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> There is no excuse for this amount of power wasted since Ethereum moved to proof of stake. https://ultrasound.money/ https://ultrasound.money/ There is. Afte
by irusensei 4y ago
> There is no excuse for this amount of power wasted since Ethereum moved to proof of stake. https://ultrasound.money/ https://ultrasound.money/
There is. After the PoS merge more than 50% blocks on the ethereum chain are OFAC compliant raising censorship concerns. https://cointelegraph.com/news/51-of-ethereum-blocks-are-now-compliant-with-ofac-standards-raising-censorship-concerns https://cointelegraph.com/news/51-of-ethereum-blocks-are-now...
- JohnJamesRambo 4y agoBitcoin miners don’t magically get around OFAC either. The end result of the censorship of blocks in Ethereum is that non OFAC compliant transactions are taking I think about 30-60 seconds longer as they get picked up by non-censoring validators and added to blocks. This is very different than being silenced forever and not being allowed to transact. The source of the issue isn’t validators but centralized mev boost operators. More discussion here. https://www.reddit.com/r/ethereum/comments/ye57ep/is_ethereum_now_under_us_control_99_of_the_latest/ https://www.reddit.com/r/ethereum/comments/ye57ep/is_ethereu... https://cryptobriefing.com/is-ethereum-under-attack-unpacking-the-mev-boost-censorship-controversy/ https://cryptobriefing.com/is-ethereum-under-attack-unpackin...