if that coin goes full 100% compliant with the US regulations and the WEF, that may actually work. It will not be hard self sovereign money though. And I don't see countries adopting eth as legal tender. That would be like adopting <USD+extra surveillance> as legal tender.
That's where this ends up. Ethereum has too many centralising points of failure to survive in an adversarial environment, so the winning strategy is to let it get captured and become a banker coin.
Perhaps that's been the plan all along? I find it incredulous that only now developers and influencers are openly panicking about the risks of censorship, less than a month before the merge. These risks have been self-evident for years.
To be honest the only reason I pay attention to Ethereum is because I think it's likely to become an attack vector for Bitcoin. Big players are likely to back the protocol they control, and vilify Bitcoin as being anti-ESG / dinosaur tech / unsustainable fee market / etc.
I guess it will be some form of CBDC, easy to use and fully controlled by the state. Most people won't care since approximately 100% of participants have a firm ideological commitment to being in it for the money.
Nitter.net is here:
https://nitter.net/Excellion/status/1560570981738958855#m
The real mvp
We're all a Pathetic Bitcoin Maxi™ but Samson said it first
when bots?
no one cares. censorship is also rampant on youtube, facebook and twitter. people still use it every day
Oh people will use it. People use chuck e cheese tokens too. But it's not going to be the reserve currency of the world.
Certainly some people care about censorship, right?
It's like saying "No one cares about bitcoin, because all the other money is centralized and people still use dollars everyday."
It's disregarding the point of the OP, which is that bitcoin is censorship-resistant, and ethereum is, well... not
if that coin goes full 100% compliant with the US regulations and the WEF, that may actually work. It will not be hard self sovereign money though. And I don't see countries adopting eth as legal tender. That would be like adopting <USD+extra surveillance> as legal tender.
That's where this ends up. Ethereum has too many centralising points of failure to survive in an adversarial environment, so the winning strategy is to let it get captured and become a banker coin.
Perhaps that's been the plan all along? I find it incredulous that only now developers and influencers are openly panicking about the risks of censorship, less than a month before the merge. These risks have been self-evident for years.
To be honest the only reason I pay attention to Ethereum is because I think it's likely to become an attack vector for Bitcoin. Big players are likely to back the protocol they control, and vilify Bitcoin as being anti-ESG / dinosaur tech / unsustainable fee market / etc.
I guess it will be some form of CBDC, easy to use and fully controlled by the state. Most people won't care since approximately 100% of participants have a firm ideological commitment to being in it for the money.
Yeah, it is disgusting. Centralized security, centralized leadership, centralized wallet metamask.
Still impressed how pos would end way more centralized than pow, and centralized at exchanges.