About Ethereum merge

[BitKongy]

Can Ethereum lose its stand because of failing PoS merge? Vitalik wants PoS by force and that thing is just too buggy as hell, it seems whales are not in good mood about it as well, I just think that ETH can't make it without the PoW algorithm because this adds value to ETH a lot.

[rhomelmabini]

If the Merge works according to what was plan I don't this is a failure and tbh we should wait first until it's live before giving out opinion which isn't yet at hand. There are huge advantages when we go to Merge and scalability is what I really wanted is the implementation of sharing since that will solve much of the cry of people concerning the higher throughput of transaction fees.

Besides, PoW is somehow gets attention from global organization and I think the transition is somehow not that bad considering it's environmentally friendly.

[malcovi2]

Besides, PoW is somehow gets attention from global organization and I think the transition is somehow not that bad considering it's environmentally friendly.

True, especially the rise of electricity costs due to the on-going war, miners again are forced to relocate to a country that has a lower electricity costs. Also some countries are starting to ban crypto-mining related activities. Just look at US, other states are slowly banning such activity, it really shows the big impact on the consumption of electricity.

[Crypt0Gore]

Besides, PoW is somehow gets attention from global organization and I think the transition is somehow not that bad considering it's environmentally friendly.

True, especially the rise of electricity costs due to the on-going war, miners again are forced to relocate to a country that has a lower electricity costs. Also some countries are starting to ban crypto-mining related activities. Just look at US, other states are slowly banning such activity, it really shows the big impact on the consumption of electricity.

Wait what do you mean by the ban on crypto mining in the USA? That's the perfect place for miners I don't get you, there are tons of crypto miners on Youtube that are also from the USA, your point is invalid.

[terciduk123]

It could happen, Ethereum could lose the 2nd position after Bitcoin in market cap. It all depends on how Vitalik brings Ethereum, POS which is considered a solution for high transaction fees, but until now the problem of high transaction fees is still a problem on the Ethereum network.

[Dave1]

It could happen, Ethereum could lose the 2nd position after Bitcoin in market cap. It all depends on how Vitalik brings Ethereum, POS which is considered a solution for high transaction fees, but until now the problem of high transaction fees is still a problem on the Ethereum network.

I don't think that they will lose their 2nd position, although I must admit that this is a problem. POS is the supposedly solution to the high fees and with a lot of roll out and improvement, still the problem persists. Not sure what the reasons though, but I have a hunch that too many validators are taking control now. Vitalik has his roadmap as far as POS goes, maybe he still have something in his sleeves to make things work.

[TastyChillySauce00]

Can Ethereum lose its stand because of failing PoS merge? Vitalik wants PoS by force and that thing is just too buggy as hell, it seems whales are not in good mood about it as well, I just think that ETH can't make it without the PoW algorithm because this adds value to ETH a lot.

In my opinion if that needs to be observed even more. It's caused by this move is betting the reputation of big blockchain that already had active community behind it. If ethereum can do another big burn again and it's better if the EIP must become a better choice caused by it can add deflationary to prevent the inflation that happend with ethereum. In my opinion if this is more sustainable model rather than forcing ethereum to be POS coin. This is also making it to come into the new code that will change a lot of its infrastructure.

[MidNite36]

It could happen, Ethereum could lose the 2nd position after Bitcoin in market cap. It all depends on how Vitalik brings Ethereum, POS which is considered a solution for high transaction fees, but until now the problem of high transaction fees is still a problem on the Ethereum network.

Unfortunately, this high gas fee issue on Ethereum isn't going away any time soon, it was expected to get fixed with the merge by June of this year and now ETH teams have postponed it once again as many have predicted, I'm thinking that this upgrade won't be easy.

[Republikcoin.com]

Can Ethereum lose its stand because of failing PoS merge? Vitalik wants PoS by force and that thing is just too buggy as hell, it seems whales are not in good mood about it as well, I just think that ETH can't make it without the PoW algorithm because this adds value to ETH a lot.

^{Image Source: coinmarketcap}

Open your eyes once again mate, take a look at the current Ethereum market cap volume and see what's below it now, are they able to fight Ethereum which still has a very large trading volume
Because one way to shift Ethereum's position is through large volumes because Ethereum is a very old coin and also has smart contracts that are still used by people who need it. So is it possible that Ethereum can be shifted by others?

[kidbounty]

Besides, PoW is somehow gets attention from global organization and I think the transition is somehow not that bad considering it's environmentally friendly.

maybe POS is more environmentally friendly, but this consensus is leading to centralization. the crypto community doesn't like this, that's why many do not like this change. so many think that upgrading POS will make ethereum lose its place. but I personally don't think so. I see POS will strengthen ethereum's position.

[Teraboy]

that could be a disaster for ethereum. IMO if the implementation of POS merge already passed so many test by various developers in the ethereum foundation but we didn't know whether there will be another new vulnerability that is still remain active or not. I meant a new code will need a very long time to search the vulnerability and when ethereum will be migrating into the POS and this will be a very big decision to take a look whether the code has no vulnerability or not. If there will be a vulnerability in the new code and when this got exploited and this will become a disaster for anyone and crypto market.

[crwth]

I think the overall outlook of ETH would be better if it happens already, the upgrade from PoW to PoS would be greater and the energy consumption would really change and would make it ideal to be used in terms of the consumption of itself. Whether it's buggy or not, it's still a good upgrade though. A lot of people would benefit from it as well.

