So, you want to attack the ETH PoS Network?

[Anonymous No.51324069]

Here's how much of the *staked* supply you (*or your group/institution/government*) will need:

>33% ($6.18B): delay finality

>34% ($7.13B): cause double finality

>51% ($10.69B): censorship, control over blockchain future

>66% ($13.84B): censorship, control over blockchain future and past

Luckily, no entity, government, or group of people could amass $13.84B... r.. r right??

The future of finance, everyone.

[Anonymous No.51324117]

this has got to be a fucking larp right

[Anonymous No.51324147]

>>51324117
nope. ~400,000 validators at 32 eth each. Current price of eth is $1,630. eth heads seethe below

[Anonymous No.51324188]

>>51324069
Good luck prying my ETH from my cold, dead hands to make that happen faggot

[Anonymous No.51324194]

>>51324147
shut up faggot. seethe harder you mining gook cunt. eth is the future.

[Anonymous No.51324207]

This is where Bitcoin mogs Proof of Stake.....

No matter how rich you are, you cant just order the mining equipment to take control of Bitcoin, the supply chain just doesn't allow for it, you can't physically do it. And that is why old-money hates Bitcoin, they can't simply just take it over through force, due to limitations on mining equipment.

But now with ETH, old money can come in and just take it over because there's no actual real world shit required thats limited in nature that money can simply magically produce instantly.

The trillionaire Saudi's can for example just buy majority share of ETH next week, but they'd NEVER be able to buy enough mining equipment to take over Bitcoin.


Now if you think like old money does, old money wants to own AND control what they put their money into, with bitcoin they an only OWN, but they cannot CONTROL. With ETH after the merge, you can now OWN and CONTROL.


That said, who knows? if you told me ETH was going to go 0.10 againts BTC on ETH/BTC pair, id go through the trade and swap my BTC for ETH until 0.10 and then trade it back to BTC....

[Anonymous No.51324219]

>>51324069
no one cares about your premine scam
remember to sarge and downvote any meth tranny pedo thread

[Anonymous No.51324234]

>>51324207
this. eth is nothing more than outdated tech used as a swing trading instrument for those who seek bigger swing returns than btc. nobody will be taking on the risk of using this chain when any government could, at any time, take complete control of the network.

[Anonymous No.51324249]

>>51324207
you are going to make it

[Anonymous No.51324288]

>>51324069
33% of ETH marketcap is 66 billions. Didn't read the rest of your retarded take.

[Anonymous No.51324298]

this is just a flat out fucking lie it's not 13b to control the eth network somebody prove this little faggot wrong

[Anonymous No.51324302]

>>51324069
Not only this, but Ethereum becomes significantly easier to capture when the price craters during liquidity events, even if temporary. ETH was sub $100 in 2020, meaning you could have captured the network with 10x less than the numbers you posted. $700M to control the network forever.

Can't wait for the merge. Ethereum will finally kill itself and Bitcoin will reign supreme.

[Anonymous No.51324313]

>>51324288
Please read again, with emphasis on the part i mentioned *staked* supply, sir

[Anonymous No.51324340]

>>51324288
Suck Lubin's dick faggot

[Anonymous No.51324345]

>>51324288
not only that but they'd pump the price to ridiculous levels trying to buy that stake and it would end up costing a lot more

[Anonymous No.51324354]

>>51324302
>how do markets work?
>the price was 100, therefore I could buy the entire supply for 100

Im not saying the thesis is wrong, but work on the argument a little, boys

[Anonymous No.51324368]

>>51324069
You would have to be able to buy that 66% outside of the market, i.e. collude with the owners of 66% of ETH. As you acquire ETH, the price of the remaining ETH goes up, making obtaining 66% much more expensive than $13.84B

[Anonymous No.51324458]

>>51324354
It was around $88 dollars on the low so you'd actually need more than 12x less but I'm using 10x to account for slippage and liquidity. You can also assume that an entity trying to accumulate so much ETH would already have large enough of the supply to manipulate the price to get whatever entry price they want, temporary. ETH was sub $10 at one point and these entities have accumulated then. Some even got their coins for free during the premise.

[Anonymous No.51324492]

I'm really considering just completely dropping out of eth, was waiting for the ethpow fork but I'm not sure if waiting is the better idea

[Anonymous No.51324580]

>>51324368
ok, lets assume it costs $50-100B to acquire 66%.

whats the difference? this is chump change for a government or collusive group

[Anonymous No.51324583]

>>51324069
>and past
I wonder who is behind this

[Anonymous No.51324616]

>>51324458
as soon as you try to buy humongous amounts of ETHs like that the price is going skyrocket like you wouldn't fucking believe
Though that would heavily damage the brand, they can hard-fork you out if you are such an obvious bad actor. Now you've spent gazillion dollars and have control of the dead fork while your wallet is zeroed or locked in the ones people are actually using (this is not a theory btw, it was done with steemit when a chinese weirdo tried to buy it)

[Anonymous No.51324691]

>>51324492
who's paying for this fake drivel? what a retard lol

[Anonymous No.51324756]

>>51324580
If it became obvious that this had happened, Ethereum could simply hard fork away the colluders ETH. Everyone running a validator outside of the colluder group could switch to newETH, fucking over the group that bought oldETH.

