ethfinance

T0Bii, in Weekly General Discussion - July 02, 2023 <-> July 09, 2023

One thing a lot of people do not like about the fediverse is that you can only sign in on the instance you signed up on.

If only there was a simple solution, a way to login everywhere and ensure that it's always the same person.
Something public that could identify the person and something private the person could use to prove it's them.

Soo.. Who's going to build 'sign in with Ethereum' (or public/private keys) for the fediverse?

fiah,
@fiah@discuss.tchncs.de avatar

that’s not needed as it’s not needed to sign in anywhere other than your ‘home’ instance, except perhaps when it’s offline

I agree there’s a lot of potential to improve on the fediverse model but I don’t think it makes sense to use Ethereum unless absolutely necessary

T0Bii,

In theory.
But in practice not all content is synced compeltely, and definitely not real time.

Additionally, some instances are already defederating.

fiah,
@fiah@discuss.tchncs.de avatar

yeah true, but so far (knock on wood) I’ve had a near seamless experience with my one lemmy account. At first kbin.social wasn’t connected of course so I have a kbin.social account as well, but I don’t need it anymore

ThrowawayPermanente, in Weekly General Discussion - July 02, 2023 <-> July 09, 2023

My validator has been running for two weeks and it hasn't crashed once. Exciting times!

anon,
anon avatar

Which CL/EL clients are you running?

spez: updooting your comment takes me to an error page, WTF

spez^2: what should we replace “spez” with for edits now that we’re free from Steve Huffman’s influence?

ThrowawayPermanente,

Besu/Teku
The error when upvoting happens to me too. Thanks for trying!

refugeddit, in Weekly General Discussion - July 02, 2023 <-> July 09, 2023

@kbrot thanks for the liquity recommendation. I feel like an idiot for using MKR all these time. I seriously have no idea why LUSD is not used more with the low fees that they are giving.

Diligent-Mouse3679,

When there is a crash and you need to delever, LUSD tends to go up in price a penny or two, which can really increase your repayment costs relative to shorter term maker loans.

refugeddit,

Fair enough, but with a 3%+ interest on maker for vanilla ETH, if you're pretty under leveraged, it is a no brainer IMO.

And you're not in a hurry to close your position since it is a one time fee, not to mention lower collateral requirements.

kbrot,
kbrot avatar

For sure, liquity is pretty great. As to why it's underutilized, it's similar to what mouse is saying. Particularly in the early days, LUSD commonly ranged from 0.97 to 1.03. It was always fine in the end, but it requires that one extra step of making sure you're repaying at a beneficial time (or buying troves at a beneficial time). And of course, any add'l step makes a protocol slightly less tasty. I think the range is much smaller these days with added liquidity.

refugeddit,

Fair enough. I have basically abdicated from Maker due to their weird changes with the new 'endgame' roadmap.

Is there a similarly big lending protocol in L2? I imagine gas costs would be quite prohibitive during the bull

refugeddit, in Weekly General Discussion - July 02, 2023 <-> July 09, 2023

Continue to send it bois

TimbukNine, in Weekly General Discussion - July 02, 2023 <-> July 09, 2023

Just checking that everyone has purchased their copy of Paul Brody's Ethereum for Business (ISBN 978 195 489 2101). I'm currently working my way through it and it's very good indeed.

anon,
anon avatar

What do you like most about it?

TimbukNine,

For me, it's the number of carefully researched case studies. These lend the book relevancy for our current time (future editions will need to keep up to date) but also show that Ethereum is being used to solve real world problems.

Most folks I talk to don't have any kind of grasp of why decentralisation is important. They want a service that just works without any kind of hard thinking required. The book explains why decentralisation is so important as we move away from web2 to web3.

Definitely recommended.

anon,
anon avatar

Thank you, I’ll have to look into it. I dislike that Ethereum keeps getting painted as a solution in search of a problem, when there are tangible use cases we should keep in our back pocket as talking points for the skeptics.

T0Bii,

Trying to find the time to read it, but will hopefully do so (and finish it) within the next two weeks.

refugeddit, in Weekly General Discussion - July 02, 2023 <-> July 09, 2023

Updoot the weekly you damn savages!

