As we all know, Ethereum just pulled off its massive Pectra upgrade yesterday.. and guess what? It went off without any issues, completely flawless, smooth, and honestly this is a big middle finger to all the FUD spreaders out there. OxCygaar, a software engineer for the Abstract chain, said on Twitter Pectra was like
'upgrading an airplane's engines mid flight,' and he is right. A decentralized network like Ethereum, with thousands of nodes worldwide, just upgraded 11 major improvements and without even blinking.
Meanwhile centralized systems can barely update their servers without crashing, do you see the difference here?
The haters always say Ethereum is too slow, too clunky, or cannot scale. Pectra just doubled blob capacity for L2 scaling, made wallets better and improved user experience a lot. User experience is what is most criticized in the Ethereum ecosystem, and that is what is being improved.
I gotta admit I was losing hope considering selling off ETH and throwin it in BTC. It seemed stuck, a damn stablecoin. But then you read about these live upgrades. Switching over to using 99.8 percent less electricity live. Despite all the 51% attacks and miner revolts. Now this most recent upgrade again done live and flawless. Much of blackrocks crypto plans involve the ETH blockchain and finally its pumping again, setting off an altcoin season. Reminds me I got into ETH as the tech fascinated me. I have no clue if this pump will last but my hopium in ETH is restored.
Also curious to see if this bitcoin breaking 100k again is going to set off a new ATH, personally I think it’s too soon but my predictions about the future are pretty much useless. I haven’t been to active buying anymore just staking and finding ways to get a good APY without incurring risk. I sold a few things, guitars and amps for ETH or btc. But it’s good to have that appreciation for ETH back. It was my first “full coin” purchase I can’t remember what my first one cost I think it was double digits. If I knew then what I know now I, well we all have those stories.
Definitely should not have bought the railmaster with bitcoin I think that was right before the Biden admin did chokepoint 2 which completely screwed my DCA which had been ongoing flawlessly but it’s not like I was the only one impacted it’s not like they targeted me in particular.
I hope ETH has a nice run, it’s not so much about the money as the camaraderie, funny memes and realizing your thoughts on magic internet money when everyone was scoffing at it were at least partly right.
Wen Lambo?