What always surprised me is there aren't many implementations of multisig for EVM based chains.
Actually the only one I know is the Gnosis Safe. Talk about creating a huge risk if it would have a problem.
1,030 karma · joined February 25, 2023
Actually the only one I know is the Gnosis Safe. Talk about creating a huge risk if it would have a problem.
I believe the difference is that now it is really "in your face" because the internet is dominant.
The world of money/finance/banking always had a lot of money and the best thing they can buy are the people in charge. There are plenty of books explaining it decades ago and and I read a lot of them. 2008 was when it started to become mainstream for the first time, now it is free to read on substack.
The difference is also today we have an open battle between an old guard and the tech/crypto challengers, and it seems the newcomers have outbid the old guard in the current administration.
Should you side with WellsFargo/Visa/Mastercard or Circle/Tether/Strip ?
Yes Tether is shady and shouldn't be trusted, we've known for about 10 years (see articles and comments here on HN)
But guess what, look into most banks it is probably worst and connected to Epstein. The rabbit holes don't end.
Blame the mismanagement, corruption, deficit, debt that has been going on for a long time.
You can't rely on your national currency and will be left juggling between USDT, XAUT, Bitcoin and tokenized stocks on some blockchain and apps.
It is either this type of farwest or some enforced, worthless CBDC like they might do in the EU.
Once national currencies have been destroyed by decades of mismanagement there is no good solution.
My guess is since a global conflict is ramping up this is only the beginning and we are about to see some real damage.
It is fairly easy to create chaos in a country for a few weeks if you start disrupting the grid, payments or internet access.
I believe the fundamental problem of those protocols is everyone fear ending up serving child porn just by running a "node" and taking a chance at explaining the future P2P internet to a judge.
IPFS got a CID deny list [0] but it was too little too late
I think this is the huge battle GrapheneOS won with Motorola. There are probably a few manufacturers of phones unhappy or nervous regarding Google.
The next battle is really on the app front. Once a country says our government and bank apps need to run on the fork of AOSP then you will start to have a real alternative to the Google/Apple (and now Huawei) duopoly.
My guess is there are a lot of candidate countries for breaking out of the American/Chinese grab on every smartphones.
So in a way the future could look bright as long as we support GrapheneOS and Motorola.
Those kind of moves are petty but there are worst tricks they can pull unfortunately.
It seems Grapheneos is the rare actor willing to put up a fight nowadays, and their "partnership" with Motorola seems to be a first step. They need to ensure a hardware platform.
My guess is at some point they will have to fork AOSP, just because Google will take it in directions that go against Grapheneos principles.
Linux users don't rejoice too much, the Fedoras and Ubuntus were eating so much of my RAM I had to take refuge in Alpine.
Yes this is the core problem.
The grass used to be very green in the "first world" (North America and Western Europe) but it is now getting dangerously yellow.
Instead of asking themselves the hard question why the grass is getting yellow the people in charge try to prove it is fine by bringing cows (it is an image here) from the "the third world", and say look the grass is not getting yellow because those cows like it.
This is why you usually see the collapse of the rose-colored glasses effect in third generation of immigrants.
So yes the grass can still been seen as relatively green in Germany, but I have regularly traveled there for decades and I can tell you as an external observer the country looks like it is going to hell over time.
You get a similar effect with westerners going to East Asia. A lot of them like it very much there wearing rose-colored glasses and can't figure out why the locals believe the future is dark for them.
I am unfamiliar with "coldcard" but can hackers find out which wallet is used for which account? or maybe it can be inferred by analysing the transaction (if any)?
If the hackers do not know which accounts to attack first there is probably no need to panic right now.
When people create a wallet, the quality of the entropy and seed is always: I guess good, for now...
So far the only mitigation for that have been multi-signature but it has its own potential vulnerabilities.
My understanding is the next big Ethereum upgrade might include "Frame Transaction" [0] which will bring a "native multisig" capability to accounts so you can easily always have 2 addresses with different seeds origin to mitigate the risk.
I am working on my desktop or laptop, I get a power cut or the laptop battery run out, when I reboot the filesystem is unrecoverable and I loose 4 hours rebuilding the system and recovering from backup.
So it is not really about loosing recent files but the potential time lost (usually at the worst/busiest moment).
This is the one "modern" comfort that makes me hesitant to try.
I know for a fact that even the most powerful organizations are powerless to have some relatively unsophisticated group caught and put behind bar.
The idea we would need conventions to start acting is a joke.
We spend a lot of money on those threats and there is probably a ton of surveillance involved (satellites, etc.) but somehow there is not way to prevent 50k unsophisticated looters to literally take over your border on a summer day.
For it's own survival I would really advise Europe against starting a war with Russia. Because we can all imagine the pathetic debacle that we will have.
All those things are (externally) coordinated. We've been forced to believe by romanticized narratives that things like revolutions or invasions begins with one guy shouting and everybody following him and changing history but it is not. This behaviors only exist in bad history book or fiction.
Also isn't it strange that we've seen so many insurrections being started against trump in the last 10 years, but suddenly when he literally starts a war with Iran against the will of most of the population nothing happen?
Those are unarmed but aggressive foreigners. There are way to stop them entering your country in mass in a few hours without committing a massacre.
Western Europe has no problem using crowd control methods against their own people when they are protesting for good reasons (remember the gilets jaunes?).
But states like Spain are totally incompetent and corrupt. They won't hurt a few foreigners literally invading their country for the optics and do not care their own citizen get hurt as consequence.
I also had to move on for professional reasons and haven't kept up for a long time.
I am very surprised that there is not much traction anymore for Scala. I see about 10x more Clojure news or projects on Github so it is not just about the JVM...
Could someone point to why?
And this is not an earthquake, it happens every years at the same time.
It is too easy to blame climate change.
I have lived in risky area and fires are unavoidable at some point. But at least we had mandatory 30 or 50m wide breaks to really slow the spread.
Validators are low requirements, in the RPI ballpark and and a lot if them are combined on a single host.
Then you also need some full nodes to access the data or submit transactions. So you can consider them part of the core infrastructure and those have higher requirements in terms of bandwidth and speed/capacity of storage but also CPU. But still a mini PC is fine.
Let's say a bank have 10k employees, you already might need more computer power just with their "laptops".
Now Ethereum is a global network competing with all the network of banks all around the world. So you can do a quick calculation its footprint is magnitude lower.
Ethereum (since PoS) was designed to allow anybody to run a validator or even a full node out of modest hardware. The result is that the entire network probably has a smaller footprint than a single small/medium size bank.