Thread 60665487

the source:
https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/

>>60665490
>https://warosu.org/biz/thread/59617632
To revert a finalized block, an attacker would commit to losing at least one-third of the total supply of staked ETH. The exact reason for this is explained in this Ethereum Foundation blog post(opens in a new tab). Since finality requires a two-thirds majority, an attacker could prevent the network from reaching finality by voting with one-third of the total stake. There is a mechanism to defend against this: the inactivity leak(opens in a new tab). This activates whenever the chain fails to finalize for more than four epochs. The inactivity leak bleeds away the staked ETH from validators voting against the majority, allowing the majority to regain a two-thirds majority and finalize the chain.
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so any ETH can be expropriated by the only 51%+ validator who is Vitalik_and_foundation

>>60665487 (OP)
>imagine respamming your own bs mouthfoaming fud thread because nobody cares.....
Bitchud are you okay?

>>60665487 (OP)
>https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/
To revert a finalized block, an attacker would commit to losing at least one-third of the total supply of staked ETH. The exact reason for this is explained in this Ethereum Foundation blog post(opens in a new tab). Since finality requires a two-thirds majority, an attacker could prevent the network from reaching finality by voting with one-third of the total stake. There is a mechanism to defend against this: the inactivity leak(opens in a new tab). This activates whenever the chain fails to finalize for more than four epochs. The inactivity leak bleeds away the staked ETH from validators voting against the majority, allowing the majority to regain a two-thirds majority and finalize the chain.
-----------------------
so any ETH can be expropriated by the only 51%+ validator who is Vitalik_and_foundation

>>60665487 (OP)
>>60665490
This is the most retarded thread on /biz/ right now
Vitalik or the foundation staked exactly 0 and have 0 influence of the consensus finding
But the most retarded things is
>eth is just putins payment system
Top kek

>>60665487 (OP)
This is good fud. Thank you for the hopium

>>60665512
Its probably a bot.

>>60665512
>Vitalik or the foundation staked exactly 0 and have 0 influence of the consensus finding
like owner of 99% of ETH he can easy buy 67% of validators and remove_transaction/force_update_software/do_anything_he_want
if he dont do it yet

>>60665503
They fear the flippening.

>>60665538
ESL-anon time to take your early_morning_meds

>>60665594
youre really proud of that arent you?

>>60665487 (OP)
ETH fud boys, we're going to $16k aren't we?

>>60665594
>>60665490
>>60665487 (OP)

Any bitcoin can be expropriated by the only 51%+ miners which is satoshi and blockstream

see how retarded you sound?

>>60665692
>bitcoin
here is huge money of real world equipment used for bitcoin mining world wide

>>60665699
And there is a huge, even distribution of Ethereum worldwide. I think actually the centralization of bitcoin mining equipment in a few big mining companies is far greater.

>>60665541
Good!

>>60665601
17800$ is the fibo top.

>>60665708
>distribution of Ethereum

>>60665487 (OP)
or you could just buy instead of being a pussy

>>60665738
Yes, distribution of Ethereum. Again, I could easily replace the text in your image with bitcoin mining equipment and it would be even more true.

>>60665487 (OP)
ETHEREUM PISSES ON (SOL)
Solana wanted to be fast. ETHEREUM wanted to be King Then SOL crashed again. And again. Meanwhile, Ethereum kept building — but one day, it had enough. No more RPC errors. No more uptime excuses. Just one primal urge…
https://www.geckoterminal.com/eth/pools/0xedea23ee95a42563e923ae6f8c994372fc67eb57

>>60665553
kek

Ethereum is a centralized shitcoin that began with a massive 72 million ETH premine. Ethereum launched with 12 million ETH given to the developers and 60 million ETH sold sold for BTC as a part of its "initial coin offering" during the presale. The Ethereum developers purposely misled investors by suggesting that there was merely a 12 million ETH premine and ignoring the 60 million ETH that they sold during the presale, misleading total supply graphs in their prospectus. This is a serious concern in light of Ripple getting sued by the SEC due to XRP being an illegal security, which means in due time we should expect the SEC to also go after Ethereum developers and the Ethereum foundation for creating and selling an illegal security (ETH is a security because it passes the Howey Test).

https://i.imgur.com/HpBR7C5.mp4
Here is a clip of the co-founder of Ethereum, Joseph Lubin, describing how they allowed whales to use multiple fake identities to buy as much ETH as they wanted during the Ethereum presale. "A person can buy with any number of different identities. We may limit the unit size of a single sale to make it easier to disguise. So that nobody scares people with an enormous initial purchase. If you are a whale and you plan on investing several million US dollars worth, then you can do so with with multiple identities."

>>60666335
But that was in 2014. And in 2018, the Securities and Exchange Commission has said, regardless of what it might have been in 2014, it's now sufficiently decentralized that we'll consider it not a security.

>>60666360
I'm schizophrenic.

>>60665692
>>60665708
>>60665756
t. failed to understand the basics of bitcoin governance, nodes control the rules and miners secure it

>>60666437
the distribution of Ethereum

>>60665538
>>60665738
>>60666437
>>60666594
Yes saaaaaaar Vitalik personally owns 99.99999999999% of Ethareum tokens, buy Solana token very decentralised

>>60665487 (OP)
it is and always will be an exit scam

So could Vitalik just up and delete any ERC shitcoin he wants if they get in his way? Could he delete LINK if their mcap ever surpasses Ethereums?

Solana no any better

ESL thread

>>60665692

The difference is mongoloid: ETH team can do whatever they want at any time with 51% or more of the supply, regardless of what other people want. Getting 51% of the bitcoin miners to ALL agree to do something maniacal to BTC is near impossible. It would be self sabotage. There are a colossal amount of bitcoin validators as well, so good fucking luck.

>>60670499
bigger real_live_value of bitcoin fees - more realaible the system

>>60671613
>real_live_value
full hash rate of bitcoin network

Yes, ETH is a shitcoin, we already knew this

bitcoin miners use a nuclear power plant to mine bitcoins

>>60671726
>>60671726

>>60671726
>>60671726

>>60670499
So indeed there is no difference at all, got it. Because getting 51% of Ethereum is equally as hard, if not harder, than getting all bitcoin miners to agree to attack bitcoin. And it would be just as much self sabotage since it would make the entire hundreds of billions, if not trillions, worth of investment for the attack instantly worth $0 as the community forks the attacker out.

>>60671726
>>60671726
>>60671726
>>60671726

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