🎤 PoS, The Merge, and the Future of Ethereum - Skylar Weaver

[Applause] [Music] Because Brother Knight Spielberg, the Grammy winner, this is the time, but well, let's begin, and today we're going to talk about this. We're going to talk about ICT teachers and the March. I work with the Foundation for Strong Growth with the detection team, and in fact, the NAFTA is coming to Bogotá this year in October for the first time in South America, and I hope we'll see you there. And for those who are watching now, we have a space where you can apply for a discount, the discount jacket, especially for the Latin American participants. We have discounts for Latin America so that they are more accessible to the NAFTA.

And for the public, it's closed, but we're opening it for this specific event. So if you want to apply, there's one here, and you can also find us tomorrow with a bus in the center. But today we're not talking about NAFTA, we're going to talk about ICT teachers and the March. And initially, I was going to talk about something more technical, but we're going to talk a little more about the basics, about why we're changing to ICT teachers, because the March is coming, and the basics of Professors, take this, please, and we'll start with the linear film. What do we mean?

Well, we want a global system that is credibly neutral, and that's the most important thing—incredibly neutral. And to have such a system, we need that system to be... well, there are many independent people, and how can we have... how do we get a system that is... or by breaking...

many independent people online, virtually... and the truth is, it's super difficult, it's difficult because it's super easy to make copies of yourself online. You can have computers or... help... it's in some...

front, in 30 places, and you can pretend to be more people than just yourself. So we need... we need to prevent this. And the copies of a person called Seve... another name...

says Bolt... and we need civil protection to have a system that is terribly neutral, that is incredibly... managed by many, many people around the world. And both Professor State and Work himself are protection mechanisms, protection mechanisms. And so what are they?

What are they, Professors of Team Lewis Work, really? What are they? They are scarce resource tests, like Scary Resource. And why a scherzo resource? Well, we need something that's difficult to copy, difficult to change, so that it's not easy to pretend how to eat.

It's more about having more influence over the system. So what is something that's difficult to duplicate, to copy? Something is already difficult; it's an economic value, like capital. And really, Professor Steak, as a group professor, as a professor, who are roof of capital, as proof of capital, proof of money, both start with money. Professors, that you have money, with that money you buy things, do things, and you demonstrate that you have it by being where the bets are, bought favors, that you have money, you buy energy to solve assertive problems, and use these results to demonstrate that the money was spent.

But in both cases, you start with money, capital. Both men of capital, in both cases, you can't copy or duplicate the capital to try to increase the influence you have. And so Professor PSDEG and Professor, who help ensure that the system is managed by many different people, is incredibly important, and that helps guarantee credible neutrality with the network of firms or whatever. And so, well, that's a little bit of why Professor Steak... It's here, please, because we need it.

Well, because Professor State is firm, it's changing to Proof Albert Steak. But first, before we start with that, I think it's important that we answer the question of whether Professor Steak is better than Professor Work in every way. I say that because some people have told me that, and the reality is that in all of life, in all cases, there are trade-offs and opportunity costs, and there isn't one system that is better in every way than the other. I thought they should just be fair, and we also covered a little bit of the advantages of Professor Work, because there are some. One of the first, and what's been talked about the most, is that Professor State requires a wiki on success, and Professor State doesn't.

Basically, what that means is that if the current status around you goes offline for months, you have to rely on a friend or a colleague or a service to get the latest status. And well, the degree of this objective exists less in Professor Work, but it still exists in some ways, like how you're buying from developers, clients, and the... Genesis blocks and initially the Haitian bonds, but if there is less of another possible advantage, which is that attacks on the Professor are more detectable. What it really means is that if they are going to attack, the purchase of billions of dollars of mining hardware is probably remarkable, but with this, I would say remarkable is something unstoppable. And it's another thing if they can program an attack as if they really need to find them physically and attack them.

But, well, it is more remarkable before. And three, the Professor has a better token distribution away from the miners. What it means is that it forces miners to sell part of the sugar and reward to cover the cost of energy and hardware. And that exists more or less always, but it exists more, as to be a miner you have to be using much more energy and you have to be almost constantly paying the rewards that the protocol gives you, and that is better for token distribution. And well, if you want to learn more about workers of state, I recommend these two resources: one is an article by Vettel, and the other is a because Justin Gray and linear English and if I recommend this if this is a topic if they are good and well it's exact and well then this, these, we already talked a little about the possible advantages of please, so why are we changing to ProfStep and these advantages of ProfStep that exist and the truth is that they allow and opinions, at least there are in the country and there are some advantages of please, but there are many more advantages of ProfStep and in general it is a change that makes a lot of sense to change ProfStep and we are going to cover six advantages of ProfStep that exist on the network with so many machinations, the first is that PSDeg itself gives us greater security and what is my old man is that he, well, that security when we talk about security problems, security is the amount of dollars needed to attack the chain and it is like 51 percent control over the network and how many dollars do you need to have this 51 percent control and ProfStep offers approximately between 5 to 10 times more security for the same cost and so what it means is that an attacker would need between 5 to 10, 5 to 20 times more capital to carry out a 51 percent attack served in Profes Take versus the philanthropist work and the numbers if you want to see the calculated actions you can see this article by Vettel where he shows them and well when we talked later I said the prophet that offers more security for the same cost and when I said cost well what is the cost of what are we talking about the cost is what we have to pay to incentivize the ballers that we have to pay the values ​​for the fires is to incentivize them because they protect the network and we pay for it in emissions of being like Black River and with Profes Take we can reduce emissions to achieve equal or greater security than what we have with Please AM and with fewer emissions we can get more especially to a point where more money is burned than is created with this well we can get to a point where the offer to do this plan seminar and this is where the meme of others have sent Manning came from what you can see here where we have an offer figure that is decreasing and well with an offer to do that is Having available, we will possibly have a higher ISR price, which means a higher cost to attack the chain of professionals.

