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Author Topic: Community still believes in Ethereum 2.0 despite scaling challenges  (Read 220 times)
Jating (OP)
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October 10, 2019, 12:26:53 PM
 #1

Community still believes in Ethereum 2.0 despite scaling challenges

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At the 2019 Devcon in Japan, the Ethereum community was optimistic about the launch of the network’s second iteration, seemingly untouched by the latest controversy surrounding claims made by Ethereum’s founders about its inability to scale and grow.

https://cryptoslate.com/community-still-believes-in-ethereum-2-0-despite-scaling-challenges/

Oh yes, I think ETH 2.0 will really bring some positive vibes in the ecosystem. Lots of enthusiasts are waiting for this specially solving the scaling issue which Ethereum has been facing specially in the last two years or so. I believed that they really very serious in tackling it, that's why they are busy promoting this ETH 2.0.

What are your thoughts about this one? Do you think that we will see some bull run when ETH 2.0 are released early next year?

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October 10, 2019, 12:34:59 PM
Merited by tk808 (1)
 #2

Ethereum will stay with us like litecoin. Even the purposes of litecoin like ASIC resistant kind of things had been nullified some long time back itself, it is one of the highly reputed crypto due to its fame like why it was created even it was criticized as a clone of bitcoins. Similarly, IEO and other crowd funding developments may bring no room for ethereum to grow more, it may stay attractive among investors just like another crypto to diversify their risks.

Ethereum 2.0 may not bring ICO to be active like in 2017. But, definitely may provide some positive vibes into crypto community. When some new revolutionary technology would be innovated like how ethereum was celebrated on its arrival, who knows ethereum may test again $1000 too.

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October 10, 2019, 12:55:32 PM
 #3

My thought is the ETH developer said some controversy before the launch of ETH 2.0 to create a drama and getting attention from the community. Afterward, they introduce the update to the community that solves the scalability and boosts the utility. As we can see, the biggest project ETH face right now is scalability and back then scalability was on their paper but then it got deleted. I assume they knew ETH will face the problem with its scalability and they have prepared it for today.

I do not know if the bull run will happen because of this but I am pretty sure ETH will get momentum because of this.
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October 10, 2019, 05:29:48 PM
 #4

This is the last chance for ETH to make things better, because science 2017 there were absolutely nothing from Vitalik and his team. The last hardfork, was a garbage, that brought only disappointment and ETH 2.0 should help to fix this image.
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October 11, 2019, 03:24:31 PM
 #5


My apologies to the ETH fans out there, but I couldn't resist the temptation.
A lot of people say that sharding is unsolvable. It's interesting to see how ETH 2.0 will solve the problem.

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October 11, 2019, 03:33:36 PM
 #6

Community still believes in Ethereum 2.0 despite scaling challenges

Quote

At the 2019 Devcon in Japan, the Ethereum community was optimistic about the launch of the network’s second iteration, seemingly untouched by the latest controversy surrounding claims made by Ethereum’s founders about its inability to scale and grow.

https://cryptoslate.com/community-still-believes-in-ethereum-2-0-despite-scaling-challenges/

Oh yes, I think ETH 2.0 will really bring some positive vibes in the ecosystem. Lots of enthusiasts are waiting for this specially solving the scaling issue which Ethereum has been facing specially in the last two years or so. I believed that they really very serious in tackling it, that's why they are busy promoting this ETH 2.0.

What are your thoughts about this one? Do you think that we will see some bull run when ETH 2.0 are released early next year?

It's pretty biased to say the community supports ETH of course because the participants of that said ETH devcon are obviously fans of Ethereum. Despite this, i do still personally believe in ETH 2.0 and proof-of-stake and am quite confident it will be glorious once it is released.

ETH is definitely a huge BULL run in the making.

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October 11, 2019, 03:40:25 PM
 #7


My apologies to the ETH fans out there, but I couldn't resist the temptation.
A lot of people say that sharding is unsolvable. It's interesting to see how ETH 2.0 will solve the problem.
We have a lot of chain will solve the sharding like Elrond, For me ETH 2.0 will not affect the entire market and people pay attention because ETH 2.0 is so very fast than other blockchain. And I think its only for hype.
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October 11, 2019, 07:08:26 PM
 #8

ETH is in decline and it's keeping value by the inertion from the endless ICO's.

A few months ago I started courses on how to create DAPPs. While it's much more easiest to make a DAPP for Ethereum, the user base /the targeted base/ is moved to Tron and EOS.
IMO ETH 2.0, if ever starts, will not bring the necessary energy to stop this decline.

