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Ethereum Has Issues

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Re: Ethereum Has Issues

#371

Post by pavel_lishin »

trompetenaccoun wrote: post #140
dmitriid wrote: post #134

Earlier quoted context omitted.

> I keep seeing this "eternal six months away" FUD, but no one wants to admit that it has literally just been postponed again https://twitter.com/TimBeiko/status/1514010098145759232

Postponed would mean the date was officially announced by one of the devs? I've not had time to pay attention much over the past months, but to me that June date was always a silly rumor. Correct me if I'm wrong. End of year is what I heard, but even that isn't set in stone of course and I wouldn't be surprised if it doesn't happen till then.

So it's even worse than the things people called FUD?

Re: Ethereum Has Issues

#372

Post by pavel_lishin »

miracle2k wrote: post #282
pavel_lishin wrote: post #75

Earlier quoted context omitted.

> once proof of stake finality arrives Which it hasn't, despite being six months away for years now. You cannot handwave away problems by promising you'll fix them with X in Y months, when you consistently fail to deliver X.

> You cannot handwave away problems by promising you'll fix them with X in Y months, when you consistently fail to deliver X. You are free to reject such appeals to your patience and choose to use other products and services. Yet, people are also free to ignore your opinion that "blockchain is bad because of X" when they believe they are able to solve X.

I'm not free to ignore their externalities, though, am I? If my next door neighbor burns motor oil to stay warm in his backyard while promising that he'll switch to something better in six months, "just choose to not live next to him" is not a plausible argument!

Re: Ethereum Has Issues

#373

Post by cryptopunk1 »

Geee wrote: post #244
jqpabc123 wrote: post #30

Without regulation, the marketplace --- any marketplace --- becomes a platform for scams and extortion. Show me a marketplace without regulation and I will show you a marketplace best avoided if possible.

That's not true at all. In theory, a perfect market will self-regulate. No one buys or sells from scammers and they are naturally outcompeted from the marketplace. However, in real world, markets aren't perfect and that's why regulation is needed, but it's up to debate. It can be argued that the market would always find a way to weed out scammers even without regulation. Over-regulation is also sub-optimal.

No post body was provided.

Re: Ethereum Has Issues

#374

Post by miracle2k »

pavel_lishin wrote: post #372
miracle2k wrote: post #282

Earlier quoted context omitted.

> You cannot handwave away problems by promising you'll fix them with X in Y months, when you consistently fail to deliver X. You are free to reject such appeals to your patience and choose to use other products and services. Yet, people are also free to ignore your opinion that "blockchain is bad because of X" when they believe they are able to solve X.

I'm not free to ignore their externalities, though, am I? If my next door neighbor burns motor oil to stay warm in his backyard while promising that he'll switch to something better in six months, "just choose to not live next to him" is not a plausible argument!

The difference, in my mind, is that you are suffering under your neighbour's actions directly and the person on the other side of the argument can do something about it.

Arguments about when/if Ethereum will switch to PoS are different, because neither you are I can do anything about it either way; it comes an argument merely about predicting the future.

If you are talking with your elected presentative who wants to vote against a PoW ban who is holding out for a switch, then that is a different story.

Re: Ethereum Has Issues

#375

Post by Lazare »

Ruphin wrote: post #276
Lazare wrote: post #259

Earlier quoted context omitted.

That makes no sense. > try going to a bank and taking out a loan because you're broke and unemployed), but because I had digital assets to pawn "Broke" means you have no assets, thus you have nothing to pawn, therefore the loan would be unsecured. You COULD NOT have obtained such a loan via defi, and while you could have obtained one in the traditional finance system (which is strictly an advantage over defi...), it…

Obviously I was not "broke" in the sense that I had no possessions of any value. With that definition nobody is ever broke unless they are naked with nothing left to sell other than their labor. I had plenty of things of value, like a trading card collection, a personal computer, a phone. But no bank would ever accept any of these things as a collateral for a loan. I could have sold things I owned, but I didn't want…

I think what you're missing here is that there's nothing about the fact this was crypto that matters. DeFi, at best, is getting you back up to the point the traditional finance system has been at for decades.

If you'd had a couple hundred $k of index funds in a brokerage account, you could have quickly and easily borrowed a significant amount of money secured by the shares at a very low interest rate. And yes, significantly cheaper than a mortgage. I think Interactive Brokers is charging well under 2% for a margin loan these days? (And under 1% if you have enough assets...)

> some people do in fact get some utility from these things

But strictly less utility than if you'd just bought non-crypto assets. Right?

Re: Ethereum Has Issues

#376

Post by lupire »

trompetenaccoun wrote: post #140
dmitriid wrote: post #134

Earlier quoted context omitted.

> I keep seeing this "eternal six months away" FUD, but no one wants to admit that it has literally just been postponed again https://twitter.com/TimBeiko/status/1514010098145759232

Postponed would mean the date was officially announced by one of the devs? I've not had time to pay attention much over the past months, but to me that June date was always a silly rumor. Correct me if I'm wrong. End of year is what I heard, but even that isn't set in stone of course and I wouldn't be surprised if it doesn't happen till then.

They planned an April vote for a go/no-go vote for July.

The decision was no-go, and pushed back to an estimated "autumn", so, literally "6months away", as usual.

Re: Ethereum Has Issues

#377

Post by lupire »

nicbou wrote: post #300
dmitriid wrote: post #188

Earlier quoted context omitted.

> Postponed would mean the date was officially announced by one of the devs? In true "decentralised fashion" the devs spread their info thin over multiple veues so it's hard to hunt down their statements. But we could take to ethereum.org which previously stated [1] --- start quote --- When's it shipping? ~Q2 2022 This upgrade represents the official switch to proof-of-stake consensus. This eliminates the need for en…

I don't remember having to follow twitter accounts to understand how a five euro note works.

Where would you go to learn how a 5 euro note works, if everyone around you didn't already know?

Most people just learn from their environment.

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