Why ETH Miners Are Doomed
𝐆𝐄𝐓 𝐓𝐇𝐄 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐂𝐎𝐔𝐑𝐒𝐄➜➜➜
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
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In this video, I discuss the two ETH blockchains that will still exist after the Merge:
1) The original Proof of Work ETH blockchain
2) The new Proof of Stake ETH blockchain.
All economic value and activity will accrue to the latter, since it will be the only version that will receive future support by stablecoin issuers like Circle (USDC) and Tether.
Ethereum has reached the point, where not only will the main validators be under OFAC control, but also all hard fork outcomes will be decided by large financial corporations like Circle and Tether, who have been given the implicit power to pick the winning fork.
Ethereum is so out of control that it is difficult to fathom.
Not investment advice! Consult a financial advisor.
ETH market cap:
https://coinmarketcap.com/currencies/ethereum/
ETC market cap:
https://coinmarketcap.com/currencies/ethereum-classic/
USDC, Tether announce support for Ethereum proof-of-stake:
https://forkast.news/headlines/usdc-tether-support-ethereum-proof-of-stake/
https://decrypt.co/107094/circle-will-not-support-ethereum-proof-work-fork
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#ethereum
#stablecoin
#bitcoin
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