top | item 44118301

(no title)

everfree | 9 months ago

ETH price has been performing poorly lately, therefore PoS is "failing"?

That seems like quite the leap in logic to me.

I'd like to mention by the way that Bitcoin has had two egregious bugs that caused network downtime - once in 2010 and again in 2013. Ethereum has had 100% uptime since inception.

Part of this is due to Bitcoin having one reference implementation and Ethereum having five, so it's impossible for the entire network to run into the exact same software bug.

discuss

order

proxynoproxy|9 months ago

Yes, It’s been performing badly since PoS.

Ugh. Satoshi wrote about this. Lockstep. Single Client = Good. multiple client = menace. I’m ignoring Knots because it’s in the menace category.

Ethereum ignored this wise wisdom and ended up with 5. It’s no good, but in up is down land aka ETH, it’s celebrated. You can’t convince me otherwise.

everfree|9 months ago

> Ugh. Satoshi wrote about this.

I don't believe he did, and I'm familiar with a lot of his writings. Do you have a source?

> Single Client = Good. multiple client = menace.

Two major bugs took 100% of the Bitcoin network down on two occasions.

In contrast, several major bugs temporarily took out small subsets of Ethereum validators several times, but the network remained operational throughout. Due to EIP-1559, the network was not even degraded at all in terms of performance or throughput.

Apparently you're right that I can't convince you otherwise. One network's major bugs have caused major outages, and another network's major bugs resulted in 100.0% uptime still being maintained, and you still think the one with the major outages has a better strategy to defend against bugs.