Ethereum 2.0 delays thread

[bobyhodob]

@Tash. I predict another delay on November after this delay hehehe. The statement also said unless we find severe bugs in clients and protocol. This does not show confidence on the development of project.

I expecting a delay as well they might launch the final testnet in the coming weeks but when it comes to mainnet I think Jan 2021 is still the best bet.
TBH I don't care if decide to delay again because I am immune to their delay news lol.

I hope January 2021 will certainly be able to be launched because there are already many people waiting when ethereum 2.0 is launched and hopefully this can give many changes about ethereum prices, if it is postponed again it will make many investors disappointed and think that this ethereum is not good .

[Tash]

@Tash. I predict another delay on November after this delay hehehe. The statement also said unless we find severe bugs in clients and protocol. This does not show confidence on the development of project.

I expecting a delay as well they might launch the final testnet in the coming weeks but when it comes to mainnet I think Jan 2021 is still the best bet.
TBH I don't care if decide to delay again because I am immune to their delay news lol.

30 Jan 2021 the "delays" is at 4 year  mark. Four years to produce some lines of code, preparation to fly to the moon took less time. Let that sink in.
The delay is not even the real problem.
Much bigger issues is not being able to scale (grow) and inflation Eth 2.0 horrendous inflation will be the final straw.
We all know what 1% staking means in real life, over 3% inflation. Who wants to loose that much of the investment year after year?
Meantime Bitcoin inches closes and closer to next reward halving, and again, again.....

[bbc.reporter]

@Tash. The delays might have good reasons because the platform they are trying to develop is impossible without centralization.

I predict the Eth 2.0's beacon chain might become something similar to IOTA's centralized coordinator.

[Tash]

@Tash. The delays might have good reasons because the platform they are trying to develop is impossible without centralization.

I predict the Eth 2.0's beacon chain might become something similar to IOTA's centralized coordinator.

Who's to say there ever will be a Eth 2.0 beacon chain....
The proplem at hand a 1% staking reward is way to high, any less no-one is willing to stake, and Bitcoin supply will halve and halve......

Lets look at hard core facts.
Peercoin has been staking since 2012 at a 1% reward.
What does it mean in real life, well it inflated at over 3% (average 3.14% past 6 years) that is worse than fiat.
You know something else Peercoin was worth $0.43 on April 8, 2013. today $0.257371 the result when inflation is greater than fiat.

Year	Total Supply	New Coins	Inflation % per year
2012	15094912	15094912	58,38%
2013	20982872	5887960	22,77%
2014	21971814	988942	3,82%
2015	22867470	895656	3,46%
2016	23738826	871356	3,37%
2017	24544131	805305	3,11%
2018	25116222	572091	2,21%
2019	25854837	738615	2,86%
2020	26383018	*528181	*3,56%

(*in 205 days)

[viananda2525]

no matter for me if ethereum postponed again releasing ethereum 2.0  . i am not holder ethereum with huge amount and so delaying not be my problem, i just hope i could fill my bag if many investors disappointed with this delaying and sell their eth. soon or later ethereum will launched their new version , it just about time .today their team still make sure it could run perfectly.

yep right mate,i see this condition as our opportunity if there are alot investors or community disappointed about ethereum 2.0 delaying. isn't it be our purpose investing in cryptocurrency market or other finance industry. from investors psychology we able to gain money , good or bad news about ethereum 2.0 there are always occur opportunity there.

[bbc.reporter]

@Tash. My argument is not on staking rewards or on the inflation. There are coins that pump whichever percentage the mining or staking rewards the development team has assigned to them.

I was arguing about the beacon chain. Vitalik and his development team might do it similar to IOTA. I reckon Cardano did something similar also.

[Tash]

Ethereum 2.0 delays 1201 days and counting...

Initial story 18 months after release, Ethereum will switch from POW to POS aka Ethereum 2.0
Thursday, 30 July 2015 --->  Monday, 30 January 2017 ...... Friday, 15 May 2020   blah, blah, blah...

