theymos attacks ethereum ::: validity check requested.
"ETH is already centralized... The developers have a key which allows them to kill any chain. With this level of control, they can apply any rules they want. I expect them to go the way of Ripple (with AML etc.) once regulators wise up to this."
theymos 2 points 16 hours ago:
ETH is already centralized... The developers have a key which allows them to kill any chain. With this level of control, they can apply any rules they want. I expect them to go the way of Ripple (with AML etc.) once regulators wise up to this.
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throwaway36256 5 points 13 hours ago:
Source??!! I've never heard of this. Are you mistaking something?
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theymos 4 points 8 hours ago:
That's because it's somewhat obfuscated in the code, and they don't like to talk about it...
https://github.com/ethereum/wiki/wiki/Bad-Chain-Canary
https://github.com/ethereum/libethereum/blob/develop/libethashseal/Ethash.cpp#L277
continues...
My r/ethereum post: https://www.reddit.com/r/ethereum/comments/4kbcal/theymos_vs_ethereum_round_2236_validity_check/
All coins with a community will have echo-chamber effects THAT CAN BE MANIPULATED so I hardly find his fear founded or maybe misplaced.
Also I thought what he is referring to disappeared with the Homestead release?
Also I like turtles.
He's deep in Core/Blockstream camp, their entire economical/scalability model is based on assumption that there is and will be no competition for Bitcoin.