[ANN] Ethereum: Welcome to the Beginning

[zasad@]

Somehow today I still see a lot of stupid people who use ETH but don't understand how to use smaller GAS for cheaper transactions, people are in too much of a hurry to use higher GAS fees to get fast confirmation on their transactions and burn their money, till now i still find those people on ethereum and willing to throw and burn their money for stupid transactions, i see transactions only done by rich people nowadays on ethereum network, i hope ETH 2.0 can help that even i see BNB with fixed gas costs 5 gwei cheaper
https://etherscan.io/gastracker

If you need to transfer 5-100 dollars, then alternative blockchains are better, but do you really want to use centralized blockchains to store your funds?
https://bitcointalk.org/index.php?topic=5389259
Sharding in ETH 2.0 will launch in maybe 6 months, so the Merge will definitely not solve the problems with expensive fees.
If you do not understand the value of decentralized blockchain, then use the centralized BCH, Tron and others. Now there are no blockings, and then they may appear, and then the idiots will understand that it would be better if they paid expensive commissions.

[percy_tc]

... i still find those people on ethereum and willing to throw and burn their money for stupid transactions,...

Which is actually pretty good for deflation.

[zasad@]

... i still find those people on ethereum and willing to throw and burn their money for stupid transactions,...

Which is actually pretty good for deflation.

No one will spend $50 in commission to send $100. I trade on decentralized exchanges and if I spend 50-100 dollars on commissions, then I earn 10-20 times more. With inflation in Ethereum, everything is in order, most likely, after the Merger, the number of coins will decrease.

[Piston Honda]

vitalik bro when you gonna return my caaaalllllllllllllllllllsss brrroooooooooooooooooo!?

[JollyGood]

Haha... be careful what you ask for Piston you never know maybe he really will get in touch with you one day and surprise you. Are you really up to having long conversations with him about various aspects and timelines of ETH 2.0 though  

vitalik bro when you gonna return my caaaalllllllllllllllllllsss brrroooooooooooooooooo!?

[safar1980]

Ether is worth more than $6,000, based on this valuation model

Ether is valued at $6,128, or about 180% of the crypto’s current price, based on a discounted cash-flow model, as Ethereum’s upcoming major upgrade could convert the cryptocurrency into an “equity-like instrument,” according to a recent report by Bloomberg Intelligence.

source
https://www.marketwatch.com/story/ether-is-worth-more-than-6-000-based-on-this-valuation-model-11649188553

[JollyGood]

I disagree with that valuation. After looking at the current state of the market I think it is just about right for Ethereum to floating around the $3000 mark. The discounted cash flow model is not giving the current valuation and teh same could be applied to hundreds of crypto to get their cash flow model price too.

Analysts will always have their views on what is going on and how they see the market change and fluctuate but how many times do they really get it right?

Ether is worth more than $6,000, based on this valuation model

Ether is valued at $6,128, or about 180% of the crypto’s current price, based on a discounted cash-flow model, as Ethereum’s upcoming major upgrade could convert the cryptocurrency into an “equity-like instrument,” according to a recent report by Bloomberg Intelligence.

source
https://www.marketwatch.com/story/ether-is-worth-more-than-6-000-based-on-this-valuation-model-11649188553

[safar1980]

I disagree with that valuation. After looking at the current state of the market I think it is just about right for Ethereum to floating around the $3000 mark. The discounted cash flow model is not giving the current valuation and teh same could be applied to hundreds of crypto to get their cash flow model price too.

Analysts will always have their views on what is going on and how they see the market change and fluctuate but how many times do they really get it right?

I read an opinion that after the end of ethereum mining, the emission will greatly decrease and the price may increase by 30-50% or more. Reducing electricity consumption will have a positive effect on the price.

[zasad@]

https://hackmd.io/@benjaminion/eth2_news/https%3A%2F%2Fhackmd.io%2F%40benjaminion%2Fwnie2_220408
Go/no-go decision on doing the Merge or postponing the difficulty bomb to be discussed on the 29th of April ACD call.

https://twitter.com/VitalikButerin/status/1514108726969470976
"zengjiajun.eth (C)
1) How decentralized and censorship resistant Ethereum will be after the merge?
2) Are there any possible ways for the powerful nation states to attack Ethereum successfully, if so, how?
vitalik.eth(C)
At this point I am more worried about attacks on the network layer than on other parts of the protocol."