Be patient, it is not easy to change POW to POS, and they are still working on it, if they are Scammers then they will not do anything,
Ethereum will show that they are giants of the crypto currency platform

You joking right,  there are hundreds of coins who have done it without problems, first being Blackcoin. (Pure Proof of Stake since 2014)

30 January 2017 --> 22 August 2020 = 1300 days late

When you think things cant get worse:
https://www.trustnodes.com/2020/08/16/ethereum-2-0-testnet-breaks-into-4-forks?tncpw_session=c07ffdfdfc7c3d340b51ccb1fe572a4cd7af1705689a980f47b1e01b017b34f8

[IShishkin]

Moses led the Exodus through the desert for 40 years! Just think about that. 

Ethereum 2.0 delays 1201 days and counting...

Initial story 18 months after release, Ethereum will switch from POW to POS aka Ethereum 2.0
Thursday, 30 July 2015 --->  Monday, 30 January 2017 ...... Friday, 15 May 2020   blah, blah, blah...

Be patient, it is not easy to change POW to POS, and they are still working on it, if they are Scammers then they will not do anything,
Ethereum will show that they are giants of the crypto currency platform

You joking right,  there are hundreds of coins who have done it without problems, first being Blackcoin. (Pure Proof of Stake since 2014)

30 January 2017 --> 22 August 2020 = 1300 days late

When you think things cant get worse:
https://www.trustnodes.com/2020/08/16/ethereum-2-0-testnet-breaks-into-4-forks?tncpw_session=c07ffdfdfc7c3d340b51ccb1fe572a4cd7af1705689a980f47b1e01b017b34f8

[imons]

Ethereum 2.0 delays 1201 days and counting...
Initial story 18 months after release, Ethereum will switch from POW to POS aka Ethereum 2.0
Thursday, 30 July 2015 --->  Monday, 30 January 2017 ...... Friday, 15 May 2020   blah, blah, blah...

Be patient, it is not easy to change POW to POS, and they are still working on it, if they are Scammers then they will not do anything,
Ethereum will show that they are giants of the crypto currency platform

You joking right,  there are hundreds of coins who have done it without problems, first being Blackcoin. (Pure Proof of Stake since 2014)
30 January 2017 --> 22 August 2020 = 1300 days late
When you think things cant get worse:
https://www.trustnodes.com/2020/08/16/ethereum-2-0-testnet-breaks-into-4-forks?tncpw_session=c07ffdfdfc7c3d340b51ccb1fe572a4cd7af1705689a980f47b1e01b017b34f8

This takes reaaally long time, but we have to wait (what else we can do anyway?)
I believe it will improve eth heavily and it will lead to huge lead, so it worth the waiting time.
It took bitcoin several years to become an useful technology, so it doesn't happen overnight or even overthreeyears

[leea-1334]

You joking right,  there are hundreds of coins who have done it without problems, first being Blackcoin. (Pure Proof of Stake since 2014)
30 January 2017 --> 22 August 2020 = 1300 days late
When you think things cant get worse:
https://www.trustnodes.com/2020/08/16/ethereum-2-0-testnet-breaks-into-4-forks?tncpw_session=c07ffdfdfc7c3d340b51ccb1fe572a4cd7af1705689a980f47b1e01b017b34f8

Not so simple for a smart contract platform I am sure that is also moving to a different coding language if I understand correctly. And then problems more with consensus with so many hundreds of developers (okay the core is not as many but still).

The testnet thing failed to get ETH down, now back at $440. I wonder what is this logic?

[Finestream]

Good initiative OP, I think we will be needing this thread and it will be a long thread per my expectation since I believe more delays will happen, and I think it has help Ethereum to recover slowly and they'll be using this opportunity to keep the hype before they will launch the ETH 2.0.

Talking about the hype, looks like Ethereum's going to cross $500 soon.

The thread will be 7 months this sept 8 this year.

[hulla]

You joking right,  there are hundreds of coins who have done it without problems, first being Blackcoin. (Pure Proof of Stake since 2014)
30 January 2017 --> 22 August 2020 = 1300 days late
When you think things cant get worse:
https://www.trustnodes.com/2020/08/16/ethereum-2-0-testnet-breaks-into-4-forks?tncpw_session=c07ffdfdfc7c3d340b51ccb1fe572a4cd7af1705689a980f47b1e01b017b34f8

Not so simple for a smart contract platform I am sure that is also moving to a different coding language if I understand correctly. And then problems more with consensus with so many hundreds of developers (okay the core is not as many but still).

