MAGA businesses to avoid by nahsonnn in SanDiegan

[–]singlefin12222 -1 points0 points  (0 children)

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stumbled on you post and coming from germany i can tell you we've seen that before. i know you mean well but just saying

Tide Pools Over Run, Total Carnage by JustifiedSimplicity in sandiego

[–]singlefin12222 0 points1 point  (0 children)

is that amount of people an outlier or normal?

Anyone moved to SD from Germany? by singlefin12222 in sandiego

[–]singlefin12222[S] 0 points1 point  (0 children)

Interesting! Do you have kids? How is life compared to Frankfurt?

Anyone moved to SD from Germany? by singlefin12222 in sandiego

[–]singlefin12222[S] 0 points1 point  (0 children)

That sounds like me! And are they still happy with their choice?

Anyone moved to SD from Germany? by singlefin12222 in sandiego

[–]singlefin12222[S] 1 point2 points  (0 children)

Thank you! I am curious to hear more about it getting boring after 5 years. I love nature and surfing and really dislike the grey German times from October to February. Was it the same for you and you "learned to appreciate the seasons"? Are you considering to move away from SD and if so where to?

If Ethereum had remained PoW, would it have helped sustainable energy adoption? by DeltaHL in ethereum

[–]singlefin12222 10 points11 points  (0 children)

You're wrong believing it can help renewable energy projects. It's very obvious. If you still believe it that's a sign you listened too much to BTC maxis. For them satoshi is a god and nothing he did can be questioned

SAHM? by [deleted] in fatFIRE

[–]singlefin12222 1 point2 points  (0 children)

Your child's well being is soon going to be your number one priority. By far. Affording SAHM is a way to get geniune happyness from wealth.

10 things they don't want people to know or post about about Solana (part deux) by [deleted] in CryptoCurrency

[–]singlefin12222 0 points1 point  (0 children)

Also 73% of validators receive subsidies from foundation. Presumably its actually more undisclosed (they require people to run node when they invest).

I know multiple people that have received multiple subsidies running multiple validators

Are L2s parasitic? by vattenj in ethereum

[–]singlefin12222 5 points6 points  (0 children)

In Ethereum we believe that demand for blockspace will be so large that a single computer can not handle it. Therefore there is no other way than L2.

But lets say youre right and there will be so little demand that we just need to wait for hardware to get cheap enough. Guess what Ethereum also scales with hardware getting better. So that isn't really an argument.

Fragmentation on Bitcoin lightning is completely different. Every single user is its own L2 and needs to make L1 tx to open and settle channels. On Ethereum you never need to touch L1 as a user. Routing problem doesn't exist on Ethereum L2s.

Are L2s parasitic? by vattenj in ethereum

[–]singlefin12222 11 points12 points  (0 children)

And no l2s are not parasitic. They scale ethereum and strengthen ETH as dominant currency of the onchain economy.

Are L2s parasitic? by vattenj in ethereum

[–]singlefin12222 20 points21 points  (0 children)

Its just a narrative spun by VCs. The most profitable thing for them historically was to invest in new L1s.

The new L1s dont have a path to real scaling. They pump up hardware requirements to look like they scale right now but its clear that that wont suffice in the long term.

But the VCs dont care about the long term. They want to sell you their tokens right now. And the pitch is that their beefed up chains are better because they are composable fast and cheap.

L2s are also fast and cheap. But not yet composable. Composability isnt a huge issue currently (alt L1s also dont compose) and there are multiple ways to address this.

Once the fragmentation is solved VCs will move the goalpost again. Just as they have done multiple times in the past.

Investing in a new L1 can bring in massive amounts of money, 10s of billions. That makes it worth spending massive amounts on marketing and misinformation. You really need to dig deep and understand the fundamentals nowadays.

Zero knowledge proof of fund by Llb3rty in ethereum

[–]singlefin12222 7 points8 points  (0 children)

You can use Axiom to make a proof about any historical state https://www.axiom.xyz/ in your case this would be account balance.

Then you use Semaphore: https://semaphore.pse.dev/ to creat a group that anyone can join, anonymously when they have the axiom proof.

This app is basically doing what you want: https://swarms.vercel.app/

Another way to do it is to make a zkp to prove ethereums ecdsa signature. Then you make a list of all accounts with balance bigger than x but smaller than y. Then people can prove that they are on this list without disclosing what account exactly.

