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    Ethereum Daily Discussion Thread

    June 12, 2021

    Ethereum Daily Discussion Thread

    Daily Discussion Thread

    Posted: 11 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.

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    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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    How Layer 2 Is Primed To Solve Scalability Issues of Ethereum before the Launch of ETH 2.0

    Posted: 11 Jun 2021 08:33 PM PDT

    Polygon and 0x have set their goal to bring 1M users to Polygon and Ethereum. For this reason, both companies will commit $10.5 million to support the goal. Both companies will support developers and projects to build robust DeFi on Polygon.

    Posted: 12 Jun 2021 12:45 AM PDT

    Recently watched The Mitchells vs The Machines (on Netflix) and noticed this familiar symbol...

    Posted: 12 Jun 2021 12:01 AM PDT

    Recruiting Crypto Believers!!!

    Posted: 12 Jun 2021 02:22 AM PDT

    Can I get some help here? I've been trying to fight misinformation in this space since 2013 and just this week I've had more than a few requests from "Investment" companies on Facebook, As a private user. Please take a minute to report this shit. I hurts the space, reputation, and what we are trying to achieve here. Best I could do was report and burn hours of their time. what pisses me off the most is they titled themselves as "Crypto Experts" and not knowing fuck all about Ethereum.... Much appreciated in advance. <3 my legitimate Crypto people.

    submitted by /u/Ludguallon
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    Most Flexible IDE for Ethereum contracts AND dApps (beta release)

    Posted: 12 Jun 2021 03:44 AM PDT

    Reddit Co-Founder Alexis Ohanian has unveiled that he has “a lot” of Ethereum (ETH) Meanwhile, Ohanian did not mention the exact amount of the ETH he holds. Ohanian disclosed his passion for Ethereum in an interview.

    Posted: 12 Jun 2021 12:10 AM PDT

    Namibia is seeing increased reports of crypto investors losing money to scammers.

    Posted: 12 Jun 2021 03:49 AM PDT

    Eat this Elon

    Posted: 12 Jun 2021 05:15 AM PDT

    Aztec is going open source!

    Posted: 11 Jun 2021 03:31 PM PDT

    Tikkun Olam dApp - Beta (usable) Release v1 - the first step to rectifying the world is knowing what needs to be rectified.

    Posted: 12 Jun 2021 02:05 AM PDT

    Really debating if I should put some money in ethereum? Now that the price is down should I do it or not. Sway my opinion.

    Posted: 12 Jun 2021 05:19 AM PDT

    Sending gas-free tx: [MEV]

    Posted: 12 Jun 2021 04:36 AM PDT

    how do people do this, I'm trying to wrap my head around it. From my understanding, tx 1 is approved then swapped to another coin (eth for example) fee-free, THEN a fee is paid (tx3) for the miner with the eth.

    source: https://twitter.com/amanusk_/status/1370642493621080071?s=20

    submitted by /u/Purplespain
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    Web3.py and smart contract on ETH

    Posted: 12 Jun 2021 04:07 AM PDT

    I'm basically traying to understand how the ethereum blockchain works and how to send tx using python coding. But still there are many peaces that I can't understand.

    Can I send transactions using just web3.py library or it is necessary to create an smart contract with solidity to send the tx?

    Does web3.py library create an underlying smart contract when you seend the tx?

    Which instructions do I need to send a swap to a LP?

    If anyone have appropiate answers for this questions, I would appreciate.

    ​

    Thaks in advance!!

    submitted by /u/oriok92
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    ⟠ Latest Week in Ethereum News!

    Posted: 11 Jun 2021 08:05 PM PDT

    Firefox, DeFi, Dapps, and a hot hanging laptop.

    Posted: 11 Jun 2021 10:56 PM PDT

    Browser: Firefox 89.0

    Injector: Metamask 9.5.9

    Laptop: Asus G14 Ryzen 9 4900HS w/ 16GB RAM

    OS: Windows 10 64-Bit

    Hey folks. I can not seem to find any information on this issue for the life of me. I run a lot of open tabs with a myriad of DeFi dapps across multiple blockchains. I'm using Metamask as the web3 injector and everything seems to run swimmingly at first, but the longer I get into sessions, the more I notice my laptop getting warm to hot. Task manager occasionally shows Firefox child processors maxing out single-cores, and force quitting those will crash the respective tab(s), cool down the laptop, and restore performance, but it won't often be long before I notice that I'm back to having hot thighs.

