Miners are never in control of the chain. Node operators are.

I remember Satoshi rolling back the chain.

I run an Ethereum node at home just fine. There’s nothing centralized about Ethereum.

Optimism, Arbitrum, and other Ethereum L2 rollups plan to have decentralized sequencers.

It’s all new technology so they’re taking it slow.

Decentralization increasingly untrue? Ethereum consensus and execution layer nodes are at about 6k, under Bitcoin, and way above other projects.

If the network grows [1] at 2MB/14s that's:

    2/14*3600 = 514MB per hour
    514*24 = 12.3GB per day
    12.3*30 = 369GB per month

Even if the underlying blockchain is decentralized, I have no practical way of participating without doing it via some centralized exchange.

How many nodes will there be if ETH hits $0? What will happen to the services like ENS?

1. https://www.bitrates.com/guides/ethereum/how-many-ethereum-a...

Is the above accurate? Wikipedia says the whole network is 1TB, so that doesn't quite add up for me.

It’s about 1.1TB for full sync geth nodes, and growing. Ethereum researchers are looking into statelessness and state expiry which aim to make it even easier to run nodes with little need for space.

People will continue to run nodes regardless of the price of ETH, just like Bitcoin.

ENS is a smart contract protocol, so I don’t see how it’s related.

I’ve seen people say what you’ve said for almost 10 years now. I wonder when the crypto beanie baby fad is going to die down. Maybe 100 years later?

If that’s the case, I’ve seen way more of that “social engineering” in the Bitcoin community.

At least there are uses for ETH

No, victim himself has said in his post that he doesn’t really dabble in the NFT community

Most L2s will require users to pay transaction fees in ETH. Some will have fee abstraction where people can pay with tokens, but the rollup themselves will still end up paying ETH on L1.

Ethereum will essentially be a settlement layer for rollups, and everyone will be doing their DeFi, NFTs, etc on the rollups which are almost treated like their own chains.

Maybe something like https://login.xyz/