I am trying to understand synthetix, but am having trouble grasping some basic concepts. Can anyone help?
What is the mechanism by which sUSD is pegged to $1? If it goes above $1, SNX holders are incentivized to mint more sUSD and then sell for immediate profit. So that makes sense to me. But what if the peg goes below $1? As far as I can tell, it is not possible for someone to simply buy sUSD on the open market and then redeem it for $1 of collateral (which seems like the natural way to correct a below $1 price).
I understand that SNX holders get trading fees from trades on synthetix.exchange. Is there anything stopping people fro
When looking at the order book (in a browser) for DAI-WETH, I've seen quite a few instances where the order book gets crossed (buy prices above the lowest ask price).
Can someone help me figure out what is going on? Are some of those orders non-fillable?
Is this something that is discussed much (or at all) as a possible improvement to bitcoin? I realize it would require a hard fork, but other than that, it seems like a huge improvement.
The current serialized UTXO set is about 3GB. The blockchain is about 145GB. Referencing the UTXO set in the block header would allow a new node to begin fully validating after only downloading 3GB of data. Seems like a huge win for decentralization. Am I missing something?
By my calculations the bch difficulty will likely adjust on 8/20 to about 7.2% of btc (from a current 12.5%). Assuming the current bch/btc exchange rate rise from 7% to 12% holds, bch will be more profitable to mine.
Any guesses/thoughts as to what portion of the miners will switch? 10%? 50%?
I tried posting this in r/bitcoin and it was denied as off topic. wtf? how can something that so clearly potentially impacts bitcoin holders be off topic?
All my orders over the last 12 hours or so (both API and web interface submitted) have been timing out. Is anyone else having this problem? Any suggestions on how to fix it?
I submitted a Monero transaction about 12 hours ago. As far as I can tell (from moneroblocks.info) it is still in the transaction pool along with about 311 other transactions. Is there any way that I can get things moving?
I am not sure if I am reading moneroblocks.info correctly. 312 transactions does not seem like very many, but it looks like each block is only including 2-6 transactions. Is that correct? Is the capacity of the monero network really only like 6 transactions per minute?
I fairly recently started getting an "update firmware" nag for my keepkey. I am trying to figure out how important it is to update it, and whether there is a way to permanently skip the nag screen.
I am nervous about updating the firmware. I feel like part of the main point of getting a hw device like the keepkey is that once I finally feel comfortable with trusting the device to keep my keys safe, I don't want to modify the device.
