How is Ethereum associated to Bitcoin?

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Hardly associated in any respect truly.

Bitcoin typically has a neighborhood which cares about decentralization within the type of the next: a number of full node runners, acceptable imply price charges, upgrades by means of softforks and person going through consensus, gradual and safe method to what goes into the software program.

Ethereum neighborhood typically is keen to sacrifice decentralization for what I’d check with as “shiny objects” like artificially quick block occasions (with actually gradual finality), price bidding wars that improve revenue for the massive organizations accountable for approving blocks, censorship capabilities: https://www.mevwatch.data/ , “turing completeness” which principally simply means you need to use it for stuff you shouldn’t be capable of and virtually wouldn’t for those who had been sane, and creating tokens out of skinny air with 0 effort concerned. Undecided why they like these items however that’s principally what Ethereum is. Supply: Mined Ethereum since 2020 was not knowledgeable about “the merge” till midway by means of, bought all my Ethereum promptly upon studying the reality about how centralized their operation is.

Observe: Throughout your entire ~2 years that I mined ETH I used to be pressured to make use of a centralized rollup known as polygon to also have a hope of avoiding charges, this implies I used to be paid in an IOU model of ETH known as wETH. Technically I did save charges however solely as a result of I trusted a random group with all my earnings within the type of each day IOUs, on a elementary degree that’s extremely insecure and a disgrace that they inform individuals it’s. However the level is as a miner for two years I used to be not even ready or keen to make use of the bottom layer as sending 1$ value 4$ even right this moment. Promoting wETH each day to USDC and offloading to a CEX each week is the one motive I profited and I’ve 0 remorse there.

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