Ethereum Tweetstorm by Vitalik in defense of Virgil Griffith

I tried to find out how this is supposed to even work as a stable coin but i couldnt find quality information. MakerDAO / Dai tokenomics of how it maintains the peg is very well documented and explores risks etc in great length.

now Synthetix is on the scene, they promise a stablecoin and not only that but to be able to utilise it to use dollars, stocks and bonds and i also believe even trade them. this is part of their roadmap. however if it was ever used to trade stocks it might be labeled as a security.

Ripple and the interledger protocol can do the stocks / bonds integration as its a value transfer protocol, it doesnt currently but but the ILP can be used for that at some time one day, but they have been hit being labelled a security with law suites etc.

so i see Synthetix trying to do two things provide a stable coin but also act as a bridge asset between different assets.

from my research thus far, im not convinced as there is little in depth technical discussion online on how it achieves things.

TLDR

I guess this is a biased question as my own post comes in with a confirmation bias.

so that being said.

what are your thoughts on Synthetix? pros / cons?

submitted by /u/Neophyte-
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can I verify an email address through an Ethereum address?

Posted: 01 Dec 2019 06:02 AM PST

I want to sell my medium resolution art work for some Ethereum via places like opensea. I want to offer the buyer my high resolution images. I'm looking for ideas to verify buyers email address via Ethereum addresses. some sort of proof the eth addresses owner. the person would buy my medium resolution images but I want to email that person my high res images but I don't know how.

submitted by /u/ItGoesDrip
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Should Eth2 have dynamic staking requirement adjustment?

Posted: 01 Dec 2019 12:54 PM PST

The cost of running an ETh2 node is independent of the amount of Eth staked (electricity, networking, and hardware costs don't care if you have 1 ETH or 100 staked)
The amount a node operator makes is a % of the staked amount.

With those points in mind, it would seem to me that node operators will be more profitable if there are higher staking requirements.

For example, if it costs me 0.2ETH a year (at current prices) to run a node, and the staking requirement is 4 ETH,
I might only make break even (depending on the actual % return rate and how much Eth is staked in all of Eth2).
But if you doubled the stake requirement to 8ETH you've now doubled the return that node operators receive while not changing their costs.

It would be interesting to talk about some protocol consensus method for adjusting the staking amount. It seems like most protocol discussions are about having a certain amount of ETH staked, but I think the number of nodes should also factor in as well.

Raising the stake amount would lower the number of nodes but it might actually allow nodes to be run in areas of higher electricity/network/hardware costs and be more decentralized.

People who want to stake but do not have enough ETH to run their own nodes could still pool their stake with other node operators so they would not be excluded by higher staking requirements.

submitted by /u/mightypenguin07
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How can we as non-lawyers follow Virgil's case?

Posted: 01 Dec 2019 12:17 PM PST

submitted by /u/HodlDwon
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Question about claiming Stakes

Posted: 01 Dec 2019 03:37 PM PST

Take the following situation. There is a master node that as staked 34 eth. There try to make a double spend transaction. I noticed what they are doing. How do I call out the fraudulent node?

Do I need to stake eth to be able to call out other nodes?
Do multiple people need to verify the transaction is fraudulent.
Will there be certain setups where people solely go around finding false transaction, like bounty hunters?
When will the payout of the stake eth be distributed to the finders? Next Blocks?

Thanks in advance

submitted by /u/jacklejaden
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EY Reveals Tokenization Addresses on Ethereum's Public Blockchain

Posted: 01 Dec 2019 10:07 AM PST