Bitcoin Forum

Ethereum Merge Is Done and considered successful, Do you think Ethereum has the solution Bitcoin needs and is this proof of ETH Next Of BTC after normal market?

Bitcoin is Bitcoin and Ethereum is Ethereum. Using PoS on Bitcoin is simply one of the dumbest ideas ever, as PoW is one of Bitcoin's main defining characteristics.

What solution? Bitcoin has the strongest blockchain. Not affected by any attack, I mean 51% attack. The energy used to mine bitcoin are becoming cleaner which bitcoin miners are moving towards.

You are right, bitcoin is bitcoin while ethereum is ethereum. I am surprised that ethereum PoS is still very centralized with over 40% of its PoS node controlled by only two addresses.

40%+ Ethereum PoS nodes are controlled by 2 addresses says Santiment data (https://cointelegraph.com/news/40-ethereum-pos-nodes-are-controlled-by-two-addresses-says-santiment-data)

There is a similar thread[1] regarding these, but the answer all boils down to the same argument where bitcoin and ethereum have different use cases, market capitalization, adoption, popularity, security etc..

Regardless whether ETH takes over bitcoin for some reason -- I am still holding/trading both anyways, so it doesn't matter. Plus, both of which could give you the technical know-how that might be useful in the long run.

[1] https://bitcointalk.org/index.php?topic=5409008.0

The success of Ethereum The Merge does not bring profit to all investors.

It again reminds people that Buy rumor sell the news. Because selling the news, price falls after the news about success of The Merge.

Buy Ethereum because of The Merge, it is not smart.

Ethereum is not comparable with bitcoin caused by you were comparing different things which is pretty the same like comparing orange and apple. merge has done but the price is still remain bearish at this moment and so it has nothing to do with bitcoin or even become decouple from it. Ethereum merge will be giving long term impact which is slowly appearing and people are only speculating about that. ETHW was also being introduced as a new ethereum fork. It's a scam coin as well.

Ethereum have gotten rid of something that makes Ethereum to be Ethereum and that's Proof of work, Mark my word vitalik have made the biggest mistake on Ethereum project, PoW is a big part of the Ethereum Network and I believe it's the biggest part why Etheruem is a favourite altcoin.

I doubt that. It’s smart contract is the reason why it became successful and not it’s PoW consensus because Bitcoin starts the proof of work concept while Ethereum just copy it when they start there own Blockchain. Ethereum smart contract is what makes them popular among other blockchain because they are the one who introduced it first. There’s no need to mark your words because you seems don’t understand what you are talking and what’s the real problem of Ethereum on how they pushed to this move.

Ethereum has a lot of dapps running on its Blockchain which means they are the busiest network among all existing blockchain that PoW can’t sustain in the long run that’s why they have the most expensive fee. Sticking on PoW will just limit the Blockchain for any room for improvement to new technology.

The ETH merger is an important event for ETH and the ETH community but it has nothing to do with bitcoin and once ETH becomes a POS the bitcoin takeover becomes even more paranoid. Centralized coins are not comparable to decentralized coins.


Everyone doesn't care about it, all they want is a free airdrop of a new coin, which they will dump for a profit once they get it. The ETHW price has dropped more than 70% on exchanges in just 24 hours since its launch because people are just trying to sell it, they don't consider it a coin of value.

If your view is that after the current successful ethereum merger will make ETH the next bitcoin then I think you should first see how much adoption growth the two have had so far, maybe you'll find the answer there. The merger has been completed but look now it has not had a good impact on ETH even made the price of the ethereum coin decrease and until now it has not been able to return to the price of $ 1.7k which was the price before the merger was carried out.

No.
There's no solution to what bitcoin needs from any other project even from Ethereum.

Well, ETH is really next to BTC so there's no problem with that. Every time there's a news related to a project, it's always us that keeps on attaching its potential of it to bitcoin. But in the end, these are just comparisons that come to our minds even if it's not that necessary.

The Ethereum merger has indeed been completed but has nothing to do with Bitcoin, as Ethereum and Bitcoin are very different in concept. With the completion of the Ethereum merger event, it does not mean that the price of Ethereum will compete with the price of Bitcoin after the normal market, because in its history, Bitcoin was first created in cryptocurrency after it happened, then Ethereum and other Altcoins, as an alternative to Bitcoin Investment. So at its core Etherum is still under Bitcoin.

