📺 Why The Ethereum Merge is a Monumental Blunder \ stacker news ~bitcoin

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📺 Why The Ethereum Merge is a Monumental Blunder www.youtube.com/watch?v=gyP0uxxB6V8

1781 sats \ 8 comments \ @cryptocoin 14 Aug 2022 bitcoin

137 sats \ 0 replies \ @saunter 14 Aug 2022

Good, well reasoned critique. What a breath of fresh air compared to standard maxi "mETH is a scam!!!!11"

1 sat \ 0 replies \ @cryptocoin OP 14 Aug 2022

Reference Twitter thread: https://twitter.com/_Checkmatey_/status/1558215750422351875

Timestamps

0:00 Introduction 1:08 Overview of topics 2:41 Checking My Own Bias and Credibility 5:35 The Proof-of-Stake Pitch 12:00 The EIP1559 Blunder 19:10 Why Stake Centralises 23:10 The State of Stake Today 26:16 PoW vs PoS Pools 30:37 The Tornado Cash Spanner 34:50 The USDC Circle Veto on Fork Choice 39:41 Statelessness and Pruning History 42:50 Weak Subjectivity 45:55 The Result 48:48 Summary and Conclusions

25 sats \ 0 replies \ @orthzar 15 Aug 2022

Someone dusted the EthDev address last week with Tornado Cash-tainted ETH, which means Vitalik and company legally cannot sell that part of their ETH premine: https://archive.ph/lOJfg

If anyone wants to really fuck over Ethereum, send tiny amounts of Tornado Cash-tainted ETH to the ~8000 accounts who bought during the premine sale. That would make somewhere around 60% of all the ETH un-sellable on centralized exchanges.

50 sats \ 0 replies \ @ken 15 Aug 2022

Don't believe the hype about this silly merge Or Vitalik when he talks about a splurge This market will soon start to purge ETH is the butt from which all shitcoins emerge

26 sats \ 2 replies \ @linesgone 15 Aug 2022

NGU will be justification for ETH for the masses and mainstream media. It's only going to get more and more annoying.

Great video, multiple threads already.

25 sats \ 1 reply \ @ek 15 Aug 2022

What is NGU? (Haven't seen the video yet)

1 sat \ 0 replies \ @cryptocoin OP 15 Aug 2022

Number Go Up

25 sats \ 0 replies \ @NachoKeys 20 Aug 2022

Great explainer and without the maximalism asshole shit. That’s the path folks.