Topic: I have now 3 ETH, when ETH 2.0 (proof of stake) is out , do i will lose my 3 ETH (Read 997 times)
January 22, 2021, 09:23:04 AM
You will diffenitely not lose your coins. Ethereum is a very big campaign and top-2 cmc coin. I don`t believe they can become scam. Your coins will remain and you will get some reward for staking it. It`s just a movement to the new system and new type of consensys, nothing else
January 22, 2021, 07:43:46 AM
No one will swap or collect your ETH or take it for vanishing. Just an upgrade to improve the ecosystem. Ethereum network is becoming very expressive for transaction fee.
Hi betty11 I'd like to get in touch with you!
June 11, 2020, 07:26:54 AM
Don't worry, you will not lose anything. Eth is changing to pos. But the token will be the same. It will be just a update. And ethereum holds 2nd biggest marketcap. So every big exchanges will support it's hardfork. But it's always good to put your coins in walet when hardfork Or any kind of upgrade happening.
May 28, 2020, 05:16:29 PM
https://i.imgur.com/3hOxASH.png
32 ETH seems like a lot to stake to start getting rewards I'm not sure many people would be willing to lock up that kind of money for small % gains.
32 ETH seems like a lot to stake to start getting rewards I'm not sure many people would be willing to lock up that kind of money for small % gains.
It's normal for those coins they're trying to squeeze as much from the holders as possible. They always say high cap is made to secure the network but really they don't care if you make money from it so they're not trying to make the system user friendly.
Look at Dash and how expensive it is to run a node there. It's not PoS but the idea is very similar to make it affordable only for a few wealthy individuals.
I have 3 ETH now , do when ETH updated to 2.0 , i will lose my 3 ETH ?
Nope, Your eth is still yours as long as you hold your key. Try reading this source. 
May 28, 2020, 02:47:27 PM
It is just an update for ETH. The update only changes the way ETH works before and it will not make your assets disappear. So you don't need to worry about it, if your ETH disappears then this project seems like a scam. 
May 28, 2020, 01:12:01 PM
https://i.imgur.com/3hOxASH.png
32 ETH seems like a lot to stake to start getting rewards I'm not sure many people would be willing to lock up that kind of money for small % gains.
32 ETH seems like a lot to stake to start getting rewards I'm not sure many people would be willing to lock up that kind of money for small % gains.
It's normal for those coins they're trying to squeeze as much from the holders as possible. They always say high cap is made to secure the network but really they don't care if you make money from it so they're not trying to make the system user friendly.
Look at Dash and how expensive it is to run a node there. It's not PoS but the idea is very similar to make it affordable only for a few wealthy individuals.
May 28, 2020, 11:52:02 AM
Yes, most of the articles that I've read that's the minimum requirement. But if you are one of those who bought it somewhere around $20-$80 that's a fair price. Still, that's ethereum and the current price makes it quite expensive.
It's a better and cheaper coin I'd guess to have it on stake. Dash requires you around $72k to earn passively through its masternode.
Oh yeah, I almost forgot about DASH...
I guess the most sensible solution to those who can't afford 32 ETH like me could simply opt for an interest account. Won't reach 10% per annum but still better than nothing.
There are mining pools which will allow individual traders to stake in their pool and will pay them for their share of ether.
This would be a risky job on which pool to join but I am assuming there will surely be some genuine pools for this.
May 28, 2020, 11:34:51 AM
Of course not, the ETH you have won't decrease and don't expect it to increase either, it's just an update of the old ETH and ETH 2.0
it's just an update of the old ETH and ETH 2.0 May 28, 2020, 11:12:39 AM
The Ethereum 2.0 upgrade has produced mix reaction in the Ethereum community there were some positive while others were against the 32 Eth staking minimum and IMO, it's too big for us the ordinary Eth users It should be downgraded to a minimal and affordable amount, not 32 Eth it was a costly thing to many and I'm afraid it will not do well to many Eth users.
why do you think that, do you have the need to stake ETH when PoS algorithm start? it is roughly 7k USD for staking node, so i do not think that it is too much for one to be a validator on the network, when you compare to other smaller coins, NRG - 10k tokens, which is roughly 25k USD at the moment, ZIL 10 million tokens, which is roughly 120k USD at the moment, even THETA 20k tokens which is roughly 7k USD at the moment, so ETH is doing good comparatively to these
May 28, 2020, 09:57:20 AM
The Ethereum 2.0 upgrade has produced mix reaction in the Ethereum community there were some positive while others were against the 32 Eth staking minimum and IMO, it's too big for us the ordinary Eth users It should be downgraded to a minimal and affordable amount, not 32 Eth it was a costly thing to many and I'm afraid it will not do well to many Eth users.
