Was the Ethereum Merger a Mistake? | Opinion

The Merger wreaked havoc on Ethereum — but was it worth it? Some are not so sure

"What do you think about joining?" I recently asked this question to Vogeler, creator of Spankchain and probably half a dozen other systems in the amazing world of Ethereum.




I am referring, of course, to the long-awaited software update on September 15th that replaced Ethereum miners with an "eco-friendly" membership pool.

1. What do you mean by Ethereum illusion?" de Vogeler replied firmly.

“Oh!” I thought. It might be hot. De Vogelere makes a rare observation: the association error. Or, if not an italicized error, some unrelated interaction.

"It doesn't add anything to the environment," he said.

According to Vogeler, the whole deal is just capitulation. According to him, the authorities are concerned about Ethereum's large carbon footprint and constantly use environmental fears for their antics.

"If something works, nobody cares if it's green or not," he said. Organizations are useless until they seem to care. "

In fact, it's not hard to see why people like Vogeler are in such a bad mood — the price of ether has dropped since the merger. Bitcoin supporters also condemned the move.

2. Complaints that Ethereum is now 

"unsafe" have raised eyebrows even from top Ethereum experts - and even led some to embrace a group of longtime Ethereum opponents.

As de Vogalaer told me, the assumption that public opinion on Ethereum would improve after the merger would have been proven false. He said regulators are unlikely to change their tune now that the environmental complaint has been resolved, especially if new standards are offered to classify as safe.

Yes, yes, union is the best strategy. Ethereum integration is really like driving a car engine on the road. It was new in terms of research and development - but it was also the atomic bomb.




However, de Vogelere believes the scale of the merger is exaggerated. They are expected to contribute to a variety of innovations that will greatly benefit the network. But de Vogeler believes these solutions can be used in the long term, in the form of edges - applications in the main network, such as many polygons.

3. According to him, Ethereum's computing environment,

 its "Virtual Machine", has real value, and the transition to this model will not have much impact.
He also pointed out that (God in heaven!) those who don’t have 

the bare minimum for their stake – 32 ETH, around $42,500 and lost at the time of this writing – should turn to centralized exchanges like Coinbase. This means putting the majority of Ethereum on the exchange market into a flop.

That is why we have determined that the price of Ethereum is now close and regulators should move forward. But is Vogeler's vision too limited?



It's not that! Kristy Leigh-Minnehan, a veteran Ethereum miner (who admits she can be a little biased about it), isn't as integrated as our Vogelers.




Instead, he wondered if it was too soon. “Moving to a custodian is a fundamental part of Ethereum's DNA and has always been in the plan,” he said. "The need for optimization and scalability capabilities in the future is the question everyone should be asking: is now the right time?"




That, he says, may explain the need for special American regulators. Echoing Vogelera, he said: "There's no denying that Ethereum started in America - stuff."

4. The joy of the old guard

Perhaps there is a court that fully agrees with Vogelaere's and similar conspiracy diagnoses - and is happy with them.


They are the guardians of another now-defunct network they claim to exist as miners, betrayed by low-quality Ethereum operators: the old, derelict iteration of the Ethereum network, Ethereum Classic, arguably its biggest proponent. . OG can find it. you can endure the short but melodramatic life of Ethereum.




Ethereum Classic was born in 2016 after the infamous removal of DAO, the first independent organization on the Ethereum network. Major Ethereum developers voted to "roll back" the hack, which some commentators saw as a betrayal of Ethereum's principle of immutability.




They stayed with the old network, which they broke, and Ethereum split in two. Since the merger was expected, I believe that the new unemployed (who were actively sought after) will come to Ethereum Classic in search of new money.

5. Amazingly, after six years of patient waiting, they were right.

"Over the last few months, we've seen a lot of interest in Ethereum Classic," said Bob Summerwill, CEO of ETC Cooperative, the foundation behind the development of Ethereum Classic, whose code is ETC.

Obviously the combination is important." He added that the amount of mining power on the network has increased tenfold, and now Ethereum Classic is the third largest proof-of-work network on the market and third by volume.




Summerwill, like others, pointed out that fears over US grid shutdown and tighter regulators could drive many of these miners to ETC.

6. Ethereum Classic seems to benefit from providing knowledge and potential security for these other companies,” he said.

However, it got off to a rocky start: Ethereum Classic, like many others, has been in decline recently and its miners are struggling with losses. "We're still trying to find a new balance," Summerwill said.




However, this is a shocking turn of events. After years of agonizing waiting, you have to wonder who will have the last laugh: the old Ethereum Classic laughs or the future Ethereum regulators.


With MB, the largest exchange in Latin America, you can trade tokens, DeFi, digital income, NFTs and, of course, cryptocurrencies. And all this from the safest products on the market.

........................................................ forex market neews .................................................................