Yeah, honestly when folks roll over to Nix, it's just not a walled garden anymore and there are too many deviations for a support team, it really needs community/forums where people talk to you in a way that teaches as you go.
MS and OSX are locked down enough that you need to be fairly clever to begin with just to get off the beaten path.
I think community is always the way to go when heading down the Nix road, you all are doing an incredible job with it!
The biggest issue that is upstream is the centralization that is caused via GPU and asic.
It's fairly obvious in hindsight but the idea that everyone running a general purpose computer wouldn't recognize enough value to try and take over the network. Running your own node would be more realistic and the "user" and the "miner" would be on a much more equal footing (and likely one in the same).
Arbitrage and all of the boiler room tricks of the stock market were applied instantly. Add this the centralized power of mining farms increasing incentives and the race for lightning chains creating these black box dark pools and we are just getting up to speed with similar problems we face today in public markets.
The biggest difference is that we can dig into the details in a very convenient way which is the constant balancing act of getting people to care enough to look.
Front-running on a consensus based system where transactions are public... almost like they took a look at every system to date and picked the low hanging fruit for exploitation.
Gotta love the term serverless...on par with fullstack developer.
It's either a server somewhere handling tasks in a queue or the client is the server. I hate that we have to care so much about "words" but I've seen far too many walking away with an impression that the server is unimportant or requires little maintenance in this model. I'd argue it becomes even more important because of how persistence, consensus, availability, etc works /rant
That being said, always excited to see work coming out of webassembly. Network is the computer
How long though? This is the painful economics of technology.
I think a more pointed argument is the relationship the software, hardware, and consumer has in this.
As consumers we really can only vote with our purchasing and much of it is mired in learning by induction what we do/don't want.
The walled garden and immense control of iOS is great until it isn't. The open landscape and diversity of Android is great until it isn't.
The hardware manufacture and telecoms are an added pain in the mobile ecosystem. They want a hook into getting advertising in front of you so some of this hardware is subsidized through bloatware and system level apps that can't be removed. I have an Amazon Prime app that I cannot uninstall (only hide) because it is a system app!?! Hardware manufacturing is a loss at the start of the sale and supporting it is an added cost.
The economics of the system are problematic and going to iOS will only work long enough until it doesn't. Point I'm making is the problem is upstream.
I say this because I am exactly that. I often cut straight to the point and can't really read the room. I think I'm helping and being brutally honest when in reality it comes off condescending or arrogant.
I heard a quote that I really like, honesty without kindness is cruelty. That helped me rethink my approach towards how I communicate.
The alternative is the Willy Wonka mindset. You tell them the right thing to do and half heartedly say "No... stop... don't"[0] as they go with the plan that is presented in a manner more conducive to their ego and feelings.
If I wanted to go through the song and dance of buttering everyone up so they will do what I say, why bother coming up with a good idea as well? I'd just say the first thing that comes to mind. In fact, that might be why the ideas that get acted upon tend to be so bad. What's the point of the quality of the idea has no impact in it's odds for adoption?
I love these styles of development where it can be thrown together quickly but complete the full spectrum of ux, creativity, and hitting that sweet spot that felt satisfying to play.
I can send money from a cold wallet to any address I want.
An exchange is merely a full node with a user interface.
To operate as an exchange there are certain KYC/AML rules they must follow.
Setting up a node takes about 20 minutes and then letting it sync for a couple hours to a day depending on your internet.
You can send crypto with as high or low as a fee as you want...it's just a manipulation of the queueing metric and which transactions miners add to the chain. With exchanges they set that for you.
The last point you made about cryptocurrencies fleecing others bit built with intent to prevent market distortion is dead on.
People getting into crypto in fratboy style have gone on the rollercoaster and often are pushing it to their desires.
In the history of money (I'm talking U.S. at this point but other countries have their story) this carpet bagging happened earlier on... we've just been using it long enough that the story was forgotten and long before our time.
I'm referring to the Gold Reserve act Executive Order 1602 of 1933 where gold was required by law to be turned in at an exchange of $20/oz and a year later jacked up to $35/oz an ounce.
This decoupled the Federal Reserve from backing credit with gold, etc. The story continues but you get my point.
why wouldn't you just leverage a stable coin if you are looking for speed?
The slowest part of this are the banks and the clearing houses. They essentially "trust" other institutions to a certain extent and vouch for the money until it officially arrives on the books. You should read up on FedNet
if you are worried about volatility there are less volatile options inside of crypto
It's funny watching crypto boosters realize there are actual benefits to institutional trust that are superior to cryptographic trust. These allow for high liquidity and allow participants to capture gains (or losses) practically in real time.
You misread my statement. The trust of banks is an illusion and actually slower than the consensus.
I don't "boost" crypto. I disagree that crypto is how we should buy our lattes.
If you live in a country where financial independence and control is not a reality this could be something greater than the corrupt system you are trying to extricate yourself from.
There is rampant corruption in crypto and although I feel easier to see, still a dangerous investment vehicle.
Is this the thing that changes the world? I think it did in some ways already. Is it the final iteration? I doubt it.
As a first cut, I am wholly impressed and I believe it can create something different.
> You misread my statement. The trust of banks is an illusion and actually slower than the consensus.
It doesn't matter. Trust makes the world go round.
Even if consensus took seconds to attain instead of minutes, it would still be too slow to maintain the liquidity of even current financial markets. We're talking 2-6 billion trades per day on NYSE alone, often concurrently - as low as 4.6 microseconds per execution. There is no way we'd be able to achieve that with the consensus state of the art.
Only through offline trust and batch reconciliation can we achieve this kind of liquidity.
You are under the assumption I believe that speculation in it's current form is a good thing. Friedman Doctrine never worked, he himself admitted it.
Crypto is not for buying your latte. It's for the people that cannot trust the system that issues the money to begin with. In your country perhaps it's not an issue. I am sure there are plenty of countries you can see that it is.
Yeah. I think speculation can be good when you don't have the speculators at the top of the food chain.
I'm talking specifically about the Friedman Doctrine and making companies beholden to shareholders in the United States. It's been proven that it doesn't work yet we still have that structure.
Predicting future direction can get people deeply invested in an investigative way but when they hold the reigns they can coerce entities to follow their direction
MS and OSX are locked down enough that you need to be fairly clever to begin with just to get off the beaten path.
I think community is always the way to go when heading down the Nix road, you all are doing an incredible job with it!