• Breaking News

    Sunday, March 7, 2021

    Home Unlabelled Ethereum EIP-1559 story on front page of Bloomberg! Author won’t #SayEthereum tho.

    Ethereum EIP-1559 story on front page of Bloomberg! Author won’t #SayEthereum tho.

    March 07, 2021

    Ethereum EIP-1559 story on front page of Bloomberg! Author won’t #SayEthereum tho.

    EIP-1559 story on front page of Bloomberg! Author won’t #SayEthereum tho.

    Posted: 07 Mar 2021 08:43 AM PST

    [2017-18] The original paper where I tried to explain the reasoning behind EIP 1559 as well as state size economics (the reason why we'll need statelessness or state expiry)

    Posted: 07 Mar 2021 11:12 AM PST

    Software Firm Meitu Buys $22M of Ether, $17.9M Bitcoin for Its Treasury

    Posted: 07 Mar 2021 05:02 PM PST

    PoolTogether has been the best thing to happen to me in the crypto space

    Posted: 07 Mar 2021 05:20 PM PST

    I put 35 DAI on Pool Together back in 2018 or something after a friend told me about it.

    Used ETH and swapped it on the site which allowed me to be eligible for the Uniswap airdrop!

    Sold all my XRP once the SEC suit was filed and decided to put it all on Pool Together. I won the jackpot on New Year's Day!!

    Finally the POOL token was airdrop and I got a decent amount of those based on my time and amount I've had on Pool Together. Sold most of it at $40+ per token.

    I would never even say I know what I'm doing. I just bought some BTC, ETH, and a whole wack load of altcoins back in 2017. It has worked out beyond my wildest dreams.

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

    Just bought my first blockchain domain today! Set it up as my "wallet-link" right away, the technology is amazing!

    Posted: 07 Mar 2021 10:16 AM PST

    Non-fungible Tokens with No Gas Fee

    Posted: 07 Mar 2021 08:56 AM PST

    With the current high gas prices, it can cost more than $50 to mint just one NFT.

    I am designing a website that will use xDai to create NFT's with no gas fee. The website will charge a flat fee of just $1 for each NFT.

    You can create NFT's to sell your products or services. For example, your NFT can include 10 hours of programming services. As each hour is used, the website will allow you to decrement the hours that are left on that token.

    NFT's can also be resold on this website. Before purchasing an NFT, the buyer will be able to see how many products or services are remaining on that token.

    What product or service would you sell using gas-free NFT's? Or would you use the NFT's for another purpose?

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

    Said clearly, without mentioning diversifying my portfolio, why should someone invest in ethereum instead of, let’s say, purchasing more BTC?

    Posted: 07 Mar 2021 04:19 PM PST

    Converting to eth

    Posted: 07 Mar 2021 01:37 PM PST

    Big holder in xlm thinking about converting to eth. Any thoughts or suggestions

    submitted by /u/peacetaker9500
    [link] [comments]

    Any smart contract alternatives?

    Posted: 07 Mar 2021 03:26 PM PST

    I'm trying to develop a dapp but the gas fees are making it impossible to develop a proper prototype - for now.

    I'm wondering, do any developers here have experience or suggestions for low cost smart contracts that work right now that are actually legit? I don't care about adoption, everyone knows ETH is the only whale in this space.

    Cardano has no support for oracles and that will most likely remain that way for quite some time. I've read about Algorand and Ardor. Any opinions on that?

    Does anyone know of any good smart contract coin that has low execution cost, scalable smart contracts with small feesandd has support for proper decentralized oracle networks?

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

    A fundamental question

    Posted: 07 Mar 2021 03:56 PM PST

    I am far from a math wiz, but I have put in some time researching Ethereum since I began buying Ether. My question is this: are the goals of eth investors and eth users diametrically opposed? As an investor, I want the price of The ether I hold to increase, thus giving my investment more value. But wouldn't it be better for users of the blockchain if the price of ether remained static or actually decreased? Can someone explain why I am a complete smooth brain for thinking this way?

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

    Gambling ERCs

    Posted: 07 Mar 2021 03:19 PM PST

    How does cross-project composability work for the upcoming L2 scaling solutions?

