Vitalik just posted an updated roadmap for ETH. I am so glad Satoshi isn’t posting roadmaps on Twitter…
The Merge
The Surge
The Scourge
The Verge
The Purge
The Splurge
What kind of retard thinks this is “ultrasound money”?
Switching to Proof of Stake created a host of new problems, in this case “the list of upcoming block proposers is public and it is possible to map their IP addresses. This means that attackers could identify which validators are due to propose a block and target them with a denial-of-service (DOS) attack that leaves them unable to propose their block in time. This could create opportunities for an attacker to profit.”
Hubris coming back to bite them.
Exactly right. Vitalik was the archetype for “crypto” with his nerdy looks and autistic speech patterns. SBF updated the model with “effective altruism” but was essentially the same thing - both their to get outside money in by playing to the crowd.
People who conflate crypto and Bitcoin don’t understand these type of people aren’t in Bitcoin, it’s a totally different archetype I think best encapsulated by this:
Few years after “the merge” and they are already contemplating a max stake capping 😂. Wait until they realize they can’t without imposing serious KYC.
This is 100% a financial security in the US.
Ethereum have BY FAR benefited the most from the lack of clarity from the US SEC.
They’ve taken the Uber playbook of accelerating into legal grey zones to new lengths and effectively been protected by the Government slow-rolling fucking everything around “crypto”.
Bitcoiners not asking for permission is very different to a scam being enabled by regulators for years. A lot of people are gonna get rugged bad on this one
With PoS there is no “no asking for permission” anyway. If your only anchor to reality is capital, you’re only left with economic and political power. Those two are well in the realm of State control. You are at the mercy of the State.
It is meant to be a confusing alternative to bitcoin used to keep the masses of doing what is otherwise obvious: save their productivity in bitcoin.
I have recently finished Ways and Means, a book on how (mostly) the North financed the Civil War. The Treasury had a similar fight against gold investors. There are all sorts of tactics they used to convince the public to buy government bonds instead of gold.
History doesn’t repeat but it often rhymes.
Ethereum is the ultimate attack on Bitcoin.
If you were the state motivated to keep your monopoly on Monopoly money, this would be an obvious attack vector.
Seeing that Ripple fucktard fund Greenpeace to attack PoW has been hilarious, they clearly don’t have any hooks into power given how completely useless that campaign has been.
PoS is destroying itself in reality anyway, when people wake up to what PoW can deliver in terms of benefits then ETH will ultimately die.