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    Ethereum Gas prices on the MacBook Pro touchbar (updates automatically, open source script, link in comments)

    January 25, 2021

    Ethereum Gas prices on the MacBook Pro touchbar (updates automatically, open source script, link in comments)

    Gas prices on the MacBook Pro touchbar (updates automatically, open source script, link in comments)

    Posted: 25 Jan 2021 08:05 AM PST

    Ledger leak expands to 730K full names, 625K phone numbers and 540K home addresses when combined with other data leaks.

    Posted: 25 Jan 2021 04:03 PM PST

    DAOs & Token-based Governance is a fantasy.

    Posted: 25 Jan 2021 01:57 PM PST

    By twitter.com/verbine:

    "Stop emphasizing token-based voting; start focusing on assigning executive power. Even countries and big corporations fail to ensure wide participation by their "token holders" - instead they maintain strong executive bodies

    ​

    The crypto world has a fantasy about token-based governance. It goes like this: you want to have a commercial organization with a mission (e.g. a DAO). So you mint tokens that represent both shares in the profit and governance rights in the organization. Exactly like stock.

    ​

    Now, the token holders are shareholders, so the theory is that they are incentivized to steer the organization to success. Just like in public companies! Shareholder governance, isn't it great! But the actual world doesn't work this way.

    ​

    In public companies in the real world, shareholder governance is *not* how decisions get made. The actual decisions are made by the executive bodies. The CEO, the senior leadership, the VPs, sometimes the board.

    ​

    In public companies, shareholders are rarely called to make decisions, and when they are, it's mostly to elect executives. Executives are important: they're people in the know, with relevant skills, able to dedicate time and to wield power, and who are paid to do their job.

    ​

    This pattern is pervasive. In democratic countries, public voting is held every several years, to elect members of parliament (~ board members) or to elect executives directly. In countries with strong direct voting, you might vote on approving policy, but never on setting it.

    ​

    Executives are the ones setting policy, negotiating it, making day to day decisions. Their job is to be well-informed, to make data-based decisions, and to execute them. They are continually judged by the CEO, and the CEO is judged every several years by the token holders.

    ​

    Big organizations -- countries or corporations - always rely on the executives for all their operations, and only ask "token holders" for their input rarely, and on broad topics. Because token holders hold too little equity, they're not incentivized to be well-informed.

    ​

    So I don't get why DAO advocates spend so much of their time obsessing about voting works and how token-holder value accrues, and so little time specifying how the executive works. Many DAOs don't even specify an executive -- they pretend someone will take the mantle organically.

    ​

    If we keep pretending that token-based governance is a thing, we'll just keep designing dysfunctional systems that only serve as fodder for speculators. If you want to design tokenized systems that thrive, study how real-world companies work: they rely on strong executive bodies.

    ​

    Just to add: my point is not that real-world companies or state democracies have great governance. My point is that even in these big important systems, the "token holders" have little interest to participate beyond voting once every few years -- so surely your rinky-dink DAO...

    ​

    Also, to be clear, there are some promising suggestions for token-based governance that goes beyond the "direct token-based voting" paradigm. E.g.

    • Colony
    • Democracy Earth
    • DAOstack

    • Aragon

      and others. But most projects are naive...

    ​

    I see way too many projects and whitepapers and discussions that just assume as an axiom that vanilla token-based voting is a decent solution for governance. Instead, they should say "this is a hard problem, we'll use best-of-class solutions as they develop".

    ​

    Another point: you can try to design DAOs that don't have empowered executive bodies, but do have sophisticated voting systems that try to solve the paradox of voting. (cf. Liquid Democracy or Holographic Consensus.) I claim this is insufficient and that executives are necessary:

    ​

    Executives of a body can negotiate. They can set long-term plans and then adapt them on the fly. They are empowered to represent the organization. And they have this power in a legally-binding way: Politicians sign peace treaties before bringing them to congress.

    ​

    CEOs make offers to buy and sell companies, before bringing them to the board or shareholders (if at all). Executives wield dramatic power. They can be reprimanded for their actions -- but only after the fact. Empowered executives of this sort are necessary for organizations:

    ​

    If your DAO only makes decisions by voting-based governance, and if potential decisions are only "brought up for voting" rather than executed, then there are many modes of organizational action that are completely blocked to you:

    ​

    Outsiders cannot negotiate with an organization that does not have empowered executives that are allowed to represent it and make decisions for it. Iterating on policies becomes impossible. It's like trying to run a country with a parliament without a government.

