3 posts about this nonsense on the front page. Can we please stop destroying the planet with this global pyramid scheme? Seriously why isn't there a UN summit to tackle the Crypto problem?
Well at least now they don’t use as much power.
Vitalik: Ethereum Merge Just Finalized
11–20 of 28 posts
Re: Vitalik: Ethereum Merge Just Finalized
#123 posts about this nonsense on the front page. Can we please stop destroying the planet with this global pyramid scheme? Seriously why isn't there a UN summit to tackle the Crypto problem?
Not a big fan of crypto, but at least the ethereum chain is building a very interesting stack of technologies (smart contract, token, etc).
If any major crypto project has the chance of one day becoming useful at anything, my bet would be on this one.
Re: Vitalik: Ethereum Merge Just Finalized
#13My only crypto-mining success is that I mined an ether back in the day when it was worth $10. I have it stashed away for a rainy day, but I have no idea if it's going to be worth anything in the future. Can anyone give a TLDR of what this merge means?
They changed the underlying algorithm for determining who to trust to validate transactions in the system. This new algorithm requires 1% of the computer power of the previous one, and supposedly work just as fine.
Re: Vitalik: Ethereum Merge Just Finalized
#14Twitter really needs to sort out what it means to be "verified", when you're presented with this: https://imgur.com/a/HjOF0gS It's so barely different to an actual twitter thread where the same person is saying all three parts.
Why would they?
It would decrease engagement. A significant portion of Twitter is bots and fake profiles/scams and Twitter isn't best known for caring about users or being honest.
More engagement (even if from fake profiles) = more ads to show = more money.
This would decrease trust in the platform in the long run for sure but they probably think they're too big to fail without a good competition anyway.
Re: Vitalik: Ethereum Merge Just Finalized
#153 posts about this nonsense on the front page. Can we please stop destroying the planet with this global pyramid scheme? Seriously why isn't there a UN summit to tackle the Crypto problem?
Not a big fan of crypto, but at least the ethereum chain is building a very interesting stack of technologies (smart contract, token, etc). If any major crypto project has the chance of one day becoming useful at anything, my bet would be on this one.
Bitcoin has almost the same capabilities for smart contracts, except loops! Tokens can be implemented as well, see https://en.bitcoin.it/wiki/Colored_Coins
I am with Hal Finney here: Any successful replacement of the Bitcoin block chain will forever undermine the credibility of any successor. How is an investor to know that it won't happen again?
Rebooting now may benefit a few thousand early adopters. What happens when hundreds of millions use Bitcoin 2? They'll be just as jealous and envious of you as you are of others. Given the precedent you want to set, how will you argue against yet another reboot?
There is no point in ETH except making money.
Re: Vitalik: Ethereum Merge Just Finalized
#163 posts about this nonsense on the front page. Can we please stop destroying the planet with this global pyramid scheme? Seriously why isn't there a UN summit to tackle the Crypto problem?
Well at least now they don’t use as much power.
Based on parent comment, guess that wasn’t really the issue for the authoritarians.
Re: Vitalik: Ethereum Merge Just Finalized
#173 posts about this nonsense on the front page. Can we please stop destroying the planet with this global pyramid scheme? Seriously why isn't there a UN summit to tackle the Crypto problem?
"Eschew flamebait. Avoid generic tangents."
Re: Vitalik: Ethereum Merge Just Finalized
#18Can someone explain why the move to PoS isn't going to reduce transaction time, increase network capacity, and reduce gas prices? Is this because of arbitrary parameters in place in order to keep that true?
From a technical perspective, I don't know how a consensus mechanism moving from a system for which slowness/hardness is the mechanism...to instead moving to a system for which slowness need not even be a factor, could possibly not result in faster transaction speeds.
Re: Vitalik: Ethereum Merge Just Finalized
#19Can someone explain why the move to PoS isn't going to reduce transaction time, increase network capacity, and reduce gas prices? Is this because of arbitrary parameters in place in order to keep that true? From a technical perspective, I don't know how a consensus mechanism moving from a system for which slowness/hardness is the mechanism...to instead moving to a system for which slowness need not even be a factor,…
There's a tradeoff between decentralization and throughput. In the extreme, only people owning entire datacenters could operate a full 'node' that would be processing 1 000 000 TPS.
Slowness is not the mechanism, ETH had ~13 second block times before the merge. Bitcoin is slow because the difficulty is targeting longer block times, not because of inherent need for slowness. Difficulty is only required so that adverserial agents (with less than 51% of hashpower) can't rewrite the chain and change transactions.
Re: Vitalik: Ethereum Merge Just Finalized
#20Twitter really needs to sort out what it means to be "verified", when you're presented with this: https://imgur.com/a/HjOF0gS It's so barely different to an actual twitter thread where the same person is saying all three parts.
I have long suspected that Twitter (or people at Twitter) are colluding with the crypto scammers for a payout.