Topic: Eth 2.0 can be delayed to 2024... - page 5. (Read 2585 times)

That's you opinion as a biased miner.

How will Bitcoin's security be guaranteed in such an arrangement where the transaction fees are "the mining"? The fees would have to be outrageous to motivate a decentralized participation. And those fees would come out off the pockets of people trying to transact with Bitcoin. I don't think that has been figured out at all.

Good luck convincing the woke governments of the west that all the energy is wasted anyway. They will ignore whatever you say. I could care less how much energy Bitcoin is consuming. I am just stating that this energy use will be a source of criticism.

Go ahead sell your last 0.5 ETH! What are you waiting for?! You think it is only crashing from here on out so the longer you hold the less it will be worth. Sell!

for the retards that needs to grow a little bit of brain..

there is no post mine BTC. transaction fees will be "the mining" after all of the BTC is mined.

XMR have tail emission for "post mining".

carbon foot print scam tax, will be like this: you buy something food(beef) carbon tax = 10, you buy "soy insect cardboard box sausage" carbon tax = 2 , all this is viable with central bank digital currencies and digital vaxx pass surveillance (to be embedded to your body). so are you rich enough to eat beef or garbage? so if you are rich enough to eat beef you could be limited to buy only a few, why? buying 10 beef will reach the limit of (10x10) 100 carbon tax limit (bad person destroying the environment says the government).


green energy and non-green energy needs infrastructure, labor, fuel to burn, etc. etc. just to produce energy for POW, this statement alone will inform you there is value to it (with the exceptions of scams and failure/idiot blockchains LOL)

ETH and the other PoS coins are going to end up no different to fiat cash (controlled by a central group of elites), while Bitcoin will become the true 'digital gold' and perhaps Kadena or ETC will become silver.

Yes we all know Bitcoin uses lots of energy and is bad for environment. Especially now during an energy crisis. But the fact to switch to POS will come at a cost and that is basically less decentralization.

Now you got millions of people mining keeping ETH decentralized around the world, it’s very secure. Same with Bitcoin. Hence why people feel safe keeping their funds in these cryptos. Take that away and you got pretty much only the rich staking, not too far off from traditional banking.

Blah blah, more 'green' FUD. As the world moves to unreliable solar & wind energy, the demand for mining to balance out the grid will only become greater. Most of that power is being flushed down the drain anyway. Carbon is life, life is carbon. You're playing into their plan, which is to reduce demand for energy and reduce standards of living. Nobody has the right to tell people how much energy they can use.

PoS is no different from the current fiat system where the rich get richer simply by having wealth. PoS is a kleptocracy. It is inflationary just like PoW. At least in PoW, coins are awarded based on something outside the system, like energy.

Kadena which is a PoW coin has sharding too. PoS has nothing to do with transaction speed or performance, blah.

Blockchains based on PoW will prove to be the only strong blockchains, like gold. Anything else is just like the Roman denarius which can be altered at will. You're paying a heavy price for that energy 'efficiency'.

I put my money where my mouth is. I no longer mine ETH and I'm going to sell my remaining 0.5 Ethers before it crashes even harder. I'll become a Bitcoin maximalist if this PoS nonsense continues.

What happens to Bitcoin once all BTC has been mined? Who will secure the network? Miners will have no incentive and no reason to "mine" because they won't have any BTC to mine. The mine will be empty. Will they be paid a fee to offset a huge electrical bill to process transactions for BTC. Who's going to pay the fees?

How will BTC security be post mining? These are all questions about the future of Bitcoin. Let's face it the long term outlook for Bitcoin has not been figured out. I don't see right now a game plan for Bitcoin post mining.

Regarding ETH staking, so what if 1/3 of ETH is staked by the ETH foundation? Why would they un-stake the majority of that ETH and crash and burn the project? That's like Elon Musk or Jeff Bezos selling all their shares, crashing the stock price and screwing their own companies.

There's a lot of people who are not miners that feel much more positive about the merge and Ethereum switching to POS. You guys are in the minority as miners. I am myself a miner but not so shortsighted and negative about POS.

Proof of Stake brings a much smaller carbon footprint which is positive politically and for institutions, especially with energy scarcity already starting whether it is manufactured or not.
POS will make Ethereum potentially deflationary.
POS will allow the addition of sharding to improve performance, transaction speed and scaling.

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!