Well, and you can see it very easily here with another point of the same name. What it's saying here is, on the left you can see how much we are burning each year. We are burning 2.7 million each year, and this is for each transaction you make, because the rate is 1559, and you are burning ISR. [Music] On the right you can see how much we are issuing, like printing, and now before dawn we are printing 5.

5 million each year, and we have an inflation rate of 2.3 percent each year. And after the mark, you can see that after we have the professional state, you can see that the government bonds are not going to change, but the bonds we are issuing are going to drop by about 10 times less, and we are going to issue about 10.6 million each year, which is going to give us a rate of Inflation to negative 1.8 percent means that it will spread, decreasing from this inflationary...

well, another advantage of ProFTS is that it gives us more decentralization. How does it give us more decentralization? Well, let's imagine an example of how to become an independent software miner. You need to invest millions of dollars in creating your own mining farm to be your own independent miner. And today you can invest less, but you'll be entering a pool, a manipulation, and this is contributing to the feeling of being king.

You can invest less and be a miner, but it 's not profitable. You feel like you're investing less, I don't know, it's not going to be profitable, it's not going to be sustainable. And we see another example of how to become a ProFTS miner. Well, you don't need any special hardware. You can use a Blackberry for $300 or the computer you have with you right now.

You just need the 32, which you can buy from friends or through extinct exchanges or whatever. And now, the 32 and 3 cost about $55,000. Yes, it's a lot for some and a lot for many, but the truth is it's not much compared to the millions needed to be your own mining farm, your own manpower report on Proof Work. And if you're under 32, interested in Proof Work, you can join this decentralized king pool, like racquetball, others that are being created, and that's not Mine Impulse. The Sun Curledons don't really exist on Proof Work.

And well, because becoming a leader is more accessible to more people, it means we have more decentralization. Okay, well, another advantage of Proof Work is that it will give us more resistance to the elevator. And let's imagine another example: if the government wants to locate the big Proof Work miners, well, it's easy, they just have to ask the electric company to locate those who are using a lot of energy, or use heat mapping technology like it's done for growing marijuana. Well, if I want to locate a big leader of Proof Work, it 's not so easy. The low energy usage makes the miners harder to locate, and the most important thing, I think, is that even if they find the validation machine, the team, the competitor...

Destroying the machine doesn't destroy Twitter. If you still have the keys to Twitter, you can start again with another competitor in another operation, or you can still take out the leader of the network of CTC professors. That's why the IFE, or the Professor State, gives us more resistance to the elevator, and that's not hypothetical. We already saw that last year the Malaysian police found a black and legal miner with 1,069 mining rigs and used a crusher, as this equipment is called. The crusher separates to destroy them, and when they destroy them, if you have the money, you lose the possibility of being a miner.

But if these machines were there to make you kings, and you still had the keys, the keys to your Albert, you can restart the real dollar somewhere else. Well, another advantage I think I have is that it's more environmentally friendly, and well, there are some in the product work communities who say that the Professor incentivizes green energy, but the truth is that That's not how it is. The professor encourages the use of green energy, and in some cases, green energy is the cheapest, but there are many instances where the cheapest energy is n't green. And why are professors saying it's more environmentally friendly? Well, we imagine the difference.

Professors, who really only take extra steps, and in favor of it, well, how does it work? Instead of making steak with your capital, you need to use it to burn energy and solve a problem. It's assertive and demonstrates that burning energy and capital results in this process. While in Professor Steak you only demonstrate that you own the capital by temporarily putting it into the steak, and you don't have to burn it, you have to use it to burn energy. So with Professor Steak you can drive with less than 10 watts.

And well, with Professor Steak, what can we say? And Ambrosius says that its energy emissions are 95 percent lower, and we are super excited about this. In a month, the optimal advantage of Professor Steak... This will give us an idea of ​​how much... so if you still don't have an idea, try it out...

listen to me now because I'm going to give you an idea that I have... that we have... and well, the advantage of the Cannes professors who proved this... and we have the best recovery from attacks. And I think there's another myth within the community, which is that they say 51 % attacks are not viable for self-secured chains like Bitcoin, like Fibonacci, like some others.

