[everfree]

> We don’t know exactly what happened between 0 and 1, but it’s not really that important, other than it’s “externally verifiable hash”, eg PoW.

Whether or not someone ran a particular piece of software on their computer for ten minutes in 2009, or even six days for that matter, is not important.

> Real Return”. I think the real return is -40% since PoS? And falling? The illusion of yield. It’s the same nonsense they use to get people to buy treasuries with yields under inflation. It’s Wall Street tricks dressed up as yield. That’s all that’s been reinvented here. It’s not some grand hack to bypass “waste”.

When you hold ETH (and stake it, which is easy), your percentage share of all outstanding ETH goes slowly up over time. When you hold BTC, your percentage share only goes down as more BTC are mined.

The "return" is that you accumulate more of the asset's market cap over time. If you don't value ETH, just don't buy it. If you like ETH, staking gets you more of it. The return is real in the sense that it's paid partially by transaction fee revenue, not by simply inflating the network by the same amount as the reward payouts.

> I agree going after the stakers won’t shut it down. But going after the central devs? Remember liberty reserve? Ethereum is just LR, and Solana is LR2 and Sui is LR3?

Alright so Ethereum has ten central dev teams working on ten clients across international borders. Bitcoin has one central dev team working on one central client. Which is more decentralized?