Ethereum's Shanghai Upgrade To Enable Withdrawals Set for April

Ethereum's next major software upgrade, which could make crypto's biggest commercial highway more attractive to investors and developers alike, will take place around April 12. From a report: Called Shanghai, it will let people who pledged their Ether tokens to order transactions on the Ethereum blockchain to withdraw them. Currently, some 17.5 million of such so-called staked Ether, worth about $29 billion at current prices, can't be accessed on the network, although the coins do earn their owners a yield. Ethereum software developers have been working on Shanghai for months, and have finally been able to set the date after deploying a final software test earlier this week. Developers confirmed the target date during a call on Thursday. Once Shanghai launches, that's expected to kick off a wave of withdrawals, though they will be limited to ensure the network's continued security. Waiting in line to withdraw could take weeks or months. However, many investors stake through crypto platforms such as Lido, which already give them some flexibility with their coins.

Should I pay or the paywalled article?

[TheMiddleRoad]

Or shall I just assume that's it's still the just the same old scam?

Can you pay with Bitcoin?

[shanen]

I was thinking of throwing in an FP offering such as "But it can't possibly be as bad as Bitcoin, right?"

However to address your question, are there any books to be read about Ethereum? As cryptocurrencies go (and they usually do go down the toilet), I'm actually pretty sure it can't be as bad and as fundamentally worthless as Bitcoin. Even though I'm inclined to concur with your use of "scam", if'n I read your intentions correctly. Solution approach? Get the politics out of money! [sic]

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[myowntrueself]

I was thinking of throwing in an FP offering such as "But it can't possibly be as bad as Bitcoin, right?"

However to address your question, are there any books to be read about Ethereum? As cryptocurrencies go (and they usually do go down the toilet), I'm actually pretty sure it can't be as bad and as fundamentally worthless as Bitcoin. Even though I'm inclined to concur with your use of "scam", if'n I read your intentions correctly. Solution approach? Get the politics out of money! [sic]

Depending on your perspective, Ethereum is far worse than Bitcoin or far better.

If your the US Federal government set on controlling access to crypto wallets, then Ethereum is great. Its 'proof of stake' so processing transactions is in the hands of majority stake holders. Over 51% of these are domiciled in the USA and routinely get letters from OFAC (Office of Foreign Assets Control) telling them that they aren't allowed to process transactions for specified Ethereum wallets, which have for whatever reason

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[zlives]

all mah tokens been shanghaied

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[madsenj37]

https://gitlab.com/magnolia123... [gitlab.com]

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[Powercntrl]

Ethereum was created for the same reason as every other alt-coin: so people who missed the boat with Bitcoin could have a new opportunity to get in on the ground floor of the scheme. At this point, you might as well just stick with Bitcoin if you want to gamble the market, since the established alt-coins all tend to move in tandem with Bitcoin anyway.

Better hurry up because Ripple's coming for you

[DeplorableCodeMonkey]

Ripple just announced [u.today] an EVM-compatible sidechain is now live or about to be live on their devnet. What that means is XRPL will gain a high degree of compatibility with Ethereum, and developers will be able to use XRPL which is A LOT cheaper than main Ethereum network.

I'm pretty confident based on the signs that the SEC is about to either lose or settle their case with Ripple. When that happens, the crypto market is going to shift from a speculative, fake stock market to a software platform market... and Ri

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[Beyond_GoodandEvil]

Wall St. is salivating at this because things like tokenized securities (aka stock NFTs) are going to make regulatory compliance heavily baked into the system and reduce systemic risk while not hurting big traders.
What could possibly go wrong. LOL.

"What could possibly go wrong?"

[DeplorableCodeMonkey]

What could possibly go wrong. LOL.

Not nearly as much as what goes wrong daily in the stock market in its current iteration.

Here's a little ticker you can research to find out how FUBAR the current system can get in ways that are impossible on a blockchain that isn't inflationary: MMTLP

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[CoolCash]

Why are people still shilling XRP? What about the other 20 EVM compatible chains that make costs cheaper?

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[DrMrLordX]

Is Ripple still centralized?

Re: Better hurry up because Ripple's coming for yo

[hdyoung]

Sooo many internet 8.0 words, but the gist of what your saying is that a single court case will suddenly unleash the latent potential of crypto and legitimize the ecosystem? Consider me skeptical. Understatement of the century.

Where is ShanghaiBill?

[Oryan Quest]

I’m gonna wait until ShanghaiBill comments before making any judgements.

Um... too on the nose?

[fahrbot-bot]

Ethereum's Shanghai Upgrade ...

Isn't "Shanghai" slang for steal / kidnap? So, great name for a crypto-coin upgrade. :-)

shanghai [urbandictionary.com]
Shanghaiing [wikipedia.org]

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[DrMrLordX]

Or people are going to look for asset shelters during a banking crisis.