Ethereum 2.0 delays thread - page 5.

davinchi

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Quote from: knuckey on February 08, 2020, 05:10:51 AM

Recently some people have been talking about upgrading Ethereum, yes the launch of Ethereum 2.0 . But the closer it was to launching and it turned out to be a delay, surely many people were disappointed. Whereas everyone hopes that Ethereum 2.0 can have a positive impact on Ethereum growth, especially the price. But it seems that dream is futile and we are just trapped in a hype.

This might surely not be a hype. Etherum is already a strong project which has grown immense demand from the time they launched. Also in the recent etherum markets we could see a price hike which might be perhaps linked to the development work of the Etherum 2.0 upgrade.

People mostly like the projects who follow their timeline which might show us the hard efforts of the developers. The developers might assume a date which might give them sufficient hours to perform the upgrade on the network and they should only launch the date which won't be delayed in order to keep the interest of several holders or investors.

Ozero

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Quote from: leea-1334 on February 08, 2020, 07:59:36 AM

I am beginning to like the Ethereum devs to be honest but does anyone else ever wonder,,, why altcoins love to have a deadline and then fail to deliver? Why not just never have a deadline and surprise everyone by making it ready? I mean the deadline can still exist but be internal so that the public does not feel disappointed, right?

Earlier it was written that a deadline was proposed for introducing improvements in ethereum called Ethereum 2.0 on the fifth anniversary of this coin, which will be 07/31/2020. Buterin claims that there are opportunities for earlier implementation of these improvements. I think that rush is not needed in this matter. It is much more important that after this there are no unforeseen complications and vulnerabilities. Ethereum expects a good future anyway.

Tash

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Quote from: Lantind on February 08, 2020, 05:12:32 AM

Quote from: Tash on February 08, 2020, 01:35:30 AM

Its already a failure, 2.0 was suppose to happen at beginning of 2018, well that was the promise at launch time

Why the failure on Ethereum 2.0? are there still many factors that are not ready yet? so the ethereum 2.0 developer failed at that time? and honestly I also do not know about the development of ethereum 2.0 in 2018 then.

Actully its wrong its beginning of 2017

Back then it wasn't called 2.0 it was projects (‘Homestead’, ‘Metropolis’, ‘Serenity’.....) as it keeps delaying and confusing with names its now switched to 2.0

The initial story was that there will be a total of 92,000,000 Ether when the ICO happened and people invested.
60 million - Pre-sale, 12 million - dev fund and ~18 million mined - 1 million coins mined per month for 18 months prior to going from POW to POS.
Block 1 date is 2015-07-30 + 18 months = Monday, 30 January 2017

Also that 100% wine (92 million) has already got 20% water mixed in still sold as pure wine.

makishart

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Quote from: leea-1334 on February 08, 2020, 07:59:36 AM

I am beginning to like the Ethereum devs to be honest but does anyone else ever wonder,,, why altcoins love to have a deadline and then fail to deliver? Why not just never have a deadline and surprise everyone by making it ready? I mean the deadline can still exist but be internal so that the public does not feel disappointed, right?

It caused by so many traders and speculators need transparency. When the developer has no deadline and those people will be blaming it and they will be saying if the team is such a liar.
Ethereum just try to make its community feel good about there was a plan.
It's not clear when it will be finished but as long as it can keep the trend and ethereum developer will be feeling fine about that.

leea-1334

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I am beginning to like the Ethereum devs to be honest but does anyone else ever wonder,,, why altcoins love to have a deadline and then fail to deliver? Why not just never have a deadline and surprise everyone by making it ready? I mean the deadline can still exist but be internal so that the public does not feel disappointed, right?

Desscount

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Quote from: bbc.reporter on February 07, 2020, 10:43:04 PM

Similar to the bitcoin ETF series of delays, I have already speculated that Ethereum 2.0 might have its own series of delays. This news article might be the beginning of one report of many.

‘95% Confidence’: Ethereum Developers Pencil In July 2020 for Eth 2.0 Launch

Ethereum’s next system-wide upgrade, Eth 2.0, won’t launch in Q2 2020 as expected, but researchers remain confident the initial network parameters will deploy in 2020. Anything less would be considered a “failure,” they said

Read in full https://www.coindesk.com/95-confidence-ethereum-developers-pencil-in-july-2020-for-eth-2-0-launch

oh this will be interesting news, I think the market will experience a correction, especially Ethereum, with the delay again the community doesn't seem to be patient enough, but Ethereum is refusing to go down, as Ethereum prices have passed through strong resistance, it looks like we will see $ 250

Lantind

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Quote from: Tash on February 08, 2020, 01:35:30 AM

Its already a failure, 2.0 was suppose to happen at beginning of 2018, well that was the promise at launch time

Why the failure on Ethereum 2.0? are there still many factors that are not ready yet? so the ethereum 2.0 developer failed at that time? and honestly I also do not know about the development of ethereum 2.0 in 2018 then.

knuckey

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Recently some people have been talking about upgrading Ethereum, yes the launch of Ethereum 2.0 . But the closer it was to launching and it turned out to be a delay, surely many people were disappointed. Whereas everyone hopes that Ethereum 2.0 can have a positive impact on Ethereum growth, especially the price. But it seems that dream is futile and we are just trapped in a hype.

Bttzed03

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https://bitcoincleanup.com/

For those of you who are lazy to read the article and went firectly to the comment section

Quote from: LiveasFomoTrader on February 07, 2020, 11:14:45 PM

Bitcoin has gone forwards well without ETFs and ETH will go forwards well without 2.0 upgrade. ~

This is not even the right comparison mate. ETH will go forward well without ethereum ETF too for sure but it will NOT without the ethereum 2.0 upgrade. ETFs and network upgrades are two unrelated things.

