[ANN] Ethereum: Welcome to the Beginning

[zasad@]

https://www.theblock.co/post/267539/jpmorgan-ether-outperform-bitcoin-2024

"JPMorgan expects ether to outperform bitcoin and other cryptocurrencies in 2024, although the bank remains generally "cautious" about crypto markets in the coming year.

"We believe that next year Ethereum will re-assert itself and recapture market share within the crypto ecosystem," JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a note on Wednesday. "The main catalyst is the EIP-4844 upgrade or Protodanksharding, which is expected to take place during the first half of 2024. We believe that this upgrade will likely prove a bigger step towards improving Ethereum network activity, thus helping Ethereum to outperform."

Protodanksharding is an initial step toward the full implementation of Danksharding, a more efficient form of sharding for Ethereum. Unlike the originally planned sharding technique, Danksharding avoids the complex process of splitting Ethereum into multiple shard chains. Instead, it introduces data blobs, temporary data packets attached to blocks, capable of holding more data than blocks but not permanently stored or accessed by the Ethereum virtual machine.

The upgrade is particularly beneficial for Layer 2 networks like Arbitrum and Optimism, JPMorgan analysts reiterated, as it provides an additional temporary data space to increase network throughput and reduce transaction fees for Layer 2 networks on Ethereum. In essence, data blobs enhance the efficiency of Layer 2 networks without altering the Ethereum block size."

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[zasad@]

https://twitter.com/bloXrouteLabs/status/1736819783520092357?s=20

bloXroute MEV Relays to reject blocks w/ OFAC tx

"effective immediately, all bloXroute relays will reject  block bids if they contain OFAC transactions (Tx which interact with addresses appearing on the OFAC SDN list)

We remain committed to supporting ETH decentralized and permissionless nature, while maintaining compliance with our legal jurisdiction

Ethereum is unstoppable, permissionless, and anti-fragile because it's decentralized and globally distributed, and not easily affected by any single entity, even if it has the best networking tech.

We look forward to seeing this having no effect except reducing our own win-rate"

[becoin]

"effective immediately, all bloXroute relays will reject  block bids if they contain OFAC transactions (Tx which interact with addresses appearing on the OFAC SDN list)

We remain committed to supporting ETH decentralized and permissionless nature...

Are you kidding?

[zasad@]

"effective immediately, all bloXroute relays will reject  block bids if they contain OFAC transactions (Tx which interact with addresses appearing on the OFAC SDN list)

We remain committed to supporting ETH decentralized and permissionless nature...

Are you kidding?

Today is not the first of April and this is a bad joke.
This may be a rhetorical question, but if anyone wants to understand the problem in more detail, then look at the statistics and information in more detail:
https://beaconcha.in/relays
https://censorship.pics/

So far censorship is losing, and there are many addresses on the list.
https://github.com/ultrasoundmoney/ofac-ethereum-addresses
But politics can always change.

[zasad@]

Donald Trump Sells 1,075 Ethereum Generated from NFT Collections: Arkham Intelligence
https://www.economywatch.com/news/donald-trump-sells-1075-ethereum-generated-from-nft-collections-arkham-intelligence
"Former U.S. President Donald Trump has sold 1,075 ETH, amounting to $2.4 million, from his non-fungible token (NFT) mugshot collections, according to Arkram Intelligence.

Trump’s NFT Cashout on Frenzy
In a recent development, an Ethereum wallet associated with former U.S. President Donald Trump has attracted attention for its substantial cryptocurrency activity, particularly in the sale of non-fungible tokens (NFTs).

According to a December 27 post by the leading blockchain intelligence firm Arkham on X, there has been a noteworthy change in Trump’s cryptocurrency portfolio over the last three weeks, involving the liquidation of approximately $2.4 million worth of ETH."
__
Does Trump need a couple of million, or does he know that the market will turn around soon? In my opinion option 2 is correct

[zasad@]

https://coinmarketcap.com/community/articles/659f86306d8fb40ed08a18e0/
"Eric Balchunas has predicted a 70% chance of the Securities and Exchange Commission (SEC) approving an Ethereum spot exchange-traded fund (ETF) in May. The SEC has multiple Ethereum spot ETF applications to review by the end of May, including those from VanEck, Ark 21Shares, and Hashdex. While digital asset lawyer Joe Carlasare believes an Ethereum spot ETF will be approved this year, he cautions that the approval process may take longer than some investors expect. As the cryptocurrency industry continues to mature and gain regulatory acceptance, the approval of Ethereum spot ETFs could potentially open up new investment opportunities for institutional Investors."

