crypt1d

Joined 12 years ago

Karma
1,385
Submissions
301
Member since
Jan 7
nikyc [at] protonmail [dot] com
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Recent submissions

Comment · 8 days ago
I tried to vibecode something similar last weekend. Got tripped up by Claude's safety classifier. It wouldn't let me build any features that track/audit process executions , not through custom kernel hooks nor even using off the shelf software for it.
Comment · 1 year ago
In general I support this but the idea starts to fall apart real quick if your primary place of work is in front of a computer.
Comment · 2 years ago
Paypal does this as well.

They'll convert to your card's currency automatically and the option to revert is hidden behind an inconspicuous "See other currency options" prompt

Comment · 2 years ago
This never would have happened if all these orgs used a blockchain.

/sarcasm

/but is it really?

Comment · 2 years ago
Farcaster has been a nice refreshment for me. Currently a lot of developer types are present on the platform and I've seen lots of insightful conversations there.
Comment · 2 years ago
Tokens are frozen "in-place" pending investigation. It differs from how it works with btc, because the government does not have control of the private keys that manage the addresses in question - so they go to Tether who controls the smart contract that manages the transactions of the tokens.

This, in practice, means that the US government controls the mentioned tokens for the moment. What happens with them depends entirely on the outcome of the investigation.

Comment · 2 years ago
Neither of those statements is true. Bitcoin seized by US government is often sold off in auctions[1]. Tether seized by the government could also be redeemed for fiat eventually, following due process.

[1] - https://www.forbes.com/sites/brandonkochkodin/2023/03/31/us-...

EDIT: I see now that you were actually comparing the case of USDT freeze against Bitcoin seizures. Nevertheless, Tether doesn't simply get to keep the USD value of the frozen tokens. US government would want to recover that.

Comment · 2 years ago
I spent a good chunk of my youth in the kafana, AMA :)

Joking aside, my feelings about it are mixed. I have fond memories of good laughs and parties with friends, but also can't help but notice a lot of black outs and hangovers the day after :) don't get me wrong though, if you are a tourist, you should definitely experience it.

Comment · 2 years ago
Not really. SEC investigations are civil, not criminal. They might end up paying a fine, but there is no risk of jail time or anything similar. Also, while I like Kraken as an exchange, its market share is not significant enough for it to matter in the big picture.
Comment · 2 years ago
The rumour about Binance indictment by DoJ has been going around for 1-2 years now. Its one of the last remaining pieces of major news that could have potentially negatively affected the industry. After two years of prosecutions, regulatory uncertainty and general poor market conditions, its only now starting to feel like there's light at the end of the tunnel.
Comment · 2 years ago
While I can see how it helps clear the bad image of the industry, the two are not directly related. The ETF was/is going to get approved regardless.
Comment · 2 years ago
Happy to see this whole thing finally coming to an end, its a nice wrap to the dead market we've had for the past 2 years. I'm excited for 2024 in crypto!

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