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

T0Bii, 10 months ago

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, 10 months ago

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, 10 months ago

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

Additionally, some instances are already defederating.

fiah, 10 months ago

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, 10 months ago

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

anon, 10 months ago

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, 10 months ago

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

refugeddit, 10 months ago

@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, 10 months ago

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, 10 months ago

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, 10 months ago

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, 10 months ago

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, 10 months ago

Continue to send it bois

TimbukNine, 10 months ago

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, 10 months ago

What do you like most about it?

TimbukNine, 10 months ago

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, 10 months ago

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, 10 months ago

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

refugeddit, 10 months ago

Updoot the weekly you damn savages!

Ethereum!

anon, 10 months ago

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

refugeddit, 10 months ago

I thought he was already missing for a while now?

anon, 10 months ago

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, 10 months ago

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

fiah, 10 months ago

updoot it yourself you degenerate!

TimbukNine, 10 months ago

The state of play on 03 July 2023:

• $1959
• €1799
• £1545
• 0.064

TimbukNine, 10 months ago

The state of play on 04 July 2023:

• $1951
• €1790
• £1537
• 0.063

Sort by oldest at the root to get here quicker.

happytrader, 10 months ago

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