Merge soon

#1

Post by yonilevy » Thu, Sep 15, 2022, 4:44 AM UTC

Merge soon
ultrasound.money

Re: Merge soon

#2

Post by zionic » Thu, Sep 15, 2022, 5:14 AM UTC

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, it would take a ages for crypto to match or replace cash as the best "scam" currency"

-Privacy =/= laundering. Privately transacting is not implicitly a crime.

-Crypto has value as trustless value transfer outside the nation-state system, especially in these uncertain times

-Smart contracts are criminally undervalued. Programmable money is the future.

Re: Merge soon

#3

Post by k__ » Thu, Sep 15, 2022, 5:15 AM UTC

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,…

lol

They will never be silent.

The goalposts will move endlessly.

Re: Merge soon

#4

Post by robin_reala » Thu, Sep 15, 2022, 5:21 AM UTC

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.

Re: Merge soon

#5

Post by jitl » Thu, Sep 15, 2022, 5:22 AM UTC

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,…

My stance has been “I’ll believe it when I see it” after years of the merge being “months” away. I’m a skeptic but happy to see a major cryptocurrency switching off the planet burner.

Re: Merge soon

#6

Post by mudrockbestgirl » Thu, Sep 15, 2022, 5:22 AM UTC

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 sensationalist or simple enough for the media to focus on.

The charts on this website are great, but people outside of the ecosystem likely won't understand them, which is a real problem if Ethereum wants adoption.

Re: Merge soon

#7

Post by seibelj » Thu, Sep 15, 2022, 5:23 AM UTC

k__ wrote: post #3

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,…

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.

Re: Merge soon

#8

Post by zionic » Thu, Sep 15, 2022, 5:23 AM UTC

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.

Perhaps that nuance is achievable, but I have seen none of that here.

That said, I fundamentally disagree that crypto is "overall negative", and with the move to PoS the largest negative aspect of crytpo (the environmental cost of PoW) goes away.

Re: Merge soon

#9

Post by pbreit » Thu, Sep 15, 2022, 5:26 AM UTC

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,…

Can someone summarize what is happening?

Re: Merge soon

#10

Post by zionic » Thu, Sep 15, 2022, 5:27 AM UTC

jitl wrote: post #5

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,…

My stance has been “I’ll believe it when I see it” after years of the merge being “months” away. I’m a skeptic but happy to see a major cryptocurrency switching off the planet burner.

>after years of the merge being “months” away

It's only been months aways for a few months though. I have endured years of gaslighting comments like this _specifically_ from this asymmetrically moderated community, despite knowing for example in 2017 that PoS was years away. The "maybe this year" started in Jan 2020. COVID happened. They didn't start saying "within a year" again until end of 2021.

Meanwhile the _beacon_ chain launched in 2020, which is what's taking over for the PoW chain in ... 1 hour.

Maybe you're acting in good faith and you misheard that the beacon chain was launching 2 years ago and thought that was this. But how likely is that really?