Ethereum 2.0 is shaping up

[joseyphil82]

There are details coming out from the Ethereum 2.0

• To need to be a POS validator, one should hold at least 32 Ether.
• The validator's income would be between 4.6 to 10.3% per annum.

The reward seems to be Okayish due to nature of Ethereum but the large issue is still the scalability of the coin and we hope the new update would easily solve that problem for today and the future.

Honestly speaking Eth moving from POW to POS can be a bad idea, i can't  help but keep thinking about all that hash power of eth, and how many miners around the world prefer to mine eth because of its profitability but now it will be no more, am i the only one seeing this?

[Chikito]

• To need to be a POS validator, one should hold at least 32 Ether.
• The validator's income would be between 4.6 to 10.3% per annum.

I have been read all detail here : by Collin Myers at ConsenSys Solutions: Examining the Proposed Validator Economics of Ethereum 2.0
It's completed article you should read about Ethereum 2.0

[Javi_Anibarro]

So if I understand this correctly, this will probably take 1-2 years for the early phases, but staking will start as soon as the beacon chain is released (I am guessing early 2020)?

And the early phases may be a bit of a conundrum for coin holders -- they can swap to POS but you won't be able to swap back or withdraw, or hold and wait ... latter I assume will still be the main chain and listed on exchanges like normal, so tradeable, and the POS coins will be locked in.

Which in a way could result in the coin spiking in price if a decent number of coins are locked up in POS-land while others try to chomp up coins to meet the POS requirements. But if not, then those early folks who locked into POS I'd guess will get the better rewards, so it would have been smarter to swap them over.

Yes it will probably take 1-2 years if there is no delay and assuming beacon launches in 2019 or early 2020. And Beacon chain is specialized in managing proof of stake protocol which means it will live as soon as Beacon chain launches. We have heard this transition for almost 2 years, there could be a delay happening in the future, do not forget ETH 1.0 and ETH 2.0 will still operate in parallel.

[Herbert2020]

so basically they are going to kill the project in long term as the price is going to get dumped a lot harder after a while when the huge whales that own millions of ETH start dumping their accumulated free coins that they get just because there is a huge 10% profit for them out of thin air for doing nothing. and since they have virtually no cost (since it is no longer PoW and there is no mining involved) they can consider that free money as pure 100% profit. and that dump will crash the market on top of the ongoing dump that happens due to unlimited nature of ethereum and the fact that it already has a huge supply in circulation.

[vanya.pronin.1983]

Still do not understand why people are so overhyped about the next update. I personally, do not believe that another update will solve all the problems and will make ETH to increase its price. The lack of updates and team engagement is destroying ETH.

[EmmanCryp]

So proof of stake for ethereum will be going live soon. That's cool. Minimum hold amount is ok but nothing special about returns compared to other competitions.

[poornamelessme]

so basically they are going to kill the project in long term as the price is going to get dumped a lot harder after a while when the huge whales that own millions of ETH start dumping their accumulated free coins that they get just because there is a huge 10% profit for them out of thin air for doing nothing. and since they have virtually no cost (since it is no longer PoW and there is no mining involved) they can consider that free money as pure 100% profit. and that dump will crash the market on top of the ongoing dump that happens due to unlimited nature of ethereum and the fact that it already has a huge supply in circulation.

If I read the plans correctly, I wouldn't expect any dumps from staking for at least 1-2 years. As whatever is staked while on the beacon chain can't be withdrawn (I think).

However, long term may be a different story. I'm not sure how many will be getting that 10% or how many will be closer to 4%, I guess that could be a factor. If the reward system is based on number of coins held in staking, which is what I assume, the model may be closer to some sort of tiered masternode, so large holders may not be so eager to dump all staked coins, as if they did then their reward percentage would go down.

[Youghoor]

There are details coming out from the Ethereum 2.0

• To need to be a POS validator, one should hold at least 32 Ether.
• The validator's income would be between 4.6 to 10.3% per annum.

The reward seems to be Okayish due to nature of Ethereum but the large issue is still the scalability of the coin and we hope the new update would easily solve that problem for today and the future.

Personally I don't really think this new advancement to Ethereum is gonna bring any specific change into the Ethereum market and its ecosystem. A coin with no quantity limitation will always have problems with its market value. In as much that this upgrade looks good and promising, its gonna have no real impact on the market value of Ethereum. So far as there is still creation of new Ethereum coin, this upgrade is just gonna have no change on the market ecosystem...