[malcovi2]

Besides, PoW is somehow gets attention from global organization and I think the transition is somehow not that bad considering it's environmentally friendly.

True, especially the rise of electricity costs due to the on-going war, miners again are forced to relocate to a country that has a lower electricity costs. Also some countries are starting to ban crypto-mining related activities. Just look at US, other states are slowly banning such activity, it really shows the big impact on the consumption of electricity.

Wait what do you mean by the ban on crypto mining in the USA? That's the perfect place for miners I don't get you, there are tons of crypto miners on Youtube that are also from the USA, your point is invalid.

how is my point valid when some states have banned crypto mining because people have been complaining on increase of electricity charge?
also this wont be an instant ban but it would be a slow process since laws or ordinances isnt an instant thing to happen

https://finance.yahoo.com/news/crypto-regulation-proof-bitcoin-mining-150603659.html

POS is the future wether you like it or not, if POW has really no effect on electricty it wouldn't been banned or a problem in other countries.

[Coin BTC]

I don't think they're going to lose their second place, but relying heavily on the vitalik that brings ethereum, which we see now high transaction fees and escalating problems in the ethereum network for this SSAT, and unfortunately the issue of high fees on ethereum isn't going away. disappears in the short term, it may take some time later. And POS is one of the supposed solutions for high costs and with many rollouts and upgrades.

[so98nn]

ETH PoS will never work, it is just not the way it was programmed initially. What happened is, due to its POW nature craze bursted out for ETH mining. From all around the globe peeps have invested heavily into building their farms. Most of them turned into whales and posses pretty good amount of ETH.

In PoS, miner does not get chance to validate the block on his own. Rather Validators are are selected randomly by the system and these are nothing but coin holders with stakes who have been turned into validators.

If such system comes in effect, then what would POW miners would do? Because these are more or less competition based miners. One with bigger hash goes above all.

POS Will make it worst.

[rhomelmabini]

Besides, PoW is somehow gets attention from global organization and I think the transition is somehow not that bad considering it's environmentally friendly.

maybe POS is more environmentally friendly, but this consensus is leading to centralization. the crypto community doesn't like this, that's why many do not like this change. so many think that upgrading POS will make ethereum lose its place. but I personally don't think so. I see POS will strengthen ethereum's position.

I think they are thinking/planning to solve that one from the blockchain trilemma and it really wasn't for everyone. Who have more to stake money will make more money and that's what others are disgruntled about, it's really a risky move considering how effective PoW over decentralization compare to PoS but I believe they may come up with a plan.

[cryptoperkele]

Can Ethereum lose its stand because of failing PoS merge? Vitalik wants PoS by force and that thing is just too buggy as hell, it seems whales are not in good mood about it as well, I just think that ETH can't make it without the PoW algorithm because this adds value to ETH a lot.

Please tell me more about those bugs and how is pow adding value to it, because it sounds to me that you don't know what you are talking about.

Obviously project of this scale needs a lot of work to be flawless, and they can only release it when it's flawless. You do realize that it's pow right now so why is sodo you think something changed that affect the moods of whales?

ETH PoS will never work, it is just not the way it was programmed initially. What happened is, due to its POW nature craze bursted out for ETH mining. From all around the globe peeps have invested heavily into building their farms. Most of them turned into whales and posses pretty good amount of ETH.

In PoS, miner does not get chance to validate the block on his own. Rather Validators are are selected randomly by the system and these are nothing but coin holders with stakes who have been turned into validators.

What's your point? That we need to think about poor farmers? And how are you deducting from this that it won't work?

If such system comes in effect, then what would POW miners would do? Because these are more or less competition based miners. One with bigger hash goes above all.

POS Will make it worst.

They don't mine ETH after that. What they do is they will mine something else. Obviously they could just fork off their own version that somehow works better when all the developers move to pos version. Good luck with that. Pos and slashing is where the future is.

[Reid]

Vitalik may have lady luck on his side because this is the right time to release it.
War and sanctions caused a lot of problem with the economy and that includes "power" electricity consumption. He may have more support now considering it's a POS.
But we don't know about it's success yet until we see it with our own eyes. We are just speculating here and the only fact that we can see is Ethereum's strength in the market and it's not going down yet. Investors are expecting a good product.

[ardydyon]

if this merger happens and is successful I think this will be a new breakthrough that will benefit eth.
we see from the scalability that will be greater, the market is getting wider, and will solve the problems that have occurred so far.
at this time we should first see the progress, because this merger is still in the process. Let's wait and see how the results are, don't be too pessimistic and give exaggerated opinions while this merger project is still in progress.

[the ghabbar]

It could happen, Ethereum could lose the 2nd position after Bitcoin in market cap. It all depends on how Vitalik brings Ethereum, POS which is considered a solution for high transaction fees, but until now the problem of high transaction fees is still a problem on the Ethereum network.

But according to my understanding, ethereum is very difficult to get rid of in 2nd place, because this coin has a stable volume and demand in the market, the problem is that the cost of ethereum is high only for those who follow the campaign program in the bounty, but for those who make large transactions it is not too burdened by the high gas costs, today the difference between ethereum and other coins on the market is very large, both the buying/selling price, the transaction and the balance between demand and sale, so that this coin is able to be in its current position