Even so, we should recognize the success of Ethereum as the greatest altcoin and Ethereum ecosystem contributes a lot to the success of crypto ecosystem so far. If only Bitcoin exists, it should not reach to the big adoption like nowadays.

If I am not wrong, the Taproot upgrade opens to smart contract deployment for Bitcoin but it is just in concept. Not sure Bitcoin developers will actually build it.

This causes network congestion and transaction fee that is too expensive for many people. When Ethereum is on fire, ERC20 tokens follow Ethereum to rise. Together, they result in abnormal higher demands on Ethereum network for transactions that in turn cause more expensive transaction fee.

The Ethereum merge will not solve all the longings of the crypto community in general, but in the long run I believe it will have a very meaningful effect on the crypto world and given the current market share in the second position, it is very likely that Ethereum will become the next bitcoin.

The Ethereum merger is going to have a long term impact which is slowly emerging and people are only speculating about it, I think first have to see how much adoption growth the two have so far, Ethereum and Bitcoin are very different in concept. With the completion of the Ethereum merger event, it does not mean that the price of Ethereum will compete with the price of Bitcoin after the normal market, and that it has nothing to do with bitcoin or even become separate from it.

What is the next Bitcoin? you mean it will take over bitcoin? The merger will be the beginning of a new era for ETH, ETH will have a lot of interesting improvements after this merge. This will make ETH unrivalled in the layer1 project segment, competitors like Sol, BNB, Atom will have to struggle when ETH moves to POS like them. But to be the next bitcoin or take over bitcoin is a pretty far-fetched thing. How can a POS coin replace a fully decentralized coin with a market cap twice as large as ETH?

not sure if ethereum can cover the shortcomings of bitcoin because the merge is only completed in a few days. we will know the results after a few months or years maybe, if this goes well, bitcoin as a POW mining will lose competitiveness with ethereum POS. I think the purpose of ethereum is to compete with bitcoin by merging them.

In my opinion if you must do another research again. bitcoin was a deflationary token and did you know what meant of merge? i didn't even think if you understand about that. Merge already implemented to fix the problem of ethereum which is unlimited supply unlike bitcoin which has limited supply.
I think that you shall learn more about what merge and what's purpose from merge implementation. Bitcoin has fixed it even when satoshi was creating it

True, the Protocol has been designed to be able to process a large number of transactions efficiently over time. Merger does not replace all transactions that occurred. Merge has its own purpose, it aims to save space in blocks and allow more data to be added, but remains a decentralized system.

The impact of a successful merge on BTC will not have much effect because the resulting price movement is likely only temporary. It's just that in this case, if the merger is successful, it will validate the proof of ownership in the eyes of many.

I don't think so. Centralization is not good for crypto projects, making them more manipulated and controlled by large organizations. Right now more than 50% of ETH is controlled by just a few organizations like LIDO, Binance, etc. PoS is less secure in terms of various vulnerabilities. What did ETH achieve after the merger? It became centralized, SEC wants to make ETH a security, which means it will be subject to relevant laws and regulation.

I am not sure what you are trying to convey here, is the merge a novel solution for something ? It has become more centralized with the transition to proof of staking. I am not sure what are the negative aspects you see with BTCitcoin where the transaction fees are really low for a very long time and if changing the consensus algorithm is the topic you are pushing forward, then never ever will there be a scenario that it will move to POS.

Nope, I do not think ETH has the solution Bitcoin needs.  If I am not mistaken, ETH has way more problems than BTC.  You can see how many times ETH dapps had been hacked or exploited.  Aside from that if ETH has already the solution, it doesn't need to undergo more updates in the future just to solve its scalability.  Besides, Bitcoin, after the recorded exploit way back in its early years had never been exploited again due to the solid security of POW and its algorithm.

Bitcoin will remain on that network, not unless Satoshi came back and make necessary adjustments but I think, the PoW will still be the main option for Bitcoin and miners have to deal with it. Though the success for ETH merge can bring good ideas to other projects as well, it will still depend if its compatible to their project. There’s still a lot of update coming for ETH, let’s see if everything works well for them and probably, the price will slowly pump and maybe hit the peak once they do all those updates.

Bitcoin strength is on POW so I doubt Bitcoin will transition to POS.  It will also affect many miners if Bitcoin decided to change to POS.  There are some theory that if ever Bitcoin shifted to POS, the price would be greatly affected because the generation cost is cheaper, people will then don't mind selling their Bitcoin for cheaper price, thus, making the price of bitcoin to plummet.  This theory can be applied to ETH so we just need to wait to see things unfold.

