Quote from: bubbagump on Today at 02:10:39 PM

Quote from: stoniestfool on Today at 12:07:51 PM

Not sure you know the history of the core devs repeatedly enriching themselves from repeatedly reducing rewards. Nor do you understand that 51 % of the hash on 1 pool is NOT a 51 percent attack.Doubt you understand the dynamics that eip-1559 will most likely raise the cost of transaction. This will be caused by artificiale inflation. If your transaction cost 0.001 eth but eth is 5000 usd, u are paying more not less.

For 5 years miners were considered members of the community. Which most miners also are users. Only when it fits the devs agenda is the yellow paper meaningless and miners are ONLY service providers. Ethereum.org had affiliate links to gpus. Miners paid 50k for a requested audit of progpow. While the devs who requested the audit were secretly working with asic manufacturer.

Just because we made a better investment than holders you do not have the right to steal my profits.

You're the one who doesn't get it. Even if you don't carry out the 51% attack, you're signaling that you have a cartel that is capable of doing it. You'd be showing the world that the second biggest cryptocurrency in the world is vulnerable to a group of greedy, short-sighted children. If you get enough morons onboard with this, it will make people not only hesitate to invest in eth, but it will also threaten BTC since if something as distributed as eth is vulnerable, it makes logical sense that bitcoin would be as well since it too is (not so) secured by PoW tardlets. Sure, there have been 51% attacks before, on other coins, but nobody really cared about those since those were small shitcoins that didn't have much security backing them anyway, but if a network as large as eth gets attacked in this manner or even is shown to be vulnerable, you will have disproven the assumption that more hashrate = more security. You and your fellow imbeciles are running the risk of setting the entire crypto market on fire.

That said, I don't think there are enough people who would act against their own self interest to achieve 51% showing up, but I could be wrong. Maybe the average miner really is as dumb as the people supporting this ridiculous plan. If so, satoshi was wrong, and a distributed ledger based on proof of work is fundamentally flawed.

Agreed completely!