Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
 
  • Post
  • Reply
Ccs
Feb 25, 2011


spunkshui posted:

https://cointelegraph.com/news/stablecoin-insurance-firm-bridge-mutual-to-protect-against-possible-tether-depegging

While the value of stablecoins like Tether (USDT) and USD Coin (USDC) is designed to be pegged to another asset, such as the U.S. dollar, the crypto industry has fretted for years about the possibility of a major depegging — especially amid U.S. regulatory concerns about Tether, which has a current market capitalization of over $63 billion.

Now one company intends to provide discretionary coverage for investors against that scenario — and Tether itself is backing the play.

Bridge Mutual aims to mitigate the risk of loss of funds resulting from hacked or exploited smart contracts, exchange hacks or theft, price crashes in stablecoins, and other digital asset vulnerabilities.

Stablecoin insurance is uncomplicated in principle. If a stablecoin drops beneath its peg for a set period of time, the policyholder can make a claim. Oracles check the current price of the stablecoin and then pay the investor back the overall difference between the current price and the peg — but in a different stablecoin.

Gotta make sure the pegging continues. Not to peg would be a real problem, a lot of people wouldn't be able to come into money if the pegging stops.

Adbot
ADBOT LOVES YOU

Mercury_Storm
Jun 12, 2003

*chomp chomp chomp*
At this point I think that Bitfinex's claim that Tether is backed by "commercial paper" is an intentional euphemism and a hearty "gently caress you" to everyone involved.

Collateral Damage
Jun 13, 2009

Someone shop that to say tether instead.

MrUnderbridge
Jun 25, 2011

Just as long as somebody gets pegged.

RabbitWizard
Oct 21, 2008

Muldoon

ymgve posted:

Are you using Electrum? You don’t need to create a new wallet then, you can specify which addresses to spend from and ignore the small amounts
Ohhh. Great, thanks!

priznat
Jul 7, 2009

Let's get drunk and kiss each other all night.
I assume this is good for Bitcoin:

https://twitter.com/kevincollier/status/1411075828713148418

Collateral
Feb 17, 2010
The weak link was florida....

Vesi
Jan 12, 2005

pikachu looking at?

so the future of blockchain was in supply-chain management after all

Jose Valasquez
Apr 8, 2005

https://twitter.com/rsaconference/status/1411399342167109634?s=21

Edit: tweet deleted

Jose Valasquez fucked around with this message at 04:22 on Jul 4, 2021

tango alpha delta
Sep 9, 2011

Ask me about my wealthy lifestyle and passive income! I love bragging about my wealth to my lessers! My opinions are more valid because I have more money than you! Stealing the fruits of the labor of the working class is okay, so long as you don't do it using crypto. More money = better than!
lol, TCP/IP was designed by the Department of Defense to survive a thermonuclear war and keep transmitting packets.

busalover
Sep 12, 2020
Just curious, is there maybe a lolbertarian party guy out there who wants to put healthcare on the blockchain?

notwithoutmyanus
Mar 17, 2009

busalover posted:

Just curious, is there maybe a lolbertarian party guy out there who wants to put healthcare on the blockchain?

Only if they can ensure nobody else gets healthcare at the same time. Especially the poors.

ikanreed
Sep 25, 2009

I honestly I have no idea who cannibal[SIC] is and I do not know why I should know.

syq dude, just syq!
How would you even implement a blockchain without already having a transport layer defined?

Literally who are you talking to? All of your direct links?

Splicer
Oct 16, 2006

from hell's heart I cast at thee
🧙🐀🧹🌙🪄🐸

busalover posted:

Just curious, is there maybe a lolbertarian party guy out there who wants to put healthcare on the blockchain?
"a" as in singular? No.

Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

tango alpha delta posted:

lol, TCP/IP was designed by the Department of Defense to survive a thermonuclear war and keep transmitting packets.

The Postman starring Kevin Costner

But delivering Garfield pregnancy porn to IP addresses

Collateral Damage
Jun 13, 2009

Alan Smithee posted:

The Postman starring Kevin Costner

But delivering Garfield pregnancy porn to IP addresses
It's on the wiki, it's a solved problem: https://en.wikipedia.org/wiki/IP_over_Avian_Carriers

Faustian Bargain
Apr 12, 2014


don't know if there is a better thread for this but noticed that my friend's coinbase app shows little mini charts in his watch list, and mine doesn't. we haven't been able to figure it out. we have the same version of the app, both on iphone. anyone know what could be causing this?

scopes
Jun 5, 2004
What do they look like if you squint?

