ETH V2.0 Testnet Experience Outage - Is this a sign for a choke?

[Coin_trader]

Recently, ETH V2.0 finally rolled out the public testnet that all ETH fans are most awaited for. I believe this is the main reason for the recent price hype of ETH.
The testnet turns to a disaster when validators plunge from 75% to 0% due to a bug in how Prysm clients track time. See below the image that some users shared.

(Click the image for the complete details)

Do you think ETH V2.0 will gonna make it and impress again the crypto community? There are other projects that claiming they surpass already Ethereum TPS and the only bullet left for ETH is this upcoming update. If this V2.0 is a failure then this means ETH already choke.  

[tranthidung]

Ethereum developers have delayed the ETH 2.0 release for years and the recent Moon ride of fees force them to speed up the progress to 2.0. It is good to see their 2.0 on testnet that help the price to rise recent days. They tend to choose a good time to release the test and maybe the official version on main net soon. Right time because the halving of bitcoin triggered the new phase of bull mode for not only bitcoin but also all crypto market.

A minus point is the DeFi trend plays almost same role as ICOs in 2017 and 2018 on ETH network as well as its reputation. They can not control legitimacy of projects that run on their chain. It sucks. Many scam ICOs and IEOs stole money of investors. Now the DeFi trend will steal money from investors again. They can not blame on project developers (scammers) and investors like what Google blames on phishing apps on their Play Store.

I wish all best for ETH but I open to more bad news on them because of DeFi's shit projects. Do you see the YFI? What an extremely over-valued price for it?

[timmmers]

Vitalik Buterin said about Ethereum that he won´t make the same mistake again, rather they develop a fully working solution that will work perfectly and not what happened to v1.0 that was full of bugs and patching these bugs is much harder than creating a completely new one. 

[landoffaucets]

That is a real disaster, they didn´t test it before test-net? I thought that test-net is just proof that it works correctly and not that after few days a critical bug is founded. 

[casperBGD]

That is a real disaster, they didn´t test it before test-net? I thought that test-net is just proof that it works correctly and not that after few days a critical bug is founded. 

it was found and solved within a short time period, so i would not say that is that crucial for ETH2.0 network, Prysm was down, but there are other clients working on the same time, test-net is used for this one, and it is good to find bugs during the process, so that the network is rolled-out in good condition

[Yaunfitda]

That is a real disaster, they didn´t test it before test-net? I thought that test-net is just proof that it works correctly and not that after few days a critical bug is founded. 

it was found and solved within a short time period, so i would not say that is that crucial for ETH2.0 network, Prysm was down, but there are other clients working on the same time, test-net is used for this one, and it is good to find bugs during the process, so that the network is rolled-out in good condition

Yes, but it makes those validators very nervous because of the bugs. And we have seen the market reacted negatively with this bugs as the price went down briefly. But I do think that ETH 2.0 will have some bugs that will come out as the testnet is being roll out slowly. But it just shows that no system are perfect and it's good that this bugs are seen early.

[elda34b]

At least this was not on mainnet so disaster could be avoided. I'd be more than happy if we have lots of bugs found on the testnet even if it is big, as long as we can avoid it on the mainnet. If this happens on the mainnet then lots of stuff that use ETH network will be affected for sure. Not only the price will go down, maybe more bad stuff will happen.

[Coin_trader]

I wish all best for ETH but I open to more bad news on them because of DeFi's shit projects. Do you see the YFI? What an extremely over-valued price for it?

It's will be a disaster once this DeFi madness was over, Imagine YFI is just like a PONZI scheme that purely paying a percentage daily by just staking without doing anything. But I'm a bit concerned about $YAM coin, This coin is a complete rip-off of $AMPL with same rebase feature. A mere meme coin that listed on Big exchange with 17M market cap without any real use case? What a joke and I'm surprised that many people are still falling for it and choose to ride what death wave.

I wonder if the ETH V2.0 might steal the spotlight to DeFi coins.  

[tsaroz]

That's why this is a testnet. Bugs and problems are expected and they'll move on with new solutions. There would be ofcourse some solutions to every problems but not all solutions are as good. I hope the team takes its time in building a solid network than just patching some errors and bugs and rushing to launch it. If Ethereum failed to deliver what people are expecting it to, people would just move on to other platforms.