WAGMI

ac04 said:

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funkycoldpetina said:

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The financial system isn't broken but it can be improved. That improvement doesn't have to be direct peer to peer solutions. One could use a third party to fulfill the multitude of services we need but get to keep custody of our own coins and that would be an improvement. Most people don't want to have to understand and do the whole process. They want services. They want experts who know what their doing to fulfill complex and important tasks.

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solutions will be built on top of the base layer to facilitate the kinds of services you're talking about. just like it did with the internet. the vast majority of people have no idea how TCP/IP or HTTP works, and they don't need to in order to use the internet because entreprenuers made it easy for them.

but these other coins without a decentralized foundation are just another version of the fiat ponzi that absolutely is broken. proof of stake is a scam.

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They will and are being built and in the future there will be more than just btc and proof of stake chains will be part of that. Plenty are decentralized and decentralization isn't at all necessary for a crypto to have a use and be utilized. The world and technology doesn't revolve around the ideological obsessions of maxis

Maybe we aren't speaking the same language:
What does decentralized mean to you? Is there a value in decentralization?

What is a crypto that is used and is currently not decentralized, and why is it better than a database?

What are these use and utilization cases you proclaim? Can you name some? Or is this a hand-wavey thing?

Adverse Event said:

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Maybe we aren't speaking the same language:
What does decentralized mean to you? Is there a value in decentralization?

What is a crypto that is used and is currently not decentralized, and why is it better than a database?

What are these use and utilization cases you proclaim? Can you name some? Or is this a hand-wavey thing?

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Ethereum it's proof of stake are decentralized and far more uses are being done on it than btc.

Decentralization is not very important at all. Everyday we interact with hundreds of centralized entities that fulfill our needs without giving one care its centralized.

I understand this is all heresy to your maxi ideology but the world simply doesn't care about the things the priests of btc have hung their hat on.

ac04 said:

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you are incorrect, proof of stake coins are not decentralized. and on top of that you don't seem to understand why that's important. cute emoji though.

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Not all are but for instance eth with proof of stake is decentralized. Decentralization isn't that important because trustlessness isn't that important. Every day we trust countless centralized entities for our most important things and our most unimportant things and don't bat an eye because it's not something we collectively value to any meaningful degree.

ac04 said:

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post-merge, two addresses control 46% of all ETH PoS nodes. that is the opposite of decentralization.



but the merge made the front page of WEF's website, that's a good sign right?

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Every day we trust countless centralized entities for our most important things and our most unimportant things and don't bat an eye because it's not something we collectively value to any meaningful degree.

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again, you don't understand why decentralization is important yet. and that's ok. but you will.

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Who cares. And not long ago people whined about the percent of hash rate from China with btc.

Maxis can continue to play in their ideological prison and worship decentralization and innovators will continue to make things work that provide people the services and things they need.

Many things are created with one idea in mind and found to be better used another way.

You don't need to do anything. Etbereum does stuff. Btc doesn't do anything and is developmentally broken from ideological self inflicted stagnation. Their primary project is how to do stuff using their blockchain as little as possible.

Satoshis white paper is worthless. The obsession with trustlessness and decentralization aren't important to everyday people and that's who will eventually be using crypto.

2015 is probably when I first started really getting involved with btc though I was aware of it for a while before then.

Eth is perfectly capable of stopping someone like Trudeau being able to freeze accounts. That isn't a special or unique thing to btc. It's a basic feature of most crypto and it really doesn't matter. Govt has 10000 ways to **** Canadian truckers if they want. If they all were exclusively using btc govt would still do what they want. I mean they can literally put people in cages if they like lol.

Based on your references and beliefs, I understand why you find ethereum valuable, and alternatively why I find it of little value, outside of NGU (number go up) technology.

While you stand on the same side of the fences with WEF, JP Morgan, GreenPeace and ESG, gleefully.... I abhor them.

It's clear we find value in completely opposing philosophies.

Some people just love to be subjugated.

[Greenpeace reference]

🚨 Greenpeace spent $1 million in new "Change The Code" ads to intensify their attack on #Bitcoin's PoW.

🤡🤡🤡

— Bitcoin Magazine (@BitcoinMagazine) September 15, 2022

It doesn’t have to be this way.@Ethereum — one of Bitcoin’s top competitors — just changed its code system to reduce its energy usage by 99.95%

Bitcoin needs to change. Watch/share our video to help us expose Bitcoin for fueling the climate crisis!pic.twitter.com/MADdxavtn1

— Greenpeace USA (@greenpeaceusa) September 15, 2022

Edit: China
The only people whining about Chinese hash rate had no concept of what a mining pool is or does, paid no attention to the change in hash rate globally after the mining ban in China, and currently have no idea that China has once again peaked in bitcoin adoption/mining despite the ban. They don't know because they follow whatever narrative of the day from the mouthpieces they "trust."

I want stuff that works and you are a slave to an ideology. To each their own.

You keep saying "works" as if bitcoin hasn't been working exactly as it's supposed to for 14 years straight

And alternatively you sell PoS as if it's been working forever, when it's literally only begun within 24 hours and the mempool pending transactions for Eth is ever-expanding since the merge, over 300k stuck transactions and counting currently and up from 200k just a few hours back. https://ethblockexplorer.org/

Is that what you meant by working?

The only ideology i stand behind is, "trust, but verify."

I'd love for you to share any documentation that would allow me to verify your claims.

Adverse Event said:

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You keep saying "works" as if bitcoin hasn't been working exactly as it's supposed to for 14 years straight

And alternatively you sell PoS as if it's been working forever, when it's literally only begun within 24 hours and the mempool pending transactions for Eth is ever-expanding since the merge, over 300k stuck transactions and counting currently and up from 200k just a few hours back. https://ethblockexplorer.org/

Is that what you meant by working?

