/biz/ - Business & Finance

>>54389968
the week challenge period is for bridging off using the native bridge I thought. to make sure assets don't get duplicated

>>54390014
Yeah but everyone with a double digit iq is using a different bridge or a CEX now i stead of locking up their assets for a week so how exactly doed the chain avoid doublespending if it does need to contest some transactions?

>>54390171
(hint hint) all these arb posts today are because insiders got together in telegram chats and told each other to 20x leverage long ARB because it fell 88% in a single week. Everything going on right now in crypto is manipulated.

>>54390201
It didn't fall 88% in a week. It hasn't even been out for a week ffs....

Someone bought and sold it at 10 dollars and thats where youre baby brain thinks it was fairly priced at pre drop?

Literally everyone guessed 2 to 3 dollars fair value. A lot of sell pressure has kept it in the low 1s....thats it

>>54390201
Upbit listing u fkin 30 iq retard

>>54390216
You're fucking lying. I've been in every OTC telegram and thread. OTC was 90-ish cents, $1.20 at max. Biggest buy I saw was 600,000 arb at an average of $1.20. The intial flash dump was because the token allocation was FUCKED up by nansen scan. We all know it was. Fair value is not a real world in crypto and especially not for an airdropped shitcoin. NONE of you faggots have even gone to the snapshot, tally or forums this week. You're a fucking joke dude. I'm going to make so many posts brutally heeming you when this shit caves in. I'm going to be relentless.

>>54390227
nobody uses upbit you dravidian psychopath. look at the volumes on perps trading arb verus dex/cex. It's not even close comparison. What kind of subhuman would shill upbit listings of shitcoins...you're so poor.

>>54390171
the other bridges have a different security model, usually a kind of node or watchtower based system that passes messages between chains. those bridges then have liquidity pools on the recipient end for the bridged token. basically you leave your token on one side and take out a copy on the other. roll-ups meanwhile have a smart contract on the eth side that tracks everything that happens on the L2, this is what gets updated every time the L2 makes a new commit. I'm pretty sure you can even withdraw on the ETH side if you trigger it through the contract? I could be wildly off base. But it takes seven days to make sure that the state is final before it lets you withdraw the token on the eth side (all tokens bridged to L2 are just sitting there in the contract). for L2-native tokens I guess they get minted when they cross over and burnt when they are sent back? read the docs they probably explain it better. main point is that bridges like hop and multichain have different security assumptions so they are way faster, but you have to trust those bridges more than you do the native bridge, which should be trustless

>>54390240
every fkin time something lists on upbit it fkin pumps keep midcurvin everything u dumb fkin retard

>>54390233
It should be in the top 20 which is basically $3.

And you literally said it fell 88%, but then claim it was supposed to be at less than a dollar. So did it pump 50% now? Or did it "drop 88% in a week"?

>>54390422
lol don't try and pilpul me kike. it's not gonna work. OTC trades before the coin dropped said it was worth 90 cents-1.20. Token dropped, instantly dumped to below otc price, people slurped from 50 cents on up and boom this is where we're at. Thinking this token is going to 4 dollars or even two dollars isn't shit-box crazy, but it's pretty fucking soulless. This token has zero worth. Many retailers are going to get rekt. I personally hope one of them comes after you.

>>54390442
It was at 50c for literally under a minute, bots bought it up because people would have taken a punt at it being that low. It went straight to 1.30 the second those orders filled

>>54390442
do you know how liquidity works?

>>54390618
These arb shill posts are going to be fucking hilariously desperate in april, aren't they anon?

>>54390665
shillposts and fudposts always look desperate
including yours

>>54390857
I'm out of arb and sold at 7 dollars. I'd like it to go lower so I can buy it again because governance could be valuable at some point - it's not valuable at all now. I've been transparent this entire time about how I feel, these shill posters are not honest. They want to sell their bags at 1.50 and exit. You're a dumbass for not seeing this.

>>54390871
I could not give less of a shit about when you bought or sold.
this thread is about the technicals of the arbitrum dispute mechanic and how the non-native bridges work.
you've contributed nothing to that conversation. you just came in here to get on your soap box and talk about something else.
some of us don't give a shit about the price drama. you're derailing a thread with potential and that makes you as bad as the fucking jeets.

>>54390871
>>54390903
picrel

>>54390871
why not buy in if you sold at a good price anon? youre never always gonna get your price you just need to trust yourself. not telling you what to do, you're free to make your own choices

>>54390903
I bet you wish you sold at 7 dollars because it's not going anywhere near that because MUH TECHNICALS (bullshit) you're talking about don't exist. Governance is nonexistant. Please, in detail, tell me how the current tally, snapshot and AIPs (there's 3 of them, 1 by a known twitter shill named ceazor) advance the notion of a decentralized and optimized rollup experience. Oh wait, you can't? Get fucked. Each tick up on ARB is going to be two ticks down. My schizophrenia talking about arb is making it go up too, and I know it is. People love to countertrade perceived seething and mental illness. Isn't it funny when it doesn't work out for people doing that though? I think it is.

>>54391080
which anime villian are you?

>>54391080
go make another thread to shit your pants in

The basic idea is this: an Arbitrum Rollup chain runs as a sort of sub-module within Ethereum. Unlike regular, layer 1 ( “L1”) Ethereum transactions, we don’t require Ethereum nodes to process every Arbitrum transaction; rather, Ethereum adopts an “innocent until proven guilty" attitude to Arbitrum. Layer 1 initially “optimistically assumes” activity on Arbitrum is following the proper rules. If a violation occurs (i.e., somebody claims “now I have all of your money”), this claim can be disputed back on L1; fraud will be proven, the invalid claim disregarded, and the malicious party will be financially penalized.

>>54391709
can we be absolutely sure that we'll be able to prove it?

Yes, indeed we can be. This is where the “rollup” part comes in. The data that gets fed into an Arbitrum Rollup chain (i.e., user’s transaction data) is posted directly on Ethereum. Thus, as long as Ethereum itself is running securely, anybody who’s interested has visibility into what’s going on in Arbitrum, and has the ability to detect and prove fraud.

>>54391722
This dispute game obviously takes some time; does this impose any sort of delay on Arbitrum users' transactions?

The only delay that's felt by a user is in "withdrawing" — moving their funds from Arbitrum back to Ethereum; if users are withdrawing directly from Arbitrum to Ethereum, they must typically wait 1 week before receiving their funds on L1. If users use a fast-bridge application, however, they can bypass this delay period entirely (likely for a small fee). Anything else a user does — i.e., depositing funds from Ethereum onto Arbitrum, or using a dapp deployed on an Arbitrum chain — doesn't incur this delay period.

Read more at:

https://developer.arbitrum.io/intro