Post
Topic
Board Speculation
Re: [WO] Short a few marbles
by
nullius
on 11/09/2020, 05:32:50 UTC
EV+ gambling is all trading is,

The “EV+” part is arguable. :-)

Can i interest you in some bitcoin defi?
The margin interest is going to be around 0.7% per year compared to binance's 10%, so its a better choice even if you dont give a shit about KYC or decentralization

Sure, I’m interested—if it’s private, secure, and reliable and if 0.7%/year margin interest isn’t too good to be true.

I saw you drop that link a few days ago.  The thread seemed long on hype and short on details of how it actually works; I stopped reading after
ZmnSCPxj’s very thoughtful post, which appears to be unanswered.  (Both ZmnSCPxj and gmaxwell, who +5ed that, know what the fuck they are talking about.)  I was going to ask something along the lines of, why not use or build toward the upcoming Spectrum project (Layer 3 smart-contract platform built on Lightning Network and RGB, with Simplicity as the formally verifiable smart contract language—and the privacy advantages of an off-chain protocol!), but didn’t bother.

I just went through the thread again, and peeked at the Github link (but see as yet no reason to spend time and effort trying to understand their code).

You seem interested in promoting that for some reason.  I would suggest that if you want to gain people’s trust, do fewer manifestos (preaching to the choir here) and more informative explanations about just how this works, what useful properties the system has, and why it should be trusted to not fail catastrophically.  Answering ZmnSCPxj’s post would probably be a good start.  (No, I don’t know him—but I have learned something new from almost every one of his posts that I’ve ever read on bitcoin-dev.)