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    Ethereum You’ve got to be kidding me

    October 28, 2021

    Ethereum You’ve got to be kidding me

    You’ve got to be kidding me

    Posted: 28 Oct 2021 11:01 AM PDT

    Loopring Source Code Confirms GameStop NFT Market is Underway. Potentially huge for exposing a large customer base to ethereum.

    Posted: 28 Oct 2021 07:06 AM PDT

    ETH is going up, partly cause of this sale ? 124 ETH

    Posted: 28 Oct 2021 06:52 PM PDT

    MATT DAMON ENDORSES CRYPTOCURRENCY ������. This should help it become more mainstream!

    Posted: 28 Oct 2021 05:11 PM PDT

    Wow, congratulations Ethereum community!

    Posted: 28 Oct 2021 08:01 PM PDT

    How Smart Contracts Work!

    Posted: 28 Oct 2021 11:12 AM PDT

    Today was Ethereum's first entirely deflationary day.

    Posted: 27 Oct 2021 08:16 PM PDT

    Another Ethereum Deflationary Day, Where $12 Million More Ethereum Were Burned Than Mined

    Posted: 28 Oct 2021 05:22 AM PDT

    Smart Contracts Explained Simply!!

    Posted: 28 Oct 2021 05:29 PM PDT

    Wyoming passed a law that, formally recognizes DAOs

    Posted: 28 Oct 2021 01:13 PM PDT

    Web 3.0 is an integral part of ensuring a secure, permissionless, dececentralized and trustless framework of the global internet system and accords freedom back to its users. Here's how that will happen and permanently change it. Its concept is similar to defi, giving ownership back to its users.

    Posted: 28 Oct 2021 11:43 AM PDT

    Can someone explain what's going on with the transaction history with CryptoPunk 9998 (And how it just sold for $532.41M)

    Posted: 28 Oct 2021 06:41 PM PDT

    TIME TO EVOLVE and CONTINUE TO STAY AHEAD…..

    Posted: 28 Oct 2021 07:39 PM PDT

    We all started with Bitcoin. It was the first and longest PoW chain. It's creator was scared and dropped off after first mention of CIA to Gavin.

    Vitalik Buterin didn't cower and hide. He came out with superior technology and everyone worked with him in an open source environment that Satoshi was terrified of revealing himself in.

    We all know Vitalik and who he is and his skills.

    Politicians and Social Warriors against climate change (which is true) are now realizing Bitcoin's PoW algorithm is too energy reliant and are now, and will more harshly be legislated against and socially attacked by this younger generation.

    Lucky for Ethereum, we know the creator and devs. They stayed 5 steps ahead of politicians and are moving to Proof of Stake so when the legislation comes cause even the USA military said climate change is a threat, Ethereum will be ahead again as they all attack Bitcoin.

    Ethereum's Proof of Stake is superior as you don't waste Energy but instead stake your own Time and Money instead. No politician can ever pass legislation to deny a person their own time (which is given to each human) nor their money to stake unless they want to be compared to North Korea.

    Also with EIP-1559, Ethereum is becoming sound money as the more useful it becomes, the more deflationary it becomes. It's the perfect positive feedback loop.

    Enjoy the move to ETH 2.0 and PoS as Ethereum continues to stay ahead of the curve and the cultural/political attacks plus it is better for the climate.

    Vitalik is always there to answer their questions while Bitcoin's creator hide and likely died scared.

    Thank you Satoshi for the idea but:

    TIME FOR THE EVOLUTION TO BETTER MONEY IS ETHEREUM

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

    I think this was a typo made by Robinhood but cool to see those numbers.

    Posted: 28 Oct 2021 08:13 PM PDT

    I'm a low-risk kind of guy, and was looking forward to Coinbase's 4% returns on loaning out my ETH as I just sit on it forever. Now that that's sadly dead, are there similar platforms as reputable as Coinbase offering a similar rate of return?

    Posted: 28 Oct 2021 06:03 PM PDT

    Does anyone else notice that people you've tried to talk to about legitimate crypto projects in the past brushed it off as a scam. But now those same people are promoting scam coins.

    Posted: 28 Oct 2021 04:06 PM PDT

    I did not inspect element this...

