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Storm Fox said:
I think it's amazing to think it is possible to write a Smart Contract in 20 lines of code.
I have looked at some pages of on writing Smart Contract and it is possible to write a basic Smart Contract in 20, but all you can do is blindly Transfer Cryto from the wallet that opens it to your wallet.
So I guess if you can airdrop into a few 100 of the poor Crypto fans wallets I guess a good number of the saps will open it.

Code: 
pragma solidity >=0.8.4;

contract MyCoin {
    mapping (address => uint) balances;
    event Transfer(address indexed _from, address indexed _to, uint256 _value);
    constructor()  {
        balances[tx.origin] = 10000;
    }
    function sendCoin(address receiver, uint amount) public returns(bool success) {
        if (balances[msg.sender] < amount) return false;

        balances[msg.sender] -= amount;
        balances[receiver] += amount;
        emit Transfer(msg.sender, receiver, amount);
        return true;    }

    function getBalance(address addr) public view returns(uint) {
        return balances[addr];
    }
}
Click to expand...

Moot because my point is, that if someone thinks that smart contracts need to be regulated (which they don't), where would you draw the line, where it needs regulation? 10? lines of code, 20?, 100?. The DeFi community (which is growing bigger and bigger by the month) does the job a lot better.

It's pointless trying to regulate a DAO, because in many cases there is no-one to go to when a smart contract is non compliant. Also, how many country's regulations should a budding smart contract developer take notice of?

That would be unworkable and thankfully, governments are regulators around the world know this.
 
pbsmooth said:
Click to expand...

It still changes nothing. Honestly, it's like claiming the BBC website is down because vodafone has an outage.

All .eth.link is, is a wrapper for web browsers that don't know how to handle .eth domains. It was implimented by that guy, not by ENS domains. That's it.

.eth domains are running just fine, ENS is running fine, everyone's Web3 Dapps are running fine.

Most projects don't rely on it, they just use their own conventional domains pointed to an IPFS gateway service, normally Cloudflare's.
 
pbsmooth

Do you understand how unfair you're being here?

I could setup a completely decentralised service that's the best thing since sliced bread, that has been running without incident for two years.

Along comes some idiot called Chad who builds centralised junk called "ChadRocksLOL" to connect to my decentralised service.

Chad disappears and the headline is "Staker One's shitty DAO is down." - when it isn't, it's working just fine.
 
StakerOne said:
Moot because my point is, that if someone thinks that smart contracts need to be regulated (which they don't), where would you draw the line, where it needs regulation? 10? lines of code, 20?, 100?. The DeFi community (which is growing bigger and bigger by the month) does the job a lot better.

It's pointless trying to regulate a DAO, because in many cases there is no-one to go to when a smart contract is non compliant. Also, how many country's regulations should a budding smart contract developer take notice of?

That would be unworkable and thankfully, governments are regulators around the world know this.
Click to expand...
I'm going leave that. I don't want to get into a name calling match again.
I think we keep missing each others points and it's leading to unnecessary stress.

I reread your points about unions and on the first read though I misread / misunderstood your points about unions as just an example, but I still have an opposite view to yourself in regard to regulation of DAOs and auditing of Smart Contracts in general.

TBH I find the short paragraphs you use difficult to parse, it is a personal perspective and is probably just me. I'm explaining why I misunderstood your posts not criticising your writing style.
 
Storm Fox said:
TBH I find the short paragraphs you use difficult to parse, it is a personal perspective and is probably just me. I'm explaining why I misunderstood your posts not criticising your writing style.
Click to expand...
Fair enough. Please have a look at a newspaper if you get a chance.

Typically one sentence, then a new line. No more than two sentences.

All newspapers follow this writing style to make it easier for their readers as it works.

Sorry you're the exception!
 
kabbes said:
Certainly, the more we get into this, the more he’s exposing himself as full-on loon. I don’t know what hearts and minds he thinks he’s winning with this, but I can’t believe it’s impressing anybody on the fence!
Click to expand...
If I was such a lunatic you'd be able to quote my lunancy. You can't because you know I'm talking sense!
 
StakerOne said:
I can't remember the last time I read something so fucking stupid as this. You really, really are the thickest idiot I've come across online in living memory.

Fred buys 10 ETH for £25.

He sells it to me for over times as much for £600

I sell, it for 11 times as much.

How has Fred lost me money by speculating?

The only people who lose money by speculating are those who sell for lower than they bought. Until then, gains and losses are on paper only.



People can use energy for whatever they want. You are not the final arbiter of what people can and can't do, so can sit there and simmer, because the authoratarian dictatorship you dream of, is never going to happen and even if it did, they'd put a bullet in the back of your head because they'd have no further use for thick idiots such as yourself.

Global warming is real, the con is that it can be solved for a few million quid, but why do that when you can make loads of money and expliot people by taking full spectrum control of their lives?

I know you have a good old wank at the thought of people being banned from owning cars and doing what they want with their own house hold appliances, but it's not going to happen. Pack in your dreams of global conquest, it aint going to happen.
Click to expand...
Yeah, insulting people is a great way to have a constructive conversation.

