Possible ETH Rollback?
Many people in and out of the crypto industry have floated the idea of rolling back the Ethereum network to its pre-Feb 21 state, before the Lazarus group's 1.5 billion hack on Bybit.
Ethereum members, like the core developer teams, are vastly against “rolling back” the network because it would override core elements of decentralization. If Buterin the founder and leader of ETH would let it happen it would be seen as the end of ETH's ethos, which involves various developer teams and community members when it comes to the health and state of their network and blockchain.
The main idea here, what good it is to claim to be decentralized and allow a select few to change the rules whenever they want. For contrast this would not even be a possibility for Bitcoin since no one owns the network and it would take 51% of all the users who support nodes around the world to agree. The issue is the vast majority of the people who run and support the nodes are anonymous which is what makes Bitcoin the more decentralized coin the world.
Whats a Satoshi?
A satoshi is the unit of measure of a bitcoin, see cart below. You can by as little as 1 satoshi or several hundred million. Don't think your first Bitcoin purchase has to be small, in fact a large number of investor dollar cost average when buying investments. All that means is you buy a little on a recurring basis, like $50 every Monday for example. This way you buy when its low and high its high and you ensure the average over a period of time.
Quick Hits
- President Trump signed executive order to ban the creation and issuance of a central bank digital currency (CBDC) in the US.
- US Senate Banking Committee, lead by Cynthia Lummis, will review crypto regulations on Wednesday 2/26.
- Michael Saylor posted the chart signal on X, which generally means MSTR plans to buy more tomorrow. The real questions is how much?
- South Dakota BTC bill set for committee hearing on Monday 2/24.
