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Ethereum 2.0 launches

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Re: Ethereum 2.0 launches

#431

Post by pattusk »

j-pb wrote: post #371

Whenever someone mentions smart contracts I'm instantly reminded of that Jean Luc Picard quote: "I don't know how to communicate this, or even if it is possible to do so... but the question of justice has concerned me greatly of late. And so I say to any creature who may be listening: There can be no justice, so long as laws are absolute. Life itself is an exercise in exceptions."

This is why human resolution layers such as Kleros exist. You can rely on human juries to resolve certain conflicts that automation could not possibly handle. The system relies on game theory to disincentivize dishonest jurors. Whether it will hold in practice remains to be seen, but a few (~100 for Kleros I think, there are also other solutions such as Aragon but I'm less familiar with them) cases have been dealt with succesfully so far.

Re: Ethereum 2.0 launches

#432

Post by voxl »

shortstuffsushi wrote: post #383
voxl wrote: post #117

Earlier quoted context omitted.

People have said a lot to you already, and your only response has been "big words, what about average citizen, don't understand." I think it's time to just say it, Ethereum is not for you and is never going to be, you seem to have an agenda in thinking it's a useless waste of time. Ethereum is a decentralized commerce and application network. And no, you simply cannot do that with anything else but cryptocurrency. It…

> Ethereum is not for you and is never going to be This is a problem though, because it needs to be "for everyone" for it to really work, right?

No, it doesn't, no more than the United States government needs to be "for everyone."

Re: Ethereum 2.0 launches

#433

Post by Acrobatic_Road »

gnarcoregrizz wrote: post #257
KSteffensen wrote: post #214

Earlier quoted context omitted.

> In the case of Ethereum, digital scarcity secured by a blockchain enables a turing complete state machine that the world can use This sentence is completely opaque to me. I have no idea what you are trying to say. > In the most basic terms, this will remove clearing houses for transactions of asset So I will be able to go to Starbucks, buy a cup of coffee, pay for it with Ethereum and not involve my bank? > Imagine…

No KYC Offline account creation Instantly liquid programmable assets Programmable banking Financial censorship resistant Micro finance Anyone can use it, it’s surprisingly simple You could create your own company+shares if you want and they can be instantly available on any market. Ever tried trading a penny stock, or an international stock? It takes forever to open an account at a brokerage where they may or may not…

>Instantly liquid programmable assets

Since nobody really answered this one I'll explain it.

Let's say you create 1,000,000 Blah-Tokens. Problem: your new asset has 0 liquidity. Right? Because there isn't a market for it. If you get it listed somewhere, there still won't be a market until people start placing buy and sell orders. So, can ethereum fix this? Yes! With an automatic market maker like uniswap. Put your 1M fresh tokens in a pool alongside some ETH. We'll say this pool will obey the law xy=k, x and y being the two tokens. We'll also say that the exchange rate shall be x/y.

Now anyone can come along and transact with you and the liquidity is already there! No order book is required. The price is quoted and tokens are added/removed from pool in accordance with xy=k. You get a fee for being nice enough to supply the liquidity. Oh, and anyone can supply their own tokens and split the fees with you. Wa-la.

Re: Ethereum 2.0 launches

#434

Post by eMGm4D0zgUAVXc7 »

woah wrote: post #423
eMGm4D0zgUAVXc7 wrote: post #407

Earlier quoted context omitted.

> Security deposits of attackers in ethereum are slashed, up to 100%, in case of an attack. What defends against the attacker configuring his nodes to just not relay the blocks which slash his deposits, by having a majority in the network connectivity, and thereby convincing victim nodes that he in fact is the victim of false slashing because the victims will only discover the slash-claims much after the attackers "v…

You seem to assume that the attacker has control over the entire internet.

Ethereum has 11 000 nodes currently: https://www.ethernodes.org/

There are probably many botnets of IoT devices with 10x that many nodes, aren't there?

So a single botnet could probably ensure that a target victim has the majority of peer connections to the attacker.

Re: Ethereum 2.0 launches

#436

Post by xiphias2 »

arcturus17 wrote: post #418
xiphias2 wrote: post #375

Earlier quoted context omitted.

This book is the best summary that I can give you to being persuaded. Bitcoin's price movement is just a market signal that there's something deeply wrong and unfair with the current financial system. The more you learn about it, the more you can profit from the huge value transfer that's going on in front of your eyes. If you want a link, I suggest hope.com as well (as I could suggest many others, but what's importa…

> Bitcoin's price movement is just a market signal that there's something deeply wrong and unfair with the current financial system Sorry but this sounds like the conspiracy drivel commonly heard in crypto circles. To a reasonable person, Bitcoin's price movement is a market signal of people speculating and trying to become richer - simple as. Occam's Razor, and all that.

That's true of every asset in the world. But it doesn't explain why Bitcoin is the best performing asset in the history of humankind for more than 10 years now. Bitcoin as a software is very simple, you can code it in a day in a high level language. But if you don't take the time to go deep on monetary history to see why a money takes over another (or not), you'll miss out on huge gains.

All reasonal people start as Bitcoin skeptics BTW, that's fine.

Re: Ethereum 2.0 launches

#437

Post by xrd »

siraben wrote: post #367

Having worked with Ethereum, especially the low level bytecode, one of the changes I'm most excited for that I don't see mentioned a lot is the addition of eWASM support for nodes. There's many problems with the two dominant smart contract languages Solidity and Vyper, for instance bloated codegen that had to be patched otherwise complex contracts size could not be deployed[0], or more theoretical concerns such as so…

I've done a small bit of dabbling on solidity. Is there a place to get started on this new proposal? Or still too raw for the less experienced? I'll check your links but in case they don't cover that question.

Re: Ethereum 2.0 launches

#438

Post by nemo1618 »

zeroxfe wrote: post #380
SRTP wrote: post #310

Earlier quoted context omitted.

There is no way Bitcoin will switch to PoS. The very core of Bitcoin is PoW.

That doesn't follow. The very core of Ethereum is also PoW, and they're migrating to PoS.

In case there's ambiguity here, I think GP means "core to the ideals" of Bitcoin, not the core of its implementation.

GP is correct. The Bitcoin community is fiercely conservative, and a proposal to switch from PoW to PoS would be met with about as much scorn as a proposal to increase the total supply.

Ethereum, on the other hand, has never had any strong attachment to PoW -- quite the opposite, really. Switching to PoS has been a major goal since the early days of the project.

Re: Ethereum 2.0 launches

#439

Post by nemo1618 »

nikolay wrote: post #330

One question - why didn't Bitcoin drop to zero? I know, VHS survive and Betamax didn't, but unlike Betamax, Ethereum is pretty popular for everything, not just for low-class commodity speculation.

Less is more.

What distinguishes Bitcoin from most cryptocurrencies is that a) It has a (relatively) simple goal -- sound money -- and thus less attack surface; and b) Its community is fiercely conservative, to the point that major changes to Bitcoin (e.g. increasing the total supply) are completely off the table. These properties inspire confidence, making Bitcoin a much safer bet than any other cryptocurrency.

Re: Ethereum 2.0 launches

#440

Post by [deleted] »

mathnmusic wrote: post #28
tryptophan wrote: post #23

Earlier quoted context omitted.

Yes. But thats the point of PoS. Why would someone who owns >50% of something want to destroy it? Literally hurting yourself more just to hurt others a lesser amount.

Correct me if I'm wrong, but if you own > 50% and get the ability to reverse transactions, it can still go undetected. So it's possible to hurt others without hurting yourself.

[deleted]
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