So, Vitalik either rolls back the chain or he doesn't.
1) He does and eth proves it's centralized as this would be the second rollback in 10 years at the hands of a very few individuals.
2) He doesn't roll it back and eth proves it's centralized because a few individuals "decided", for every stake holder, not to.
I sold all my eth directly into bitcoin in the summer of 2016 and today is the first day I looked back . . . but only to laugh my ass off.
The fact it’s on the table is just delicious, regardless of the outcome
Selling all my eth a few years ago was such a good feeling.
Legend!
Bought some ETH to donate to the Assange DAO back in the day. Bought a little extra "just in case." Went back later to exchange it for Bitcoin and Coinbase said it was unavailable because it had been staked or something.
Chalked it up as tuition payment to Maxi university but I doubt BlackRock and friends will be as gracious when Coinbase can't account for their ETF bitcoins.
I traded my eth for Bitcoin maybe about 2 years ago but I didn't really have that much anyway. I've been waiting for it to go back up but it never did so I just sold it and it was the right decision because now it's in the crapper
the nuance here i think is that it may be important to use the right words.. there isnt really a 'chain rollback'.. its a fork. there would be north korea eth, and new eth.. sure, on the new fork the data has been altered i am unsure exactly how they decide what to change but its a mess im sure.. maybe they get a little richer on the side too with their buddies, fudge a couple extra eth in for the exchanges or stakeholders to 'convince them'.
because what happens is vitalik and crew have to get all the exchanges and the validators and everybody to switch to the new fork. they will still call it eth of course. if they cant get a consensus then it wont happen. if they do, many centralized exchanges will keep the old eth and dump it. usually the customers that have coins there will not be able to participate in this.
so, anyways, yeah i think it is important to call it a fork, so people are more aware how stuff happens, as it can happen with any blockchain (including bitcoin). once cz said he and friends 'had the power' to do this dance with bitcoin but decided not to as to not erode the faith. it could have easily happened for the BCH thing too and could come up again for bitcoin in the future.
this is why its important to mine, to run nodes, and be aware how things work.. so calling it a rollback doesn't really do it justice.
carry on! 😂
Yes, I'm now starting the potential centralization Bitcoin risks rabbit hole, with mining pools (and other stuff) and I do think this is a conversation (among others) that should be had in the background in order to keep Bitcoin as secure and decentralized as possible.
And don't forget that if he decides not to rollback the hacker will have a bigger stack than himself aka control eth via proof of stake 🤣
And they just gave a sketchy country $1.5B
More than the US has given to Ukraine
L O L
😂
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This situation just keeps getting better.
They are fucked on all fronts.
