Analogue clocks like the face of big ben are not like digital displays, and whether they "show seconds" in the context of the meaning of this article is not, like digital displays, down to whether there is a dedicated hand.
Unlike digital displays, the largest denomination hand on an analogue clock display contains all of the information that the smaller hands do (depending on the movement in some cases).
The easiest way to realise this is to imagine a clock without the minute hand. Can you tell when it's half-past the hour? You can. The hour hand is half way between the two hours.
Again, it depends on the movement, but it is not out of the question that your minute hand is moving once every second, and not every minute. It is down to the number of beats per unit time for an analogue display as to what the minimum display resolution is (regardless of if the movement is analogue or digital itself).
No need to imagine it, it's been invented many years ago and it's called a perigraph. Meistersinger makes one of the nicest I've seen: https://www.relogios.pt/meistersinger-perigraph-relogio-auto...
Spoiler: Bitcoin wins on all of those. The market cap is better for a reason.
I'm not so sure about understandability at protocol level, I do believe Ethereum to be straightforward but then again I've followed its progress over the years
Bad for customers to be sure. Most have no idea what they're doing and have fallen for a scam hook, line, and sinker. They (loudly, incessantly) proclaim to their friends the benefits of a new money paradigm while deriving all sustenance through the umbilical cord of OldFi. ChromaFlair on a Model T.
The article itself is a hot mess of muddled thinking. It starts by talking about the Bitcoin white paper (not a "manifesto"), then asking the absurd question: "Why can't DeFi make good on the promise?" The reason is that "DeFi" is about as far from Bitcoin as "car" is from "carpet."
The Bitcoin white paper describes the application of proof of work to the problem of electronic cash. The vast majority of DeFi projects are just centralized ledgers operating through trusted institutions. They are the very definition of "mint" in the white paper - a single, corruptible player that sets the rules - arbitrarily if need be.
The remaining half states: "As an additional firewall, a new key pair should be used for each transaction to keep them from being linked to a common owner. Some linking is still unavoidable with multi-input transactions, which necessarily reveal that their inputs were owned by the same owner. The risk is that if the owner of a key is revealed, linking could reveal other transactions that belonged to the same owner"
Unlike Bitcoin, account based blockchains make this extra measure of privacy harder as the receiving and sending address is one and the same, however there's no limit to how many accounts one can have, so anonymity is still possible as long as acquiring the coins doesn't reveal your identity.
Those who sign up for cryptocurrency service providers (who are required by law to perform AML/KYC checks - and do so with the consent of their customers) trade away the privacy (of some of their) transactions for the benefits (most commonly, yield and ease of use) said services offer. This is not different from use cases of cash money, where getting cash money from an ATM or most money transmitters will reveal your identity, and while one is free to make in person transactions and remain "anonymous", if one wants to have a bank account or invest legally, then some level of KYC will be in place.
The article indeed asks the wrong question. DeFi can't operate legally without KYC/AML and customers know it. Your comment on the other hand seems to me to be making an error in believing DeFi users don't know this.
A few years back I wrote https://medium.com/coinmonks/lashing-out-at-a-spank-channel-... about a similar hack where a contract "trusted" a given (user input) contract based on nothing other than verifying a function signature. This latest hack was smarter but ultimately it still exploited a 4 bytes hash "security" feature...
Bitcoin is secured by hashpower, which is produced by physical capital outside the network. Nobody needs to ask for permission to start hashing and trade kilowatts for sats.
PoS networks are secured by on-chain assets. This means you can't "mine" it without first buying tokens from someone who already owns them. You need permission from an existing player in order to start participating.
Another aspect of this is 51% attacks are recoverable for PoW, but are a permanent takeover condition for PoS networks. If a single entity ever accumulates more than half the tokens on a PoS network, they are unassailable.
This is not true. PoS has many design flavours and the one Ethereum is planning on implementing includes random selection of validators and the amount staked has no influence on the inclusion or the vote "weight".
Also with PoS an attacker will always incur economic losses similar to having your mining rig burning down if you were to try to foce a bad block through. In PoW networks attackers can keep on mixing attacks with producing normal blocks and remain profitable
Often I hear English speakers use the answer "It depends." where an Italian would use "Ni."
For what you would expect the output to be:
[1, 7, 11]
However, things get a bit off here, and the actual result is:
[1,NaN,3]
At first, this may look up very weird, but it actually has an elegant explanation. "
The elegant explanation is that JavaScript was taken over by psychopaths like bajcmartinez.
JavaScript is fine for button onClick code. Outside of that it's garbage.
This page (https://github.com/ethereum/wiki/wiki/Design-Rationale) contains a good overview of the UTXO vs Account model with each's strengths and weaknesses.