Viewing profile — randomran01234

I’ve thought about this a bit more. You can target the UXTO so that their value in crypto starts back at zero. But because they still have the mining hardware, they still control 5…

Most crypto including Bitcoin is governed off-chain. People come to consensus on a set of rules that allows them to create a public and permissionless BFT ledger. Attacking the led…

If the 51% is a single staker or small group of colluding stakers attacking the chain, the rest of the users will probably not want to continue using that chain. The users can acti…

Users and the market decides on the chain, governance in Ethereum is based on social consensus not “one coin one vote.”

Good question, I’d be interested to hear a core dev’s thoughts on this.

Users, developers, other stakers.

It takes time to learn but it isn’t obtuse. It’s extensively documented, with multiple open source clients being built in tandem. Besides, it is not the only PoS system running tod…

Their actions would most likely be visible on the network because it is transparent. The community can then decide whether to activate a fork and punish the colluding nodes.

In PoW, if you control 51% of mining the users can defend by switching to another hash algorithm, meaning the attacker needs to re-buy a lot of new hardware. If they’ve anticipated…

So your main argument is that people are too stupid to understand that Ethereum is not the same as Infura, and so when one goes down you may as well call them both down? Lol. Lack …

Why? PoW can only afford to be attacked twice. It even has a name: “spawn camping.” In proof of stake, this is pretty easy to defend against repeatedly. https://vitalik.ca/general/…

Can you point to any sources? I would like to read about how this will be accepted even if the majority is against inclusion.

Trying to understand how this differs in practice. Anyone delegating to a staking pool is forced into their values. Ethermine recently started blocking OFAC transactions, so does t…

It’s the same with staking. If you aren’t solo staking, you are just delegating to a staking pool. And you can withdraw that and deposit it elsewhere if they do not align with your…

Interesting, so this is a problem if 66% or more decide to reject a transaction. How many blocks are currently signed by solo miners in PoW? Almost all blocks are signed by pools w…

> This was not an issue with the old proof of work scheme. Censorship of transactions because of OFAC is already happening in PoW mining. https://twitter.com/takenstheorem/status/1…

How much of this is a real problem? Same argument can be made for key management. A typical user could use non custodial wallet, but they don’t. But that option exists, for when th…

Is there any evidence that almost 100% of transactions use Infura? There are several other popular nodes as a service since the cited 2018 article was written: Alchemy, Quicknode, …

He does not need to sell his anti-Amazon book on Amazon, it is laughably hypocritical and goes against his entire message in his Twitter announcement: > it's an action-oriented loo…

Sorry but “he has to sell his anti-Amazon book on Amazon” is delusional, cognitive dissonance in action.

You can pre-order his anti-Amazon book on Amazon. You don’t need to sell your book on Amazon just to live in a capitalist society. To me this is hypocrisy, but I guess not everybod…

As I said in another comment: > You can pre-order the book on Amazon. It’s like a PETA selling furs to support their anti-fur campaign.

You can pre-order the book on Amazon. It’s like a PETA selling furs to support their anti-fur campaign.

Feels a bit odd to rail against tech companies extracting dollars from artists, and then use Amazon, Kickstarter and PayPal as a sales mechanism. Could be worse I guess. Edit: incl…

It's very possible that an EVM-compatible L2 eventually captures this space, or a subset of it. Harder to imagine any L1 blockchain ever being able to reach the throughput needed w…