[sterlind]

proof of stake is extraordinarily complicated to get right. that's why it took so long. not only is the code changing, but so is the entire incentive structure of a huge virtual economy, running the code in a sprawling, Byzantine, decentralized system, while trying to keep a miner's revolt from sabotaging the whole deal.

[worldsayshi]

>not only is the code changing, but so is the entire incentive structure

Is there any good writeup or video essay about how incentives and control will change? I'm a bit sceptical about this part. Feels like ethereum owners now have a big incentive to make this change benefit them rather than the utility of ethereum. Like I heard this will make it even more deflationary which seems like an odd choice.

[throw827474737]

and when the simplest etherum contracts with many reviewer eyes allowed for exploits, how is anyone confident that this has been achieved correctly?

[meowkit]

Because there have been several testnet merges (including a shadow merge of the mainnet) that have been successful and identified issues that have been fixed.

[sterlind]

I'm sure they've found and fixed issues. are you sure they've found and fixed all the issues? if I were a hacker, and I found a juicy bug in PoS, I'd sit on it until merge. either make money by shorting ETH and then wreaking havoc, or sell it to someone else so I don't get my hands dirty.

[sterlind]

exactly! hence why I think this must be the most harrowing software upgrade of all time.