[Anonymous No.51324768]

>>51324691
the problems for PoS have been known for many years, validators starting at 32 ETH is proof that vitalik et all are pushing for more centralization, the whole merge doing nothing for gas prices are another proof that they're just virtue signaling to institutional actors
might as well stick to bnb if you're looking at centralization, or traditional finance if you don't need scams

[Anonymous No.51324823]

>>51324756
how many times are they going to do this. how much downtime and forking is acceptable if the world is to run on eth.

[Anonymous No.51324880]

>>51324823
It's less painful for them to do this than it is for an attacker to lose tens of billions of dollars for every forked attack.

[Anonymous No.51324891]

>>51324880
Plus, the mere possibility of doing this is enough to discourage attacks, kind of like MAD.

[Anonymous No.51324980]

>>51324069
>trying to buy 51%
>all the current 400,000 staked validators own their own private keys, so can't be trusted to yoink their supply from you at any moment
>have to stake your own 34% supply of ETH
>at that point your 34% stake gets soft forked out
>have to start all over again, entire stake worth zero now
>try again
>get soft forked out again, entire stake worth zero now
>try again
>get soft forked out again, entire stake worth zero now
lmao

[Anonymous No.51324994]

kek so many retards itt, muh they’ll just buy it bro.

[Anonymous No.51324998]

looks like the censorship has already begun... absolutely heinous, and goes to show the delusion in the eth community at current. Remember this thread. RIP.

[Anonymous No.51325006]

>>51324069
don't care. vitalik would just find a way to slash their rates and literally steal their money from them

[Anonymous No.51325019]

>>51324207
>trillionaire saudis
>can't go to miners and say "hey i'll pay you 10x what your mining equipment costs"
>miners sell for easy profits
>once 51% attacked bitcoin can literally never recover again after, without a hard fork to change the algo
>50 different versions of bitcoin pop up because the bickering fucks can't agree on anything
>now all existing miner's equipment are bricked
>no asics for the new algo
>gets 51% attacked by GPUs again
lol
lmao even
if your argument starts with "well if you had a trillion dollars" you're retarded

[Anonymous No.51325110]

>>51324998
good. based janny pump my bags. enjoy your ban faggot

[Anonymous No.51325186]

>>51325110
Keep living in your shut-in safety net world, doesn't change the facts of my post.

[Anonymous No.51325463]

>>51324069
>completely ignoring the fact that it only takes 5% of supply to ass rape everyone with MEV once the merge is complete. De facto oligopolies will emerge that will effectively be charging all smaller stakers a whale tax for not being on the commie pedo premine team.

Eth is a massively centralized, poorly engineered, and rent-seeking excuse to outlaw bitcoin.

[Anonymous No.51325486]

>>51324188
Don't need to. They can just dilute you. LOL

[Anonymous No.51325493]

bitcoin ties its security to the real world through physics, energy, and hardware. those are its weak points, but luckily we can't just materialize hardware from nothing.

ethereum throws away physical security for a fully digital security model, but it still becomes fully reliant on on/off ramps for eth, the only thing giving it real world value, thus the only thing giving it security. this is an issue because liquidity is highly centralized through a few exit points in crypto, without even going into the distribution of stakers, or how by being secured by on/off ramps lets anyone with the ability to print money just buy their way in with nothing at stake.

[Anonymous No.51325547]

>>51324768
ethereum under proof of work was pointless, if they can stave of censorship the lesser decentralization is minuscule compared to the overall lower level of decentralization ethereum ha compared to bitcoin anyway. proof of work is wasted almost everywhere outside of bitcoin.

[Anonymous No.51325688]

The only ethfags left are the greedy losers and the scammers. Nothing of value will be lost in the dumpening

[Anonymous No.51325703]

Just remember nobody worth a damn will stake ETH to protect the network for some chump change (low APR%) when they can just stake their ETH in some exchange or DAO and make real money.
Retards never understand scaling and forget to factor in the general greed and selfishness of people. Autistic builders always live in some perfect utilitarian world and can't understand why anyone would do such a thing.

The only way is if the neuter their defi sector, aka their only major accomplish outside of meme NFTs.

We haven't gotten to see the true effects of this yet because every other PoS coin is a meme and doesn't have a fleshed out Defi sector w/real liquidity.

