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IF it merges. That's a big "if" The ethereum Miners will rebel, "The Merge" will introduce catastrophic bugs, 0-days will appear. However, if it does successf

IF it merges. That's a big "if" The ethereum Miners will rebel, "The Merge" will introduce catastrophic bugs, 0-days will appear. However, if it does successfully transfer to proof of stake, we're in for a long and exciting ride. Trust is a valuable commodity these days.

exo762 5y ago
> The ethereum Miners will rebel I don't think miners can do anything about this. In the worst case, they coordinate to stop mining on N-1 block. But this requires an amazing level of coordination, plus network can directly bribe/reward next block producer by paying to `coinbase` address (real `coinbase`, not Armstrong's coinbase). > "The Merge" will introduce catastrophic bugs, 0-days will appear. This is why you have testnets. > we're in for a long and exciting ride. Definitely!
- rfd4sgmk8u 5y ago
  testnets are great, but cannot approximate the economic impact of technical decisions as they have zero value. Just because it works on a testnet is not a good justification that it would work at scale on a chain worth billions.
  - exo762 5y ago
    I agree. Ropsten is the proof. Still, I'm fine with Ethereum moving fast and breaking things.
    - rfd4sgmk8u 5y ago
      Ropsten coins are worthless, and cannot approximate or prove anything cryptoecomically. Moving fast and breaking things is great for things of no consequence, but for decentralized money -- I'm not a fan of this philosophy! I like slow, methodical, well tested, well reasoned code from the best minds in the space -- aka Bitcoin.
      - exo762 5y ago
        > Ropsten coins are worthless, and cannot approximate or prove anything cryptoecomically. We agree on that. You misread my comment. My risk tolerance is just different than yours. I've sold all of my BTC for ETH long time ago. Everyone is building on top of Ethereum, not Bitcoin. Bitcoin's meme about "every worthy usecase will get implemented on top of Bitcoin"... it's short-lived. Flippening is nigh, why would people re-implement something which exist on dominant chain on a chain that is subpar in every possible way? And I disagree about best minds. Bitcoin hasn't produced anything of interest for a long long time. Most patient? Surely. Best? Not even close. Maxwell has missed zero-knowledge proofs in 2013.
        rfd4sgmk8u 5y ago
        Lets revisit this in 5 years. Everybody regrets selling their bitcoin for magic beans eventually.
suikadayo 5y ago
It's not up to the miners to decide, it's up to the nodes to decide. Also, merge testnet is up already, making sure there are no significant issues.

exo762 5y ago

> The ethereum Miners will rebel I don't think miners can do anything about this. In the worst case, they coordinate to stop mining on N-1 block. But this requires an amazing level of coordination, plus network can directly bribe/reward next block producer by paying to `coinbase` address (real `coinbase`, not Armstrong's coinbase). > "The Merge" will introduce catastrophic bugs, 0-days will appear. This is why you have testnets. > we're in for a long and exciting ride. Definitely!

rfd4sgmk8u 5y ago
testnets are great, but cannot approximate the economic impact of technical decisions as they have zero value. Just because it works on a testnet is not a good justification that it would work at scale on a chain worth billions.
- exo762 5y ago
  I agree. Ropsten is the proof. Still, I'm fine with Ethereum moving fast and breaking things.
  - rfd4sgmk8u 5y ago
    Ropsten coins are worthless, and cannot approximate or prove anything cryptoecomically. Moving fast and breaking things is great for things of no consequence, but for decentralized money -- I'm not a fan of this philosophy! I like slow, methodical, well tested, well reasoned code from the best minds in the space -- aka Bitcoin.
    - exo762 5y ago
      > Ropsten coins are worthless, and cannot approximate or prove anything cryptoecomically. We agree on that. You misread my comment. My risk tolerance is just different than yours. I've sold all of my BTC for ETH long time ago. Everyone is building on top of Ethereum, not Bitcoin. Bitcoin's meme about "every worthy usecase will get implemented on top of Bitcoin"... it's short-lived. Flippening is nigh, why would people re-implement something which exist on dominant chain on a chain that is subpar in every possible way? And I disagree about best minds. Bitcoin hasn't produced anything of interest for a long long time. Most patient? Surely. Best? Not even close. Maxwell has missed zero-knowledge proofs in 2013.
      - rfd4sgmk8u 5y ago
        Lets revisit this in 5 years. Everybody regrets selling their bitcoin for magic beans eventually.

suikadayo 5y ago

It's not up to the miners to decide, it's up to the nodes to decide. Also, merge testnet is up already, making sure there are no significant issues.