[ANN] Ethereum: Welcome to the Beginning

[the_thing]

Launch Date For Ethereum 2.0 Testnet to be Announced Monday so I guess we are finally going to get a release date for the Ethereum 2.0 testnet. Waited too long hopefully no more delay.

Seems kind of silly though to make an announcement about a future announcement of a testnet release... which simply means it'll still be like 4 months (if it works) before phase 0 of a multi-year process to get to 2.0.

It'd be like an author making a pre-announcement about the date he plans to announce the font he is choosing to use when writing his book. I guess it at least means progress is being made, but still, seems kind of underwhelming.

I agree its a bit silly but I guess they wanted to create some sort of buzz before announcing a date. I have no problem they can do anything they like as long as they don't delay again and positively announce the date next week lol.

[Maslate]

Launch Date For Ethereum 2.0 Testnet to be Announced Monday so I guess we are finally going to get a release date for the Ethereum 2.0 testnet. Waited too long hopefully no more delay.

Seems kind of silly though to make an announcement about a future announcement of a testnet release... which simply means it'll still be like 4 months (if it works) before phase 0 of a multi-year process to get to 2.0.

It'd be like an author making a pre-announcement about the date he plans to announce the font he is choosing to use when writing his book. I guess it at least means progress is being made, but still, seems kind of underwhelming.

I agree its a bit silly but I guess they wanted to create some sort of buzz before announcing a date. I have no problem they can do anything they like as long as they don't delay again and positively announce the date next week lol.

What are they doing? Are they making some hype here, I think since the announcement date was emphasize, then I expect they will have a good news, no more delays, people are tired of the delaying tactic they are doing, it doesn't do good with the project, and I think the timing is good now since the market is quite stable and in the last weeks, ETH has been stable and a little bullish.

[logictense]

Launch Date For Ethereum 2.0 Testnet to be Announced Monday so I guess we are finally going to get a release date for the Ethereum 2.0 testnet. Waited too long hopefully no more delay.

Seems kind of silly though to make an announcement about a future announcement of a testnet release... which simply means it'll still be like 4 months (if it works) before phase 0 of a multi-year process to get to 2.0.

It'd be like an author making a pre-announcement about the date he plans to announce the font he is choosing to use when writing his book. I guess it at least means progress is being made, but still, seems kind of underwhelming.

I agree its a bit silly but I guess they wanted to create some sort of buzz before announcing a date. I have no problem they can do anything they like as long as they don't delay again and positively announce the date next week lol.

What are they doing? Are they making some hype here, I think since the announcement date was emphasize, then I expect they will have a good news, no more delays, people are tired of the delaying tactic they are doing, it doesn't do good with the project, and I think the timing is good now since the market is quite stable and in the last weeks, ETH has been stable and a little bullish.

Its media guys. They create hype. Ethereum themselves, they just do the work, finesse the beads and pieces of the whole thing before unfurling it to the pubic. Another thought, they have enterprise clients keen to know precise details and whatnot about the 2.0 milestone. These clients are more demanding than average investors and want to test features on testnet whenever possible, or as soon as it leaves buterins desk.

[Piston Honda]

hey everyone how is that $1000 ETH going?

[JollyGood]

Piston always pops in and out of thread posting his words of wisdom at the right time 

hey everyone how is that $1000 ETH going?

[omnipotence]

10x very quickly after tomm

[asanezz7]

if the Ethereum 2.0 still takes place, you can imagine how much power to spread out on the rest of the coins.
Who do you think will replace ETH for many? I think it's ETC

[omnipotence]

Testnet to in 2weeks
Aug 4

ETH 2.0 mainnet as early as Nov 4

Danny Ryan:



Let the games begin

[Piston Honda]

Testnet to in 2weeks
Aug 4

ETH 2.0 mainnet as early as Nov 4

Danny Ryan:



Let the games begin

yeah, 2021 or 2022 lol

[the_thing]

Testnet to in 2weeks
Aug 4

ETH 2.0 mainnet as early as Nov 4

Danny Ryan:
~snip~

Let the games begin

So finally they will be launching the final testnet in 2 weeks that's great news but I still have my doubts that they will be able to release their 2.0 mainnet before 2021 let see if they can really deliver this time or not.

[tippytoes]

Testnet to in 2weeks
Aug 4

ETH 2.0 mainnet as early as Nov 4

Danny Ryan:
~snip~

Let the games begin

So finally they will be launching the final testnet in 2 weeks that's great news but I still have my doubts that they will be able to release their 2.0 mainnet before 2021 let see if they can really deliver this time or not.

