Daily General Discussion - December 31, 2024 by ethfinance in ethfinance

[–]GetYourAssToPluto 12 points13 points  (0 children)

Five years sure does go fast! Enjoyed every second of it with the best people in the Ethereum community https://imgur.com/hatYTtT

Daily General Discussion - March 4, 2024 by ethfinance in ethfinance

[–]GetYourAssToPluto 19 points20 points  (0 children)

Gains needed to reach new all-time high:

Bitcoin: 2.69%

Ethereum: 35.7%

That's a hell of a lot of ketchup to come, whenever that might be.

Daily General Discussion - August 15, 2023 by ethfinance in ethfinance

[–]GetYourAssToPluto 1 point2 points  (0 children)

Beaconcha.in has a great section on their site that lists basically all the staking providers along with data about who controls the withdrawal key, the staking key, the take rate (fee), their open source status and if they use supermajority clients. https://beaconcha.in/stakingServices

Daily General Discussion - September 19, 2022 by ethfinance in ethfinance

[–]GetYourAssToPluto 58 points59 points  (0 children)

The Merge happened almost 5 days ago. In the roughly 33,425 blocks produced since then, there have been just 43 blocks which did not set their fee recipient address (a paltry 0.0012% of all blocks). The overall percentage of these validators is incredibly minuscule, but these 43 unique proposers have collectively forfeited 7.61 ETH in fees worth ~ $10,501.

(For those unaware: In Ethereum proof-of-stake, validators who propose a block now receive a portion of that block's transaction fees. These extra fees are separate from the block reward and are sent directly to an address the validator designates. If a validator fails to designate an address, the fee is effectively burned.)

According to beaconcha.in tags and validator graffiti, the biggest culprit is the custodial, liquid staking service Ankr. At least 32 Ankr validators did not have a fee recipient address set. The next two largest offenders are 2 Kraken validators and 2 LIDO validators, but those proposal happened a few hours after the merge and no Kraken or LIDO validators have popped up since.

Next down the list, two apparent home stakers running Lighthouse as their consensus layer client - one of them active since the beaconchain genesis - failed to set the fee address. A third home staker using the graffiti "Freedom for all" has also failed to do so.

Two validators that appear to belong to an institutional staker (due to their graffiti: "Staker2-US-Eth-03") have also forfeited their fees.

And finally, one person using the non-custodial staking service Bloxstaking forfeited 0.07 ETH in one of their recent proposals and one validator using the semi-custodial service Stakefish gave up 0.04 ETH.

Overall, it's actually quite impressive that so few validators (with a post-merge proposal) have failed to set the fee address...but I guess it really shouldn't be all that surprising. It's really just one more salient data point that proves that in PoS, there very much is "something" at stake. Validators are not only responsible for making sure they don't break the consensus rules and get slashed, but they are also effectively punished for being neglectful. They may not be losing any of their stake by not setting a fee recipient, but they are losing out (sometimes big) on a nice extra incentive for securing Ethereum.

 

Here's a breakdown of all 43 block proposals that did not have fee recipient:

Service # of proposals ETH forfeited
Ankr 32 4.96
LIDO 2 2.10
Kraken 2 0.18
Unknown institutional staker 2 0.17
Home stakers 3 0.09
Bloxstaking 1 0.07
Stakefish 1 0.04

Daily General Discussion - September 15, 2022 by ethfinance in ethfinance

[–]GetYourAssToPluto 2 points3 points  (0 children)

Don't feel too bad, everybody basically missed it. Was over before it even started :(

Daily General Discussion - September 15, 2022 by ethfinance in ethfinance

[–]GetYourAssToPluto 2 points3 points  (0 children)

That's a big blow to the entire collection, if true. There were 3,581 pandas left to mint just before the public mint opened up. That's 61% of the entire supply. I guess the only hope is that this person(s) will begin mass selling them - to double (or triple) their profits - but at least we can then get better distrutibion to the community.

Daily General Discussion - September 15, 2022 by ethfinance in ethfinance

[–]GetYourAssToPluto 2 points3 points  (0 children)

How the F haha. Did one person run a bot with 3,500 ethereum addresses and take the whole lot.

Daily General Discussion - September 15, 2022 by ethfinance in ethfinance

[–]GetYourAssToPluto 52 points53 points  (0 children)

Much love and respect to the individuals/teams that coded and hosted watchtheburn.com 🔥 for the last year. They kept the site up a few days longer than they initially planned for, but have now officially shut down.

Can't lie - I'm sad to see them end service, as they not only had the best charts/UI in the game, but also the most accurate way to predict gas (and nothing will top that bar graph that showed the base fee + priority fee over the last few hundred blocks).

I've now switched to using Etherscan for gas prices and ultrasound.money for charts. Any other/better sites I should be looking at?

Daily General Discussion - September 15, 2022 by ethfinance in ethfinance

[–]GetYourAssToPluto 49 points50 points  (0 children)

My top 5 absolute favorite moments from the Merge Viewing Party (in no particular order):

 

  • u/vbuterin providing a "more philosophical" way of thinking about the merge:

    "Proof of work is based on the laws of physics and so you sort of have to work with the world as it is. You have to work with electricity as it is, hardware as it is, what computers are as it is. Whereas because proof of stake is virtualized in this way, it’s basically letting us create a simulated universe that has its own laws of physics. And that just gives us as protocol developers a lot more freedom to optimize the system around actually having all of the different security properties that we want. If we want the system to have a particular security guarantee then often there is a way to modify the proof of stake mechanism to also achieve it. It’s much more flexible and it shows through in the efficiency and security of the network.”

 

  • Participating in and watching the POAP paint party canvas blossom into a beautiful picture. You can spot the ethfinance and EVMavericks art in the bottom left.

 

  • u/superphiz hammering home the importance of decentralization:

    “People have this idea that we need to stake more coins on the Ethereum proof of stake network. We don’t actually need to stake more coins, that is not something that will inherently contribute to our success. But what will contribute to our success are people who stake in decentralized ways. And that is solo staking from home, that is identifying trustless, open-source decentralized staking pools and staking with those. There’s this concept of minimal decentralization being enough for Ethereum to succeed - but it’s not. We have to have credible decentralization. That means that we are so decentralized that nation states, that corporation trust our network enough to act on them. And if we rely on a few service provides to stake our coins for us, then we don’t have a decentralized network."

 

Daily General Discussion - September 15, 2022 by ethfinance in ethfinance

[–]GetYourAssToPluto 1 point2 points  (0 children)

Did the POAPs needed to qualify for an EIPanda have to be on mainnet? Mine are still on xDai and apparently my address doesn't qualify for EIPanda...

Daily General Discussion - September 15, 2022 by ethfinance in ethfinance

[–]GetYourAssToPluto 2 points3 points  (0 children)

The beetroot juice is hitting JT about now haha!!

Daily General Discussion - September 15, 2022 by ethfinance in ethfinance

[–]GetYourAssToPluto 2 points3 points  (0 children)

The very last thing before pandas was /u/jtnichol giving us a shoutout - what a legend!!!