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My stance has been “I’ll believe it when I see it” after years of the merge being “months” away. I’m a skeptic but happy to see a major cryptocurrency switchin

by jitl 4y ago

My stance has been “I’ll believe it when I see it” after years of the merge being “months” away. I’m a skeptic but happy to see a major cryptocurrency switching off the planet burner.

zionic 4y ago
>after years of the merge being “months” away It's only been months aways for a few months though. I have endured years of gaslighting comments like this _specifically_ from this asymmetrically moderated community, despite knowing for example in 2017 that PoS was years away. The "maybe this year" started in Jan 2020. COVID happened. They didn't start saying "within a year" again until end of 2021. Meanwhile the _beacon_ chain launched in 2020, which is what's taking over for the PoW chain in ... 1 hour. Maybe you're acting in good faith and you misheard that the beacon chain was launching 2 years ago and thought that was this. But how likely is that really?
- Nursie 4y ago
  It's been a few months away since at least 2018 - https://medium.com/@jyspark/getting-prepared-for-ethereum-pos-staking-in-2019-3a3855e6a018 https://medium.com/@jyspark/getting-prepared-for-ethereum-po... And I can find talk about it being 'soon' from 2016 - https://stackoverflow.com/questions/33802343/when-will-ethereum-switch-to-proof-of-stake https://stackoverflow.com/questions/33802343/when-will-ether... So I think it's perfectly good faith to say we've been hearing about the 'imminent' switch to PoS for several years now.
- Tenoke 4y ago
  >despite knowing for example in 2017 that PoS was years away Weird since Vitalik said it will take 'maybe a year' and can be ready 'as early in 2018' in 2017. He has admitted many times he had and promoted much shorter timeframes than reality even calling it his biggest mistake in his Twitter AMA last year. https://www.trustnodes.com/2017/09/25/ethereum-may-upgrade-proof-stake-2018-says-vitalik-buterin https://www.trustnodes.com/2017/09/25/ethereum-may-upgrade-p...
eth_holder99 4y ago
Same, also a skeptic. Glad to see the project has met a minimum bar of environmental acceptability and GPUs are available again. I’ve seen this promised for so many years, so I’m not sure any congrats is really in order… Anyways I have no idea how the economics of PoS can work but hopefully people don’t lose all their money. The only complaint I have about this is I suspect the shills will be out in full force, trying to get my cash into their market cap.

by jitl 4y ago

My stance has been “I’ll believe it when I see it” after years of the merge being “months” away. I’m a skeptic but happy to see a major cryptocurrency switching off the planet burner.

zionic 4y ago

>after years of the merge being “months” away It's only been months aways for a few months though. I have endured years of gaslighting comments like this _specifically_ from this asymmetrically moderated community, despite knowing for example in 2017 that PoS was years away. The "maybe this year" started in Jan 2020. COVID happened. They didn't start saying "within a year" again until end of 2021. Meanwhile the _beacon_ chain launched in 2020, which is what's taking over for the PoW chain in ... 1 hour. Maybe you're acting in good faith and you misheard that the beacon chain was launching 2 years ago and thought that was this. But how likely is that really?

Nursie 4y ago
It's been a few months away since at least 2018 - https://medium.com/@jyspark/getting-prepared-for-ethereum-pos-staking-in-2019-3a3855e6a018 https://medium.com/@jyspark/getting-prepared-for-ethereum-po... And I can find talk about it being 'soon' from 2016 - https://stackoverflow.com/questions/33802343/when-will-ethereum-switch-to-proof-of-stake https://stackoverflow.com/questions/33802343/when-will-ether... So I think it's perfectly good faith to say we've been hearing about the 'imminent' switch to PoS for several years now.
Tenoke 4y ago
>despite knowing for example in 2017 that PoS was years away Weird since Vitalik said it will take 'maybe a year' and can be ready 'as early in 2018' in 2017. He has admitted many times he had and promoted much shorter timeframes than reality even calling it his biggest mistake in his Twitter AMA last year. https://www.trustnodes.com/2017/09/25/ethereum-may-upgrade-proof-stake-2018-says-vitalik-buterin https://www.trustnodes.com/2017/09/25/ethereum-may-upgrade-p...

eth_holder99 4y ago

Same, also a skeptic. Glad to see the project has met a minimum bar of environmental acceptability and GPUs are available again. I’ve seen this promised for so many years, so I’m not sure any congrats is really in order… Anyways I have no idea how the economics of PoS can work but hopefully people don’t lose all their money. The only complaint I have about this is I suspect the shills will be out in full force, trying to get my cash into their market cap.