I don't think so, Bitcoin is the prime mover and it will take a lot to change it's algorithm, not saying that everything is written in stone, but in the last 10 years, there have been discussions about it but there are a lot of disagreements, so there is no consensus so I doubt that it will be implement. Although many have been attacking bitcoin on POW, it's harmful effects on the environment, nevertheless that's our strength and that is why it is on the top of cryptocurrencies.

And for Ethereum, we will see how the solution is, for sure there are many changes, but it become so centralized now and so this might backfired for them in the future, I reckon.

How can you say that the Ethereum Merge is already successful? Yes, the transition was smooth but there's no way that we say it was successful in terms of what?

Besides, Ethereum has a head in Vitalik, that's why they can make their decision right away to move from one algo to another.

Bitcoin is more secure because of POW, you can't even hack or do a 51% attack on it. The only time that we might see some upgrade on bitcoin is that if Elliptic Curve Digital Signature Algorithm or ECDSA has been broken by Quantum computers.

The merge have moved Ethereum from a proof-of-work consensus mechanism to proof of stake, thereby significantly reducing its environmental impact. However, the security of Ethereum has been compromised and people are not talking much about the security aspect. Those who understand this knows that something big have also happened to Ethereum in terms of security, but Vitalik has taken a decision which he must have weighed the options.

The change of protocol, The Merge, in this case, is just a change in the consensus. It does not significantly reflect the scalability of the network. So, it has nothing to do with saving space in a block or transactions being done in an efficient manner. It has no direct effect.

The cornerstone is The Merge is an essential step toward the further upgrades of Ethereum, in which, it is required to make a scalability improvement to be possible(Sharding). Lastly, the decentralized claim is debatable, does it even decentralized in the first place?

After Ethereum's change to PoS and Merge Ethereum, it seems that Ethereum is not getting any better. This has a huge impact on Ethereum miners because Ethereum is mined with dedicated GPUs. Apart from that Ethereum miners also cannot switch to Bitcoin mining using ASICs. Vitalik Buterin suggested ETC as an alternative, calling it a "good blockchain" for current ETH miners. From what was conveyed, of course there is a bottleneck for Ethereum miners at the moment. But we hope, Vitalik can give the best after the change from PoW to PoS.

I'm even looking way beyond the Ethereum merge and into what impact it's going to have on ETH based launchpads. I think there's going to be a reflection of such in price in days to come. Talking about this merge and what becomes the fate of Bitcoin in relation to its price side by side Ethereum, I'm one of those who believe that if ETH had the same love thrown at Bitcoin it would've long surpassed Bitcoin even before this merge. Through the ETH smart contract, new projects have continued to come into the crypto industry and that's growing the industry.

bitcoin and ethereum are and will remain two different things bitcoin was the first altcoin and will always remain pow, yes the merge of eth was a success but this led to a greater centralization the 40% of the stake is in the hands of only two addresses that will make the good and the bad weather

What problem do you think Bitcoin has that ethereum will solve, this merge is just between the ethereum network to another network that will help their proof of stake con censorship and this has nothing to do with Bitcoin and its proof of work algorithm that is one of the main characteristics of Bitcoin.

Let's not shift our focus too quickly and begin to undermine Bitcoin network capability to solve whatever network problems you think Bitcoin may have.

Is ETH not getting better? Do you expect ETH price to increase after consolidation? and it didn't go up in price as expected and you said it didn't get any better. ETH has reduced energy consumption by up to 99% and the ongoing daily ETH burn helps ETH deflate. All of this happened only after the merger, which could see ETH moving better and if you do transactions with ETH these days, you can see that its gas fees have also decreased somewhat although this merger does not guarantee that gas fees will be resolved.

The move of ETH to POS was planned a few years ago and I think the miners know this, if they are smart, they have been planning their own ever since. Currently, we still have a lot of POW coins like ETC, RVN ... miners can switch to mining them.

The purpose of any coin is to compete with bitcoin, let us not be emphasising on one side and base directly to all the coins, Bitcoin are the first to be projected but what I'm seeing is that other coins is trying to rise against bitcoin productivity, but whatever Ethereum productivity, it can't make well than bitcoin.

It took long before it happened but at last, it happened. Many liked the idea of POS ETH and many don't like it especially the miners.

Please stop thinking that just because ETH is now POS, it'll be able to dethrone bitcoin. No, no way that it can and it will. POW is even more desirable rather than in POS because in Pow, the network is more secured than this centralized network of POW.

