Uncharted territories for sure. I wouldn't be surprised if we're gonna see a few bumpy moments in the next months. What happens when the network is back under serious load? I thought I knew the old PoW system well enough to know what might happen, but I still haven't fully grokked where we're at now. To some degree nobody knows the new balance but I feel like my level of understanding of Ethereum has declined in the past years as the tech has become more occluded. Is it just me, or does it seem harder now than before to fully understand what's going on without resorting to black boxes? There's Staking 101, Staking 502 and Staking 604 but I haven't yet found resources that cover the inbetween steps.

Ethereum got kicked in the nuts earlier in the year and it's only because the "experts" doing the talking are business majors and armchair dipshits who lack the curiosity or drive to even figure out what the fuck is actually going on.

Adding to that, they might have gotten bored of this space now that we've been in a bear market for a while and they don't have free time to spare due to lockdowns.

You buy a bond, you get a guaranteed return. You can buy and sell that return, you can option that return, you can future that return, you can do all sorts of crazy shit to that return, but it starts with a guarantee. It's a process with a three hundred year history backed by military force.

I keep forgetting that the fundamental innovation behind crypto is its ability to create trust from algorithms (aka thin air). Considering there is nothing but a vague promise, it's a small miracle that there are already 420,000 validators each putting 32 ETH just on that promise.