Thread by @CoinDesk

The Shanghai Upgrade next month puts the final touch on Ethereum’s transition to proof-of -stake.

Join us as we speak with @consensus2023 speakers and other leaders on its impact on development, markets and policy for #BUIDLWeek.
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https://twitter.com/CoinDesk/status/1628441273957814272

@consensus2023 “When you're a validator on the proof-of-stake chain, it's still a one-way process. There's still not a way to get your funds back on the execution layer of Ethereum ... This is the main thing we're bringing in the next upgrade." — @TimBeiko
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“Roll ups need to store data on Ethereum, but storing data on Ethereum is actually much cheaper than running computations on it.” — @TimBeiko

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“In the absolute worst case scenario, you don't have that massive amount, even that first few days of sweeping out the excess, the partials. You don't have that much supply that could hit the market.” — @rfw_arcana #BUIDLweek twitter.com/i/spaces/1OyKA…

“One of the things that's important for security is that the validator sets shouldn't change really rapidly. ... It would be bad if somebody could come in and deposit a bunch of ETH, become a validator, do something bad and then exit and not be punished." @TimBeiko #BUIDLweek

“I think really people will be looking at is what happens to the people who are in the existing validator set. Do we start to see that trend line of staking procedures?” — @rfw_arcana
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Have questions for our panel about the Shanghai Upgrade? Hop into our Space and raise your hand 🙋‍♀️🙋🏽

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“The settlement doesn't really provide a lot of clarity for other types of staking-as-a-service providers since the case was particularly around to Kraken’s facts and circumstances. So [it] doesn't really apply to other business models.” — @sarahamilby
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“It would be best for them to provide that clarity using public processes with the input of the public ... rather than continuing trying to create policy through these kinds of settlements and other types of enforcement actions.” — @sarahamilby
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“We would like to encourage more people to go for staking from home.“ — @EthCatHerders' @poojaranjan19

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“I think people are still having a healthy debate about whether or not it's a security.” — @sarahamilby
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"The Howey Test is something that the SEC has been using to evaluate whether there are investment contracts which are types of securities. They've been applying this test not only to the token itself, but the entire scheme like the ICO.” — @sarahamilby
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Like conversations like this? We'll continue the conversation at @consensus2023 this April where you can join speakers from @EthCatHerders, @BlockchainAssn and more.

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