> once proof of stake finality arrives
Which it hasn't, despite being six months away for years now.
You cannot handwave away problems by promising you'll fix them with X in Y months, when you consistently fail to deliver X.
Which it hasn't, despite being six months away for years now.
You cannot handwave away problems by promising you'll fix them with X in Y months, when you consistently fail to deliver X.
Bitcoin grows popular and its proof of work burns increasing amounts of electricity. Ethereum devs do not want to see Eth go the same way, and prioritize Proof of Stake, which will not require any more waste. The devs sketch out new roadmaps, do research, and make slow but steady progress; software always takes longer than you think.
Meanwhile, Bitcoin has completely fossilized for political reasons and basically cannot be improved at this point. Bitcoin maximalists (diehards) recognize Eth as an existential threat and start pushing this meme of PoS being always 6 months away, despite the actual Eth devs never promising such things.
I've been passively following this scene for years and read/watched tons of content about it, but I still wouldn't know how to pay my friend across the room, especially not without an internet connection.
That's what people are complaining about they are years behind on what they promised.
https://hackmd.io/@benjaminion/eth2_news
From the current edition:
Go/no-go decision on doing the Merge or postponing the difficulty bomb to be discussed on the 29th of April [2022] ACD call.
If it’s "go" then start merging the existing testnets at 2 week intervals with a view to doing the real thing in July [2022].
https://github.com/ethereum/pm/blob/master/AllCoreDevs-Meeti...
It seems you've given a long answer which can be simplified to "No"
Technical pitfalls and project stewardship can reasonably explain some delay — but years and years of it? And more than one statement that it’s just “months away?” The whole process has a fetid cloud hanging over it.
that it has literally just been postponed again https://twitter.com/TimBeiko/status/1514010098145759232
I've not had time to pay attention much over the past months, but to me that June date was always a silly rumor. Correct me if I'm wrong. End of year is what I heard, but even that isn't set in stone of course and I wouldn't be surprised if it doesn't happen till then.
In true "decentralised fashion" the devs spread their info thin over multiple veues so it's hard to hunt down their statements.
But we could take to ethereum.org which previously stated [1]
--- start quote ---
When's it shipping?
~Q2 2022
This upgrade represents the official switch to proof-of-stake consensus. This eliminates the need for energy-intensive mining, and instead secures the network using staked ether. A truly exciting step in realizing the Ethereum vision – more scalability, security, and sustainability.
--- end quote ---
Same is still on Consensys: https://consensys.net/knowledge-base/ethereum-2/faq/
[1] http://web.archive.org/web/20220202044446/https://ethereum.o...
Most people just learn from their environment.
See my previous comment above.
The decision was no-go, and pushed back to an estimated "autumn", so, literally "6months away", as usual.
You are free to reject such appeals to your patience and choose to use other products and services. Yet, people are also free to ignore your opinion that "blockchain is bad because of X" when they believe they are able to solve X.
Arguments about when/if Ethereum will switch to PoS are different, because neither you are I can do anything about it either way; it comes an argument merely about predicting the future.
If you are talking with your elected presentative who wants to vote against a PoW ban who is holding out for a switch, then that is a different story.