Is The Ethereum Merge A Good Thing?
𝐆𝐄𝐓 "𝐓𝐇𝐄 𝐔𝐋𝐓𝐈𝐌𝐀𝐓𝐄 𝐆𝐔𝐈𝐃𝐄 𝐓𝐎 𝐁𝐈𝐓𝐂𝐎𝐈𝐍" 𝐂𝐎𝐔𝐑𝐒𝐄:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
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In this video, I discuss the upcoming Ethereum Merge and what it means for Ethereum and Bitcoin as well.
Moving to proof of stake from proof of work is a step down when it comes to both security and neutrality. Proof of stake rewards original Ethereum insiders and beneficiaries of the premine by giving them a way to further increase their stack of coins.
Proof of stake leads to more and more centralization and control by the few. Proof of stake seeks to hide this ugliness under the mask of environmental stewardship.
Under proof of stake, if there is a network partition, there is no way to tell which is the real blockchain, without an outside authority like Vitalik weighing in. Under proof of work, the correct chain is the one with the most embedded work.
Proof of work is a feature, not bug, of Bitcoin. It creates a real-world cost to trying to rewrite the chain or otherwise cheat.
A project that is led by a leader who has plans for a merge, surge, verge, and splurge is clearly not a digital commodity. It is a software project run by and for the benefit of insiders.
Not investment advice! Consult a financial advisor.
Vitalik doing the Badger Dance:
https://www.youtube.com/watch?v=kUheuFDHSvI&ab_channel=JosephBagaric
The Merge:
https://ethereum.org/en/upgrades/merge/
Ethereum merge, surge, verge, splurge, lol:
https://decrypt.co/105707/ethereum-merge-surge-verge-purge-splurge-vitalik-buterin
What happens to Bitcoin under a network partition:
https://www.youtube.com/watch?v=VMaDEhZ-Lgw&ab_channel=TraderUniversity
Ethereum centralization to increase under proof of stake:
https://www.youtube.com/watch?v=vyd63iG-l68&ab_channel=TraderUniversity
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
#bitcoin
#proofofstake
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