Vitalik Buterin: no Proof-of-Stake before November 2021 for Ethereum

Vitalik Buterin answered questions from the community on Reddit. In particular, he gave more information on the transition from Ethereum to Proof-of-Stake.

Ethereum is slowly moving towards Proof-of-Stake

The slow and complicated transition from Ethereum to Proof-of-Stake has long been chronicled. Several times the project got caught up in issues that caused delays. But this does not mean that the developers will choose to come up with the new version of Bitcoin Profit in a rush, according to Vitalik Buterin.

The creator of Ethereum explains in a Reddit thread that the implementation of sharding is not particularly problematic in terms of temporality, but that it is another story for the transition to Proof-of-Stake. Beyond the technical difficulties and deadlines, Vitalik Buterin explains that fundamental work will have to be done to convince the community :

“The Ethereum community as a whole, including main Eth1 developers, block explorers, exchanges, etc. Must be convinced that the Proof-of-Stake is sufficiently risk-free and that a full transition can now be made. “

No passage to Proof-of-Stake before November 2021

Hence this conclusion from Vitalik Buterin: the transition from Ethereum to Proof-of-Stake will not take place before November 2021, at the earliest:

“I would say that less than a year is not realistic . Even if a full merge implementation magically arrived in February, I would still recommend waiting until around November. [This is] convince people that the Proof-of-Stake is secure, so that they do to the idea that the entire ecosystem to 50 billion will become really depends a nt of Beacon Chain. “

The creator of Ethereum also recalls that investing in Ethereum is a matter of faith, and confidence in the future of the ecosystem:

“If you chose Ethereum today, you should do so not because you believe the current rules (economic or technical) deserve to be protected and stabilized at all costs, but because you believe in the direction that the ecosystem . “

Will Vitalik Buterin manage to gather enough lost sheep in his parish? This is the question that arises when the contract for the staking has been opened. Today 108,704 ETH has been staked out of the 524,888 ETH that needs to be locked in for the mainnet to launch. Ethereum 2.0 phase 0 will be initiated in early December. It remains to be seen whether the community will show sufficient confidence… and patience.

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Led Varela: The time has come, I want to save on Bitcoin

Led Varela, a well-known Venezuelan comedian, was the last famous person to get on Bitcoin’s trolley.

After Maise Williams, the popular actress from Game of Thrones, went out yesterday to ask about Bitcoin on her Twitter, Led Varela, a popular Venezuelan comedian, is the next celebrity to join Bitcoin’s euphoria to announce via Twitter that he wanted to „save on Bitcoin.

Varela, who is active doing comedy shows throughout the Americas, used his Twitter account with over 388,000 followers to ask the „don bitcoin and doña bitcoin“ who were on the network to help him determine the most reliable way to save on Bitcoin.

 

Varela’s tweet saw a lot of comments, especially from the Venezuelan crypto community. Some recommended that he use the ‚Dollar Cost Averaging‘ technique and buy a fixed amount every fortnight. Others advised Led to be „patient“ and buy when there is a sharp drop in the market. The popular word „FOMO“ also came up, explaining to Led if he was really letting go of the bullish sentiment that was around Bitcoin or if he was aware of saving long term with the market’s main cryptomoney.

What was a massive reaction was the recommendation to study and learn more about what Bitcoin really has to offer. A number of Podcasts, articles and various introductory videos were left in response to Varela’s tweet from most of the community.

As of this writing, the price of Bitcoin is at $17,479, up 4.87% in the last few hours.

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Pico de precio de Bitcoin en diciembre de 2021 cuando comienza la ‚carrera alcista principal‘ – Willy Woo

Un rebote en el índice de fuerza relativa de Bitcoin se hace eco a principios de 2017, antes de meses de acción al alza del precio a máximos históricos de $ 20,000.

Bitcoin ( BTC ) está al comienzo de su próxima „carrera alcista principal“ y el precio máximo no alcanzará hasta fines de 2021, cree el conocido analista Willy Woo.

En una de las muchas discusiones recientes en Twitter el 11 de noviembre, el creador del recurso estadístico Woobull presentó nueva evidencia de que las ganancias de precios de Bitcoin apenas están comenzando.

Woo: Bitcoin RSI „se está calentando“

Al subir un gráfico que muestra el índice de fuerza relativa (RSI) de Bitcoin, Woo observó similitudes entre el comportamiento actual de la métrica y el de principios de 2017.

“El círculo verde indica dónde nos encontramos en este macrociclo. Inicio de la carrera alcista principal (por si aún no es obvio) ”, comentó.

“El índice de fuerza relativa en cadena de BTC se está calentando. Las verticales rojas son las mitades, proporcionando el impulso de choque de oferta alcista „.

RSI analiza el comportamiento de los precios durante un período específico. Su cálculo involucra la proporción de cierres promedio más altos y más bajos durante ese período.

Gráfico RSI de 365 días de Bitcoin frente a precio con aspectos destacados. Fuente: Willy Woo / Twitter
Woo estaba usando su propia tabla RSI de 365 días, y sus lecturas siguen su posición durante una actualización anterior en julio. En ese momento, Bitcoin estaba terminando un período de la llamada compresión RSI, que acompañó a una serie de mínimos más altos y máximos más bajos para el precio de BTC.

En julio, Woo predijo que la carrera alcista comenzaría en el cuarto trimestre de 2020 y se extenderá hasta 2021, algo que hasta ahora se ha convertido en una realidad. Ahora, sugiere que la nueva fase alcista solo alcanzará su punto máximo en aproximadamente un año.

“Mi elección es diciembre de 2021, tengo que vender para pagar impuestos como la última vez”, respondió cuando se le preguntó sobre un posible pico.

2021 será el año de los récords de precios de BTC

Como informó Cointelegraph , Woo no es el único que afirma que el rendimiento de Bitcoin en las últimas semanas es una anomalía, que luego se corregirá a la baja.

El CEO de Real Vision, Raoul Pal, y el cofundador del intercambio de Gemini, Tyler Winklevoss, han declarado que un nuevo récord histórico para BTC / USD llegará a más tardar el primer trimestre del próximo año.

Mientras tanto, los problemas técnicos que acompañaron el aumento a $ 16,000 se han disipado gracias al reajuste automático de la dificultad de minería de Bitcoin, con las tarifas en picada y las transacciones no confirmadas cayendo a casi cero esta semana.

Un nuevo reajuste a la baja, estimado en un 6%, se prevé en unos cuatro días.

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