Tell HN: Coinbase now requires physical address of recipient in crypto transfers

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Uniswap

#Finance #Business & Commerce #Productivity 77 social mentions

2

Unstoppable Wallet

#Finance #Cryptocurrencies #Cryptocurrency Wallets 7 social mentions

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Zcash

I haven't studied it, but I believe ZCash https://z.cash/ is not designed to eliminate that record (that's what a blockchain is right?), but to encrypt it and then use zero-knowledge proofs to show the validity of the transactions. That seems like it might be the best of both worlds in some ways: laws can be enforced when it's genuinely important to do so (the record is there so presumably if you seize people's keys you can verify transactions), but not so cheaply as to entail practical mass surveillance and tyranny. In principle presumably a possible weakness is later large-scale decryption if the encryption gets broken -- but that's arguably much less useful to the would-be tyrants and surveillers.

#Cryptocurrencies #Blockchain #Business & Commerce 17 social mentions

4

DefiLlama

Hacker news is a bubble of crypto haters, everything positive gets downvoted here. There are hundreds of apps in DeFi, was 250B invested, over 10MM paid per day just in transaction fees, and 20k developers. The amount of users is growing as fast as the internet was during the 90s (we're equivalent to 1998 now) and almost every usage graph is up and to the right exponentially. Can see many of the metrics at https://defillama.com and https://link.medium.com/readqva7brb Ethereum by the metrics looks like the greatest startup investment of all time. It was also the quickest to reach $500B market cap. But alas many are going to miss out because they miss the forest for the trees. A16Z is definitely making the right moves based on the metrics. HN folk are blinded by emotions.

#Fintech #Crypto #Cryptocurrencies 132 social mentions