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October 11, 2019, 07:34:08 PM
 #9

The community was very excited about Ethereum's Constantinople hard fork, and we thought after the fork, Ethereum and other's altcoin price will be in the bull run, but nothing mentionable happened that time. So, I don't think Ethereum's 2.0 can boost the whole altcoins market into a bull run, Ethereum has no power to move the crypto market, only Bitcoin has. After the 2.0 upgrade, the Ethereum price can go for a little jump and we can hope for good.

Bitcoin is gonna hit 100K usd
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October 11, 2019, 08:20:30 PM
 #10

Basically Eth 2.0 is coming to solve scaling issues, i believe that if these upgrades result in faster and cheaper transactions on eth network in a smooth manner irrespective of amount of transactions then it will be a huge success and we will see Eth value flying as well, technically eth is already placed nicely for a big bull run but i think it just needs that super fundamental push and im sure the wait for eth supporters and holders is not long now before we hear the slogans of to the moon yet again.

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October 11, 2019, 08:31:26 PM
 #11

The more interesting thing is can you do 99% of Ethereum's REAL use-cases (so no kitties crap or World of Warcraft or real-time poker on top of the blockchain) without scalability issues and security nightmare which Ethereum contracts are. This problem is definitely a billion dollar problem (maybe more considering ETH marketcap). I think we in Ergo are about solving the problem, the basic contracts in Ergo are defined in the special WP https://ergoplatform.org/docs/ErgoScript.pdf, which has some follow-ups:  https://ergoplatform.org/docs/AdvancedErgoScriptTutorial.pdf and https://www.youtube.com/watch?v=g3FlM_WOwBU (paper: https://link.springer.com/chapter/10.1007/978-3-030-31500-9_16 )

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October 11, 2019, 08:42:39 PM
 #12

Ok let's say give Ethereum the benefit of the doubt here. It looks like they're really working very hard on this project of them (ETH 2.0) to bring back the confidence of investors and hope that the price could go on another boost after the released next year. And let's see if it will really solved their scaling issue, I mean ETH is still quite fast today, but they want to improved it because of so many competitions out there. But for those who thinks that it will bring back the 2017 glory days of altcoin, I doubt it, this is just a small steps to just shows the the people behind this project is still doing and keep it active because they really know that other crypto are hot on their tail and future ICO/IEO would choose other platforms to run their projects on mainnet not name Ethereum.

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Jating (OP)
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October 11, 2019, 11:59:08 PM
 #13

Yep, it could really bring some positive signs for Ethereum supporters in the long run. And who really knows, we might see it crosses $1k again, Lol. Last time we got there, it was a good and happy moment for everyone, early January-February 2018 when bitcoin was already on a downward spiral, Ethereum was making its run to a new all-time-high.

Ethereum 2.0 may not bring ICO to be active like in 2017. But, definitely may provide some positive vibes into crypto community. When some new revolutionary technology would be innovated like how ethereum was celebrated on its arrival, who knows ethereum may test again $1000 too.

Ok let's say give Ethereum the benefit of the doubt here. It looks like they're really working very hard on this project of them (ETH 2.0) to bring back the confidence of investors and hope that the price could go on another boost after the released next year. And let's see if it will really solved their scaling issue, I mean ETH is still quite fast today, but they want to improved it because of so many competitions out there. But for those who thinks that it will bring back the 2017 glory days of altcoin, I doubt it, this is just a small steps to just shows the the people behind this project is still doing and keep it active because they really know that other crypto are hot on their tail and future ICO/IEO would choose other platforms to run their projects on mainnet not name Ethereum.
I agree that there's competition and Ethereum is not that dominant anymore and up to today you will notice projects making exodus, to Tron and EOS and even BNB mainnet. But I believed that Ethereum can rise to the occasions and meet their competition with this new released next year.

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October 12, 2019, 01:12:04 AM
 #14

What do you expect from crypto community? They are definitely going to be positive in light on the new development in ethereum. The only thing that I really bothered is that why it took too long for them to developed and released the new version.

Maybe they are just waiting for the bear market to be over, unfortunately it's not the case. So they better be ready to go on live January next year otherwise the community might grow tired of waiting again.

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magneto
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October 12, 2019, 11:10:43 AM
 #15

Whether or not ETH 2.0 actually gets the job done in terms of scalability, people are still going to be using the ETH platform (whether for good or for bad, that is), given how many tokens are currently hosted on their ERC20 protocol already.

