{"id":35382,"date":"2022-11-17T07:58:53","date_gmt":"2022-11-17T07:58:53","guid":{"rendered":"http:\/\/egrowonline.com\/?p=35382"},"modified":"2022-11-17T07:58:53","modified_gmt":"2022-11-17T07:58:53","slug":"ether-staking-withdrawal-schedule-removal-faces-harsh-criticism","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=35382","title":{"rendered":"Ether staking withdrawal schedule removal faces harsh criticism"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvZDc4Y2MxYTMtNzBkMy00ZTM5LTg2OGItMjU2NTg5NDE5YjIyLmpwZw==.jpg\" \/><\/p>\n<div data-v-887bb764=\"\">\n<p>Days after <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-turns-deflationary-for-the-first-time-since-the-merge-eth-price-still-risks-50-drop\" rel=\"noopener\">Ethereum turns deflationary<\/a> for the first time since shifting to <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/blockchain-for-beginners\/proof-of-stake-vs-proof-of-work:-differences-explained\" rel=\"noopener\">proof-of-stake (PoS)<\/a>, critics have started to highlight the Ethereum Foundation\u2019s removal of Ether (<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/ethereum-price\" rel=\"noopener\">ETH<\/a>) staking\u2019s withdrawal schedule on social media.\u00a0<\/p>\n<p>A crypto community member pointed out how Ethereum developers, leaders and influencers <a target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoCrystal_B\/status\/1592678358718255104\" rel=\"noopener nofollow\">mentioned<\/a> that ETH staking withdrawals might be opened six months after the Merge. After this, the estimated time for the unlock was moved to 6-12 months. Furthermore, the Twitter user highlighted that the schedule was revised into an estimated 2023 to 2024 before finally being removed entirely. <\/p>\n<p>Another Twitter user <a target=\"_blank\" href=\"https:\/\/twitter.com\/TheADAApe\/status\/1592785002298998784\" rel=\"noopener nofollow\">fanned<\/a> the flames, describing staked ETH as a non-redeemable crypto investment. The user highlighted that users invested based on a timeline and were given no due date. Others <a target=\"_blank\" href=\"https:\/\/twitter.com\/DU09BTC\/status\/1592713804215103488\" rel=\"noopener nofollow\">mirrored<\/a> the sentiment by sharing retweets of the initial post that criticized the withdrawal timeframe. <\/p>\n<p>On the other hand, Ethereum supporters gave their own responses to the criticisms. Anthony Sassano, the co-founder of Ethereum resource site ETHhub, came to the network\u2019s defense by <a target=\"_blank\" href=\"https:\/\/twitter.com\/sassal0x\/status\/1592797221917184000\" rel=\"noopener nofollow\">brushing<\/a> off the criticisms as attempts of Bitcoin (<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" rel=\"noopener\">BTC<\/a>) maximalists to find other things to attack in Ethereum after being proven wrong by the Merge. Ethereum developer Antiprosynth also <a target=\"_blank\" href=\"https:\/\/twitter.com\/antiprosynth\/status\/1592796852906520576\" rel=\"noopener nofollow\">highlighted<\/a> in a tweet that these criticisms are coming at a time when Ether&#8217;s market dominance grows and Bitcoin&#8217;s dominance goes down. <\/p>\n<p><strong><em>Related: <\/em><\/strong><a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-sees-first-consecutive-week-of-deflationary-issuance\" rel=\"noopener\"><strong><em>Ethereum sees first consecutive week of deflationary issuance<\/em><\/strong><\/a><\/p>\n<p>Meanwhile, a recent FTX exploit <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/ftx-hacker-is-now-the-35th-largest-holder-of-eth\" rel=\"noopener\">made the attacker the 35th largest holder of ETH<\/a>. One day after the distressed FTX exchange filed for bankruptcy, wallets in the exchange were compromised, losing over $600 million in crypto assets. A large portion of the hacked tokens was converted into 228,523 ETH, which is worth around $280 million at the time of writing. <\/p>\n<p>In other news, Ethereum co-founder Vitalik Buterin called out FTX for doing what he described as &#8220;compliance virtue signaling,&#8221; <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/vitalik-buterin-calls-out-ftx-for-virtue-signaling-deserves-what-its-getting\" rel=\"noopener\">comparing the embattled exchange<\/a> to Mt. Gox and Luna, which were sketchy from the start, according to Buterin. The Ethereum co-founder highlighted that this type of fraud hurts more than the other. <\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/ether-staking-withdrawal-schedule-removal-faces-harsh-criticism\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Days after Ethereum turns deflationary for the first time since shifting to proof-of-stake (PoS), critics have started to highlight the Ethereum Foundation\u2019s removal of Ether (ETH) staking\u2019s withdrawal schedule on social media.\u00a0 A crypto community member pointed out how Ethereum developers, leaders and influencers mentioned that ETH staking withdrawals might be opened six months after [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[611,369,106,9162,10246,5545,994,8354],"class_list":["post-35382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-criticism","tag-ether","tag-faces","tag-harsh","tag-removal","tag-schedule","tag-staking","tag-withdrawal"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/11\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvZDc4Y2MxYTMtNzBkMy00ZTM5LTg2OGItMjU2NTg5NDE5YjIyLmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/35382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35382"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/35382\/revisions"}],"predecessor-version":[{"id":35384,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/35382\/revisions\/35384"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/35383"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35382"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}