Eth 2.0 can be delayed to 2024...

[sp_]

A new Ghost fork has been scheduled in the rebel net. The Alaska meltdown fork. Stablecoin attack protection code being tested. smal bugfixes and improvements.
 
A new virtual hedge coin (fund) being tested  to lock the value to bitcoin (BTCT)  POS vs POW. it will work as USDT.. Locked to the price of Bitcoin. The BTCT will be using the strong POW rebel fork smart contract network. This blockchain is not bound by any  currency or country.

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[Bitcoin_Arena]

-snip-

I think you misunderstood what I wrote, but it was actually a similar point I was trying to put across while replying to devil2man who was saying cardano would overtake ETH in coinmarketcap rankings.

[a1 Hashrate LLC2022]

I am so encouraged by this thread I purchased an evga 3060ti today.

I got a great deal 502 new 3 year warranty. pre tax and pre coupons.

539 with the tax
 30 coupon
509
 60 coupon
449
 11 coupon
438 net with 1 year to pay it off at 0% interest


this is the card I got.

https://www.evga.com/products/product.aspx?pn=08G-P5-3667-KL

[Za1n]

I know that POS was (and still is) the plan all along for ETH, but I don't know why they cannot come up with some type of hybrid system, say 50% POS and 50% POW.

Some coins are now even going POUW (Proof of useful Work), so maybe some type of change in that area, say 50% POS and 50% POUW, since one of the main arguments for the switch to pure POS is to reduce energy consumption.

Myself I never was a fan of the POS concept in that is it simply bringing the normal financial system to crypto, mainly in that the reward goes to those with the most tokens (money). While POW is far from perfect, I am sure if efforts were focused into this area improvements could also be made to help reduce energy consumption and pretty much eliminate the useless work while still maintaining the decentralization benefits.

[bitquad]

In the meltdown fork (rebel fork) we want to premine the same amount as the staked ether in the POS fork. We are ready to release,but waiting for the V team to fork... Mining support is not needed, the genesis block has already been mined and the difficulty is low.  The final net will probably have a different structure, but if the V team decide to fork early, we are ready...  The devteam will be supported by the 15 million locked staked POS coins that will be converted to premined coins that can be sold to support the development of the new network. This amount was acceptable by the exchanges we have talked to in order to get it listed...
 -----

our motivation:

Look at Dogecoin. The market cap of Doge is now bigger than Litecoin (the forked coin) . We don't want to join the POS experiment, so we simply move to a more stable, secure and advanced technology POW. By forking, we can remove the whole management of the coin, the devs and the assets of their supporters.

Then we can push the coin in the right direction.  

At launch all Ethereum holders that haven't locked their funds for staking will receive the same amount of ethereum as they own. Currently this number is 89,2% of the supply but this it is expected to decrease if more users join the ethereum 2.0 staking pool.

So the 11.8% who have locked their funds in Ethereum 2.0, will loose their coins in the new Ethereum.

You can't attack 15 million coins of staked ETH with even 90 million un-staked ETH. You first have to stake the 90 million ETH. That's how the validators work. I am not sure you understand how it works. And if you attack the network you lose your ETH. Who's going to do that? George Soros?! lol!

Yes you can, In a Prof Of Wealth attack.

When 12% support POS and  88% support POW. You only need to hardfork, and replace the devs, the management and their supporters by freezing their assets...

This  is how democracy works. (Boris Johnson)
----

All ethereum holders that haven't locked their funds will receive the same amount ethereum in the rebel fork. 1:1. The Implementation is done by a team of old Bitcoin devs.

If you have more Ethereum staking validators then you can attack the network. That means someone has to setup over 300,000 validators with 32 ETH each to attack the POS network. And risk getting their funds slashed.
Also it is easier to recover from a POS attack than a POW attack.

Search for this topic on Google to understand more about it. You're delusional with some of your comments.

Youtube:
Ethereum 2.0: Proof of Stake vs Proof of Work | Vitalik Buterin and Lex Fridman

[philipma1957]

In the meltdown fork (rebel fork) we want to premine the same amount as the staked ether in the POS fork. We are ready to release,but waiting for the V team to fork... Mining support is not needed, the genesis block has already been mined and the difficulty is low.  The final net will probably have a different structure, but if the V team decide to fork early, we are ready...  The devteam will be supported by the 15 million locked staked POS coins that will be converted to premined coins that can be sold to support the development of the new network. This amount was acceptable by the exchanges we have talked to in order to get it listed...
 -----

our motivation:

Look at Dogecoin. The market cap of Doge is now bigger than Litecoin (the forked coin) . We don't want to join the POS experiment, so we simply move to a more stable, secure and advanced technology POW. By forking, we can remove the whole management of the coin, the devs and the assets of their supporters.