However, if scalability can be tackled, then ETH should be able to break its long term bear market against BTC. It could at least see a fraction of its ATH of 0.1+ BTC per ETH, imo.

But at the end of the day, this is one of the downfalls of investing in the altcoin with the most market cap currently - there isn't really a lot of upside even with this supposedly groundbreaking development. The main argument for ETH bagholders is the "flippening", because of the smart contracts etc. that ETH has over BTC, but they fail to consider that there will be coins with better technology out there in the future.
Nivia1st
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October 12, 2019, 12:13:41 PM
 #16

I'm sure there will be a price increase because of the launch of Ethereum 2.0. but that won't make the community forget that the real problem hasn't been solved. scalability, still an interesting discussion so far, because until now there is still no solution to solve it.

those who are passionate about 2.0 are the people who are waiting for the consensus POS. they hope that with the launch of 2.0, ethereum will have 2 consensus (POW & POS) and there will be many who hold ETH again in the future.

aioc
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October 12, 2019, 12:22:19 PM
 #17

Community still believes in Ethereum 2.0 despite scaling challenges

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At the 2019 Devcon in Japan, the Ethereum community was optimistic about the launch of the network’s second iteration, seemingly untouched by the latest controversy surrounding claims made by Ethereum’s founders about its inability to scale and grow.

https://cryptoslate.com/community-still-believes-in-ethereum-2-0-despite-scaling-challenges/

Oh yes, I think ETH 2.0 will really bring some positive vibes in the ecosystem. Lots of enthusiasts are waiting for this specially solving the scaling issue which Ethereum has been facing specially in the last two years or so. I believed that they really very serious in tackling it, that's why they are busy promoting this ETH 2.0.

What are your thoughts about this one? Do you think that we will see some bull run when ETH 2.0 are released early next year?

Obviously they still believe in Ethereum you can easily tell on how they perform in the market, any development will be welcome by the community, of course, if you are investing in Ethereum you want more updates that will solve existing issues, and this is the best time to fix that issues when market will soon move up.

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October 12, 2019, 12:32:18 PM
 #18

What do you expect from crypto community? They are definitely going to be positive in light on the new development in ethereum. The only thing that I really bothered is that why it took too long for them to developed and released the new version.

Maybe they are just waiting for the bear market to be over, unfortunately it's not the case. So they better be ready to go on live January next year otherwise the community might grow tired of waiting again.

I guess they just want to equate time with halving bitcoin. with so many updates happening next year, it will definitely lead to a big pump. this is what devs ethereum planned. if they release it now the impact that has been generated for ethereum and the crypto market will not be large, because the market is still trendown.

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AndRE177
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October 12, 2019, 10:12:08 PM
 #19

This is the last chance for ETH to make things better, because science 2017 there were absolutely nothing from Vitalik and his team. The last hardfork, was a garbage, that brought only disappointment and ETH 2.0 should help to fix this image.

I am sure that Ethereum 2.0 will not bring anything good for this coin and its price will not rise. The price of Ethereum depends primarily on the number of new projects appearing on its blockchain, and their number is constantly decreasing. This is the reason why Ethereum 2.0 will not help the growth of its price.

chaoscoinz
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October 12, 2019, 10:24:33 PM
 #20

Community still believes in Ethereum 2.0 despite scaling challenges

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At the 2019 Devcon in Japan, the Ethereum community was optimistic about the launch of the network’s second iteration, seemingly untouched by the latest controversy surrounding claims made by Ethereum’s founders about its inability to scale and grow.

https://cryptoslate.com/community-still-believes-in-ethereum-2-0-despite-scaling-challenges/

Oh yes, I think ETH 2.0 will really bring some positive vibes in the ecosystem. Lots of enthusiasts are waiting for this specially solving the scaling issue which Ethereum has been facing specially in the last two years or so. I believed that they really very serious in tackling it, that's why they are busy promoting this ETH 2.0.

What are your thoughts about this one? Do you think that we will see some bull run when ETH 2.0 are released early next year?
 Ethereum really took the Bitcoin model and revamped it well, keeping it true to it's original design (i.e being open source & decentralized). I think Ethereum is the closet thing to being a Bitcoin 2.0. I can see why people have faith and believe in the project so much, despite scaling issues, old consensus algorithms or any other shortcomings, because it is an excellent project, has a good team, and a very strong community.
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