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Merge soon

ultrasound.money

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Re: Merge soon

#51

Post by throw827474737 »

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?

Hello hello crypto fans, someone overestimating the significance and importance of some open source project here? lol

Also PoS fans watch out and lets talk again in the future, I believe you are loosing some of your desired properties and may be surprised long-term..

Re: Merge soon

#52

Post by [deleted] »

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?

[deleted]

Re: Merge soon

#53

Post by jhugo »

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?

Staking ETH pays interest, so buying ETH is buying an interest-bearing asset (i.e. a security). Some of the biggest players in staking will be exchanges who will likely give some (most) of the interest they earn to their depositors.

Those exchanges are then a ripe target for existing securities regulation, and they'll also be the biggest validators on the network, so risk for them is risk for the whole network.

Re: Merge soon

#54

Post by [deleted] »

cflynnus wrote: post #50

"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

[deleted]

Re: Merge soon

#55

Post by shafyy »

smoldesu wrote: post #13
mudrockbestgirl wrote: post #6

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.

> Everyone has a mutual interest in not destroying the world we live on

I don't know in which world you live in, but from where I'm sitting, it sure as hell doesn't look like this.

Re: Merge soon

#56

Post by [deleted] »

moralestapia wrote: post #46
dmak wrote: post #18

Earlier quoted context omitted.

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.

[deleted]

Re: Merge soon

#57

Post by jeroenhd »

This is good. It took way too long to get here, but it's good that Ethereum is finally fixing its "waste energy to create coupons" system. I still don't really see the point of most ethereum applications but at least it's trying to burn the planet much slower now.

All eyes should now be on Bitcoin to also switch to a non-planet-burning proofing system. Ethereum proved that it can happen and all other blockchains should be held to a similar standard.

Re: Merge soon

#58

Post by presentation »

colordrops wrote: post #26
joe-collins wrote: post #12

Earlier quoted context omitted.

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.

And what is that cost if not environmental?

Probably crime and wasted human potential

Re: Merge soon

#59

Post by vanviegen »

moralestapia wrote: post #46
dmak wrote: post #18

Earlier quoted context omitted.

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.

Something is called a 'good' if it has some inherent with to some people. PoW does not. Exhaust gas isn't a good either.

PoW and PoS are both financially assets with a weird governing structure, I'd say.

Re: Merge soon

#60

Post by cflynnus »

mudrockbestgirl wrote: post #48
cflynnus wrote: post #42

Earlier quoted context omitted.

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.

If you don't upgrade your client software you wont be able to transact w/ the new/forked ethereum network. Ok so maybe "upgrade your software or your funds remain locked" is more accurate. Still not good.
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