You have constantly made claims on this thread that have turned out to be bullshit but you say I'm the thickest idiot you've ever come across.

So just to explain, of all you do is push up the price without adding any value then your are the middleman who does nothing and should be removed.

If Fred has done nothing except increase the price be has taken value from you, as you take value from the person you sell from. You should have been able to buy for £25 but fred the parasite charged you more without adding anything of value in the process. You do the same to the next person.


The rest is just laughable nonsense.
 
BigTom said:
You have constantly made claims on this thread that have turned out to be bullshit
Click to expand...
One example, please, please pretty please with sugar on top. Thanks awfully.

I've just debunked a completely bullshit claim that ENS domains are broken along with their DAOs.
BigTom said:
So just to explain, of all you do is push up the price without adding any value then your are the middleman who does nothing and should be removed.
Click to expand...
If only I could push the prices up. I can't. It's developers launching excellent products and services that pushes up demand for ETH, not me on this forum.
BigTom said:
If Fred has done nothing except increase the price be has taken value from you
Click to expand...
Fred can't possibly push up the price by simply holding ETH. The best way he could push the price up, is to launch a string of succesful DAPPs.
BigTom said:
You should have been able to buy for £25 but fred the parasite charged you more without adding anything of value in the process.
Click to expand...
I was too sceptical to buy at £25. That wasn't Fred's fault. However, later on I did some serious research about how all the exciting stuff going on in the Ethereum eco-system and decided to buy when Fred was selling.
BigTom said:
You do the same to the next person.
Click to expand...
Sure. So when you was down the newsagents or any other store, you told them they was a pack of parastites for not selling to you at a cheaper price?
 
StakerOne said:
there is definately a law that allows citizens to declare that the goverment is being unjust and that payment of taxes are being witheld.
Click to expand...

StakerOne said:
  • non-colateralised loans to facilitate arbitrage trading, making the markets more efficient, providing liquidity to decentralised exchanges, copy trading.
  • Automatic refunds without involving humans - for example when a train is more than 20 minutes late.
  • The automatic liquidisation of collaterised loans when the collateral has lost too much value, including selling back to the market AND for traders to be able to pick up the cheap collateral with uncollaterised loans to sell at profit.
  • Protecting privacy by using zero knowledge proofs.

These things, CAN'T be done in traditional finance
Click to expand...

StakerOne said:
One example, please, please pretty please with sugar on top. Thanks awfully.
Click to expand...
There's four, there are plenty of others.

As for the rest, the shopkeeper adds value which is what creates and justifies their profit. You do nothing to affect a price increase by your own admission and therefore have no value created or added to justify your profit, you just take it from other people in the form of higher prices. You are a parasitic middleman, the shopkeeper is a middleman but not a parasite.
Fred is also no longer a parasite having created value in the form of a dapp, something which you had not mentioned before.
 
Readers of this thread will, I'm sure, be shocked to learn that NFT trading volumes at OpenSea have dipped slightly by 99% in the last three months.

cointelegraph.com

Looks bare: OpenSea turns into NFT ghost-town after daily volume plunges 99% from peak

An ongoing debt crisis at lending platform BendDAO is also increasing the risks of the NFT bubble going bust.
cointelegraph.com cointelegraph.com

The massive declines in daily volumes coincided with equally drastic drops in OpenSea users and their transactions, suggesting that the value and interest in the blockchain-based collectibles have diminished in the recent months.

That is further visible in the falling floor prices — the minimum amount one is ready to pay for an NFT — of leading digital collectible projects.
Click to expand...

This is great news for us of course as the prices for Bored Apes is dropping, you can pick one up now for less than $100,000 USD. A bargain at twice the price I'm sure you'll all agree, and there's a DAO coming to the rescue.

Last week, BendDAO, a decentralized autonomous organization that enables NFT owners to collateralize their digital collectibles to take loans (in ETH) worth 30%-40% of the NFT's floor price, voted to change its protocol's code to make its NFT collateral more liquid.

The vote occurred after a rise in Ether price increased the value of ETH-denominated loans in dollar terms. Meanwhile, on the other hand, NFT prices plummeted, reducing the value of the collateral held by BendDAO.

As a result, BendDAO is now facing its own debt crisis moment, where borrowers cannot pay their dollar-denominated loans due to falling ETH prices, and lenders are finding it difficult to recover their loaned amount due to falling collateral valuations.
Click to expand...
 
StakerOne said:
I can't remember the last time I read something so fucking stupid as this. You really, really are the thickest idiot I've come across online in living memory.

Fred buys 10 ETH for £25.

He sells it to me for over times as much for £600

I sell, it for 11 times as much.

