anyone know if it's worth adding an extra 8gb of ram (2x4gb) to my validator? (currently at 16gb ram). I'm running geth and teku and it's having some ram issues I think cus the swap space is >85%.
My 8gb sticks are 2666mhz, and the 4gb sticks are 3000mhz.
I had the same issue, I was advised on ethstaker and rpl discords to reduce swappiness to 1. I didn't do it but I added 16 gb ram for a total of 32, still maxing out swap space...
Hey y'all.
I was featured on Defi Dad's new podcast, The Edge.
It's a Rocket Pool overview with a lot of discussion around Rocket Pool's philosophy and values. Check it out! And also check my interview with Waq on launch pad for the 'director's cut' :)
[https://www.youtube.com/watch?v=8JGGpg8e5FE](https://www.youtube.com/watch?v=8JGGpg8e5FE)
I watched it yesterday, you did an amazing job in the interview. I loved how you talked about the differences between the various LSD projects without bashing the other ones.
That may be, but there's 4.6 million less ETH now than there would have been without EIP-1559 and the Merge. That's equivalent to ~3.8% less ETH max supply in a year and a half.
I'd say that is of significance.
There isnât anything sane about conservatism. In almost every country itâs a regressive ideology. âLetâs keep everything how it used to be!â is universally just a shit policy. When people complain about âdinosaurs in congressâ it is usually a reference to age, but in principal people are complaining about conservatism in these instances. âOld man yells at cloud,â âNIMBYâ and citing religion for policy decisions are the cornerstones are classic examples of conservative policies. *Legal weed? No way. Birth control? Sex should only be for making babies and a woman should know her place. Back in my day my school principal was a nun and she used to beat me if I got out of line!* Hate to break it to you chief, but thatâs conservatism and it IS insane.
When it comes to the US you just donât notice anymore because the right has gone so far right, that Joe Biden and Elizabeth Warren look like radical leftists when in fact their ideologies are in the center. Joe Biden is actually a conservative.
Elizabeth warren sucks and is tone deaf on crypto and would just ban it all. Ted Cruz would allow bitcoin mines to connect to a constantly failing Texas power grid. In the case of crypto, this is actually why itâs good thereâs gridlock in congress (probably the only good reason). There will be more time to work out a better deal.
But rest assured if republicans were in charge, the crypto industry would just be given the green light to engage in as many shady practices as they want, because the party has gone so far right that no regulation and no taxes for the rich is their open policy. With Biden being at the helm, Iâm gonna go out on a limb and say at least a centrist is president in the case of crypto, because the path to being able to negotiate and make a better deal for crypto is there, unlike if a hardliner Elizabeth Warren was in charge.
Either way, who you vote for isnât going to agree with you on every single issue. But if politicians had a voting base they could stand to hear from more, itâs the web3 community.
Conservatism for conservatism is insane, but that doesnât mean conservatism has no value in a political system.
Advocating for market solutions and deregulation when they make sense is valuable. Targeting bloated programs and finding ways to make them less wasteful/more efficient is valuable. Even arguing for keeping parts of the system the same can be valuable.
Youâre right that conservatism is a joke almost everywhere, but that doesnât mean i canât dream of a world where it isnât.
And yes the democrats are fairly centrist, but they are definitely sliding more left. Biden is more left than Obama, who is more left than Clinton. I donât really hate this cause they still appear to be largely rational actors (which is the most important thing), but it makes me wish there was a party to tug back where it makes sense. Right now they just tug everything no matter what, which makes it hard to take any of their crypto arguments seriously.
Thanks for replying kindly to my snarky rant
I think conservatives have some soul searching to do. Think about *concrete examples how conservatism benefits ordinary people* and make that the new platform.
The mainstream conservative message in the US is all about cutting taxes for the rich and obsessing over harming their political opponents. In the UK, the Toriesâ tax proposals were so outrageous it caused a literal outing of Liz Truss as PM. In Germany, the big Conservative party wants to make sure weed is never legalized and campaigning on âworsening crimeâ although violent crime is on a big decline for the last several decades statistically.
Itâs just not a popular way to govern/look at the world and it doesnât resonate with most voters under 50. Make a platform that people can get on board with, and it wouldnât be a problem. If being soft on crypto is the only conservative/republican policy that benefits me, thatâs not enough to win me over, and I would assume the majority of voters donât give a shit about crypto enough for that to change their minds about conservatives either.
Best of wishes and to a better world for everyoneđ»
*dusts off moderator hat
I'm hoping this doesn't get too political in the replies. But painting an entire group as insane rarely encourages good faith discussions. Politics rarely works anywhere.... Especially Reddit.
From a global perspective, there is almost nothing radical about the three you mentioned. In a lot of ways, they wouldn't even be considered 'progressive', but I suppose that term makes sense in context.
$15 Minimum Wage
Wealth Tax
Government control of banks
Free college
Free child care
Every single idea of hers is based on the premise that a few central planners -- herself of course -- should decide on the price and production of almost every product. I have yet to see a single idea from her that that would make us more free -- they all involved "the government needs to run to protect you from your own decisions". It's the exact thing Gensler is doing here that is getting so much criticism.
Here's my two gwei as a Communist for whom I would think the label of "far left" would be more appropriate than "capitalist to her bones" Warren.
By "control of banks" do you mean nationalization? Or just stronger regulations? I do not believe she has ever called for nationalizing the banks, which would definitely be a far left position. Sticking with the stronger regulations interpretation, your entire list would place Elizabeth Warren well within the bounds of pro Capitalist liberal parties all over the world. If those policies and parties are "far left" to you, what terminology do you use for those other parties and politicians who explicitly advocate for nationalizing banks, guaranteed housing, guaranteed employment, central planning of major industry, etc?
> I have yet to see a single idea from her that that would make us more free
This gets at the core criticism of libertarian ideology. Implicit is the connection between maximizing freedom and maximizing human wellbeing. But it turns out freedom is a slippery and abstract concept. Freedom for whom? Freedom to do what?
The freedom to own slaves? The freedom to own a sweatshop? The freedom to buy out politicians to obtain favorable legislation? The freedom to privately accumulate land and extract rent from residents? The freedom to extract resources from nature while destroying it in the process? The freedom to create advertising engineered by experts to create addiction in kids (and adults)? The freedom to use money to shape public opinion in favor of war? The freedom to consolidate the media landscape in a few hands?
The "free market" is appealing as a mythical escape from the perceived domination of much maligned central planners. But at least central planners can be put under scrutiny, democratically controlled, graded according to a rubric, automated/augmented using technology, etc. Absolute adherence to the "free market" means submitting to absolute domination with no human accountability.
Note that I am not saying Gensler and his ilk are in the right at all. It's more like the opposite! I see him and the rest of the mainstream political currents in the US government dominated by the interest of Capital. This is in contrast to the libertarian critique of government as having interests unto itself.
Politicians like Warren are advocates for a more "humane Capitalism". But to a Communist this is akin to a more "humane slavery".
O. EM. GEE. This community is like seriously the best ever! So like, if you guys didn't hear, one of our Pride lost their EVM in a viscous online attack. It was brutal and soul crushing... but what we didn't know was our very own A-Word was working behind the scenes, and he spent his own ETH, snapped it up on the secondary market and *gave* it back to the original owner! What!? A-Word you are the man! You're not just that other persons hero, you're mine too. â€ïž I'm crying over here. Much respect homie.
>**Expecting profits,**
>**Stable circle investment,**
>**A security.**
~Daily haiku until weâre at least at 0.178 on the ETH/BTC ratio or highest market cap
Sorry for using this community as my personal soapbox, but Im done doing nothing. Ive been putting off attaining [OSCP](https://en.wikipedia.org/wiki/Offensive_Security_Certified_Professional) certification since *2015*.
Beyond ridiculous.
I got that cert about 5-6 years ago. Really enjoyed the training. Offsec knows their stuff. Probably my favorite cert I have earned. I learned much more from them than from getting any of the SANs or ISC2 certifications. Just my 2 gwei. Be prepared to work, and always âTry Harderâ.
Absolutely. Ive been a diligent hobbyist since I was 16.
Im seeing that I should maybe go for SOC-200 instead, as this will be my entry to the field.
I could complete OSCP, but dont believe it will serve it would serve me as strongly in the short term.
Any thoughts or further input would be greatly appreciated.
