There's an interesting pattern emerging with takes on the #ethereum#beaconchain launch. People who have been following developments closely are starting to get excited about how close the good stuff is. People who haven't are critical that it isn't here yet. And that's fine.
The whole point of a phased deployment is that the leading edge doesn't carry most of the change. People who say the beacon chain isn't impressive are perfectly welcome to keep ignoring it, while the people who are excited about where we're going keep working.
Awesome roll-up tech will keep rolling out. Awesome beacon chain tech will keep rolling out. Usability will keep going up. EVM will get BLS. The roll-ups that you're already using will get better and cheaper. PoW clients will silently switch over to respecting FFG finality.
Eventually the EVM and the beacon chain will dock and we'll have a big party! But by then 90% of the work needed to ensure the long-term health and vibrancy of the #Ethereum ecosystem will have already happened, all while people still complained that #ETH2 isn't really here yet.
I'm 100% okay with that. This is a long term game, and people are taking the time to get it right. Proving out each step to the point that every transition is criticized as insignificant is the hallmark of a smooth upgrade. Slow, incremental improvement is where it's at.
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Here's a thread to explain why millions of dollars of #ETH are being moved into this state of the art gadget, what makes it different from other #PoS systems, and why it was worth the wait!
First things first: even though the #beaconchain is being referred to as an #eth2 or "Ethereum 2.0" technology, it does not exist to replace the current Ethereum Virtual Machine we know and love as "Ethereum 1.0" today. If you're using the EVM, you're fine. It's not going away.
Instead, the beacon chain is a gadget that was planned even from before the launch of "Ethereum 1.0" to be swapped in for the #proofofwork system, called "Ethash", which currently secures that same EVM environment. blog.ethereum.org/2014/10/03/sla…
It is impossible for me to process the level of #facepalm I have just witnessed from @Bell's #business#fiber#internet alone, so you all have to share in this experience.
The fiber optic box for my #SMB internet service has a power supply with a built in UPS. Handy, right?
Internet is a critical service, and the entire device is under 25 watts, so building even a small UPS into the power supply will let it run for a very long time in the event of an outage! Great idea! Laptops and phones work when the power's out, so should the internet!
Wrong. The UPS is there for 911 phone service. So someone has actually gone to the trouble of designing a device that *knows* when the power has gone out, and continues powering the phones, but cuts the ~5 watts internet connection.
@factcheckmypost@liamihorne@ETHGlobal I don't agree with you that anything is being conflated, or that we can't know things beyond simple ranges of possible values here. Formally speaking, every bit (the computer kind) of information in your experience that is more or less likely in worlds where an EF conspiracy 1/n
@factcheckmypost@liamihorne@ETHGlobal exists is evidence that tells you *something* about the real world likelihood of that conspiracy existing in fact. That is, there are parts of your experience that have mutual entropy with the part of reality that is or is not an EF conspiracy, and this means you do in fact 2/n
@factcheckmypost@liamihorne@ETHGlobal know much more than you claim about this topic. Every different way that Vitalik could respond to a tweet, every different public decision that the EF announces, every piece of data in the blockchain, all of these are things that would be impacted by the real world existence 3/n