How has Fred lost me money by speculating?
Click to expand...
one of the best posts I've ever read. I think it will change my life, it's so persuasive. Bear with me while I work it through.
You & I are both speculators.
You buy some ETH for £1 & sell to me for £2
I sell back to you for £4 & you sell back to me for £8
I sell back to you for £16 & you sell back to me for £32
I sell back to you for £64 & you sell back to me for £128
I sell back to you for £256 & you sell back to me for £512
I sell back to you for £1024 & you sell back to me for £2048
& so on and so on until eventually, at the end of the chessboard, you sell to me for eighteen quintillion, four hundred forty-six quadrillion, seven hundred forty-four trillion, seventy-three billion, seven hundred nine million, five hundred fifty-one thousand, six hundred and fifteen ukp.
just like the story says.

Result. You're rich. Well done! But you could be richer! come on, speculate, I'm willing to sell back to you...



and the sum result of all this trading is... absolutely sfa except the eventual heat death of the planet.

O
 
stdP said:
Readers of this thread will, I'm sure, be shocked to learn that NFT trading volumes at OpenSea have dipped slightly by 99% in the last three months.

cointelegraph.com

Looks bare: OpenSea turns into NFT ghost-town after daily volume plunges 99% from peak

An ongoing debt crisis at lending platform BendDAO is also increasing the risks of the NFT bubble going bust.
cointelegraph.com cointelegraph.com



This is great news for us of course as the prices for Bored Apes is dropping, you can pick one up now for less than $100,000 USD. A bargain at twice the price I'm sure you'll all agree, and there's a DAO coming to the rescue.
Click to expand...
Wait, so buying a link to a shit computer generated jpeg of a monkey that you don’t even own the copyright to, isn’t quite the solid investment it was made out to be?

Blimey. I’d never have seen that coming.
 
Well , I for one am convinced. Going to cash in my defined benefits pensions scheme and buy a load of catnip coin. That will see me to a nice comfy retirement with a boat, several mansions and a few helicopters to boot.

You see if I don't. Bloody Urban naysayers, pah. :rolleyes:
 
Smangus said:
Well , I for one am convinced. Going to cash in my defined benefits pensions scheme and buy a load of catnip coin. That will see me to a nice comfy retirement with a boat, several mansions and a few helicopters to boot.

You see if I don't. Bloody Urban naysayers, pah. :rolleyes:
Click to expand...

Fair play. Lend us a Bitcoin.
 
stdP said:
Readers of this thread will, I'm sure, be shocked to learn that NFT trading volumes at OpenSea have dipped slightly by 99% in the last three months.

cointelegraph.com

Looks bare: OpenSea turns into NFT ghost-town after daily volume plunges 99% from peak

An ongoing debt crisis at lending platform BendDAO is also increasing the risks of the NFT bubble going bust.
cointelegraph.com cointelegraph.com



This is great news for us of course as the prices for Bored Apes is dropping, you can pick one up now for less than $100,000 USD. A bargain at twice the price I'm sure you'll all agree, and there's a DAO coming to the rescue.T
Click to expand...
The internet has loads and loads and loads of shite websites.

You avoid them.

Just any sensible person would avoid a shite NFT.

I don't consider NFTs a con, there is nothing hidden about them, you bought it sold as seen, an immutable transaction on a blockchain that points to possibly (chech the fucking thing!) immutable and industructable file.

That's it. I've bought a couple of cheap ones (about a fiver each) for fun. I couldn't care if they are worth £1 or £50, they are just for fun.

You don't use bad websites as a reason to why the internet should be avoided. The internet had a .com bubble and as such, the NFT market will be the same.

It's a reoccurring them that crypto-crititics, will do critisize the latest experiment layer, the coalface of the cryptoverse. It's easy to do.

The digital art world has a problem of credibility because credibility isn't build into to what I would call the NFT base layer - the NFT pointing towards a file.

It is right to highlight that problem. But it's wrong to reframe it all as some failed experiment or some kind of scam by those who are pushing the technology forward.

In the NFT art world, and there needs to be a mechanism for people to exstablish how credible an NFT actually is so that it can be valued.

That is possible a job for the likes of Opensea.
 
BigTom said:
Yeah, insulting people is a great way to have a constructive conversation.

You have constantly made claims on this thread that have turned out to be bullshit but you say I'm the thickest idiot you've ever come across.

So just to explain, of all you do is push up the price without adding any value then your are the middleman who does nothing and should be removed.

If Fred has done nothing except increase the price be has taken value from you, as you take value from the person you sell from. You should have been able to buy for £25 but fred the parasite charged you more without adding anything of value in the process. You do the same to the next person.


The rest is just laughable nonsense.
Click to expand...
If you don't have faith in the stockmarket or in sterling over the next 5 to 10 years and see Ethereum as an emerging market, why in the world would you keep your wealth in an asset class that you believe is going to tank in value?

It begs the question, how would you view someone who speculates on gold and other precious metals to protect their wealth?
 
Last edited:
Smangus said:
Well , I for one am convinced. Going to cash in my defined benefits pensions scheme and buy a load of catnip coin. That will see me to a nice comfy retirement with a boat, several mansions and a few helicopters to boot.

You see if I don't. Bloody Urban naysayers, pah. :rolleyes:
Click to expand...
That's a strawman argument, twisted and blown up.
 
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