Eth 2.0 can be delayed to 2024...

[sp_]

According to the Cardano Founder...

https://www.thecoinrepublic.com/2022/06/14/cardano-founder-announces-ethereum-2-0-is-not-as-early-as-you-think/

[1714021820]

1714021820

[1714021820]

1714021820

[1714021820]

1714021820

[CryptoATM]

Then Ethereum should be ready to lose its 2nd rank on coinmarketcap because its getting way too long and the more delays the more better ETH killer will be made, maybe, just maybe an ETH killer will become a reality this time around.

[sp_]

Then Ethereum should be ready to lose its 2nd rank on coinmarketcap because its getting way too long and the more delays the more better ETH killer will be made, maybe, just maybe an ETH killer will become a reality this time around.

After Ethereum's planned brutal attack on POW it will lose it's 2nd rank anyway.

[FP91G]

Will Cardano take second place on Ethereum?
What will we discuss after Ethereum stops using miners? Miners, miner developers, pools get $13 million every day. This is a big loss for most people. And with the price of ethereum over $ 4,000, this amount is about 50 million

[sp_]

pools get $13 million every day.

Security is expensive. POS doesn't work, And fakedollars (Stablecoins) that base their security on POS based based systems will hurt the most.

[FP91G]

pools get $13 million every day.

Security is expensive. POS doesn't work, And fakedollars (Stablecoins) that base their security on POS based based systems will hurt the most.

And if the first 3 pools want to make an attack?
https://miningpoolstats.stream/ethereum
POW mining also does not provide security for a coin if 3 large pools have a hashrate of more than 50% of the entire network. Mining is not as profitable right now, so reducing spending by $13 million per day could increase demand for the coin.

[Metroid]

What eth dev scammers want to do is keep those staked eth locked as long as they can because if they move to pos, people will want them to unlock those staked eth, meaning, they dont want eth to crash below 500 usd, because if they unlock then eth will crash around 300 usd or even less, so unlocking those staked eth before the next bullrun, at pre bullrun, will give them time to contain the crash while eth 2.0 will give them hype in order to make sheeps to buy in and rise eth price, they can manipulate the market as well by buying before anybody else cheap eth and then dumping it later on. All in all, eth dev scammers can do whatever they want and idiots who staked their eth cant do anything, even if eth crashes below 300 usd, do not invest everything in it, 20% is good, it might sound crazy but things happen and eth might even crash below 100 usd again, forks are dangerous, reason btc still strong is that it rarely does hard forks, meaning less chances to break something up on the network and crash because of that. Anyway, all this is a pump and dump scam cycle and how do we know it? Did btc crash below previous ath? yes, so that is the answer.

[sp_]

And if the first 3 pools want to make an attack?
https://miningpoolstats.stream/ethereum
POW mining also does not provide security for a coin if 3 large pools have a hashrate of more than 50% of the entire network.

Controlling the largest pools is not enough, you also need to control more than 50% of the mining software used. And you need to control it over a long period of time.

[bitquad]

According to the Cardano Founder...

https://www.thecoinrepublic.com/2022/06/14/cardano-founder-announces-ethereum-2-0-is-not-as-early-as-you-think/

He is a competitor to Ethereum. And still jaded after being kicked out of Ethereum. Eth 2.0 will come out when the developers are ready, not when Hoskinson thinks.

[adaseb]

I don’t think it will be 2024. Maybe end of 2022 as the latest. The issue with crypto taking a dump is that many of those developers from ETH probably had tons of investments in other coins and tokens that they might quit developing to get a coding job elsewhere.

I am sure many of those developers had lots of money in Defi, stETH, NFTs and other alts. They lost tons of their network and might need get another job to support themselves. So I can see delays in their plans.

[VRExpress]

Will Cardano take second place on Ethereum?
What will we discuss after Ethereum stops using miners? Miners, miner developers, pools get $13 million every day. This is a big loss for most people. And with the price of Ethereum over $ 4,000, this amount is about 50 million

The so-called big loss that you are talking about will get worse when Ethereum goes PoS algorithm, Ethereum is no more decentralized from that point on and also it will lose its security in some ways, people don't really understand the value of PoW algorithm and what it adds to projects.

