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With deterministic build (reproducible build) being a priority in the Rust ecosystem, the Rust language choice is certainly not a problem.
I have also noticed that Rust is the only other language than C in which Linus Torvalds accepts pull requests.
Rust looks like an increasingly good alternative for implementing mechanisms, while relegating policies and choreographies to an embedded script engine.
A next matter is going to be a possible GUI toolkit for end-user apps. I was originally thinking of GTK or QT. However, webview looks increasingly promising.
I was thinking of finishing up a derived app by loading the duktape embedded javascript engine. That would allow for embedding additional non-GUI logic from the npm repository.
I think that an interesting proof of concept would be to reimplement the Electrum CLI porcelain API on top of Nakamoto mechanisms and figure out where the issues could be.
Looks cool! Some initial questions:
You should try to get onto the https://bitcoindevlist.com/ page or put up a BTCPay donation server.
Impressive. It seems parity-bitcoin is longer be maintained, so some new client activity in Rust is nice.
parity-bitcoin had shown little interest in using libbitcoin-consensus (which could be problematic when using it for mining/consensus) - https://github.com/paritytech/parity-bitcoin/issues/404 . SPV clients can avoid thinking about much of this. A Rust light-client might get some more uptake.
There seems to be some major differences in opinion with multiple implementations of full-nodes in the Bitcoin world and other blockchains (such as Ethereum). If there was ever a push for another full node in Rust, some considerable thoughts would need to be given to avoid consensus chain-splits.
I see your notes on privacy and geography of peers. Having preference for some low-latency peers is probably ok.. Bitcoin core does something similar with a preference for compact blocks high-bandwidth mode, but it is not absolute. Bitcoin also limits outbound connections to a single /16 subnet which would help with Sybil and eclipse attacks. I don't think parity-bitcoin did this. SPV needs to be battle-hardened, so following in Bitcoin Core's footsteps is probably a good thing. Much of this has already been thought out.
I've really enjoyed working with Rust.
Be sure to also post on /r/bitcoin
Could this be used as a backend for lnd? (Aka a replacement for neutrino).
EDIT: holy moly, why is op being downvoted? (or is reddit just buggy)
Hey all, happy to answer questions here regarding the implementation, if anyone is interested! This has been one of the larger solo projects I've undertaken in Rust, sitting at around 10KLOC, and the language has been a pleasure to use in this context.
People here dropping $50-100 every week and someone buys some pixels for $700000.
Really puts things in contrast.
Sooo. We found out a way to cripple digital items most cool ability, that they can be copied for zero cost.
Now, RARE digital items!
This is dumb as rocks. And proof that having money does not preclude you from stupidity.
We got people that live on landfills. Yet we also have people spending almost a million dollars on a digital trading card.
I get the point of video game nfts and maybe sports nfts .... but take a screenshot and you have this same image. Please explain.
tldr; Flamingo, a DAO for NFT investments, bought the ultra-rare “Alien” in a Saturday auction for 605 ETH, or $761,889 at purchase. Only nine such “Aliens” exist in the CryptoPunk universe. Flamingo has “hundreds” of NFTs in its growing collection including rare Autoglyphs.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Flamingo, a DAO for NFT investments, bought the ultra-rare “Alien” in a Saturday auction for 605 ETH, or $761,889 at purchase. Only nine such “Aliens” exist in the CryptoPunk universe. Flamingo has “hundreds” of NFTs in its growing collection including rare Autoglyphs.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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If we don't know when debt levels become catastrophic I think it still behooves us to tread carefully and take on as little as possible to achieve whatever outcome we're aiming for.
There are also softer concerns of debt that aren't just hyperinflation. Government debt can crowd out private sector spending, and taxes needed to service the debt can result in lower growth.
Just let japan test the limits and stay a couple percentage of GDP below them. 😎
!ping ECON
Pinging on behalf of OP to get some discussion/insight going on the topic. :)
A response:
https://twitter.com/thestalwart/status/1352714561636487171
He asks: when will US gov borrowing lead to a problem/hyperinflation. And then says nobody knows.
But IMO the very question itself wrong ...
Hyperinflation results from some kind of regime change, societal disruption, war, government legitimacy collapse etc.
That could happen in the US at some point! Government stability isn't looking great these days. But it's a very separate thing than debt or deficit levels ...
If, as Noah says, economists have made no progress in understanding how and when debt levels become a problem, why should we accept their premise that debt levels must at some point become a problem?
I guess when debt servicing costs begin to crowd out programs, that's a problem.
The confounding factor right now seems to be that nobody really knows why interest rates stay so low. Or if anyone understands it clearly, I haven't run across it.
Is significant inflation going to return and crush countries under debt servicing cost? Nobody has an answer to that.
The fact that a lot of this debt is on the hands of foreign governments though is a problem.
