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by rhincodon 1668 days ago
If POS is really as bad as claimed, then why is Ethereum 2.0 going to be using POS?
3 comments

It's not bad. This piece is written by a bitcoin maxi.

https://vitalik.ca/general/2020/11/06/pos2020.html

The naive assumption is that the people making that choice stand to become much richer from the change
Well, how many times has it been delayed? Clearly it's not all sunshine and rainbows.
What’s delayed? Beacon chain has been running on mainnet since last December-ish. http://beaconcha.in
The merge was going to happen by the end of this year, but miners complained https://news.ycombinator.com/item?id=26441399 and then it was delayed again. https://www.coinhighlight.com/2021/10/ethereum-eth-devs-look...
> but miners complained https://news.ycombinator.com/item?id=26441399 and then it was delayed again

To be clear, it wasn't delayed because miners complained, it was delayed because it wasn't ready yet.

The merge was expedited over miner concerns, prioritizing it over sharding as originally planned, so it’s actually the opposite of what you are saying.
Sorry, I didn't mean to draw such a straight line between the two things. My point is just that it didn't happen last year, and even after being expedited, it won't happen this year either.
But-but-but! frustrated by facts
They’ve been saying Etherium will switch to proof of stake “soon” since like 2017!