Why The Ethereum Merge is a Monumental Blunder (13 August 2022)
Posted Aug 19, 2022, 2:50 AM UTC
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How many times is this going to get reposted???? Ugh....
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This video is a monumental blunder.
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Give us a tldw
There is a period between Merge and Unlock in which if the US attacks, the choice The Eth community would be left with is either slash 10 billion in small users staked funds on staking service that have to comply with sanctions(for example Coinbase, even if Brian wanted to do what’s best for Eth, and instead of censor, unstake the locked tokens and accept > 50 mil in inactivity slashes while in process, he can’t. He has shareholders. He can’t purposefully lose money for the good of Eth and he can’t give up major parts of his business so that eth doesn’t have to obey sanctions. Lol.) and unwind all of defi and replace US VC made front ends and get rid of US based stablecoins, or accept being captured.
The plan is to hope for the best and assume a benevolent USA while you are literally attacking their power to debase. Lol.
There are many other critiques in the video, but this is the main and time sensitive one. And nobody from the Eth community will debate @Checkmate about it.
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