Dapps and smart contract coin can not be use to compare the previous project that have done the samething ETH is planning because ETH is widely used and there will blockchain upgrade (possibly code changed) during the process but the consensus is not the problem.

The testnet thing failed to get ETH down, now back at $440. I wonder what is this logic?

Despite the Tron4.0 and ETH2.0 comparison done by Justin, i the logic is simply the trust people had in ETH.

[AmoreJaz]

Good initiative OP, I think we will be needing this thread and it will be a long thread per my expectation since I believe more delays will happen, and I think it has help Ethereum to recover slowly and they'll be using this opportunity to keep the hype before they will launch the ETH 2.0.

Talking about the hype, looks like Ethereum's going to cross $500 soon.

The thread will be 7 months this sept 8 this year.

delays are fine as long as they are doing something productive for this new version of eth. because for most crypto projects, delay means they are heading to their final curtain. but eth of course is different, they are heading to the much anticipated version that will benefit a lot of crypto followers, eth users/supporters in particular! so i really have no worries about this delay thing. while waiting, do something that will advance your position here in crypto

[bbc.reporter]

Good initiative OP, I think we will be needing this thread and it will be a long thread per my expectation since I believe more delays will happen, and I think it has help Ethereum to recover slowly and they'll be using this opportunity to keep the hype before they will launch the ETH 2.0.

Talking about the hype, looks like Ethereum's going to cross $500 soon.

The thread will be 7 months this sept 8 this year.

The price of a coin and the state of a coin in the cryptospace are mutually exclusive. Ethereum Classic is an evidence of this. It had 3 51% attacks, however the price never dumped hehehe.

[seoincorporation]

...

Talking about the hype, looks like Ethereum's going to cross $500 soon.

The thread will be 7 months this sept 8 this year.

That bump in the price means version 2.0 should be close, when the world realizes the amount of ETH they need for mining, it will be highly demanded and that can be translated into a turbo bump.

Keep holding guys, this is going to the moon.

[bbc.reporter]

@seoincorporation. That pump in price might only mean that there are people that speculate Eth 2.0 is close. We have seen this many times before similar to the bitcoin ETF pumps then delays hehe.

However, if you are an Eth investor, I understand your excitement. But prepare for disappointment also.

[qwizzie]

I suspect a lot of people don't understand what the 2.0 update includes, or how long this update will take to fully implement (it is a multi-year update).

https://consensys.net/knowledge-base/ethereum-2/faq/


Now take a guess which phase a congested network like Ethereum with its rising gas fees really needs ? Which phase will really fix things for its network ?

[beerlover]

We are talking about ethereum here, not blackcoin, if you think it is the same you are wrong and I mean very very wrong. Ethereum is the second ranked coin and it has a lot more pressure and a lot more relied on it, there is no way that they could actually end up with anything quick to make it work right away and just fix things along the way, it is not like that and I would assume that people would have to actually follow them around to make sure their things (dapps and new coins and all that) do not get broken as well.

So, etheruem is taking time, sure it shouldn't have been 1300 days late but it is getting closer and they are not saying like they will do it now, they already said that it will be 2021 so it is not really late, it is just postponed, not like they work on it and will publish any day now, we know it is postponed so we just gotta wait around and see.

[Tash]

We are talking about ethereum here, not blackcoin, if you think it is the same you are wrong and I mean very very wrong. Ethereum is the second ranked coin and it has a lot more pressure and a lot more relied on it, there is no way that they could actually end up with anything quick to make it work right away and just fix things along the way, it is not like that and I would assume that people would have to actually follow them around to make sure their things (dapps and new coins and all that) do not get broken as well.

So, etheruem is taking time, sure it shouldn't have been 1300 days late but it is getting closer and they are not saying like they will do it now, they already said that it will be 2021 so it is not really late, it is just postponed, not like they work on it and will publish any day now, we know it is postponed so we just gotta wait around and see.

If there was never any intention to change over after 18 months then we are talking about outright (investor) fraud.
31 January 2021 is the 4 years late mark.  Things getting worse not better, gas price is out of control even without real usage.

[jacafbiz]

There are so many hype around Ethereum 2.0 anmd thet eam can not afford to mess up, if they failed to deliver any significant improvements compared to what we already have in the space then I can see Ethereum losing its grip on the market, now there are some good projects all they need to do is to incentives developers to build on their platform