2,634 karma · joined February 23, 2010
The Catalan and Basque independence movements, however, have been successfully contained by Spain. They lacked external support and could not compete with the strength of state suppression. If a neighbor ever chooses to get involved we might see independent Basque and Catalan countries.
It's brain rotting and emotional content that should be socially treated like a drug, keeping viewers addicted to drama and outage.
Like with Ossetia, Abkhazia, Transnistria, &c the central actor is Russia, not the regions themselves.
Where's your ETH?
Evenly sprinkled between StarkNet, zkSync, Arbitrum, and the thirty competitors that will pop up in the next few years.
None function with anonymity by default and you can't sell or even transfer most of these memberships.
I wonder if part of the divide on the "utility" of NFTs involves "internet native" culture (assuming the reality of pseudonyms without need to pierce the veil and use a real name).
There's an emotional state associated with having paid money, sometimes a lot of money, for something which makes you want to get something in return. That something can be as simple as collective discussion of the art you bought, or propagation of its image into the real world through murals and commissioned derivatives.
It doesn't have to be a speculative interest in re-selling, though I agree that most people entering the space are exclusively interested in the latter.
You can make synthetic assets which track prices of e.g. stocks. There are a few different protocols in this space, such as https://synthetix.io/. The biggest hurdle, I think, is regulatory -- is it legal to make and trade derivatives of $synthIBM and trade it like derivatives of $IBM?
I think this is a misunderstanding of what happens when a collection is created through a platform like Art Blocks. The generative code is frozen on chain, every minted image has a verifiably random initial seed, and each image is generated from the composition of these two elements. The number of random seeds which can occupy an "official" slot is preconfigured and cannot be later increased.
I promise you that this has significant impact on the feeling of working on generative art and what you think of as the final outcome of an art project. It cannot be replicated through some kind of ad-hoc receipt system that lacks algorithmic guarantees and is subject to modification or increase at any later point.
After a year of playing around with crypto I think I'm appropriately both skeptical and excited, which is hopefully a good starting point for non-trolling conversations.
You can choose one of ~20 different free RPC endpoints: https://ethereumnodes.com/
This doesn't include private or paid RPCs or just running your own.
I have found, in a year of intensive use and research around the Ethereum ecosystem, here are a few things I like that wouldn't really work without an underlying immutable distributed ledger:
1) Creating limited editions of generative art.
2) "Forever" art like on-chain pixel and ASCII art.
3) Frankenstein-like adaptations of traditional fintech constructs into a decentralized implementation, such as AMMs.
Also, the more I learn about the zk-rollup space (STARKs and SNARKs) the more curious I get about the possibilities there. You can, for example, have digital treasure hunts where whoever finds the treasure can generate a proof without revealing the location. So far this is just cool without having an obvious killer app, but more than anything else in the crypto space I think there will be killer apps emerging from this technology.
By volume, I agree with critics that it's mostly bubble-chasing, gambling, and scams. It might be healthier for everyone if the tech & art experimentation were walled off from investments. At the very least, we probably shouldn't have crypto exchanges advertising -- really nothing interesting comes from luring Main Street to buy and store Doge on a centralized exchange.
I think distinction is only meaningful as long as L2s remain a niche curiosity while the majority of transaction volume resides on L1. If the L2 plan succeeds and almost all volume passes through an L2 and one of the major L2s has a bug like in this post, then a large fraction of all ETH could end in the hands of hackers.
The ledger would accurately reflect the moment that a bad actor lifted e.g. 5-10% of the ETH supply off an Arbitrum or StarkNet bridge. Technically the L1 is uncompromised but a lot of money would be "redistributed".
But, as soon as money flows into the real world, they will need to figure out how to create and interface with traditional entities, or...like you said, it's very ICO-like.
But...the execution environment is still your web browser and non-animated Art Blocks NFTs still have a "preview" stored off-chain like most other. Neither running the code in your browser or retrieving the preview is an on-chain operation.
Does a recursive zero-knowledge rollup like Mina create a sufficiently small state to remove the need for client/server distinction?
- Solana - Cardano - XRP - Terra - Polkadot - Avalanche - Polygon
That's the majority of actual chains in the top 20, since many of the rest are tokens running on top of other chains (USDT, USDC, SHIB, BUSD, &c)
In general, starting a clone of proof-of-stake Ethereum is a very popular way to make a new chain.
As for the philosophical point, PoW isn't really different. It takes tremendous capital investment to produce enough hash rate to ever mine a BTC. These are all more or less systems in which the rich get richer and the not-rich get to gamble.