Community Trust ScoreLikely Real
Stevan Lohja expressed: Go-Ethereum has had a few splitting issues in the past year or so. An Ethereum Classic treasury would reduce ETC’s security budget dependency on ETH.
Dr. Got Freedom: Calm down that treasury talk until well after the ETH merge to 2.0. You’re so thirsty for it; it’s obvious it’s not about the ‘betterment of ETC’; otherwise, you’d be promoting ETC as opposed to using old FUD to sell the treasury. After merge will prove treasury unnecessary.
Stevan Lohja: Being honest about ETC’s security budget is absolutely for the betterment of ETC.
Dr. Got Freedom: So you’re trying to tell me that when miners turn to ETC after ETH mining is obsolete, the network is going to be less secure.
Stevan Lohja: I’m telling you ETC’s security is dependent on ETH 1.0’s dwindling innovation budget.
Dr. Got Freedom: Thank god it’s a PoW network where the more miners mean, the more secure the network is. That’s the real issue you guys know your window is closing to milk money from a treasury because it’s absolutely unnecessary after 2.0 and the miner shift.
Jared Brown: If big money wants a treasury, it’ll happen, period. All I hope is that it is not 20% and that it’s not perpetual.
Dr. Got Freedom: They’re only looking to do it because of how many miners are about to shift to ETC. It’s pure fucking greed. Nothing else. Won’t do anything for ETC except for alter the fundamentals and open the door for centralization and PoS.
This discussion took off in response to a news that, a bug affecting older versions of a major Ethereum client is causing those nodes to split from the main network. Reportedly, this affects around 54% of Ethereum nodes.
The bug was found in an audit.
Martin Swende, Ethereum Foundation security lead, tweeted: “A consensus bug hit #ethereum mainnet today, exploiting the consensus-bug that was fixed in geth v1.10.8. Fortunately, most miners were already updated, and the correct chain is also the longest (canon).”
Ethereum core developer Tim Beiko stated, that three mining pools appear to have been mining on the wrong version of Geth, including Flexpool, BTC.com, and Binance. He said Flexpool originally reported the issue, so he was aware that developers are getting in touch with the other two pools.
Reportedly, the concern is that this could lead to double spending attacks, where cryptocurrency is spent, but then the transaction can be overwritten by the alternative chain.
