4 ms·

Also, you're free to look at his actual statements and evaluate them based on how reasonable they seem to you. Not everything has to be evaluated from the persp

Also, you're free to look at his actual statements and evaluate them based on how reasonable they seem to you. Not everything has to be evaluated from the perspective of conflict of interest

iLoveOncall 4y ago
He is trying to sell Proof of Stake because Etherium is migrating to it. It has as many flaws as Proof of Work and is even less decentralized. Blockchain is a rotten technology anyway so there’s nothing good to see there.
- moneywoes 4y ago
  Are you bullish on any crypto
  - iLoveOncall 4y ago
    No, crypto as a whole offer no advantage over fiat but major inconveniences, and it is built on top of the worst piece of technology ever created by mankind.
- googlryas 4y ago
  It's not like it is just some fact of nature that Ethereum is migrating to proof of stake, and Vitalik is trying to find some post-hoc justification for it. It's migrating exactly because Vitalik and others convinced a lot of people involved in Ethereum that it should migrate to PoS. And why did he convince them of that? Because he believes it is a better system. Have you presented what you believe to be the flaws in the system to any Ethereum developers? Do you think you understand PoS generally or specifically their PoS implementation better than they do?
  - verdverm 4y ago
    https://www.youtube.com/watch?v=gyP0uxxB6V8 https://www.youtube.com/watch?v=gyP0uxxB6V8
    - googlryas 4y ago
      Why do you suspect Ethereum developers aren't reverting all of their plans and sticking with PoW after seeing this video?
      - verdverm 4y ago
        Their relative benefit from the new rules is greater?
        googlryas 4y ago
        How are they benefiting by destroying the network that they have a lot of assets in?
        verdverm 4y ago
        Why does centralization or regulatory capture imply destruction of the network? Maybe it means the opposite and more people will be willing to use it for financial transactions? Only time will tell
        googlryas 4y ago
        Well, I don't think it does. But if one is calling it a "monumental blunder", I have to assume one thinks the network is going to be damaged in some way.
- brobinson 4y ago
  It is more decentralized, though? It's also more expensive to perform a 51% attack against it. https://i.redd.it/5lhlmwdg27j91.png https://i.redd.it/5lhlmwdg27j91.png (imgur mirror: https://imgur.com/a/eGNG7r0 https://imgur.com/a/eGNG7r0)

Also, you're free to look at his actual statements and evaluate them based on how reasonable they seem to you. Not everything has to be evaluated from the perspective of conflict of interest

iLoveOncall 4y ago

He is trying to sell Proof of Stake because Etherium is migrating to it. It has as many flaws as Proof of Work and is even less decentralized. Blockchain is a rotten technology anyway so there’s nothing good to see there.

moneywoes 4y ago
Are you bullish on any crypto
- iLoveOncall 4y ago
  No, crypto as a whole offer no advantage over fiat but major inconveniences, and it is built on top of the worst piece of technology ever created by mankind.
googlryas 4y ago
It's not like it is just some fact of nature that Ethereum is migrating to proof of stake, and Vitalik is trying to find some post-hoc justification for it. It's migrating exactly because Vitalik and others convinced a lot of people involved in Ethereum that it should migrate to PoS. And why did he convince them of that? Because he believes it is a better system. Have you presented what you believe to be the flaws in the system to any Ethereum developers? Do you think you understand PoS generally or specifically their PoS implementation better than they do?
- verdverm 4y ago
  https://www.youtube.com/watch?v=gyP0uxxB6V8 https://www.youtube.com/watch?v=gyP0uxxB6V8
  - googlryas 4y ago
    Why do you suspect Ethereum developers aren't reverting all of their plans and sticking with PoW after seeing this video?
    - verdverm 4y ago
      Their relative benefit from the new rules is greater?
      - googlryas 4y ago
        How are they benefiting by destroying the network that they have a lot of assets in?
        verdverm 4y ago
        Why does centralization or regulatory capture imply destruction of the network? Maybe it means the opposite and more people will be willing to use it for financial transactions? Only time will tell
        googlryas 4y ago
        Well, I don't think it does. But if one is calling it a "monumental blunder", I have to assume one thinks the network is going to be damaged in some way.
brobinson 4y ago
It is more decentralized, though? It's also more expensive to perform a 51% attack against it. https://i.redd.it/5lhlmwdg27j91.png https://i.redd.it/5lhlmwdg27j91.png (imgur mirror: https://imgur.com/a/eGNG7r0 https://imgur.com/a/eGNG7r0)