[Anonymous No.51325734]

>>51325703
they are staking, just through centralized parties. <6% APY isn't worth the act of running your own hardware node when there's more money to be made mining other chains.
but sending your eth to someone else and getting 6% is worth it for many that don't actually use ethereum.

[Anonymous No.51325743]

>>51325703
this. there is incentive in the form of higher apy to hand your eth over to a centralized organization, instead of staking yourself. there is no decentralization in eth anymore. decentralization IS PoW. PoW IS the future.

[Anonymous No.51325777]

I always knew PoS was a fucked idea, as soon as you see binance get behind an idea you know it's going to be screwed up or have some kind of backdoor. PoW is the only valid system for crypto currently as it requires actual energy usage to create some product in return.

[Anonymous No.51325814]

>>51325777
proof of work is wasted on pseudo-decentralized alts, though. censorship is the only thing that can get worse under proof of stake on ethereum, decentralization ultimately never mattered.

[Anonymous No.51325829]

>>51325734
That sounds as retarded as those dumb chinese bugs that'd try to get me to invest in cloud ETH PoW mining 3 years ago on FB when I just mined it myself. Anyone whose not retarded, AKA people w/real money, will make AND USE a defi protocool offering more than what the ETH network is offering to be security. Maybe, with all that ETH the protocool will stake it but they will lose money, unless they cover from profit elsewhere. All in all it's retarded and lacks scalability in a free-market capitalistic economy, which is what their sole goal was last I checked.
>>51325743
PoW is great because it has a logical and realistic thresholds. Plus, you have to legitimately invest in the network, which therefore increases the security of said network.

[Anonymous No.51325848]

>>51325829
yeah, its retarded because you end up trusting these large entities not to collude, but that's where ethereum has been for years already. stablecoin operators decide the fate of ethereum, ultimately.

[Anonymous No.51325888]

>>51325848
>stablecoin operators decide the fate of ethereum
KEK. That's unironically true. They will neuter the ETH PoW fork.

Just imagine if a few protocols got together to form a DAO and with that legitimately controlled a majority. What do we do? Get rid of all the whales like that one SOL DAO? Good luck if that is "Intuitional and/or Government investors." No honor amongst thieves too.

[Anonymous No.51325904]

>bitcoiners desperately trying to justify their inferior consensus mechanism
crazy how blockchain illiterate the average bizraeli is

[Anonymous No.51325913]

C'mon man! Just trust Vitamin Butane
It's not hard. POS is carbon net negative. Ultra sound money. Deflationary. Think of the children. I got hairy legs
C'mon man

[Anonymous No.51325927]

>>51325904
>y-you're just blockchain illiterate!
no you're blockchain illiterate
(you see how that's not an argument?)

[Anonymous No.51325964]

>>51325904
>inferior
when proof of stake is proof of work plus complications to hide the world out of system it's very hard to argue the simpler system is inferior when everything else depends on it.

any decentralized (non proof of authority) system has a hard dependency on proof of work at it's core.

[Anonymous No.51325965]

>>51324207
the main issue is if you hack you a whales wallet or several whales wallets then you can control the network. PoS is just software. You can't remotely hack a bitcoin miner in the same way you could hack the host of PoS wallets/validators. The attack surface is much greater. Even worse, it's constanlty being updated. More code changes -> more likely for 0days. Next you have to look at the storage costs for a full node. Most are hosted in cloud services. Once again the attack surface has expanded.
Anyone that argues eth is safer then bitcoin just doesn't know what they are talking about. Even eth maxis and VC/wall street shills like raoul pal argue bitcoin is safer.

[Anonymous No.51325971]

>>51325964
>hide the work*

[Anonymous No.51326003]

>>51325927
implying arguing with you retards ever works - you are literally getting stuck on the FAQ, you have bag bias and low iq

[Anonymous No.51326038]

>>51326003
lmao "N-NO LINE GO UP" moonboy cope

[Anonymous No.51326047]

>>51324207
I might actually sell this is good fud

[Anonymous No.51326062]

>>51325904
>>51326003
You are retarded and you know it.
I genuinely believe you should kill yourself.

[Anonymous No.51326111]

>>51324069
Actually, no. It would cost much more than that. You have to consider supply and how much of it is liquid. Roughly 10% is currently staked and what percent is in cold wallets, which is really high. Just how much of the market cap is actually available for purchase? Of whats there you would drive the price up if you tried to buy a large chuck of it, which you would probably have to buy all the available Ethereum on every exchange to even reach 33%.