    I've added Auto Tab Discard to try and unload tabs I'm not using, but it seems that if I'm working in any dapps, even if the others are discarded/asleep, it'll start warming up again. I can't find out if its Firefox, Metamask, or some other issue, let alone how to resolve it. I was thinking of trying Brave browser, but I wanted to see if this was a familiar issue to anyone before migrating everything over to a new browser where the same issues might exist.

    Thank you for any information anyone may have.

    submitted by /u/Jaedos
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    Mined Ether to ETC ledger hardware wallet address

    Posted: 12 Jun 2021 02:34 AM PDT

    Hi guys,

    I Mined Ether to ETC ledger hardware wallet address. Will my ledger be able to access the same address on the Ethereum blockchain?

    If there is, how do I do it? thanks!

    submitted by /u/wumpratt
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    How Layer 2 Is Primed To Solve Ethereum Scalability Issues

    Posted: 12 Jun 2021 12:38 AM PDT

    Elon Musk, Markets and Money ��

    Posted: 11 Jun 2021 04:57 PM PDT

    Elon Musk, Market and Money

    Elon Musk has always evoked public interest (as billionaire genius types tend to do). The ongoing story this year, for better or worse, has been in the crypto space, where people have taken their cues from his views.

    Earlier this year Tesla caused waves when they published their balance sheet and announced to the world that they had 1.5 billion dollars worth of Bitcoin (BTC) listed as an asset. More recently, Musk's comments have prompted crypto sales that have seen the price of Bitcoin tumble from above $60,000 into the $30,000-$40,000 range. Overall, the collective crypto market cap fell by just over a trillion dollars over May.

    Musk and Market

    So why does Elon seem to have this power to influence the world of crypto?

    First, let's talk about money in all its forms: fiat and crypto. Arguably, money is a type of social power storage, like a battery. We use it to temporarily store our power to engage others (on our projects and for our whims), and when we pay for a good or a service, we draw on that power. In a similar vein to electricity, it is a consumable resource and is transferred as it is used.

    After that, the question is which money (or battery) to use? History shows that an implicit contract exists between society and the choice of money system: At various points in world history, including Weimar, Venezuela, and Zimbabwe, nation state-backed fiat systems have broken down because economic agents broke this contract.

    Elon Musk, in this context, has a good amount of stored social power (money). This social power he harnesses can move markets, as we see below.

    Market and Money

    This points to monetary systems as a type of database that accounts for social power, but only if we agree to use that database. In this vein, a token system is a medium for value storage (and possibly utility storage) for a network of users that choose to adopt that system using a social contract. If the database is corrupt, why would you use it?

    Less dramatic than the collapse of a national currency is the assignment of social power to crypto assets. Over a decade, a social contract has developed between crypto and a user network, along with bridges between crypto tokens and fiat tokens as valid stores of value. Remember the guy who paid 10,000BTC for two pizzas in 2010? That was the start of a social contract that turned BTC into a form of social power storage.

    The beauty of crypto is that we are now moving from a type of general-purpose money backed by states to a system of fit-for-purpose tokens that do weird and wonderful things. However, the network effects on cryptocurrencies are more pronounced and subject to social whimsy.

    Musk and Money

    Elon's whims can either endorse the implicit contract between BTC and other forms of storing social power (Dogecoin) or they can repudiate this contract. Earlier this year, the decision to add BTC to the balance sheets of Tesla acted as an endorsement of value. And so, on cue, people bought more BTC.

    Now Elon is tweeting the other way, and Tesla has decided not to accept BTC as a form of payment for its vehicles. The good news is that while toddlers stumble more than adults, eventually, we all learn to walk.

    Bitcoin, the new money

    The difference between crypto and fiat is simple. We are privatising money. Thus, the risk to governments everywhere is that society decouples (at least partially) from the default, nation-state fiat store of value because there are valid alternatives. Is it good or bad? You decide.

    submitted by /u/PeacockMamba
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