[ANN] Ethereum: Welcome to the Beginning

[zasad@]

Does anybody believe they will actually rollback the blockchain? The Ethereum team have many different issues to worry about. I doubt it will happen and it sounds just as ludicrous as when Binance was hacked and in a video CZ seemingly unilaterally stated rolling back the blockchain was an option. It was (and still is) ridiculous to even take that view seriously.

How do you imagine a rollback of a blockchain that still has several hundred L2 and L3 layers?
It will be more profitable to earn money not on hacking, but on blockchain rollbacks

https://truthsocial.com/@realDonaldTrump/posts/114093946326587357


Donald J. Trump(C)

"And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!

A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!"

[JollyGood]

I will not but advocates of rollbacks have to stop their speculation and accept the funds are gone. I wonder if Tornado Cash is going to be used to mix any of the Ethereum that was hacked from ByBit.

I still look at the situation and can make a distinction between the loss of funds in the hack on one side and the fact ByBit have been freezing accounts forcing their customers to disclose source of funds and KYC.

How do you imagine a rollback of a blockchain that still has several hundred L2 and L3 layers?
It will be more profitable to earn money not on hacking, but on blockchain rollbacks

[zasad@]

I will not but advocates of rollbacks have to stop their speculation and accept the funds are gone. I wonder if Tornado Cash is going to be used to mix any of the Ethereum that was hacked from ByBit.

I still look at the situation and can make a distinction between the loss of funds in the hack on one side and the fact ByBit have been freezing accounts forcing their customers to disclose source of funds and KYC.

How do you imagine a rollback of a blockchain that still has several hundred L2 and L3 layers?
It will be more profitable to earn money not on hacking, but on blockchain rollbacks

I have already written many times that if you trade on centralised exchanges, all your account transfers must be perfectly clean and documented.
And so the trace of stolen coins can be found in many transactions, so traders are always at risk if they fund their account from third-party wallets.AML bot does not work here. Today your transaction is clean, but six months later it is dirty, because blockchain researchers have discovered new traces of hackers.

[Kavelj22]

User activity on the Ethereum network continues to decline, with daily active address activity declining and the rate of new address creation declining significantly. With its price down more than 36% since the beginning of the year, Ethereum appears to be on the verge of its worst quarterly performance in history.

[JollyGood]

This is something I had not really given much thought to before. What would happen in that scenario if a transaction is being categorised as clean today but several months down the line it could be deemed as being tainted or dirty because of historical or subsequent transactions? There could even be conflicting opinions between blockchain analysis companies as to what the definition of tainted is and that will add to the confusion.

Today your transaction is clean, but six months later it is dirty, because blockchain researchers have discovered new traces of hackers.

[Drawesome]

This is something i had not really given much thought to before. What would happen in that scenario if a transaction is being categorised as clean today but several months down the line it could be deemed as being tainted or dirty because of historical or subsequent transactions? There could even be conflicting opinions between blockchain analysis companies as to what the definition of tainted is and that will add to the confusion.

Today your transaction is clean, but six months later it is dirty, because blockchain researchers have discovered new traces of hackers.

At the end, it's a matter of probabilities. If there were a massive use of Ether with constant transactions among millions of users, eventually there would have been some contact with bad actors.

[tokeweed]

User activity on the Ethereum network continues to decline, with daily active address activity declining and the rate of new address creation declining significantly. With its price down more than 36% since the beginning of the year, Ethereum appears to be on the verge of its worst quarterly performance in history.

It's expected with the advent of faster L1's and these L2's popping up everywhere.  Lol.  But among the newer L1's and L2's, I think the ones worth looking into as an investment are Hyperliquid, Base but no token yet, surprisingly Sonic is looking good and the upcoming Monad launch.

These L1's, and L2 in Base, have cracked devs and could be among the top in CMC in a couple of years or so.  So yeah, pick your spots.

Edit:  Going in here makes me feel nostalgic.  Wish I could go back in time...

[JollyGood]

Eventually some contact with bad actors is probably inevitable therefore in the matter of probabilities, it leaves people always and forever having to look over their shoulder wondering if they will be implicated in something that distantly connects them to so-called tainted or dirty transactions. That is not the way people should feel.

At the end, it's a matter of probabilities. If there were a massive use of Ether with constant transactions among millions of users, eventually there would have been some contact with bad actors.

