Ethereum founder talks disguising purchases to make them look like a legit ICO
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Re: Ethereum founder talks disguising purchases to make them look like a legit ICO
#2> If true, this means that much of Ethereum’s promise to decentralize the web is in fact a lie: it may instead be controlled by a group of elites whose existence has been purposefully concealed.
> This also means that if Eth switches to proof of stake, the larger hodlers will have the power to determine consensus.
Absolutely correct and this is where the web3 hype origins were from. They are using web3 to pump their bags to get late comers buying into the Ethereum dream of 'decentralisation'. First it was the ICOs, then ERC-20 tokens, NFTs, The DAO scandal and now you have web3.
Sounds like 'decentralies' from the start. This article [0] summarises the entire problems in 'web3' and the mismatch of its proposed goals.
[0] https://blog.mollywhite.net/blockchains-are-not-what-they-sa...
Re: Ethereum founder talks disguising purchases to make them look like a legit ICO
#3> If true, this means that much of Ethereum’s promise to decentralize the web is in fact a lie: it may instead be controlled by a group of elites whose existence has been purposefully concealed. > This also means that if Eth switches to proof of stake, the larger hodlers will have the power to determine consensus. Absolutely correct and this is where the web3 hype origins were from. They are using web3 to pump their…
Taking problem with this ignores the other 6500 coins that ETH has helped turn from worthless into ETH-comparable money.
Re: Ethereum founder talks disguising purchases to make them look like a legit ICO
#4Wait, so did they do a statistical test somewhere comparing it to the formula they wrote, or is that just by eyeballing it?
Re: Ethereum founder talks disguising purchases to make them look like a legit ICO
#5Worth noting, as it's unclear: Neither Preston Byrne (who wrote the tweet in the submission) nor Stefan W. Huber (quoted in the submission tweet) is part of the "founders" of Ethereum. However, the presentation quoted by the quoted submission tweet was made by Joseph Lubin who is one of the founders of Ethereum.
Re: Ethereum founder talks disguising purchases to make them look like a legit ICO
#6> If true, this means that much of Ethereum’s promise to decentralize the web is in fact a lie: it may instead be controlled by a group of elites whose existence has been purposefully concealed. > This also means that if Eth switches to proof of stake, the larger hodlers will have the power to determine consensus. Absolutely correct and this is where the web3 hype origins were from. They are using web3 to pump their…
> First it was the ICOs, then ERC-20 tokens, NFTs, The DAO scandal and now you have web3.
You have it backwards. Web3 is what Ethereum called it's client APIs since as far as I can remember.
Re: Ethereum founder talks disguising purchases to make them look like a legit ICO
#7> If true, this means that much of Ethereum’s promise to decentralize the web is in fact a lie: it may instead be controlled by a group of elites whose existence has been purposefully concealed. > This also means that if Eth switches to proof of stake, the larger hodlers will have the power to determine consensus. Absolutely correct and this is where the web3 hype origins were from. They are using web3 to pump their…
Taking problem with this ignores the other 6500 coins that ETH has helped turn from worthless into ETH-comparable money.
>helped turn from worthless into ETH-comparable money
So still worthless.
Re: Ethereum founder talks disguising purchases to make them look like a legit ICO
#8Earlier quoted context omitted.
Taking problem with this ignores the other 6500 coins that ETH has helped turn from worthless into ETH-comparable money.
>helped turn from worthless into ETH-comparable money So still worthless.
How do you explain all the money floating around in an industry supposedly worth $0?
Re: Ethereum founder talks disguising purchases to make them look like a legit ICO
#9Re: Ethereum founder talks disguising purchases to make them look like a legit ICO
#10Previous thread: https://news.ycombinator.com/item?id=29868324