RE: You Call That A Correction? (ETH 2.0 Bubble) by yabapmatt

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· @yabapmatt ·
$0.16
Be careful about Ethereum. I think there's a lot of confusion about what exactly will be launching this year. Most people think it's the whole thing - i.e. a more scalable, PoS version of the Ethereum blockchain, but from my understanding it will literally be just simply a new chain that creates blocks via PoS consensus, but has no actual smart contract ability, or really any ability to do anything other than create blocks and move tokens.

It's been a little while since I've looked into it, but from talking to some Ethereum core devs last year it sounded like the smart contract functionality is potentially years out still. Maybe things have changed and I'm wrong, but I'm just saying you might want to check into that more closely.

Of course, who knows what the market price will do. Maybe it will skyrocket just because they released *something* and most people trading don't really know what's actually going on under the hood lol.
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@gniksivart ·
$0.05
Wait people don't just buy the rumor and sell the news without understanding what's actually going on?

Jokes aside, as a nondeveloper, thanks for the insight! At least it gives me a place to start doing my own research and brings it to my attention to start looking into it.
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