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LobsterDAO 🦞

Capital inefficient?

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LobsterDAO 🦞

Also can be pretty capital inefficient (therefore not worth doing)

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LobsterDAO 🦞

https://deprecated.sushi.com/farms

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LobsterDAO 🦞

Are there also good farming opportunities for pure stables on Sonic atm? Or is the amazing farming on Shadow only pool2s? 👀

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LobsterDAO 🦞

100%, DePIN computing + DePIN internet would be the ideal solution, but DePIN internet so far seemingly only done by Helium who sell their own hardware which makes the "De" in their "DePIN" ethos laughable.

And @Ruzo11 yeah agreed, I feel if anyone was to take control of Bitcoin mining power it would be countries like Russia or China (albeit I haven't done much research into this).

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LobsterDAO 🦞

Sharing compute resources on local devices under cryptographic security and sharing the rewards

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LobsterDAO 🦞

Yeah @flipdazed like @Ruzo11 said with Bitcoin being the superior (for decentralisation) PoW, you need to own 51% mining power not Bitcoins themselves. But regardless, as far as I recall, a lot of Bitcoin mining power is held by 3 entities? or something along those lines, so it's not the most decentralised.

Also, if it grows to a significant market cap and global value, any government can invest a lot of money into mining rigs, and unless hundreds of millions normal people altogether start mining Bitcoin, it's unlikely to see its desired goals of decentralisation

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LobsterDAO 🦞

...but wouldn't the US need to hold >51% of the mining infra for that, compared to holding >51% of btc

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LobsterDAO 🦞

That’s one of the reasons I won’t go near bitcoin… once US goes full on into BTC, with the level of cash in asset management, the USA will easily have under its custody >51% rendering the network centralised and full censorable

I can easily see a future when a US institution gets hacked and they realise they have enough nodes to roll back

At that point when decentralisation falls apart BTC becomes a flimsy value prop. At least ETH has programmability

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LobsterDAO 🦞

Try to find the pool contract then paste it into Etherscan

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LobsterDAO 🦞

There was/is a link for a “forced” withdrawal from Sushiswap pools that I can’t find. I used it on one account and found another old LP. Maybe someone knows what it’s about? It’s for withdrawing old LP tokens.

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LobsterDAO 🦞

Get a special contract with whitelisted destinations and n out of m signatures, and to whitelist something you need k out of v signatures, where k >> n and should include some external parties

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LobsterDAO 🦞

Well if someone disagree - you get a new chain

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LobsterDAO 🦞

It's been done before, haha... it doesn't go against decentralisation....more against immutability

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LobsterDAO 🦞

Yeah, EF wont edit the chain to undo the hack, it goes against the entire ethos of decentralisation immutability*. It would also set the worst precedent ever and create a very slippery slope - and Vitalik, who's deeply educated on economics and these topics, wouldn't risk that

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LobsterDAO 🦞

I think buy spot and hedge your spot buy via 1x short is not feasible since you are not putting that spot in Hyperliquid. Need provide extra asset in Hyperliquid

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LobsterDAO 🦞

Lp yields advertised here are not fixed and fluctuate a lot

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LobsterDAO 🦞

Can any big brains shed some light on this for me?

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LobsterDAO 🦞

The irony is that if you seize it, you seize nothing because it’s sole value has now disappeared 😅

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LobsterDAO 🦞

imho it will pan out like with ai, chips wise (not an expert, but i at least read the book chip war from chris miller) we won't see big breakthroughs as physical boundaries, the actors that can get their hands on cheap energy will have an edge. perhaps state run btc rigs wired up to some nuclear powerplants, or suddenly iceland using all of its geothermal energy to become a big player

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LobsterDAO 🦞

One workaround of this could be depin

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LobsterDAO 🦞

I may have muddled PoS with PoW 🤷🏼‍♂️ I’m not sure if the ownership makes a difference - back in my box (still think BTC sucks)

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LobsterDAO 🦞

even now, they already have too much and it is dangerous

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LobsterDAO 🦞

Nah, transaction size was dictated by hacker, basically "take all"
But idea here to limit wallet balance

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LobsterDAO 🦞

Probably you have to call the pool function in the block exporer to withdrawn.

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LobsterDAO 🦞

yes. and give it time or break large tx into smaller one. btw what’s the largest single tradfi tx ever done? als would it be better if @safe has no delegatedcall?

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LobsterDAO 🦞

a few ways to make it harder for any attacker:


- don't rely on emails to announce new signing request, use something more secure like Threema
- announce signing requests (not expect people to check SAFE Ui and then blindly sign) through above mentioned pre-announce channel
- if you don't have email or other messaging apps on the signing device, phising will become a lot harder

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LobsterDAO 🦞

the real vun is not air gapped its a phishing. all signers. there is nothing you can do if you mistakenly hand your money to malicious party

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LobsterDAO 🦞

Now, when institutions like BlackRock and co own all of the Ethereum nodes however, then of course everything will be nice and centralised again, and reset buttons will be happening all day every day

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LobsterDAO 🦞

Vote by eth held.. over 50% implements the will of the community.

From a preventive standpoint, though:

Isn't it possible to create/propose these transactions on an entirely airgapped device, relay the transaction on a device only used for signing (enforced by MDM policies) and then other signers crosscheck and sign?

Can be implemented in such a way that is not too cumbersome, although that should be less a priority for a cold wallet?

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