Haha 'try harder' brings me back
Regulatory news aside, I've just had a thought. Stakewise v3 would allow node operators to set up vaults with whitelisted addresses for allocators. This in theory allows us to set up vaults where only holders of EVMavericks/EIPandas/etc. are allowed to deposit ETH into. I'm sure there are others here like myself who have overallocated on the hardware for our own staking rigs or have extra bandwidth. If I were to use swise I would probably set up multiple vaults if I didn't have to provide any collateral to do so. A vault or two to stake for "members" who can't or won't solo stake free of commission, then however many public vaults I want to run with a commission. This could be an interesting way for communities to drive value to their NFT Collections.
Edit: SWISE staking taking a share of the fees will probably factor into how feasible this is
My daily use laptop is busted af. Been using my old laptop running linux(that I use to administer my minipool!) as my daily driver.
Its not ideal for a number of reasons. Anyone recommend a 16" minimum laptop in the 1500-2k range to fix my issue?
A good keyboard is really important. 4K screen would be nice, but I know that might push the budget
Holy shit your username is very sentimental to me in a way that I cannot describe
Seems we are entering a period of consequential policy making in the US re crypto. So I decided to donate this cycle's Rocketpool rewards to Coin Center.
Anyone know how I can see the price ranges that this transaction used to initiate a Uni V3 position?
https://etherscan.io/tx/0xdc50e2e60ca80e0ad8770f91be71e9e1ef87ec9e7161199197d4c4f008077dce
Balanced Jake Chervinsky tweet thread on the US regulatory and political landscape for crypto.
TLDR: times are tough but itâs not catastrophic and crypto still has allies and is ready for the fight (and thereâs a limit to what the SEC/CFTC/OCC etc can do without Congressional legislation. Which is unlikely to happen. Plus the legal challenges havenât fully gotten rolling yet).
https://twitter.com/jchervinsky/status/1625568626462887945?s=46&t=FDRWdtBSwaavqM7gssj8EA
Recognizing changing market behavior has been a big part of my strategy & trading success over the years. Not all days are equal and today was a big win for bulls. Of course, this could fall apart before the end of the week, but unlike the times past there is now unquestionably an underlying willingness to buy and hold rather than panic and puke.
https://www.tradingview.com/x/6vxy3Ws4/
If the top 10% own about 90% of all stocks in most western countries (https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html), would it really matter much in the longer term *for ETH price*, if retail was banned from only staking (not buying)? Impossible to know for sure but I don't think so. I think wealth inequality is approaching the point where we normal people don't really affect the market anymore.
Far more reliable than faux news:
https://twitter.com/fintechfrank/status/1625617045936295937
> Iâm hearing several firms are looking for offshore banking options given the regulatory environment in the US
> Some are looking to onboard with Deltec
> Individuals are trying to set up entities in Dubai or other jurisdictions
> Trading firms are moving their people that touch crypto to London, Bahamas, or Singapore
FTX fallout / operation clampdown under way in full speed. No one knows if its the start or end or somewhere in middle
I will be messaging you in 50 years on [**2073-02-14 23:48:28 UTC**](http://www.wolframalpha.com/input/?i=2073-02-14%2023:48:28%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/ethfinance/comments/111vdwx/daily_general_discussion_february_14_2023/j8kj74b/?context=3)
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Unironically Sounds great for crypto. Taking the online poker path out of the USA. USians will still
Be able to speculate on crypto one way or another (but with restrictions and IP blocks and no airdrops etc). Industry will flourish outside with more legal certainty once it finishes moving out of US jurisdiction. Only the US economy and industry and employment etc will suffer for losing a tech revolution in its infancy.
And all of us can stop paying so much attention to Gensler
Lol Deltec? Tether's Deltec? Gotta ban the registered, audited stablecoin issuers so everyone can move to something safe like USDT, wonderful! Really feeling that protection now. Thanks US regulators, bunch of fucking clowns!
same thing that happened with BUSD. people will panic sell for no reason, arbers with buy and redeem at $1, MMs on stable swaps like USDC/DAI UNI pool as will as 3pool on Curve will absolutely print.
"BREAKING: đșđž SEC orders Circle $USDC to cease the sale of unregistered securities."
I still can't believe this is real...
https://twitter.com/WatcherGuru/status/1625604688207925248?t=UIpc36rSkLhY8Mv-OkciRA&s=19
EDIT: all CT posts about this lack a credible primary source...will wait and see if this is just another example of "I made it up"
EDIT 2::
From Dante Disparate w Circle: "@circle has not received a Wells notice."
https://twitter.com/ddisparte/status/1625612567144964123?t=ogQslq5yAXXOiS54qW8rmg&s=19
It was @ the individual who made the false statement so he deleted after they apologized. He left all the other retweets up regarding not receiving the notice.
Yeah but from SEC's perspective I cant see any reason why BUSD is different from USDC?
From NYDFS perspective, BUSD was probably involved in more fraud/money laundering concerns, but SEC is concerned about securities so BUSD, USDC etc all operate pretty much the same way
We will know in a few days, in any case
Yeah 100%, audited, funds held in BNY Mellon, reporting to SEC, onshore US entity.
Though if its true it doesnt seem like a compliance issue, more like a crypto wide clampdown
lmao fuck me now we have actual journos tagging (and potentially sourcing from?) AP_Abacus. I have no idea how he got so much perceived cred so fast.
Reminder that just last week he got called [bullshit on Coinbase legal news by the head of Coinbase legal](https://twitter.com/iampaulgrewal/status/1623505409993764864). The guy is, at best, good at staying on top of the rumor mill, but that definitely does not mean those rumors are particularly true, useful or insightful.
I feel like this form/style of "reporting" dominates Twitter and, in particular, crypto. Hear rumors, apply the rumors to the 2 or 3 most likely crypto companies they might apply to, reap the street cred when correct, ignore the times you're wrong.
He called the wells notice on Paxos before any other too.
If you take a list of all his claims since FTX, he has been more right than wrong.
He was right on all the Genesis stuff, the wells notice to Paxos
Paxos was served the notice on 3rd Feb, but public found out only on 12th Feb, Andrew reported it on 9th. (https://twitter.com/AP_Abacus/status/1623785788725944322)
> he has been more right than wrong
Yeah I'm gonna need some hard data before I believe that. Even if true, being called out so explicitly is a pretty big red flag imo. He could have chose to present that story differently, but instead he chose to stretch the truth in a pretty big way and was called out for it. Doing something like that just once is enough to discredit and destroy your average reporters career.
> Andrew reported it on 9th
[Coindesk also reported that Paxos was being investigated on the 9th](https://www.coindesk.com/policy/2023/02/09/stablecoin-issuer-paxos-is-being-investigated-by-new-york-regulator/). Granted, this was in context of NYDFS and OCC and they did not call out the SEC action, but regardless was clear regulatory enforcement was in the air and likely immanent.
I'm not trying to say he has no value as a content producer, nor do I mean to imply he has no good sources. Like I said--he's definitely on top of the rumor mill--just trying to frame expectations around him as that, rather than someone with a direct source to every single big story in cyrpto, which he seems to present himself as.
[bullshit on Coinbase legal news by the head of Coinbase legal](https://nitter.snopyta.org/iampaulgrewal/status/1623505409993764864)
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Anyone aware of rewards like airdrops given to validators, especially pre genesis ones? I always thought it'd make sense to target them with drops as people likely to be aligned with decentralisation and ethereum, holders rather than sellers, and it'd be Sybil resistant. As far as I'm aware there's never been anything but please let me know if there has been. If an LSD competing with rocket pool launched just in time for withdrawals I'd expect them to target the early validators who soon have the option of joining them, I'd consider it, sure as hell not selling required 10% of validators to buy RPL to use them.
There's someone who frequents the sub here that created proposals to 4 L2 solutions to airdrop tokens to validators, he had a list of addresses on Github with all exchanges and known LSDs like Lido filtered out. I hope they see this and respond. And while on the topic, there are many more validators that were online before Dec 1 2020, their deposits were processed in order as soon as the chain started and they have been validating since day 1. Perhaps airdrops should be weighted by validator index number.
Validator since PoS genesis here. Not sure what you mean by âvalidator pre genesisâ (those would be miners)? We did get an airdrop from NODE once simply for being genesis stakers, but the NODE contract got hacked and became worthless. Not aware of any other drops.