Then we can push the coin in the right direction.  

At launch all Ethereum holders that haven't locked their funds for staking will receive the same amount of ethereum as they own. Currently this number is 89,2% of the supply but this it is expected to decrease if more users join the ethereum 2.0 staking pool.

So the 11.8% who have locked their funds in Ethereum 2.0, will loose their coins in the new Ethereum.

You can't attack 15 million coins of staked ETH with even 90 million un-staked ETH. You first have to stake the 90 million ETH. That's how the validators work. I am not sure you understand how it works. And if you attack the network you lose your ETH. Who's going to do that? George Soros?! lol!

Yes you can, In a Prof Of Wealth attack.

When 12% support POS and  88% support POW. You only need to hardfork, and replace the devs, the management and their supporters by freezing their assets...

This  is how democracy works. (Boris Johnson)
----

All ethereum holders that haven't locked their funds will receive the same amount ethereum in the rebel fork. 1:1. The Implementation is done by a team of old Bitcoin devs.

If you have more Ethereum staking validators then you can attack the network. That means someone has to setup over 300,000 validators with 32 ETH each to attack the POS network. And risk getting their funds slashed.
Also it is easier to recover from a POS attack than a POW attack.

Search for this topic on Google to understand more about it. You're delusional with some of your comments.

Youtube:
Ethereum 2.0: Proof of Stake vs Proof of Work | Vitalik Buterin and Lex Fridman

no work no wealth.

btw i would argue pos = bond

which means eth will be fully regulated as if it is a bond.

good luck with a bond based on nothingness.

at least a bond with a real company is based on what the company produces.
or services or in the case of New Jersey Turnpike bonds they are based on the tolls collected and the physical roads and bridges that make the turnpike.

Pos = piece of shit based on nothing.

and if I am wrong it will be like a bond and fully regulated with every staker marked and kyc’d

btw only 15 mill coins staked

and 106 mill coins not staked.

and do you realize more than 30 million premined coins are out there right now.
not staked.
they can wipe the current stakers out.

in a snap in a takeover.

have you even consider that is what will happen if that is planned.

do you know who holds the premined coins?

they sold for very very very little fiat it is possible one guy owns 30 million eth and got them at under 1 dollar a coin.


60 million premined were sold at 13.8 million

12 million were kept by development foundation.

that is 72 million of 121 or 122 coins.

for pos to have any shot at working all those 72 million coins need to be revealed.

[JayDDee]

btw i would argue pos = bond

I would argue otherwise.
A bond frees up money that wasn't doing anything. POS locks up money so it can't do anything.

When a company issues bonds it intends to use the cash to grow the company. The buyers have cash
that was just sitting there so they buy bonds to earn interest. It prevents cash from stagnating.
POS only looks like a bond from the buyer (staker) side, it's a deposit that earns interest. There's no
more economic benefit than putting cash in a mattress where it stagnates.

[FP91G]

Answered by Vitalik Buterin:
"Also, small grammar nuance: in English when talking about things like proof of stake, we don't say "it's a security", we say "it's secure". I know these suffixes are hard though, so I forgive the error."
https://twitter.com/VitalikButerin/status/1546776356083699712

[philipma1957]

Answered by Vitalik Buterin:
"Also, small grammar nuance: in English when talking about things like proof of stake, we don't say "it's a security", we say "it's secure". I know these suffixes are hard though, so I forgive the error."
https://twitter.com/VitalikButerin/status/1546776356083699712

He can say to-ma-to or to-moto

He can say pa-ta-to or pa-tato

it will be ruled as an unbacked security/bond. in many countries.


what the real problem is he is expecting 15 million staked coins to rule over 107 million unstaked coins

and what is worse 60 million premined coins were issued at a cost of 13.8 million along with 12 million coins issued to developers at no cost.

so 72 million coins that cost under 20 cents each are not staked  what happens if they attack the network?

I realize that some of the coins in the premined could be staked but if it was 6 million of them are staked.

the other 66 million are not.

It is obvious that his pos is underfunded he need far more coins to be staked right now.

there is no real security at the moment with a mere 15 million of 122 million and 72 million were created under 20 cents.

If I were to push this pos idea i would need to see more like 40 million staked not a mere 15 million

[Metroid]

It seems the merger will start on august 2022 and end on september 2022, nothing was said about the day they will unlock the millions of eth that has been locked since 2020. The merger will contribute a lot for the huge crash that is coming between september 2022 and march 2023 and that is what I predicted since 2020.

