Ao sair de casa aqui na aldeia ainda me dizem: "como tas mê menino?" Há um avô em cada esquina. Só não o meu 😉

Ethereum as we know it today (ETH), is a literal and philosophical hard fork of the original idea that "code is law". The now obscure blockchain, Ethereum Classic, (ETC) is actually the original Ethereum. What remains is the Ethereum of today (ETH), which is a culture of centralized control, forced software upgrades, and with a corruptible security architecture through proof of stake. The DAO attack was the first major test of Ethereum's decentralization, and it failed. The DAO Hack and Response: In 2016, the first major smart contract project on Ethereum, the DAO (decentralized autonomous organization) was compromised, and an attacker was about to siphon off a third of the DAO's deposits ($50 million). Bad for the victims, and even worse for the reputation of the nascent Ethereum project. In response, the Ethereum foundation created a hard forked version of Ethereum that reversed the exploitation by the attacker, as well as returned funds to the depositors. This is the Ethereum we know today as ETH. Why This Matters: When the Ethereum foundation created the hard fork to ETH, it... (1) revealed that Ethereum was never decentralized to begin with, if some person, or group of people has the ability to push forward a hard fork to modify transaction history. (2) alienated any Ethereum users who were not willing to compromise on the basic principles of a truly decentralized protocol. (3) secured a culture of centralized control and forced software upgrades for the new, forked version of Ethereum, ETH.

X (formerly Twitter)

Mark Harvey (@thepowerfulHRV) on X

Investor | Engineering and Finance background | $BTC $MSTR $TSLA $STRC | Views are my own and not financial advice

status/1670634370112299008

Truz truz, quem é que prai anda? #Portugal #pt #br #Brasil

Firefighters just walked past me. One still getting ready inside the combat truck. Now past the tank. Wind, sun and eucalyptus trees... Portugal 2023