[Anonymous No.51326115]

>>51326038
line go up is literally the bitcoin manifesto in current year
completely paralyzed vaporware ponzi; nobody uses it, it doesn't even aim to be useful, it aims to post-rationalize and justify its current abysmal state by constantly spinning retarded narratives that only works because the entire demographic is conditioned and blinded by bag bias - literal drones
while you were busy assuring each other and speaking about "le cyber hornets and moving digital blocks of energy", the space passed you - that is why you are now an economically/environmentally unsustainable used by nobody piece of shit, and your community is only the dumbest of the dumb because anyone with >85iq and basic blockchain literacy brain drained out of Bitcoin
protip: go to a bitcoin conference, then go to an eth conference - if that doesn't paint the picture you somehow didn't get yet, you are mentally ill

[Anonymous No.51326131]

>>51326115
no btc maxi speaks like saylor. he lives in your head rent free because he tweets absurd things which people wrongly associate the average btc maxi to. BTC maxis don't buy on leverage, lmao

[Anonymous No.51326165]

>>51324207
What happens is that when someone starts gobbling ETH, everyone gets nervous and refuses to sell theirs in order to prevent a take over, which makes their position more valuable. You end up having to invest an exponential amount as you climb the ladder towards control.
The result is that a network attack on control increases the value of ETH just like a network attack on TPS increases gas and an attack on the old PoW system increased difficulty.

[Anonymous No.51326187]

>>51326115
the bitcoin "manifesto" is the cypherpunk manifesto, ultimately. attempted coups by the line-goes-up late adopters doesn't change the fact that none of them have ever been able to force their opinions onto the network, like segwit 2x. it's why it's lost its shine in the eyes of VCs compared to newer altcoins they can create/nudge in their own way.

[Anonymous No.51326197]

>>51326115
Imagine being this delusionally retarded

[Anonymous No.51326227]

>>51326165
and once you burn through your 50 billion and bring ETH to 15k on your own, the community will just fork your entire stake away, making the entire thing a non-starter
the $ cost to 51% ETH is already much higher than acquiring 51% hashrate (also lets not forget how the hashrate dropped 50% overnight when China cracked down on miners, for those who say the hardware is oh so hard to get), and ETHs security scales as the network grows - potentially we're looking at 100s of billions or even into trillions of $ cost to attack, many orders of magnitude more secure than POW can ever be.

[Anonymous No.51326253]

>>51326187
there are no cypherpunks in Bitcoin, they have long since moved to Ethereum
its so obvious how you have zero exposure to the industry

>>51326197
already told you what to do; go to conferences - see your demographic first hand

[Anonymous No.51326261]

ETH will DIE after PoS

>>51324207
This guy gets it 100%

[Anonymous No.51326272]

Main problem with "centralized" crypto is that people who control it are walking around in plain sight and it's only a matter of time before organized crime realizes they can just kidnap them and force them to hand them over literally billions of dollars.

I'm kinda in awe that most of these public figures of crypto don't walk around with an extreme security detail at all times.

[Anonymous No.51326273]

>>51326253
>he's not joking

[Anonymous No.51326276]

>>51326227
the community "forking" is the only place proof of stake has security, and it's an entirely human-driven phenomenon.
you have to get people to campaign like politicians to push this through,
you have to find out what funds are theirs, so you don't end up stealing innocent people's money,
you have to organize this in a way that doesn't look centralized (despite it being so) and doesn't collapse the whole system from distrust,
and finally, if this magical human driven fork ever goes though, you now have two forks, one where this didn't happen, and one where it did, both able to use their staking funds equally, because unlike proof of work, proof of stake is infinitely copyable.

>>51326253
no cypherpunks moved to ethereum, you're really embarrassing yourself. maybe work out what the word means first.

[Anonymous No.51326314]

>>51326276
and because you seem unaware: plenty of early adopters bought eth, most of the eth supply is in the hands of early bitcoin adopters/maximalists. but the ideals of ethereum are completely different than bitcoin. decentralized-corporate in nature vs bitcoin's decentralized-commune.

late adopters to both, of which you are clearly one, don't share any of the same values early adopters to either have, that much is clear. but that's irrelevant when they have little opinion or influence in the underlying projects themselves. the cypherpunk ideals exist in both, but ultimately the cypherpunks that do exist in ethereum are the same ones that exist in bitcoin. there's no such thing as an altmaxi cypherpunk.

[Anonymous No.51326334]

>>51324980
So the answer is censorship? Seriously, just a bank.

[Anonymous No.51326336]

>>51324069
>Bit but muh democracy!!! Reeeee!!!!

Maybe crypto needs a great compromise

[Anonymous No.51326340]

>>51326273
>he holds bitcoin
XDDDD.webm

>the community "forking" is the only place proof of stake has security, and it's an entirely human-driven phenomenon.
no, its not the "only place", LOL - it is literally just the cherry on top of higher $ cost to attack; that you can actually recover from an attack, unlike a hashrate attack, where any fork recovery gets recaptured by the same attacker
>you have to get people to campaign like politicians to push this through,
what are you talking about lmao, if someone 51% attacks the chain no convincing is needed - the coordination wouldn't even be remotely hard or contentious
>you have to find out what funds are theirs, so you don't end up stealing innocent people's money,
literally trivial
>you have to organize this in a way that doesn't look centralized (despite it being so) and doesn't collapse the whole system from distrust,
it would be no less organized than current upgrades to ETH
>and finally, if this magical human driven fork ever goes though
nothing magical about it
> and one where it did, both able to use their staking funds equally, because unlike proof of work, proof of stake is infinitely copyable.
...but your tokens on the compromised chain would be worthless (no buyers and a lot of people willing to dump), making this a moot point

[Anonymous No.51326349]

>>51326276
>>51326340
forgot your (you)*

[Anonymous No.51326399]

>>51324207
they can control supply of asics. they've decided not to for now instead relying on retail fuckery and higher energy costs. They can also control, with much more difficulty, cpus. XMR sets off where btc dies but the final solution will be removing them, all of them.

[Anonymous No.51326401]

merge is unironically omega bullish for ada and ergo, they don't cater to the lizards and put decentralization and censorship resistance above all. Ergo hash rate already doubled over the past days.

[Anonymous No.51326426]

>>51326115
for the old Bitcoin spirit (2012-2014 era) you need to go to Ergo. Cypherpunks are all there.
Both BTC and ETH are a dead end road.

[Anonymous No.51326444]

>>51326426
I'm perfectly content with the ETH "spirit", thank you shill

[Anonymous No.51326450]

>>51326227
Conveniently forgetting there's already 3 entities controlling over 60% of stake. As they're custodians over other people's money (and probably 0 skin of their own in the game) they have no incentive to actually protect stakers' ETH. They can do wtf they want and if they get slashed who cares, not their money.

[Anonymous No.51326486]

>>51326444
ETH has no spirit, it's just depravity and the tech's so fucking broken and unable to ever scale, it's never gonna stay relevant as the ecosystem provides 0 benefit whatsoever

[Anonymous No.51326547]

>>51324616
Price does not spike if the sale was done at the premine with a fixed price. Just ask JPMorgan.

[Anonymous No.51326559]

>>51326450
>3 pools 60%
no, and the numbers are inflated because staking derivatives retain liquidity until withdrawals are unlocked - its the same reason I stake on a CEX - I will move to home setup when things stabilize, as will many others

>they have no incentive to protect
they have no incentive to collude or attack, and to pretend they have nothing to lose is retarded

[Anonymous No.51326570]

>>51326486
>depravity
>broken tech
retard

[Anonymous No.51326629]

>>51326559
Why'd that be retarded. It's literally a group of anons having control over other people's coins. The old adage in crypto: not your keys not your coins is being conveniently ignored here.

Ethereum staking's so retarded, giving up your property rights over your coins and putting them at the behest of random strangers who you have to /trust/ to act in your interest. You risk losing your funds from slashing, like wtf how retarded's that mechanic. It's all set up to get people to be exit liquidity by locking their eth. Those that don't lock get to exit when shit hits the fan, paid by gullible stakers who don't see how utterly broken and scammy the project has become.
Pretty clear to see the influence of WEF in here, you'll own nothing lmao

[Anonymous No.51326655]

>>51326629
>anons
you think they're anons? lmao, they're massive businesses
>Ethereum staking's so retarded, giving up your property rights over your coins and putting them at the behest of random strangers who you have to /trust/ to act in your interest
you realize this is an active choice and risk, right? you don't have to use a custodial staking service, you can use rocket pool, or run your own validator
>le wef
local pharmacy closed down, or how did we end up in schizo country?

[Anonymous No.51326716]

>>51326655
Massive businesses running validators is even worse lmao. Good game theory incentivizes many individual pools to pop up, not validator cartels, it goes straight against decentralization. The minimum and risk of slashing makes it even more of a deterrent, so a minority gets all the emissions while the plebs burn their money to make tx.
Good staking doesn't lock, slash, or require a minimum. Property rights and self custody over everything.
The merge should be seen as a hostile takeover and the community should be riling against this. The ethtards are blind through greed, thinking they're protecting their bags by going along with their overlords, while in reality ethereum's throwing their entire value proposition and future as a decentralized cryptocurrency out of the window. Imagine holding that garbage in 2022 lmao.

[Anonymous No.51326810]

>>51326716
>they're anon they can do whatever they want!!!
>oooh they're businesses!!!! I guess they can't do whatever they want, but its even worse!!!!!!
goal posts are moving at mach speed
https://blog.lido.fi/lido-withdrawal-key-ceremony/ here's how the biggest pool is set up
gl getting that group of people colluding with coinbase and kraken to 51% the network
desperate fud
>Good game theory incentivizes many individual pools to pop up, not validator cartels
I'm not going to pretend it doesn't matter, but we are so far under the threshold it's not even close to dangerous - much like execution client diversification was the last fud - this will remedy itself as withdrawals unlock and awareness builds, long before it even nears becoming an issue.

