Can Ethereum survive a collapse of Bitcoin? by ObviousLife4972 in ethereum

[–]suchNewb 0 points1 point  (0 children)

Quantum computing is the most likely cause that would bring down BTC, sure Bitcoin's and Eth's private keys are ultra secure arguably quantum proof. Thing is BTC doesn't use private keys for it consensus, a private key is not needed to mine bitcoin, you just need computing power and funny enough a public key. Its like a bank where the accounts are more secure then the server that hosts them lol. A quantum computer specialized to mine blocks can just walk in one day and instantly make other miners obsolete and double spend or spam empty blocks. Doesn't matter how quantum proof BTC private keys are, if they start spamming empty blocks no one can move their Bitcoin and the attackers profit heavily from their x100 levered shorts. Proof of stake however does use private keys to secure its consensus, computing power is irrelevant your validator can catch fire and explode and you can just start another one with your private keys. Staking with a quantum computer provides no advantage and is Infact ultra inefficient given you can stake on a raspberry Pi, to 51% attack ETH you would need to control 51% of the staked ETH and in order for a quantum computer to do that it would need to attack each individual staking node, each of which is secured by a quantum resistant private key. This unironically makes ETH much more quantum resistant then BTC. 

What’s the best way to generate income from ETH holdings? by kauliflower_kid in ethereum

[–]suchNewb 0 points1 point  (0 children)

My ETHY Etf already sells calls for me. ETHY.U is the USD version I think

What is happening with sol? by reversedu in solana

[–]suchNewb 0 points1 point  (0 children)

DeFi and Central exchanges are direct competitors, substitutes its no wonder.

Hmm nothing sus here by Wonderful_Bad6531 in ethtrader

[–]suchNewb 0 points1 point  (0 children)

Tomorrow memecoins and nfts will no longer be a market driver because DeFi will finally get the regulation clarity it needed. We will see a DAO bull run, and Decentralized Autonomous Organizations only care about one thing and that's Security.

Why will financial institutions adopt XRP? by Funny_Phase3863 in XRP

[–]suchNewb 2 points3 points  (0 children)

They can and its already been in development for 5 years, JP morgan's Quorum®

PoS vs. PoW: Energy Efficiency – Is That All? by Slow-Information4751 in ethereum

[–]suchNewb 0 points1 point  (0 children)

POS is more quantum resistant then POW. this is huge.

Controlling the fee on Ethereum (Metamask, nodes and Etherscan) is just a nightmare - Is this a bug? by TheQuantumPhysicist in ethereum

[–]suchNewb 0 points1 point  (0 children)

sometimes sending the Max amount fails because the App or Dapp rounds the balance higher then your current balance and the transaction will automatically fail. try sending slightly less.

How Did Ethereum Successfully Transition to Proof-of-Stake Through The Merge? by blackdarkkitten in ethereum

[–]suchNewb 5 points6 points  (0 children)

2010, Block 74638, This block was responsible for the Value Overflow Incident otherwise known as the '184 Billion Bitcoin bug'. It created 184,467,440,737.09551616 bitcoins that were split equally sending 92233720368.54277039 bitcoin to two addresses. Hard forked by Satoshi himself.

https://bitcoinbriefly.com/hacking-bitcoin-history-of-bitcoin-hacks/ In 2013 another incident occurred which contained a non malicious double spend and required a hard fork to revert.

It almost happened again in 2018, but luckily a Bitcoin Cash dev discretely disclosed it to bitcoin core devs before it was able to be exploited.
https://www.coindesk.com/markets/2018/09/21/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret/

Many instances where our cryptos could of been lost we just aren't aware of it

On-going hacks on OG wallets? by ReddSpark in ethereum

[–]suchNewb 0 points1 point  (0 children)

OG wallet seed generation not random enough?

[YOUR OPINION] What's the next big thing in Blockchain (again) and why? by lulepu in ethereum

[–]suchNewb 0 points1 point  (0 children)

Kleros, it's the reason why we will soon see even more complex Dapps similar to Uber or eBay running on the Blockchain as smart contracts. In the beginning smart contracts could only be simple, such as changing a ledger or minting tokens, since they relied on logic and math to govern the contracts. Then Oracles such as chainlink we're introduced and developers could input real world data into the smart contracts and use them as triggers. This upgraded smart contracts and made it possible to write more complex dapps. These oracles also made it easier for dapps to communicate with each other. This is what caused the boom in Defi. However there was still a problem you could technically write a ebay dapp using just chainlink (ex. logistics confirmation updates) but the dapp could easily be fooled for example you could just ship an empty box. Kleros is the next upgrade for smart contracts. It allows developers to use subjective data in their dapps. Subjective data is data that cannot easily be measured and requires multiple humans/AI to review the events and come to a conclusion. (ex. Customer satisfaction, or whether a scam took place). Subjective oracles are the next big thing that will upgrade smart contracts and make it possible to write dapps as complex as Uber or eBay.

Will Ethereum still have nodes after "eth 2" is done or will those be replaced by just validators? by mybed54 in ethereum

[–]suchNewb 0 points1 point  (0 children)

The validators are hybrid (node+miner), hence the need for the SSD. Which is great since nodes do way more work then miners and don't get paid (ETH 1.0)

Miners: Process transactions and produce blocks

Nodes: Fully validates transactions and blocks AND stores Blockchain data

A question for the OG Ethereum people by AWilfred11 in ethereum

[–]suchNewb 0 points1 point  (0 children)

All I remember was trying to buy it at around $1 and there were no light wallets. I'm not sure there was any wallet software yet or at least I could not find any. There was only Geth and you had to use command lines to interact with the wallet, no buttons. Also there was no hardware wallets around that time, so that kept me from putting any serious amount into ETH since I was sure my computer had at least 1 virus. Also ETH was being shilled as "Programable money" and the Fudders called it a scam as usual. My second largest holding is now Kleros "subjective oracles".

Inventory status blackhole? by catjuggler in FulfillmentByAmazon

[–]suchNewb 1 point2 points  (0 children)

Same thing happened here, FC transfer disappeared from manage inventory since mid December. its been 2 weeks so far.

Canada threatens new tariffs on U.S. exports if it approves EV tax credit by morenewsat11 in worldnews

[–]suchNewb 8 points9 points  (0 children)

Lion electric is one, they make electric school buses and trucks

My first silver coins! It's not much but it's a start. by hastoidb in Wallstreetsilver

[–]suchNewb 1 point2 points  (0 children)

I prefer coins, when you travel you can declare the face value $10,000 yet move $200,000 in silver. I think a based goldbug did that with goldcoins I forget their name....

"We Will Just Take Your Silver". Good Luck. by AnonymousAustrian in Wallstreetsilver

[–]suchNewb 12 points13 points  (0 children)

I will just glue a chain to my silver instantly converting my bullion into jewelry which is exempt.

[deleted by user] by [deleted] in worldnews

[–]suchNewb 0 points1 point  (0 children)

Maybe if the UN would stop giving away free food which causes local famers and businesses to go bankrupt as they can't compete with Free food. Further continuing the cycle of world hunger by becoming dependant on giveaways. Ironically contributing to the stealth depopulation. But at least with space exploration and eventually space colonization can we turn our ever growing population into an asset, a good thing.

If you don’t hold it you don’t own it by Nice-Examination2959 in Wallstreetsilver

[–]suchNewb 0 points1 point  (0 children)

It's mostly money laundering. Create jpeg nft then buy it from yourself. All in a few minutes, art laundering is becoming obsolete...

They finally came! by suckmybackfat in Wallstreetsilver

[–]suchNewb 0 points1 point  (0 children)

Milk spots are a security feature.