Ethereum just announced a date for Capella hard fork on their goerli testnet on 3/14.
In other news, I’m pretty sure nobody on Nostr cares about Ethereum? Anyone building an ethereum L2 NIP payment solution? I would love it.
Discussion
ETH was a good experiment. They screwed it up the moment they decided to go POS, now its just another pos (piece of shit) chain.
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.
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.