Stick a fork in it. Ethereum is done.
With that degree of centralization, might as well just run a database and call it a day.
Stick a fork in it. Ethereum is done.
With that degree of centralization, might as well just run a database and call it a day.
IMO - this behavior is a blip. As soon as it becomes clear that “censorship” isn’t effective, it will become less popular for validators to do it at all.
Are you talking about lack of ideological purity of Ethermine?
Yes, and the fact that everyone in the Ethereum community has largely glossed this over in their enthusiasm for the "merge" and what it will do the price of their assets.
Cryptocurrencies that embrace the centralization and censorship of fiat currencies are completely unnecessary and have no real utility. Tornado Cash and Ethermine should have been a line in the sand, a hard boundary for what's acceptable and what's not.
But the fact that no one even cares tells me that the community will be happy to accept even more censorship as long as their bags keep going up. Pathetic, really.
As for TC - who is rolling over? While some US based businesses are complying, protocol builders are saying that they will fight tooth and nail.
There will always be a miner (or validator in PoS) that will be willing to take Tornado Cash fees.
There is only one Bitcoin, and it's basically the chain the most clients are following. If you decide to follow another chain, you have created a new "coin", but Bitcoin is unaffected.
Is that how you evaluate technologies? By their marketcap?