/biz/ - Business & Finance

>>24409893
when muun?

>>24409893
32 ETH coming through

>>24409893
I am afraid ETH 2.0 will be sell the news event once retards learn it's only staking phase and scalability is 2+ years away. Convince me I'm wrong.

Once again i've been near the fires of destruction but managed to survive. Last time it was (btc) 50 bucks away from liq back in march

>>24410920
>Convince me I'm wrong.
Because ETH is fundamentaly undervalued already. Even at 1k USD it would still be undervalued. It's literally the most used and important blockchain.

>>24411027
>It's literally the most used and important blockchain.

>Blocks your path

>>24410920
Sell? Only a complete moron would sell at this point, we have been accumulating for years.

Why sell when you can kick back relax and live off staking? Staking is real, its here, it starts tonight.

>>24409893
Been hearing about this for 1 year now. Will it actually ever happen

>>24411089
As great as I think Cardano can be, it isn't there yet.

>>24409893
Thank you money Skelly

IT CAN'T FUCKING SCALE. HOW MANY TIMES DO WE HAVE TO SAY THIS?!?!

ETH is pure spaghetti code. ETH was without a doubt a great idea; I will not deny that at all. However, most people in crypto don't have the comprehension or knowledge to be able and look at the code-base and identify flaws that could be catastrophic, both in terms of economic, security, and overall functioning in cost signals.

Vitalik is smart. However, he's the most retarded smart person in all of crypto. He's a fucking child who doesn't own up to his inability to produce a creation and has longevity. Him and his cronies wrote shitty-ass code. It can't scale. The only way it can scale is constant upgrades each time they feel things are getting congested. This is where the problem lies. It is impossible for ETH to implement a scaling solution to where it doesn't need upgrades anymore. For ETH to work, it will need constant upgrades of ETH 2.0, 3.0, 4.0, so on and so forth for an indefinite amount of time - just kicking the can down the road. Off-chain scaling won't work either because ETH's security is already shit on a stick. Making something more complicated that is already a piece of shit is 100% pointless. People can never steadily develop something on ETH because with each 'scaling upgrade', those who are creating on ETH will have to pivot each time to ensure their product is compatible to work on ETH. To sum it up, each time ETH decides to upgrade to scale, it just gets worse.

For ETH to work to the level needed, the amount of ETH in ever single wallet needs to be known after each transaction. Since ETH cannot implement SPV, it's impossible for ETH to scale because it does not have the capabilities to know the exact amount of ETH in every single ETH wallet after each transaction at a massive scale.

The only way to permanently fix ETH would be to roll back the chain to the beginning almost. Vitalik is just your average Russian retard who can't produce anything of value.

>>24410920
staking ALSO speeds up the chain, based retard

>>24411109
Relax? Staking is quite difficult and you need to have good internet access and decent infrastructure or else you'll be penalized for unexpected downtime. Also can't withdraw for several years. Somehow other chains implemented staking without such hurdles.

>>24411269

not scalable

>>24411269
this guy has been spamming the same copypasta for months LMFAO

>>24411298
literally nobody has implemented non-delegated staking.

>>24411298
Calm down, there will be many trustworthy staking custody solutions very soon. Youll be able to have cuckbase or gemini or whatever stake for you with a simple click of a button.

>>24411282
Ok this is new to me. Please explain how does phase 0 (staking) speed up the chain NOW. There is no computation or transactions happening on beacon chain for a long time. Or am I missing something?

>>24411366
based acoomulator trying to supress the price

I have a but more than a half ETH. Am I gonna make it?

I have also 1k XRP

>>24411414
After the initial transition to Ethereum 2.0, the network will see an improvement to somewhere between 2000 and 3000 transactions per second. But more gradual improvements will be added to bump the speed capabilities up to 100k transactions per second. ETH2 scaling for data will be available *before* ETH2 scaling for general computation. This implies that rollups will be the dominant scaling paradigm for at least a couple of years.

>>24411519
>half an eth
you have to leave now

>>24411298
baby cant keep his computer on

>>24411545
Aren't rollups working independently of beacon chain anyway?

>>24411636
guy wants to stake with his gaming laptop

pic related

>>24410920
>only staking phase.
So when does Ethereum switch from POW to POS?

>>24411545
Ok found the Vitalik quote and you confused it a bit.
https://twitter.com/VitalikButerin/status/1277961594958471168
1. The ETH 1.0 as data layer can provide 2k tps with rollups. This is independent of ETH 2.0 launch.
2. The improvements won't be gradual but rather steep (when working shards are implemented in phase 1 rollups will be bumped and multiplied by the number of chains if I understand it right).
3. That's scaling for data before scaling for computation (correct).
Looks like I was right. 2.0 is literally irrelevant for now. It's the progress of rollups that matters for scalability for a while before phase 1.

Post buterinas.

>>24412137
POW will likely only be phased out after phase 2 is deployed, tested and successful. Before that there will be phases 1.0, 1.5. It's still being researched and might not materialize for 2 or more years.