May 28, 2020, 05:54:49 AM
When ETH 2.0 (proof of ownership) comes out, it will not have an effect on losing your current ETH, even though ETH 2.0 has something to do with the old ETH but it is only an update and certainly will not have an effect on losing the assets you currently have.
May 28, 2020, 05:37:18 AM
Because when POS happens, AFAIK the minimum amount for you to become eligible to stake must be 32 ETHs.
32? That's an insane lot just to start earning passively and the returns only start from 4% onwards.
May 28, 2020, 01:42:44 AM
The ETH you have remains at 3 ETH, it only changes from POW to POS. Well, I think many are asking about this change. Yeah, this is like some coins that change their coins. it's likely that the change will be done automatically.
May 27, 2020, 09:55:51 PM
Do not worry, the old chain will be hardforked and your coins will automatically appears on the new version of blockchain, where will be a lot of new features, for example staking. 
As long as when the hardfork has begun OP will not try to move his ethereum into the another wallet and his ethereum will fine. There was no thing that needs to be worried. We will see that when the majority of nodes will move into the ethereum 2.0
May 27, 2020, 05:40:55 PM
You can look at what happened when Bitcoin split into Bitcoin + Bitcoin Cash, BTC holders retained their funds and earned an equivalent amount of BCH.
A similar setup will occur when ETH moves to POS.
Is there any situation like that happening with ETH, i do not see major split in the community as of now and ETH usually does things as a dictatorship and the only issue happened when the forked from the real chain without any warning when there was a major hack and some were against the fork and so we have two chains and when they upgrade now i do not see anyone looking to take over the old chain and think they could have people trusting them unless there is big group planning to take over the old chain and for that to happen they need major resources. A similar setup will occur when ETH moves to POS.
May 27, 2020, 01:11:29 PM
No, you won't lose your coin. Don't worry about that. Just hold your coin where ever it is. This fork will replace by the new system. Better you shift your coin to your own wallet. Though when a big project like eth upgrade every single exchange support it. So nothing to worry about. Everything will be the same. Maybe we can show some price hike if we are luckym
May 14, 2020, 03:45:10 PM
Do not worry, the old chain will be hardforked and your coins will automatically appears on the new version of blockchain, where will be a lot of new features, for example staking.
May 14, 2020, 03:08:24 PM
You don't even need to bother about all these. Nothing will happen to your ETH and you don't have to do anything extra. Just keep your wallet details safe and personal.
May 14, 2020, 02:35:14 PM
Yep. There is hope to those that have not that much ETH but want to stake.
I'm also waiting for that.
Do you have other POS tokens? NEO was nice with their GAS. Sadly I sold all of them.
But to give you an idea, Tezos looks ok for me. Neo is also a good one at least for me but I never had it.
Yes, Tezos is still making headway and I feel the journey up has just started. It was quite surprising to see it at that position and it is never going to stop there. The door is still open for whoever wants to invest in both ETH and Tezos.
Although this is never a piece of advice, I am also fine with those two too.
May 14, 2020, 02:33:29 PM
Unless it occurs by a hostile takeover fork, then it's unlikely that you'll lose your 3 ETH.
Most of the time the chain is forked up to a certain block, so as long as you don't accidentally send your funds to the wrong chain during the transition period, you'll be fine.
You can look at what happened when Bitcoin split into Bitcoin + Bitcoin Cash, BTC holders retained their funds and earned an equivalent amount of BCH.
A similar setup will occur when ETH moves to POS.
Most of the time the chain is forked up to a certain block, so as long as you don't accidentally send your funds to the wrong chain during the transition period, you'll be fine.
You can look at what happened when Bitcoin split into Bitcoin + Bitcoin Cash, BTC holders retained their funds and earned an equivalent amount of BCH.
A similar setup will occur when ETH moves to POS.
Jump to: