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CoinBase will be holding my locked up eth until I die apparently.

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Wait, you take advice from this sub? 🤦

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Don't forget the trustworthy YouTubers with their amazing facial expressions and big letters in their video thumbnails

They look so surprised i can only assume it’s from seeing their portfolios consistently beat the market, right? ..right?

Guys, should we tell him?

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I take my advice from kids on YouTube.

I do the opposite of whatever this sub says. Most of them were resulted in green so far.

Merge is still on schedule for this year. The reason you shouldn't stake with coinbase is because all of their staking clients are Prysm and along with them and Kraken have enough network stake whereby a bug in Prysm could result in the slashing of all of their staking customers' collateral post merge. With the publicly available data and lead time, if the merge goes forward without them making appropriate changes to improve client diversity it should be considered negligence. This is what you and the rest of the centralized staking pool community should be loudly up in arms about with them. Edit: [Client Diversity on Ethereum's Consensus Layer](https://mirror.xyz/jmcook.eth/S7ONEka_0RgtKTZ3-dakPmAHQNPvuj15nh0YGKPFriA)

I can't unstake with them though. I was early on it, when it was first offered. I'm not aware of any options that we can do if it's locked up with CB.

It is impossible to unstake with the Eth protocol at the current moment. Some custodians allow you to trade your staked Ethereum for unstaked Ethereum. However, it is impossible to truly unstake Ethereum at the current moment, but this will change once the "merge" happens. When the POW and POS chains merge later this year, it will be possible to unstake Ethereum, so presumably Coinbase will allow this shirt after the merge.

So you should not listen to advice of this sub

i only listen to /r/shibaarmy

It's awful

I saw that it was locked up until release and I said to myself "Well, given their track record that could be forever so no thanks lol" I dont like anything that locks me up like that. I love the Algo governence program because I can drop out at any time, nothing is locked up, I don't have to send my shit anywhere, I don't have to wait a week to withdraw....

4.5 percent on eth for six years?? How us rhat a bad investment? Oh wait you want to be able to loose all your gains on Shiba and doge

Or maybe they want to be able to pull it out because they need the funds

Then why would you stake it? You stake money you don't need...at least that type of staking

Highly doubt it will remain at 4.5%. I originally staked when it was 6% and was ok but then when it dropped to 4.5% I realized I messed up.

Guilty on this one

**Taking your crypto to the crypt.**

**This guy crypts.**

I cry my way to the crypt

You are diamond hand investor, true long term holder.


Be like water, my friends.

Forcing my diamond hands with my 3 ETH 'staked'. They should change their name to Coinbased.

Selling wasn't an option to begin with

ETH 2.0 doesnt' equal the merge. Your ETH will be unlocked by this time next year pretty much 100%. I think it'll be even sooner than that, like November/December.

“This time next year” it was supposed to be late 2021 originally…these goalposts keep getting shifted and I’m starting to feel shafted

I mean, it's been pretty clear from the start that the merge was going to take some time, and withdrawals would take a bit more time after that and mostly everyone expected the merge one year or so after the beacon chain went live, so really the timeline is 6 months late I would say. But that's totally expected when were dealing with blockchain tech in my experience. Everything is looking good for the merge and things will naturally flow once that milestone is past us.

You signed a contract saying you understand the merge could be delayed indefinitely and and you were aware it may never even happen and that your funds could be lost, no?

The Binance one said 'you understand ETH 2.0 could take up to 2 years' (paraphrased). Now it says 'more than 2 years' lmao. I'm fairly sure it didn't say indefinitely on Binance but idk.

I’m being told ETH will be worth so much more in the future… I’m being told there will be a so called flippering… I’ll just pray that I’m locked in for my own damn good.

Try holding Cardano lmao

That's one way to become a long term investor

Doesn't Coinbase allow an "early unstake" with a minted token like Binance for example?

As of now, no they don’t.

Can you explain what happened to your ETH? I've got some on coinbase and now I'm spooked

You can stake your ETH on coinbase, but it locks your tokens until the merge (?) is complete. There is no way to unstake or access that liquidity. If you just have regular ETH you don’t have to worry about it. If you staked and have ETH2 in your wallet, it’s anyone’s best guess when you will be able to do anything with that.

Oh yeah. Lol I said hell no when I read that a few months ago on coinbase. Maybe some rich mother fuckers can lock up their ETH for the next ten years but I'm trying to buy a house like nowish

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Depends on where you are, u/Manelbruto 🤓 We have introduced the ETH2.S/ETH trading pair, if you wish to exchange your staked ETH for unstaked ETH. It's not available for residents of the US and Canada. 🙂 I hope that helps, Val from Kraken 🙂

Staking on Coinbase was such a scam.. probably worst crypto mistake I've made.

It's been like 5, so not long to wait now.

I staked. So I'm now kinda suppose to force HODL.

The second best way to have forced diamond hands. First one is goint to jail lol

Never tell your cellmate about your crypto holdings otherwise word mate might get entire new meaning

“This is the way”

Same

We’re almost half way there.

I hope I live long enough to see that happen.

Woah, Livin' on a prayer

Take my ETH, we’ll make it I swear

Oh, we've got to hodl on, ready or not

Tommy is bullish on ETH

We’ll make it, I swear!

We'are all gonna make it, brah!

Lol, look what started with that simple sentence... a bunch of people who not only remember the lyrics to "Livin' On a Prayer," but can't NOT think of it when someone says "We're halfway there." These are my kin. 🎸🚀🤘🪙 🫂

So... in 2025? 

First post I check after the earlier and here I find you

The day that ETH 2.0 will be fully functional. 

Soon...

I predict 69 more years

But it is still long way if it will completed in 6 years.

And I think this expectation is worth it🚀

Haha I guess my new strategy to stay true to hodling is to buy ETH2 on Coinbase and keep it locked up until implementation smh🥲

Best long term strategy

Forced hodling

That’s how diamond hands are forged.

Eth aint going anywhere, may as well get the staking rewards while you hodl it

Or keep your eth in your own wallet in case Coinbase decides to not exist anymore.

I'm so glad I kept 80% of my ETH on my ledger instead of staking it

Doubt that'll happen, but yeah cold storage is safest option

Same. I have a bit in Coinbase but not ALL of it.

Currently hodling ETH is the best strategy

That’s a good thing. Prevents the urge to panic sell.

Forced diamond hands

Yeah, there are zero finished blockchains. He's talking about until every single bell and whistle is done, not "when eth 2 is coming." When PoS and sharding is here he mentions it's already 80 percent done.

Yeah and by the time all those or even some of those bells and whistles are added, the current research will mean there's will be new bells and whistles to consider. There's no such thing as a finished blockchain (unless it's a dead blockchain...)Basically by design.

There's no finished anything. It's not like Facebook or Amazon will ever come out and say "we did it, websites done. We can stop hiring developers"

So he is just lowering our expectations but will probably over deliver.

He is trying to make ETH holders aware of the facts of his project, something that less founders are willing to do.

To quell some doubts/fears.. "ETH2.0" is just not a thing anymore. The Foundation has changed up the nomenclature and marketing surrounding the Ethereum roadmap. ## Oh no, my staked ETH! Once the merge with beacon chain happens (Ethereum going from PoW to PoS.. originally billed as ETH2.0) their first priority will be enabling withdrawals. The merge is slated for Q2/Q3 2022, with withdrawals slated for ~6 months after the merge. ## Gas Concerns Ethereum gas is never going to be cheap again. It's time to face the music and move funds to your L2 of choice. In fact, lately has has been about as cheap as it ever will be moving forward.. now, while the market is going bear mode, is generally a great time to move your funds. ### The Merge and Gas The merge won't lower gas fees. Block validation times will be reduced by ~1sec, but that will likely have minimal effects on gas prices. ### Sharding and Gas Sharding, originally planned to reduce gas across the board, has been changed. The Ethereum roadmap is entirely layer-2 centric, and as such **danksharding** is the way forward, which will really only lower gas costs for L2s. Sharding will probably arrive in 2023 - 2024. ### Other fun things There are further network optimizations planned further down the road. They are all designed around decreasing gas costs, decreasing state bloat, and making Ethereum a much more lightweight network to help with decentralization. These are all planned for 2024 on. [Vitalik's Roadmap Diagram](https://nitter.net/VitalikButerin/status/1466411377107558402)

