Ethereum Is a Dark Forest

Re:Ethereum Is a Dark Forest by bpodgursky on Friday August 28, 2020 @05:22PM (#24310114)

The only thing I'll note is that Ethereum has committed to moving to Proof of Stake, albeit at a glacial pace, which * should * mostly remove the environmental destruction. The leadership does seem committed, although the rollout is slow.

Not really a fan of crypto overall (although I own some eth as a hedge in case it takes off), not contesting your other points.

[ Parent | on HN ]

Re:Ethereum Is a Dark Forest by TeMPOraL on Friday August 28, 2020 @05:25PM (#24310149)

Is PoS actually proven to work, the way PoW is? I keep revisiting this topic every now and then, and I always see it in the stage of "we think it should work, but we kind of don't have a mathematical proof just yet". From which I conclude it will most likely be eventually proven to not work at all, and we'll still be stuck with PoW.

[ Parent | on HN ]

Re:Ethereum Is a Dark Forest by spir on Friday August 28, 2020 @05:27PM (#24310175)

Yes, PoS has been proven to work. The research problems are solved. A public testnet of Ethereum's proof of stake is currently live. https://medalla.launchpad.ethereum.org/

[ Parent | on HN ]

Re:Ethereum Is a Dark Forest by TeMPOraL on Friday August 28, 2020 @05:41PM (#24310315)

Thank you. I'll rethink my perspective in light of this. Energy use concerns were always my primary concern wrt. the entire crypto space (scams will diminish as the space gets regulated, but energy profile of PoW looked like an insurmountable problem in principle).

[ Parent | on HN ]

Re:Ethereum Is a Dark Forest by Paradigma11 on Saturday August 29, 2020 @05:14PM (#24319485)

There area several currencies out there in the wild based on PoS like Tezos.

[ Parent | on HN ]