> for the sake of argument, is there any way to introduce monetary policy into crypto currency so as to correct for unwanted inflation/deflation
yeah and you don't even need to change bitcoin - just use a stablecoin over-collateralized by BTC built on the bticoin network. In essence these systems work with $1 of the stablecoin backed by $N dollars (N > 1.6) of the the backing asset (BTC). Then they use a smart contract system of price oracles, liquidations & interest rate curves to balance supply, demand and risk parameters. It's pretty much an over-collateralized lending protocol that issues its own asset that is pegged to $1
This has worked well for the past 11 years with MakerDAO on Ethereum and it's stablecoin DAI. I think at its peak the DAI stablecoin had around $7 billion in circulation and was about 5-10% the size of USDT, now it's about half that. However, high treasury interest rates and low interest in decentralized stablecoins have made more "traditional" stablecoins like USDT, USDC vastly more profitable and successful. In recent times even DAI has been trying to become more like USDC and USDT with treasuries held in intermediaries
How is your currency real if it has to rely on a centralized currency like USD to be functional? It feels like a failure of decentralized currency if it has to be a parasite on a decentralized currency. Surely the success metric for decentralized currencies has to be that they replace centralized currency right? That was bitcoins purpose, if it doesnt do that, then whats the point?
from what I have read, it appears that while the weight loss plays a role that the anti-inflammatory effects exist independently of that as well.
I am cheating as I don't want to do a lot of writing to summarize so I just had chatGPT summarize for me:
Mechanisms Beyond Weight Loss
Direct Action on Immune Cells:
GLP-1 receptors are found on several immune cells (like macrophages, T cells, and dendritic cells).
Activation of these receptors can suppress pro-inflammatory cytokines (like TNF-α, IL-6) and enhance anti-inflammatory ones (like IL-10).
Reduction in Systemic Inflammation:
Studies show reduced levels of C-reactive protein (CRP) and interleukins in patients taking GLP-1s, even when controlling for weight loss.
In diabetic patients, GLP-1s can reduce oxidative stress and endothelial inflammation, improving cardiovascular outcomes.
Improved Gut Barrier Function:
GLP-1s may reduce gut permeability ("leaky gut"), which helps prevent the translocation of inflammatory endotoxins (like LPS) into circulation.
Neuroinflammation:
In animal models, GLP-1s cross the blood-brain barrier and have shown protective effects against neuroinflammation, relevant in diseases like Alzheimer’s and Parkinson’s.
now it's way easier to track public blockchain transaction chains on Bitcoin, Ethereum and the like than it is to track bank transfers across countries
Sure but you skip across borders, use mixers, over the counter trades and dodgy offshore exchanges.
It’s not that hard to cover your tracks. And sometimes it doesn’t matter if your beyond the reach of the authorities in the country the crimes were committed.
I hate to sound sarcastic, but you answered your own question about an opaque acronym with another couple of opaque acronyms. And didn't repeat the answer that you found.
So what's EOF? What's EVM?
I happen to know that nvm probably means never mind, but that is not a given for other readers.
So, EOF is basically an object format for EVM (Ethereum Virtual Machine) bytecode. You can learn more here: https://evmobjectformat.org/. Clean is basically a DSL for writing zero-knowledge-proof circuits, so it is unrelated to the EVM.
And if it turns out that’s the case, I’ll file suit and establish a class action on my own dime. That’s how the gears turn and recourse made available. Actions have consequences.
How would you know? I also submitted a deletion request to that airport identity service Clear to avoid missing a flight one time. I received an email "Your request has been received" and nothing else. Is there a way we can validate our information is actually deleted?
It will either be disclosed in bankruptcy proceedings, and failing that, finding a whistleblower who has access to the data and can/will attest to the fraud.
My introduction to Discworld happened when I bought a few second hand paperbacks on Portobello for under a pound in order to have something to read in the bus back from London. Later (well and truly addicted) I wenth through a few more when I was commuting regularly by train. But about a half of the Discworld novels I read as ebooks either on a Kindle, or a Kobo.
It has always been "frustrating" to have to click through the footnote links in Pratchetts ebooks. In a paper book (just like in Your comment) the footnotes really complete the train of thought. Often it's the whole pun of a joke. You know it's there. You damn well know it's worth it. On paper, all it takes is a glance down.
For me, the "Pratchett footnote" is therefore characterized as anything where "click to see a footnote" somehow breaks that payoff spell a bit.
Susannah Clarke's glorious Jonathan Strange and Mr Norrell has some footnotes that exceed the typical page count of some people's short stories. Not as many puns as Pratchett, but suffers the same UI problem on Kindle.
oh, thanks for the reminder. Is that also a recommendation for the Strange & Norrel? I've been meaning to get to more of her stuff ever since I listened to Piranesi last Christmas when driving home through Europe.
This was a multisig - meaning M out of N signatures from different signing devices were needed to sign a transaction. The attacker infected enough signer devices to go unnoticed and the signers failed to verify what they were signing on air-gapped devices
But they didn't know the amount because the UI showed them a different value, so if it's for 50ETH and you regular sign tx for 100-200ETH you may be a little less thorough.
If the setup you are using has the ability to perform large transactions then you must verify all transactions regardless of size as though they are large.
It's a security domain issue. A highly secure system involves highly secure controls. Bypassing those controls for lower risk activities will typically reduce the security of the entire system. You need an entirely independent low or medium risk system.
The software development practices of banks are probably a good example here.
yeah and you don't even need to change bitcoin - just use a stablecoin over-collateralized by BTC built on the bticoin network. In essence these systems work with $1 of the stablecoin backed by $N dollars (N > 1.6) of the the backing asset (BTC). Then they use a smart contract system of price oracles, liquidations & interest rate curves to balance supply, demand and risk parameters. It's pretty much an over-collateralized lending protocol that issues its own asset that is pegged to $1
This has worked well for the past 11 years with MakerDAO on Ethereum and it's stablecoin DAI. I think at its peak the DAI stablecoin had around $7 billion in circulation and was about 5-10% the size of USDT, now it's about half that. However, high treasury interest rates and low interest in decentralized stablecoins have made more "traditional" stablecoins like USDT, USDC vastly more profitable and successful. In recent times even DAI has been trying to become more like USDC and USDT with treasuries held in intermediaries