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Good, well reasoned critique. What a breath of fresh air compared to standard maxi "mETH is a scam!!!!11"

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Don't believe the hype about this silly merge
Or Vitalik when he talks about a splurge
This market will soon start to purge
ETH is the butt from which all shitcoins emerge

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NGU will be justification for ETH for the masses and mainstream media. It's only going to get more and more annoying.

Great video, multiple threads already.

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25 sats \ 1 reply \ @ek 15 Aug 2022

What is NGU? (Haven't seen the video yet)

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Number Go Up

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Great explainer and without the maximalism asshole shit. That’s the path folks.

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Someone dusted the EthDev address last week with Tornado Cash-tainted ETH, which means Vitalik and company legally cannot sell that part of their ETH premine:
https://archive.ph/lOJfg

If anyone wants to really fuck over Ethereum, send tiny amounts of Tornado Cash-tainted ETH to the ~8000 accounts who bought during the premine sale. That would make somewhere around 60% of all the ETH un-sellable on centralized exchanges.

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Reference Twitter thread: https://twitter.com/_Checkmatey_/status/1558215750422351875
Timestamps

0:00 Introduction
1:08 Overview of topics
2:41 Checking My Own Bias and Credibility
5:35 The Proof-of-Stake Pitch
12:00 The EIP1559 Blunder
19:10 Why Stake Centralises
23:10 The State of Stake Today
26:16 PoW vs PoS Pools
30:37 The Tornado Cash Spanner
34:50 The USDC Circle Veto on Fork Choice
39:41 Statelessness and Pruning History
42:50 Weak Subjectivity
45:55 The Result
48:48 Summary and Conclusions
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