Let's tell ourselves the truth. What utility does Bitcoin bring to the table that ETH doesn't? Ethereum, by what it offers, is way underpriced at the moment to be honest with you. It has added great value to this industry more than any other crypto and that's a major reason it's in tough competition with Bitcoin on the list as second. With this merge I won't be surprised if it flipped Bitcoin in market cap a few months from now. Let's see how things pan out going forward.

If bitcoin moves to POS then I would say it is the failure of the crypto industry and no longer the future of the world. Bitcoin was created with the purpose of making us our own bank without the need for a 3rd party like a bank to intervene, decentralization is the core point of creating the reputation of bitcoin today.
If it loses its decentralized nature, it is a failure of the bitcoin revolution. Unlike ethereum, I don't think anyone would agree with the above hypothesis even with a passing thought.

Bitcoin was the first coin and never part of altcoins (i.e alternative coin to bitcoin). 4 big exchanges (Lido, Kraken, coinbase and binance) make over 60% of the staked ethereum, they are the top exchanges in the space and I believe they wont be careless enough to just un-stake and sell anyhow. At the moment less than 14% ethereum is staked, so we got a lot in circulation. So staking the coin does not make it as centralized as u put it

Without the transition of Ethereum to POS, it is impossible to increase the speed of transactions on the network, and consequently reduce commissions. This sharding technology will be implemented in 2023 after the next update and will increase the scaling of the blockchain.

The fact that you noticed an increase in the transaction speed on the Ethereum network after switching to POS has nothing to do with the merger. The Ethereum merger is a change in the consensus mechanism from POW to POS. The increase in transaction speed is most likely due to a decrease in network load.

Yes in the crypto world anything can happen, the total amount of Ethereum that can be minted since The Merge has been limited, other information. Moreover, later POW will be banned by many countries, so what is not possible?

If by this you mean that ethereum is going to somehow replace bitcoin as the most dominant coin in the market then I am sorry to tell you that such a thing is never going to happen, while this is a move that is being publicized all over the world as evidence that all coins must transform and try to reduce their energy consumption this way, the people that really know about the topic knows that this is nothing but a Trojan horse which is being pushed to try to weaken bitcoin, but the bitcoin developers are never going to fall into that trap.

I think that's overrated to call ethereum as king of utilities. The fact that if the utility that owned by ethereum is only few compared with another first layer solution that available in the market. The scalability problem has become the main problem that prevents the utility for ethereum to happen. A high gas make people think for twice before actively using ethereum defi. that proves that if ethereum utility is still being limited.

for now Bitcoin is still number 1, because there are no problems regarding the PoW algorithm and Bitcoin itself,
even there are many institutions and governments that support bitcoin, so in the long term I believe Bitcoin will be difficult to replace,
unless many people think and choose Ethereum as his replacement.

I didn't see any success in the Eth merging event, instead, lots of GPU miners lost their money because some of them, did not yet recover the capital for the GPUs. In Eth alone instead of the price spike, it was the contrary, There are a lot of things they need to improve in Ethereum, especially the gas fee, I really hate their GAS fee.

I don't think you have any reason to call the ethereum pow team "scam miners". After all, ETH itself is a fork. As it turned out, ETHW had many supporters who did not agree with the transition of Ethereum to POS, and accordingly they took such a step to save their business. At the moment, the hashrate of the ETHW network is comparable to the hashrate of ETC, which was before the Ethereum merger.

This is only the first stage, which took almost 7 years. In fact, you don’t understand what the team did so that even one of the million smart contracts does not have an error. Now this ecosystem will be easier to scale and all processes will go faster.

I would say it is not an overkill at all, they are really the ones that created the whole smart contract world, maybe not the first but certainly the first one to get that much attention from it and I would honestly say that it is the best that we can talk about.

It's clear that we shouldn't really be worried about anything like this in the long run, but we could totally do it as well as we could hope for, and that means ETH has done what we imagine could be possible and then more. It doesn't mean it's not lacking anywhere, of course other coins followed afterwards and built on top of it, but ETH was the first one that got the attention towards it and that's why it is the king.

What is your thoughts about ETHW? Right now it has no projects on it. The only need for ETHW is for the miners to get return. Nations around the World are discussing PoW-Regulation and PoW-bans. Setting up a project on ETHW instead of ETH is a massive risk under the current conditions.