He is anti pos
you are not anti pos

everyone should be anti pos in the case of eth


pos is the same as a bond issued

or as a stock with dividends. with a single exception it is not subject to regular like companies that issue bonds or dividend paying stocks.

Fact 12% of eth is staked
fact ⅓ of that is by a single company
fact mr v himself said he does not like that.

⅓ of the staked coins is about 4% of 121million coins.

that is 4.8 say 5 million coins at 1100 or 5.5 billion in one group's hands.

what was the pre-mine of eth was it 5 million coins? no it was about 72 million coins (google it) see below

"When Ethereum launched, 12 million ETH were created for the developers, and 60 million ETH were premined for ICO participants to buy. Consider there are 102 million ETH in circulation today, that means 71% of the existing supply was premined during Ethereum’s launch."

So if the info above is true a lot of premised coins are not staked. maybe 60-72 million are not staked hell only 15 million of the 121 million made are staked. So someone has a lot of hand here over the small staked amount.

POS is not a good thing for eth if my numbers are correct far too many hands are holding eth outside of the staking group.

So where are all those premised coins. POS of 15 mill could be crushed   with ease if 30 million premiere coins that exist attack it.

ie no security for pos

mining can not be attacked that easliy .

 For all we know someone holds 50 million eth in multiple wallets and will strike at the smaller pos stake as soon as eth goes pos.

What if 88% sell Bitcoin or Cardano? You're just grabbing at hypotheticals, and have a clear anti-Ethereum agenda. Keep things positive and try to avoid negative talk. Remember people are invested in this. You enjoy seeing people get hurt financially?!

The difficulty bomb should be pushed back by 3 months today. Statistics has not been updated yet, this service is working with a delay.
https://etherscan.io/chart/blocktime
What else can prevent the end of ethereum mining?

I am fine with whatever ETH developers throws at miners face, I care less, what I want is a bigger crash than what we are seeing now, even the shit Luna rose up to 40% in few days after I thought people are going to abandon the Luna classic, anyway, I am here to make profit out of any project and that includes shitcoins as well.

ETH 2.0 has been delayed so long now, I don't think the new entrants to the space realize that empty promises over it's launch have been an ongoing joke for several years now. 

I am fascinated by such a large move taking place.  There's a good chance it will be a massive failure, as many in this thread have speculated.  There's also a chance it will be a huge success and major players in traditional finance take a huge stake in it's future.

I am more curious about what happens if it is a failure personally.  I wonder if it would cause a profitable to mine coin like Ravencoin to shoot up in value, or what would happen to the Polygon network. 

It does make me happy that some excitement is coming back to crypto.  It's super cringeworthy how all the news lately is about which big players got greedy and tried to overleverage their way to billions.

Ethereum foundation announced 100% shift to POS in 2021, when 100% POS platform blockchains like BNB, SOL, DOT, ADA, AVAX pumped (we can say they achieved some level of success), showed promise and functioned without POW.

Did Ethereum foundation felt threatened by something working without POW? or POS is just a soft exit from a failed experiment (you know..world computer and stuff hehe).

Here is another thing to consider, rebellion wants as many allies as possible like ASICs, is it a temptation to cozy up on them or kick them out? One of the original thing back then for ETH was ASIC resistance. Progpow?..

This is going to be a shitshow LOL.

I remember back in the days when Ethereum was a shitcoin. We mined a shitload of Ethereum when the price was $1-2 on the exchanges.

Now Ethereum is converting to a Piece Of Shit coin (POS), I expect the price to crash. Let's wake up those old wallets and sell.. The dumping has already started...

well..

ETC emerged during a hacking issue, but this new ETH POW will emerge in ETH POS (100% transition).

I think there is enough reason to fork.

I'm a miner, there is also a bias but i'm a shitcoiner too so either way i'm fine  hehe 

But who is securing the price?
What if If 88% of the coin holders sell Ethereum 2.0 and buy Ethereum POW.

I mentioned this before, with Bitcoin POW a small percentage of Bitcoin holders are securing the network. Most people have Bitcoin in a wallet and that's it. They are not participating in the network. So your example of 10-12% of ETH securing the network is no different that the current situation with POW Bitcoin or POW Ethereum. There are over 300,000 validators.

and your currency? where is the link that describes about it?

dude pos is an unmitigated disaster about to happen.

you are advocating for 12% of the eth coins to rule over 100% of the coins and all the gear.

and ⅓ of that 12% is one company.

the best thing mr v could do is end pos experiment because too many coins are in one hand.