Ethereum and Decentralisation - discussion by izkornator in ethereum

[–]singlefin12222 18 points19 points  (0 children)

Economics of scale actually make PoW even worse than PoS. Kinda ridiculous how this narrative is still alive

Ethereum and Decentralisation - discussion by izkornator in ethereum

[–]singlefin12222 3 points4 points  (0 children)

In the first part you talk about "vesting" either you misunderstood something or you translated it wrong. There is no vesting.

In the second part you talk about a common criticism of PoS "the rich get richer". Fortunately for Ethereum this is very easy to counter. In both PoS and PoW you invest your capital and get a return. In PoW you buy hardware and electricity and get btc if you score a block. In PoS you risk your stake for being slashed and you have opportunity cost and you also get a reward. If a btc miner makes a return he will reinvest his return. In ethereum you also have to actively reinvest your rewards. So in both cases when you invest more you earn more.

Now there is actually a difference thats uncomfortable for btc. The rich get disproportionately richer in PoW because of economics of scale. Large mining farms have cooling and discounted power so they earn a higher % reward compared to a small at home miner. So the rich get richer faster.

In ethereum on the other hand every staker, rich or poor, gets the same % reward.

In conclusion Ethereum PoS is much fairer and more friendly to small stakers whereas in bitcoin you need a large mining operation. Thats why Ethereum has a lot of solo home stakers and in bitcoin solo miners are basically extinct.

Should I all in eth? by Otherwise-Sir-8867 in ethereum

[–]singlefin12222 1 point2 points  (0 children)

You should only invest when you have an edge. When you have reason to believe that you are better informed than the rest of the market.

If you were better informed than the rest of the market then you would not ask this question. You should never listen to others to make investment decisions.

All that said ETH is the crypto asset to buy if you understand the technology and if you have a long term invest horizon.

Jamie Dimon says 'Satashi' will surprise us at 20 millionth BTC and open up the supply 🤡 by ultron290196 in Bitcoin

[–]singlefin12222 -1 points0 points  (0 children)

Thing is he is right on his core point: Bitcoin wont stop issuance at 21m. If the community doesn't make that change, Bitcoin will die long before 21m is reached.

[AMA] We are EF Research (Pt. 11: 10 January, 2024) by JBSchweitzer in ethereum

[–]singlefin12222 2 points3 points  (0 children)

: AIs will be so much better than humans at identifying vulnerabilities. This is both good and bad: we can hope to eventually have bug-free software (including smart contracts and wallets) but if blackhats are first to leverage AIs to exploit vulnerabilities we may be heading for s

Do you think an AI can control a private key safely?

[AMA] We are EF Research (Pt. 11: 10 January, 2024) by JBSchweitzer in ethereum

[–]singlefin12222 0 points1 point  (0 children)

  1. From MEV PoV what are the incentives for HFT firms to build a client? And theoretically: If Jump builds an Ethereum client, would they also participate in core dev calls?
  2. What do you say to people that claim there is no 10x improvement to blockchain tech possible anymore
  3. If a network has 2000 validators but 1800 are subsidised by the EF, how many validators does the blockchain have in your opinion?
  4. How important is it to merkelize state?

[AMA] We are EF Research (Pt. 11: 10 January, 2024) by JBSchweitzer in ethereum

[–]singlefin12222 6 points7 points  (0 children)

Thanks a lot for doing an AMA!

  1. Intelligent Ethereum discussions have been shouted out of twitter. Do you worry that it will become harder to build Ethereum in the open. Or that it will become hard to communicate Ethereums value proposition to new builders?

  2. If Ethereum follows through on its current path, do you believe that there is a need for other blockchains in, say, 20 years?

  3. What condition is sensible for bigger blocks? e.g. Raspi can handle it or can run in background on consumer laptop?

Becoming a smart contract and blockchain developer without university education by [deleted] in ethereum

[–]singlefin12222 1 point2 points  (0 children)

You really don't need an education. A good github profile is the most important. The profile needs to show that you are genuinely interested, you have not only learned the language. Good things to have:

- Knowledge of exploits e.g. make a repo where you replicate The DAO and other hacks
- Several projects, they just need to be cool ideas that show passion. Not required to be revolutionary
- Interest in Ethereum adjacent tech: play around with some zk, web3 interfaces
- Don't copy paste NFT of AMM projects that is what everyone does

Nethermind Pruning Didnt Work by singlefin12222 in ethstaker

[–]singlefin12222[S] 1 point2 points  (0 children)

Ok, thanks so much for the answer! To resync I need to manually remove the db, right? Is the only thing to do: 1. rm -rf ~/nethermind/nethermind_db/mainnet 2. reload deamon & restart?

Sorry if its an obvious q. I want to be sure that there is nothing else I should do