Good news. Any other exchanges support or planing to support LN ?
tldr; OKCoin is the latest crypto exchange to support Bitcoin’s Lightning Network. The exchange is in the final phases of integrating the secondary scaling network. It should be live within three to four weeks, OKCoin's team told CoinDesk. Lightning Network deposits will show up under users’ regular bitcoin balances.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
This is great news, as on-chain fees will continue rising along with the price and demand.
I'm not familiar with other Lightning wallets, but in Breez your wallet allows up to .04 btc, or 4,000,000 sats before you have to move it on-chain.
If you DCA, this means you can take your coins into your own custody for pennies, and only have to move them on-chain when you reach .04 btc; a nice hefty amount at the moment for smaller investors.
Warning - Lightning Wallets are all HOT wallets. You'll need to keep your wallet synched regularly to avoid it being forced on-chain before you're ready for the on-chain fees.
Edit: I'm not sure how regular is 'regularly', but Breez sends notifications when it's out-of-date. When I started testing out Breez about a year ago, I ignored these for about 6 weeks, and my channel was closed. I did get all of the btc in my channel sent to my address, minus tx fees.
tldr; OKCoin is the latest crypto exchange to support Bitcoin’s Lightning Network. The exchange is in the final phases of integrating the secondary scaling network. It should be live within three to four weeks, OKCoin's team told CoinDesk. Lightning Network deposits will show up under users’ regular bitcoin balances.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
“Not owning any Bitcoin has been a massive mistake, and we expect that will continue to be true.”
Any updates on Cash App progress on this integration? They announced that they are working on it but it was a while ago.
ETA until their hot wallet is hacked because they had to leave extra coins in it for LN?
It will be interesting to see what kind of usage this gets and if there are any issues.
Any info on limits?
With Bitfinex already having LN and both Kraken, OKCoin integrating it, along with some smaller exchanges it should really help to push Lightning adoption. I think we'll see even more exchanges jumping on board by the end of the year.
It will also reduce our current minimum withdrawal / deposit from 0.001 bitcoin or 100k satoshis (~$35) to 0.000001 bitcoin or 100 satoshis (~$0.04).
That's a BIG improvement.
MicroStrategy on a macro strategy.
Saylor is doing a livestream on Monday https://www.eventbrite.com/e/michael-saylor-and-hong-fang-fireside-chat-viewing-party-tickets-137881143211
But he isn’t getting any of mine, I will not sell on dips, I will buy the dips.
This is all good news but I think that the Crypto market has become much more volatile than before since these Whales can drive down the price/market harder and faster than before for their gain's. While the upside has increased (theoretically) the downside has also increased (theoretically).
Well... their BI software kinda sucks, so this is probably a good "Plan B" for their business.
Real question: if microStrategy is buying all this btc. Wouldn’t that just mean they are inflating the price? It’s one reason why I have my money in stocks than btc. I just don’t like how they keep buying and coming out on a green day. Makes me sick tbh
His AI must have given him insights we don't know. Is he the new crypto Dad?
Or crypto dad's cool younger bro, uncle c?
Thats only 320+ coins... we need to see Billions of dollar’s acquiring Bitcoin.
He is probably FOMO buys at peek from his personal holding. He uses his company for as his buffer😅 Check all his interview he said that he is afraid he doesn’t have enough Bitcoin.
This! None of these major investors want to look bad and show a negative return. granted that a lot bought under 10k btc but others were late. I will "think" about eating my own dick if bitcoin falls and holds to 28k. I just dont see it being anything under than 30k. But big props for microstrategy for being able to buy more and at a discount.
Since i also bought at roughly the same price in this dip, imma pretend in my head im also a big investor. Treating myself to some frozen pizza tonight to celebrate, since paycheck is almost here and I can afford it.
Who is part of MicroStrategy’s investment team?
Billionaire is not going to fire off dopamine will millions only. Takes big bets to quench big greed.
my take: Twitter, as a company, has a horrible track record in supporting the developer community. This seems like a good project on its face, but ultimately (IMO) serves as a distraction. While the paper released today is worth reading and the people on the team are sure to have good motivations, I wouldn't get my hopes up on this.
also, mods, the AutoModerator reply here is the worst.
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I think they're just trying to be the trendsetters so they can have the most control of it when decentralized social networks take off.
> "Twitter could also potentially do more good by contributing resources to existing projects"
They could also potentially do more harm to existing protocols by coercing those and then dropping out when it doesn't suits them.
tldr; New York's Signature Bank added $2.5 billion in non-interest-bearing deposits from digital currency customers in the fourth quarter of 2020. The bank added $10 billion in deposits from crypto businesses, twice that of rival Silvergate Bank. Signature is now offering retail banking services through the top five crypto exchanges.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The Fall Of Certificate Authorities And The Rise Of Handshake
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