JesseWalter.algo

2K posts

JesseWalter.algo

JesseWalter.algo

@JessCCM

Father and husband || Automation expert || Algorand blockchain believer || Baseball lover

Katılım Ekim 2013
334 Takip Edilen450 Takipçiler
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👴🏼@DarthDennis5·
@FreakyEeEE When I was reading this I got scared I was sick bro use grok next time
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freaky
freaky@FreakyEeEE·
🚨 Algorand confirms “The Foundation” are were once they are did. They became the first ever to have the first as in the era of that when of a digital currency and the media began. Congratulations 🎉
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Justin Bons
Justin Bons@Justin_Bons·
We must reject all centralized "blockchains"! This includes Ripple, Canton, Stellar, Hedera & Algorand Centralization is not the future of finance; requiring permission from an authority is not decentralized! Do not be fooled by their lies, as the truth will set us free: 🧵 Ripple: Has a "Unique Node List", which makes the validators effectively permissioned. As any divergence from this centrally published list would cause a fork, effectively giving the Ripple Foundation & company absolute power & control over the chain Canton: The validator set is totally permissioned! Stellar: A similar set-up to XRP, except that they call it "recommended Tier 1 organizations," which is published by the Stellar Development Foundation. However, just like XRP, a high overlap is required, or you risk forking off the network. Effectively putting the power in the hands of the list creator Hedera: The validator set is totally permissioned! Algorand: The "relay nodes" in ALGO are still totally permissioned. Despite validators being permissionless, anyone now has the option to run a "participation node" after they recently implemented a P2P network as an alternative means to propagate TXs. Which means the relay nodes can no longer act as gatekeepers. However, it is unclear how much removing them entirely would affect performance today. Possibly making them a necessary aspect of ALGO's current design Forms of Consensus: Within a blockchain context, there are only three forms of consensus: Proof of Stake, Proof of Work & Proof of Authority If a blockchain does not use PoS or PoW, it is, by definition, PoA! As this was fundamentally an unsolved problem before blockchain came along, which solved this problem through the use of token-based incentives, either through stake or work Anything that does not fit that consensus model is instead fundamentally based on authority/trust. In the case of XRP & XLM, it is important to keep in mind that choosing who we trust is not the same as trustlessness! Binary Choice: A blockchain is either fully permissionless or it is not. ALGO has permissioned elements in its design, so it is still "centralized". A crude way to use language, but we do still need understandable schelling points in crypto. As decentralization is a spectrum, permissionlesness is only one element of that bigger picture. However, personally, any permissioned elements are a deal breaker for me, as it is so anti-thetical to the ethos of crypto that it defeats its entire raison detre Institutional Adoption: Much like the early internet, big institutions are uncomfortable using fully permissionless, public & decentralized networks. So, much like the early internet, those institutions will be left behind. The big winners are the crypto natives. That is true historically & it will also be true in the future too. The big winners during the early internet were the newcomers, not the old guard, for the same reasons we see playing out in crypto now Conclusion: The future of finance is decentralized & permissionless. If you cannot understand that, it is fine. There are other options for you on the free market But let's not pretend as if these chains are really playing a part in this revolution. Quite the opposite, centralized "crypto" is a distraction that only slows the goals of our movement down So, if you care about crypto. Reject these permissioned chains & demand they decentralize. In the meantime, we should vote with our feet & support chains that carry our movement forward towards its intended goals instead Credible neutrality, censorship resistance, privacy, immutability & more can only be achieved on a fully permissionless & decentralized blockchain That is the revolution we were promised & that is the future we can now bring about with the choices we make collectively Crypto is on the right side of history, disrupting power away from centralized authorities to help create a freer & more equitable world! 🔥
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Barb
Barb@BarcTheShark·
Haven't been keeping up with the Cardano ecosystem outside of $COCK, $SNEK, and Strike. Is it dying?
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JesseWalter.algo
