Blockchain amateur

On a journey to understand crypto from first principle.

[Blockchain amateur @lazzinga]

@TransposeData You should also compare yourself to @definedfi

[Blockchain amateur @lazzinga]

@jelleprins @Alber_RomGar The difference is that these other billion dollar startups don’t try to mislead us about their intentions & goals. Uber never said they are a non profit. OpenAI did.

[Blockchain amateur @lazzinga]

@corbpage Is the code on Github?

[Blockchain amateur @lazzinga]

@recmo @tzhen I think there are 3 approaches:
1) fake privacy: one side has all the info (eg Amazon in web2)
2) real privacy
3) radical transparency

Elites will have a better time with approach 1 or 2 since they can abuse the information asymmetry. Lower and middle class do better with 3.

[Blockchain amateur @lazzinga]

@gakonst @0xEdgar How can it be safe with no data availability?

[There.Is.Now.Alternative⚡🤖 @tzhen]

Backrunning ETHDenver 2022

a pop up Pi-rate Party on the last day of #ETHDenver

[Blockchain amateur @lazzinga]

@AcquiredFM @SBF_FTX @mariogabriele Do they discuss tether <=> Alameda a little bit or is it just marketing piece for FTX?

[Blockchain amateur @lazzinga]

Trying out @zksync 2.0 zkEVM!

https://t.co/bNc29ewrw4

Send some test tokens for 0x52ab9ac59fe0bff9b3f7.

[KKGB @INArteCarloDoss]

Investors need to understand that China has taken a turn towards a different economic model: Higher regulation standards, curbing non-strategic tech, redistribution of wealth, better capital allocation, de-levering, clamping on evasion/irregularities and crushing speculation

[Blockchain amateur @lazzinga]

@muellerberndt You are right at the end it's a tradeoff. OpenSea chose to go with a better UX with less fraud detection. But even with on-chain escrow we still have the problem that sellers can use a second account and buy their own NFT to push up price & demand.

[Blockchain amateur @lazzinga]

@muellerberndt If you were the founder of OpenSea, what would you do against it?

Putting bids on chain?
Detect and remove these fraudulent bids?

[Blockchain amateur @lazzinga]

Question:
Why do we use a multiplication on the elliptic curve function secp256k1 instead of a simple hash function (e.g. she-256) to derive the public key? Both operations are irreversible. @mevintern @mevalphaleak @ExoticMev

[Blockchain amateur @lazzinga]

How are pub key, private key and the pub address generated on Ethereum?

Private Key:
The private key is simply a random number between 1-2^256. That is roughly between 1 and 1.158 * 10^77. The visible universe has between 10^77 and 10^80 atoms.

[Blockchain amateur @lazzinga]

Public Address:
To finally get the public address, you calculate the hash of the public key using the Keccak-256 hash function. Take the last 20 bytes of hash and you get your public address.

[Blockchain amateur @lazzinga]

@balajis @Jason @APompliano @michael_saylor @VinnyLingham @markjeffrey @jerallaire How can you be neutral when the Tether guys are so intransparent. They could harm the whole ecosystem. Why don't you push for a transparent investigation? That would help newcomers to put more trust in the system. We small guys can only tweet which has 0 impact.

[Blockchain amateur @lazzinga]

@balajis @VitalikButerin @brian_armstrong @SBF_Alameda @Bitfinexed covers the Tether scandal amazingly well for years now. Why is there not more investigation?
https://t.co/65Hl7YxzWV

@elonmusk, @FEhrsam, @AlamedaTrabucco why don't you join forces and start an investigation. You clearly have the influence which we others lack. n/n

[Bitfinex'ed 🔥🐧 Κασσάνδρα 🏺 @Bitfinexed]

Wow! Look at that! Bitfinex prints up 100M out of thin air and within two fucking minutes it starts a $1000 rally. Truly amazing.

[Blockchain amateur @lazzinga]

At this point it's highly likely that Tether is a scam. It's unclear what the impact on the ecosystem as whole will be when it blows up. I think the risk to set blockchain tech back for years is high. We small guys can't do much. We need help from you big guys. 1/n

[Blockchain amateur @lazzinga]

Here is a great article summarising the Tether scandal.
https://t.co/GcV1ig4Tqz

@balajis, @VitalikButerin,@brian_armstrong, @SBF_Alameda why don't you work together and resolve the issue before Tether becomes too big too fail. 2/n