> The minimum and risk of slashing makes it even more of a deterrent, so a minority gets all the emissions while the plebs burn their money to make tx
>rich get richer meme
pow is the same only much worse because of economy of scale making participation/profit margins inequitable - its more easier AND fair for a pleb to participate in POS

>The merge should be seen as a hostile takeover and the community should be riling against this.
:^) you HAVE to be blockchain illiterate to think the merge is a bad thing

>le overlords
yeye schizo

[Anonymous No.51326920]

>>51326810
It's nothing easier to participate in this PoS lol, it's made for rich people to extract money from the plebs.
For good staking mechanics, one only has to look at Cardano. No minimum, no lock up, no slashing you keep full custody over your funds. Stake pools need no minimum either. Result: over 3000 stake pools, over 70% of supply staked, amount of entities controlling majority of stake: 22 and rising.

>:^) you HAVE to be blockchain illiterate to think the merge is a bad thing
Ethereum's mechanics are malicious at best. I'd ascribe it to incompetence if I didn't know the team's smart. Of course the merge is a bad thing, it's turning into a centralized mess, it becomes even more garbage than it already is. I don't mind though, this is all omega bullish for Cardano as they're the only L1 left that's continuing the crypto ethos and already has more real world use cases live in 1 year than Ethereum in its entire existence.

[Anonymous No.51327006]

>>51326920
thank you based anon

[Anonymous No.51327067]

>>51324069
>Pump at least 14 billion (actually 63 billion at current liquidity) into the bags of honest participants
>Attack
>They fork and your coins are the deleted burn
Proof of stake literally mogs governments. This is the god protocol.

[Anonymous No.51327083]

>>51324207
based

[Anonymous No.51327113]

>>51324069
Not even that, I can just kidnap the biggest node operators and attack the network that way

[Anonymous No.51327462]

>>51324147
So, it ll pump brutally, thanks for the bottom signal :O

[Anonymous No.51328143]

>>51327462
sure, eth head, everything just goes up forever!

[Anonymous No.51328154]

>>51328143
I dont know about everything, but eth is undervalued.

[Anonymous No.51328256]

The fuck is this thread? The tornado cash fiasco happen literally like a month ago. It's clear as day who controls this shitcoin.

[Anonymous No.51328370]

>implying infura + Coinbase don’t already own enough of the eth and enough of the validators to control the network

They can stamp out any effort that might undermine their control , I.e. tornado cash

[Anonymous No.51328587]

>>51328256
>The fuck is this thread?
This thread is actually a pretty good thread which is surprising I haven't seen a thread like this since 2019. It actually addresses a few concerns with ETH going to PoS.
>>51325703
This guy said it, the whole point of crypto in the first place was decentralisation without sacrificing incentive. Now the incentive to be decentralised is going.

[Anonymous No.51328595]

>>51324069
Definitely banking on all the feats it be bringing as the second largest whilst still saving it up on sylo smart wallet alongside XTZ and other ERC20 tokens for further staking asides doing it on AscendEx and KuCoin. Meanwhile DCA bot on Kucoin be so seamless for trading Aca, Sylo and Bond among others, I think that should do, yeah.

[Anonymous No.51328702]

>>51328587
the only good threads on biz are the BTC vs ETH threads, because more people are welll informed about the true values of each chain instead of wathever dog coin is popular this month. Personall yi bought eth at 0.052 BTC , and just sold yesterday because I dont think it has a good risk reward.

eth dumped to 0.048 BTC just 6 weeks ago. This rally is entirely Hype driven and will die down once the merge ends and people realize its the same blockchain with the same gas fees and the same 13 Seconds blocks.

I do however admit that ETH being Deflationary is probably gonna make it gain on BTC over long term as more people onboard on Defi activities. Kinda like BNB is doing, BNB is pretty much in the middle of a supply Shock right now.

Remember kids, dont get rekt. Liquidity is leaving the market at incredile speed everyday and they will keep raising rates to make people deleverate the position, If you get a nice PnD take profits like madman and dont be left bagholding

[Anonymous No.51328763]

>>51328702
>This rally is entirely Hype driven and will die down once the merge ends and people realize its the same blockchain with the same gas fees and the same 13 Seconds blocks.

You are correct about the merge rally but the big picture tells more about the price movement

[Anonymous No.51328791]

>>51324069
Should I sell ETH for BTC before the merge or after? I'm anticipating a dump on the news than a pump higher on "bullish" changes, then a gigadump when the realization that eth is now worthless hits

[Anonymous No.51328968]

>>51328791
Just solded a third of my ETH for BTC. Good enough I think

[Anonymous No.51329195]

>>51328763
anon, ive traded that chart since you were in diapers. Im looking at a 0.06 entry in around 1 month

[Anonymous No.51329199]

This thread is hilarious. BTC boomers in disbelief.