In a way it was natural that miners were not happy with what was happening and they did their best to try to protect their interests and created that fork, but we need to be honest there are not going to be a lot of people that will actually use that coin, so while speculators may be happy about such fork the rest of the community will simply get those coins, sell them and then forget about them, so I think that sooner or later that coin will disappear and those miners will have to find another coin they can mine.

Bitcoin and ETH, both are different coins with different benefits. So let's not compare them. This ETH merge was one of the most anticipated events of 2022 and it's great to see Vitalik did it quite successfully. I definitely feel bad for miners who had invested a lot into buying graphics card but pos mechanism will help ETH to grow further. Now even a small ETH holder will be able to mine it through pool mining. That's the essence of cryptocurrency for the mass.

You said it right.

Before, it was Ethereum as the best alternative for transfers because of how cheap ETH transfers was before and how quick they were. But as the other projects have emerged, and the eth network had became congested.

Other projects have became the new and best alternative for it while many have hated ETH for that utility but still, many likes ETH as an asset and for the other utilities that it's working on.

And that's why it's not seen to change and get on bitcoin's throne.

That will not happen instantly. that needs lots of process and long time. The bullish market is the only thing that can make it happen. ethereum can't rely other than bullish market to increase its price. It's impossible for ethereum to increase alone during the bearish market trend. It's not going to happen very soon. I can't be patience to see a big pump to come but this may take at least 3 years from now.

Ethereum is indeed growing and even though the market is currently down I still believe Ethereum will continue to grow,
the king of crypto is still held by Bitcoin and it is not an easy matter to beat Bitcoin,
Watching Ethereum development is always interesting and let's see what happens next

Miners made as much money as they possibly can, and it was already known that merge would happen so any miner who wanted to get out and not be a miner anymore would have sold their GPU's long time ago. If you are still invested and still mining that means you were aware of what's going on and you still wanted to keep doing it with another coin I suppose.

ETH merge is definitely the biggest news of 2022, it was anticipated for many years now, and it's finally here, we haven't had a big bang yet about it, but I am sure that the future of ETH will be a lot more bright thanks to this situation, and I feel like we are going to see 10k+ ethereum not too long from now.

The Ethereum Merge improves cuts down on energy consumption and improves the efficiency of transactions. However, Bitcoin is still the most popular cryptocurrency in the world and it has the largest market cap. There is still a long way before Ethereum can beat Bitcoin. You can read more about the Merge here: https://aqx.com/blog/crypto/what-is-ethereum-merge-when-is-ethereum-merge-expected/

I think this was to be expected, ethereum has a very strong tendency to follow the movements of bitcoin and it relies on it for its own bullish movements, now it is true they do not move in the exact same way and there are moments in which ethereum may seem to move independently but the number of instances in which this has happened are limited, so while I think there was a reason for people to expect the price of ethereum to go up, it also makes sense it did not as bitcoin is still bearish at this time.

it's not just ethereum that relies on bitcoin prices when the bulls come but all coins depend on ethereum prices and that's for sure.
and for ethereum to increase in price without following the bitcoin trend it is very difficult because until now there has been no good price movement for ethereum.
a lot of people out there expect ethereum to go up without bitcoin's price support but that's very difficult and very unlikely to happen.

Ooops i would say nope ETH merge bring many problems with it as i dont know tou have focused or not the first disappointment is the Diflationary nature of the he ETH + POS brings more centralization and syatem compromisation issues. I dont know why ETH fell after the Merge I'm sure it's won't be long impacting on the market for now Merge is nothing for me.

We will have to see how ethereum evolves from now on, the transition that it made to proof of stake has been criticized precisely because of the point that you are bringing, this move is going to give to the whales a lot of power and it is going to make ethereum way more centralized, but not only that such unilateral move has affected a lot of miners which have invested a significant amount of money in order to mine ethereum, and now they are having problems finding another good coin to mine so they can recover the money they invested.

Exactly. It remains unclear whether the move to POS will actually make ETH better or make it look like other mediocre altcoins. This upgrade does not empower investors to hold ETH, but rather empowers whales to hold large amounts of ETH, they can manipulate ETH and the losers will be retail investors like us. This is something that a lot of people have warned about and worried about about ETH. Whether POW or POS have pros and cons, not perfect, but for cryptocurrencies, privacy and decentralization should still come first, not just fast and cheap.

