That’s not what was said. You said even if the coins are transferred to another wallet, it could be tracked to a new reddit account. It can’t.
Idc about the value of Ether itself. If it maintains a healthy valuation in real world terms, that’s all that is needed to secure Ethereum. I don’t need to trust validators to know they are doing their job, that’s how the system is designed. Validators should make sure that state integrity is preserved and that’s about it. If they don’t, their stake gets reduced and can even go to zero. This is exactly what it means to be trustless. The valuation of Ether is only relevant to the point that it retains enough value that attacking the network becomes prohibitively expensive.
Market manipulation is a function of people and non-transparent dealings. If anything, fully onchain finance would allow information asymmetry to be reduced so that regular people can beware of such frauds.
Are there con artists? Of course. Why would that make me not try to build a better system than “regulated finance” which is the same, if not worse, deal but where I am not allowed to participate by regulators who act as gatekeepers.
Ether by itself is useless, its value is determined by how much demand blockspace on Ethereum has. This is a better system than my government imposing capital controls and taxing the shit out of me without even giving me a good bus to ride on to work.
Anyway, like it was said, if you don’t get it, it’s not really my job to convince you, but I hope you don’t go around spreading misinformation like you are doing right now.
No, they can’t. How would an EOA created in any standard wallet be linked to a Reddit vault?
Yes, but they can’t be linked to a reddit account, which was your whole point.
You can transfer it to a wallet that is not linked to reddit.
And Ethereum is not like Bitcoin anymore, so the environmental concerns are reduced.
Socialism is actually full daddy-state.
Communism would be a stateless existence.
If I could replace my government with the EU, I would not hesitate.
I never understood books that romanticised summer. Like wow you love 40C weather at 90% humidity with a chance of getting a heat stroke in less than an hour?
This makes it sound like you ate his shit…