[Salamande]

It seems the merger will start on august 2022 and end on september 2022, nothing was said about the day they will unlock the millions of eth that has been locked since 2020. The merger will contribute a lot for the huge crash that is coming between september 2022 and march 2023 and that is what I predicted since 2020.

Hehe well at least it will be less boring than now, waiting patiently for this huge crash and get some nice buying opportunity.

[Metroid]

It seems the merger will start on august 2022 and end on september 2022, nothing was said about the day they will unlock the millions of eth that has been locked since 2020. The merger will contribute a lot for the huge crash that is coming between september 2022 and march 2023 and that is what I predicted since 2020.

Hehe well at least it will be less boring than now, waiting patiently for this huge crash and get some nice buying opportunity.

Lets hope it will not crash that much, buying btc at 10k is good when it stays at 10k after you buy, buying at 10k and seeing crashing to 3k or lower could be very bad, before the merger scammers and thieves will pump cryptos one more time and then hehell, btc can get as high as 30k pre merger and then that epic crash to 10k and below.

[sp_]

so 72 million coins that cost under 20 cents each are not staked  what happens if they attack the network?

What do you think will happen to the price when we dump..

[adaseb]

Right now there aren’t that many coins staked because people probably are waiting for the merge to go live before they start to stake them. Since in the past once you started to stake you couldn’t stop. And this is why there is a little amount staked.

We will see how the merge comes and then most likely more people will be staking. And I also think in a bear market many won’t want to stake. If a bull market starts then more will be willing to stake then.

Either way Sept should be an interesting month.

[bitquad]

Right now there aren’t that many coins staked because people probably are waiting for the merge to go live before they start to stake them. Since in the past once you started to stake you couldn’t stop. And this is why there is a little amount staked.

We will see how the merge comes and then most likely more people will be staking. And I also think in a bear market many won’t want to stake. If a bull market starts then more will be willing to stake then.

Either way Sept should be an interesting month.

In a bear market it makes more sense to stake since prices are low and there is no more benefit in selling. Might as well earn yields in that case. Remember buy or stake when there's blood in the streets and sell when everything is green and people are greedy. I personally just hodl. However that's not the best for everyone and I do regret not selling some ETH when it hit ATH last year. But it is easy in hindsight to know where the top was. Many people thought ETH was going to go much higher before a correction. Very difficult to time the market. That's why people like Saylor just hodl and avoid trading and realizing capital gains tax.

[Metroid]

Last bulltrap in the making, get in sheeps hehe, I think this is it, the last bulltrap, now the question is, when to sell and then watch the carnage hehe, this happened before, eth got as high as 850 usd in april 2018 and then it crashed to 80 usd in november 2018, so watch where eth will get as high to then you divide by at least 7 hehe then you will get the bottom, so if eth only gets as high as 2500 usd then it will likely crash to 300 usd by the end of this year - march 2023.

[bitquad]

Last bulltrap in the making, get in sheeps hehe, I think this is it, the last bulltrap, now the question is, when to sell and then watch the carnage hehe, this happened before, eth got as high as 850 usd in april 2018 and then it crashed to 80 usd in november 2018, so watch where eth will get as high to then you divide by at least 7 hehe then you will get the bottom, so if eth only gets as high as 2500 usd then it will likely crash to 300 usd by the end of this year - march 2023.

You don't know that at all. Just grabbing numbers out of thin air. Are you a Bitcoin Maxi?

[Metroid]

You don't know that at all. Just grabbing numbers out of thin air. Are you a Bitcoin Maxi?

You can call me a pow maximalist hehe by the way, I'm not grabbing numbers out from thin air, just go and check the eth graph of 2018, everything I said is there as proof.

[bitquad]

You don't know that at all. Just grabbing numbers out of thin air. Are you a Bitcoin Maxi?

You can call me a pow maximalist hehe by the way, I'm not grabbing numbers out from thin air, just go and check the eth graph of 2018, everything I said is there as proof.

The trend is your friend until it is not. Past behavior does not necessarily mean it will behave that way in the future. Of course it is possible for Ethereum to go down quite a bit again. Hopefully though it won't correct as much as in 2018. The market is a bit more mature. Ethereum crashing from $1,350 to $88 in 2018/19 would be the same as Ethereum crashing from $4,800 in 2021 down to $300 at some future date. I guess you might have a point now that I look at it lol! Keep your fingers crossed that people have stronger hands than that

[philipma1957]

well I will say this much. coinbase is feeding a lot with their stake 100 to 500 and get 10%

so we may see a strong move to staking.  maybe V.B. pulls this off.

or delays till Jan