3,770 karma · joined June 15, 2010
[ my public key: https://keybase.io/gst; my proof: https://keybase.io/gst/sigs/-vez5ahYjj47RuQTVggRLZIC1T4hi2GuTnIdw4Z5rHc ]
Their HQ seems to be located in London.
I'm not sure if there are any legal or regulatory issues that would prevent stablecoins from getting those certifications. Tether definitely looks sketchy, but USDC has regular audits with public results.
As far as I know the two largest stablecoins (Tether and USDC) do not pay any interest. The interest that some exchanges pay on stablecoin balances is because they lend them out and/or use them as collateral. But that does not have anything to do with the stablecoin itself. If VMFXX was tokenized on the blockchain it would be used in exactly the same way.
I'm referring to coins that are staked by validators in a proof-of-stake chain. The "other side of the trade" is not someone borrowing the coins, but are the transaction fees on the chain and for some chains also the artificial inflation (due to newly created coins).
There is risk involved, but not traditional counterparty risk (when excluding the exchange itself), as nobody is "borrowing" the coins.
Staking itself wouldn't be a problem. There would be some risk involved in case of technical problems (for example due to Slashing on Ethereum), but in overall that risk should be relatively small. Exchanges could still hold all of the coins, but just use some of the coins for staking (if users owning the coins opt-in to staking).
The problem occurs when exchanges lend out stored coins without the approval of the user: Either to lend them for shorting or to invest them into something that they assume would appreciate faster.
The simplest approach for crypto exchanges to prevent bank runs would be to not lend out or trade with deposits. In fact, that's what some exchanges have always been doing (or at least are claiming to do).
What is the reason for proxying through Cloudflare? Are there any bandwidth limits or performance issues when directly serving those files from GitHub?
5 years of security updates. Still only 3 years of guaranteed Android version upgrades: https://support.google.com/pixelphone/answer/4457705
In the past I've seen that argument a lot when it comes to Google's Pixel phones. But nowadays Google uses their own chips, yet a new Pixel 7 that you buy today will still only get guaranteed major Android version upgrades until 2025.
With Bitcoin that would be relatively straightforward: Just ignore the UTXO because the incoming funds are clearly separated from any preexisting funds.
But with Ethereum that's different due to the account-based approach: What's the impact if those funds are intermingled with preexisting funds on the same Ethereum address? Is it now unsafe to spend any of those funds or can existing funds be spent as long as the minimum balance doesn't fall below the amount of sanctioned funds?
Also what's the impact in terms of taxes: Could there be a situation where Redox OS needs to pay taxes on those 299 Ether but at the same time is not able to disburse them? Due to the high crypto volatility this could become a headache quickly: Imagine having to pay taxes for this year, but then due to the sanction only being able to actually sell those Ether in a later year when the price could be potentially a lot less than the tax liability.
Instead of something like RGBRGBRGB for the subpixels the subpixels are layed out as RRGGBBRRGGBB (in both dimensions). So while those additional subpixels provide some additional information (either brightness information or a different exposure time for HDR) in terms of color information the sensor would still be pretty much limited to 12MP. Based on the reviews that I read in the past Quad Bayer sensors seem marginally better than comparable regular sensors (48MP Quad Bayer vs 12MP regular), but nowhere near as good as the MP number makes them look like.
My understanding is that it's even worse than that, as the 48MP sensor isn't a regular sensor but a Quad Bayer sensor. While there are some benefits over a 12MP sensor, based on what I've read it seems that the image quality is more comparable to a 12MP sensor than to a 48MP sensor. So cropping to 2x would match a 3MP sensor.
That's currently the main reason why I'm planing to keep my 12 Pro a little bit longer. A 2x lens seems more useful than 3x to me and if the assumption above is correct the 2x quality on the 12 Pro should be better than on the 14 Pro. Unfortunately I haven't been able to find a lot of discussions regarding this topic, but there's a YouTube video that comes to a similar conclusion: https://youtu.be/u9sJb_E6h5E?t=588.
There are programmable SIM cards available that allow you to install an eSIM from a QR code. Those SIM cards can then be used in any phone that doesn't officially support eSIMs: https://esim.me/
As far as I know Chinese carriers don't support eSIMs for smartphones yet. I'm not sure if Apple would have been able to legally ship eSIM support in China, but even if they would be able to do that it would be an additional cost for a feature that nearly none of their customers there would use.
I don't think that this is always the case:
For my eSIM at T-Mobile US it was as you described: The QR code appeared to be a general QR code and T-Mobile seems to have recognized my phone based on the IMEI that I configured previously. But for my eSIM at another European carrier that I'm using each QR code appears to be different and at no point in the process the website asks about an IMEI.
That's cheap. My Austrian provider charges 1 Euro per 100 KB when roaming in Canada (no - that's not a typo). So for 10 GB that's a cheap 100k Euros.
Wouldn't it be in Solana's interest to continue being used as collateral? Why would anybody continue accepting Solana-based collaterals if funds can be seized at will?
I can totally understand the mindset of investing some amount today but not wanting to have to care about that investment for the next X years. Especially with the high volatility of crypto currencies.
Basically every time the prices increases by X% sell Y% of your investment and don't touch the remaining part unless it is X% higher than the previous peak at which you sold. This ensures that you're realizing gains on the way up, but still benefit if the price continues to climb. In addition what I like about that strategy is that it takes emotions out of investing: Decide once what your parameters for the strategy are and then just strictly follow it, whatever happens. It's a lot easier to stomach a 90% price decrease if you realized a sufficient amount of gains on the way up.
I wouldn't buy at either price, but to me Bitcoin at the current $18k looks like a much more promising investment than a couple of months ago when it was $60k. Not only based on the price, but also based on the fact that a lot of players with risky business models are driven out of the market.
For comparison: If you invested on Jan 1 2020 into an S&P 500 index fund you increased your investment by 18% (based on the total-return index version of S&P 500 which includes dividends). If you invested the same amount in Bitcoin you more than doubled your investment and are still at +150% of your initial investment. I'm not saying that Bitcoin is necessarily a good investment in the future, but based on the large volatility in the past the current decrease in value doesn't really look concerning to me.
A stablecoin that backs its assets in the currency that the stablecoin issues (for example a USD-based stablecoin that is backed by US treasuries) won't be affected by any disruption in the market. An exchange that is fully backed and does not allow margin trading won't be affected either. Regular holders who hold their own coins or use responsible exchanges also aren't affected.
Yes - there's quite a bit of propagation. But all entities affected by that propagation didn't seem to have proper risk management and used business practices that work well when the market does well, but that fall apart in case of high volatility. Maybe I'm just biased because I'm not a fan of margin trading (and similar practices), but I don't consider it a disadvantage if an ecosystem is hostile to those types of business practices.
Is auto-liquidation a bad thing? It leads to more volatility in the short-term, but it seems that there might be long-term benefits of ensuring that players with unresponsible business practices will be forced out of the market.
"Traditional" crypto holders will be affected too (the value of their investment goes down while people are forced to sell), but this looks more like a temporary impact. As long as they don't trade on margin they won't be forced to sell and as long as they hold their own keys they are unaffected if exchanges are crashing.
From a "price" perspective the current events might be bad for the crypto ecosystem, but from a "health" perspective I think that they could be positive, as only the responsible players with healthy business practices are going to survive.