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Merge soon

ultrasound.money

11–20 of 137 posts

Re: Merge soon

#11
An open source project pulling off one of the biggest upgrades in the history of software development thanks to efforts of a distributed group of people should be celebrated here. Else, what is the point in calling ourselves "Hacker" News?

Re: Merge soon

#12
post #2

This deserves to be the top spot on HN right now. Years of countless replies and mockery here across N accounts telling me this day would _never_ happen. Yet here we are, we're finally about to break away from the shackles of PoW and the crypto skeptics are silent. EDIT: I'm rate limited/soft banned so I can't reply to most of you/anyone until tomorrow. While I can still edit: -Cash is the ultimate scammer currency,…

One can be both positive about the benefit that this move brings, yet deeply negative about the overall value of crypto.

This is absolutely where I stand. Hurrah, Ethereum's cost on humanity and the environment is dropping drastically! Unfortunately, it still has a measurable (if no longer grotesque) cost with extremely dubious benefit.

Re: Merge soon

#13

The biggest gap between people involved with the Ethereum ecosystem vs. mainstream media seems to be that the former are focused on the economic impact of The Merge, while the latter is focused on the environmental impact. Don't get me wrong, reducing energy costs is great and everyone agrees with that, but the resulting changes in monetary policy are probably even more impactful. But of course this is not sensationa…

Everyone has a mutual interest in not destroying the world we live on. A fraction of a percent of the population cares about Etherum's impact on the way they already conduct business.

Re: Merge soon

#14

The biggest gap between people involved with the Ethereum ecosystem vs. mainstream media seems to be that the former are focused on the economic impact of The Merge, while the latter is focused on the environmental impact. Don't get me wrong, reducing energy costs is great and everyone agrees with that, but the resulting changes in monetary policy are probably even more impactful. But of course this is not sensationa…

False dichotomy.

What nobody pays attention to is that the entire thing is a cartel and only incentivizes restricting freedom over time and automating turmoil.

It’s a complete disgrace to what cyberspace represents. It’s an opportunistic, exploitative, incompatible, deprecated, deficient paradigm stuck in a physically-constrained view of the future perpetually hindering progress due to preventing the mind in being able to contemplate non-physical things as infinite.

Pathetic, sad, crappy, leaky.

All driven by greed and ignorance.

People are being played to act as pawns for the same “elite controllers” that they complain about; being led to perpetuate playing the same game. The only thing worse than actual scarcity is completely artificial scarcity and erecting simulacra around that notion as if it were real. Way to go building an actual matrix of ignorance and slavery.

Re: Merge soon

#15
Ethereum post-merge looks a hell of a lot like a security. We'll see what regulators do, but it's concerning that the Ethereum Foundation has been so quiet about regulatory hazard.

Also alarming is the question marks as to when you'll be able to withdraw staked Ethereum, given the security risks from attacks intended to cause slashing and the dependence on total stake for what the staking rewards are.

Re: Merge soon

#16

An open source project pulling off one of the biggest upgrades in the history of software development thanks to efforts of a distributed group of people should be celebrated here. Else, what is the point in calling ourselves "Hacker" News?

What makes this one of the biggest upgrades in the history of software?

How many Ethereum nodes are there compared to, say, iOS or Android or Windows deployments? What’s their hardware diversity? What’s the complexity of Ethereum compared to the aforementioned operating systems?

Re: Merge soon

#17

An open source project pulling off one of the biggest upgrades in the history of software development thanks to efforts of a distributed group of people should be celebrated here. Else, what is the point in calling ourselves "Hacker" News?

Exactly. This is a triumph and the entire open source community should be celebrating

Re: Merge soon

#18

Ethereum post-merge looks a hell of a lot like a security. We'll see what regulators do, but it's concerning that the Ethereum Foundation has been so quiet about regulatory hazard. Also alarming is the question marks as to when you'll be able to withdraw staked Ethereum, given the security risks from attacks intended to cause slashing and the dependence on total stake for what the staking rewards are.

Do you have more specifics in what you are referring to?

Re: Merge soon

#19

The biggest gap between people involved with the Ethereum ecosystem vs. mainstream media seems to be that the former are focused on the economic impact of The Merge, while the latter is focused on the environmental impact. Don't get me wrong, reducing energy costs is great and everyone agrees with that, but the resulting changes in monetary policy are probably even more impactful. But of course this is not sensationa…

False dichotomy. What nobody pays attention to is that the entire thing is a cartel and only incentivizes restricting freedom over time and automating turmoil. It’s a complete disgrace to what cyberspace represents. It’s an opportunistic, exploitative, incompatible, deprecated, deficient paradigm stuck in a physically-constrained view of the future perpetually hindering progress due to preventing the mind in being ab…

bitter about something?

Re: Merge soon

#20
post #2

This deserves to be the top spot on HN right now. Years of countless replies and mockery here across N accounts telling me this day would _never_ happen. Yet here we are, we're finally about to break away from the shackles of PoW and the crypto skeptics are silent. EDIT: I'm rate limited/soft banned so I can't reply to most of you/anyone until tomorrow. While I can still edit: -Cash is the ultimate scammer currency,…

there’s been much discussion here about how PoS does little to provide a decentralized monetary system since it appears to be built with the idea those with the most money should determine what the “truth” is
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