    ​

    My rule of thumb: if your token governance design, or your DAO, does not have executives, i.e. people who can take binding actions first, and only be punished after the fact, then you've designed a dysfunctional governance system.

    ​

    One good example of a system with empowered executives is Colony, which is designed to allow people to make empowered binding decisions first, and then to later suffer the consequences if they angered the group. I wish this concept was more widely used.

    ​

    Also: DAOs today already do have executives. They're just self-appointed, unofficial, de-facto executives, but no duty of fairness, nor checks&balances, nor the right to officially represent the org. Today's DAOs are not free of executives, they just have dysfunctional executives

    ​

    You can speculate that this trend will get fixed with time by better governance methods, eliminating de-facto executives. But I suspect executives are here to stay, and you must choose to either design them into the system, or to deal with dysfunctional de-facto executive bodies.

    ​

    To see why you need to design executive power into your DAOs, just look at the power-jockeying that happens when a DAO is lacking a defined executive. In the end, a bunch of players all try to grab power, and often the worst players, or the ones with foreign interests, win."

    TL;DR

    Voting on everything is simply a huge waste of time and hinders productivity. Hierarchies are an efficient method for progress.

    "I have called this shareholder meeting to vote on reimbursing Lee from accounting for a taxi fare from last Wednesday."

    — No CEO, ever.

    submitted by /u/halebass
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    ‘We consider ETH to be a growth asset’: Galaxy Digital is launching a suite of Ethereum funds

    Posted: 25 Jan 2021 08:53 AM PST

    If Bitcoin is 'digital gold', what's Ethereum?

    Posted: 25 Jan 2021 01:51 PM PST

    Ethereum-Based ConsenSys Quorum Partners With China’s BSN Blockchain

    Posted: 25 Jan 2021 06:48 AM PST

    Kyber 3.0: Architecture Revamp, Dynamic Market Maker (DMM), and KNC Token Migration Proposal

    Posted: 25 Jan 2021 07:46 AM PST

    Looking for a bit of advice

    Posted: 25 Jan 2021 06:34 PM PST

    So I know nobody knows 100% what the markets will do but I've been investing in BTC since early 2020, and have a bit of experience with stocks too.

    Finally did my DD on ETH and like what I've read up on so far, just wondering what you guys opinions are on when would be a good time to buy?

    Thinking of selling a bit of my BTC for Ethereum on Trezor and am not 100% sure when would be a good time or if there's a better way. Thanks for any and all responses!

    submitted by /u/Scarf_Darmanitan
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    OpenZeppelin are hiring ⚡ Join our remote global team to protect the open economy: ��‍�� Human Resources Lead �� Full stack Ethereum Developer ��️ Events Marketing Manager �� Project Manager - Security Services ��‍�� Security Researcher

    Posted: 25 Jan 2021 12:27 PM PST

    Did some research, saw some different opinions, got more confused than I was before, please explain like I'm five.

    Posted: 25 Jan 2021 05:20 PM PST

    I'll keep the questions simple, since I read some in the offcial website, saw some pools posts and ETH youtubers megabull posts and they got me confused:

    1. Is EIP 1559 good or bad?
    2. What are the chances, from 0 to 10, we get a huge delay/black swan event/some kind of GET WRECKT experience in the launch of 2.0 that could derail ETH and debunk it from TOP 2?
    3. What are the chances, from 0 to 10, we get a hardfork that could confuse people like the BTC BCH shnenigans?
    4. In case of any fork or whatever, from 0 to 10, how worried should I be about the ETH I keep on my coldstorage?

    Thank you guys a lot!

    submitted by /u/Ubique008
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    Defi Oracles in a Clash? Deep dive of Chainlink vs. Band Protocol

    Posted: 25 Jan 2021 12:08 PM PST

    Biometric authentication + decentralized finance = more convenient, secure, and cheaper?

    Posted: 25 Jan 2021 01:18 PM PST

    Things that can be hacked/stolen/duplicated:

    • Email
    • Password/PIN
    • Card Numbers
    • even SSN and other info critical for id verification

    Instead of relying on recovery code and long wallet addresses, what if Ethereum could always link to same address for each person specific to their face, fingerprint, and voice combined?

    One identity based wallet for transaction, more wallets for holding/staking which would be only movable to/from the identity wallet?

