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    Ethereum Daily Discussion Thread

    June 01, 2021

    Ethereum Daily Discussion Thread

    Daily Discussion Thread

    Posted: 31 May 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:

    submitted by /u/AutoModerator
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    The 8 Bullish Elements of Ethereum!

    Posted: 01 Jun 2021 02:05 PM PDT

    Ethereum Mining Revenue Topped Bitcoin in May With $2.35 Billion

    Posted: 01 Jun 2021 01:30 PM PDT

    Today marks the 6th month after the beaconchain launch!�� >5M ETH staked (~5% of the $ETH supply)�� >153,000 active validators�� >30,000 unique #Ethereum deposit addresses�� >99.x% blocks were successfully proposed�� Source: Bitfly @etherchain.org

    Posted: 01 Jun 2021 04:01 AM PDT

    A Blockchain Music ecosystem where artists automatically get compensated whenever someone violates copyright. Why hasn't this been done before?

    Posted: 01 Jun 2021 04:28 PM PDT

    Imagine an ecosystem where musicians choose to sign smart contracts where they are rewarded whenever a broadcasters such as streamers/youtubers shares their music.

    I can't tell you how many time I have seen streamers and youtubers get demonitized when they unintentionally play a random song on their platform. Whenever a copyright forces a stream to close money is lost form both ends (streamer and music creator). I believe that upcoming artists would love to sign special smart contracts like this for another revenue stream.

    However, for this to be feasible I understand that you would either need :

    • A willing platform to incorporate smart contracts into their system

    • Create an new platform for creators with this feature.

    What's hasn't this been created yet?

    submitted by /u/pepeman931
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    Whats your dream dapp?

    Posted: 01 Jun 2021 04:21 PM PDT

    Assuming Ethereum operated at the necessary speeds and scale, what would your dream dapp look like? Whats the biggest barrier to making this a reality?

    submitted by /u/hau5keeping
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    How to build a dApp on Ethereum

    Posted: 01 Jun 2021 10:32 AM PDT

    How etherum saved my life.

    Posted: 01 Jun 2021 02:00 AM PDT

    So I've been having struggles with money for all my life . Been strictly with one bank and used it ever since I was born. I recently started to branch out saving because they didn't have any interest rates on my savings account .

    Along the way I got way into crypto. I have strong feelings about Eth, positive ones. And so I put a majority of my money in ETH. Which seemed risky at first. But I thought hey, it's pretty good to have some money off the grid so to say.

    Well today it payed off. The bank has had problems with purchases from a month ago and it put me in the mud. I'm currently -200$ in my fiat bank and couldn't even start thinking about paying it back. But..

    I still have my ETH. That they couldn't touch because of errors on their side. And that ETH is the one thing that's paying for everything right now. Food, housing , the whole deal. I don't know why more people don't believe in crypto, but when I get my salary at the end of this month I think it's time to invest more into this. It just seems logical. (After clearing my debt ofc)

    Just thought I'd share my positive experience with ETH. :)

    edit/note: Fixed some spelling errors to the shorter version because people got butthurt. And I'll also add , No I'm not breaking any laws. My bank has just done things slowly and I'm paying the price, my "debt" will be paid I'm not cheating the system, ETH is saving me by being a side currency I can use for food atm, so I'm not in need of borrowing from a 3RD party. Spelling errors aside, I'm not a native English speaker, and I am well read up on ETH. Just.. please be more civil in the comments towards each other :) Thanks for the rewards as well

    submitted by /u/Mercy_artz1
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    As Microsoft Azure closes shop, ConsenSys Quorum opens up to new users

    Posted: 01 Jun 2021 02:33 PM PDT

    Can someone explain why no one knows how much EIP-1559 will burn in fees?

    Posted: 01 Jun 2021 06:39 PM PDT

    Everyone is speculation, but if its open source, can they not get a really good idea?

    i mean the avg block is 0.5 ETH in fees, (give or take) Total rewards are around 2.5 ETH .

    How come no one knows for sure how much its going to burn? Everything i try to google on the matter is filled with Youtubers looking to get clicks on 45 min video, or podscasts.. Why isnt there a straight forward answer?

    submitted by /u/magikian
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    CBDCs Could Run on Ethereum, Says Ex-Head of China's Digital Yuan Effort

    Posted: 01 Jun 2021 04:00 PM PDT

    Central bank digital currencies (CBDCs) are set to become more "smart," according to the former head of the People's Bank of China's (PBoC) digital currency initiative. CBDCs could one day operate on blockchain networks like Ethereum, according to the former head of the PBoC's digital currency

    https://www.SunDispatch.com/cbdcs-could-run-on-ethereum-says-ex-head-of-chinas-digital-yuan-effort/

    submitted by /u/BoyYeetzWorld
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    Dark Forest players can now earn xDAI by broadcasting planet locations in the Ethereum-based space strategy game

    Posted: 01 Jun 2021 02:03 PM PDT

    VitaDAO Community Call (DAO focused on early stage longevity funding) Come Join!

    Posted: 01 Jun 2021 03:30 PM PDT

    I'm happy to announce the Community Call #2 that will take place on Zoom tomorrow!

    ❤ VitaDAO will announce their Launch date during the call ❤

    June 2nd, Wednesday 5.30 pm CET / 3.30 pm UTC / 11:30 am EST / 8:30 am PST

    Google Calendar Invite

    Zoom: https://zoom.us/j/91895021387

    • 5:30-5:40 Intro and Updates
    • 5:40-6:00 Updates from Scheibye-Knudsen Lab
    • 6:00-6:15 Q&A Session

    At the end of the call there will be a Q&A session where you can ask your questions (via chat). The call will be recorded and posted on VitaDAO's YouTube. If any of your questions will not be answered due to time limitation - we will answer them on Discord after the call.

    ​

    If you don't know what VitaDAO is: it's a decentralized autonomous organization (DAO) coming together to fund and support the researchers and labs doing longevity science. Funding agreements will include ownership of IP (patents and research data) so we can monetize it (benefiting the researchers and allowing us to fund further research).

    Goals of the organization:

    • Fund promising research
    • Make Longevity Science Intellectual Property and Data available on an open market
    • Involve patients and researchers (and YOU!) in funding decisions through a DAO
    • Build IP portfolio and monetize it

    VitaDAO, in other words, wants to do the opposite of the current system, which sees longevity science research receive meager public funding, maybe result in a startup, and then get gobbled up by big pharma where the science is closed, patent protected, and profit driven. This system results in overpriced drugs based on dubious, unrepeatable science that downplays negative results in favor of profits. Another problem with the existing system is unprofitable existing drugs and treatments are ignored entirely, even if they have promise.

    Come see what VitaDAO is doing!

    submitted by /u/audieleon
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    Whistleblowers dApp MVP. Are you REALLY ready?

    Posted: 01 Jun 2021 03:46 AM PDT

    ​

    I asked you if we are ready to support a Whistleblowers dApp:

    https://www.reddit.com/r/ethereum/comments/nnocxz/a_dapp_for_whistleblowers_are_we_ready_to/

    More than 1.4k votes. You have been heard. But are you really ready?

    ​

    Hosted on Github: https://marks.provable.dev/?ipfs=QmXq4zne6sbse69crCuPvT8jEuxh3htrVaiTehRFPKYLyx&input=

    Hosted on IPFS, with Fleek: https://whistle.provable.dev/?ipfs=QmXq4zne6sbse69crCuPvT8jEuxh3htrVaiTehRFPKYLyx&input=

    ​

    You can:

    - submit a proof and upload it to IPFS, then register it on Ethereum, Ropsten testnet.

    - view submissions on a map.

    - click on a placemark -> click on the link to view individual submissions.

    - support a submission by clicking on "click to support" at the bottom of the page -> pay Ropsten ETH.

    ​

    ! IPFS files disappear eventually if they are not pinned by nodes, or you can witness very slow loading times.

    ​

    What can you do?

    - run an IPFS node and host & pin the files - the "marks" (markdown dApps) themselves first and then individual submissions.

    - suggest better ways to provide persistence to files on IPFS

    - invite IPFS node maintainers and security auditors to help the whistleblowers.

    - volunteer to help development - e.g. Twitter bot that tweets new submissions or donations.

    ​

    Share this news. Really. The known Ethereum newsletters and Ethereum Twitter accounts are unwilling to give us space for this volunteering effort: https://twitter.com/lorecirstea/status/1398677058922893314.

    ​

    Decentralized System Management

    This is not only a whistleblower dApp. It is an engine for creating dApps from Markdown and publishing them on IPFS. You can extend the whistleblowers system yourself even now, by following the tutorial from the menu.

    ​

    Open Source

    The code will become open source as soon as we have the first outside volunteer and, in any case, before any Mainnet release.

    Demo Time

    Video demo: Whistleblowers dApp - Map of Submissions

    https://youtu.be/lRTxO3gKvFk

    In the last video, I showed how a whistleblower can load a submission on IPFS and register it in a contract deployed on Ropsten. The submission is tagged with space and time markers, along with other tags. So, by looking at the contract events, we can decode the data and show the submissions on the map.

    submitted by /u/lorecirstea
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    Prysmatic Labs Ethereum Monthly Development Update -- 2021 June

    Posted: 01 Jun 2021 02:39 PM PDT

    Ethereum blockchain users and developers survey

    Posted: 01 Jun 2021 08:05 AM PDT

    As the Ethereum ecosystem grows, more users & developers are joining in.

    The Ethereum Cat Herders are conducting a survey to better understand the future requirements and improve the experience of existing & new users in terms of tools and documentation.

    We'd appreciate the members of the Ethereum community, miners (Eth1.0), dapp developers, (Eth2.0) validators running client node(s) and blockchain users taking out a few mins to respond to this survey https://forms.gle/HwejrD3jRbqW4bmq7

    submitted by /u/poojaranjan19
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    Now Is Time to Buy More ETH

    Posted: 01 Jun 2021 08:24 PM PDT

    "The Amazon Of Information": Goldman Sees Ethereum Overtaking Bitcoin

    Posted: 01 Jun 2021 06:01 AM PDT

    Not to play devils advocate but list everything wrong with ethereum

    Posted: 01 Jun 2021 08:12 PM PDT

    Interview with Nick Tomaino, Crypto Pioneer and Eth Investor (and r/ethereum reader!)

    Posted: 01 Jun 2021 03:59 PM PDT

    Will Ethereum need iExec to Scale?

    Posted: 01 Jun 2021 07:39 PM PDT

    Ethereums current state struggles when performing rigorous computations efficiently and at reasonable cost.

    Today, this isn't really an issue because most dApps (Decentralized Applications) don't have a working product. The dApps only utilize Ethereum for their ICO sale and for simple transactions with their tokens — Ethereum is well suited for that. But once all these dApps start releasing actual products, with actual computational demands, Ethereum not only will not be able to keep up, but it will become prohibitively expensive. Since Ethereum charges ether (gas) to run the network, intensive computations would cost a fortune. Imagine when Ethereum's computational demands increase by 10x, or 100x: the network will be unusable.

    TLDR: Ethereum is great for simple computational processes like transactions. But the dApps on Ethereum need to do more. They need more power than the Ethereum virtual machine can provide.

    The Solution

    The solution to this is offchain computing. dApps need to be able to do their heavy computing offchain (meaning not on the Ethereum blockchain) and then bring the information and results back onto the Ethereum blockchain for verification. iExec enables just this. dApps can use iExec's decentralized cloud computing services to safely, simply, and cheaply, execute their computation far from the inefficient and incapable Ethereum VM.

    According to iExecs whitepaper they can make this system possible on a global scale. Including support for Fault Tolerance, multi-applications, multi-users, public/private infrastructure, deployment of virtual images data, data management, security and accountability, etc.

    Example of dApps:

    Flixxo - is a dApp that envisions itself as the decentralized YouTube. Because of all the encoding and decoding of videos on the blockchain, it requires an enormous amount of computer power. "iExec will allow the platform to do [this] by providing cloud resources,"

    Request - is another partner. Request plans to offer automated auditing of financial records. This is also an extremely intensive computational process. iExec again provides the offchain solution for this computation — the results of the audit can then be easily transferred to the Ethereum blockchain.

    Users and businesses will also be able to utilize the iExec services for their own projects and uses. Need more power for your fantasy football algorithms? iExec can do that. Want to play Fifa with 4k settings? iExec is your tool.

    For those out there. Cloud computing in general is a must have market. Google, IBM, Microsoft all provide cloud computing so companies that need access to processing power without having to maintain expensive technological infrastructures themselves. Companies like Netflix, Apple and Etzy all manage in cloud computing with these companies

    submitted by /u/witthatgrip
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    Is it possible for me to recover these lost tokens? Please help!

    Posted: 01 Jun 2021 01:29 PM PDT

    About two years ago I had around 500k Plian staked to a node on their network. My computer started having a breakdown and I sent the private key to myself and factory reset the computer. I then realized that this private key did not correspond to the address that had my tokens, and figured it must have been linked to a separate wallet (there were 3 distinct accounts in each wallet which provided different functions at that time). I have recently been learning solidity and found out that these addresses could have been linked to one wallet. Are these accounts randomly generated or could I generate two accounts on metamask and access the tokens? I guess I'm asking whether there is a connection between these accounts that would be maintained even if I were to create new accounts for the address in metamask. It will take a significant amount of effort to recover the key itself, so I am trying to figure this out beforehand.

    ​

    Thanks so much for reading and for your insight.

    submitted by /u/xTremeSwag
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    DeFi vs the World - The Daily Gwei #259

    Posted: 01 Jun 2021 08:12 AM PDT

    Ethereum’s adjusted on-chain volume, miner revenues reached new highs in May

    Posted: 01 Jun 2021 09:58 AM PDT
    Read more
    at

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