Quote from: Dart18 on February 07, 2020, 11:35:22 PM

Does Ethereum 2.0 needs approval too from SEC just like how Bitcoin ETF is?

I still don't understand why this is taking too long.
I thought it was really January of 2020 where they will start it.

ETH 2.0 does not need approval from SEC. Like what I said above, it's only a network upgrade and doesn't have anything to do with regulators like ETFs.

From the articles I've read, they never gave any assurance that it will launched on this date or that date. They were making an estimate and that means it could change at any time.

The article has this to say regarding the further delay

Quote

the Eth 2.0 team said the network won’t launch until three clients can run testnets consistently for a minimum of eight weeks.

I'm not a developer but I can understand the reason why they would rather delay it further than launch it with a lot of vulnerabilities. That's why testing is so important and it could take longer time depending on the results.

OrangeII

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as I also think, it looks like the development of ETH 2.0 will not be on schedule, but if it's still in 2020, I think it's still quite worth it. I think this could be an opportunity to gather ethereum for those who have not had time to have enough ethereum. however, I really hope that ethereum can be developed into ETH 2.0 this year.

Becky666

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Quote from: Tash on February 08, 2020, 01:35:30 AM

Its already a failure, 2.0 was suppose to happen at beginning of 2018, well that was the promise at launch time

Not a failure, taking a closer look at the whole issue seems to me that, failure isn't already set in, as you have assumed. What I assumed was the cause of the delay was because of the testnet and this was a cogent reason from the developers. Delay are important when we talk about building in existing project because of it security. The worst thing will be; upgrading your project with security flaws accompany the upgrade.

TanakabZX

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There is nothing wrong with delays of projects upgrades, I personally don't want unfinished updates for Ethereum that can cause some annoying feeling against the project, I belief in ETH CEO if this delay is real then its definitely worth it

Jating

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Quote from: Tash on February 08, 2020, 01:35:30 AM

Its already a failure, 2.0 was suppose to happen at beginning of 2018, well that was the promise at launch time

Then beginning of 2020, then pushed again?

I guess everyone will grew tired of this unless the people behind are really going to follow their schedule. Although I would understand that one cause of the delay is that they want to system to be ready and without loopholes and blips and free of bugs.

But its been delayed many times already and it could potentially impact the price in the future (but so far it has broken 200$ but I doubt that it will stay on the levels or even move forward to the next - 300$).

srcarreira

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Quote from: Tash on February 08, 2020, 01:35:30 AM

Its already a failure, 2.0 was suppose to happen at beginning of 2018, well that was the promise at launch time

No it is not. It would be a failure if they released Eth 2.0 and it won't work or lacked of innovation.
Now it is delayed and losts in value over time because nothing happens with Ethereum actually.
After halving and PoS nobody will say that Eth 2.0 was a failure

thisnewcoin

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Quote from: LiveasFomoTrader on February 07, 2020, 11:14:45 PM

Bitcoin has gone forwards well without ETFs and ETH will go forwards well without 2.0 upgrade. Of course, it is better if the upgrade will be released at the right time and have good additional supports from the market.

The delay of that upgrade help to reduce risks for fomo traders and fomo investors.

You are saying the truth, mate. Ethereum price will do better with the Bitcoin halving. Whenever Bitcoin price grew up, Ethereum price increased well. So, in the next bull run, the same thing will happen again. Ethereum doesn't need ETH2.0 to increase in price, the bull run in Bitcoin is enough. But yet Ethereum should come with many developments and upgrading to stick on the second in the crypto market. I hope as it is coming after the Bitcoin halving, so ETH2.0 will impact highly in Ethereum.

Tash

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Its already a failure, 2.0 was suppose to happen at beginning of 2018, well that was the promise at launch time

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Quote from: Dart18 on February 07, 2020, 11:35:22 PM

Does Ethereum 2.0 needs approval too from SEC just like how Bitcoin ETF is?

I still don't understand why this is taking too long.
I thought it was really January of 2020 where they will start it.

I'm not sure but looks like SEC will interfere again on this improvement that will be made on eth once they launch it. Of course delay is always inevitable and crypto users shouldnt expect the full development will be achieved by 2020. They can be some sort of start already but the full running will be seen on the few years and I know this will be a good opportunity on erhereum project.

thisnewcoin

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It was expected that Ethereum gonna delay the ETH 2.0 upgrade, they delayed last year's hard fork too. This types of delaying seem not cool to me, it harms the hype and people's expectation. Because every crypto supporters are waiting for long to see a significant upgrade in Ethereum.

S4VV4S

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Quote from: Dart18 on February 07, 2020, 11:35:22 PM

Does Ethereum 2.0 needs approval too from SEC just like how Bitcoin ETF is?

I still don't understand why this is taking too long.
I thought it was really January of 2020 where they will start it.

What I know is that their clients have not yet finished doing tesnet, as was said at the AMA session on Reddit They remain confident that this Ethereum 2.0 hardfork will continue this year. I think they will launch it to coincide with the anniversary of Ethereum in July.

Dart18

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Does Ethereum 2.0 needs approval too from SEC just like how Bitcoin ETF is?

I still don't understand why this is taking too long.
I thought it was really January of 2020 where they will start it.

Topic: Ethereum 2.0 delays thread - page 5. (Read 986 times)