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No, blockchains are permissionless you fucking retard.

It's stupid to discount Uniswap because you don't understand how it's run by the users.

Yes it is. You can literally copy the "company" and run it yourself, the blockchain is open source. It's happened already many times, it's exactly what the SushiSwap fork was. There's over $60 billion locked in this model right now.

Only if that's what the users decide. Defunding the company if it fucks up is much, much easier in the crypto world.

That's just the current use case with an extra step. The NFY guy is talking about wrapping entire economies into an NFT, DeFi positions are moving towards being NFTs. The supply chain implications alone are massive. 1) The Non-Uber DAO which manages the treasury. 2) Depends on the system...

It's not a subscription model. Users will either have to pay to watch the video to cover the costs of transcoders and orchestrators, or they'll have to watch enough ads to do it.

You're describing basic capitalistic behavior, not pyramid schemes.

Nah, the pyramid schemes are the ones that burn a % of every trade and send another % of every trade to wallet holders addresses. AMM pools are just a really great decentralized funding mechanism.

Old internet: I want to watch the newest Smarter Every Day video, so I load up YouTube, browse to his channel, and watch the video. I like it so much and I want to help fund the next video, so I donate to his Patreon account and if it's a lot he might even mention it in his next video. I pay...

People who purchase a driver's license from the Non-Uber protocol. You find them by loading up the Non-Uber App through your wallet, which functions nearly identically to the Uber App. You pay a rate determined by the Non-Uber protocol through the app as you would normally, and that rate is...

That really depends on the dev team and the project. Uniswap had no token until well after it was released, for instance, and was started by a $65,000 grant. SushiSwap, it's competitor, had no grant but did create a token, and gave a bunch of them to the founder which he then sold on the open...

It depends on the project, but yeah usually. Uniswap charges fees for trading between a pair of tokens, like say $USDC and $DAI, and those fees are collected and mostly distributed back to people providing liquidity to the pool. The users of Uniswap are mostly not providing liquidity in a...

It's exactly what it sounds like. Imagine the old internet, but with no logins/user accounts/passwords/whatevers. You have your wallet keys and an ENS address, and every new internet application that ever gets developed integrates those two by default. And now you're expected to help secure...

Those SushiSwap farms seem so fuckin scammy, tho. There's no way a pool gets 3 billion % apy without fuckery afoot, sers.

It's not that they're stupid, it's that they're corrupt. You can tell this because they're fuckin rich, and their country is a total shithole. Yeah, they have a strong incentive to not tax themselves and their buddies on Bitcoin->fiat swaps, it's not good for the nation.

You're fuckin delusional is what you are, and Cardano and Bitcoin are sitting in a tree, K-I-S-S-I-N-G.

It would look nothing like that, that's only a joke that Bitcoiners and Cardano fans believe, further reinforcing the point that Bitcoin is a meme coin (just like Cardano). In reality, it will look like a whole new internet powered by Ethereum -- grab your ENS now while it's cheap! ENS App...

Are you sure you don't own any Bitcoin?

It's just such a joke. Bitcoin, with zero use cases and a limited supply, is the economic model supposedly turning it around for them. The $50 million on Lightning is going to bootstrap El Salvador's economy. They don't even see that Bitcoin is now competing with Cardano on shithole crypto...

That's legitimately one of the theories about how El Salvador is going to "turn it around" with Bitcoin as their national currency -- attract crypto investors via an extremely friendly tax regime + fast track citizenship + immediate residency.

It's about the no tax on exchanging Bitcoin for fiat more than anything. The Bitcoiners are all like "yeah man, so bullish, looking at living in El Salvador so I don't have to pay taxes," because they're all a bunch of greedy fuckheads but also really dumb at the same time.

DYOR, but there's no way Truebit isn't a massive project and integral to blockchain design in five years. My personal bet is that it becomes even more important than cloud computing as a whole due to the direct integration with Ethereum, we'll eventually see some real wild shit that you...

https://info.quickswap.exchange/pair/0xdc9232e2df177d7a12fdff6ecbab114e2231198d It's interesting to me that there's more Bitcoin on MATIC than there is on Lightning, even though WBTC is a fundamentally centralized solution that is sure to be replaced by something better.

Beats the shit out of me, tbh. I'm not really that interested in the short term price, but the TRU/ETH ratio is just about the lowest it has been since April 30th. I think any price you can get before tasks are generated on mainnet is going to be a good price in the long run.

That's because you're an idiot that doesn't know what scaling a blockchain even means, let alone how Ethereum is going about accomplishing it. One of the points they made in that video was that layer 2 loses out on the composability of Etheruem's layer 1, which is actually not true for Ethereum...

The video does a horrible job of explaining the value proposition of Bitcoin, and I lose my shit when obviously flawed arguments are being used to claim something that is provably false. Ethereum is not "forced" to scale on Layer 2, they are researching literally every scaling mechanic...

Nah, DeFi + NFT + Stablecoin markets are a real use case already, and it's only getting more complex as time goes on.

Is that after he poops because he doesn't use toilet paper?

Yeah it's making me salty as shit because I'm not even 10 minutes in and these arguments are fucking terrible. Oh, Ethereum is just now experiencing what Bitcoin did in 2017 and are now having to figure it out like we did back then when we decided that scaling Bitcoin is out of the question...

Not really, there's no way the government breaks SHA-256 and wastes it on $2M.

PoS hasn't failed fucking once, in fact the Beacon chain is doing just fine, what the fuck are you talking about? Do you understand that the blocksize limits how many transactions the network can process at one time, thus by limiting the blocksize it substantially limits the ways in which you...

Yes, because I understand that a distributed state machine is infinitely more powerful than a distributed ledger. You might want to listen to that whole interview, he talks about how 2.0 isn't even the branding anymore. PoS coming early next year is significantly earlier than we even thought...

As usual, you're interpreting fact as opinion, like every other Bitcoin maximalist that's totally blind to the research that's been done in the blockchain space for the past 4 years while acting like Lightning is state of the art and the magic bullet solution to Bitcoin scaling woes. 10 million...

I'm sorry you're an idiot that thinks Bitcoin can handle the kind of traffic that you think it can, but it can't. Bitcoin will never be a peer to peer cash system, Lightning is an inadequate scaling solution. If you think El Salvador's economy is all of the sudden going to turn around because...

Yes, absolutely. I don't know why you think that the El Salvadorian government recognizing Bitcoin as legal tender means that the population will suddenly adopt it. The technical fundamentals haven't changed, and those fundamentals essentially say that Bitcoin cannot be used as a peer to peer...

It's because it's really not that big of a deal, El Salvador is not going to cause some huge wave of Bitcoin adoption, and in the long run you nailed it -- the blockchain applications that El Salvadorians use will run on Ethereum, just like everyone else.

Algorand is not interoperable with Ethereum, which makes it a competitor in a field that Ethereum has already won. It uses a non-Turing complete language for its smart contracts which loses out on the "rich statefulness" that Vitalik has designed for. And the Algorand Foundation has patented...

You have zero proof that Elon's tweets have affected a single cent of the crypto market cap over standard trading mechanics. Crypto was doing this kind of shit long before Elon deigned to tweet about it, I promise you.

$NFY still continuing its run, lots of rumors surrounding it - my favorite is a giant LED billboard powered by the greek tokens (KAPPA et al) that's launched into space via SpaceX.