Ethereum Roadmap FAQ
https://github.com/timbeiko/eth-roadmap-faq/blob/hackmd/README.md#shadow-forking

[Piston Honda]

Haha... be careful what you ask for Piston you never know maybe he really will get in touch with you one day and surprise you. Are you really up to having long conversations with him about various aspects and timelines of ETH 2.0 though  

vitalik bro when you gonna return my caaaalllllllllllllllllllsss brrroooooooooooooooooo!?

yeah, we can discuss ETH 2.0 release for 2025.............................

k3k

[FP91G]

Let's mining a few more months, here's the news:
The Ethereum merger from PoW (Proof of Work) to PoS (Proof of Stake) has been delayed until the second half of this year, possibly as early as the third quarter.
On April 13, Ethereum Foundation developer Tim Beiko said in response to a follower’s inquiry that the merged part of the 2.0 upgrade will not be completed in the expected June, “but it may be in the future. In a few months, no exact date yet, but we are definitely in the last chapter of Ethereum PoW.”
https://coinyuppie.com/ethereum-2-0-merger-phase-postponed-to-q3/

[zasad@]

https://finance.yahoo.com/news/former-ethereum-developer-virgil-griffith-162842692.html
Former Ethereum Developer Virgil Griffith Sentenced to 5+ Years in Prison for North Korea Trip

Ethereum Staker Migration Guides — Introduction
https://someresat.medium.com/ethereum-staker-migration-guides-introduction-45505079b1f0
ETH2 Deposit Contract
https://pro.nansen.ai/eth2-deposit-contract

[mistercashking]

When are we going to get these lower gas fees Vitalik??? Im gonna be 70 yrs old by the time it happens.

[tbearhere]

When are we going to get these lower gas fees Vitalik??? Im gonna be 70 yrs old by the time it happens.

Funny I was wondering about that too..... I am 70 years old. 

[zasad@]

https://news.bitcoin.com/vitalik-buterin-becomes-citizen-of-crypto-friendly-montenegro/
Vitalik Buterin Becomes Citizen of Crypto-Friendly Montenegro

"Ethereum co-founder Vitalik Buterin has been granted Montenegrin citizenship. Buterin joins other members of the crypto community with global experience who have been invited to help the small Southeast European nation attract investments and develop its blockchain sector."

[Piston Honda]

https://news.bitcoin.com/vitalik-buterin-becomes-citizen-of-crypto-friendly-montenegro/
Vitalik Buterin Becomes Citizen of Crypto-Friendly Montenegro

"Ethereum co-founder Vitalik Buterin has been granted Montenegrin citizenship. Buterin joins other members of the crypto community with global experience who have been invited to help the small Southeast European nation attract investments and develop its blockchain sector."

yeah obviously lol...he's fucked for russian now that psycho putin went war mongering crazy (and he was pals with him to a degree).  with global elite cabal and their puppets now fucking the world we see people needing to pick sides.  vitalik i'm sure must keep his safety and bank account in mind esp when you know putin.  but hey if i was vitalik i'd be doing the same, so can't really fault him for that.

[zasad@]

https://blog.clr.fund/350k-eth-staking-qf-round/
"$350k ETH Staking QF Round
TL;DR - Backed by the Ethereum Foundation, clr.fund and ETHStaker have teamed up to run a Quadratic Funding (QF) round with a 350,000 DAI matching pool dedicated to funding open source public goods for the Ethereum staking ecosystem."

Ethereum Foundation report april 2022
https://ethereum.foundation/report-2022-04.pdf

Ethereum Beacon Chain Deposits
https://dune.com/hildobby/ETH2-Deposits

[JollyGood]

SPAM

ERC721 - A plague upon it when thieves cannot be true one to another!

