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What you seem to be suggesting is that, there's some collective with an immutable interest in maintaining ETH-stability, ETH-usefulness?
by meltyness 4y ago
What you seem to be suggesting is that, there's some collective with an immutable interest in maintaining ETH-stability, ETH-usefulness?
- rglullis 4y ago1) Not specific to Ethereum, but to its goals. For me, turning a profit is secondary to the goal of having a permissionless and censorship-resistant way for cross-border payments. At the moment, I believe that Ethereum (as an ecosystem) is the closest to make that a reality because it has the largest developer mindshare and the Foundation seems to be the only one playing the long game. 2) I am not speaking as a "collective". I am speaking for myself, and I believe that there are others like me.
- meltyness 4y agoI did some digging and the principles are elucidated by vitalik on his blog.[0] The principles are based on the fact that proof of work is antisocial, impractical or unrealistic. The 6 times this was discussed last year[1] in the ethereum devs meeting on zoom might also be of-interest. [0]: https://vitalik.ca/general/2016/12/29/pos_design.html https://vitalik.ca/general/2016/12/29/pos_design.html [1]: https://github.com/ethereum/pm/issues/361 https://github.com/ethereum/pm/issues/361