U.S. traders are buying 'digital residency' in Palau to skirt restrictions on the amount of cryptocurrency they can withdraw and the exchanges they can use. Major exchanges have already banned the ID, fearing abuse.
Whats also likely is people see the attack coming due to the large validator queue, and they implement some sort of counter measure before the attack can even happen. Unless they let a 2048 eth validator in as quickly as a 32 eth validator, were talking many many months as there’s a massive influx of validators.
Imagine buying all that eth, and the community seeing the attack coming in advance, and instead saying, were going to lock out new validators after XYZ date, and force them to exit instead.
It would cause problems no doubt, but there would be a lot of options before an attack and after if they get that far to address it.
edit: They could also dramatically reduce the allowed validators per day if it was suspected, making the attack take years to even be possible.
Ethereum could literally roll back their chain to negate the attack, anyway. They’ve done it before.
Whats also likely is people see the attack coming due to the large validator queue, and they implement some sort of counter measure before the attack can even happen. Unless they let a 2048 eth validator in as quickly as a 32 eth validator, were talking many many months as there’s a massive influx of validators.
Imagine buying all that eth, and the community seeing the attack coming in advance, and instead saying, were going to lock out new validators after XYZ date, and force them to exit instead.
It would cause problems no doubt, but there would be a lot of options before an attack and after if they get that far to address it.
edit: They could also dramatically reduce the allowed validators per day if it was suspected, making the attack take years to even be possible.