71–80 of 321 posts
> As a Bitcoiner I find these actions intolerable and unacceptable. I know none of them would ever be accepted in Bitcoin. This sums up the whole piece in my view. Bitcoin development stagnated years ago exactly because nobody involved wanted to change/hard fork it to implement improvements. For people who want a Bitcoin-like Ethereum with no DAO fork or staking there's Ethereum Classic.
I wouldn’t consider that stagnate.
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(b) is why Bitcoin core development has stagnated[*]. And that's fine if people just want it to be like gold, however Ethereum doesn't aspire to not evolve. (c) I actually disagree with. Decentralized governance is a very interesting subject, and some cryptos like Tezos are governed quite decentralized in many ways. Right now I'm really confident in how Ethereum is governed, with the "old-fashioned" open-source devel…
> some cryptos like Tezos are governed quite decentralized in many ways. Whenever crypto enthusiasts tell me about DeFi governance, I get excited about the possibilities. Then, I actually take a look at some of the group decisions, and literally all of them are crypto/coin-related, and don’t deal with any /real/ or human problems…
Ethereum is and has always been the toy of Vitalik Buterin and his cronies. They control roughly 64% of all ETH. Everyone else is just share cropping suckers.
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The Community calls didn't reach agreement with miners, and the fact that they kept protesting it is why the Ethereum Foundation decided to move the ETH 2 timeline forward. https://cryptobriefing.com/ethereum-miners-protesting-eip-15... >As a very large miner, I was always for 1559 because I understand the underlying mechanics. I don't know what mechanics you think others didn't understand. Your profitability has dro…
LOL! Pretty sure those community calls did not include ALL miners. With regards to the rest, it is all political theater. The mechanics I'm referring to are in the 50+ page document that I read, that I'm sure most people (miners) are not even aware of: https://hackmd.io/@timbeiko/1559-updates/https%3A%2F%2Fhackm... As for profitability changes, that's almost impossible to measure right now. There is too many variable…
They included the biggest miners and overall > 50% of the mining power as far as I could tell.
>The mechanics I'm referring to are in the 50+ page document that I read,
I wish you'd specify what mechanic in particular you think others misunderstood and you didn't, as I included the main ones from their arguments.
"Something here seems awfully similar to the system that crypto-currency was meant to fix. It was meant to eliminate rulers. It was meant to make everyone accountable for their actions. It was meant to reward the intelligent, the hard working and the capable, and not reward the incompetent, or the makers-yet-breakers of promises. However, this repeat of the broken old system seems to be playing out again." One respon…
(b) is why Bitcoin core development has stagnated[*]. And that's fine if people just want it to be like gold, however Ethereum doesn't aspire to not evolve. (c) I actually disagree with. Decentralized governance is a very interesting subject, and some cryptos like Tezos are governed quite decentralized in many ways. Right now I'm really confident in how Ethereum is governed, with the "old-fashioned" open-source devel…
How stagnated is Bitcoin development? Yeah it is not progressing super fast, but I think it is still progressing. Taproot has been accepted by miners and will be activated this year. Improvements are being done.
As Bitcoin is the biggest crypto by market gap, I think risk-aversiveness is a good thing. While I was initially a big blocker, now I think that going without a hard fork was probably quite a good idea. Bitcoin still works nicely and I still use it a lot, now I just use LN transactions in addition to onchain txes.
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LOL! Pretty sure those community calls did not include ALL miners. With regards to the rest, it is all political theater. The mechanics I'm referring to are in the 50+ page document that I read, that I'm sure most people (miners) are not even aware of: https://hackmd.io/@timbeiko/1559-updates/https%3A%2F%2Fhackm... As for profitability changes, that's almost impossible to measure right now. There is too many variable…
>LOL! Pretty sure those community calls did not include ALL miners. They included the biggest miners and overall > 50% of the mining power as far as I could tell. >The mechanics I'm referring to are in the 50+ page document that I read, I wish you'd specify what mechanic in particular you think others misunderstood and you didn't, as I included the main ones from their arguments.
Point #1 is a big one. A huge number of people thought that fees would go down.
That this gets upvoted to #2 speaks poorly of HN. Why on earth are we still talking about the DAO? This is a collection of tired, irrelevant arguments that entirely ignores product-market fit and a large, vibrant community of developers. [edit] ah, of course. a bitcoin maximalist. how dare there be an alternative use-case for crypto that involves people using it. the thing bitcoin has going for it is a large communit…
Uhmm.. what product market fit? And why is proof of steak good?
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> some cryptos like Tezos are governed quite decentralized in many ways. Whenever crypto enthusiasts tell me about DeFi governance, I get excited about the possibilities. Then, I actually take a look at some of the group decisions, and literally all of them are crypto/coin-related, and don’t deal with any /real/ or human problems…
Well you have uniswap's vote on the educational fund. Which IIRC was about allocating money to lobby for crypto. https://app.uniswap.org/#/vote/1/1
Fair point to the author for finding the dynamic nature of Ethereum's progression not to their liking, but it's a real reach to portray it as some kind of class conflict parable.