after some reflection, here's my take on a eth pow fork
1. many, incl me, have predicted for years that miners would fork ethereum to extract the final juice out of their investment. it doesn't take nostradamus to see this.
1. many, incl me, have predicted for years that miners would fork ethereum to extract the final juice out of their investment. it doesn't take nostradamus to see this.
2. a lot of hashpower does not give this chain any significant value.
3. the chance that a major stablecoin will honor redemptions on this fork over eth2 is not 5%, its not 1%, its a cold zero. anyone who says otherwise is a grifter.
4. if anything goes wrong with the merge, it just gets delayed until the problems are fixed and then the merge happens a few weeks later.
5. no one in the eth community apart from miners want to stay on proof of work.
6. this fork chain will be a giant retail trap. miners, exchanges, traders are all trying to talk it up for their own self-interested reasons.
7. no one wants to use or build ethpow. i have studied the etc, bch, and bsv forks and these were actually dividing their respective communities. in all cases, their minorities were actual believers and not in it for a short-term trade. ethpow doesnt have 1% of that support.
8. crypto is full of bad projects that only exist to dump on retail, but that doesn't make it ok to support them. the fact that ghost chains like etc still exist does not vindicate that point.
9. although most alt chains today are forks of ethereum, none has forked ethereum state. not because they didnt think of it but because its a completely stupid idea.
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