JesseWalter.algo@JessCCM·
I personally love the wallet. However, I notice that quite often I will perform a transaction (say a swap on Hay), close the “transaction is processing prompt, and see confirmation on Hay that everything worked. But, I will open the Pera app again shortly after and it will prompt me again to confirm the same transaction that just completed. @PeraAlgoWallet
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Big Penny
Big Penny@BigPennyTalk·
Honest moment, if @PeraAlgoWallet can make their UX as smooth as @phantom "feels" (not far off now), those other chains are in trouble. Comprehensively the best self custody wallet I've tried. When #Algorand makes it past discovery phase. Pera will be a popular destination.
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Benjamin Cowen
Benjamin Cowen@intocryptoverse·
Markets suck, hopefully everyone is doing ok
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Benjamin Cowen
Benjamin Cowen@intocryptoverse·
Who is still here?
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JesseWalter.algo
JesseWalter.algo@JessCCM·
Hey AlgoFam. I don’t want to be “that guy”, but we have to stop calling what happened to CompX a “hack”. It was an act of negligence mixed with unethical opportunistic behavior. Labeling it a “hack” makes it sound like there are protocol vulnerabilities, when in reality this was just a HUGE slip up from a dev of a single dApp.
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JesseWalter.algo
JesseWalter.algo@JessCCM·
@ImElonMars @89srlb I understand what hacking is. This wasn’t manipulation. Someone pushed the .env file. Someone saw it and entered the information. That’s different than a hack.
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Elon Mars
Elon Mars@ImElonMars·
@JessCCM @89srlb I dont think you understand hacker methods. It doesnt need to be protocol vulnerabilities. Sure technical exploits is apart of it but simple methods like human manipulation is where the most hacks gain traction.
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Jerry Chu 🍊
Jerry Chu 🍊@PMDBT·
A little birdie told me that our NTT integration for @alphaarcade 's $ALPHA is done now. First integration was with @base, so hello to anyone on base that's been looking at what we're building with Alpha. And if you're new, welcome! Next step is to set up a pool on a good dex, then base users can start holding ALPHA natively and earn USDC directly to their wallets from the trading fees!
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Cryptom.algo
Cryptom.algo@cryptomalgo·
🚨 Breaking news 🚨 Algorand x402 Specification Proposal is merged 🚀🔥🦾 LFG!
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JesseWalter.algo
JesseWalter.algo@JessCCM·
I think it opens up more avenues to raise capital from investors. I have experience as the President of the Board for a non-profit organization, and I have owned a small business. The ways in which you can receive funding or structure deals with investors (think venture capitalists) is different.
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Governor Hat
Governor Hat@GovernorHat·
@vithushaji @hampelman_data @AlgoFoundation Why couldn’t they do that as a non-profit? There’s no requirement that non-profits not make revenue. There are non-profits in the US with BILLIONS in revenue. They just don’t pay profits to shareholders.
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John Woods
John Woods@JohnAlanWoods·
Thank you for the kind words Alex! I’m excited to be taking on the role of CEO at the Nillion Association! My strategic goal is to drive Nillion to new heights, with a laser focus on product and tech! As posted by @a16zcrypto: privacy will be the most important moat in crypto.
Alex Page ⚔️@alexxonly

Exciting times ahead at Nillion: I'm proud to share that our CTO @JohnAlanWoods is stepping into the CEO role. John has shown spectacular leadership with a sharp vision for where @nillion is headed, fueled by his storied history of developing innovative tech for crypto After leading for 4+ years, I've chosen to transition from CEO to the role of Executive President at the Nillion Association, recognizing that John's talents are vital to propel Nillion into its next evolution What John brings to the table is exactly what Nillion needs to thrive - his passion for decentralized tech resonates deeply with mine, especially our shared conviction that privacy-first infrastructure is critical to humanity's future I'll remain a key part of the team, actively supporting John's leadership as we drive ahead. The dedicated @nillion team is fully focused on releasing Nillion 2.0 with several exciting developments coming up. I'm convinced that with John in charge, our team will turn the Blind Computer into an indispensable part of the digital tools we use everyday.

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