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As someone who also tries to form a balanced view of crypto, the detractors are right about one thing: Bitcoin uses an awful lot of energy. It’s also pretty fun

As someone who also tries to form a balanced view of crypto, the detractors are right about one thing: Bitcoin uses an awful lot of energy. It’s also pretty fundamental to Bitcoin, to the point that I think it is at odds with the world’s goals to decarbonize electricity generation. The fact that Ethereum is tackling the energy use problem head on with proof of stake and and doing so within the next year makes it incredibly appealing.

davidgerard 5y ago
Buterin's just put ETH2 back to the end of 2022, keeping PoS perpetually 18 months in the future, where it's been since 2014. So I would recommend counting this chicken when it's hatched, and not a moment before. https://tokenist.com/buterin-explains-why-ethereum-2-0-upgrade-wont-arrive-until-late-2022/ https://tokenist.com/buterin-explains-why-ethereum-2-0-upgra...
- FabHK 5y ago
  Conclusion: Fusion energy will be available a fixed number of years after ETH PoS.
- conradev 5y ago
  Ethereum actually pushed the sharding portion of ETH2 back to end of 2022, not proof-of-stake: > Originally, the plan was to work on shard chains before the merge – to address scalability. However, with the boom of layer 2 scaling solutions, the priority has shifted to swapping proof-of-work to proof-of-stake via the merge. My ETH is already staked as ETH2, and it looks like the plan is still to do the merge in “2021/2022”. https://ethereum.org/en/eth2/merge/ https://ethereum.org/en/eth2/merge/
- miracle2k 5y ago
  As sibling points out, this is not correct. Unfortunately there are a number of sections in your book where you engage in a similar kind of misdirection as this.
  - davidgerard 5y ago
    This is an example of the crypto advocate style of attempted nitpicking that isn't actually of substance and makes no difference to the point. You don't get to claim PoS is happening until it happens, given Ethereum's consistent track record of failure to make any such thing happen. If the ETH token readily tradeable for money on crypto exchanges is not at all based on PoW before the last quarter of 2022, I for one will be tremendously surprised.

davidgerard 5y ago

Buterin's just put ETH2 back to the end of 2022, keeping PoS perpetually 18 months in the future, where it's been since 2014. So I would recommend counting this chicken when it's hatched, and not a moment before. https://tokenist.com/buterin-explains-why-ethereum-2-0-upgrade-wont-arrive-until-late-2022/ https://tokenist.com/buterin-explains-why-ethereum-2-0-upgra...

FabHK 5y ago
Conclusion: Fusion energy will be available a fixed number of years after ETH PoS.
conradev 5y ago
Ethereum actually pushed the sharding portion of ETH2 back to end of 2022, not proof-of-stake: > Originally, the plan was to work on shard chains before the merge – to address scalability. However, with the boom of layer 2 scaling solutions, the priority has shifted to swapping proof-of-work to proof-of-stake via the merge. My ETH is already staked as ETH2, and it looks like the plan is still to do the merge in “2021/2022”. https://ethereum.org/en/eth2/merge/ https://ethereum.org/en/eth2/merge/
miracle2k 5y ago
As sibling points out, this is not correct. Unfortunately there are a number of sections in your book where you engage in a similar kind of misdirection as this.
- davidgerard 5y ago
  This is an example of the crypto advocate style of attempted nitpicking that isn't actually of substance and makes no difference to the point. You don't get to claim PoS is happening until it happens, given Ethereum's consistent track record of failure to make any such thing happen. If the ETH token readily tradeable for money on crypto exchanges is not at all based on PoW before the last quarter of 2022, I for one will be tremendously surprised.