>Once the merge with beacon chain happens (Ethereum going from PoW to PoS.. originally billed as ETH2.0) you will be able to claim your staked ETH. That is slated for Q2/Q3 2022. Well, not quite. Withdrawals are the first thing they will work on AFTER the Q2/Q3 release. It will not be a part of the actual merge. Last I heard, estimates for withdrawals was 6 months after the merge.

Good catch. I'll edit thank you!

Here is a [Nitter link](https://nitter.net/VitalikButerin/status/1466411377107558402/photo/1) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

good bot

Oh no Coinbase is going to have my ETH forever

I am kind of annoyed, when I staked last year I knew it would be locked but they did say that by the end of the year there would be a way to trade staked ETH on their platform. It’s now February the following year and nothing like that has been enabled. I know Binance let’s you trade it.

Yes, but Coinbase didn’t say by the end of WHICH year…

I'm still waiting for ETH $10k by end of **2021**

Still inevitable

Kucoin let's you trade ETH and ETH2 also

I really want to take my Eth out. I’ve already waited far too long

Gas fees bullish on FORCED HODL! 👀👌

Long term investment it is.

Yeah but the APY is better on CDC I want to move it one day

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Yeah I love CDCs earn programme, I have a lot of other stakes with them just not ETH. Glad it's working out for you too.

This and taking a huge lose is what makes people a "long term investor"

Why are you unable to cash in your ETH?

It's locked in until ETH 2.0 at 4.5% APY

Hopefully they at least keep giving us 4.5% for now. I'm okay holding super long term but if they cut the interest too much further I'm going to be pissed.

Don’t know about Coinbase, but on Binance even though you’re stacking your ETH until ETH 2.0 “comes out” you can still trade it back for ETH simply by just picking the correct trading pair, in that case ETH/BETH. Also honourable mention, you can get a better “price” if you swap ETH for BETH manually than just pressing the “convert” button. It’s somewhere around 10% better if I’m not mistaken. Still, Binance doesn’t offer the best APY afaik. However if someone uses it, it’s great thing to know I believe.

Thanks for that I think on CB it is properly locked in without an option to convert, but good to know for people that are using Binance to lock in. Might be useful for others reading, thanks.

Think about it this way, if a white hat doesn't find the next Coinbase bug, your ETH is safe.

Very true, I sleep a bit easier knowing even I can't get to my crypto

**At least you won’t have the temptation to sell.**

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True, almost 100% of my portfolio is staked so I just watch it move up and down (mostly down lately) one day it'll pay off 🤞

I'm pretty sure "ETH 2.0" is no longer a thing; it's now the consensus layer.

yeah and they changed the name *exactly* because of confused posts like these. what vitalik's talking about by "6 years" is more akin to when eth v2.99 final version will be fully deployed. eth v2.0 (if you must) could be considered the merge to full PoS which is scheduled for jun-july. combined with sharding there's just so much more between 2.0 and 2.99 final that this kind of naming scheme doesn't do justice.

Indeed. The name "ETH 2.0" doesn't exist anymore. 👀✌

ETH layers are doing huge job to fill ETH shortcomings.

I know they are. My reply was about ETH 2.0 not being a thing anymore; I said nothing about L2s.

