Only Miners Want To Keep Using PoW in the Ethereum Community, Says Flashbots’ Head of Strategy - Aliens: AI Crypto News & Markets Updates




Only Miners Want To Keep Using PoW in the Ethereum Community, Says Flashbots’ Head of Strategy


Sat, Aug 06, 2022


As per Hasu, director of the strategy at Flashbots, regarding the ETH PoW fork, many, including him, have been predicting that miners will fork Ethereum to extract the last profit from their investments. However, a large amount of computing power does not bring significant value to the chain. Therefore, the chance of major stablecoins redeeming on the forked chain is 0, and anyone who says anything else is a liar.

If there are any issues with the merge, it will only delay until the issues resolve; the merge will take place a few weeks later. Apart from miners, no one in the Ethereum community wants to continue using Proof of Work (PoW). Forked chains would be a huge retail trap. So miners, exchanges, and traders are all trying to justify their selfish interests.

No one wants to use or build PoW ETH. He studied ETC, BCH, and BSV forks, which are dividing their respective communities. In all cases, their minority are true believers, not for short-term deals. ETH PoW has no 1% backing.

Source: Twitter

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