Topic: Will Censorship be the end of the Ethereum Network? - page 2. (Read 288 times)

Well, once it's no longer censorship resistant, it's no longer decentralized because much of the cryptocurrency ideals like censorship-resistant, immutability, true public consensus, etc work handinhand. If one is compromised or weakened the network becomes centralized and less secure.
PoS is anti- decentralization and should never be encouraged by any right thinking person. It helped in turning the network into zombies and could actually be considered dead/dying. So, it's best to use it with what you can afford to risk, or avoid completely.

Some devs will pull out but I highly doubt it will be the end of eth network. Eth is PoS now and such is expected. If other networks did not die doing the same thing I don't see how eth will be affected because of that with the size of its user base. They just have to get use to this new changes.

That’s correct, I don’t think censorship will be the reason of a set-back for ETH, it won’t die easily.
ETH push this update because it can help their network more competitive in the future, and I believe they did it right. It’s the trend now where a project ship into a new network to address their current issues, it seems very effective to other project as well.

You just lost confidence on ETH that is why you look at it as dead project, in reality ETH is thriving.  People who are into ETH will keep using it no matter what is the condition of the censorship of its network.


I don't mind what happen to ETH, I long abandoned it when it gas fee become insane.  About a project that can surpass ETH, there are many potential candidates but it is hard to say if those candidate will really surpass ETH.

Developers moving to another network? Like networks that also suspends or halts transactions whenever attacks or exploits happen to one of their platforms? Those same centralized networks? That is not the end of Ethereum. Most users are already aware of such censorship but they still support it regardless.

They are already trying this with the stupid Bitcoin mining energy consumption agenda. Ethereum fell for the trap and what worsened was their very high transaction fees... lol

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POS or not, Ethereum is still a very large network compared to other altcoins. From the beginning, their selling points were transaction fees and smart contracts. I don't think any other shitcoin like BNB will overtake them in terms of adoption, but they certainly will drop further down way from Bitcoin from many points.

I wouldn't call it dark, I would call it as logical and realistic as possible. Look around you, almost the entire industry has been influenced by kyc and regulators. Most countries around the world have created their legislative frameworks and taxation for cryptocurrencies. And all of this is part of centralization and control. Any centralized exchange that supports kyc and aml policies can block and confiscate cryptocurrencies. Also, cryptocurrencies have political censorship and sanctions that prevent certain citizens from using cryptocurrencies and using services. That's a full-fledged control and regulation.  How do I see the future of cryptocurrencies? Fully regulated. Alas, there is no trace of the original intent of cryptocurrencies themselves. Cryptocurrencies were supposed to fight the oppression of central banks and governments, but that's not how it turned out. These same bankers and governments control cryptocurrencies and dictate their terms. People do not use cryptocurrencies as an alternative to fiat, they seek to exchange cryptocurrencies for fiat, through various speculations.

Governments will continue to increase control and regulation. The reason for this is that once worthless coins, once worth very little and taken seriously by few, have become worth very much and a huge value has been transferred through the blockchain. Billions of dollars. Now it is a full-fledged industry, and governments, along with banks, will not miss the opportunity to make it all work for them.

Well Satoshi's vision was for Bitcoin and not Altcoins, i'm afraid, that was what he stood for: Bitcoin being decentralized and the algorithm to bring coins into circulation being the proof of work mechanism, and it is still that way. Ethereum and quite a lot of other altcoin projects are rightly centralized and there is prolly no alternatives in the altcoin industry. But the Bitcoin network is still decentralized thus far, not that it isn't targeted by governments and regulatory bodies, but there is as yet no change in how Bitcoin operates/has operated, thus i'd not talk about the end of decentralization just yet because we haven't gotten to such end.

Even before the censorship issues, many people only use the Ethereum network when it is absolutely necessary I think Ethereum are missing the main issues of target, I think this recent energy they are putting into other developments should be directed towards the transactions issues on their network, with so many options available now it's becoming a tougher competition for Ethereum.

No that Ethereum is the one Altcoin I would first hold if I had larger capital, it already has the history, solid team backing and popularity let's see if it would still have longevity.

Well, you look like you must have an even darker vision than I do for the future of cryptocurrencies. So, does it mean that you believe we are just watching the beginning of the end for Decentralization and everything that Satoshi's main vision stood for? Do you think we are heading to complete control with no alternatives?

None. All the big PoS projects that provide a platform for smart contracts are centralized and subject to censorship. Do you think other networks offer something decentralized and free of regulators? Not likely. Ethereum was apparently the last platform to run on RoW. Blockchain is slowly buckling under centralization and regulation. Tokens and coins are trying to fit under securities law so that they can be regulated and fully controlled.

I think that Ethereum going to proof of stake pretty much sealed its fate as far as censorship goes. Most of the blocks being confirmed these days are complaint to whatever standard of processing transactions that the government has set forth. I imagine in time all of the blocks will be, otherwise funds will start being frozen. Ethereum is definitely the biggest target of blockchain regulators at the moment, and I’m sure such censorship will attempt to find its way to Bitcoin in the future. Although I’m sure they’ll try to steer Bitcoin towards PoS first to make their job easier.

With the recent issue with Tornado cash and some other users complaining about transactions being censored over the ethereum network we are seeing a wide range of problems coming in. Apart from this behaviour being everything that Satoshi did not advocate for, it goes against all the principles that cryptocurrency stands for. Well, for me Eth died back in 2016 with the DAO event and with the recent events and the POS fork and see it as dead.

Of course that even so, Ethereum is still the leading network but slowly developers are turning to alternative networks, so the future of ethereum may be compromised.

What are your thoughts on these recent events? And what project do you guys believe could surpass Ethereum?