    Posted: 28 Oct 2021 08:09 PM PDT

    FREE Report: Economics of Algo Stablecoins

    Posted: 28 Oct 2021 05:09 PM PDT

    We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile)

    TLDR:Most of them are still at a nascent stage and went live less than one year ago. Thus, some of the current issues can certainly be attributed to the lack of time spent in a real market environment. The analysis is not final and may not reflect the state of these protocols in the near future.The idea of algorithmic stablecoins is an innovation in the right step and we have no doubt that it can work well with time. But the protocol that offers a stable pegged value, fully decentralised and working economic incentives has much to evolve. Given the rapid growth of the stablecoin sector and the bright minds working on these issues, the future is optimistic.

    General Conclusion

    In the previous article, we discussed the history of formation and types of Stablecoins up to the present time. We also discussed the Market Size of Stablecoins and they currently account for more than $111B, of which the top5 Stablecoins with only $UST are the only Algo Stablecoins, it has a capitalisation of around $2B.In today's post, we'll analyse several aspects of the ecosystem & main players, along with a simple case study of Frax Protocol.

    ALGORITHMIC STABLECOINS

    The topic considered for this research is Algorithmic Stable Coins. Without going into the details of their operation and the reason for their existence, a topic widely discussed in the research downloadable here, these coins and related projects are attracting a lot of attention. The research carried out considers 8 projects that differ from each other in mechanisms and stabilisation algorithms.

    What Are Algorithmic stablecoins?

    Algorithmic stablecoins are tokens pegged to a fiat currency which is usually the US dollar. They respond to market events using predetermined stabilisation measures hardcoded into smart contracts on Ethereum. This greatly increases their decentralisation and has the opportunity to create a smart, fast, responsive global currency not governed by a single institution that can act as a medium of exchange not just for DeFi but the whole world.

    Ecosystem And Main Players

    That sounds great, doesn't it? A smart currency that never deviates from its peg and doesn't require any capital lockup to back up its validity. In practice, this space is still nascent and hasn't reached peak potential or actually acquired the critical mass of users and liquidity to accurately keep their pegs and offer a viable incentive to users to stabilise the currencies.The goal of this project was to find how viable algo stablecoins are in practice, how accurately they keep their pegs, how they are governed and how they interact with the user and the broader ecosystem.Right now the main players in the space are Terra Money, Frax, Reserve, Ampleforth, Empty Set Dollar, Dynamic Set Dollar, Debasonomics and Basis Cash. These are also the protocols that we included in our analysis. One that stands out is Terra which evolved from a non-ERC20 project in the South Korean ECom industry. The others are native Ethereum projects with heavy interaction with the biggest AMMs in DeFi, as well as other ecosystem stakeholders.Metrics and key areas to be analysed to evaluate how the protocols work and how efficient they are, metrics considered key within the field were identified in the first part of the research. The comparison between different protocols is not easy and for this reason, the choice to identify and standardise the correct metrics comes before the research itself. The metrics found are mainly divided into 3 macro-areas that are:

    • Market Design,
    • Mechanism Design,
    • Token Design.