Ethereum has a good chance. The reason is in this post:
https://bitcointalk.org/index.php?topic=5481086.msg63478636#msg63478636

[batang_bitcoin]

While ETH is pumping, this thread should be flocked by most of those that are happy seeing it go up. But it seems that there's not that much on this thread but good to see that zasad is keeping up and have been an active contributor to this thread. Keep it up, mate.

https://coinmarketcap.com/community/articles/659f86306d8fb40ed08a18e0/
"Eric Balchunas has predicted a 70% chance of the Securities and Exchange Commission (SEC) approving an Ethereum spot exchange-traded fund (ETF) in May. The SEC has multiple Ethereum spot ETF applications to review by the end of May, including those from VanEck, Ark 21Shares, and Hashdex. While digital asset lawyer Joe Carlasare believes an Ethereum spot ETF will be approved this year, he cautions that the approval process may take longer than some investors expect. As the cryptocurrency industry continues to mature and gain regulatory acceptance, the approval of Ethereum spot ETFs could potentially open up new investment opportunities for institutional Investors."

Ethereum has a good chance. The reason is in this post:
https://bitcointalk.org/index.php?topic=5481086.msg63478636#msg63478636

I was just asking this and have it on the other thread. So there have been bunch of ETH spot ETF applications already, I think that we're going to see the same vibe on how BTC's was approved.

[zasad@]

While ETH is pumping, this thread should be flocked by most of those that are happy seeing it go up. But it seems that there's not that much on this thread but good to see that zasad is keeping up and have been an active contributor to this thread. Keep it up, mate.

https://coinmarketcap.com/community/articles/659f86306d8fb40ed08a18e0/
"Eric Balchunas has predicted a 70% chance of the Securities and Exchange Commission (SEC) approving an Ethereum spot exchange-traded fund (ETF) in May. The SEC has multiple Ethereum spot ETF applications to review by the end of May, including those from VanEck, Ark 21Shares, and Hashdex. While digital asset lawyer Joe Carlasare believes an Ethereum spot ETF will be approved this year, he cautions that the approval process may take longer than some investors expect. As the cryptocurrency industry continues to mature and gain regulatory acceptance, the approval of Ethereum spot ETFs could potentially open up new investment opportunities for institutional Investors."

Ethereum has a good chance. The reason is in this post:
https://bitcointalk.org/index.php?topic=5481086.msg63478636#msg63478636

I was just asking this and have it on the other thread. So there have been bunch of ETH spot ETF applications already, I think that we're going to see the same vibe on how BTC's was approved.

The policy when working with regulators in the Ethereum ecosystem should suit everyone. White and black lists, blocking in smart contracts and a large number of level 2 solutions and even level 3 solutions will make Ethereum the main coin in the future.
This ecosystem has all the famous stablecoins and huge trading volumes.

[batang_bitcoin]

I was just asking this and have it on the other thread. So there have been bunch of ETH spot ETF applications already, I think that we're going to see the same vibe on how BTC's was approved.

The policy when working with regulators in the Ethereum ecosystem should suit everyone. White and black lists, blocking in smart contracts and a large number of level 2 solutions and even level 3 solutions will make Ethereum the main coin in the future.
This ecosystem has all the famous stablecoins and huge trading volumes.

That makes sense while there are a lot of competitors or let's say these competitors were also once part of the Ethereum ecosystem.
It's still the most sought-after network for smart contracts and most of the projects. It's also moving forward if many or even some of these eth etf spot applications will be approved soon.

[JollyGood]

Bitcoin has taken that major step forward with ETF approval therefore it is logical to accept others will be approved too. Ethereum is extremely centralised, everything you do with trading, NFTs to tokens and anything in between can be analysed with ease therefore it will appeal to the SEC. I think it will be approved in May (otherwise sometime before the end of the year).

Eric Balchunas' prediction of a 70% chance of the SEC approving an Ethereum spot exchange-traded fund (ETF) in May has sparked significant interest and speculation within the cryptocurrency and investment communities.

[Marvelman]

The policy when working with regulators in the Ethereum ecosystem should suit everyone. White and black lists, blocking in smart contracts and a large number of level 2 solutions and even level 3 solutions will make Ethereum the main coin in the future.
This ecosystem has all the famous stablecoins and huge trading volumes.

I'm on the fence about that.  Sure, getting buddy-buddy with the regulators could help Ethereum become top dog one day by making it seem more legit.  But it could also backfire.  The regulators might force Ethereum to add a bunch of red tape that makes it harder for developers to create new apps.  Or worse, they could just ban certain kinds of transactions, which would be a punch in the guts. 

So it's hard to say if getting regulators on board is worth the risk and  ethereum has done pretty well so far just doing its own thing without worrying what the higher-ups think.  Then again having the big bad government's blessing could convince more people to jump on the Ethereum train.  At the end of the day its hard to predict how it would all shake out. 

[Stop007.org]

Hi, and omg,

Good time in 2013, when I buy a pre-sale wallet, full of expectations. And now, in poor life. It's okay, simplicity shows me my strong structure way.

Nice to meet you here Bro, and Im not forget the Yellow Submarine.


Regards, Acigo.

