Vitalik escalates ETH 2.0 merge as miners plan a 51% attack

Post by willis936 » Sat, Mar 13, 2021, 1:23 PM UTC

fock wrote: post #327

herbst wrote: post #269

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I hold, transfer and pay with crypto a lot. To save a lot of fees, have additional security and because it is simply comfortable and fast. Smart contracts allow that i can swap any currency to any other withoit kyc or even registering. I can move USD from ETH to Tron and so on within seconds for a low fee. Cashing out to IRL money is simpler and faster than even paypal or paysafe for example. Even if the crypto marke…

do you mind telling me, how you cash out USD without giving anyone your name :)?

Post by tcgv » Sat, Mar 13, 2021, 1:23 PM UTC

soupsranjan wrote: post #223

tcgv wrote: post #149

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I have been keeping up with the developments in the crypto space from the outside for the past few years. Never really invested in any currency as it always felt too risky / speculative for my taste. It wasn't until last year with the upcoming of DeFi (Decentralized Finance) that I decided to get involved somehow, instead of just watching innovation happen. I also think this really has a lot of potential. So I starte…

Amazing, love this idea!

Post by akimball » Sat, Mar 13, 2021, 1:26 PM UTC

nootropicat wrote: post #267

malikNF wrote: post #218

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Tbh, I don't get your analogy, why should the miners be looked at as bodyguards? While I agree the miners are responsible for protecting the network, I don't think you can draw a distinction that easily between an eth holder vs a miner, because anyone can become a miner and anyone can become a holder and an entity can be both a miner and a holder. Everyone who participates in the eth network should have the power to…

Miners aren't stakeholders, they are hired to do one job and have no right to get any input. They're already coddled in ethereum. Everyone who actually is a stakeholder wants PoS. Ultimately eth buyers decide everything, as all money flows from them. Miners just mine what's profitable at the moment.

Post by willis936 » Sat, Mar 13, 2021, 1:27 PM UTC

herbst wrote: post #271

seibelj wrote: post #110

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There are many people who understand Ethereum and the larger blockchain / cryptocurrency ecosystem. I have made my career and wealth in this space. What you won’t find are tons of people like me on Hacker News. This website has a toxic reputation in the crypto world given its intensely negative attitude towards this industry. I love HN. Probably the website I check most. But I have tried so hard to understand why the…

Same here. Crypto literally is the best thing that happened carrier wise to my life. From the wild wild west in the early days that allowed anyone to make some beermoney then (and be rich today if they holded) to the immense community we have today that turn simple products/dapps/whatever into millions strong businesses over night. Crypto is exactly the movement to give power back to the people (for a while at least)…

Post by Galaxeblaffer » Sat, Mar 13, 2021, 1:33 PM UTC

delaaxe wrote: post #337

hjorthjort wrote: post #332

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You send your ETH to a specific contract, from which it can't be moved (whether you want to call that "burning" is up to you, but it's probably a bit confusing). Each validator must also run an Eth full node, and uses the state of that contract to determine who can act as a validator on the Beacon chain.

Are there any plans to do staking Polkadot/Cardano style? I'd like to stake my ETH but have no interest in running a full validator