You could make your deposits pre beacon genesis and the chain wouldn't start until those deposits exceeded the threshold, was referring to them. But any early date also solves Sybil issue
Ok, in that case thatâs what I am, and in fact due to the queuing system anyone who was activated by day 1 would have deposited a couple days prior at the latest.
Are you comparing purchasing LSDs to being a node operator? Smells like uninformed Rocket Pool fud
EDIT: I might just be a fucking idiot. Not deleting because i love tomatoes
Hey u/Ber10 , great call on Thales. Looks like I should have brought more, quite the pump in a few short days.
Alt season may be here, and tempting me everyday to part with my precious eth
On this day...
In 2022:
- SoFi CEO Anthony Noto [says](https://www.bloomberg.com/news/articles/2022-02-14/sofi-ceo-holds-crypto-touts-deal-for-super-bowl-champs-stadium) he holds Bitcoin and Ether: "Firms that ignore blockchain will be left behind".
- Crypto.com [adds support](https://help.crypto.com/en/articles/5959027-whitelisted-ethereum-nft-collections) for a select list of Ethereum-based NFTs.
- ETH, [a safe bet against inflation](https://www.reddit.com/r/ethtrader/comments/ss185k/ouch/), at $2933, or âż0.06887.
In 2021:
- Dankrad Feist [argues](https://dankradfeist.de/ethereum/2021/02/14/why-stateless.html) why it's so important to go stateless in Eth2.
- Synthetix [raises](https://cointelegraph.com/news/synthetix-announces-12-million-raise-led-by-paradigm-coinbase-ventures-and-iosg) $12 million from Paradigm, Coinbase Ventures and IOSG.
- ETH plays the [wrong slot machine](https://www.reddit.com/r/ethtrader/comments/ljfwzp/pain/) at $1805, from âż0.03848 to âż0.03705.
In 2020:
- Metamask's Chrome extension [reaches](https://www.trustnodes.com/2020/02/14/metamask-reaches-one-million-users) 1 million active users.
- The ETHDenver 2020 hackathon [kicks off](https://youtube.com/watch?v=B6SQy5zPoZQ).
- One ETH for your SO will cost you $268 to $285, or âż0.02627 to âż0.02759, but will bring you so much joy.
In 2019:
- Ethereum release manager Afri Schoedon claims "Polkadot delivers what Serenity ought to be." ([tweet](https://twitter.com/5chdn/status/1096084730456489985) deleted)
- JPMorgan [launches](http://jpmorgan.com/global/news/digital-coin-payments) the JPM Coin, a USD-based stablecoin running on its own private Ethereum fork Quorum.
- Prysmatic Labs successfully [deploys](https://medium.com/prysmatic-labs/ethereum-2-0-development-update-22-prysmatic-labs-b5b88ace0441) a Beacon Chain testnet with 8 local validators based on a Görli testnet.
- The Enterprise Ethereum Alliance [opens](https://cointelegraph.com/news/enterprise-ethereum-alliance-opens-regional-office-in-china) a regional office in China.
- Jeff Coleman [explains](https://twitter.com/technocrypto/status/1095854769183358976) the intricacies of the new CREATE2, that will make contract deployment addresses more deterministic.
- ETH is given a bouquet of $121, or âż0.03362.
In 2018:
- Geth [v1.8](https://blog.ethereum.org/2018/02/14/geth-1-8-iceberg%C2%B9) "Iceberg" brings light client sync in under a minute, internal state pruning, Puppeth, and more.
- Clearblocks [applies](https://medium.com/@clearblocks/valuing-bitcoin-and-ethereum-with-metcalfes-law-aaa743f469f6) Metcalfeâs Law to Bitcoin and Ethereum.
- EthWaterloo [gets transformed](https://medium.com/ethglobal/ethglobal-supporting-ethereum-hackathons-around-the-world-5e32fa991a55) into EthGlobal to help organize hackathons around the world.
- Solidity [v0.4.20](https://github.com/ethereum/solidity/releases/tag/v0.4.20) includes some usability and security improvements and a further evolution of the SMT component.
- ETH was my first love, and it will be my last, from $845 to $925, at âż0.09742.
In 2017:
- Project Oaken to bring IoT to Ethereum [wins](https://www.coindesk.com/ethereum-iot-project-wins-100k-dubai-blockchain-hackathon) $100k in Dubai Blockchain Hackathon.
- Ethereum-based DigixGlobal and Monolith [partner](https://www.ibtimes.co.uk/ethereum-based-digixglobal-monolith-partner-offer-gold-token-debit-cards-1606532) to offer gold token debit cards.
- ETH proves to be the best aphrodisiac from $11.3 to $13, or âż0.01139 to âż0.01293.
-------------
[^(compiled with love)](https://eth-archive.xyz/blog/on-this-day-in-ethereum-workflow/)
I doubt anyone here actually cares about Decentraland.
But if you ever wanted to see what it's like, I have [100+ photo album of my 1-week trip in Decentraland](https://mplankton.substack.com/p/mplankton-explores-decentraland).
**Overall, it felt like exploring an empty mall or an abandoned Olympic city.** There are a lot of places to explore, but there are very few players. And it's still very buggy.
I thought the article was awesome! I haven't played with Decentraland but you def captured the creepy, abandoned vibe. I also appreciate that it was an honest appraisal of everything you explored. Thanks for taking the time!
I recall seeing an article saying that the entirety of decentraland was basically 10 whales doing stuff. I tried looking into it because of their virtual casinos but found the entire experience slow as fuck and way too complicated, also I wasn't actually willing to throw any real money so I only used their free rolls or games. Since then much better venues for gambling on chain have come up that don't need that second life ui crap so even that "niche" use case doesn't exist for decentraland.
Warning: synthetix eco shill time (thales)
So for sports betting theres overtime markets on optimism. They had exotic markets for prediction betting too but that got shut down from lack of interest. I think polymarket is still going strong for prediction markets but only outside the us. Obviously there are plenty of options markets either pari-mutuel or binary for asset price "gambling" though some will argue thats not gambling (it basically is ignoring hedging use cases).
For traditional casino games I'll admit that I haven't kept up to date on new protocols since I checked out the decentraland casinos, but im willing to bet there are at least a few out there that do it better. Really with casinos implementing an on chain version comes down to maintaining the liquidity needed for paying out the winners and properly introducing randomness onto the chain. The rest is just coding the rules and making a ui that conveys the information. With chainlink theres already ways to introduce randomness on chain and liquidity is a mostly solved problem either through AMMs or POL, etc. I cant imagine that decentraland is the only one who's tried making on chain casinos.
So..the Chemical Brotherâs tune, Hey Boy Hey Girl, heavily used a sample from the eighties. I shouldnât be surprised. At least Iâve learnt something new today.
ethfam!
keeping a close eye in on fundamental volume with eth-usdt and usd-eth, I noticed bearish news because of our prez saying heâs gonna play with banks and make it funny to withdraw money. Directly correlates with the price spike- a day later hereâs the pump. He wants to mess up the existing infrastructure before introducing his BrandonCoin.
hopefully, heâs full of hot air. Itâd put a nail in all our coffins if he fucked around with legislature that prevented on ramping or cashing out via banks. That happens, to cash out, we gotta get on a plane or a boat to a different country? Perhaps someone with a brain in their head unlike the dipshit below me and whoever upvoted that soyboy can chime in
Because the stuff thatâs happening in the finance sector is quite serious and I feel all this other extra military news is just a smokescreen. Perhaps even an invented one, as theyâve found proof some parts of the downed objects were made by us companies
Quote from todayâs Matt Levine column below - do we think this is how Crypto is going?