[bitquad]

Will Cardano take second place on Ethereum?
What will we discuss after Ethereum stops using miners? Miners, miner developers, pools get $13 million every day. This is a big loss for most people. And with the price of Ethereum over $ 4,000, this amount is about 50 million

The so-called big loss that you are talking about will get worse when Ethereum goes PoS algorithm, Ethereum is no more decentralized from that point on and also it will lose its security in some ways, people don't really understand the value of PoW algorithm and what it adds to projects.

Ethereum has over 300,000 validators on the Beacon Chain. 3 mining pools can theoretically execute a 51% attack on POW Ethereum. And 4 mining pools can theoretically implement a 51% attack o Bitcoin. Sounds like the validators might be more decentralized?

Network             Validator Count   % of Supply Staked
Cardano (ADA)                   2,977   69.60% of 33 billion circulating supply
Avalanche (AVAX)           1,199   49.38% of 246 million circulating supply
Ethereum Beacon Chain   309,169   8.2% of 119 million circulating supply

[sp_]

Ethereum has over 300,000 validators on the Beacon Chain. 3 mining pools can theoretically execute a 51% attack on POW Ethereum. And 4 mining pools can theoretically implement a 51% attack o Bitcoin. Sounds like the validators might be more decentralized?

Network             Validator Count   % of Supply Staked
Cardano (ADA)                   2,977   69.60% of 33 billion circulating supply
Avalanche (AVAX)           1,199   49.38% of 246 million circulating supply
Ethereum Beacon Chain   309,169   8.2% of 119 million circulating supply

300000 validators, but if one validator or a group of validators control 8.3% they can theoretically execute a 51% attack. with only 8.3% of the network. An attack on ethereum will not only affect Ethereum, but also all the other coins that base their security on the ethereum. Coins like Tether (68BUSD) , Usd coin (55BUSD) and other stablecoins.

[bitquad]

Ethereum has over 300,000 validators on the Beacon Chain. 3 mining pools can theoretically execute a 51% attack on POW Ethereum. And 4 mining pools can theoretically implement a 51% attack o Bitcoin. Sounds like the validators might be more decentralized?

Network             Validator Count   % of Supply Staked
Cardano (ADA)                   2,977   69.60% of 33 billion circulating supply
Avalanche (AVAX)           1,199   49.38% of 246 million circulating supply
Ethereum Beacon Chain   309,169   8.2% of 119 million circulating supply

300000 validators, but if one validator or a group of validators control 8.3% they can theoretically execute a 51% attack. with only 8.3% of the network. An attack on ethereum will not only affect Ethereum, but also all the other coins that base their security on the ethereum. Coins like Tether (68BUSD) , Usd coin (55BUSD) and other stablecoins.

How can you do a 51% attack with 8.3%? That makes no sense at all. You need 51% to make a 51% attack. What's your source for that 8.3% claim?

https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/#:~:text=in%20its%20history.-,Proof%2Dof%2Dstake%20and%20security,ETH%20(about%20%2415%2C000%2C000%2C000%20USD).

PROOF-OF-STAKE AND SECURITY
The threat of a 51% attack still exists on proof-of-stake as it does on proof-of-work, but it's even riskier for the attackers. A attacker would need 51% of the staked ETH (about $15,000,000,000 USD). They could then use their own attestations to ensure their preferred fork was the one with the most accumulated attestations. The 'weight' of accumulated attestations is what consensus clients use to determine the correct chain, so this attacker would be able to make their fork the canonical one. However, a strength of proof-of-stake over proof-of-work is that the community has flexibility in mounting a counter-attack. For example, the honest validators could decide to keep building on the minority chain and ignore the attacker's fork while encouraging apps, exchanges, and pools to do the same. They could also decide to forcibly remove the attacker from the network and destroy their staked ether. These are strong economic defenses against a 51% attack.