    Posted: 07 Mar 2021 05:16 AM PST

    I'm seeing a lot of hype right now as L2 feels like it's actually turning into reality but one area that I don't have a clear understanding of is how composability will work in this new L2-enabled landscape. Will we have a whole host of project specific L2 silos and we will incur L1 gas fees (and potentially long time delays, depending on particulars of L2) moving between them?

    Consider a possible defi use-case and let's imagine for this scenario that each project has managed to implement its own L2:

    1. Deposit ETH into MakerDAO via DefiSaver, incur L1 TX fees in, but once you are in there, fees are cheap. Can engage with DefiSaver automation tools on the cheap as well (yay!).
    2. Take a loan against your ETH collateral, incur L1 fees and potential time delay to get your DAI out of there.
    3. Take this DAI now sitting in your wallet and transfer to Uniswap, incur L1 fees to get in but once you are in fees are cheap. Swap tokens as you please, all fees here are cheap. Provide liquidity in Uniswap pools, also cheap since you are in Uniswap L2 silo.
    4. Transfer Uniswap LP tokens out of Uniswap L2, incur L1 fees and potential time delay.
    5. Take these LP tokens and transfer them to some other yield farming project where you can stake these LP tokens for further yield. Incur L1 fees to get into this other silo.
    6. etc etc.

    Am I misunderstanding how this is going to work? I still see a lot of L1 fees/transactions here. What am I missing about these magical L2 solutions? What if the market takes a downswing and I find myself wanting to move assets back into MakerDAO to reduce my C-ratio? Am I at the mercy of potentially slow L2 exit times or relying on some 3rd party service to advance me an equivalent amount within the desired L2 for a service fee?

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

    Ethereum 's EIP 1559 Fee Market Scheduled to Launch in July

    Posted: 07 Mar 2021 03:47 PM PST

    What are the best NFT sites for Musicans to sell their music?

    Posted: 07 Mar 2021 05:48 PM PST

    Hey Im looking at what options are the best to upload my music and a NFT. What would the best sites be and is there a benefit to using one site as opposed to another?

    submitted by /u/LooseLeaf03
    [link] [comments]

    Is it profitable to turn my own art into NFT's?

    Posted: 07 Mar 2021 11:43 AM PST

    First of all, I'm relatively new to investing, crypto and NFT's but I've been a digital artist for years. I'm still studying but I've done commissioned posters before and I've gotten a surprising amount of social engagement around my work on various subreddits as well as Instagram. Over the years, I've consistently designed posters in my free time, mainly centred around sports.

    I'm really interested by Ethereum and the sudden NFT surge (as I'm sure everyone is) but I've also heard about how discouraging gas fees and minting costs can be. At least on Rarible, the sports trading card section is dominated by one seller and the quality of their work is low, but the demand is high as they sell for thousands of dollars. It's a relatively small, niche part of the NFT market, but it's dominated by a couple of sellers who are making bank.

    Again, this whole NFT thing is extremely new to me, but I'd be interested in getting in as early as I can. I'm sitting on about a decade's worth of posters that do nothing but collect dust on my computer. You can view some of my work on my account, but I wonder how it would transfer to this marketplace, and whether it would be worth it or not.

    Whats the best way to sell your own art? Where? Is it worth it?

    I'm still having a difficult time understanding the basics, and where would be the best place to start. I'm clearly quite lost and I'd appreciate any help or feedback regarding this.

    Thanks

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

    Ethereum 2.0 vs Cardano

    Posted: 07 Mar 2021 11:08 AM PST

    I've seen a lot of people talking about new ethereum updates and how in the future ethereum will have lower gas fees, will be able to process more transactions, will be more scalable and will be proof of stake. These seem to be a lot of the reasons why people view cardano more favourably, especially since now Cardano has native tokens and will soon allow smart contracts. Does anyone know how Ethereum will compare with Cardano after this update happens?

    submitted by /u/Ok-Mechanic4463
    [link] [comments]

    Staking or yield farming

    Posted: 07 Mar 2021 07:47 PM PST

    I've been trying to figure out yield farming, but trying to figure it all out is really confusing. It seems like blockfi and nexo offer about the same as staking more or less 5% (if you stake on an exchange, they take a cut and so the results seem about the same). Can other methods do much better than that?

