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    Ethereum Weekly Discussion Thread

    August 23, 2021

    Ethereum Weekly Discussion Thread

    Weekly Discussion Thread

    Posted: 22 Aug 2021 11:00 PM PDT

    Welcome to the Weekly 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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    Visa buys a CryptoPunk

    Posted: 23 Aug 2021 03:51 AM PDT

    Ethereum: The Origins of the World’s Largest Altcoin

    Posted: 23 Aug 2021 04:44 PM PDT

    Microsoft intends to combat piracy by utilising the Ethereum blockchain

    Posted: 23 Aug 2021 12:31 PM PDT

    Coinbase will invest 10% of its profit directly in cryptocurrencies

    Posted: 23 Aug 2021 04:07 PM PDT

    Is there a decentralised fiat on/off-ramp out there?

    Posted: 23 Aug 2021 03:45 AM PDT

    Odell Beckham Jr. buys his own CryptoPunk

    Posted: 23 Aug 2021 04:11 PM PDT

    Rocketpool on main net soon?

    Posted: 23 Aug 2021 06:10 PM PDT

    Anybody have an update on rocketpool? When does it launch and any updates on its performance in test net?

    submitted by /u/bigboytiger69420
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    PayPal Now Lets U.K. Users Buy And Sell Cryptocurrencies

    Posted: 23 Aug 2021 02:03 PM PDT

    Biggest DEFI Attack (Poly Network Hack) Explained In A Simple Video

    Posted: 23 Aug 2021 05:35 AM PDT

    Hey guys!

    I've made a video about t the recent huge DEFI attack on Poly Network.

    $600M has been stolen and then returned.

    We will cover in the video what is a cross-chain network is, how the attack happened, and we will see some super interesting conversations between the attacker to other people on the Ethereum blockchain transactions.

    Here is the video:

    https://www.youtube.com/watch?v=odUucfv6SnI

    ​

    Please let me know what you think.

    Thanks <3

    submitted by /u/sheetsjohn16
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    Almost $1M is burned in 1 hour ��

    Posted: 23 Aug 2021 08:16 AM PDT

    Solving problems for the entertainment industry

    Posted: 23 Aug 2021 05:56 PM PDT

    There was a post a few months ago that had me thinking. Entertainment is still a field that crypto hasn't truly disrupted yet (with regards to quality, in-house, exclusive pictures like a decentralized Netflix).

    I'm aware of a few projects that are working on enabling streaming on-chain, but I don't see how this would be able to scale in any appreciable manner. Rather than streaming the content, would it be possible to host the video itself off-chain on a server, but allow on-chain trading of the "rights" to view the show/movie within the app?

    As far as problems that this could solve (if the technology could support it), the core proposition is disintermediation. Rather than big content owners like YouTube/Netflix getting all the profits, more of that profit goes directly to the content owner/film producer. This in turn means we wouldn't have to use an ad-based model and could charge a *much* lower monthly rate than services like Netflix (say, $1USD vs $8.99). Currently, creators are being rewarded less, advertising time (or subscription price) keeps going up, and directors are inherently censored as they have to conform to production agencies.

    Also, could AMM/liquidity pools be used to provide value directly to the creator? If every subscriber was given 5 coins to spend, and the platform allows the creator to easily launch a liquidity pool, the "value" of each pool is directly tied to the viewership and the amount of trading that is done within the pool. Thus, directors that produce the highest quality content are naturally selected-for on the platform. Theoretically, this could enable the next Game of Thrones or Witcher to naturally emerge in a self-fueled flywheel.

    Where are the holes in this theory?

    submitted by /u/OldAreola
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    Bitcoin, Ethereum: PayPal Allows Cryptocurrency Payments In The UK

    Posted: 23 Aug 2021 05:57 AM PDT

    90 CryptoPunks get snapped up in one hour following Visa's $150,000 purchase

    Posted: 23 Aug 2021 05:33 AM PDT

    It is always a pleasure watching Vitalik talk about Eth. The Anchor is very impressed.

    Posted: 22 Aug 2021 11:35 PM PDT

    The Bull Case For Axie Infinity & The Metaverse

    Posted: 23 Aug 2021 02:40 PM PDT

    After US, PayPal Today Announced Launch Of A New Service Enabling Its UK Customers To Buy, Hold And Sell Bitcoin, Ethereum, Litecoin And Bitcoin Cash With PayPal

    Posted: 22 Aug 2021 10:51 PM PDT

    Understanding wallet security with seed phrases/secret keys

    Posted: 23 Aug 2021 08:41 PM PDT

    Hey everyone, apologies if this has been asked before but I've searched around and couldn't find anything on the topic.

    ​

    Basically, I'm trying to understand the specific details of how your wallet is kept secure via seed phrases. Once input into a software or hardware wallet, from what I understand, a secret key is generated which is then used to sign off on transactions, correct?

    So in the case of a software wallet:

    1. Is this secret key located on your harddrive?
    2. If so, can this secret key be copied by a computer virus and thus, your wallet can be stolen even without your seed phrases?

    In the case of a hardware wallet:

    1. Every time you transact, you'd still have to export your secret key from your hardware wallet to your computer. Does this mean if your computer is infected with a virus, that secret key can be intercepted and then used to sign other transactions?
    submitted by /u/Amberqq
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    Someone just bought a Fidenza for 1,000 ETH

    Posted: 23 Aug 2021 12:57 PM PDT

    The Million Dollar Homepage - But on ETH! Love This Idea

    Posted: 23 Aug 2021 09:52 AM PDT

    Bitcoin comes to UK PayPal - but not for payments

    Posted: 23 Aug 2021 04:38 PM PDT

    Visa buys a CryptoPunk as it takes first steps into 'NFT commerce'

    Posted: 23 Aug 2021 04:21 AM PDT

    Where to hold my ethereum so i can stake.

    Posted: 23 Aug 2021 02:27 AM PDT

    i have my ethereum on Robinhood :[ had it there for the last year but i think im going to sell it and re purchase on another platform that i can Stake with. Which one do you people suggest i use? Im pretty new to this all so i really dont which platforms are better to use i just know i hate robinhood.

    submitted by /u/TheReelSatori428
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    Help: Trouble with Multi-Sig Wallet private key

    Posted: 23 Aug 2021 11:57 AM PDT

    Hello,

    An old ETH ICO participant here. I sold 95% of my ETH too early back in 2017 😅 & have some locked up in a multi-sig wallet created from Mist which I need help recovering

    I created a multi-sig wallet (4-sig out of-5) with 4 other newly created wallets in 2017 for additional security before checking out of the scene.

    I tried to access the wallet recently and haven't had much luck as the Mist wallet has been deprecated. I tried using the myCrypto API and it seems, though I have all the correct passwords for the 4 other wallets + genesis wallet that are all part of the multi-sig, the private key for the multi-sig doesn't recognize any of the passwords except the genesis pw (I can upload the UTC file and use the genesis wallet's password & all other 4 wallets return as invalid pw's)

    Is there a way I can brute-force different permutation of the multi-sig wallet with MyCrypto API locally or revoke access/ownership of all 4 other wallets with the genesis wallet & merge it into a single wallet?

    Thanks so much for reading & your help! If you'd be so kind to suggest other means, I'd greatly appreciate the help!

    Best

    submitted by /u/Acceptable-Audience
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