News for hackers. Stuff that matters.

A comment on Crypto Theses for 2022 [pdf]. Parent comment

Re:Crypto Theses for 2022 [pdf] by 0x64 on Sunday December 12, 2021 @07:09PM (#29535088)
dYdX is a layer-2 zk-rollup-based exchange that is definitely not decentralized in the sense that e.g. Uniswap is on layer-1. It still, however, inherits the security guarantees of L1 despite not being directly intractable with from L1.
[ Parent | on HN ]
Re:Crypto Theses for 2022 [pdf] by space_rock on Sunday December 12, 2021 @07:19PM (#29535162)
I already know they aren't decentralised

And yet they claim right on the front page "Decentralized"

Also L1 exchanges on Ethereum are arguably not decentralised. They delegate power to miners as a shortcut

[ Parent | on HN ]
Re:Crypto Theses for 2022 [pdf] by whoisninja on Sunday December 12, 2021 @07:48PM (#29535340)
even your L1 is 70% hosted nodes , why not just run an api on a trusted company's servers that verifies your balances using pub/priv keys and signatures

you guys are up for rude awakening when this rube goldberg machine bricks

[ Parent | on HN ]
Re:Crypto Theses for 2022 [pdf] by diveanon on Sunday December 12, 2021 @11:22PM (#29536566)
its been over a decade now.

would like to point out that HN was also saying BTC was over valued at $1k.

Didn't listen to you guys then, not going to now either.

[ Parent | on HN ]
Re:Crypto Theses for 2022 [pdf] by space_rock on Sunday December 12, 2021 @11:58PM (#29536784)
What does this have to do with bitcoin? Their claims don't relate to bitcoin
[ Parent | on HN ]
Re:Crypto Theses for 2022 [pdf] by whoisninja on Monday December 13, 2021 @12:17AM (#29536884)
exactly
[ Parent | on HN ]
Re:Crypto Theses for 2022 [pdf] by whoisninja on Monday December 13, 2021 @12:16AM (#29536876)
Bitcoin is decentralized, 13,000 nodes - mostly residiential nodes, not hosted.

You're assuming too much.

[ Parent | on HN ]