Optus hacked, Ethereum merged, Pentium retired, Telco complaints drop: Vertical Hold Ep 397
What does the Optus hack mean for Australians? What does the Ethereum merge mean for the future of crypto? Why is Intel putting Pentium out to pasture? As telco complaints drop, why are Australian mobile users still unhappy? Special guest Finder’s Angus Kidman!
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A really big week in tech news — it’s not often we dive into four topics in a single show! This week, Intel’s putting Pentium out to pasture, so how are consumers meant to pick between a group of processors all called the “Intel Processor”?
Meanwhile, Ethereum has “merged”… but what does that mean, and are claims that crypto has now gone green entirely credible?
The TIO put out its latest report showing that complaints in the telco sector have dropped recently… but that’s not likely to apply to Optus any time soon, with the telco suffering a major — and we mean major — security breach, with potentially millions of Australians at risk of identity theft. We dig into what’s known, as well as what you can (and should) do to keep yourself safe!
Joining us to delve into all these topics is Finder’s Angus Kidman!
One Reply to “Optus hacked, Ethereum merged, Pentium retired, Telco complaints drop: Vertical Hold Ep 397”
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Angus summarised ETH proof-of-stake (PoS) well, and the talk about GPU sales is fun BUT;
The ETH merge has 2 big problems that are being glossed over by most media:
1) The ‘merge’ is better explained as a ‘partial-merge’ at best. The ‘stake’ code was merged, btu there is no code to ‘unstake’, bet you didn’t read about that (yet). What this means is anyone who stakes has their ETH looked up, and they cannot access it, to sell, to trade, anything, it’s just ‘gone’ (for now, supposedly). If the code never releases an unstake, the ETH staked is forever locked from the owners. This ETH stake-locking is purposeful both because the devs were transparent, and because ETH new PoS needed a feature that stablised the price of ETH to make the PoS seem a success (in an entirely artificial scenario that does not represent actual PoS where you would actually be able to unstake)
2) The combination of this ETH locking and PoS turned out to be a sophisticated super-villain pump-and-dump scheme. The PoS apparently happening finally (it still hasn’t happened) has driven a new level of hype that we haven’t seen for years, and the market shows this hype in how much ETH skyrocketed, then the dumping started, also shown in the market.
Maybe ETH will go legitimate one day when real PoS is released, but today we still do not have the PoS that will allow ETH to last (i’m shocked it even survived 48hrs without imploding when people realised the ETH is all locked up)