Replying to Avatar Benjamin Chodroff

POS for Ethereum was largely decided in the original white paper… https://ethereum.org/en/whitepaper/

While Bitcoin POW is more pure, the bootstrapping period ensures ETH is *quite* decentralized and I’m certain it will remain that way. Even the ofac sanction MEV is not stopping sanctioned transactions from entering chain. I use both bitcoins and eth but for very different purposes.

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Bc1qt1 2y ago

Tbh. Ethereum became irrelevant when they broke the first law of the blockchain.

Trust.

They broke it the moment they decided to rollback their chain. Doesn’t matter if it was beta or if vitaliks own money was stolen.

It’s not very decentralized when you need 32 eth to start a node. And if not you need to lock and trust your eth to third parties to not run away with.

Can’t trust a chain that was rolledback to not rollback in the future.

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Benjamin Chodroff 2y ago

Now that I can’t argue with! ETC lives on in both chain and POW. I’ll still go with ETH, but to each there own haha

Social consensus still can decide outcomes of on chain consensus… crazy world we live in: anything can happen :-P

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Bc1qt1 2y ago

Haha. True. Crazy world indeed 😂