[HarryPorter]

It is not known whether this criticism has prompted Ethereum to act, but the changes are coming faster than ever. The developers have decided to implement a major Pectra update in the first half of 2025.
Pectra – one of the biggest Ethereum updates; is a breakthrough moment for Ethereum users. As part of this implementation, 20 new Ethereum Improvement Proposals (EIPs) will be introduced, which will improve the network's performance.

One of the key elements of Pectra is doubling the number of "blobs" for data availability from three to six. This change will significantly improve the scalability and efficiency of transactions. In addition, the modernization will bring improvements to crypto wallets, which will increase the user experience.

Pectra will hit the testnet next week, and will appear on the Ethereum mainnet in April. This means that users can expect greater stability and improved functionality.
What's next? Another update is already in the works

Ethereum is not stopping at Pectra. After this update, it will be time for Fusaka - another important change that will focus on optimizing transaction processing. Developers had until March 13 to submit proposals for Fusak, and its final version will be approved on April 10. While the details of this update are not yet fully known, one thing is clear - Ethereum intends to be faster and more efficient.

[FinneysTrueVision]

It's expected with the advent of faster L1's and these L2's popping up everywhere.  Lol.  But among the newer L1's and L2's, I think the ones worth looking into as an investment are Hyperliquid, Base but no token yet, surprisingly Sonic is looking good and the upcoming Monad launch.

These L1's, and L2 in Base, have cracked devs and could be among the top in CMC in a couple of years or so.  So yeah, pick your spots.

Edit:  Going in here makes me feel nostalgic.  Wish I could go back in time...

Coinbase is making hundreds of millions of dollars in sequencer fees so there is no reason to launch a token. When listing new tokens on their exchange they have favored tokens launched on Base, creating artificial FOMO and driving activity towards this centralized L2 network.

Sonic presents a better alternative to Base because instead of the fees going to an exchange, they mostly go to app developers which use those funds to incentivize their users. Coinbase might see Sonic as a threat to their business, which is why they haven’t listed the S token, instead giving preference to random Base meme shitcoins.

[pawel7777]

Could anyone help me understand what's the appeal of Ethereum nowadays. Sure, when it was launched, it was a truly innovative and game-changing project, but, unlike Bitcoin, its value lies mostly with its usage, so now, when we have other, similar projects that have the same (or better) functionality but are faster and much cheaper, what's the case for Ethereum? Do the devs have any major improvements in the roadmap to make it more competitive? Or is it all just based on brand value?

[Sir_Cheer]

Could anyone help me understand what's the appeal of Ethereum nowadays. Sure, when it was launched, it was a truly innovative and game-changing project, but, unlike Bitcoin, its value lies mostly with its usage, so now, when we have other, similar projects that have the same (or better) functionality but are faster and much cheaper, what's the case for Ethereum? Do the devs have any major improvements in the roadmap to make it more competitive? Or is it all just based on brand value?

There isn't really an appeal. People just think there is because it's ethereum. To be honest, 99.999999999999999% of projects have no appeal, are vaporware, and don't bring anything new or better. Most of these end up rugging. Like ethereum, Bitcoin is dated. We have projects that do everything Bitcoin and Eth do but 1000x quicker, better, and easier. We have projects that do things that eth/btc don't do at all that are much more useful and feature rich. Eth was good for its time, it built on what bitcoin started and brought something new, but now there are projects building on that and doing bigger, better things. Eth is really an inferior product now.

[summonerrk]

Well, here we are at the level that was first reached 7 years ago. If someone invested during the last year, they are definitely at a loss. Ethereum failed all support levels, and not a cryptocurrency that was leading for a long time right after Bitcoin.
But I don’t want to say anything bad, because I don’t even doubt that later the price will return to 4000, definitely, even if it won’t be a quick process. In the worst case scenario: within four years, when Trump is no longer in power with his strange laws)

[Sir_Cheer]

Well, here we are at the level that was first reached 7 years ago. If someone invested during the last year, they are definitely at a loss. Ethereum failed all support levels, and not a cryptocurrency that was leading for a long time right after Bitcoin.
But I don’t want to say anything bad, because I don’t even doubt that later the price will return to 4000, definitely, even if it won’t be a quick process. In the worst case scenario: within four years, when Trump is no longer in power with his strange laws)

Ethereum is going to get replaced. There are plenty of projects that do everything ethereum does.... but faster, with more features, and lower fees. Ethereum was good for its time, but there are way better projects now

[JollyGood]

When Ethereum was created, it revolutionised the crypto industry with smart contracts. Many projects that would never have received the funding managed to get access to funds because of ICOs that were taking place directly as a result of Ethereum. The most successful and famous had to be Binance.