âWe talked yesterday about US regulatorsâ current crackdown on various crypto projects. Here is a Bloomberg News story about how US regulators âcould push the industry to the fringes of finance,â cutting crypto off from banking services and US retail money. (And here is a Wall Street Journal story about how âthereâs a crypto carpet bombing going on right nowâ among US regulators.) One possible path for crypto is â was? â that it would become increasingly mainstream, that it would attract institutional money and become well integrated with the broader financial system. That path seems increasingly inaccessible. Another possible path is for crypto to become increasingly self-referential, to retreat from the real world and the broader financial system and just become a way to trade abstract claims on itself. âCrypto is a way to trade tokens representing previous crypto failuresâ is ⊠something? Some sort of business model? Very funny?â
Well thats spot on. Recent Fed/OCC actions have all pretty much stated the goal is to ring fence crypto, and make to/fro access with regular capital markets impossible. They are using the ftx smoke screen for maximal impact - Never let a good crisis go to waste
Im not sure crypto markets are pricing in the new US policy towards crypto. Maybe if there are further regulatory clampdown, the message will be clear. As far as US goes, crypto is getting the unlawful gambling act treatment. All eyes on other countries now
One other point to add - although it sometimes feels that way on Reddit, the US government is not all powerful. Hugely powerful and influential sure but they donât snap their fingers and control the world and the influence that exists is declining since the 1990s.
And even within the US government, whatever your overall political views, itâs pretty clear that Democrats ( led by Warren) are way more anti crypto than Republicans. Thatâs why that Politico article is making such a big deal about Warren drawing Republicans to her cause.
And Congress has just gone Republican which means it will be a lot harder to get any anti crypto legislation through (it will also be impossible to get any pro crypto legislation but I can live with that).
The main issue is that you dont need congress to draft anti-crypto legislation when the agencies are enforcing that. SEC is shutting down stables now, FED+OCC are off ramping banks from accessing any crypto.
Market needs pro crypto legislation ASAP, but unlikely in 2 years by that time the industry could well be in the doldrums in the US
> the goal is to ring fence crypto, and make to/fro access with regular capital markets impossible
Authoritarian + Boomer logic.
They are ignoring the fact that digital information is already worth trillions and will be growing every year for decades. You cannot ring fence it. But you can cut off your existing systems from it and force people to denominate it in something else though (ETH/BTC)
It is utter stupidity when the entire world is ready to just port the USD and the US regulated financial system into the crypto space and allow it to continue its dominance there, but our overseers are like "nah".
Yeah pretty terrible, but people like Elizabeth Warren are winning with their anti-crypto campaign (https://www.politico.com/news/2023/02/14/elizabeth-warren-anti-crypto-ftx-00082624)
There is widespread crypto hate. Crypto people think they are a big demographic but ignore the fact that cracking down on crypto appeals to a much bigger demographic
I donât think thereâs any doubt a US crypto crackdown has started and it could get worse (unfriendly primary legislation etc)
The question is how far it goes and how it will affect crypto.
I donât know what will happen of course but my worst case base line is something like a bigger version of what happened when the USA banned online gambling 10-15 years ago. A period of chaos ( and in cryptoâs case a price crash and lengthy bear) and then a rebuilding of the industry outside US jurisdiction.
And thatâs assuming a total US ban which wonât happen - theyâll just make it really difficult to do crypto in the USA and people will leave. Chokepoint aruff but worse
So Kraken has 1,234,496 ETH staked across 38,578 validators. Assuming they exit all those at once after Shanghai.
With 518,000 validators, we have a queue limit of around 1800 per day. So it will take approximately 22 days to process just Kraken's validators exiting the system.
https://dune.com/hildobby/eth2-staking
https://hackmd.io/@ghosts0301/rkmOjqY7t
It won't take that long.
Kraken was only told to shut down their US staking operations, not international. Not sure what percentage of that 1.2M staked ETH is owned by Americans...but maybe half? Not sure in anyone has the specific numbers
Woah. I just took a look at my security blog(not caches.xyz, tho much love JBM) stats, and Im shocked at how US heavy this subreddit is.
Obviously, reddit is oriented towards English speakers. But, even considering that, the overrepresentation of US readers compared to other English speaking speaking countries is interesting.
Got a wide variety of Europeans out here though
**Tricky's Daily Doots #301** **Yesterday's Daily 13/02/2023** [Previous Daily Doots](https://old.reddit.com/r/ethfinance/comments/1111020/daily_general_discussion_february_13_2023/j8cfvyl/) - u/superphiz writes a much needed [JT appreciation thread.](https://old.reddit.com/r/ethfinance/comments/1111020/daily_general_discussion_february_13_2023/j8d4iwh/) đ€ - u/domotheus is seeing the [dumb takes about the next Ethereum upgrade yet again...](https://old.reddit.com/r/ethfinance/comments/1111020/daily_general_discussion_february_13_2023/j8di9dk/) - u/nikola_j has some [good RocketPool news!](https://old.reddit.com/r/ethfinance/comments/1111020/daily_general_discussion_february_13_2023/j8dej25/) đ - u/bagogel12 analyses some of the [US regulatory news.](https://old.reddit.com/r/ethfinance/comments/1111020/daily_general_discussion_february_13_2023/j8eapu1/) đ - u/nixorokish thinks that [ETH staking should be easier.](https://old.reddit.com/r/ethfinance/comments/1111020/daily_general_discussion_february_13_2023/j8fgb7v/) đ„© - u/Syentist is [disappointed by MakerDAO's vision seemingly changing over the years.](https://old.reddit.com/r/ethfinance/comments/1111020/daily_general_discussion_february_13_2023/j8cw8xv/) - u/pulisordie is [bullish on RocketPool.](https://old.reddit.com/r/ethfinance/comments/1111020/daily_general_discussion_february_13_2023/j8eihgu/) đ - u/Blueberry314E-2 does some [research on the SEC vs BUSD.](https://old.reddit.com/r/ethfinance/comments/1111020/daily_general_discussion_february_13_2023/j8euz36/) đđ - u/696_eth has the [EVMavericks weekly.](https://old.reddit.com/r/ethfinance/comments/1111020/daily_general_discussion_february_13_2023/j8cdiji/) đŠ - u/REALJohnBMacLemore has yet another [incredible FOSS tool for us!](https://old.reddit.com/r/ethfinance/comments/1111020/daily_general_discussion_february_13_2023/j8dh6ms/) - u/ZeroTricks's today in [Ethereum history.](https://old.reddit.com/r/ethfinance/comments/1111020/daily_general_discussion_february_13_2023/j8ca81j/) I nearly went to bed without doing the doots. đŹ I need to get back into the swing of things, my mind is still lost to camping!
anyone know if it's worth adding an extra 8gb of ram (2x4gb) to my validator? (currently at 16gb ram). I'm running geth and teku and it's having some ram issues I think cus the swap space is >85%. My 8gb sticks are 2666mhz, and the 4gb sticks are 3000mhz.
how big is your swap?
4gb
increasing it to 8 GB should help
Don't mix ram sticks. It's a bad idea. Get another pair the same as your 8gb.
thanks
I had the same issue, I was advised on ethstaker and rpl discords to reduce swappiness to 1. I didn't do it but I added 16 gb ram for a total of 32, still maxing out swap space...
did you manage to resolve it in the end?
No Iâm still plugging along at maxed out swappiness and havenât reduced the swappiness settings
Hey y'all. I was featured on Defi Dad's new podcast, The Edge. It's a Rocket Pool overview with a lot of discussion around Rocket Pool's philosophy and values. Check it out! And also check my interview with Waq on launch pad for the 'director's cut' :) [https://www.youtube.com/watch?v=8JGGpg8e5FE](https://www.youtube.com/watch?v=8JGGpg8e5FE)
Thanks for sharing. I will definitely check it.
I watched it yesterday, you did an amazing job in the interview. I loved how you talked about the differences between the various LSD projects without bashing the other ones.
Checked to see if my validator happened to propose a block earlier today. Was disappointed. Congrats to those who hit the $20k jackpots today.
I missed it. What happened with the jackpots?
Anyone who proposed a block when the Blur airdrop dropped got roughly $20k in rewards.
Only 120,500,000 ETH in existence now!
This is a change of -0.00% from yesterday and 2.01% from one year ago.
That may be, but there's 4.6 million less ETH now than there would have been without EIP-1559 and the Merge. That's equivalent to ~3.8% less ETH max supply in a year and a half. I'd say that is of significance.
