https://x.com/arbitrum/status/2046435443680346189?s=20They had the power all along to freeze any address's funds and take their crypto. Can't even cope with "not your keys, not your crypto" here.
>>62138188My crypto is on ETH, so its my keys & my crypto
>>62138188All L2s are centralized, this isnt news.
>>62138253This is a different story in that this L2 has the power to spoof your private key. That's NEVER in the discussion of discussing if an L2 is centralized. When L2 and centralization is discussed, it revolves around the ordering of transactions and who controls the nodes.
>>62138290Well youre gay? So yah.
>>62138188Every l2 is a centralized scam
>>62138290It's not the private keys they control it's the tokens.
>>62138290>to spoof your private keyno lol. this is very different
>>62138910>>62138917So what is it then if I run a chain and can take possession of your ETH or whatever coin in your wallet? I know USDC can blacklist wallets, is it this at protocol level?
>>62138931>is it this at protocol level?Yes, they can move ETH since it is the chain's native token. Moving ERC20s would be more difficult. What they can't do is impersonate the address, i.e. they cannot forge signatures and pretend to be the private key owner
>>62138967What else are they capable of doing that people should be aware of if the security council comes together to conspire against them? Being able to restrict your wallet and deprive you of your own ETH is a really really big deal.
>>62139424No it isn't. it's been known for centuries that L2s were always centralized and now that skellyman denounced them there's no incentive for otherwise
>>62139448The discussions of centralization were around node transaction handling. Not being able to control the the very ETH in your wallet. You are conflating things.
>>62138188This is why I hold LUNCthe only truly decentralized chain
>>62138188> executed a technical approach to move fundskek, L2s are so worthless. ethereum should have never gone into that direction so heavily. it was obvious that the devs would never give up power within their own rollup.
anything kikes do is a scam
>>62140324Let the goyim deal in the real world
>>62139424They can do things that a typical validator set can do. This is like arguing that mining pools can conspire to fork the chain. Can they? Sure. Is there an incentive to do it? Not really.
>>62140513>They can do things that a typical validator set can do.And I want to know what that entails. If some entity mindhacked all the nodes in the BTC network or in the ETH network, they still can't take your crypto. All they can do is censor your transactions. To insert fake transactions and rewrite history, they'd have to go through the network to rewrite each node's history individually to recreate the blockchain. What Arbitrum did is out of the scope of what you'd expect from a validator set. So what can they do?
>>62140566>they still can't take your crypto.That's not correct. Blockchains are not immutable, they are democratic, and anything can change at the protocol level simply by changing the node software. There is an active proposal right now to censor Satoshi's coins, and if/when bitcoin decides to fork into quantum resistance, those coins will be de facto censored.
>>62138408Eth is a centralized scamEVM is a dogshit idea that only got traction because of its ability to be gatekept, controlled, and manipulated.
>>62140574yeah but this is not what we're looking at here. they didn't fork the smart contract or anything like that. instead there seems to be a mechanism in place right now that allows the arbitrum conceal of gigafags to move user funds to another address.
I remember the chainlink schizos and how they believed arbitrum was also chainlink lmfao
>>62140574>That's not correct. Blockchains are not immutable, they are democratic, and anything can change at the protocol level simply by changing the node software. There is an active proposal right now to censor Satoshi's coins, and if/when bitcoin decides to fork into quantum resistance, those coins will be de facto censored.And all the nodes have to consciously upgrade to this new software version. At the very least there's still a democratic consensus at node operator level to accept such a proposal. That's still an acceptable level of decentralization.>>62141600>instead there seems to be a mechanism in place right now that allows the arbitrum conceal of gigafags to move user funds to another address.Exactly. The only people who have access to this feature is the security council who WE have zero control or influence over. These guys are too weak to sing "Niggas in Paris" in front of their own mirror without breaking down due to guilt over patriarchal oppression and the lamentations of the oppressed.(They're not on the council, but this is example of the folks in the industry)https://x.com/PatrickAlphaC/status/2012634410764398795?s=20https://x.com/va_joe/status/2042239851387290022?s=20Are we to honestly believe that if the FBI comes slamming on the door, they'll be "decentralized" enough to reject an unjust order to move X user's funds? What do in
>>62138188This. BUMP
>>62141991>And all the nodes have to consciously upgrade to this new software version. At the very least there's still a democratic consensus at node operator level to accept such a proposal.Kind of. In practice, only the main hashrate contributors matter, and that is a vanishingly small group. The classic hardline thinking about decentralization just doesn't comport with reality for any blockchain anymore, and likely never will again.
>>62138290Are you retarded?
Man I wish I sold my eth a few months ago.
>>62138188going to be a fun time when these security council members have to argue against a government agency or military request to freeze fundslook at how badly Anthropic got shafted
I don't understand why everyone is shitting on ETH?If Dumbledore supplied Hogwarts students with Quidditch equipment and a group of Slithering students made their own tournament with modified rules and didn't invite other houses to play how would that be Dumbledore's fault?
>>62146505Because for years, L2s were shilled as the future of eth and the solution to the gas problem. Even skelly was promoting this before pulling the rug.
SOMEBODY GET THESE FUCKIN NOOBS OFF THE PLANE!!
Literally everything in crypto except bitcoin is a scam
