In the meltdown fork (rebel fork) we want to premine the same amount as the staked ether in the POS fork. We are ready to release,but waiting for the V team to fork... Mining support is not needed, the genesis block has already been mined and the difficulty is low. The final net will probably have a different structure, but if the V team decide to fork early, we are ready... The devteam will be supported by the 15 million locked staked POS coins that will be converted to premined coins that can be sold to support the development of the new network. This amount was acceptable by the exchanges we have talked to in order to get it listed...
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our motivation:
Look at Dogecoin. The market cap of Doge is now bigger than Litecoin (the forked coin) . We don't want to join the POS experiment, so we simply move to a more stable, secure and advanced technology POW. By forking, we can remove the whole management of the coin, the devs and the assets of their supporters.
Then we can push the coin in the right direction.
At launch all Ethereum holders that haven't locked their funds for staking will receive the same amount of ethereum as they own. Currently this number is 89,2% of the supply but this it is expected to decrease if more users join the ethereum 2.0 staking pool.
So the 11.8% who have locked their funds in Ethereum 2.0, will loose their coins in the new Ethereum.
You can't attack 15 million coins of staked ETH with even 90 million un-staked ETH. You first have to stake the 90 million ETH. That's how the validators work. I am not sure you understand how it works. And if you attack the network you lose your ETH. Who's going to do that? George Soros?! lol!
Yes you can, In a Prof Of Wealth attack.
When 12% support POS and 88% support POW. You only need to hardfork, and replace the devs, the management and their supporters by freezing their assets...
This is how democracy works. (Boris Johnson)
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All ethereum holders that haven't locked their funds will receive the same amount ethereum in the rebel fork. 1:1. The Implementation is done by a team of old Bitcoin devs.
If you have more Ethereum staking validators then you can attack the network. That means someone has to setup over 300,000 validators with 32 ETH each to attack the POS network. And risk getting their funds slashed.
Also it is easier to recover from a POS attack than a POW attack.
Search for this topic on Google to understand more about it. You're delusional with some of your comments.
Youtube:
Ethereum 2.0: Proof of Stake vs Proof of Work | Vitalik Buterin and Lex Fridman
no work no wealth.
btw i would argue pos = bond
which means eth will be fully regulated as if it is a bond.
good luck with a bond based on nothingness.
at least a bond with a real company is based on what the company produces.
or services or in the case of New Jersey Turnpike bonds they are based on the tolls collected and the physical roads and bridges that make the turnpike.
Pos = piece of shit based on nothing.
and if I am wrong it will be like a bond and fully regulated with every staker marked and kyc’d
btw only 15 mill coins staked
and 106 mill coins not staked.
and do you realize more than 30 million premined coins are out there right now.
not staked.
they can wipe the current stakers out.
in a snap in a takeover.
have you even consider that is what will happen if that is planned.
do you know who holds the premined coins?
they sold for very very very little fiat it is possible one guy owns 30 million eth and got them at under 1 dollar a coin.
60 million premined were sold at 13.8 million
12 million were kept by development foundation.
that is 72 million of 121 or 122 coins.
for pos to have any shot at working all those 72 million coins need to be revealed.