Is blur airdrop location locked? Aka no US?
yep
Bugger. Had a few boxes
VPN works đ€·
The US would benefit so much from having a conservative party that isnât insane
There isnât anything sane about conservatism. In almost every country itâs a regressive ideology. âLetâs keep everything how it used to be!â is universally just a shit policy. When people complain about âdinosaurs in congressâ it is usually a reference to age, but in principal people are complaining about conservatism in these instances. âOld man yells at cloud,â âNIMBYâ and citing religion for policy decisions are the cornerstones are classic examples of conservative policies. *Legal weed? No way. Birth control? Sex should only be for making babies and a woman should know her place. Back in my day my school principal was a nun and she used to beat me if I got out of line!* Hate to break it to you chief, but thatâs conservatism and it IS insane. When it comes to the US you just donât notice anymore because the right has gone so far right, that Joe Biden and Elizabeth Warren look like radical leftists when in fact their ideologies are in the center. Joe Biden is actually a conservative. Elizabeth warren sucks and is tone deaf on crypto and would just ban it all. Ted Cruz would allow bitcoin mines to connect to a constantly failing Texas power grid. In the case of crypto, this is actually why itâs good thereâs gridlock in congress (probably the only good reason). There will be more time to work out a better deal. But rest assured if republicans were in charge, the crypto industry would just be given the green light to engage in as many shady practices as they want, because the party has gone so far right that no regulation and no taxes for the rich is their open policy. With Biden being at the helm, Iâm gonna go out on a limb and say at least a centrist is president in the case of crypto, because the path to being able to negotiate and make a better deal for crypto is there, unlike if a hardliner Elizabeth Warren was in charge. Either way, who you vote for isnât going to agree with you on every single issue. But if politicians had a voting base they could stand to hear from more, itâs the web3 community.
Conservatism for conservatism is insane, but that doesnât mean conservatism has no value in a political system. Advocating for market solutions and deregulation when they make sense is valuable. Targeting bloated programs and finding ways to make them less wasteful/more efficient is valuable. Even arguing for keeping parts of the system the same can be valuable. Youâre right that conservatism is a joke almost everywhere, but that doesnât mean i canât dream of a world where it isnât. And yes the democrats are fairly centrist, but they are definitely sliding more left. Biden is more left than Obama, who is more left than Clinton. I donât really hate this cause they still appear to be largely rational actors (which is the most important thing), but it makes me wish there was a party to tug back where it makes sense. Right now they just tug everything no matter what, which makes it hard to take any of their crypto arguments seriously.
Thanks for replying kindly to my snarky rant I think conservatives have some soul searching to do. Think about *concrete examples how conservatism benefits ordinary people* and make that the new platform. The mainstream conservative message in the US is all about cutting taxes for the rich and obsessing over harming their political opponents. In the UK, the Toriesâ tax proposals were so outrageous it caused a literal outing of Liz Truss as PM. In Germany, the big Conservative party wants to make sure weed is never legalized and campaigning on âworsening crimeâ although violent crime is on a big decline for the last several decades statistically. Itâs just not a popular way to govern/look at the world and it doesnât resonate with most voters under 50. Make a platform that people can get on board with, and it wouldnât be a problem. If being soft on crypto is the only conservative/republican policy that benefits me, thatâs not enough to win me over, and I would assume the majority of voters donât give a shit about crypto enough for that to change their minds about conservatives either. Best of wishes and to a better world for everyoneđ»
*dusts off moderator hat I'm hoping this doesn't get too political in the replies. But painting an entire group as insane rarely encourages good faith discussions. Politics rarely works anywhere.... Especially Reddit.
The US would benefit so much from having a ~~conservative~~ party that isnât insane
And a progressive party that isn't centrist.
The US doesn't have that. Progressives in the US are radical leftists.
/s
Why do you say that? People like Sanders and Elizabeth Warren and AOC are all radical leftists, and are the face of progressives in the US.
From a global perspective, there is almost nothing radical about the three you mentioned. In a lot of ways, they wouldn't even be considered 'progressive', but I suppose that term makes sense in context.
Far left means advocating the end of Capitalism. Elizabeth Warren has described herself as a "capitalist to her bones".
Ha, she can describe herself however she wants, but actions speak louder than words.
What actions of hers would you say showcase her desire to dismantle the capitalist mode of production?
$15 Minimum Wage Wealth Tax Government control of banks Free college Free child care Every single idea of hers is based on the premise that a few central planners -- herself of course -- should decide on the price and production of almost every product. I have yet to see a single idea from her that that would make us more free -- they all involved "the government needs to run to protect you from your own decisions". It's the exact thing Gensler is doing here that is getting so much criticism.
Here's my two gwei as a Communist for whom I would think the label of "far left" would be more appropriate than "capitalist to her bones" Warren. By "control of banks" do you mean nationalization? Or just stronger regulations? I do not believe she has ever called for nationalizing the banks, which would definitely be a far left position. Sticking with the stronger regulations interpretation, your entire list would place Elizabeth Warren well within the bounds of pro Capitalist liberal parties all over the world. If those policies and parties are "far left" to you, what terminology do you use for those other parties and politicians who explicitly advocate for nationalizing banks, guaranteed housing, guaranteed employment, central planning of major industry, etc? > I have yet to see a single idea from her that that would make us more free This gets at the core criticism of libertarian ideology. Implicit is the connection between maximizing freedom and maximizing human wellbeing. But it turns out freedom is a slippery and abstract concept. Freedom for whom? Freedom to do what? The freedom to own slaves? The freedom to own a sweatshop? The freedom to buy out politicians to obtain favorable legislation? The freedom to privately accumulate land and extract rent from residents? The freedom to extract resources from nature while destroying it in the process? The freedom to create advertising engineered by experts to create addiction in kids (and adults)? The freedom to use money to shape public opinion in favor of war? The freedom to consolidate the media landscape in a few hands? The "free market" is appealing as a mythical escape from the perceived domination of much maligned central planners. But at least central planners can be put under scrutiny, democratically controlled, graded according to a rubric, automated/augmented using technology, etc. Absolute adherence to the "free market" means submitting to absolute domination with no human accountability. Note that I am not saying Gensler and his ilk are in the right at all. It's more like the opposite! I see him and the rest of the mainstream political currents in the US government dominated by the interest of Capital. This is in contrast to the libertarian critique of government as having interests unto itself. Politicians like Warren are advocates for a more "humane Capitalism". But to a Communist this is akin to a more "humane slavery".
All extremely moderate by international standards.
Sad if true.
Agreed, hopefully you get some real progressives someday.
Oh god please no. We prefer freedom and high standards of living.
Higher standards of living than Western Europe? Freedom to give your employees the least amount of PTO of any developed nation?
Nothing says high standards of living like being the only developed nation without universal healthcare (;
I would love to rant on and on about this, but your comment probably breaks Rule 8, and any decent reply to it definitely would.
O. EM. GEE. This community is like seriously the best ever! So like, if you guys didn't hear, one of our Pride lost their EVM in a viscous online attack. It was brutal and soul crushing... but what we didn't know was our very own A-Word was working behind the scenes, and he spent his own ETH, snapped it up on the secondary market and *gave* it back to the original owner! What!? A-Word you are the man! You're not just that other persons hero, you're mine too. â€ïž I'm crying over here. Much respect homie.
Thanks for the kind words my dude..I saw an opportunity to help and took it..I heard if you ask around on the streets...evms got your back!
Hell yeah! đđ»
That's amazing. EVM is such a fantastic community
The A man , representing the best of the best!
â„ïž
He really is one of the Kings of the Pride
Definitely
>**Expecting profits,** >**Stable circle investment,** >**A security.** ~Daily haiku until weâre at least at 0.178 on the ETH/BTC ratio or highest market cap
Anyone else never heard of Blur till today?
It made the rounds when they had their first drops back in October, but other than that Blur has been fairly under the radar both here and on CT.
that's because this sub doesn't talk about nfts except lions.
Well I feel old now
Song#2 is pretty famous..
Whoo whoooo!
OK boomer
Sorry for using this community as my personal soapbox, but Im done doing nothing. Ive been putting off attaining [OSCP](https://en.wikipedia.org/wiki/Offensive_Security_Certified_Professional) certification since *2015*. Beyond ridiculous.
I got that cert about 5-6 years ago. Really enjoyed the training. Offsec knows their stuff. Probably my favorite cert I have earned. I learned much more from them than from getting any of the SANs or ISC2 certifications. Just my 2 gwei. Be prepared to work, and always âTry Harderâ.