But really, to attack Bitcoin with 51%, and I mean really, it costs between 10 and 20 billion dollars. And if that's a lot for you and me, that's a lot of money, and we're not going to attack. We're not going to take it now. But for the states, not really... there aren't many budgets.

For example, China's defense budget in 2016 was 1.146 billion dollars for a year. The US defense budget in 2021 was 745 billion dollars, and with a 51% attack, well, 22, 20,000 million, or even 50,000 million. Millions is nothing to them to attack from, well, the candle. So in my opinion, we'll see big 51 percent attacks to fulfill, say, others in our lives, and that's why it's super important that we have the possibility of recovering from attacks.

And in the Professor, attacks are much easier to recover from. And why is this? And why does it work? Well, it works like this because in the Professor, the captain is outside the system. So if someone is attacking, you can't know which miners are attacking; you don't know where the attacking miners are, and you can't pay them off.

Meanwhile, in the Professor Steak, the capital is inside the system; it exists, and if someone is attacking, well, the attacking capital is visible and can be forcibly removed or erased by community intervention. And this is an example where the Professor Steak is like the best, much, much better than, please, because in the Professor Steak, it's really not possible to recover a profit. In the Brokers Take, it is possible to recover. And here comes a checkmate, funk projected. And well, the idea more or less goes like this: if a 51 percent attack goes...

To get through this, we need to resist it. We need to first identify what's happening, and we need simple and easy tools so that people, as you remember, can identify and understand what's going on. We need esports tools that tell us if the network is under attack, and if it can also tell us how they're attacking, like who the validators, or the people or states attacking, will help us to do a community intervention to recover and save the neighborhood network. Dashboards really shouldn't be that difficult to create. The data exists on the network and can be a good checkmate.

We have a member of the head of the Fiction Foundation who also stands out, working with America Testing, the best of all, and he can help you. If you have questions, just ask, and we can help you, maybe with this project here, and we can help each other solve problems. We received a 51 percent attack, and well, I do n't know how much time I have. I can't continue until they get me out of the stadium. Today I'm going to cover 222 common misconceptions, and well, what happened with The thing is, the number one point here is that Professor Steak is a system where the rich get richer.

Please, don't believe it. And the truth is, it's incorrect, it's a myth. It's incorrect because remember that both Professor Steak and Professor, which are capital-based investments, all start with capital. Both Professor Steak and Professor, who offer a percentage return on investment, like Art Uruguay, and in Professor Steak, the return is constant. If you're going to invest one thousand or five thousand dollars in ventures like how to make steak, you can get the same percentage return as a 50 million dollar investment.

Meanwhile, in Professor Steak, the savings are greater if you invest more money. For example, if you invest five thousand dollars in mining in Red Work, you'll have a lower percentage return on investment than if you invest 50 million dollars. And why is that? Well, it's because Professor Steak has opportunities for economies of scale. For example, if you're going to invest 50 million dollars to make your own mining company, something like that happens.

You're going to do it where electricity is so cheap, and they're going to give you discounts on the... Electricity, you're going to do it where the climate is cool and they can spend less on cooling and they'll give them discounts with the equipment, but if you invest like five thousand dollars, they won't give you any of those benefits. So the stick itself doesn't have economies of scale and has the same array for everyone. In conclusion, the Professor is where the rich get richer than the Professor State, and that's a huge option that we have to correct in the world. Another one with this second option is that the Professor means that the updates, to tell me, are controlled by the stickers, and that's a mistake.

This leads to some adding that the assets of Professor tics are more like stocks because people think that the scammers with the tecs decide the protocol changes, and really the tecs are or decide what changes occur in the protocol. Let's not make a protocol that doesn't And government of the currency endowment there is no practical control over the changes in the protocol the film has an informed government of the same type as Pete Coin and the conclusion is that professors that it is not a government of the rich is not to compare to campar rave line even I went to the stickers not to say in the changes of protocols it is a government in a similar way to those of the beat with and well I think I don't have any more time how much time do I have let's go to new well director of the function of the march well we have been working on men between Westlake since the beginning of the protocol in 2015 and finally we are super close we have well if we launched a Dickens Jane two years ago in October 2020 we have been improving it improving it testing it testing it and in June we started doing the merge pool with real stents the ones that people actually use the developers in the community and we started with Robson at United on June 8th and it was a success it was a success of Paul Jones on July 6th and it was a success of Lager Gerline a week ago at the August 10th and that was the last 3 ned before we're going to feed and well Elmer is the most important element in Krypton since the launch, well, in 2015 and for the first time we have a fixed date of 15 or 10, September 16th in less than a month is coming the march and we're going to save and talk about Mexican independence [Applause] and well that's all, if you want more, but if you have more questions you can find me here on the weekend by sending me a day on Twitter and here are the light ones if you want them later and thanks for everything and good luck with all the projects and we'll see you at some of the events, more than well in Latin America, well thanks [Applause]