RT @koeppelmann: The largest @Omen_eth presidential market with a few $ million in open interest will resolve tomorrow. It will quite likely result in the largest "blockchain court case" and some are obviously speculating that the mechanism will fail to resolve to a Biden win. https://t.co/YwZR3XojHS
Check out the video and PDF arguments on either side of the Kleros decentralized court case.
This is a formal process for people to adjudicate what is really true when money is on the line, rather than depending on any single news source. https://t.co/IsbmaXCrlH
alex van de sande (4 character handle ? me : bot) - @avsa6 months ago
Interesting arbitrage, these markets have very different percentages (30% and 50%) for the outcome of ether 2.0 not delivering this year. And if you buy them to equalize, you're putting up a bounty for the delivery.
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That's a nice explainer on how kleros works to resolve omen prediction markets. Essentially Kleros jurors stake PNK to take part as jurors, they earn free for voting with the majority on an arbitration case, they lose their stake if they vote incorrectly.
And then? Do you think they will pump an entire DeFi ecosystem out of the ground within a month? It will take them years to get to the size of the Ethereum ecosystem, and then Ethereum will have ETH 2.0
Afri said maybe by the end of the year, maybe 2021.
People keep asking for time estimates, then getting upset when those estimates aren't met. It'll be here when it's here. There's like 10 different teams of really smart people working their ass of on it.
I think this is the kind of thing that’s left folks like me disenchanted with crypto in general. It all seemed so great and futuristic at the time, but when it comes to financial stuff (and I know that there’s much more potential than just money, but that was always the original promise of blockchain-based currencies), having deadlines and schedules that can be met is super important, and as those keep slipping, it casts a lot of doubt in my mind over blockchain tech in general.
If it can’t scale, then it will eventually be dead tech.
I haven’t been involved much in ethereum since the big crash.
I haven’t heard of loopring. There are certainly a lot of neat projects on ethereum. I think, in the end, they will have to become much more mainstream for crypto to make a comeback in the general public’s mind though.
Edit: and regarding deadlines, it’s one thing to miss a deadline, adjust, and then have something to show for it at the end of the adjustment period. The difference is that SpaceX actually has something that they can show, and I’m sitting here, 8 years later, still waiting for Ethereum 2.0, and out several thousand bucks from HODLing onto promises that never materialized.
Edit 2: and I recognize the importance of this working correctly so that no one loses anything and the blockchain isn’t harmed in the process, it’s just that I’ve begun to wonder if 2.0 will ever really be ready if it’s taken this long already without any tangible results for the public.
> I haven’t been involved much in ethereum since the big crash.
> I haven’t heard of loopring.
> SpaceX actually has something that they can show, and I’m sitting here, 8 years later, still waiting for Ethereum 2.0
If you don't follow the project anymore, how can you say there's nothing to show for it?
I have trouble keeping up with all the crazy things happening each week, whether it's the explosion of DeFi & yield farming, the ~20 different companies competing over scaling, enterprise tech and financial companies getting involved, privacy tech, etc.
It sounds like you're not actually waiting for new technology, you're hoping for the price to rise and hoping that ETH 2.0 will bring that.
I didn’t say that I *don’t* follow it, just that I don’t follow it *as much.* Joe off the street doesn’t have to follow fin-tech company innovations to be able to use them.
Having trouble keeping up with all the stuff going on is exactly the problem. Yeah it’s producing tech which is cool to read about, but if someone on the street were to ask me “hey, how do I get involved with ethereum”, I wouldn’t even be able to tell them where to begin anymore because I don’t know anymore myself.
And yeah, I would like the price to go up. Who wouldn’t? That’s what gets the public interested in crypto. I know ethereum is so much more than that, and maybe I’m wrong about 2.0, but it’s hard to get enthused with it when there’s a lack of enthusiasm from outside the community.
Edit: let me phrase it a different way: how could you convince me to get involved again?
> how could you convince me to get involved again?
Well I don't know your interests and level of knowledge
> if someone on the street were to ask me “hey, how do I get involved with ethereum”
I'd say "Install Dharma. It's like Venmo, but it works across the world and you can earn a higher interest rate than any savings account"
Next step after Dharma is Argent. Both projects are easy enough that normal people can use them and provide real-world value. Peope don't even need to know they're using a blockchain.
Thank you for the earnest reply. I'm a software developer and my main area of work is data transformation.
Also the Dharma recommendation is a nice idea for an introduction. I wouldn't have thought of that. Thanks!
There's no timeline, they set up the testnet, they try to take it down, look for failures in the clients implementations and when they think that I good and all clients has been running smoothly then, they'll launch the mainnet