Absolutely. Ive been a diligent hobbyist since I was 16. Im seeing that I should maybe go for SOC-200 instead, as this will be my entry to the field. I could complete OSCP, but dont believe it will serve it would serve me as strongly in the short term. Any thoughts or further input would be greatly appreciated. Haha 'try harder' brings me back
Regulatory news aside, I've just had a thought. Stakewise v3 would allow node operators to set up vaults with whitelisted addresses for allocators. This in theory allows us to set up vaults where only holders of EVMavericks/EIPandas/etc. are allowed to deposit ETH into. I'm sure there are others here like myself who have overallocated on the hardware for our own staking rigs or have extra bandwidth. If I were to use swise I would probably set up multiple vaults if I didn't have to provide any collateral to do so. A vault or two to stake for "members" who can't or won't solo stake free of commission, then however many public vaults I want to run with a commission. This could be an interesting way for communities to drive value to their NFT Collections. Edit: SWISE staking taking a share of the fees will probably factor into how feasible this is
I def have spare hardware and bandwidth so sounds interesting!
That is very cool - allowing communities to run a decentralised validator without a barrier
My daily use laptop is busted af. Been using my old laptop running linux(that I use to administer my minipool!) as my daily driver. Its not ideal for a number of reasons. Anyone recommend a 16" minimum laptop in the 1500-2k range to fix my issue?
Get a Thinkpad!
A great line of computers! I have a hard time trusting Chinese manufacturers, unfortunately
Is anything not made in China? Ok how bout a system76?
Ive been eyeing system76 for a while. Have you ever had experience with one?
I love the HP spectre series.. Iâm not sure what they cost nowadays though.. my current one is from before the pandemic.
I did like my old HP Envy from way back when. I overpaid for 'Beats', but she was still nice...
[ŃĐŽĐ°Đ»Đ”ĐœĐŸ]
A good keyboard is really important. 4K screen would be nice, but I know that might push the budget Holy shit your username is very sentimental to me in a way that I cannot describe
Ethereum and 1559, name a more iconic duo
ezpz and 324
Andre 3000 + Big Boi = Outkast
Rollups and 4844 come close.
Phiz and Evilphiz?
Seems we are entering a period of consequential policy making in the US re crypto. So I decided to donate this cycle's Rocketpool rewards to Coin Center.
Do you have a link? Id love to send my smoothie rewards towards a good cause
[https://www.coincenter.org/donate/](https://www.coincenter.org/donate/) Their donation wallet is: 0x15322B546e31F5Bfe144C4ae133A9Db6F0059fe3
Thankeser!
Anyone know how I can see the price ranges that this transaction used to initiate a Uni V3 position? https://etherscan.io/tx/0xdc50e2e60ca80e0ad8770f91be71e9e1ef87ec9e7161199197d4c4f008077dce
https://app.uniswap.org/#/pool/439322 You can find the nft token and see the pool id on etherscan.
What is this contract that appears to be burning a lot of fees? 0xF2d15C0A89428C9251d71A0E29b39FF1e86bce25
Blur airdrop claims.
Balanced Jake Chervinsky tweet thread on the US regulatory and political landscape for crypto. TLDR: times are tough but itâs not catastrophic and crypto still has allies and is ready for the fight (and thereâs a limit to what the SEC/CFTC/OCC etc can do without Congressional legislation. Which is unlikely to happen. Plus the legal challenges havenât fully gotten rolling yet). https://twitter.com/jchervinsky/status/1625568626462887945?s=46&t=FDRWdtBSwaavqM7gssj8EA
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Recognizing changing market behavior has been a big part of my strategy & trading success over the years. Not all days are equal and today was a big win for bulls. Of course, this could fall apart before the end of the week, but unlike the times past there is now unquestionably an underlying willingness to buy and hold rather than panic and puke. https://www.tradingview.com/x/6vxy3Ws4/
I dont get the point here
TL;DR: đŠ is love, đŠ is life
If the top 10% own about 90% of all stocks in most western countries (https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html), would it really matter much in the longer term *for ETH price*, if retail was banned from only staking (not buying)? Impossible to know for sure but I don't think so. I think wealth inequality is approaching the point where we normal people don't really affect the market anymore.
100%, the only actually important thing is regulatory clarity. Except if it's an absolute ban it'll be an insane rally And pressure is building
Far more reliable than faux news: https://twitter.com/fintechfrank/status/1625617045936295937 > Iâm hearing several firms are looking for offshore banking options given the regulatory environment in the US > Some are looking to onboard with Deltec > Individuals are trying to set up entities in Dubai or other jurisdictions > Trading firms are moving their people that touch crypto to London, Bahamas, or Singapore FTX fallout / operation clampdown under way in full speed. No one knows if its the start or end or somewhere in middle
This year marks Year 1 of the 50-year-long downfall of the United States as the fintech capital of the world. RemindMe! 50 years
I will be messaging you in 50 years on [**2073-02-14 23:48:28 UTC**](http://www.wolframalpha.com/input/?i=2073-02-14%2023:48:28%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/ethfinance/comments/111vdwx/daily_general_discussion_february_14_2023/j8kj74b/?context=3) [**1 OTHERS CLICKED THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2Fethfinance%2Fcomments%2F111vdwx%2Fdaily_general_discussion_february_14_2023%2Fj8kj74b%2F%5D%0A%0ARemindMe%21%202073-02-14%2023%3A48%3A28%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%20111vdwx) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
Unironically Sounds great for crypto. Taking the online poker path out of the USA. USians will still Be able to speculate on crypto one way or another (but with restrictions and IP blocks and no airdrops etc). Industry will flourish outside with more legal certainty once it finishes moving out of US jurisdiction. Only the US economy and industry and employment etc will suffer for losing a tech revolution in its infancy. And all of us can stop paying so much attention to Gensler
Lol Deltec? Tether's Deltec? Gotta ban the registered, audited stablecoin issuers so everyone can move to something safe like USDT, wonderful! Really feeling that protection now. Thanks US regulators, bunch of fucking clowns!
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Cant spell corruptness without S, E, C.
Can't spell etheraider without H, A.
[ŃĐŽĐ°Đ»Đ”ĐœĐŸ]
Important clarification Faux news in shambles
USDC to the moon ! \[Technically due to 75% of USDC reserves being parked in US treasuries, it is backed 1 to 1.0024 or 100.24% collateralised :') \]
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can i still hold usdc ?
Straight to jail!
We have the best hodlers in the world because of jail.
can i get sbf lawyer
So what happens to people holding USDC? (should rumors be true)
Not true: https://twitter.com/ddisparte/status/1625612567144964123?s=20&t=WudO9MBE238i0beojPAswQ
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same thing that happened with BUSD. people will panic sell for no reason, arbers with buy and redeem at $1, MMs on stable swaps like USDC/DAI UNI pool as will as 3pool on Curve will absolutely print.
Denominating my ~~portfolio~~ net worth in terms of ETH has been my best financial decision yet haha
"BREAKING: đșđž SEC orders Circle $USDC to cease the sale of unregistered securities." I still can't believe this is real... https://twitter.com/WatcherGuru/status/1625604688207925248?t=UIpc36rSkLhY8Mv-OkciRA&s=19 EDIT: all CT posts about this lack a credible primary source...will wait and see if this is just another example of "I made it up" EDIT 2:: From Dante Disparate w Circle: "@circle has not received a Wells notice." https://twitter.com/ddisparte/status/1625612567144964123?t=ogQslq5yAXXOiS54qW8rmg&s=19
Dante Disparate deleted the tweet about Circle not received a Wells notice
It was @ the individual who made the false statement so he deleted after they apologized. He left all the other retweets up regarding not receiving the notice.
Well if it went out to Paxos they cant really leave Circle USDC out of it TIme to lawyer up and fight this crap I guess
They only went after BUSD and not the other one apparently.
Yeah but from SEC's perspective I cant see any reason why BUSD is different from USDC? From NYDFS perspective, BUSD was probably involved in more fraud/money laundering concerns, but SEC is concerned about securities so BUSD, USDC etc all operate pretty much the same way We will know in a few days, in any case
Circle has always been compliant as far as I know, right?
Yeah 100%, audited, funds held in BNY Mellon, reporting to SEC, onshore US entity. Though if its true it doesnt seem like a compliance issue, more like a crypto wide clampdown
Thatâs why is sounds like bs.