    Just really tired of criminals copying CC from gas station, possible photocopying when I let the cashier swipe my card/check DL, stealing my mailbox, exploiting convenient one click shopping system on amazon with my login info that got hacked some old random site that never warned me.

    Now I have two factor every time I log in, txt or authenticator, but it's also very possible that I could lose access to my original phone...

    submitted by /u/Drewafx
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    Paradigm CTF (Capture the Flag) Competition!

    Posted: 25 Jan 2021 12:04 PM PST

    NASDAQ Opinion Piece - Why Tokenized Finance is Finally Ready to Fulfill It's Promise

    Posted: 25 Jan 2021 02:49 PM PST

    How to create your own ERC20 token without any coding knowledge, and why coinstructor.io is 6–7x cheaper in gas than any of similar services

    Posted: 25 Jan 2021 07:03 AM PST

    Guide: How to avoid gas fees with Loopring L2

    Posted: 25 Jan 2021 04:45 PM PST

    Coinbase Says Institutional Investors Are Increasingly Spending Money on Ethereum (ETH)

    Posted: 25 Jan 2021 07:29 AM PST

    Ethereum Cat Herders Update #37

    Posted: 25 Jan 2021 12:34 PM PST

    YOLO v3, Berlin & difficulty bomb update, network upgrade survey in Eth1.0, first eth2 update, client status, 1559 implementers meeting & new resources, EVM 384 & BLS curves discussion, EIPIP meeting, ECH, EEA Education series, and community updates.

    https://medium.com/ethereum-cat-herders/ethereum-cat-herders-update-37-6426664c4c02

    submitted by /u/poojaranjan19
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    Has anyone used Set protocol? How was your experience (Details below)?

    Posted: 25 Jan 2021 09:22 AM PST

    If you did try investing via tokensets.com, What was your experience like?

    For 1 Ether

    1. How much did you lose on withdrawal fees?
    2. How much did you lose on transaction fees as you have send it from one wallet to another.
    3. How much did you lose on gas?

    Overall gains % = ______________

    Overall loss% = _______________

    I'm sure it'll vary, but I'd like to get a gist of it.

    I was really excited to try it out and see how things worked, but I've had couple of bad experiences while trying new platforms, and would like to know things before hand.

    Any decent review is highly appreciated :)

    submitted by /u/EmphasisDesigner
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    Seven tips for navigating this crypto bull market | Bankless Market Monday

    Posted: 25 Jan 2021 04:03 PM PST

    I created an NFT time capsule. Feel free to contribute whatever you like!

    Posted: 25 Jan 2021 01:27 PM PST

    Aave's Interest-Bearing aTokens on Matic Network

    Posted: 25 Jan 2021 11:41 AM PST

    Beware of YT scammers

    Posted: 25 Jan 2021 11:34 AM PST

    Just a head's up to say that someone is trying to usurp the Ethereum Foundation identity to scam people of their ETH on yt: there was a livestream restreaming excerpts of the Devcon Two (https://www.youtube.com/watch?v=gF827pJqqMQ - video just removed) and they redirected to this site https://vitalikbuterin.ceo/ (!!WARNING THIS SITE IS A SCAM)... Beware folks!

    submitted by /u/Crashtest777
    [link] [comments]

    Possibilities of borrowing on Ethereum, similar to real world borrowing?

    Posted: 25 Jan 2021 05:53 AM PST

    I'm just wondering if theres any protocols or mechanisms that act more like real world borrowing than I can currently experience in DeFi? That is, with my experience I put up some collateral (e.g. ETH) and then borrow e.g. DAI. The problem being that I kind of need to have money to borrow money.

    In the real world I can put up my house as collateral, or what would probably be more normal (where I live) is to prove you have some sort of stable income, but not necessarily the money right here and now.

    Has this been mimiced in DeFi? Anyone exploring this? Any tokenization of real world assets (like my house), or perhaps contracts to mimic paychecks from your employer?

    Thanks for any insight!

    submitted by /u/TragedyStruck
    [link] [comments]

    What happens to staking post eth2.0 launch?

    Posted: 25 Jan 2021 08:12 AM PST

    Currently you stake, coins locked up and you receive rewards for that. When eth2.0 launches, can you stake and unstake at any time?

    Also, people are saying staking can be 10-5% return, but when eth2.0 launches couldn't that rate drop down to like 1 or 2%?

    submitted by /u/Neocarbunkle
    [link] [comments]
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