Ethereum!

anon,
anon avatar

I wonder if Mr Eth is here under an anonymous handle.

refugeddit,

I thought he was already missing for a while now?

anon,
anon avatar

He was indeed! I like to think that some of the legacy /r/ethtrader and /r/ethfinance OGs moved over here anyway and are starting afresh with a new identity. I sure did :)

permissionless,

I did as well. It will be fun to try and identify anonymous users by their writing styles.

fiah,
@fiah@discuss.tchncs.de avatar

updoot it yourself you degenerate!

TimbukNine,

The state of play on 03 July 2023:

  • $1959
  • €1799
  • £1545
  • 0.064
TimbukNine,

The state of play on 04 July 2023:

  • $1951
  • €1790
  • £1537
  • 0.063

Sort by oldest at the root to get here quicker.

happytrader,

@TimbukNine Are you posting this using a bot? How?

refugeddit, in Weekly General Discussion - June 26, 2023 <-> July 02, 2023

Ohhh I like the colors on the charts, come on give me some more

T0Bii,

Will you create a new weekly? :D
I've checked out kbin APIs but to be honest it was very sad.
Maybe we can automate the creation of the weekly.

refugeddit,

On it!

LaughingMime, (edited ) in Weekly General Discussion - June 26, 2023 <-> July 02, 2023

Can't help but feel this is an inflection point.
If you made it this far without losing everything, you are going to make it.

fiah,
@fiah@discuss.tchncs.de avatar

it is a kind of self-reinforcing feel good feeling / statement, so whenever I feel something like that I try to remind myself that I’m not being objective. I guess that’s where TA can help, if you can actually stay objective when doing TA

equal-jellyfish1, in Weekly General Discussion - June 26, 2023 <-> July 02, 2023

Is learning Rust a good idea to get involved in coding in the Ethereum space?

Or anyone with work experience got any advice / want to get in touch I'd hugely appreciate it.

btoast777,
btoast777 avatar

Depends on where you come from, skill-wise:

  • If you're more on the web development side, and want to interact with contracts and such, it's probably best to learn a library like ethers.js or viem, since it already uses JS/TS and you just have to learn the concepts of wallets/providers/transactions, etc.

  • If you mean wanting to actually get involved with smart contract development itself, to me it depends if you have any other reason to learn Rust. Solidity is typically the most approachable route to go, especially with tools like Hardhat, but if you have plans to do other kinds of back-end development with Rust specifically, then it might make more sense to start there and learn.

equal-jellyfish1,

Thanks for the reply. I'm interested in backend and code efficiency more, but I like both; I guess I'll just start learning and see what fits with my skillset!

fiah,
@fiah@discuss.tchncs.de avatar

Rust is not a good entry point for anything right now, I’d say, regardless of your experience level. Either you know you need / want Rust, or you shouldn’t be touching it

instead, I recommend finding a small project that you’re interested in and then familiarizing yourself with whatever it is that is being used in that project. If you have 0 experience then perhaps there’s a 101 course somewhere for the language / frameworks being used in that project, that way you can apply what you’ve learned immediately in understanding the project you’re interested in

permissionless, in Weekly General Discussion - June 26, 2023 <-> July 02, 2023

Good to see an EthFam alternative here. Is this one of the bigger alt communities besides the Mavs Discord?

kbrot,
kbrot avatar

I like to think so. Logically there's got to be an Ethereum community on Mastodon somewhere considering how large crypto Twitter was, but I've not found it yet.

equal-jellyfish1, in Weekly General Discussion - June 26, 2023 <-> July 02, 2023

Hey everyone, checking in here! Probably going to lower my activity on reddit. Nice to see an alternative here

fiah, in Weekly General Discussion - June 26, 2023 <-> July 02, 2023
@fiah@discuss.tchncs.de avatar

things are so quiet right now

Pregnenolone, in Daily General Discussion - June 18, 2023

meth finance

virtualras, in Daily General Discussion - June 18, 2023

Not to be confused with m/methfinance

cryptOwOcurrency, in Why the obsession with the ratio?
cryptOwOcurrency avatar

Most people are in crypto for the money, and when a different asset goes up relative to ETH, they care about how much money they would have made if they had been long the other asset. It's really that simple.

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