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Lark Davis shared: Vitalik says the move to proof of stake for Ethereum is likely by July, however, it won’t like do much to reduce fees.
Community Response: Anxiously awaiting eth2 Vitalik Buterin and Coinbase. I’m starting to wonder if I will have to be eternally held hostage staking at a measly 5% until eth2 releases. Thanks for rooking me into a noob mistake on my first staking experience Coinbase.
Why Polygon and not Solana? Solana is no good. Solana has certain good features but I don’t know that much about it I know and use polygon Matic a lot.
Poly is an easy decision as its whole roadmap is connected to ETH’s security. Even the current chain settles on ETH. I don’t know why anyone would want a centralized L1 like Solana that just goes down constantly and has a CEO. It’s kind of absurd.
All of them are centralized! Don’t be fooled!
“I’m such a sucker for staking my ETH for 2.0.” No, you’re not. ETH is the next iteration of the APP Stores (for business). Only retail penny flippers are worried about the current gas fees. (People like me buying NFT’s to flip). Look at the bigger picture. Decentralization is the key.
Proof of Stake leads to corruption anyways. More of the traditional legacy system.
That’s false. People just go hard for the pride of work because BTC has it. Nothing at all wrong with POS.
Power is transferred to the top holders when it is POS.
You’re joking right. Do you even understand the game theory of Ouroboros? The logic is, the big holder is like spiderman. Great power great responsibility. They do some shit – they’d lose everything. Imagine giving that power to someone who doesn’t have anything to lose.
The game is no longer permissionless and immutable in POS. Top holders have all the power. You can trust them if you want, I’ll stick with BTC, trustless, permissionless, and immutable. Proof of Work (PoW) doesn’t give top holders power over the network.
Also, the same reason why not all countries are going to adopt BTC. I’m not against BTC. But altcoin’s future is as bright as bitcoin too.
Do you think Solana (SOL) will overtake ETH?
I don’t even know why they still pay attention to ETH. The world has EGLD, the best crypto in every way. It is time for everyone to strongly adhere to it.
ETH2.0 is delayed to 2023. Only PoS is happening this year.
If ETH 2.0 is delayed to 2023, this means another year in an abusive relationship and ETH Marxist would be like I love ETH. We all know what the victims say when they are in an abusive relationship.
Cheater commitment? Gas fees will be the same. It’s a must to flip ETH by SOL, AVAX, FTM, MATIC which are the best replacement for ETH, and derate and de-rank ETH permanently!
The best replacement is ALGO from the Algorand blockchain, fast, free, economical, ecological. I vote for ALGO!
Honestly, MATIC is the way to go. The speed of ETH development will not catch up with the speed of growing crypto industries.
This was always known. I don’t know why you’re making it sound like a surprise. Rollups and sharding are the scaling plans and the only feasible ones for any of these chains. All other L1s will reach the same problem as Ethereum with the Trilemma.
No, they won’t deceive LUNA has scaled a lot already and still, fees are less than 0.30 on all transactions.
ETH will be replaced next bull run sadly by either Cardano, SOL, or LUNA, it would put it somewhere top 5-7.
This is the point. Layer 1 transactions on ETH will always be comparatively more expensive. It solves base layer security; what institutional investors want. L2 is where you move your currency ‘up’ and across, or back ‘down’. No brainer ETH.
I am very much ADA>ETH, but even CH has said L2 is the path forward so a lot of this bashing is kind of disingenuous. I do all my ETH transactions on polygon and haven’t given fees a 2nd thought in a very long time.
Still bullish on ETH. This is good news for layer 2s! MATIC IMX both should continue to see mass adoption in this space.
L2s Are already out and integration is only increasing. The future is multi-chain and many other chains are sacrificing their security layer via a lack of decentralization for throughput.