Ethereum will not able to do that. The only thing that will make it happens is when bitcoin and whole of market was going to the bullish pattern. I don't know when but this is the only thing that can change the situation in the market. You must be prepared with the upcoming bearish trend that may come soon as the main phase of global crisis will be starting from next year. There are so many reports about this.

https://cointelegraph.com/news/45-of-eth-validators-now-complying-with-us-sanctions-labrys-ceo

"According to the CEO of blockchain development agency Labrys, Lachan Feeney, approximately 45% of all Ethereum blocks currently being validated run MEV-boost relay flashbots and comply with United States sanctions.

Speaking to Cointelegraph in an interview on Sept. 30, Feeney noted that while reports have stated that 25% of all blocks validated since the Merge complies with United States sanctions, this is a lagging indicator and the current number is likely to be closer to one out of every two blocks."

That was my fear, I mean merging is not the problem, the problem was what would happen after that? And considering what we have seen before, I was afraid that it would be a lot worse and we would have something that would bother us, like some glitch or bug or any type of problem where hackers would get hold of big funds and so forth.

It hasn't happened yet, which doesn't mean that it would never happen, it just means that it hasn't happened yet, but that’s still a risk that we have managed to postpone and that’s a good thing. If it happens 1-2 year down the line, versus it happening right now, that would be a big deal and it would cause a lot of trouble for sure.

The Ethereum merger, in addition to resulting in a reduction in energy consumption, opens up opportunities for new updates that will increase transaction speed and scaling. And Ethereum is also becoming deflationary, as the reward for a block is reduced by about 20 times.

POS gives advantage and disadvantage to the ethereum. Bitcion is still remain king in the crypto. This can't be denied and this is fact. The problem is since people are always doing all in to the any of ethereum update and they are making the update looks over rated.
I meant POS was good but it doesn't mean if it changes all of structures in the ethereum blockchain

Ethereum blockchain can not be compare with Bitcoin (BTC), because bitcoin has already have long life sperm, than Ethereum (ETH), which bitcoin can not be able to attack  easily or to shunt down, but rather been program for long term, which bitcoin can only have, Bitcoin Halving, which is normally come every four, four years, and nothing like bitcoin merge in the ecosystem.

How can I say that the Bitcoin solution is now going to be with Ethereum. I think this is not gonna right that combine etherium and bitcoin together. Both Ethereum and Bitcoin are very important points in the world of cryptocurrencies, but both are praised for their uniqueness in different ways. But I think after the merge of etherium there could be found some good zone but I think Etherium havn't that much quality yet that could beat bitcoin

There is nothing new to what ethereum has done in the merge, and this merge will only lead to one thing which is the network node will be controlled by the biggest wallet holders and that alone is already a big security threat to the network.

But then even though we decide to look at the problems the ethereum merger could solve in the teeth ecosystem and I have found none as pos still require some other factors that may have not been mentioned in the whitepaper.

agreed smart contract platform from ethereum still arguably have the most utility until this day. meanwhile if it's for investments btc definitely stronger than eth, even right now eth after the merge that was very anticipated is instead getting corrected quite massively. the merge was supposed to increase the value of eth yet it instead losing its price, I think comparing eth with btc in terms of valuation isn't suited.

This is not surprising, since the price of ETH increased on the news of the upcoming ethereum merger and, accordingly, when this event occurred, we see a correction. In addition, we see that not only ETH is being adjusted, but almost all coins, led by bitcoin, are being adjusted.

Lol. If you think Ethereum has the solution to all of Bitcoin's problems, then you really don't know the true importance of decentralization. PoS is pure centralization at its core, enabling the rich to take control over the entire blockchain network. This means big exchanges and companies will have a huge leverage over ETH's network operations, leaving the little guy out of the system. With PoW, anyone can participate in the network's consensus with the appropriate hardware. Exchanges won't be able to have the most say on the Blockchain just by using customers' funds.

There's a reason why Bitcoin developers haven't proposed PoS consensus on the BTC blockchain. That's because they want the cryptocurrency to be as decentralized and censorship-resistant as possible. Doing the switch now, means Bitcoin would "bow" itself to the regulators. They may come with the excuse that PoW is energy intensive, but we all know that banks consume more energy than the entire BTC blockchain. Government officials are pushing developers to adopt PoS on major cryptocurrencies in order to get what they want. I feel sorry for ETH as now it will become no different than other useless centralized "shitcoins" on the market. It seems that "The Merge" hasn't been that much of a success, considering that ETH prices dived to $1.3k. Probably Bitcoin will remain the only decentralized cryptocurrency on the market, while the rest will go all the way down the drain. Just my opinion :)