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Merge soon

ultrasound.money

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Re: Merge soon

#31

Post by sterlind »

pavlov wrote: post #16
RestlessMind wrote: post #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?

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?

proof of stake is extraordinarily complicated to get right. that's why it took so long. not only is the code changing, but so is the entire incentive structure of a huge virtual economy, running the code in a sprawling, Byzantine, decentralized system, while trying to keep a miner's revolt from sabotaging the whole deal.

Re: Merge soon

#32

Post by aidenn0 »

fermentation wrote: post #20
zionic wrote: 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

PoW is those with the most wealth can determine what the truth is.

Re: Merge soon

#33

Post by bigiain »

wedn3sday wrote: post #21
seibelj wrote: post #7

Earlier quoted context omitted.

Some people don’t trust the government, other people do. I like a liquid, fungible asset not controlled by the government. Statists don’t. It’s a philosophical debate more than a technical one at this point.

Personally, I like a currency I can walk into a shop and buy a sandwich with.

That makes you a "statist", apparently.

Re: Merge soon

#34

Post by thrdbndndn »

sdfhbdf wrote: post #25

If somebody is as ignorant as me as to what is this about, it’s about ETH cryptocurrency changing to Proof of Stake, take it from what seems to be the original source: https://ethereum.org/en/upgrades/merge/

I have a vague idea of ETH merge, but not sure what this ultrasound money site is about. From Q&A:

> Ultra sound money is an Ethereum meme focusing on the likely decrease of the ETH supply.

> If capped-supply gold is sound, decreasing-supply ether is ultra sound.

I have no idea what this last sentence means.

Re: Merge soon

#35

Post by RestlessMind »

pavlov wrote: post #16
RestlessMind wrote: post #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?

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?

iOS / Windows etc are not open source and are delivered by centralized entities (Apple, Microsoft). Android is open source but is also delivered by a single company (Google). Maybe my phrasing didn't reflect it but I meant one of the biggest upgrades for an open source project done by a distributed group of developers.

Re: Merge soon

#36

Post by lacker »

I have been skeptical for a long time that the transition to proof of stake would actually happen. It just seemed like the project was delayed and delayed, and there are so many fundamental development problems with this sort of decentralized migration. Nothing quite like this has ever worked before.

But here we are and there is no obvious problem in sight. I'll keep my fingers crossed, and if it goes off without a hitch, I'll have to admit I was too pessimistic and revise my opinion of the Ethereum ecosystem upwards.

Re: Merge soon

#37

Post by moralestapia »

pavlov wrote: post #16
RestlessMind wrote: post #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?

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?

Your average software update does not put 200B at risk.

Re: Merge soon

#38

Post by dist1ll »

pavlov wrote: post #16
RestlessMind wrote: post #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?

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?

Several reasons come to mind:

- Operating systems, browsers, etc are not distributed systems. Their deployment procedure has no availability or liveness requirement. And they can be done asynchronously, at the discretion of the user. If you think about it, deployment for this type of software boils down to uploading build artifacts into a public folder.

- Most other massively deployed software is developed by a single organization that completely owns the pipe. Ethereum has multiple client teams that need to coordinate and rigorously test their specs.

- Any failure has potential to severely damage the reputation of Ethereum, and in turn a multi-billion dollar market.

Re: Merge soon

#39

Post by cflynnus »

RestlessMind wrote: post #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?

"upgrade" is a misnomer. It's a "fork" There will be 2 competing versions of Ethereum after this. Actually there will be 3 because there's already ethereum classic from the last time Ethereum hard forked.

Re: Merge soon

#40

Post by mudrockbestgirl »

thrdbndndn wrote: post #34
sdfhbdf wrote: post #25

If somebody is as ignorant as me as to what is this about, it’s about ETH cryptocurrency changing to Proof of Stake, take it from what seems to be the original source: https://ethereum.org/en/upgrades/merge/

I have a vague idea of ETH merge, but not sure what this ultrasound money site is about. From Q&A: > Ultra sound money is an Ethereum meme focusing on the likely decrease of the ETH supply. > If capped-supply gold is sound, decreasing-supply ether is ultra sound. I have no idea what this last sentence means.

It's a meme. It literally says that in your quote...

Capped supply assets are good because that combats inflation, so decreasing supply must be even better (=ultra), right? That's the meme.

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