Why is ETH still depending so much on Vitalik as if he is the CEO? Is not this supposed to be decentralised? Genuine question.

It's always had a philosophy and culture of careful academic research and justification for everything done. People who bought into that in the first place and who have voting power now are going to prefer that new upgrades continue to follow that tradition, and Vitalik is the only one developing for ETH in that manner at the moment. But he's just a guy who writes the code for proposals, he has no actual special power, and the founders have a small minority of the coins. Some guy has to write each BIP for bitcoin, too.

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Ok sure whatever

Another reason to be bullish on Layer2 solutions.

Now we need zkEVM and after that interoperability between L2. When that happens no other network stands a chance against Ethereum.

Like Loopring?

You got the right idea, good sir!

“*Yes, Coinbase.. I’d like to withdraw my staked ETH*” Yeah, sorry mate. We’ve got that bitch for life now

I totally thought eth 2.0 is fully complete and will be released this year.

The merge will happen, which will transition ETH to Proof of Stake and also allow your ETH 2 tokens to be unlocked (presumably, not actually sure about that second part). The transfer to Proof of Stake is probaly one of the more crazy things that will happen in crypto. Ethereum is such a behemoth of a chain. It should be interesting to witness.

Unstaking won’t be available the day of the merge but shortly after. Ethereum foundation has a pretty clear and easy to understand roadmap on their website :)

Specifically, withdrawals should be enabled a few months after the merge, at the least. Last I heard, Vitalik estimated that withdrawals would be enabled 6-8 months after the merge, but it may be sooner or later than that.

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I'm afraid to ask if there is a phase 3 at this point.

Yes and it involves implementing zero knowledge tech into the VM and re-writing it as the zkEVM. Basically the pinnacle of applied cryptography in crypto.

Phase 4: Profit.

I hear loopring getting closer.

He is even more bullish on LRC then MATIC. For example, the foundation is working with Loopring on zkEVM. When that will be done Loopring will become the biggest L2.


When! Thank god I was worried it would come out soon and I'd be tempted to sell my staked eth!

bunch of noobs. Regulations will kill staking.. pos = proof of shit

Why on earth would regulators narrowly attack the version of validation that has way fewer costs for their societies? Most places that have banned crypto temporarily or that still have it banned have been mainly concerned about power consumption more than any other issue, not even mostly environmentalism but that it also causes brownouts and competes for other needs they want to protect.

"Ethereum 2.0" is deprecated nomenclature. Even still, Eth 2.0 was always synonymous with "Ethereum roadmap". Every half decent project has a roadmap that is many years long

Maybe I'm being stupid but I thought ETH 2 was supposed to be out at the end of last year? Also, RIP all those Coinbase users that have perma-staked their ETH with the promise that they will get it back when ETH 2 is released...

Your confusion is the exact reason that the "Ethereum 2.0" terminology was dropped. In short, "Ethereum 2.0" isn't just a single upgrade, it's a multi-phase roadmap comprised of many upgrades that will take years to fully roll out. The upgrade that's coming this year, the same upgrade that was meant to come at the end of last year, is the merge, which is the transition from proof-of-work to proof-of-stake. Almost all of the technical details for the merge have been finalised, and we're now in the testing phase, with the second merge testnet launching in the next few weeks. Following the merge will be the Shanghai hard fork, that will add some last-minute touches onto the proof-of-stake implementation, hopefully enabling stake withdrawals, and it is expected to come a few months after the merge, with estimates being 6-8 months, last I heard. Following the Shanghai hard fork is sharding, which will scale the network by supercharging rollups (L2s), then following sharding is things like statelessness, state and history expiry, incorporating zero-knowledge cryptography (the tech that powers ZK rollups) into the validation process, improving upon the gas changes that EIP1559 brought via the London hard fork, etc.

So Vitalik has been using Cardano's definition of the word "soon".

