Lark Davis shared: Ethereum proof of stake (PoS) is just 3 months away!

Community Response:  Could someone explain this to me like I was 5 years old?

It’s going to be explosive, Avalanche, Solano, and the likes are gonna get dwarfed if Ethereum gas prices drop, expect an exponential surge in eth prices, it might be a good time to start buying eth?

Gas prices will always be so high is their best weapon for mass exodus! Keep dreaming!

No one wants proof of stake. Ethereum is more secure than ever, why take a very risky decision?

Anyone that wants Ethereum to have fast transactions and low fees. AKA anyone that has anything or wants to put anything on the Ethereum blockchain? Anyone who uses Ethereum wants proof of stake.

So, the XRP way was the better way.

The fact that Layer 2 exists is enough proof that not even the Layer 2 ETH devs believe in the Layer 1 ETH devs, aka Vitalik and his crew. Ethereum 2.0 will never come out. You can keep dreaming. XDC IS the Ethereum Killer.

Is XDC a full system state fork of Ethereum like PulseChain? Are they also doing the world’s largest airdrop? Do they have the best community in crypto as PulseChain does?

I’m just as excited about inari alpha. Hope it’s more like 3hrs, 3 days, maybe 3 weeks, but good lord! 3m and we might see ETH at 5000 dollars!

Good! It’s been delayed upon delayed. Let’s hope it happens this time.

The only Proof we need from ETH is the blueprint to ETH “2.0”.

Unless they delay it like they did the last time.

Sarcasm:  3 months away from being 3 months away

Nah man we don’t know yet exactly. There is no official date. People always post the last estimations as facts. And then they complain about delays. When in fact there was never an official date for the hard fork. It’s official when we know the block number showing on Ether Scan.

Ether 2.0 will also feature the creation of 64 new chains -shards, each of which will run parallelly to the Beacon Chain. Expanding the size of the current database on the main chain will mean access to data would require extremely powerful computers. Energy use goes back up!

The current sharding design doesn’t use shard chains anymore (Google danksharding). At most, nodes would need a cheap disk drive (not even SSD) to store some extra memory split across nodes. Not even close to the energy required for PoW.

I thought that was the XDC logo. With that said, XDC is the real Ethereum Killer. Lowest gas fees out of all at $0.0000000001.

Eth 2.0 or Tesla FSD is just happy talk. It will just get continually get delayed because there is too much risk. Maybe migration will happen if eth price falls dramatically and is left with no choice but to migrate just to compete. My 2 Satoshis. Appreciate, your daily content.

The moment Eth 2.0 is launched on POS it’ll be marked a Security! Think about it, Eth 2.0 launched by Eth Foundation gives ‘fixed predictable returns’ for staking. People holding and staking an asset in anticipation of future returns is an Investment contract as per Howey Test.

Only if they use Cardano ERC20 converter and become Cardano blockchain… only that way they can become Proof of stake… otherwise will be mess and loss of huge money on eth blockchain. Everything will collapse like a house of cards.

I just woke up from a sleep that lasted about 4 years but it seems like it was just a few hours because ETH PoS is still 3 months away.

What about the Origin problem? How does it get solved? There is no superior consensus to PoW. ETH should not switch to PoS even though I don’t care.