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

    Sent some Ethereum today

    Posted: 07 Mar 2021 07:26 PM PST

    So I'm a Hodler, I NEVER cut loose of anything, but for the sake of simplicity my brother gave my daughter a check at college and he said he's cool with 2 ETH (since his wife holds the checkbook)

    Knowing everyone is talking about gas prices I asked him what gas costs and his answer was 157. Not knowing what that meant I just said "Is that .0157 ETH?

    His answer was "a wei is 1 trillionth of a ETH so a Gigawei is .001". After a 5th beer mental calculation I found the real answer was YES.

    But It got me thinking, why do we have to make it so nerdy? Why do I have to make trillionth and millionth mental calculations during dinner just to send a few grand? 90% of the population forgot how to do an algebraic equation how can we expect them feel comfortable with transferring ETH.

    (Yes I know ETH is not really a personal payment method, but he is an ETH nerd and that was agreeable with me as a hodler)

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

    Someone just deleted a tweet they sold on cent

    Posted: 07 Mar 2021 10:07 AM PST

    Best resources for simpletons like me explaining all aspects of Ethereum and DeFi?

    Posted: 07 Mar 2021 12:38 PM PST

    I would like to deep a deep dive on everything Ethereum and DeFi.

    Are there any great blogs or resources that breaks everything down in a simple Explain It Like I'm Five kind of way?

    ​

    Thanks

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

    NFTs and The Creator Economy: The new "port of entry" for all internet media

    Posted: 07 Mar 2021 02:31 PM PST

    In his essay "1000 True Fans," Kevin Kelly predicted that the internet would transform the economics of creative activities:

    To be a successful creator you don't need millions. You don't need millions of dollars or millions of customers, millions of clients or millions of fans. To make a living as a craftsperson, photographer, musician, designer, author, animator, app maker, entrepreneur, or inventor you need only thousands of true fans.
    A true fan is defined as a fan that will buy anything you produce. These diehard fans will drive 200 miles to see you sing; they will buy the hardback and paperback and audible versions of your book; they will purchase your next figurine sight unseen; they will pay for the "best-of" DVD version of your free YouTube channel; they will come to your chef's table once a month.

    But the internet took a detour. Centralised platforms became the dominant way for creators and fans to connect. The platforms used this power to become the new intermediaries - inserting ads and recommendations between creators and users while keeping most of the revenue for themselves.

    Crypto, and specifically NFTs (non-fungible tokens), can accelerate the trend of creators monetising directly with their fans. Social platforms will continue to be useful for building audiences, although these too will be replaced with superior decentralised alternatives.

    However, the only problem with NFTs is that beyond the surface level idea, no one knows what they are or how they actually work. It's time to shine a little light on them, how they work, and how not to get scammed.

    What is an NFT?

    Everyone knows the analogy of NFTs being collectables. Unfortunately this analogy is woefully inadequate at best, and actively malicious at worst.

    NFTs as an umbrella term just means that each digital token on the network is unique. Each token contains a small bit of data that is unique to the token in question. That's it. They're just little data containers being shipped around the blockchain between addresses.

    Now, NFTs on specifically Ethereum (ETH) have a few data points that are unique to why anyone cares about them:

    1. NFTs have their creators address saved as part of the NFT. Likewise, the current owner of the NFT is public information as well.
    2. A royalty percentage can be programmed into the token. When the NFT token is traded at any time, between any two addresses for ETH or another currency, the royalty cut of that 'sale' will be redirected to the creators' ETH address.

    It's important to understand one more aspect of NFTs. They are very, very small. It's absurdly expensive to store real data on a blockchain, even something as small as a 64x64 jpg. Most NFTs are only going to have a few bytes of data stored in them. For example, a serial number or URL.

    In short, an NFT is basically a unique scrap of paper with a serial number, password, or web address on it.

    What NFTs are NOT

    They are not digital media. They do not store digital media on the blockchain. If you buy an NFT for some image or song, what you're really getting is a Token with a URL hosted on some random web server.

    NFTs do not prevent copying, alteration, deletion, or any other actions regarding any digital or physical thing they link to.

    NFTs do not inherently confer ownership over any assets they link to. NFTs are just unique tradable 'scraps' with a small amount of information scribbled on it.

    Why NFTs?

    There are three important reasons why NFTs offer fundamentally better economics for creators.

    1. Removing rent seeking intermediaries.
      Once you purchase an NFT it is yours to fully control, just like when you buy a book in the real world. There will continue to be platforms and marketplaces but they will be constrained in what they can change or charge because the ownership of assets shifts power back to the creator and users.
    2. Granular price tiering.
      In traditional models, revenue is generated more or less uniformly regardless of the consumers enthusiasm level. Crypto products can easily be sliced and diced into a descending series of price tiers capturing a much larger area under the demand curve based on consumers' enthusiasm level.
    3. Skin in the game.
      NFTs change creator economics by making users owners. Customer acquisition costs are reduced to nearly zero. Crypto has grown to over a trillion dollars in aggregate market cap with almost no marketing spend. It's been able to grow so efficiently because users are owners - they have skin in the game. It's true peer-to-peer marketing, fuelled by community, excitement, and ownership.

    How not to get scammed

    1. Buying an NFT for 'ownership' of a thing when the seller doesn't own the thing to start with.
    2. Buying an NFT for 'ownership' of a thing and getting non-exclusive rights, meaning the author can continue to mint infinite more NFTs of exactly the same thing.
    3. Buying a 'collectible' NFT and the collectible site, host, or system goes under.
    4. Buying an NFT for 'investment', only for that investment to have an exorbitant (50-100%) royalty fee. Meaning most of the proceeds of your investment go to the creator, instead of you, when you resell the NFT.
    5. Buying an NFT and having the url host of the digital media go down, or the host changes the url so your NFT no longer shows what you bought.

    Some other use cases

    1. Cases where a website, app, or game can interact with the NFTs directly to show you your unique content, as proof of ownership of that content, although enforced by the host. (NBA TopShot, CryptoKitties, Decentraland)
    2. They make a good 'proof of attendance' or historical proof type tokens, which you could be given for attending a concert, getting your covid vaccine as a proof. (POAP - The Proof of Attendance Protocol)
    3. Similar to #2, NFTs are perfect for digital ticket sales. They can't directly be copied and even if they're sold on a secondary market, the original creator will get a cut of it. (NFT.kred) However, there are ways to still 'game' this.
    4. They're great for money laundering. If you're buying some nonsense collectable picture of a cat on the internet, it's impossible to say you 'overpaid'. Here's a Nyan Cat NFT that sold for $600k, opening the door to the Meme Economy.
    5. Hedge against deep fake disinformation - we may need to use cryptographic signatures to prove origin or authenticity of a piece of content.

    And remember, these are not just collectors' items, they are programmable assets that any developer can remix. As developers build new contexts for NFTs to live, there will be compounding demand from creators to have their work included in this emerging metaverse and for collectors to flex their ownership rights.

    Check out r/mrsk for more content like this.

    submitted by /u/sk2977
    [link] [comments]

    ETH Wallet Suggestion?

    Posted: 07 Mar 2021 02:04 PM PST

    Serious question folks. I am diving into the world of NFTs (Digital art). I have chosen OpenSea.io for now since I am just starting. Now, on the sign up it asking me to select a wallet. It's giving me these options:

    1. Metamask
    2. Bitski
    3. Formatic
    4. Authereum
    5. WalletConnect
    6. WalletLink
    7. Arkane
    8. Dapper
    9. Torus

    I would have liked to see Coinbase Pro there but I guess it's not supported. Which of the above is good for folks starting out with NFTs? Any recommendations on safety as well?

    submitted by /u/lostsoul2016
    [link] [comments]

    does a decentralized game consumes gas ?

    Posted: 07 Mar 2021 11:10 AM PST

    as it uses contracts to be played, does it costs gas ?

    who pays ? the creator or the players ?

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

    How to benchmark the Hashrate for ethash algorithm?

    Posted: 07 Mar 2021 11:00 AM PST

    I am trying to nail down what algorithm is most profitable and ethash is one of the more promising ones based on daggerhashimoto, however, I cannot seem to get a good benchmark program for this.

    Could anyone help me?

    Thanks

    Edit: I found a solution. First, download Awesome Miner, add your rig, and use the benchmark tool, more info here:

    https://support.awesomeminer.com/support/solutions/articles/35000086016-benchmark-algorithm-hashrates

    submitted by /u/Zentryl
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment