- Samson Mow criticizes Vitalik Buterin after Ethereum’s Merge on Twitter (NYSE:TWTR).
- Mow sarcastically congratulates Buterin by sharing pictures of Ethereum’s failure after The Merge.
- The Twitter community have mixed feelings about The Merge.
Samson Mow criticizes Vitalik Buterin after Ethereum’s Merge on Twitter. Mow sarcastically congratulates Buterin by sharing pictures of Ethereum’s failure following the network’s shift to proof of stake.
Congrats on this. Seriously. @VitalikButerin pic.twitter.com/CfOoGwFl3p— Samson Mow (@Excellion) September 16, 2022
On Twitter, Mow shared pictures of Ethereum’s price falling. At the time of writing, Ethereum is priced at $1,472.78, with a fall of 8.67% in 24 hours and a fall of 13.86% in the past seven days.
Additionally, Mow pinpoints Ethereum’s upgrade to proof of stake (PoS) has also attracted the attention of the SEC. The Chairman of the SEC, Gary Gensler, has claimed that cryptocurrencies and intermediaries that allow holders to “stake” their coins could be a “security,” under the Howey test.
Furthermore, Mow also shared an observation made by another crypto analyst about The Merge. The crypto analyst tweeted that Lido and Coinbase (NASDAQ:COIN) are among the top seven stakers that are creating two-thirds of the block, which destroys the decentralization feature of cryptocurrency. Santiment, a crypto analytic company, also observed that in their Ethereum Post Merge Inflation dashboard, 46.15% of the PoS nodes for storing data, processing transactions, and adding new blockchain blocks were attributed to just two addresses.
There was a mixed reaction observed on the Twitter platform about The Merge. Some Twitter users commented that The Merge would still be beneficial, which would reduce energy consumption. While other Twitter users claimed that Bitcoin is still better than Ethereum.
The Merge was the joining of the original execution layer of Ethereum with its new proof-of-stake consensus layer. The Merge was completed at a block height of 15537393.
The post Samson Mow Criticizes Vitalik for Ethereum’s Merge on Twitter appeared first on Coin Edition.