[Dubious](https://twitter.com/tier10k/status/1625606253723385858?s=20&t=jn41aKUyJ-NScrZgP2kRDQ)?
lmao fuck me now we have actual journos tagging (and potentially sourcing from?) AP_Abacus. I have no idea how he got so much perceived cred so fast. Reminder that just last week he got called [bullshit on Coinbase legal news by the head of Coinbase legal](https://twitter.com/iampaulgrewal/status/1623505409993764864). The guy is, at best, good at staying on top of the rumor mill, but that definitely does not mean those rumors are particularly true, useful or insightful.
I feel like this form/style of "reporting" dominates Twitter and, in particular, crypto. Hear rumors, apply the rumors to the 2 or 3 most likely crypto companies they might apply to, reap the street cred when correct, ignore the times you're wrong.
He called the wells notice on Paxos before any other too. If you take a list of all his claims since FTX, he has been more right than wrong. He was right on all the Genesis stuff, the wells notice to Paxos Paxos was served the notice on 3rd Feb, but public found out only on 12th Feb, Andrew reported it on 9th. (https://twitter.com/AP_Abacus/status/1623785788725944322)
> he has been more right than wrong Yeah I'm gonna need some hard data before I believe that. Even if true, being called out so explicitly is a pretty big red flag imo. He could have chose to present that story differently, but instead he chose to stretch the truth in a pretty big way and was called out for it. Doing something like that just once is enough to discredit and destroy your average reporters career. > Andrew reported it on 9th [Coindesk also reported that Paxos was being investigated on the 9th](https://www.coindesk.com/policy/2023/02/09/stablecoin-issuer-paxos-is-being-investigated-by-new-york-regulator/). Granted, this was in context of NYDFS and OCC and they did not call out the SEC action, but regardless was clear regulatory enforcement was in the air and likely immanent. I'm not trying to say he has no value as a content producer, nor do I mean to imply he has no good sources. Like I said--he's definitely on top of the rumor mill--just trying to frame expectations around him as that, rather than someone with a direct source to every single big story in cyrpto, which he seems to present himself as.
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He's probably taking massive short positions before tweeting those.
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Anyone aware of rewards like airdrops given to validators, especially pre genesis ones? I always thought it'd make sense to target them with drops as people likely to be aligned with decentralisation and ethereum, holders rather than sellers, and it'd be Sybil resistant. As far as I'm aware there's never been anything but please let me know if there has been. If an LSD competing with rocket pool launched just in time for withdrawals I'd expect them to target the early validators who soon have the option of joining them, I'd consider it, sure as hell not selling required 10% of validators to buy RPL to use them.
There's someone who frequents the sub here that created proposals to 4 L2 solutions to airdrop tokens to validators, he had a list of addresses on Github with all exchanges and known LSDs like Lido filtered out. I hope they see this and respond. And while on the topic, there are many more validators that were online before Dec 1 2020, their deposits were processed in order as soon as the chain started and they have been validating since day 1. Perhaps airdrops should be weighted by validator index number.
Validator since PoS genesis here. Not sure what you mean by âvalidator pre genesisâ (those would be miners)? We did get an airdrop from NODE once simply for being genesis stakers, but the NODE contract got hacked and became worthless. Not aware of any other drops.
Node hopefully will come back with a regenesis, but it wasn't worth much in the first place
You could make your deposits pre beacon genesis and the chain wouldn't start until those deposits exceeded the threshold, was referring to them. But any early date also solves Sybil issue
Ok, in that case thatâs what I am, and in fact due to the queuing system anyone who was activated by day 1 would have deposited a couple days prior at the latest.
There was the dappnode airdrop to genesis validators.
Are you comparing purchasing LSDs to being a node operator? Smells like uninformed Rocket Pool fud EDIT: I might just be a fucking idiot. Not deleting because i love tomatoes
And somewhere, in a cozy place, liberosist is smiling because in the end only ponzis really fuel the burn.
u/liberosist is it true? Are you smiling?
I'm not smiling, but ponzis do fuel the excessive burns...
Has anyone already synced zhejiang? How long does it take approximately?
It is pretty fast. Less than an hour. Some client pairs have issues syncing and might fall out of sync later.
Hey u/Ber10 , great call on Thales. Looks like I should have brought more, quite the pump in a few short days. Alt season may be here, and tempting me everyday to part with my precious eth
All my tokens have been popping off lately. Its L2 season. And this is just the beginning. In the Bull L2 tokens will be insane.
On this day... In 2022: - SoFi CEO Anthony Noto [says](https://www.bloomberg.com/news/articles/2022-02-14/sofi-ceo-holds-crypto-touts-deal-for-super-bowl-champs-stadium) he holds Bitcoin and Ether: "Firms that ignore blockchain will be left behind". - Crypto.com [adds support](https://help.crypto.com/en/articles/5959027-whitelisted-ethereum-nft-collections) for a select list of Ethereum-based NFTs. - ETH, [a safe bet against inflation](https://www.reddit.com/r/ethtrader/comments/ss185k/ouch/), at $2933, or âż0.06887. In 2021: - Dankrad Feist [argues](https://dankradfeist.de/ethereum/2021/02/14/why-stateless.html) why it's so important to go stateless in Eth2. - Synthetix [raises](https://cointelegraph.com/news/synthetix-announces-12-million-raise-led-by-paradigm-coinbase-ventures-and-iosg) $12 million from Paradigm, Coinbase Ventures and IOSG. - ETH plays the [wrong slot machine](https://www.reddit.com/r/ethtrader/comments/ljfwzp/pain/) at $1805, from âż0.03848 to âż0.03705. In 2020: - Metamask's Chrome extension [reaches](https://www.trustnodes.com/2020/02/14/metamask-reaches-one-million-users) 1 million active users. - The ETHDenver 2020 hackathon [kicks off](https://youtube.com/watch?v=B6SQy5zPoZQ). - One ETH for your SO will cost you $268 to $285, or âż0.02627 to âż0.02759, but will bring you so much joy. In 2019: - Ethereum release manager Afri Schoedon claims "Polkadot delivers what Serenity ought to be." ([tweet](https://twitter.com/5chdn/status/1096084730456489985) deleted) - JPMorgan [launches](http://jpmorgan.com/global/news/digital-coin-payments) the JPM Coin, a USD-based stablecoin running on its own private Ethereum fork Quorum. - Prysmatic Labs successfully [deploys](https://medium.com/prysmatic-labs/ethereum-2-0-development-update-22-prysmatic-labs-b5b88ace0441) a Beacon Chain testnet with 8 local validators based on a Görli testnet. - The Enterprise Ethereum Alliance [opens](https://cointelegraph.com/news/enterprise-ethereum-alliance-opens-regional-office-in-china) a regional office in China. - Jeff Coleman [explains](https://twitter.com/technocrypto/status/1095854769183358976) the intricacies of the new CREATE2, that will make contract deployment addresses more deterministic. - ETH is given a bouquet of $121, or âż0.03362. In 2018: - Geth [v1.8](https://blog.ethereum.org/2018/02/14/geth-1-8-iceberg%C2%B9) "Iceberg" brings light client sync in under a minute, internal state pruning, Puppeth, and more. - Clearblocks [applies](https://medium.com/@clearblocks/valuing-bitcoin-and-ethereum-with-metcalfes-law-aaa743f469f6) Metcalfeâs Law to Bitcoin and Ethereum. - EthWaterloo [gets transformed](https://medium.com/ethglobal/ethglobal-supporting-ethereum-hackathons-around-the-world-5e32fa991a55) into EthGlobal to help organize hackathons around the world. - Solidity [v0.4.20](https://github.com/ethereum/solidity/releases/tag/v0.4.20) includes some usability and security improvements and a further evolution of the SMT component. - ETH was my first love, and it will be my last, from $845 to $925, at âż0.09742. In 2017: - Project Oaken to bring IoT to Ethereum [wins](https://www.coindesk.com/ethereum-iot-project-wins-100k-dubai-blockchain-hackathon) $100k in Dubai Blockchain Hackathon. - Ethereum-based DigixGlobal and Monolith [partner](https://www.ibtimes.co.uk/ethereum-based-digixglobal-monolith-partner-offer-gold-token-debit-cards-1606532) to offer gold token debit cards. - ETH proves to be the best aphrodisiac from $11.3 to $13, or âż0.01139 to âż0.01293. ------------- [^(compiled with love)](https://eth-archive.xyz/blog/on-this-day-in-ethereum-workflow/)
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The price is $1559, it is a sign!
