suikadayo

Miners are never in control of the chain. Node operators are.

I remember Satoshi rolling back the chain.

I run an Ethereum node at home just fine. There’s nothing centralized about Ethereum.

It’s about 1.1TB for full sync geth nodes, and growing. Ethereum researchers are looking into statelessness and state expiry which aim to make it even easier to run nodes with little need for space.

People will continue to run nodes regardless of the price of ETH, just like Bitcoin.

ENS is a smart contract protocol, so I don’t see how it’s related.

Optimism, Arbitrum, and other Ethereum L2 rollups plan to have decentralized sequencers.

It’s all new technology so they’re taking it slow.

Decentralization increasingly untrue? Ethereum consensus and execution layer nodes are at about 6k, under Bitcoin, and way above other projects.

I’ve seen people say what you’ve said for almost 10 years now. I wonder when the crypto beanie baby fad is going to die down. Maybe 100 years later?

If that’s the case, I’ve seen way more of that “social engineering” in the Bitcoin community.

At least there are uses for ETH

No, victim himself has said in his post that he doesn’t really dabble in the NFT community

Most L2s will require users to pay transaction fees in ETH. Some will have fee abstraction where people can pay with tokens, but the rollup themselves will still end up paying ETH on L1.

Ethereum will essentially be a settlement layer for rollups, and everyone will be doing their DeFi, NFTs, etc on the rollups which are almost treated like their own chains.

Maybe something like https://login.xyz/

Anecdotal experience of 1 person doesn’t make it the same for others

Rollup solutions like StarkNet and StarkEx on Ethereum will make apps gas-free.

It’s both. The artist registers an .ETH name and/or puts their wallet address on their profile, and the NFT proves that the artist originally created the smart contract, and/or minted the NFT, and is now owned by the user, shown on the chain.

Both of those are centralized, and will need to compete with zk rollups on Ethereum in the coming year, which will have tokens too, incentivizing people to try it out.

Everyone is suggesting taking more but you can have a decently profound experience with just 2g.

Try it with an eye mask and just music next time, and no other distractions, maybe with a trip sitter nearby.

At that point, it’s not a NFT problem, but an internet identity problem..

What about keybase? Have people figured this out in a decentralized way?

That’s why I’ll rely on the .eth or wallet address listed by the artist on deviantart. NFT buyers buying from scammers aren’t doing their due diligence to check if it’s legit or not; they could simply contact the artists directly to confirm if the listing is real.. I’ve done just that, contacting the artist directly to make sure.

If you ask “well, how do you know that’s their real deviant profile?”, at that point, it’s not a crypto/NFT problem, but an identity problem. My understanding is that keybase.io was one way to do that, but I never used it so I can’t say much. What if a scammer registered the keybase first before the real artist? Not sure what happens in that case.

I’m personally hopeful for platforms like http://gm.xyz as they go from centralization to decentralizing parts of their app

It’s not that difficult. Artists, original creators will write down their .eth or wallet address on their profile. Or just compare the timestamps of the creation of the smart contracts and the tokens.

On another note, it’s nice to see ETHBTC ratio going up

Contrary to the misinformation spread by a certain community, “full nodes” in Ethereum are fully validating.

https://mobile.twitter.com/TuurDemeester/status/146437138499...

Well, no, because the community voted on it, and people decided to run nodes that accept that.

Ethernodes.org crawler isn’t capturing all the nodes, but supposedly it’s either getting updated or a new one is coming out that should see all of them.

Seems like it’s about 6000 according to geth dev:

https://mobile.twitter.com/peter_szilagyi/status/14605772098...

There’s also about 4600 eth2 nodes:

https://www.nodewatch.io/

Ethereum is slightly less decentralized than Bitcoin when it comes to node count, but that’s about it. Ethereum and Bitcoin are the only chains with high number of nodes.

Ethereum has 10 different, independent teams working on their own clients, far more than Bitcoin, so we could say that the development is way more decentralized.

"Code is Law" was never part of Ethereum's ethos. It was some meme created by the company behind The DAO, and perhaps many people in the community supported it, but it wasn't part of Ethereum.

The merge was expedited over miner concerns, prioritizing it over sharding as originally planned, so it’s actually the opposite of what you are saying.

Even if they tried, it’d take weeks, months to get all of their validators accepted by the chain because of the limit each day.

What’s delayed? Beacon chain has been running on mainnet since last December-ish. http://beaconcha.in

There was some talk about moving the funds over to Arbitrum, which is Ethereum Layer 2 to save on fees, but not sure how ok the community would be with that.