ethereum is already centralized, no need for government intervention.

ethereum is already centralized, no need for government intervention. this validator was slashed and lost 31 eth because they misconfigured something. if you don't play by the holy rules, you get slashed. with PoW, if you don't play by the rules, you just wasted your time and hash power and you don't lose as much

  1. 1 week ago
    Anonymous

    isnt slashing good

    • 1 week ago
      Anonymous

      imagine they slash coinbase or binance, and their customer lose funds because their validator messed up somewhere. is this good?

      • 1 week ago
        Anonymous

        Rollback

    • 1 week ago
      Anonymous

      good to prevent attacks to the chain
      not best solution if discourages small operators

    • 1 week ago
      Anonymous

      Yes because it disincentivizes attacking the network. Slashing only happens if you do malicious behavior, intentional or not. This could happen if you configure your validator badly (usually a backup system that goes unintentionally online causing double signing) but if you don't do weird stuff you won't get slashed. The penalty ranges from 1 to 32 ETH depending on how many other validators were slashed at the same time. It seems OP got it wrong and the validator got slashed with 1 ETH leaving him with 31 ETH.

    • 1 week ago
      Anonymous

      it's archaic.
      DAGs don't need slashing, they are a perfect fit for the PoS model.
      blockchains are perfect for PoW.
      Eth right now is neither, so it has to have slashing which is a way to punish nodes who "misbehave", but actually punishing them for having coding bugs, which most servers have. eth itself had huge bugs in it's first years.
      tl;dr: eth is done for, stick a fork in it

      • 1 week ago
        Anonymous

        Eth dies and all that goes with it, the market will tank big time. Without Ethereum, there wouldnt be all the shitcoins that people invest in and create on its blockchain. Like the dot com bubble, there has to be filtering out of the vaporware to make room for the legit projects with real tech that will be used. Ethereum brought a turing complete blockchain with smart contracts to the eyes of the space but it has failed to live up to its potential. Something new can come along and really hone in on what eth couldnt and cant do.

        In order for crypto to succeed, the shit has to be flushed which means bye bye to the speculating on vaporware useless tokens.

      • 1 week ago
        Anonymous

        wrong
        slashing allows defense against censorship
        no slashing = everyone can stake on all forks
        so there's no easy way to get rid of censoring stake

        also it solves the theoretical model of shorting eth and attacking for 'free' because you don't lose eth during the attack
        PoS isn't secure without slashing

        • 1 week ago
          Anonymous

          wrong where exactly? slashing is one of the only ways of preventing a 51% attack on a blockchain. but it also happens to be an extremely heavy handed tool. what i said was simple: if you want a PoS chain, you are much better doing it on a directed graph which is unidirectional, uses more advanced validation techniques and does not allow for alternate chains at all so there is no need to slash anything at all even on a 100% malicious node.

      • 1 week ago
        Anonymous

        >DAGs
        looooooooooooooool hahahhahahhahahhahhahahhahahahhahahhahahahhahahhahahahhahahhahahhahahahahhah no

    • 1 week ago
      Anonymous

      Decent platforms like Avalanche don't need it.

      Ethereum does because it's taped together mid-ware

    • 1 week ago
      Anonymous

      There's no evidence that slashing are net positive, It's purely a thought experiment at this point

      • 1 week ago
        Anonymous

        With Avalanche we already have the proof that Proof of Stake works just fine without Slashing.
        Slashing isnt needed.
        Proof of Work also has no slashing and its also a Sybil Control Mechanism like PoS.
        The world works fine without Slashing, nobody ever needed it.

  2. 1 week ago
    Anonymous

    maxis are so scared hahahaha

  3. 1 week ago
    Anonymous

    > Some IT monkey forgets to do their job one day
    >Your money is gone, thanks for playing
    Future of finance, lmao.

    • 1 week ago
      Anonymous

      this pretty much to be quite fucking honest with you fampai

      it's just a matter of time til someone fucks up so bad a rollback will be proposed/forced

  4. 1 week ago
    Anonymous

    this is a good thing. mining pools who arent careless about they keys cant be hacked with many damaging effects (not staking keys, but keys used to secure network codes). slashing is an effective ways to filter out doofus with too much voting power.

  5. 1 week ago
    Anonymous

    I dont understand this dumb FUD. Every one knows that if anything goes wrong for globohomo on ETH Vitalik will pause trading and they will hard fork just like last time with ETC. This FUD is officially DEBUNKED

  6. 1 week ago
    Anonymous

    >31 eth
    thats it?
    miners need to cope harder

  7. 1 week ago
    Anonymous

    What if you mine to a new account for each block? Slashing won't take anything from you. Note that this is also safe for the network, because nobody loses anything and no bad blocks are allowed.

  8. 1 week ago
    Anonymous

    The most famous fork of Ethereum (ticker ETH) is ran by people. Decentralization is not a clearly defined concept. One node or one dev probably isn't decentralized, but is two? Depending on a lot of factors decentralized enough is some number 2 - n. Core eth devs and big stakers have disproportional influence over the network. So they decide where this fork is going and the network effects are such that they can do pretty much anything. Anyone can fork the system, but people moving over will be the same people who use open source non-google andoird os phones. So yes ethereum is centralized to some degree and while it may be an actual problem you have to understand the masses don't care. And in the bigger picture centralized Ethereum will probably be a huge success, it's a failure for the ideologues only

    • 1 week ago
      Anonymous

      ethereum is credibly neutral, there has never been a social consensus event resulting in protocol level censorship, and the day such censorship occurs is the day ethereum dies. probability is therefore quite good it will never happen. a fully immutable "decentralized" blockchain (point B) does not exist and will not for some time. I'm more concerned about successfully getting from point A to point B than whining about why point B doesn't exist yet

      • 1 week ago
        Anonymous

        I agree mostly. But I don't think Ethereum will die if they censor transaction etc. And that's pretty extreme, the way ethereum evolves benefits others more than someone else. From a certain perspective these changes are a centralized political phenomena already. I personally don't care about that, I just like the tech and want to make money

  9. 1 week ago
    Anonymous

    John Wu President of Ava Labs here, its not a Proof of Stake issue, as you see with Avalanche staking can work WITHOUT slashing, in fact it works absolutely fine without it.
    But Vitalik and his crew believe its just funnier to fuck your stake and steal your money due to hardware and software bugs.
    If you want the best staking on the Market you have to come to Avalanche.

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