The only ideology i stand behind is, "trust, but verify."

I'd love for you to share any documentation that would allow me to verify your claims.

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We'll find out in 2036 if PoS Ethereum "works" as well as Bitcoin does today.

Works meaning does something. BTC has very little function and development of anything useful is near non existent. Maxis are still trying to make it a transactional currency.

ETH and other cryptos are developing use cases.

We aren't going to change each other's minds. I was once like you and I don't intend on ever going back to that.

Why wait? It does more today than btc.

Im suspicious that you think anything like me, however, I'm very susceptible to data presenting views different to my own. I will ask for a second time for data to digest that would change my opinions.

Thus far you have danced around providing anything of substance. Which is unfortunately common in these types of discussions.

Why does the following tweet not matter, and/or is this type of behavior the gold standard the ETH2.0 is designed to achieve?

The Top 7 entities have created 67% of blocks in ETH 2.0 so far. pic.twitter.com/d08lky46NO

— Magoo PhD (@HodlMagoo) September 15, 2022

These entities are not mining pools.

Also, being aligned philosophically with WEF, do you agree with this future as well?

It’s not a conspiracy theory if they actually tweet about it themselves. #FtheWEF pic.twitter.com/rDm7M8FgJf

— James Melville (@JamesMelville) September 15, 2022

I'm just not at all interested in a maxi debate and your constant tweet sharing is not informative or interesting to me. You were better as wheels.

It is decentralized and who cares.

You should use the google machine if you're interested. Lots of projects and things built off eth.

No. You and wheels like to play a game where you muddy simple things up with bad faith questions. If you aren't aware eth has projects and apps then no conversation is to be had.

last year I put about 2 ETH into the "earn interest by moving to ETH 2!" dummy pool

when will I be able to withdraw my ETH 2 and put it on my cold storage wallet?

ac04 said:

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i believe you can wait another 6-12 months for the ethereum network to enable unstaking and then you will most likely get in a queue to unstake, or you can trade it to coinbase now for something called cbETH and take an 8-10% loss.

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Sounds like it's working great!

AE/AC04 - I'm convinced you both enjoy debating with walls. I don't know how many times this has happened since 2020 but it's a similar process. This dude screams sock/troll.

Which questions were bad faith questions? I had hoped there was something of substance behind your attitude.

Had to look up the definition to make sure I understood your claim:

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Definition of Bad Faith
Noun

Intentional deception or dishonesty; or intentional failure to meet an obligation.
A person's intent to defraud or deceive himself or another person.

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It's rare that I've been categorized as a bad faith actor in any sort of personal or business dealings.

funkycoldpetina said:

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No. You and wheels like to play a game where you muddy simple things up with bad faith questions. If you aren't aware eth has projects and apps then no conversation is to be had.

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And I'm sorry but re-reading your post...

What in the **** is actually simple about any of these concepts?

I didn't ask what projects or apps were BEING DEVELOPED (not working) but which ones were implemented successfully post merge, as anyone of them prior to merge were operating with Base layer eth as a PoW concept.

The problem I see here is that you haven't been able to identify a single project or app with confidence for the group to explore. There's SO MANY TO CHOOSE FROM, so choose one.

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meh, bad faith questioning, stop muddling the waters.

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Pathetic.

Indeed. That was the first thing I looked at when mr 2-star rook started throwing around the word maxi I'm every other post.

ac04 said:

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lol, sounds about right. i am aware there are projects and apps on ETH. i'm asking which ones i or anyone else actually needs.

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I don't know what you need. There are lots of projects and apps on ETH. What website do you need? It's a silly question. BTC is great and I like it but it doesn't have the development that is going on with other cryptos. No there isn't some must have ETH based app at this point in time that everyone is using and that is no different from BTC. I think there is a lot of potential in this sphere and just as the early internet people are trying to sort out what types of things they can do that people will value.

Adverse Event said:

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funkycoldpetina said:

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No. You and wheels like to play a game where you muddy simple things up with bad faith questions. If you aren't aware eth has projects and apps then no conversation is to be had.

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And I'm sorry but re-reading your post...

What in the **** is actually simple about any of these concepts?

I didn't ask what projects or apps were BEING DEVELOPED (not working) but which ones were implemented successfully post merge, as anyone of them prior to merge were operating with Base layer eth as a PoW concept.

The problem I see here is that you haven't been able to identify a single project or app with confidence for the group to explore. There's SO MANY TO CHOOSE FROM, so choose one.

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meh, bad faith questioning, stop muddling the waters.

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Pathetic.

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I liked you as wheels. As administrative errors or whatever you fell off the deep end.

This is why I haven't enjoyed any conversations with you for a while. I say something that is pretty uncontroversial like Eth has more apps and projects being developed on it and you guys know that is the case. My point is more is going on with ETH and you want to get into the details of naming apps and talk about their efficacy. My point isn't that all the apps and development on eth are great and wonderful but stuff is happening. You want to make it an argument about specific apps and applications and projects on eth. All of this directs the conversation away from my point that more is happening on ETH and in that rabbit trail you never have to talk about what is happening on btc.

You are right that ETH just switched to proof of work and we don't have a large sample size of how things are going right now and that is an entirely fair point. This is a function of the timing of our conversation and just like you I do not know how it plays out. I think this criticism is in bad faith though because you already hated ETH and cried about it before this happened and before this was announced even.

For your last bit my point was never about any particular app or project. It was about the development going on. It was a comparison of what is being developed on ETH vs BTC. You want to go down the rabbit hole of specific ETH apps and projects because doing so misdirects and changes the subject from development on ETH vs BTC.