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4.4M in LINK Stolen, Numerous ENS Wallets Connected
What layer one protocols offer similar scalability to FBA?
Why XRP is the most misunderstood cryptocurrency
Running FBA Amazon Full Automation Stores!! Please personal message me for more info!! Make 20k/month!!!
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Beside the usual risk with contract interaction. I have made money LP and also lose money LP -understanding the token you are LPing. Go with token that have a decent vol on a chain that that is not dominate by whales (rules out ETH for majority of the folks) -know the risk of your pool being drain out leaving you with the less desirable token -be water. Move you capital around to the best farm possibly at the moment which includes but not limited to potential platform airdrops -if possible lower your cost average for your token purchase. Even best if you manage to get airdrops. -fees will kill your profit if you have a small size. Be aware of that. Or just don’t use ETH. Find a cheaper chain with activity (hint hint Solana) Averaging about 11-25% on my stable coin pairing and none stable coin pairing. Like most thing in this space. LP farming is competitive and quite PVP. Folks that are making money will not tell you the platform or the pairing they use. This is like Amazon FBA. Every will tell you the steps but no one will tell you the most critical step: selecting the right product. Certainly find this on Reddit
I think Satoshi had a big advantage, but it’s not one he has exercised into a profitable advantage (as of yet). I’d like to learn more about the FBA model. Do you have some resources you can recommend?
So you don't think Satoshi Nakamoto had an advantage in getting early Bitcoin? Or mining companies that have taken advantage of the amount of energy they acquire to mine more Bitcoin than anyone else? Every network has its unique advantages where the "rich get richer". Proof of work doesn't work and neither does proof of stake. They don't scale well enough. Whereas the Federated Byzantine Agreement (FBA) model doesn't use mining or staking to validate or record transactions. What you get with FBA is a decentralized, open-source network. Where anyone can use the network to transact, exchange value, tokenize, or build applications.
Yeah, I don't intend to exit XRP, but I'm definitely feeling the need to begin heavily diversifying into other reliable networks. I'm pretty well versed in regards to ISO20022 and have followed IMF, World Bank, UN and central bank documents regarding what networks they've deemed the most viable. You did just tip me off to where I think I need to start digging... I was just about to say "the only protocols I know that any of the above have approved/promoted the adoption of are FBA, PoS & Consensus" so I think that's where I'm going to start; Consensus.
Let me explain, some guys need to look up to, more so worship, the arrogant ‘alpha male’ type which they think they wish they were. Ironically they see the way to become that guy is to grovel on their knees for them. So you get they guys who sign up to tate university and get their wallets rinsed learning about how to lose money running a Amazon FBA account, or spending their time giving more money to the guy who actively scammed them using a fake crypto game and laughed about it. The irony is, to become the less pathetic guy and become closer to the ‘alpha male scam artist’ they desire to be, they see they must go through the initiation of being the scammed loser.
When you buy an item on Amazon that is FBA (fulfilled by Amazon), that means Amazon is handling the storage and shipment on behalf of sellers. But Amazon does not warehouse their FBA inventory separate according to seller. They store all like items together. When you buy the item, even if the page shows a specific seller, Amazon just takes it from the common inventory without regard for which seller you supposedly bought from. Because they are all supposedly the same thing. So it shouldn't matter. But it does matter. You really don't know the practices of other retailers, either. Just buy direct from the manufacturer. It's worth it.
>He got the Trezor from Amazon UK. A friend of mine has some doubts about this (because it mentions "Trezor Company" in a certain place), but it is listed as an official seller on the SatoshiLabs website. From what I could tell it was legit, and he tells me that the packaging and anti-tamper was intact when he got it. The invoice he got has the correct address for SatoshiLabs. I used to be a seller on Amazon that used FBA (Fulfilled by Amazon) to ship the products. This meant I shipped my products to Amazon, they store it in their warehouse, and when it sells, they shipped it for me. The thing with Amazon is they lump all the products from various sellers together. They comingle the inventory. So if I were selling "Designer Skin Platinum Tanning Lotion" and 20 other sellers are, when Amazon gets it, they lump it all together and when it sells, they grab from that location. They don't separate products by seller. It is possible the Trezor your brother purchased was not one the actual seller shipped to Amazon to have fulfilled, but from another seller who made have had malicious intentions.
Ripple uses a consensus method called the Federated Byzantine Agreement (FBA), a consensus algorithm that allows a network of nodes to reach agreement on the state of a distributed ledger, even if some of the nodes are malicious or fail. In FBA, each node in the network maintains a list of validators that it trusts. When a node receives a transaction, it submits it to its trusted validators. The validators then vote on whether to accept the transaction. If a majority of the validators vote to accept the transaction, it is added to the ledger. FBA is more scalable than Proof-of-Work and Proof-of-Stake, as it can support a larger number of nodes.
XRP and XLM cannot be separated. They share technology and founders so what happens to one will happen to the other. If Ripple loses the case then XLM will go down as well because the networks are both similar FBA consensus. The court case speculation is driving XRP some even consider XLM a proxy to trade without direct exposure to XRP. They have always historically been very correlated
For what purpose would that serve? You can't manipulate transaction proposals, ordering, prioritization. FBA requires every node to submit transactions for voting to 81% threshold then it goes to the next round of voting. Whereas POS and POW both allow SINGLE entity block proposals which causes Billions in fraud and miner extracted value from users. The only incentive is a functional network. A validator votes on XRPL amendments and upgrades and is generally providing infrastructure to support their own business on chain.
FBA federated byzantine agreement or proof of association as it's apparently been updated to requires EVERY node submit transactions for proposed ledgers and requires 80% to agree to move up to the next round of voting until it reaches a super majority validator that submits the final ledger. I've never understood why people believe the technology is centralized. Conversely POS and POW both allow single entity block proposals which has caused all kinds of shenanigans with miners mevs. Block reorganization prioritization or inclusion/exclusion is fucking impossible with POA.
You see it's got one claw in you already... Let's do FBA together bro
Never heard of em before as well, did some research: • 923 on Coinmarketcap • 99,33% down from ATH • Brand Ambassadors: David Beckham & Francesco Totti • Founded 2017 • Consensus: FBA • TPS 10k • Block time: 2-5s
> One distinguishing feature of FBA as a consensus topology is that it achieves safety without relying on economic incentives, which can interfere with high-value and high-risk use cases. This is because it allows individual participants to independently make quorum slice decisions. This is why zkRollups are the long term future for Ethereum and not Optimistic rollups. Optimistic rollups rely on economic incentives and zkRollups don't.
This sounds similar to what [Flare](https://flare.xyz/) network is looking to achieve on the Avalanche blockchain via Federated Byzantine Agreement (FBA).The Avalanche consensus protocol is used by nodes, with a key adaptation to the FBA consensus topology. One distinguishing feature of FBA as a consensus topology is that it achieves safety without relying on economic incentives, which can interfere with high-value and high-risk use cases. This is because it allows individual participants to independently make quorum slice decisions.