>"If the entire world runs on Ethereum then forking away from a 51% attempt is unacceptable!!"

First: if the entire world is running on Ethereum, it already won. And Bitcoin is dead.

Second: ever heard of slashing? You can only attack Ethereum once, then you get slashed by the network and you have to buy a majority AGAIN.
Unlike Bitcoin where you only need to collude hash power once and then you're forever in control without ANY OPTIONS for the community to take back control. Unless they fork, but Bitcoin can't fork or its meme will die.

The Bitcoin meme is dead, it failed at literally every pivot.
Muh internet money, muh digital gold, muh inflation hedge, muh it never revisits last cycle's ATH, muh ligntning network adoption. Muh Stock2flow KEK

Bitcoin is slow, inefficient, boring, no yield, no innovation, the list goes on.
In a world of tech where things continuously change and improve Bitcoin is literally stuck in a conservative hellscape of being afraid of change.

The ETH/BTC ratio is up +6500% (!!) against Bitcoin since the birth of Ethereum, and is today still in a very healthy uptrend that has been going for 3 years.

All smart Bitcoin maxis have long converted and left while Bitcoin itself is just stuck with conservative mouthbreathers who can only talk about third world shitholes 'adopting' Bitcoin, volcanoes and Bitcoin being regulatory friendly.
A total torching of the original Bitcoin ethos. The only thing left is shouting "just stack and hodl!!" to each other, SINCE THERE'S NOTHING TO DO in Bitcoin land.

So fucking sad. And if you dare have critique on the way things are going you are excommunicated by the cyber hornets, just like in any other cult.

Bitcoin is dying. It started during the blocksize wars many years ago, but now it's starting to show through on the charts too.

Ethereum is the future. Embrace it or die off, like the boomers.

[Anonymous No.51329849]

>>51324207
This. You can see the attacks on bitcoin and the support for ethereum from San Fran tech tranny investment groups. They can rework eth and control it. I like eth and other coins but bitcoin is the true network of crypto.

[Anonymous No.51330763]

>>51328370
You can only control or stamp out the effort of anything that is not completely decentralized. I can imagine how futile it'll be to shut down Railgun's privacy system without shutting the blockchain itself considering the fact that it is entirely hosted on the Ethereum network with no nodes or validators whatsoever.

[Anonymous No.51330803]

>>51328154
Well, I guess that's about to change with anonymity options fully enabled on it, thanks to emerging smart contract protocols built on it.

[Anonymous No.51332022]

>>51329199
>Ethereum is the future
So they say. Everything is the fucking future these days

[Anonymous No.51332087]

>>51328256
This doesn't in any way undervalue privacy, the need for it or the demand for anonymity on the Ethereum chain.

[Anonymous No.51332157]

>>51329199
this is NOT good for bitcoin

[Anonymous No.51332202]

>>51329199
> The ETH/BTC ratio is up +6500% (!!) against Bitcoin since the birth of Ethereum, and is today still in a very healthy uptrend that has been going for 3 years.

There are literal who shitcoins that do nothing and have 0 volume that have done 1,000,000% better than bitcoin in the last 5 years

What’s your point?

[Anonymous No.51332216]

>>51332202
his point is that you are bleeding gwei out the ass and there's nothing you can do about it except admit you're a slow learner and cut your losses

[Anonymous No.51333034]

>>51330803
cool, go back suck some wef cock!

[Anonymous No.51333142]

>>51329199
You will deepthroat Vitalik's tiny shroom and tell yourself this is the future of Earth.

[Anonymous No.51333286]

>>51330803
In that case, more value will added when anonymity, as you stated, is added to it

[Anonymous No.51333380]

ETH IS FOR BASED COOMERS

SNIFF AWAY BOYS
WE ARE PROTECTED

[Anonymous No.51333425]

>>51324147
>dude just get thousands of individual anonymous people all over the world to sell you 400,000 validators at market price

[Anonymous No.51333494]

>>51329199
Slashing is ineffective above 51%. A community agreed upon fork is the only way, however the community must correctly identify they are only forking out the malicious transactions and not innocent ones. This is the same community that doesn't understand how slashing works or when it is/is not effective, like you.

[Anonymous No.51333563]

>>51333494
Assume the community does not recognize malicious transactions absolutely immediately. What happens to the transactions afterward that are reverted when goods/services have already been exchanged in the real world? They are reverted. There is no recourse. This is unacceptable and far too risky for any large institution, or ANY rational participant in an economy.

BTC simply does not have this issue, and never will. There is no second best. Smart contract platforms will come and go like the flowers in spring, eth is just another one of them.

