That’s a different argument. We’re discussing the claim that cloud providers could “practically shutdown” Ethereum. Given that there are over 130,000 validator nodes that aren’t running on cloud providers it seems pretty clear this claim is false. Do you disagree?
Yeah very much so. Especially with the new PoS model. ETH is fucked if regulators come for it. Those nodes will be paperweights when the government gives the green light. Way too many legalities and institutions and the corporate banking interests propping up that system just won’t want to deal with it.
That can happen with Bitcoin too but the network is way less dependent on those same things long term.
Real numbers, not made up 430k bullshit.
67% of the ETH network is hosted.
If you look at each block there you will see that it never gets everyone voting on them it’s usually around 1000.
Sounds like they are taking the total staked ETH, dividing by 32 (assuming everyone is only stacking the minimum) to give this made up number of about 430k, it’s votes, not real nodes.
That’s also a different argument. We’re discussing the claim that cloud providers could “practically shutdown” Ethereum.
That’s the proof-of-work mainnet. We’re talking about proof-of-stake validators.
From your own source (which I assume was correct at the time it was posted):
Of these 400,000+ validators roughly 2/3 run on cloud providers. While that’s certainly a lot and worthy of criticism it’s also a lot less that the 100% shown in the graph you posted.
You can call it nitpicking but IMO claiming cloud providers could practically shutdown Ethereum is like claiming a country with a large % of Bitcoin miners could practically shutdown Bitcoin. That’s not how it works.
Ethereum is officially a pos.
NEAR is the way