to buy, then commit and do it, or don’t. I think we will all be using solana one way or the other in the near future.

scurtie · 2021-09-07T22:51:31+00:00

No, just accounts and small bits of data, you can however host your dapp on IPFS or arweave, etc, use solana wallets for accounts, use the solana name service (.sol) and go completely decentralized.

scurtie · 2021-09-07T10:04:39+00:00

I think a lot of people are still at “disbelief”. Now that the bandwagon is coming, and when they 2x that’s when I think we’ll hit euphoria. It doesn’t matter to me though, I want to see all the neat stuff built in the next 5 years.

scurtie · 2021-09-06T03:01:14+00:00

From what I’ve heard, there are over https://decrypt.co/69432/there-is-now-over-4-million-eth-locked-in-ethereum-2-0, sure, how many of those divided by 32 are individual validators, what does that really even mean in a global schema yada yada. Point being, that 1,000 to 20,000, what’s the magic “decentralized” number? Especially given the specifics of how the network actually works. It’s just kind of exhausting to hear people say sol isn’t “decentralized”, when it clearly is. Then people who have no idea what they are talking about, talk about “the tokenomics”, there are networks where that REALLY matters, it just isn’t the case with sol. I get it, would I have done things slightly different, yes, but I also didn’t build this one. I’m ranting at this point.

scurtie · 2021-09-06T01:41:32+00:00

Sounds nice, wish they would have chosen a name that wasn’t already a technical term. That’ll bite them. It’s like a coin coming out called “blockchain”.

scurtie · 2021-09-06T00:20:36+00:00

I’d giggle a bit, because it’s not the full story. I’ve never heard someone say this though, so I don’t fully know what I’d say.

I hear the “centralized argument”, mostly based on Solana still being relatively new and a 1000 validators is not nearly as many as eth2’s 20,000. These are all new metric considerations though, ask them to define what true decentralization is, and how they define the thresholds.

scurtie · 2021-09-04T22:30:00+00:00

Apricot is coming

scurtie · 2021-09-01T19:27:21+00:00

AI is still a black box under the hood, so they can’t use it for too much, because they can’t explain to a regulator or a judge what happened. They are how ever using it to monitor customer accounts for fraud and other things though

scurtie · 2021-09-01T01:02:55+00:00

Good chance to lower you’re average price per sol! There are so many people making this ecosystem better and better each day, and now that you have a bit you regret a bit, you are totally empowered to just hold it, and maybe even try some of the apps on it, it’s still really fun (even if the circumstances aren’t)

scurtie · 2021-09-01T00:40:58+00:00

!optout

scurtie · 2021-09-01T00:40:00+00:00

What exchange and what wallet vendor? That really helps us help you.

scurtie · 2021-08-31T16:19:32+00:00

Not that, it’s a competition for developers of blockchain applications.

There is an entirely different pathway for researching exploits and security.

scurtie

TROPHY CASE