Juul-Whip
Mar 10, 2008

Faustian Bargain posted:

don't know if there is a better thread for this but noticed that my friend's coinbase app shows little mini charts in his watch list, and mine doesn't. we haven't been able to figure it out. we have the same version of the app, both on iphone. anyone know what could be causing this?
sounds like you should delete it, op

Arsenic Lupin
Apr 12, 2012

This particularly rapid💨 unintelligible 😖patter💁 isn't generally heard🧏‍♂️, and if it is🤔, it doesn't matter💁.


tango alpha delta posted:

lol, TCP/IP was designed by the Department of Defense to survive a thermonuclear war and keep transmitting packets.
ARPA did not envision universal access by civilians to the network. That wasn't what it was for.

Facebook Aunt
Oct 4, 2008

wiggle wiggle




Arsenic Lupin posted:

ARPA did not envision universal access by civilians to the network. That wasn't what it was for.

It is reassuring to know we can shitpost through the end of the world.

Big Beef City
Aug 15, 2013

Arsenic Lupin posted:

ARPA did not envision universal access by civilians to the network. That wasn't what it was for.

It clearly won't work if they do, then.

priznat
Jul 7, 2009

Let's get drunk and kiss each other all night.
There are clearly some weak points with the internet as designed and evolved but some crypto evangelist with minimal actual technical knowledge of anything just hitting it with a wand and yelling "BLOCKCHAIN!" is not the dang answer here.

Collateral Damage
Jun 13, 2009

IPv6 solves most of the issues with TCP/IP anyway, without needing a blockchain.

Fame Douglas
Nov 20, 2013

by Fluffdaddy
Actual replacements for TCP are protocols like QUIC that base themselves on UDP, QUIC is supported by all major browsers now and is already widely used.

Paladinus
Jan 11, 2014

heyHEYYYY!!!

Fame Douglas posted:

Actual replacements for TCP/IP are protocols like QUIC that base themselves on UDP, QUIC is supported by all major browsers now and is already widely used.

What about ICUP?

Ghost Leviathan
Mar 2, 2017

Exploration is ill-advised.

Paladinus posted:

What about ICUP?

Well stop it, you pervert.

Honky Dong Country
Feb 11, 2015

buttcoin

smellmycheese
Feb 1, 2016

Let’s brainstorm a cool name for our dumb new company trading NFTs. What’s the worst that could happen?

https://noncefinance.com/

https://twitter.com/noncefinance/status/1412079348861923328

CaptainSarcastic
Jul 6, 2013



smellmycheese posted:

Let’s brainstorm a cool name for our dumb new company trading NFTs. What’s the worst that could happen?

https://noncefinance.com/

https://twitter.com/noncefinance/status/1412079348861923328

Eerily accurate for the libertarian space, though.

Hammerite
Mar 9, 2007

And you don't remember what I said here, either, but it was pompous and stupid.
Jade Ear Joe

Big Beef City posted:

It clearly won't work if they do, then.

if who do what?

drk
Jan 16, 2005
“The lake is so warm you feel like you’re in a hot tub,” said a woman who lives near a gas-fired New York plant that powers 8,000 computers mining Bitcoin:

https://www.nbcnews.com/science/environment/some-locals-say-bitcoin-mining-operation-ruining-one-finger-lakes-n1272938

kw0134
Apr 19, 2003

I buy feet pics🍆

Remember, electricity has no inherent value, which is why buttcoin mining is going to usher in the Green Revolution

starts melting in the heat because electric rates make air conditioning unaffordable

priznat
Jul 7, 2009

Let's get drunk and kiss each other all night.

CaptainSarcastic posted:

Eerily accurate for the libertarian space, though.

Ephebophilia Finance

Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...
uses for bitcoin miners outside of mining

  • drying strawberries
  • turning the lake into a hot spring

Shrimp or Shrimps
Feb 14, 2012


Alan Smithee posted:

uses for bitcoin miners outside of mining

  • drying strawberries
  • turning the lake into a hot spring

Getting heatstroke

The Bible
May 8, 2010

ikanreed posted:

How would you even implement a blockchain without already having a transport layer defined?

Literally who are you talking to? All of your direct links?

Just a planet-wide dumb hub.

The collision domain would be horrific.

Somfin
Oct 25, 2010

In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.

Nap Ghost
In the middle of a global warming catastrophe the miners are busily turning electricity into waste heat but inefficiently

Rectal Death Adept
Jun 20, 2018

by Fluffdaddy
how many bitcoin miners do we need to turn them all in the same direction and push earth into a cooler orbit with their exhaust?

Adbot
ADBOT LOVES YOU

Kerbtree
Sep 8, 2008

BAD FALCON!
LAZY!

nomad2020 posted:

You'll be able to appreciate the irony here more than most then.


Bitrex, like the stuff they put in household chemicals so people can’t “accidentally” swallow them?

E: lol, my employer has blocked payments to binance since the FCA dumped them. The public are Very Mad we won’t let them send their life savings to investment scammers.

Kerbtree fucked around with this message at 12:55 on Jul 6, 2021

  • 1
  • 2
  • 3
  • 4
  • 5
  • Post
  • Reply