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Merge soon

ultrasound.money

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Re: Merge soon

#41

Post by extragood »

robin_reala wrote: post #4
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,…

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

It should be rebranded as crypto speculative investment given how infrequently it's actually used as currency.

Re: Merge soon

#42

Post by cflynnus »

zionic wrote: post #17
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?

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

Disagree. This is a centralized project forcing a set of breaking consensus rule changes on users. Literally "upgrade your software or your money is gone"

Bitcoin has hard guarantees of user rights. Ethereum is a centralized project masquerading as decentralized.

Re: Merge soon

#43

Post by catach »

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.

"Sound" as in "stable" might be a bit that helps.

Re: Merge soon

#44

Post by technion »

This site does a good job of laying out an awful lot of information. Looks like NextJS - can I ask what was used for the UI and charts?

Re: Merge soon

#45

Post by sdfhbdf »

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.

Maybe there is more to it but isn’t that just a wordplay wherein sound means both what music creates and a word signifying something making sense? Or so you mean something related to the supply?

Re: Merge soon

#46

Post by moralestapia »

dmak wrote: post #18
paul_funyun wrote: post #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.

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

Ethereum PoW could be seen (if you squint hard enough) as some sort of activity that produces a good (through mining) and its respective marketplace.

Ehereum PoS is just a financial asset with a weird governing structure (like a currency future? idk). It's basically standard stock.

Re: Merge soon

#47

Post by mantas »

seibelj wrote: post #7
k__ wrote: post #3

Earlier quoted context omitted.

lol They will never be silent. The goalposts will move endlessly.

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.

So the world is made of statists and tax evaders.

Re: Merge soon

#48

Post by mudrockbestgirl »

cflynnus wrote: post #42
zionic wrote: post #17

Earlier quoted context omitted.

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

Disagree. This is a centralized project forcing a set of breaking consensus rule changes on users. Literally "upgrade your software or your money is gone" Bitcoin has hard guarantees of user rights. Ethereum is a centralized project masquerading as decentralized.

Uh, that's just wrong. If you don't upgrade your software your money is not gone.

Re: Merge soon

#49

Post by michaelsbradley »

cflynnus wrote: post #39
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.

Yes, but two of the networks will remain/be wee; the other (Ethereum mainnet)... not so much.

Re: Merge soon

#50

Post by cflynnus »

"ultrasound" money is not money where the issuance and protocol rules can/do change at the direction of a core group of developers like they do in Ethereum
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