[Anonymous No.51334067]

>>51333494
>correctly identify
trivial, but nice try

[Anonymous No.51334096]

>>51333563
>BTC simply does not have this issue, and never will.
hahahaha retard no if Bitcoin gets 51%'d its irredeemably fucked, and its already cheaper to 51% hashrate than 51% stake, so my keks are in orbit at your desperation

[Anonymous No.51334192]

>>51334096
great argument however that's just fundamentally false on all levels isn't it, little guy

[Anonymous No.51334220]

>>51334192
you wish it was :^)

[Anonymous No.51335111]

>>51333425
almost as crazy as
>dude just tax literally everybody's income at increasing rates until the fabric of society starts to implode
it sounds ridiculous until you wake up and you're living in it

[Anonymous No.51335132]

>>51324980
>>at that point your 34% stake gets soft forked out
what is stopping a malicious entity from say, opening 17 nodes with 2% each under the guise of a rational good-actor?
>nothing.

[Anonymous No.51335447]

>>51335132
their attestations XDDDDDDD

[Anonymous No.51336829]

>>51324345
Unless they own it already chud.

[Anonymous No.51337006]

>>51324069
Weak fud.
https://twitter.com/VitalikButerin/status/955482751750361088

tl;dr - UASF gets initiated and they lose all their fucking money and have to try their attack again from scratch. This can happen infinitely until they run dry. PoS is more resilient to a takeover than PoW. Any attempt to control will a huge waste of money for nothing more than being a temporary inconvenience.

>>51324207
In the event that someone does capture 51% of the network (hello freedom bombs) they can indefinitely have permanent control because even if you fork away from them they still have the processing power to take over your new fork.

>>51325703
APR goes up post merge, it's only low because there aren't transactions fueling its return rate.

>>51324768
You can run a node without 32ETH. With PoS you can run your own full node with nothing but a Raspberry Pi and 2TB hard drive, much more accessible and decentralized than what you'd need for PoW.

[Anonymous No.51337037]

>>51324147
As these entities tried to acquire the eth needed for 400k validations, this would pump eth price sky high in the process you dumb faggot

[Anonymous No.51337105]

>>51328256
This is like saying torrents are dead because the RIAA successfully shut down ThePirateBay in the early 2000's. Tornado is still functioning as intended and has plenty of alternative frontends to use if you want, or you can download your own frontend to run locally. You should really learn your history regarding crypto wards and how the government proves time and time again to be absolutely powerless against it even if they temporarily get an upper hand with bullying at times. You have to be over 18 to post here.

https://en.wikipedia.org/wiki/Crypto_Wars

[Anonymous No.51337147]

>>51328587
It doesn't address concerns, it just tricks pajeets who don't actually research this tech into thinking they're learning some magic bullet that none of the core Ethereum devs or community ever thought of when these are literally the very first issues they sought to resolve before building these mechanics. There's plenty of documentation from years ago debunking this shit but most newfags aren't actually here to do anything more than pump shitcoins so never read a single whitepaper.

[Anonymous No.51337174]

>>51337006
>>51337105
>>51337147
This nigger throwing heavy bombs to the laser eyes ethereum fud department! :)
Upvoted!

[Anonymous No.51337183]

>>51337006
> tl;dr - UASF gets initiated and they lose all their fucking money and have to try their attack again from scratch. This can happen infinitely until they run dry. PoS is more resilient to a takeover than PoW. Any attempt to control will a huge waste of money for nothing more than being a temporary inconvenience.

its already controlled from the start, that's what you dn't understand. enjoy your premined asset.

[Anonymous No.51337205]

>>51333563
>BTC simply does not have this issue, and never will.

BTC has literally rolled back the chain before, doing exactly what you're mentioning. Ethereum even when forking from classic hasn't had a rollback. The best course of action was honestly to overwrite the malicious transactions. Bitcoiners absolutely seethe over this concept because muh immutability even if I was raped I need to give birth to the rape child and deal with it mentality. Just literally overwrite the malicious transactions and keep everything else in tact.

[Anonymous No.51337437]

>>51324069
Holy shit. We're so fucked it's funny.

[Anonymous No.51337446]

>>51337437
are you?

[Anonymous No.51337471]

>>51337446
not really man. I've been having a dry streak on account of my out of shape body. I'm trying to get to 1k pushups a day but so far can only manage 150.

[Anonymous No.51337544]

>>51337471
:(

[Anonymous No.51337799]

I want an ethereum wallet that isn't a browser extension, is open source, I have the keys, and it runs on Linux. I have this for every other crypto I hold, but for ethereum this appears to be super hard. Anyone know about one like this?

[Anonymous No.51337862]

>>51337174
Man can't you just leave and be a dick sucking faggot somewhere else, where you belong?

[Anonymous No.51337890]

>>51337862
Triggered? Good!

[Anonymous No.51338031]

>>51326920
Holy fuck, do I need an ADA bag? Can another person verify this shit?

[Anonymous No.51338140]

>>51329199
I hold more eth than btc but you missed a btc talking point. Le 21 million and never more. Digital property etc.