📺 Why The Ethereum Merge is a Monumental Blunderwww.youtube.com/watch?v=gyP0uxxB6V8
1781 sats \ 8 comments \ @cryptocoin 14 Aug 2022 bitcoin
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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"
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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
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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.
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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
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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.
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25 sats \ 1 reply \ @ek 15 Aug 2022
What is NGU? (Haven't seen the video yet)
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1 sat \ 0 replies \ @cryptocoin OP 15 Aug 2022
Number Go Up
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25 sats \ 0 replies \ @NachoKeys 20 Aug 2022
Great explainer and without the maximalism asshole shit. That’s the path folks.
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