51% attacks are just one flavor of malicious activity. Bad actors could attempt long-range attacks (although the finality gadget neutralizes this attack vector), short range 'reorgs' (although proposer boosting and attestation deadlines mitigate this), bouncing and balancing attacks (also mitigated by proposer boosting, and these attacks have anyway only been demonstrated under idealized network conditions) or avalanche attacks (neutralized by the fork choice algorithms rule of only considering the latest message).

Overall, proof-of-stake, as it is implemented on Ethereum, has been demonstrated to be more economically secure than proof-of-work.

PROS AND CONS

[sp_]

PROOF-OF-STAKE AND SECURITY
The threat of a 51% attack still exists on proof-of-stake as it does on proof-of-work, but it's even riskier for the attackers. A attacker would need 51% of the staked ETH

Currently only 8.3% of the total ethereum supply is staked ETH. You only need 8.31% to do a 51% attack. If the price continue
to fall, the network will become less secure..

[bitquad]

PROOF-OF-STAKE AND SECURITY
The threat of a 51% attack still exists on proof-of-stake as it does on proof-of-work, but it's even riskier for the attackers. A attacker would need 51% of the staked ETH

Currently only 8.3% of the total ethereum supply is staked ETH. You only need 8.31% to do a 51% attack. If the price continue
to fall, the network will become less secure..

That's not correct. Only the staked ETH will be validators. Just holding ETH in a wallet does not mean you would be validating transactions. You would either have to setup a 32 ETH validator or join a staking pool if you have less than 32 ETH to stake. IF you have 500 ETH and want to do solo staking you would have to setup fifteen 32 ETH validators. The remaining 20 ETH would have to be staked on a staking pool.

And currently 10% of ETH is staked, not 8.3%. It has increased.

You would need 51% of the 10% staked ETH to execute a 51% attack. There are over 300,000 validators. You would need to control more than 150,000 validators for a 51% attack. And doing this would mean your ETH could be slashed if you are a dishonest validator. Bye bye your funds.

[bitquad]

And if the first 3 pools want to make an attack?
https://miningpoolstats.stream/ethereum
POW mining also does not provide security for a coin if 3 large pools have a hashrate of more than 50% of the entire network.

Controlling the largest pools is not enough, you also need to control more than 50% of the mining software used. And you need to control it over a long period of time.

Source for that?

[a1 Hashrate LLC2022]

pools get $13 million every day.

Security is expensive. POS doesn't work, And fakedollars (Stablecoins) that base their security on POS based based systems will hurt the most.

And if the first 3 pools want to make an attack?
https://miningpoolstats.stream/ethereum
POW mining also does not provide security for a coin if 3 large pools have a hashrate of more than 50% of the entire network. Mining is not as profitable right now, so reducing spending by $13 million per day could increase demand for the coin.

Except that the three pools lose money making an attack so why do it?

Face it POS = piece of shit

and with the entire crypto market unwinding the fear of POS is greater.

So with luck My gpus which have been mining will keep mining and eth will not go pos for 18 months or more.

[bitquad]

pools get $13 million every day.

Security is expensive. POS doesn't work, And fakedollars (Stablecoins) that base their security on POS based based systems will hurt the most.

And if the first 3 pools want to make an attack?
https://miningpoolstats.stream/ethereum
POW mining also does not provide security for a coin if 3 large pools have a hashrate of more than 50% of the entire network. Mining is not as profitable right now, so reducing spending by $13 million per day could increase demand for the coin.

Except that the three pools lose money making an attack so why do it?

Face it POS = piece of shit

and with the entire crypto market unwinding the fear of POS is greater.

So with luck My gpus which have been mining will keep mining and eth will not go pos for 18 months or more.

You would lose money attacking the proof of stake Ethereum chain also. Dishonest validators get their ETH slashed.

[Outhue]

Will Cardano take second place on Ethereum?
What will we discuss after Ethereum stops using miners? Miners, miner developers, pools get $13 million every day. This is a big loss for most people. And with the price of ethereum over $ 4,000, this amount is about 50 million

Is Cardano the closest to Ethereum? I think its Avalanche, 🤔 anyways which ever it is I planned to become rich and the only way is if BTC goes down to 10,000$ and Ethereum goes to hundreds once again.