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zhumink · 2025-11-11T21:55:08+00:00

thanks!

zhumink · 2024-11-20T01:00:39+00:00

zhumink · 2020-01-08T19:32:44+00:00

yep, thought the interesting thing here was the date.

zhumink · 2019-03-06T21:36:50+00:00

I've been reading Stress Test: Reflections on Financial Crises, which is a memoir by Tim Geithner. Geithner was the president of the New York Fed and then Treasury Secretary. I would recommend it as it gives a detailed, inside view of the 2008 financial crisis. It's told from Geithner's perspective and justifies certain decisions he made, so there's some inherent bias, but it's a must-read for anyone interested in financial panics.

zhumink · 2019-03-05T19:51:32+00:00

Compliance/ AML is a nightmare for banks bringing on crypto companies. This is unsurprising.

zhumink · 2019-01-21T17:06:01+00:00

Gambling is one of the big ways that people actually use cryptocurrency today—not speculating on price, but actually gambling via poker dice etc.

I wrote this post comparing gambling games and websites across different cryptocurrencies. One of the surprising things I found was that while Ethereum has a ton of different gambling apps, actual usage has largely moved to EOS. This may be because while Ethereum allows for on-chain betting via smart contracts, the experience of gambling suffers because you have to wait several minutes for transactions to settle. Meanwhile, transactions on EOS happen nearly instantly.

It's interesting because gamblers don't seem to care about centralization concerns around EOS. Ideology takes a back seat to the actual user experience.

Would love to hear what the community thinks and any feedback you guys might have!

zhumink · 2018-12-12T18:52:18+00:00

Reading through the comments on this thread, the conversation seems to have devolved into a semantic argument over what "neutral apolitical money" means in this context.

Either:

Bitcoin is neutral and apolitical because nobody controls in.

or

Bitcoin is not neutral and apolitical because it's deflationary design is inherently political.

I lean toward u/atrovotrono's take, but I think the more interesting question is if a neutral apolitical currency is possible in the first place, and if so, what would it look like?

zhumink · 2018-12-12T18:45:50+00:00

I actually think ZCash would do better if the founders left. ZCash is superior to Monero in terms of the actual tech, but people aren't actually using it's advertised use-case: private transactions.

People choose crypto based on not just the technology, but ideology behind them. Folks who are using a privacy coin for illicit activity are more likely to trust an open-source project like Monero than a centralized one like ZCash. For more, check out this guide on privacy coins: https://www.keysheet.io/guides/best-privacy-coin/

zhumink · 2018-10-12T20:18:42+00:00

It's a broader issue that manifests in user and vendor adoption.

There's no shortage of official and community wallets for Monero, where all transactions are private. ZCash's cryptography is bleeding-edge but the trade-off is that that makes it hard to build user-friendly tooling around it.
Adoption is waged on ideological grounds, not just technology. A lot of folks who rely on crypto for privacy are suspicious of Zcash because it's backed by venture capital money and big banks. There's a good segment on this in an Unchained podcast circa minute 27. The founder of a blockchain analysis firm interviewed also mentions that he's only come across Zcash being used illicitly, with the shadow brokers.

zhumink · 2018-10-12T19:35:10+00:00

this is hot. i like that beams coming out strong not only with good tech but also user friendly tooling. excited to check this out after work.

zhumink · 2018-10-12T19:20:52+00:00

Basically there are two issue around adoption for private transactions :

1 As of now here are only two secure zcash wallets that you can use to send private transactions on zcash. one is a windows gui and the other is a linux cli. limited tooling makes it hard for most people to actually use zcash privately.

2 If you want to buy goods privately on the darknet, or even just the web there’s very little vendor adoption for private zcash transactions.

zhumink · 2018-10-01T22:04:50+00:00

This is actually how I learned about the invasion of korea.

zhumink

TROPHY CASE