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    Ethereum Holders, why do you own ETH?

    August 24, 2019

    Ethereum Holders, why do you own ETH?

    Holders, why do you own ETH?

    Posted: 24 Aug 2019 12:06 PM PDT

    Share your reasons for holding ETH

    submitted by /u/ryanseanadams
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    Looking for a Blockchain Education? Connections? | Truffle University: The Inaugural Experience

    Posted: 24 Aug 2019 11:53 AM PDT

    We’re excited to announce PLONK, a new, efficient universal ZK-SNARK construction!

    Posted: 24 Aug 2019 12:59 AM PDT

    A blue check-mark NFT -- A fun experiment to show how Non Fungible Tokens can be used to represent badges

    Posted: 24 Aug 2019 10:08 AM PDT

    Libra-based 'SHC' = New SDR

    Posted: 24 Aug 2019 09:10 AM PDT

    As predicted, central banks are now pursuing a potential Libra-like network to govern over an SDR-like basket of fiat currencies as the world further transitions off of the USD as the global reserve (as was laid out in Carney's rather historic speech yesterday). The likely path would be to first convert fiat currencies into CBDCs (central bank digital currencies), which would then be added to a weighted basket controlled/governed by a Libra-like network of central banks where each bank runs a node and thus sets global monetary policy (one bank/nation = one vote).

    IMO, this is not merely a significant validation of blockchain but a complete re-ordering of the global economic order to be fully based upon it!

    Here are some excerpts from Carney's speech: (source)

    "Carney suggested a number of possible replacements to the dollar, most notably, a digital currency supported by an international coalition of central banks.

    'It is an open question whether such a new Synthetic Hegemonic Currency (SHC) would be best provided by the public sector, perhaps through a network of central bank digital currencies.'

    Technology can disrupt the current network effects that protect the dollar, he explained, noting that an increasing number of transactions occur online and use electronic payments rather than cash."

    Also a Zero Hedge article with a bit more flair.

    submitted by /u/cjdew
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    Ethereum Core Devs Meeting 69 Notes

    Posted: 24 Aug 2019 06:33 AM PDT

    Any good online community with an EU focus for Ethereum

    Posted: 24 Aug 2019 06:46 PM PDT

    Hi I'm interested in what the European eth community specifically is up to. Does anyone know any forums or websites that are specific to Defi/Ethereum stuff in that region?

    submitted by /u/tryerOfallthings
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    Lending ETH in a true decentralized way

    Posted: 24 Aug 2019 06:02 AM PDT

    The ROI per year is very low for ether for example in compound. I have noticed that of course the best interest rates are offered for Dai or other erc20 stablecoins.

    What's the best platform that offers the best ROI for ETH?

    And by best I mean fully decentralized where you control your funds at any moments like Compound.

    Someone tried to lend ETH at a good APR? How was your experience?

    submitted by /u/Faghe
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    ProgPow Tied to a String of Investment Fraud

    Posted: 24 Aug 2019 05:22 AM PDT

    Hello everyone,

    No introductions - let's get into the information.

    ProgPow

    ProgPow is a mining consensus change proposal for Ethereum that was recently accepted by the team.

    ProgPow was authored by Kristy Leigh-Minehan, the CTO of Core Scientific.

    Last year (Q4 2018), Core Scientific held an offering looking for $250 million in investment (they've been in existence for less than a year).

    The broker for that offering was Tripoint Global Equities LLC (https://www.tripointglobalequities.com/). Tripoint's offices are located exactly where One Horizon Group's are (1450 Broadway 26th Floor, New York, NY 10018, USA).

    A book can be written about Tripoint Global Equities LLC (Core Scientific's broker) and the fraud that they are involved in:

    1. Department of Enforcement v. TriPoint Global Equities LLC et. al (2019)
    2. Hamilton Play Ticket Scheme (2016)
    3. Fined yet again by FINRA in relation to their role in the PPM of Advance Entertainment II LLC (2018)
    4. Fined yet again by FINRA (Boswell; he's very often cited with fraud in relation to Tripoint) For Failure to Conduct Due Diligence

    Calvin Ayre is Going to Get Even Richer From ProgPow

    If you weren't aware, Squire Mining signed a sweet deal Core Scientific (creators of ProgPow) for the hosting of "blockchain cloud computing assets"

    This came, almost simultaneously, with the announcement thatCalvin Ayre would be receiving 80 million common shares in Squire, with 827 million non-voting participating shares.