[batang_bitcoin]

Hi, and omg,

Good time in 2013, when I buy a pre-sale wallet, full of expectations. And now, in poor life. It's okay, simplicity shows me my strong structure way.

However, Ethereum isn't yet alive by that time. Are you talking about that you've made an investment and bought Ethereum or do you want to just share your experience before? If that's the case, I think that you've posted it on the wrong thread. Anyway, life teaches us a lot of lessons so be better on what you do now.

[zasad@]

The policy when working with regulators in the Ethereum ecosystem should suit everyone. White and black lists, blocking in smart contracts and a large number of level 2 solutions and even level 3 solutions will make Ethereum the main coin in the future.
This ecosystem has all the famous stablecoins and huge trading volumes.

I'm on the fence about that.  Sure, getting buddy-buddy with the regulators could help Ethereum become top dog one day by making it seem more legit.  But it could also backfire.  The regulators might force Ethereum to add a bunch of red tape that makes it harder for developers to create new apps.  Or worse, they could just ban certain kinds of transactions, which would be a punch in the guts. 

So it's hard to say if getting regulators on board is worth the risk and  ethereum has done pretty well so far just doing its own thing without worrying what the higher-ups think.  Then again having the big bad government's blessing could convince more people to jump on the Ethereum train.  At the end of the day its hard to predict how it would all shake out. 

Politics have not worked in the crypto world for a long time.
Modern smart contracts have built-in blocking and backup functions, which are enough to solve many problems. And adding a list of several hundred prohibited wallets to the code is not a problem.

__
Ethereum’s Dencun Upgrade Goes Live, But Fails to Finalize on Testnet
https://www.coindesk.com/tech/2024/01/17/ethereums-dencun-upgrade-goes-live-but-fails-to-finalize-on-testnet/

[finist4x]

Ethereum developers have deployed the Dencun update enabling proto-danksharding (EIP-4844) on the Goerli testnet, serving as a precursor to its expected mainnet launch.

[zasad@]

CES 2024: Mercedes-Benz Previews In-Car NFT Gallery, 'Emotional' AI Assistant
https://decrypt.co/212831/ces-2024-mercedes-benz-previews-in-car-nft-gallery-emotional-ai-assistant
"
Mercedes-Benz is also overhauling its navigation and in-car entertainment (ICE) systems. The latter will incorporate an in-car music experience, MBUX Sound Drive, developed by recording artist Will.i.am that enables music to "react to the way the acr is being driven."


Mercedes-Benz MBUX Collectibles app. Image: Mercedes-Benz
A new MBUX Collectibles in-car app enables drivers to showcase their non-fungible token (NFT) collection on the vehicle's dashboard, including the brand's own NXT NFTs on the Ethereum blockchain. The firm made headlines last year when its NXT Icons NFT collection drop caused its website to crash."

[zasad@]

https://www.coindesk.com/tech/2024/01/22/bug-on-ethereums-nethermind-software-sparks-discussion-of-client-diversity-risks/
Bug That Took Down 8% of Ethereum's Validators Sparks Worries About Even Bigger Outage
"Ethereum just had one of those moments where the big story is what didn't go wrong.
A bug in Ethereum's Nethermind client software – used by validators of the blockchain to interact with the network – knocked out a chunk of the chain's key operators on Sunday.
It was a manageable incident, but the episode revived a long-simmering debate in the Ethereum ecosystem around the need for "client diversity." Some experts took the opportunity to point out how bad things could have been if another client software, Geth, the chain's most popular execution client, had gone out; the question is whether Ethereum could have kept going since Geth stands out as a possible single point of failure for the network."

[finist4x]

Founder Of Ethereum, Vitalik Buterin In UAE

Details ... https://laraontheblock.com/founder-of-ethereum-vitalik-buterin-in-uae/

[zasad@]

https://coinedition.com/eth-should-be-beyond-money-buterin-proposes-cypherpunk-vision/
‘ETH Should be Beyond Money,’ Buterin Proposes Cypherpunk Vision
"Vitalik Buterin advocates for a broader vision for ETH beyond finance.
Buterin explores democratic governance, privacy solutions, and global inclusion.
He urged developers to consider regions like Argentina and Turkey for tackling financial disparities.
Ethereum Co-Founder Vitalik Buterin is stirring up big ideas for Ethereum, arguing that the ecosystem should not just be about money. According to him, it should be about creating a new way for online interactions freed of controls from big companies in Silicon Valley.

This visionary manifesto came in a recent publication, “The End of My Childhood,” citing snippets from earlier commentary on “Make Ethereum Cypherpunk Again.”"

[r_victory]

The Q1 2024 roadmap is already out for feedback, suggestions, and contributions. Take a look at how you can start contributing to ethereum.org (e.g., writing or reviewing content, creating new designs, translating the website, developing new features or fixing bugs, and many more possibilities) in the contributors pages.