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I'm glad they are clarifying the language here, but it's still fairly useful to use ETH2 as a moniker from a public marketing point of view. It's much easier th
by chrisco255 5y ago
I'm glad they are clarifying the language here, but it's still fairly useful to use ETH2 as a moniker from a public marketing point of view. It's much easier than explaining beacon chain, execution layer, consensus layer, etc to just say we have a new version of Ethereum coming out later this year and then go into more details after.
- ethbr0 5y agoPer their notes, one of the reasons driving this is to prevent unscrupulous parties from attempting to scam users re: swapping their tokens for "2.0" tokens. Which, yes, this seems like it would help decrease confusion. But good lord, the blockchain infosphere is an aggressively adversarial one!
- solveit 5y agoTurns out trustlessness wasn't just aspirational
- chrisco255 5y agoAgreed that it's a good idea from that perspective. It doesn't help that Coinbase listed ETH2 as a separate asset in their app to represent staked yield producing Ethereum. It can be adversarial. It's like the dark forest analogy that Dan Robinson coined: https://www.paradigm.xyz/2020/08/ethereum-is-a-dark-forest/ https://www.paradigm.xyz/2020/08/ethereum-is-a-dark-forest/
- bobsmith1983 5y agoDo you know if staked eth on Coinbase are gone? Did we lost that money? sorry I m still a beginner in this and worried about my staking.
- wmf 5y agoNothing is changing except the terminology. Nothing is gone.
- vmception 5y agoThat's the weakest reason out of all the other reasons, because there are many more scammers with a much greater incentive to make money who all have infinite time to think of some other way to get people's money.