[ANN] Ethereum: Welcome to the Beginning

[percy_tc]

maybe many people think that this ETH merger will make the gwei gas on transactions much lower as is the case with BNB which always stays at 5 gwei for transactions, this is what I expected and it didn't happen until the merger was successful a few hours ago, I was wrong the only one who believes that by merging transactions is much cheaper even though the gwei gas is not really lower than expected after the merger, but I congratulate ETH for successfully moving to the POS network, hope it can be cheaper in the future https://etherscan.io/gastracker

Who cares? More fee, more burn.

[onecall123]

maybe many people think that this ETH merger will make the gwei gas on transactions much lower as is the case with BNB which always stays at 5 gwei for transactions, this is what I expected and it didn't happen until the merger was successful a few hours ago, I was wrong the only one who believes that by merging transactions is much cheaper even though the gwei gas is not really lower than expected after the merger, but I congratulate ETH for successfully moving to the POS network, hope it can be cheaper in the future https://etherscan.io/gastracker

There's always going to be something that doesn't sit well with us. A number of updates will take place, including Vitalik, more coders, sharding, as we've now first mover advantage.

I believe the fees go to validators. Ethereum has a lot of built-in users and projects. The Ethereum network is now on the verge of lowering their fees and making transactions faster. This development required the merge. For its own sake, I hope so. It is impossible for them to maintain this charade by charging such high fees.

[bitcampaign]

maybe many people think that this ETH merger will make the gwei gas on transactions much lower as is the case with BNB which always stays at 5 gwei for transactions, this is what I expected and it didn't happen until the merger was successful a few hours ago, I was wrong the only one who believes that by merging transactions is much cheaper even though the gwei gas is not really lower than expected after the merger, but I congratulate ETH for successfully moving to the POS network, hope it can be cheaper in the future https://etherscan.io/gastracker

Who cares? More fee, more burn.

yes it's true the more fees the more burned, but it makes it difficult for me a small trader to transact on the ETH network

maybe many people think that this ETH merger will make the gwei gas on transactions much lower as is the case with BNB which always stays at 5 gwei for transactions, this is what I expected and it didn't happen until the merger was successful a few hours ago, I was wrong the only one who believes that by merging transactions is much cheaper even though the gwei gas is not really lower than expected after the merger, but I congratulate ETH for successfully moving to the POS network, hope it can be cheaper in the future https://etherscan.io/gastracker

There's always going to be something that doesn't sit well with us. A number of updates will take place, including Vitalik, more coders, sharding, as we've now first mover advantage.

I believe the fees go to validators. Ethereum has a lot of built-in users and projects. The Ethereum network is now on the verge of lowering their fees and making transactions faster. This development required the merge. For its own sake, I hope so. It is impossible for them to maintain this charade by charging such high fees.

yes yesterday saw gas costs reach 200 Gwei and it surprised me why the fees got so high again even though it didn't take long and finally it went back to low below 10 Gwei, I thought the merger made transaction fees much cheaper but I was wrong and they are working on that best way to make ETH transactions much cheaper and still in progress

[theskillzdatklls]

maybe many people think that this ETH merger will make the gwei gas on transactions much lower as is the case with BNB which always stays at 5 gwei for transactions, this is what I expected and it didn't happen until the merger was successful a few hours ago, I was wrong the only one who believes that by merging transactions is much cheaper even though the gwei gas is not really lower than expected after the merger, but I congratulate ETH for successfully moving to the POS network, hope it can be cheaper in the future https://etherscan.io/gastracker

Sharding is what gets us there, which is the next major phase. Many people mixed that up. All the merge did was change the rewarding mechanism from POW to POS.

Sharding is what helps the standard user a lot. Because, as I recall, the ETH network can handle about 17 tx/second as it stands. Once sharding gets developed, which is probably I'd guess 2 years away, the tx/sec would increase from 17 to 100,000. And if you pair that with L2s, you can start to achieve a network that can handle institutional stuff / nation state stuff. Assuming the network is built out correctly. Because there is the mega fail of Solana which has their blockchain go "offline" whenever there's an issue. ETH can't have that happen or else it's a failed project, imo.

[bitcampaign]

maybe many people think that this ETH merger will make the gwei gas on transactions much lower as is the case with BNB which always stays at 5 gwei for transactions, this is what I expected and it didn't happen until the merger was successful a few hours ago, I was wrong the only one who believes that by merging transactions is much cheaper even though the gwei gas is not really lower than expected after the merger, but I congratulate ETH for successfully moving to the POS network, hope it can be cheaper in the future https://etherscan.io/gastracker

Sharding is what gets us there, which is the next major phase. Many people mixed that up. All the merge did was change the rewarding mechanism from POW to POS.

