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
Use the discount code YT99 to get the best price.

Get my best-selling Bitcoin book:
https://www.amazon.com/gp/product/B08RX8Q4ZQ/

Join the Trader University email list:
https://www.trader.university/email-list

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

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.