The ICO era is over and it seems with other platforms available that have replicated what Ethereum currently offers, the space is getting congested and ETH will struggle to maintain a hold as the second largest crypto.

Ethereum is going to get replaced. There are plenty of projects that do everything ethereum does.... but faster, with more features, and lower fees. Ethereum was good for its time, but there are way better projects now

[Drawesome]

When Ethereum was created, it revolutionised the crypto industry with smart contracts. Many projects that would never have received the funding managed to get access to funds because of ICOs that were taking place directly as a result of Ethereum. The most successful and famous had to be Binance.

The ICO era is over and it seems with other platforms available that have replicated what Ethereum currently offers, the space is getting congested and ETH will struggle to maintain a hold as the second largest crypto.

Ethereum is going to get replaced. There are plenty of projects that do everything ethereum does.... but faster, with more features, and lower fees. Ethereum was good for its time, but there are way better projects now

I didn't know Binance was an ICO. I see was in 2017 and with BNB tokens sold at $0.15 each. I entered some ICOs that year and I missed the jackpot.

[zasad@]

https://x.com/VitalikButerin/status/1910506160349921667
My own current privacy roadmap (much lighter on L1 changes, but also more limited in its consequences):
https://ethereum-magicians.org/t/a-maximally-simple-l1-privacy-roadmap/23459

These are my current thoughts on how we can practically improve the state of privacy experienced by Ethereum’s users in a way that is very light on Ethereum consensus changes. This covers four primary key forms of privacy:

"Privacy of onchain payments
Partial anonymization of onchain activity inside applications
Privacy of reads to the chain, ie. RPC calls
Network-level anonymization
This roadmap can be combined with a longer-term roadmap that makes deeper changes to L1, or privacy-preserving application-specific rollups, or other more complex features."

[JollyGood]

In 2017 when ICOs were popping up day after day, investors only had a limited amount to invest in projects. Many of them were scams therefore if you were fooled once, you would not want to invest again no matter how lucrative the project appeared. Binance was obviously one of the those rare success stories but countless others failed.

As with many of these types of investments, you have to be in the right place at the right time otherwise the opportunity passes you by. That 2017 ICO era is over, I doubt we will see anything like that again.

I didn't know Binance was an ICO. I see was in 2017 and with BNB tokens sold at $0.15 each. I entered some ICOs that year and I missed the jackpot.

[chrysophylax]

In 2017 when ICOs were popping up day after day, investors only had a limited amount to invest in projects. Many of them were scams therefore if you were fooled once, you would not want to invest again no matter how lucrative the project appeared. Binance was obviously one of the those rare success stories but countless others failed.

As with many of these types of investments, you have to be in the right place at the right time otherwise the opportunity passes you by. That 2017 ICO era is over, I doubt we will see anything like that again.

I didn't know Binance was an ICO. I see was in 2017 and with BNB tokens sold at $0.15 each. I entered some ICOs that year and I missed the jackpot.

Thank God ...

It is over and NEVER again.

As much as I despise Regulatory interference, it is the prosecutions that happened after all the ICO rush that stopped things like that in its tracks. Though in saying that, now We have VERY Sophisticated Scams going on. But few and far between in the public eye now. The Public scams are simply aimed at those that have always had a leniency to be scammed.

#crysx #cwi

[MarquiseMuseum]

It is the 10th year anniversary of Pimp Fasion, a digital art collection that was ABT* integrated on blockchain in 2017 alongside a fungible ERC-20 vault pre 1155/721 standards (NFT). *(Asset Backed Token, commonly using fiat or gold)

Marquise Museum is the progenitor of vault systemization for blockchain based art assets with business patent study 1800-14-04 (2018). The benefits of fractionalization is better liquidity, DeFi functionality and Branding.

The original collection is published here together with all 2017 vintage provenance in the description section of the NFTs:
https://opensea.io/collection/marquise-museum-s-pimp-fasion-os-2

Anniversary update is launching today and will be named Kanji Fusion 1+2:
https://opensea.io/collection/kanji-fusion-1-by-marquise-museum
https://opensea.io/collection/kanji-fusion-2-by-marquise-museum?sortBy=created_date

Supply is fixed at ~40+40 assets x100 (8000 NFTs) for both collections. $16 floor.