And they have bug bounty in place before fully launching ETH 2.0. This will be a good one so to speak. At least they will know the possible vulnerabilities of their network before the community utilize it.

https://cointelegraph.com/news/ethereum-challenges-hackers-to-attack-proposed-20-networks

https://blockchain.news/news/ethereum-calls-hackers-attack-ethereum-exchange-bug-bounty

[dragonvslinux]

It's always satisfying to read people complain about how long it's taking for Ethereum 2.0 to be released 
Keep complaining that they are dotting the i's and crossing the t's please! I'll keep accumulating at a great discount 
The longer it takes the better imo, gives more time to accumulate and for weak handed moon boys to disappear 

[tbearhere]

Is ETH 2.0 GPU Minable? If so what algo? thx 

[contraband]

Is ETH 2.0 GPU Minable? If so what algo? thx 

ETH 2.0 is POS

[omnipotence]

ETH dominance 10%

[Sy]

US Banking Regulator Greenlights Crypto Custody at Federally Chartered Banks
https://cointelegraph.com/news/us-banking-regulator-green-lights-crypto-custody-at-federally-chartered-banks

This is a really big news for the entire crypto space do you guys think this could be the reason for the ETH price surge?

[contraband]

US Banking Regulator Greenlights Crypto Custody at Federally Chartered Banks
https://cointelegraph.com/news/us-banking-regulator-green-lights-crypto-custody-at-federally-chartered-banks

This is a really big news for the entire crypto space do you guys think this could be the reason for the ETH price surge?

On one hand its nice to see crypto go more mainstream, as it supports wider adoption.

 I will not be storing my crypto at bank, but I can see moving in small amts of crypto to fund a fiat debit card.

Still, I don't see this news itself causing ETH to rise in price, but rather the news of testnet AUG 4 and mainnet this year.

[seven.71]

US Banking Regulator Greenlights Crypto Custody at Federally Chartered Banks
https://cointelegraph.com/news/us-banking-regulator-green-lights-crypto-custody-at-federally-chartered-banks

This is a really big news for the entire crypto space do you guys think this could be the reason for the ETH price surge?

On one hand its nice to see crypto go more mainstream, as it supports wider adoption.

 I will not be storing my crypto at bank, but I can see moving in small amts of crypto to fund a fiat debit card.

Still, I don't see this news itself causing ETH to rise in price, but rather the news of testnet AUG 4 and mainnet this year.

yes it is true that the increase in ETH is due to the announcement of tesnet in August, unfortunately its DEFI-based tokens are now down due to the surge in ETH prices

[dragonvslinux]

US Banking Regulator Greenlights Crypto Custody at Federally Chartered Banks
https://cointelegraph.com/news/us-banking-regulator-green-lights-crypto-custody-at-federally-chartered-banks

This is a really big news for the entire crypto space do you guys think this could be the reason for the ETH price surge?

On one hand its nice to see crypto go more mainstream, as it supports wider adoption.

 I will not be storing my crypto at bank, but I can see moving in small amts of crypto to fund a fiat debit card.

Still, I don't see this news itself causing ETH to rise in price, but rather the news of testnet AUG 4 and mainnet this year.

yes it is true that the increase in ETH is due to the announcement of tesnet in August, unfortunately its DEFI-based tokens are now down due to the surge in ETH prices

Personally I think it the other way round; DeFi-based token being over-extended and begun selling off, that has caused Ethereum to pump in price. Although the Ether locked in DeFi is still high around 3.9 million (3% of supply), approximately $1 billion, so this may only be the beginning of the sell-off, with current surge in price being based on speculation of a DeFi sell-off, rather than caused by the actual sell-off (which would make this situation even more bullish imo!). Note that in comparison there are only 17K BTC (0.08% of supply) locked into DeFi right now, approximately $172 million. ETHBTC is also now back above it's 200 Week MA, which seems somewhat predictable.

This is why I felt Ether would rise in price recently, as a sell-off in DeFi is more likely to benefit Ether than Bitcoin based on these metrics alone (by a factor >30:1). Fortunately this isn't like ICOs in 2018 whereby Ether is raised  then dumped on the market into $fiat, but instead it's Ether that's ready to be sold back into liquid Ether (in my mind at least).

[omnipotence]

$274!!!

Would love to see the price continue rising

11%+ Dominance incoming