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    Ethereum Daily Discussion Thread

    Ethereum Daily Discussion Thread


    Daily Discussion Thread

    Posted: 09 Jun 2021 11:00 PM PDT

    Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

    Disclaimer:

    Though karma rules still apply, moderation is less active on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources.

    Rules:

    • All sub rules apply in this thread.
    • Discussion topics must be related to Ethereum.
    • Behave with civility and politeness. Do not use offensive, racist or homophobic language.
    • Comments will be sorted by newest first.

    Useful Links:

    Reminder

    /r/ethereum is a community for discussing the technology, news, applications and community of Ethereum. Discussion of the Ether price or trading is not allowed. Please keep those discussions to /r/ethfinance and /r/ethstaker.

    submitted by /u/AutoModerator
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    Yesterday I received my very first payment for a haircut in Ethereum!

    Posted: 09 Jun 2021 07:19 PM PDT

    This sub has just crossed the 1 million builders mark! ��

    Posted: 09 Jun 2021 06:39 AM PDT

    Vitalik Buterin calls Craig Wright a scammer, dares self-proclaimed Nakamoto to sue him - WHAT!? Vitalik is a G. ��

    Posted: 09 Jun 2021 04:27 PM PDT

    Amazon Job Opening for Head of Products on Blockchain - Crypto DeFinance

    Posted: 09 Jun 2021 03:21 PM PDT

    Things like Ethereum are possible thanks to open source developers that work nights and weekends to create them. Gitcoin is the largest organization funding this kind of public goods, matching donations with a pool. To spread the word, I interviewed founder Kevin Owocki, an extremely cool dude!

    Posted: 09 Jun 2021 07:47 PM PDT

    Tokenizing livestock -- Nebraska ranch first to use new cattle supply chain tracking technology using Ethereum

    Posted: 09 Jun 2021 02:31 PM PDT

    Is native scalibility ever going to be possible with ethereum without sacrificing decentralization, speed, security, or composability?

    Posted: 09 Jun 2021 09:14 AM PDT

    I have a significant amount invested in eth, and I think Vitalik and team are geniuses, but I keep hearing that one leg of the trilemma always needs to be sacrificed and that you can't have all 3. Meanwhile I've since stumbled upon projects like Radix which is a DLT claiming they've "solved" the trilemma at scale. Fully sharded L1 protocol would mean composability at scale, which I think is ethereum's biggest weakness.

    There is unbelievably strong network effects on ethereum, but if people keep using sidechains, rollups, etc then it becomes less about eth and more about the individual apps and what they can accomplish with these other techs (as a result: bearish for eth).

    Is it possible for eth to eventually fork to a full L1 sharded protocol that can be scaled well?

    submitted by /u/eterneraki
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    Staking and Taxes

    Posted: 09 Jun 2021 04:50 PM PDT

    Currently the IRS treats staking rewards as capital gains every time you receive them. This means for every time you get a staking reward (Coinbase does daily for ALGO) then you get taxed for that reward.

    This seems ridiculous since when you sell corn you get taxed after you sell it, not when you're growing it and harvesting it. Isn't it suppose to be treated relatively similar by the tax standards?

    I may be completely confused about this issue, but when Ethereum becomes PoS I believe a lot of litigation will need to happen for crypto and taxes.

    submitted by /u/lightrover21
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    Future-proof shard and history access precompiles

    Posted: 09 Jun 2021 02:56 PM PDT

    Ep 10: "Eth Cat Herders Ft. Pooja Ranjan" - Herder in Chief Pooja Ranjan joins us on the pod to discuss ETH Cat Herders, the EIP process, fellowship of Ethereum magicians, peep and EIP video series, the beacon chain upgrade "Altair", the main net layer upgrade "London" and its impact on miners.

    Posted: 09 Jun 2021 10:22 AM PDT

    Ethereum scaling solution Raiden rolls out 'Bespin' mainnet release

    Posted: 09 Jun 2021 09:17 PM PDT

    Off coinbase ETH2.0 waitlist…

    Posted: 09 Jun 2021 08:59 PM PDT

    I got off the waitlist for staking eth for the 2.0 upgrades and I know I won't be able to pull my eth out until after 2.0 is fully available and then some…should I stake for 6%? Is there anywhere else that is better?

    submitted by /u/Spica2001
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    I made stupid website, which tells you if Nvidia have screwed up their LHR-implementation (again)

    Posted: 09 Jun 2021 11:38 AM PDT

    How bad exactly is this tether situation?

    Posted: 09 Jun 2021 03:05 PM PDT

    If USDT is not really backed by dollars what could happen to the Ethereum and defi ecosystem? Is this a serious weakness?

    submitted by /u/neocybersonic
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    If a Layer 2 stops existing what happens to my assets?

    Posted: 09 Jun 2021 05:46 PM PDT

    If a Layer 2 stops existing what happens to my assets?

    Am I still able to withdraw them?

    How does this compare to a sidechain?

    Trying to figure out what scaling solution I should be playing with.

    Thanks, we're all learning together! What a community we have here.

    submitted by /u/PseudoscientificLuo
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    Just an honest question

    Posted: 09 Jun 2021 10:53 PM PDT

    Why is Solana called the ethereum killer and is there any validity to it?

    submitted by /u/qm137
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    How to solve this? I sent my eth to eth bep20 from binance to trust wallet. Pls help

    Posted: 09 Jun 2021 10:22 PM PDT

    To node or not to node

    Posted: 09 Jun 2021 04:21 PM PDT

    So, I wont get into any specifics but will say I'm close to the required amount to run a node. As you can tell, I'm very inexperienced in hosting a node but I've invested a long time in crypto without much direction. More so of a, "this shit gonna get lit one day", type of mentally where I throw 10% every month of all gross earnings between me and the spouse. Never missed a beat. So totally, we have $120k+ invested in crypto over the years. Real question is, what do I do with the ethereum? I could stake? I could host? Just not sure on what to do to maximize security and profitability. I'm not that advanced so sorry if this is a dumb ass post.

    submitted by /u/sterpdawg
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    ChainSafe's Eth2 Typescript implementation Lodestar: v0.24.0 has just been released!

    Posted: 09 Jun 2021 10:29 AM PDT

    Hi all!

    Tim from ChainSafe here! :D

    I posted here last with a small progress update from our Lodestar team. Our light client progress update article is still coming up (hopefully in the next week or two), but the dev team wants to hook a real node into the light client prototype to generate real proofs for any demo's! Stay tuned!!!

    In the meantime...

    ChainSafe's Eth2 Typescript implementation #Lodestar v0.24.0 has just been released!

    • Support for Altair spec version alpha.5
    • Support new spec preset / config partition
    • Beacon node able to produce light client updates

    Check out our Github to see the release notes.

    Peace and love, <3

    Tim

    If you're curious about any of our other work, we would love to hear from the community. If you'd like, drop us a message here, on Twitter, or on our Discord #Lodestar channel.

    submitted by /u/haochizzle
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    Stablecoin Concept [x-post from r/ethdev]

    Posted: 09 Jun 2021 11:54 AM PDT

    Quick preface: first-time poster here, please let me know if there's anything I should change.

    One of the biggest factors preventing crypto from widespread adaptation is volatility. Plenty of stablecoins have tried to solve this, but they've all had some sort of issue. They're either centralized, can't hold a peg, insanely vulnerable to external financial shock, or some combination. I have what I think is a new idea for a stablecoin, and I'd like some feedback.

    The basic concept of relatively simple: instead of using oracles or collateral to maintain a peg, we fix the cost of creating a new coin to $1.

    The coin would be mineable. According to Moore's law, computing power increases at a relatively stable rate, so the mining difficulty could be adjusted daily by a contract to ensure that the price of mining a new coin is always $1.

    I'm not entirely sure if this makes sense, and it's definitely a very early idea that certainly has numerous issues. I'd appreciate any feedback I can get.

    submitted by /u/PotatoHeadz35
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    Won't PoS bring down the regulatory hammer?

    Posted: 09 Jun 2021 09:21 PM PDT

    If you're taking deposits and paying interest/dividends it seems like a whole new regulatory world. How much traffic will a node validater need if he's regulated like a bank? You have to insure the deposits.

    submitted by /u/Coomer-Boomer
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    Best Vitalik interview for my family?

    Posted: 09 Jun 2021 05:31 PM PDT

    I am visiting my extended family and got to choose what we watch on the tonight. I'm choosing a Vitalik Buterin video. They know next to nothing about him or even crypto, other than Bitcoin. What interview should I choose that will impress the hell out of them and impress upon them the magnitude of what's happening with Ethereum.

    submitted by /u/El-Coco-No
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    What are the possible implications of Ethereum being classified as a Commodity or Security vs an Asset?

    Posted: 09 Jun 2021 02:20 PM PDT

    Ethereum is fundamentally different to bitcoin and while bitcoin does have the spot light currently I'd imagine that will change at some point in the future.

    Any opinions on a change of classification being positive or negative and what changes that may incur?

    submitted by /u/NoeticOptions
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