    As said earlier, in order to evaluate all protocols on an equal basis we focused on the following key areas:TOKEN ADOPTION: most protocols are only adopted by very few or even no other DeFi projects, discounting AMMs that do not require approval by the partner protocol. This limits the usefulness of the token, limits the exposure to new users and negatively impacts stability due to slow liquidity growth. Terra Money is certainly the winner in this area.GOVERNANCE: While most protocols claim to have a DAO structure, few of them have an active community that consistently passes improvement proposals. Having a working governance smart contract is simply not enough, the token (vote) distribution has to be fair and give sufficient agency to all relevant stakeholders. Many protocols have a de facto centralised governance, a bright example is ESD with very many passed IPs.ACCURACY: Algo stablecoins have a hard time keeping on a peg, due to various complicated reasons. Some protocols spiral so far out of control that they enter a "death loop" out of which it is impossible to exist without a major protocol revamp. We conducted various numerical analyses to obtain good stability metrics that were forgiving to very small deviations but still captured the overall picture.INCENTIVES: While some protocols opted for the rebase mechanism where they actively change the number of tokens in a user's wallet, others wanted to offer a return on alternative investment vehicles like coupons to remove or add supply to match demand. This is by far the hardest part to get right, as there are many variables of human psychology and economics at play, coupled with the instability of the crypto market. How effective these incentives were is clearly seen in the stability of the stablecoins, which is questionable to say the least.Discussion session Once the various facets of the protocols were explored and their behavior in the individual metrics was analysed, the research delved into the "Discussion" section. The focus is to understand which parts of the different designs most influence the final scenarios of the Stable Coin algorithms in production. The discussion is also divided here, as in the previous part, in several parts that try to define the fundamental points on which to find insights.Since the protocols are still very young, a fundamental point that was discussed was the risk attached to them, which in turn was divided into economic exploits, price volatility and technical risks.ECONOMIC EXPLOITS: the misalignment of economic design to allow a party to exploit another. Since this is a Stable Coin, the economic alignment of the protocols is one of the key parts to consider. The imbalance in some protocols has highlighted patterns that can be improved to make this area more equitable and robust in the management of incentives.PRICE VOLATILITY: the risk of price movement. This is most important in stable coin models since stable coins are meant to have zero or minimum price volatility. Price volatility is at the heart of the ecosystem under consideration. The need is to have a stable currency with a resetting algorithm that incentivises its use and stability. In this section we discuss some very important points that can serve as a starting point to improve the current functioning of these protocols.TECHNICAL RISK: smart contract bugs and conceivable hacks. Another foundational point considered in the discussion is the possible attack vectors that can alter the operation of the underlying protocol or coin. Being software programmed with Smart Contracts, these protocols are susceptible to attacks external to the oracles on which they rely.

    FRAX

    According to our research based on the currently publicly available plans as of March 2021, FRAX comes out as the best protocol with the highest overall score in the analysis.Our findings stated clearly that so far, purely algorithmic stablecoins have failed to deliver the bare minimum stability and efficiency needed to attract meaningful adoption. Frax, in adopting its hybrid approach, has been able to maintain a solid peg devising a clever and effective system to stabilise the protocol and providing a compelling arbitrage opportunity for participants. The results are stronger adoption compared to its peers.Algo stablecoin is still a new mechanism that is being explored. We have experimented with coupon-based mechanisms that do not seem to work in holding its peg. Pure algo stablecoin with rebasing could have some potential. But it seems like the best bet so far is fractional collateralisation with algo mechanisms to maintain the peg.

    Recommendation

    We finish by giving actionable advice to current and future algo stablecoin protocols on the topics of oracle use, initial token distributions, reacting to market events, managing risk and many others. We combined these best practices from observing effective solutions not just in algo stablecoin protocols but also other areas of DeFi with a longer pedigree.

    submitted by /u/economicsdesign
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    Ethereum Altair Upgrade Goes Live Bringing Beacon Chain Merge Closer

    Posted: 28 Oct 2021 11:56 AM PDT

    Even with only 48.2% of gas being used on latest block, Eth is still deflationary

    Posted: 28 Oct 2021 05:36 PM PDT

    We Need To Expose This Proactively In The Media as Unconstitutional & Undemocratic, and We Need To Prepare to Litigate Them In SCOTUS/Brussels/EU Courts; This Is Boomer Classism Full Stop.

    Posted: 28 Oct 2021 02:00 PM PDT

    I hold ethereum in Robinhood what should I do?

    Posted: 28 Oct 2021 11:22 AM PDT

    Ethereum Scammer In the Group

    Posted: 27 Oct 2021 07:28 PM PDT

    L2 Arbitrum - Need Help With Degate Bridge

    Posted: 28 Oct 2021 04:50 PM PDT

    Hello everyone,

    I have a problem with the degate bridge for Arbitrum.

    I used it to send Eth from mainnet to arbitrum layer 2 and it works.

    But it's been hours since I've sent Eth from arbitrum to mainnet using the bridge and I still don't have my eth on the mainnet.

    Could someone please help me?

    Thank you!

    submitted by /u/KojaSo
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    Meta (Facebook) is going to include NFT's in their gaming sector

    Posted: 28 Oct 2021 11:28 AM PDT
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