    ​

    Conclusion: Core Scientific Just Pimped the Ethereum Network with ProgPow

    1. Core Scientific is labeled as an "AI" company, but mining is their specialty - and their bread and butter.

    2. ProgPow, which was developed by Core Scientific, is designed to be "ASIC resistance" and to strongly favor GPUs.

    3. When it comes to mining, people don't really rent ASICs, they rent GPUs.

    4. Before ProgPow is even accepted (officially) by Ethereum, Core Scientific was brokering multi-million dollar deals with Squire Mining to vastly expand their cloud mining services (https://www.globenewswire.com/news-release/2019/06/04/1864234/0/en/Squire-Enters-Into-a-Binding-Letter-of-Intent-With-Core-Scientific-for-Hosting-of-Blockchain-Cloud-Computing-Assets.html)<—-Are they lucky gamblers? Or did they more than likely know beforehand that this would be accepted?

    ​

    End result is that Core Scientific has a cloud mining empire just in time for Ethereum to switch to ProgPow, which will essentially drive a horde of customers (en masse) to use their services since they have partnered with Squire to create a virtual monopoly.

    submitted by /u/Randomshortdude
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    The District Weekly — August 24th, 2019

    Posted: 24 Aug 2019 07:06 AM PDT

    Introducing StablecoinSwap - a DApp which allows you to swap stablecoins without slippage

    Posted: 23 Aug 2019 08:02 PM PDT

    Today we're proud to announce Stablecoinswap.io.

    Stablecoinswap is an Ethereum DApp which allows anyone to swap stablecoins without slippage. Currently, supported stablecoins are DAI, USDC, TUSD and PAX.

    The exchange rate is set by the oracle which allows trades to be executed without any slippage. No matter what the order value is, be it just $1 or $100,000, the price will stay the same. As long as the contract has enough liquidity, the order will be fulfilled instantly.

    Anyone can also deposit liquidity into the contract to earn trading fees. Anytime a swap happens, the user pays a small trading fee. Currently, the fees are set to 0.3%. For example, if the exchange rate between DAI and USDC is exactly 1.00 and you exchange 100 DAI, you will get 99.97 USDC and the 0.3 USDC is the trading fee earned by liquidity providers and the platform.

    No slippage means you'll get a better exchange rate

    Slippage is a big issue on DEXes and it's currently not possible to exchange even moderately larger sums on decentralized exchanges without high slippage. Which means the exchange rate you'll get will be paying a high premium relative to centralized exchanges due to the worse exchange rate caused by slippage. See examples below as of Aug 23, 2019.

    Spread comparison:

    Uniswap spread on TUSD-USDC for 10,000 TUSD: 16.8% - buy 10,000 TUSD -> 11,098 USDC, sell 10,000 TUSD -> 9,233 USDC

    Kyber spread on TUSD-USDC for 10,000 TUSD: 4.23% - buy 10,000 TUSD -> 10,211 USDC, sell 10,000 TUSD -> 9,779 USDC

    Stablecoinswap spread on TUSD-USDC for 10,000 TUSD: 0.6% - buy 10,000 TUSD -> 9,987 USDC, sell 10,000 TUSD -> 9,927 USDC

    Of course, it's a bit unfair to make this comparison given that Stablecoinswap has only 2,000 USD in total liquidity right now. However, if it had even just 10k liquidity for each token, this is what you'd get. Uniswap currently has 274,400 USD in liquidity on TUSD and 205,118 USD in USDC but it still suffers from a large 16.8% bid-ask spread.

    For liquidity providers:

    Unlike Uniswap, which forces you to deposit not only the token but also an equal amount of ETH, Stablecoinswap allows you to deposit only the token itself. Meaning that you don't have to be exposed to the exchange rate of ETH. And since the exchange rates are set by the oracle, liquidity providers also don't suffer from arbitrage losses.

    The contract is open source and has been verified on Etherscan: https://etherscan.io/address/0xc1ad68c43508dd5addb8d0ac0927dbe752d149d6#code

    Currently, the contract has about $2,000 worth of tokens in DAI, USDC, TUSD and PAX of our own funds but anyone is invited to deposit more into the contract to earn fees. Feel free to play around with it and tell us what you think!

    https://stablecoinswap.io

    submitted by /u/gonchs
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    Are you a dev looking for dapp experience? Mintable is expanding

    Posted: 23 Aug 2019 10:49 PM PDT

    Question about ENS (Ethereum Name System)

    Posted: 23 Aug 2019 10:54 PM PDT

    Users are allowed to renew for a year or for longer periods (100 years etc).

    But are we allowed to make it self funding as part of a DAO which collects ether from users of a dapp?

    Saw a similar question on stackoverflow but it was unanswered.

    u/nickjohnson could you answer this please

    submitted by /u/cryptowank
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    Can Ethereum sub address owner be tied to the main wallet address through an algorithm?

    Posted: 23 Aug 2019 05:56 PM PDT

    I've noticed that creating one Ethereum wallet means you have a bunch of sub addresses you can access with the same private key/seed. Can these Ethereum sub address owner be tied to each other and the main wallet address through an algorithm or something technical tool?

    submitted by /u/ynotplay
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