https://levelup.gitconnected.com/how-ethereum-reversed-a-50-...
Oh.
But hey, at least it's an unregulated, informal, ad-hoc process in Etherium with no justice system or oversight to enforce the rights of the little guy.
and you do know a group of people tried to have the same thing done again a few years ago and it failed right?
Ethereum at this point - with seven years of autonomous operation and no repeats of DAO-like hard forks - has proven to be an immutable and credibly neutral settlement layer.
The 99.999999999% of use cases for Ethereum (or for Blockchains in general) can be easily handled if not by a single Raspberry Pi, but at least by a modern laptop. Because those use cases are currency speculation, buying useless shit, and asset hoarding.
The remaining arguably useful usecases are an exchange of IOUs.
People keep claiming that millions of people rely on it is such a bullshit claim
> with million+ transactions daily
Which is a paltry 11 transactions per second. I think a Raspberry Pi is now capable of the same amazing feat.
> It's using a magnitude less energy now than YouTube or Netflix
And doing orders of magnitudes less while consuming insane amounts of energy.
Had Ethereum tried to move around as much video as Youtube and Netflix are doing, heat death of the universe would happen the next day after the attempt.