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Comment by cflynnus | Hacker News Reader

Disagree. This is a centralized project forcing a set of breaking consensus rule changes on users. Literally "upgrade your software or your money is gone"

Bitcoin has hard guarantees of user rights. Ethereum is a centralized project masquerading as decentralized.

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Dude, the entire point of crypto is freedom and choice. If you like protocols that don't change their consensus rules, stick with Bitcoin. Nothing wrong with that.

Uh, that's just wrong. If you don't upgrade your software your money is not gone.

If you don't upgrade your client software you wont be able to transact w/ the new/forked ethereum network. Ok so maybe "upgrade your software or your funds remain locked" is more accurate. Still not good.

There only needs to be a single miner that uses PoW and you can freely move your funds to other wallets. You can even start the miner yourself.

So no, your funds are definitely not lost. You might be the only one connected to the "network" but wasn't this the promise of cryptocurrency decentralization?

well the PoS fork tokens will acquire 99% the value of the current ethereum tokens, so if you want to access that you've got to upgrade your software. You are right tho you'll continue to be able to interact with the PoW network.

I mean, you can still transact. As long as you have your private key, you can transact. For example, there is going to be a "Proof of Work" fork of ETH after the merge. Price will dump on day one, but it will be there, and will tick away, and you'll still be able to move your ETH on both chains. But one will be considered canonical, because the community has gone with it.

Same thing has happened to Bitcoin multiple times. BCH, BTG, etc.

This commenter here is right you know. They (Ethereum Foundation) decide what the 'trademarked' Ethereum uses and if you are not on whatever they ultimately move to, well your money is unusable and locked. PoS is an increased risk of censorship and it is quite possible for regulators to even tell validator providers to censor addresses if they want to be compliant with regulations.

It is the re-centralization of Ethereum and will be made worse with Proof-of-Stake.

I think it's just as simple as "if you want to interact with people through software you have to use the same software as them." Nothing controversial about it, its just that the interaction isn't chatting over telegram, it's transacting.

There's nothing stopping you from selling your ether to someone who wants it and deploying that capital on something else. Or ignoring it and forking the chain and keeping your fork ether. "But it's valueless" I hear you say, see my above paragraph for the answer to that one.

This couldn’t be more wrong or dishonest. The merge has been part of the plan since 2016. The users were onboard with this from the beginning.

Bitcoin has had hard forks before as well man.

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