Re:An exploration of MakerDAO’s governance incentives
by latchkey on Thursday March 12, 2020 @04:00PM
(#22561112)
ETH2 will deployed in phases. It will take many years before ETH1 PoW is turned off, if ever.
Unfortunately, many people don't understand the actual dynamics of all of this and they equate ETH2 phase 0, which is supposed to see the light of day this year (I'm personally doubtful of even that), with the 'end' of PoW. Nobody in their right mind would trust many billions of value to some brand new unproven consensus model.
That said, if they think they can make it work, I'm all for letting them try.
Unfortunately, many people don't understand the actual dynamics of all of this and they equate ETH2 phase 0, which is supposed to see the light of day this year (I'm personally doubtful of even that), with the 'end' of PoW. Nobody in their right mind would trust many billions of value to some brand new unproven consensus model.
That said, if they think they can make it work, I'm all for letting them try.