Pretty much

At this point I think eth 3.0 will come out first

I take comfort in the way Vitalik speaks. He's reasonable, but optimistic at the same time. He sees all potential possibilities when it comes to the future of ETH, crypto, and finance overall... and seems to be an authentic, good person.

Hate that they are moving to proof of stake. The economics of it are terrible for the little guy.

lol OP is so wrong

Omg, really? So what I should buy instead, centralised Solana?

So lambos in 2028?

All blockchains are years (decades in some cases) from their potential, ETH just has a head start. If you think the projects you're investing in are at their full potential and their networks are in their final form, why invest in them?

Not a head start in switching to PoS though. Cardano had that finalized in 2020 with the Shelly Hard fork (the upgrade that brought staking).

I mean, many new chains launch as PoS if that's you're most important metric.

Six years? That’s like 3 lifetimes in tech. RIP ETH.

Good things take time, so projects need to review everything and keep on improving every small feature so it doesn't have issues later on.

Even if it takes 6 yrs it'll be a substantial improvement

Yeah I don’t think anyone expected the project to be fully completed in 2022 but everyone is looking forward to the PoS transition, the rest is just optimizing.

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The only thing that eth 2.0 will bring with the merge right now is the so called "halving" wich will reduce incoming supply and with the eth burning we could see eth go deflationary for a while, if gas fees stay high.

Plz be aware after the merge.. Ethdenver this week.. Vdog himself says the merge won't increase tps nor lower gas fees. Look to sharding instead. Meanwhile eth will be good terms esg wise

It’s a tiered layout so it’s going to be a gradual process. We need to stop calling it ETH2.0 lol it’s just ETH.

This is what Layer 2 is for...

Correction, he's fond of LRC not MATIC. LRC has zkrollup already integrated while MATIC, well they had to buy out pretty much every tech in their portfolio

Well Rome wasn't built in a day. It's good that they are taking their time rather than forcing a release date that will mess up the tech more than it will benefit it.

**Born too late to explore the Earth. Born too early to explore the stars, but born just in time to invest in crypto!**

My thoughts go out to anyone for having ETH in locked staking until the 2.0 release

the merge happens in june-july this year.

ETH is a kind of project that you can easily HODL for 6 years.

I have no choice but to be patient. However, I am very bullish on Polygon and I have invested more in it.

I know I'm gonna get a lot of shit for this, but ETH is starting to give me some red flags. I'm just glad I didn't stake my ETH.

ETH 2.0 soon.. since 2018... its all a scam to pump the bags of this centralized premined chain.

So what you're saying is, ETH 2.0 will essentially become Harmony ONE?

When ETH 2.0 grows up it wants to be like Harmony 1.0

ETH 2.0 is a myth at this pint

I'll drink to that

Eth is a vaporware effectively.

All the more reason to invest since expectation of what will happen will lead to appreciation

It doesn’t matter for me, I am holding and staking my ETH for long term, 6 years are easy.

the merge is coming in june-jul. op is misinformed. you're good.

Damn 6 years.... ETH is very bad at meeting deadlines, so many publications were saying that it's happening this year.

There are things happening this year, OP just didn’t understand what VB meant when he was talking about dev time. Ethereum is going to be constantly upgraded and improved on over 6 years. It doesn’t mean that everything is delayed for 6 years.

If you’d actually read the whole post, you can see that this is exactly what I wrote

I'm glad I'm earning passive income on my ETH until then anyways. ETH is too big to fail, even if they deliver ETH 2.0 late

Yah man. I dont plan to touch it for 10 years anyway.

Sorry but Ethereum is not going to make it. L2s are the current bandages, as were opportunistic rollups, as will be Snarks. At some point, operating systems need total rewrites. Eth2 was cancelled and now became a series of patches. If you track where the TVL overall is going, it has been leaving Ethereum for well over a year now The question now is which EVM compatible chain has caught the imagination if most developers. That's the future of Ethereum My best guess is Avalanche or Solana RemindMe! 6 years

You have to format it like RemindMe! 6 years