[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 21 KB, 400x400, micah zoltu.jpg [View same] [iqdb] [saucenao] [google]
51020419 No.51020419 [Reply] [Original]

>TLDR: Even if they're not doing anything technically wrong, PoS lets us punish people via ex post facto laws
>sauce
https://www.youtube.com/watch?v=jJaCaS0WbIw&t=2821s

These are your so-called "core devs" speaking. Enjoy.

>> No.51020434

>>51020419
shouldn't be surprised about this tbqh

>> No.51020441
File: 8 KB, 261x215, BB671C1A-022D-4EE2-A416-BC30A335F1E8.png [View same] [iqdb] [saucenao] [google]
51020441

>>51020419
>oh my god vitamin, pepe.eth called me nigger on twitter, according to social consensus he must be slashed

>> No.51020510

>>51020419
Pedo, elbow. What do you expect. Eth is fucking nasty.

>> No.51020527

that's the entire point of proof of stake. the ONLY reason to switch to it.

bitcoin mining is fungible, anonymous, permissionless, and scales infinitely
ethereum under proof of work used bitcoin's same system, and inherited the exact same properties

proof of stake has been explicitly designed to strip away the fungibility: miners can now be targeted individually. the anonymity: validators can themselves be sanctioned with no recourse, and their blocks must be ignored. permissionlessness and infinite scaling: both must be removed otherwise you can't keep a permanent log of all validators for the above authoritarian purposes.

ethereum was never decentralized, and so proof of stake plays perfectly into ethereum's strengths, as a hyper-woke hyper-top-down-controlled network that's quick to change opinion (though slower to act) and so wants the ability to force out individuals that no longer follow the party line, keeping dissent to a minimum to allow these changes to be pushed through with less resistance.

>> No.51020580

Is this scam an illegally-sold unregistered security yet or are we still pretending it's not for now

>> No.51020588

>>51020419
you got it backwards idiot. Yes censorship will come, staking will be semi-monopolized by cartels of validating nodes, and they will be leaned on by authorities to not write transactions to the blockchain, see tornado. The core devs say they want it to be known these validators risk losing their node and whatever -unclear to me how they will fix it but the intention is expressed to want to keep it censorship free.
The problem I see is that yes, authorities will try to prohibit transactions and yes, core devs may act, but that will create chaos and insecurity for eth. I decided to sell my eth after 15 Sep and put it all in Bitcoin. I am not comfortable with a bunch of techies threatening with a nuclear bomb to save the village.

>> No.51020601

>>51020580
the 12,500,000 eth premine was really the only "scam" part about the launch, the presale massively increased centralization but wasn't really a scam.

>> No.51020853

>>51020588
nice blog story, now kys bot.

>> No.51020890

>>51020853
nobody's going to move from etherreum to your forgotten alt-l1, though.