wc- · HackerTrans

3 years agodiscuss

This just isn't how the grid works. Texas has added more than double the amount of renewable energy than any other state grid in the last two years. These investments introduce variable production and require on-demand response to keep the demand/consumption balance steady. Normal / residential consumers do not have a steady demand, don't prepay power usage, and don't guarantee future power usage. All of these factors are what make industrial demand response valuable and necessary for the modernizing, increasingly-renewable based, power grid. ERCOT isn't perfect, I think there are areas for vast improvement, but I think your comment is a little uninformed as to how the grid currently works and will be working in the future as we increase renewable production.

wc-

3 years agodiscuss

Totally agree! But this isn't the reality we live in today and you have proposed a potentially better option with no ideas on how to achieve it. What you need to focus on is how we can grow a better grid while achieving prepaid usage levels, guaranteed usage levels, and on-demand response. These factors are what lead to a more efficient, more climate friendly, more better etc etc grid.

wc-

3 years agodiscuss

There's a lot of misunderstanding in the comments so far regarding bitcoin mining incentives. I urge you to read this thread describing the split-second load-shedding response time from the POV of one of these miners:

https://twitter.com/ogbtc/status/1699588007664275873

It also goes into the other mechanism by which they make money (being natural sellers of future energy demand contracts during times of high demand). This mechanism is similar to how other commodity markets operate with producers, consumers with steady future demand, and consumers with unpredictable short-term demand.

Our energy grids need to keep an equal demand/production at all times, and on-demand load-shedding is a valuable part of this equation. The bitcoin miners are providing a service to ERCOT and being paid for it. If there were a more "productive" source of on-demand energy usage, then it will replace the bitcoin miners, this is how markets work (of which both energy production/consumption and capitalism in general are).

This is the reality of how the texas energy grid works at present. The bitcoin miners, for lack of a (subjectively) "better" option, are filling the two needs of elastic load-shedding and predictable future demand. The first is very hard to fill, the latter can probably be fulfilled more productively with steady demand from other industries (factories, data centers, other things that run 24h per day).

One more edit: this whole equation changes COMPLETELY if we have the ability to store energy production in times of low demand to be used in future times of high demand (batteries). We don't currently have this at any sort of reasonably useful scale, we need this, and the current "market" everyone is upset about is a bandaid on top of the lack of decent storage options. For the climate folks, the anti-bitcoin folks, whoever disagrees with what I've said here: Fix the storage issue and everything gets magically better. Good luck, it's a very hard problem with very nasty environmental impacts, I'm rooting for you.

wc-

4 years agodiscuss

This point is getting missed by a lot of people I think. FTX / Alameda had a part in funding almost all solana-based projects, and almost all of these fundings involved some kind of "use FTX as your bank" fundraising stipulation. So not only were they propping up the ecosystem with projects getting funding that might not have really deserved it, but now those projects have no treasuries.

The entire solana ecosystem is just nuked now and it isn't hard to see this in on-chain activity and project/dao comm's.

edit: as a dev solana had some nice implementation details and was a step forward over some other chains in some ways. IMO it's totally DOA now, but I hope the dev community (whoever is real and not an alameda-funded "anon" dev etc) continues on in some capacity on a fork or other chain.

wc-

4 years agodiscuss

Coinbase adds new assets to the pro option first, establishes a market, and then adds to the retail Coinbase "buy button" app. When a user hits the retail Buy Coin button, the internal market maker fills the order against the coinbase pro's order books.

wc-

4 years agodiscuss

Anyone have other resources (besides the who's hiring monthly thread which is my favorite) for remote work hiring that are worth checking out? Especially not just technical roles?

wc-

4 years agodiscuss

I don't really want to say more because I'm worried that the creator of both of these (Richard Heart) would somehow be litigious, but please do more research, especially into how the hex network handles fees and rewards flowing back toward the creator. There are very concerning behaviors of the hex network that enrich the creator at the cost of everyone else. Pulse is doing the same, it's a playbook being followed.

And this is coming from a very pro-crypto person, non-btc maxi etc, type of person.

wc-

5 years agodiscuss

Regarding this "print": https://twitter.com/paoloardoino/status/1467504705857335302?...

"PSA: 1B USDt inventory replenish on Tron Network. Note this is a authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps."

The tether CTO routinely comments on these seemingly large moves because people get very worked up about them.

Why does tether seem to bring out the tinfoil theories from people that have absolutely 0 background in finance or crypto market structure or econ in general.

wc-

5 years agodiscuss

thank you for responding with this info. i had no idea dxdao even existed and now this will be my first answer to any curious devs!

wc-

5 years agodiscuss

There's a lot of back and forth about the general idea of NFT's, why would visa do this, the usual HN pros and cons of crypto, etc, in this thread.

To the software devs on HN that might scroll past this, before you close this tab because of all the crypto stuff when you want to read about coding, hang on a sec!

There are some really really cool new user experiences being unlocked with so-called "web3" tech. Micro transactions, wallets embedded in your browser, these technologies offer so much potential for things far beyond a punk NFT or cryptokitty.

Any front-end dev I talk to in person I urge to get in contact with some of these communities and try out a consulting project or two, so I'll urge the same here. The pay rates right now are outrageous and you will get to try out some tech that might end up being useless or might end up being the next major comms layer, exciting times!

edit, adding some links here:

https://ethereum.org/en/developers/learning-tools/

https://ethereum.org/en/community/

https://ethereum.org/en/learn/

https://api3.org/

https://forum.w3f.community/

some of the above are ethereum specific, but there are always new communities popping up and out of ethereum. for example, Avalanche is ramping up their dev community funding right now with over $170m committed to the ecosystem.

https://www.avax.network/developers

https://www.avax-projects.com/

wc-

5 years agodiscuss

Why do you care if this company wants to take on the hassle of converting the bitcoin to $ for the customer? It's an additional source of revenue for them.

wc-

5 years agodiscuss

I buy a house with a mortgage, I owe $1k a month or whatever to this company to pay my mortgage. If I pay with bitcoin it is a capital gains event to convert it to USD and I would owe capital gains taxes on the $1k per month or whatever my payment is.

It's the same as if I were to convert the bitcoin to dollars on my own and pay via dollars. Taxes are still paid in this scenario just as they would be if I converted the bitcoin to dollars and did whatever else with it...

Why so angry about this?