Sharding is what helps the standard user a lot. Because, as I recall, the ETH network can handle about 17 tx/second as it stands. Once sharding gets developed, which is probably I'd guess 2 years away, the tx/sec would increase from 17 to 100,000. And if you pair that with L2s, you can start to achieve a network that can handle institutional stuff / nation state stuff. Assuming the network is built out correctly. Because there is the mega fail of Solana which has their blockchain go "offline" whenever there's an issue. ETH can't have that happen or else it's a failed project, imo.

yes I know it has a process that may be a bit long and maybe go through a sharding process, at least I have also really seen cheap transaction fees every weekend so it makes it easier for me to transact, it seems the miners are throwing ETH so the price keeps going down every time

[ayiphelmy]

i bet eth will be a shitcoin

[fr4nkthetank]

i bet eth will be a shitcoin

well that gave me a chuckle, thanks 

[bitcampaign]

i bet eth will be a shitcoin

well that gave me a chuckle, thanks 

unfortunately even if we laugh at anything at ETH right now, it won't be a shit coin, basically ETH will be interesting in the future looking at the results after yesterday's merger, I believe it needs a process to become more powerful

[theskillzdatklls]

i bet eth will be a shitcoin

Sounds like the easy solution is to place your bets with shorts or futures contracts rather than whatever it is you're doing here.

Would have made you some money had you acted when you posted.

[Unbunplease]

In my opinion, we will soon see a battle between btc and eth. one cannot ignore the fact that ethereum is now more in line with the principles of green mining than bitcoin

[Samthehero]

Are you guys prepared for the dumpening??

The merge was the last straw. Now it will be only sell pressure in the next 12-24 months.

How low do you think it will go before all is said and done??

[estenity]

finally the goal of the whole ETH merge-move is unclear...

waiting for manageable explanations, this was at least dangerous.

[theskillzdatklls]

Are you guys prepared for the dumpening??

The merge was the last straw. Now it will be only sell pressure in the next 12-24 months.

How low do you think it will go before all is said and done??

Seems like the opposite to me. 90% less issuance, and the exodus of miners that are forced to sell to recoup electrical / hardware costs? Pretty sure that's less sell pressure to me by the very nature of the game.

How low can things go though? I guess fairly likely is another 10-20%. I would say more unlikely is a 30-40% drop. I have a hard time seeing more than that personally. So the high hundreds I would see as a hard floor for ETH.

[Unbunplease]

Are you guys prepared for the dumpening??

The merge was the last straw. Now it will be only sell pressure in the next 12-24 months.

How low do you think it will go before all is said and done??

I think it will be different. ethereum is now becoming almost a deflationary asset. and I see no reason why eth will be dumped heavily. it is possible that there will soon be more motivation for stackers

[elmo40]

ETHw ftw. 
Where else are 2M miners supposed to go? ERGO? RVN? Those don't have legs. Have you seen the 500% in diff for almost all other GPU mined coins? Now wait for the income dumping to pay for mining. No one holds ERGO or Vertcoin for the long term.

[theskillzdatklls]

ETHw ftw. 
Where else are 2M miners supposed to go? ERGO? RVN? Those don't have legs. Have you seen the 500% in diff for almost all other GPU mined coins? Now wait for the income dumping to pay for mining. No one holds ERGO or Vertcoin for the long term.

Luckily for them it's just GPUs. They can repurpose them a number of ways, like gaming. And selling them off even.

[coupable]

How low can things go though? I guess fairly likely is another 10-20%. I would say more unlikely is a 30-40% drop. I have a hard time seeing more than that personally. So the high hundreds I would see as a hard floor for ETH.

There are expectations that the rate of decline will be much more than that and may exceed 40 percent.
I find that this is normal due to people's fear that modernization will not succeed, especially since many experts have spent the past months discussing the disadvantages of modernization compared to its advantages.
Trading platforms will play a major role in restoring users' confidence in the network, which will always be linked to the contribution of miners to support it.

[exoncenter]

Which wallets support ETHW?

[zasad@]

Which wallets support ETHW?

https://metamask.io

Network Name: ETHW-mainnet
New RPC URL:  https://mainnet.ethereumpow.org
Chain ID: 10001
Currency Symbol: ETHW
Block Explorer URL(Optional): https://mainnet.ethwscan.com

___

https://twitter.com/VitalikButerin/status/1570306185391378434
Happy merge from vitalik.eth

https://twitter.com/natemaddrey/status/1570856077788585984
"The moment of the merge - going from somewhat random Ethereum block times to predictable 12 second intervals"

Ethereum Core Devs Meeting #147 [2022-9-15]
https://www.youtube.com/watch?v=DdUt77_eWyc&t=492s

https://someresat.medium.com/guide-to-staking-on-ethereum-ubuntu-lodestar-193a2553a161
Guide to Staking on Ethereum (Ubuntu/Lodestar)

[blockman]

I think it will be different. ethereum is now becoming almost a deflationary asset. and I see no reason why eth will be dumped heavily.

The current dump was due to the overall market going down. But I'm sure that it's going to be more of a deflationary asset and that's the same with bitcoin.

it is possible that there will soon be more motivation for stackers

It's just going to be a matter of time and we'll that the recovery comes in and everyone would again say that they should have bought when it's low as it is now @ $1200.