Craig S Wright Chief Scientist at nChain and inventor of Bitcoin and over 1000 other things
21 apr. 2022

ERC-721
           The Ethereum token standard for NFT’s ERC-721 was first filed as a concept by the ethereum team in September 2017. This date is interesting because, like many other so-called new inventions in this industry, it is within 4 to 6 weeks of several nChain patents being published. GB2561465B was granted only a few months ago, but it was first filed in February 2016. The invention was made public in August 2017 when the filing was initially published.

  ERC 721 was started then created 6 weeks after the nChain patents became publicly known.We filed in Feb 2016. We use the 18 month secrecy period. Then, these papers become publicly known and available.6 weeks later, ETH has a system that uses my invention.

           The invention encompasses much more than merely the pitiful use in making board apes. It was also filed in conjunction with EP3295362B1 (also granted), EP3295349B1, EP3295350B1 (granted) and multiple other patent ideas.

           These patents cover concepts that are incorporated in the claim such as the following:

1.     A computer system for verifying integrity of a computer software for installation using a distributed hash table and a peer-to-peer distributed ledger, the system comprising a processing device associated with a node on a peer-to-peer network of nodes, configured to:

determine a metadata (M) associated with a transaction record stored on the peer-to-peer distributed ledger;

determine an indication of the location of an entry on the distributed hash table from the metadata (M);

determine a third hash value (H3) based on the computer software;

determine a fourth hash value (H4) from the entry on the distributed hash table;

compare the third hash value (H3) and the fourth hash value (H4); and

verify the integrity of the computer software based on the compare of the third hash value (H3) and the fourth hash value (H4).

And

1.     A computer-implemented method of verifying integrity of a computer software for installation using a distributed hash table and a peer-to-peer distributed ledger, the method comprising:

determining a metadata (M) associated with a transaction record stored on the peer-to-peer distributed ledger;

determining an indication of an entry stored on the distributed hash table from the metadata (M);

determining a third hash value (H3) based on the computer software;

determining a fourth hash value (H4) from the entry on the distributed hash table;

comparing the third hash value (H3) and the fourth hash value (H4); and

verifying the integrity of the computer software based on the comparing of the third hash value (H3) and the fourth hash value (H4).

And

“The present disclosure relates to security, control and verification methods for ensuring and maintaining the integrity of a digital asset. The invention is particularly suited for verifying the ownership and/or integrity of an item of computer software. This may comprise using a distributed hash table and a peer-to-peer distributed ledger (blockchain)”.

The range of the invention and the scope of the patents far exceeds anything people do in the NFT world. It includes digital bonds, financial instruments, IoT control systems, authentication systems and much more. Basically, everything that you currently hear about in the so-called Cryptocurrency industry is not even one percent of the scope of my inventions. So, for those of you using ethereum and other platforms.., You may wish to re-evaluate; it won’t be just gas fees. The claim that you don’t need to pay fees because it’s on an MIT licence is erroneous. MIT doesn’t include patent protection.

When I launched bitcoin, I chose MIT licensing for a reason. Software that involves cryptographic components needs to be verified, and this requires open-source code publication. However, an MIT licence does not preclude the use of patented material. Unfortunately for those who use ethereum, many people take my ideas and think they can implement them with impunity. In 2017, I spoke about some of these concepts before ethereum decided to steal them.

Back then, patents were only pending, and you cannot take action for a pending patent.

Now, a proceeding to grant. Welcome to the future.

There is a solution, nChain has implemented a patent pool. As a result, small start-ups will be able to trial ideas without cost. It is only those large silicon valley companies and pseudo-companies like ethereum that think they don’t need to follow law or property rights that are going to find life more difficult.

He that is robbed, not wanting what is stolen, him not know t, and he's not robbed at all. William Shakespeare.

source https://www.linkedin.com/pulse/erc721-plague-upon-when-thieves-cannot-true-one-another-wright?trk=public_profile_article_view

read https://uk.linkedin.com/in/craigswright?trk=pulse-article_main-author-card

[r_victory]

From Friday to Sunday, seats in the coworking will be extra limited since we will be sharing BVB with the awesome @ETHGlobal for the EthAmsterdam Hackathon!

https://twitter.com/EFDevconnect/status/1517117193367871488

[pulseLN]

Did you guys hear about the full state fork of Ethereum launching next month called PulseChain?
All the tokens, contracts, etc are being copied it seems.