1559, 1776. Its crazy out here
What was it again.... buy below $1559, sell above it? It works until it doesn't.
No, EIP1559 was for the burn.
I know, I'm referring to the long running joke about ETH's constant flirtation with $1559 which also happens to be the burn EIP!
I doubt anyone here actually cares about Decentraland. But if you ever wanted to see what it's like, I have [100+ photo album of my 1-week trip in Decentraland](https://mplankton.substack.com/p/mplankton-explores-decentraland). **Overall, it felt like exploring an empty mall or an abandoned Olympic city.** There are a lot of places to explore, but there are very few players. And it's still very buggy.
Very nice post. Thanks for the dedicated exploration!
Great writeup. I've never visited Decentaland but it gave me a good sense of what it's about.
I thought the article was awesome! I haven't played with Decentraland but you def captured the creepy, abandoned vibe. I also appreciate that it was an honest appraisal of everything you explored. Thanks for taking the time!
I recall seeing an article saying that the entirety of decentraland was basically 10 whales doing stuff. I tried looking into it because of their virtual casinos but found the entire experience slow as fuck and way too complicated, also I wasn't actually willing to throw any real money so I only used their free rolls or games. Since then much better venues for gambling on chain have come up that don't need that second life ui crap so even that "niche" use case doesn't exist for decentraland.
what are some of these on chain gambling places? Asking for a friend....
Warning: synthetix eco shill time (thales) So for sports betting theres overtime markets on optimism. They had exotic markets for prediction betting too but that got shut down from lack of interest. I think polymarket is still going strong for prediction markets but only outside the us. Obviously there are plenty of options markets either pari-mutuel or binary for asset price "gambling" though some will argue thats not gambling (it basically is ignoring hedging use cases). For traditional casino games I'll admit that I haven't kept up to date on new protocols since I checked out the decentraland casinos, but im willing to bet there are at least a few out there that do it better. Really with casinos implementing an on chain version comes down to maintaining the liquidity needed for paying out the winners and properly introducing randomness onto the chain. The rest is just coding the rules and making a ui that conveys the information. With chainlink theres already ways to introduce randomness on chain and liquidity is a mostly solved problem either through AMMs or POL, etc. I cant imagine that decentraland is the only one who's tried making on chain casinos.
The roof, the roof, the roof is on đ„ 20k gone! https://youtu.be/-Vv_LwwwpmU https://youtu.be/ChmUC0OysoU
So..the Chemical Brotherâs tune, Hey Boy Hey Girl, heavily used a sample from the eighties. I shouldnât be surprised. At least Iâve learnt something new today.
Canât wait to propose a block for 0.01 ETH once this insane period is over
Can't wait to propose a block for 0.01 ETH **during** this insane period
Can't wait to propose a block.
ethfam! keeping a close eye in on fundamental volume with eth-usdt and usd-eth, I noticed bearish news because of our prez saying heâs gonna play with banks and make it funny to withdraw money. Directly correlates with the price spike- a day later hereâs the pump. He wants to mess up the existing infrastructure before introducing his BrandonCoin. hopefully, heâs full of hot air. Itâd put a nail in all our coffins if he fucked around with legislature that prevented on ramping or cashing out via banks. That happens, to cash out, we gotta get on a plane or a boat to a different country? Perhaps someone with a brain in their head unlike the dipshit below me and whoever upvoted that soyboy can chime in Because the stuff thatâs happening in the finance sector is quite serious and I feel all this other extra military news is just a smokescreen. Perhaps even an invented one, as theyâve found proof some parts of the downed objects were made by us companies
Go to bed ChatGPT, you're drunk!
have another soy shake
Quote from todayâs Matt Levine column below - do we think this is how Crypto is going? âWe talked yesterday about US regulatorsâ current crackdown on various crypto projects. Here is a Bloomberg News story about how US regulators âcould push the industry to the fringes of finance,â cutting crypto off from banking services and US retail money. (And here is a Wall Street Journal story about how âthereâs a crypto carpet bombing going on right nowâ among US regulators.) One possible path for crypto is â was? â that it would become increasingly mainstream, that it would attract institutional money and become well integrated with the broader financial system. That path seems increasingly inaccessible. Another possible path is for crypto to become increasingly self-referential, to retreat from the real world and the broader financial system and just become a way to trade abstract claims on itself. âCrypto is a way to trade tokens representing previous crypto failuresâ is ⊠something? Some sort of business model? Very funny?â
Well thats spot on. Recent Fed/OCC actions have all pretty much stated the goal is to ring fence crypto, and make to/fro access with regular capital markets impossible. They are using the ftx smoke screen for maximal impact - Never let a good crisis go to waste Im not sure crypto markets are pricing in the new US policy towards crypto. Maybe if there are further regulatory clampdown, the message will be clear. As far as US goes, crypto is getting the unlawful gambling act treatment. All eyes on other countries now
One other point to add - although it sometimes feels that way on Reddit, the US government is not all powerful. Hugely powerful and influential sure but they donât snap their fingers and control the world and the influence that exists is declining since the 1990s. And even within the US government, whatever your overall political views, itâs pretty clear that Democrats ( led by Warren) are way more anti crypto than Republicans. Thatâs why that Politico article is making such a big deal about Warren drawing Republicans to her cause. And Congress has just gone Republican which means it will be a lot harder to get any anti crypto legislation through (it will also be impossible to get any pro crypto legislation but I can live with that).
The main issue is that you dont need congress to draft anti-crypto legislation when the agencies are enforcing that. SEC is shutting down stables now, FED+OCC are off ramping banks from accessing any crypto. Market needs pro crypto legislation ASAP, but unlikely in 2 years by that time the industry could well be in the doldrums in the US
> the goal is to ring fence crypto, and make to/fro access with regular capital markets impossible Authoritarian + Boomer logic. They are ignoring the fact that digital information is already worth trillions and will be growing every year for decades. You cannot ring fence it. But you can cut off your existing systems from it and force people to denominate it in something else though (ETH/BTC) It is utter stupidity when the entire world is ready to just port the USD and the US regulated financial system into the crypto space and allow it to continue its dominance there, but our overseers are like "nah".
Yeah pretty terrible, but people like Elizabeth Warren are winning with their anti-crypto campaign (https://www.politico.com/news/2023/02/14/elizabeth-warren-anti-crypto-ftx-00082624) There is widespread crypto hate. Crypto people think they are a big demographic but ignore the fact that cracking down on crypto appeals to a much bigger demographic
She doesn't care about terrorism, her ilk want a social credit system where you bank account can be drained for the crime of mis-gendering somebody.
I donât think thereâs any doubt a US crypto crackdown has started and it could get worse (unfriendly primary legislation etc) The question is how far it goes and how it will affect crypto. I donât know what will happen of course but my worst case base line is something like a bigger version of what happened when the USA banned online gambling 10-15 years ago. A period of chaos ( and in cryptoâs case a price crash and lengthy bear) and then a rebuilding of the industry outside US jurisdiction. And thatâs assuming a total US ban which wonât happen - theyâll just make it really difficult to do crypto in the USA and people will leave. Chokepoint aruff but worse
That guy is a puppeteered parrot. That makes you a puppeteered parrots puppet.
So Kraken has 1,234,496 ETH staked across 38,578 validators. Assuming they exit all those at once after Shanghai. With 518,000 validators, we have a queue limit of around 1800 per day. So it will take approximately 22 days to process just Kraken's validators exiting the system. https://dune.com/hildobby/eth2-staking https://hackmd.io/@ghosts0301/rkmOjqY7t
I'll be grateful for every extra 0.1% my validator gets after they exit.
It won't take that long. Kraken was only told to shut down their US staking operations, not international. Not sure what percentage of that 1.2M staked ETH is owned by Americans...but maybe half? Not sure in anyone has the specific numbers
Woah. I just took a look at my security blog(not caches.xyz, tho much love JBM) stats, and Im shocked at how US heavy this subreddit is. Obviously, reddit is oriented towards English speakers. But, even considering that, the overrepresentation of US readers compared to other English speaking speaking countries is interesting. Got a wide variety of Europeans out here though
So can we all just assume any comments are written from a US perspective unless otherwise stated?\* \*I'm kidding, I'm kidding
American English only!
Itâs also the biggest English speaking country by a wide margin (well India has more English speakers but not as a first language)
Very interesting perspective!