Upcoming ethereum forks real or fake

[FirmWars]

Is it true that Ethereum forks are coming? I read somewhere online where its said that all ethereum holders on the fork date will get new ETHW and one other fork for free and there is also a rumour that kraken will support the forks, is this real or fake.

[JayDDee]

I read somewhere online

Must be true then.

[rdluffy]

It's probably true, there's some rumours here and there

Sun-backed crypto exchange Poloniex has offered support for the Ethereum fork, currently called EthereumPOW. The exchange will list both ether and the forked token, currently termed ETHW. A futures product for the new token will be launched in August, allowing investors to bet on prices.

Take a look at the source: https://www.coindesk.com/business/2022/08/05/justin-sun-backs-ethereum-hard-fork-as-merge-approaches/

In a fork, you should have the same amount of coin you have before the fork, but the value of the coin probably will be less, like BTC and Bitcoincash for example

[Drawesome]

I don't see the point in maintaining such a costly infrastructure with no value. PoW chains are over. Just BTC and some proof of useful work that may find its way

[philipma1957]

I don't see the point in maintaining such a costly infrastructure with no value. PoW chains are over. Just BTC and some proof of useful work that may find its way

clueless or a con artist which hat is yours?

eth = pos = piece of shit.

this will be the single worst destruction of value crypto has seen.

I hope mr vb does not hang himself when it is burnt to the ground by may of 2023..

or maybe eth will delay yet again.

i think 8/11 is a key date. lets see if we make that test.

edit 8/9 is the next text

[adaseb]

It’s pretty common in crypto for there to be different forks when an important event occurs such as the merge. There was the Bitcoin and bitcoin cash fork. Then the Bitcoin cash and Bitcoin sv fork. Then with Ethereum it was, ETH with ETC and so on.

Since so many miners want to continue making money mining they will try and support the POW fork of ETH. Whether it survives is another question. Whether it has value is also unknown.

[VRExpress]

Its still a speculation, something that may or may never happen, Ethereum is such a good project but going POS is not cool, instead of fixing high gas fee and keeping the PoW also intact they trying to do something else, vitalik will end up shooting himself in the foot.

[bittraffic]

Splitting the chain again will be better than having a POS alone. ETC doesn't have a lot going on, and the tokens that exist right now can't even be migrated to ETC. As long as there is going to be support for the ETHw, then it will be created. Then we shall see which one will really perform well after. Some people couldn't even believe that Vitalik fell for this.

[Pterosaur]

I support a PoW fork because there is really no better coins to mine out there than Ethereum and I still believe that ETC isn't going to be enough so if we have ETH PoW and ETH PoS it will be a win win situation for everyone..

[swogerino]

I support a PoW fork because there is really no better coins to mine out there than Ethereum and I still believe that ETC isn't going to be enough so if we have ETH PoW and ETH PoS it will be a win win situation for everyone..

What makes you think that this new PoW will be as successful as the old Ethereum after it merges?No one can gives such guarantee although I agree the more PoW options we have including a new Ethereum Pow the better for all the miners will be.

However I think that ETC is showing great performance so far but of course only a minority has pointed their mining devices to ETC already with me being one of them.Of course if all ETH hashrate moves to ETC then we have to see how it will behave,will it skyrocket in price to accommodate for this huge difficulty increase in the network or it will stay the same in price thus making it a not profitable coin to be mined.

[adaseb]

Well the backwardation for ETH futures seems to be widening more. Bitcoin is basically flat but Ethereum is getting negative. Which means people are hedging their spot position. Seems as we get closer and closer this negative premium will keep growing higher and higher.

What this means is that someone experts there to be an ETHPOW that will be worth something. Or else nobody would be buying all this ETH and holding it for over a month.

[onecall123]

The new Ethereum update is coming this September, and there is a suggestion that we buy Ethereum classic in order to merge Ethereum 2.0. It has been reported that the ETH POS is not suitable for validators even if they qualify. All of us know how the forked coins turned out. I spoke with some miners who are switching to ETC and they seem to be happy with their decision. Is there a new fork being considered that might attract miners away from ETC?

[john1010]

There's a lot of people inside the crypto world tried to scam the community by doing this such thing, We all know that ethereum has their fork a few year ago, in my knowledge doing another one is not helpful and useful to the community. Let us observe first the forks that already in the circulation now.

[bitquad]

Justin Sun (Tron) supports forking ETH. He's had a track record of messing things up. Remember the Steem fiasco?

https://www.coindesk.com/business/2022/08/05/justin-sun-backs-ethereum-hard-fork-as-merge-approaches/

https://everything-blockchain.com/steemit-justin-sun-takeover-the-full-story/

[YellowSwap]

Justin Sun (Tron) supports forking ETH. He's had a track record of messing things up. Remember the Steem fiasco?

https://www.coindesk.com/business/2022/08/05/justin-sun-backs-ethereum-hard-fork-as-merge-approaches/

https://everything-blockchain.com/steemit-justin-sun-takeover-the-full-story/

Someone needs to talk into that guys brain box, JS need to focus and work something out with Tron trc20 smart contract, that thing is just there for nothing sake, the only thing that keeps Tron alive is USDT and JS money, that Blockchain is useless.

[Bitcoin_Arena]

Justin Sun (Tron) supports forking ETH. He's had a track record of messing things up. Remember the Steem fiasco?

https://www.coindesk.com/business/2022/08/05/justin-sun-backs-ethereum-hard-fork-as-merge-approaches/

https://everything-blockchain.com/steemit-justin-sun-takeover-the-full-story/

I don't even know why people still believe in fraudsters like Justin Sun.

His high centralized shit blockchain dubbed as the Ethereum killer was a huge fail despite holding a very massive and successful ICO back then and now here he is confusing people and not minding his business of trying to revive dying TRON.

[adaseb]

I think the only reason why Tron is used today is most likely due to the USDT payments. They are super cheap on TRON network and many exchanges support deposit/withdraws by TRON.

ETH fees are cheap now but in the past you had to pay like $50 to do a single usdt transfer. So many used Tron for that. There is the Omni on Bitcoin which is also cheap but long wait times. Hence why Tron is very useful.