π WTF is an ImpactDAO @dadabit
π Cultivating Catalytic Communities @tinyrevver
π Regen Web3 movement @owocki
π Community Saves the World @gideonro
π DAOs transforming social impact @Crypto_Altruism
The #Ethereum#Merge is coming around Sept 14th. It isn't easy to predict the exact date bc/ it is defined on terminal total difficulty but it will happen around this date.
π§΅But what is the merge and why is it so important? This thread should help to explain it. #EthereumMerge
What is the #Merge?
It is a long-awaited change from #ProofOfWork to #ProofOfStake or to be more precise the merging of the #PoW Execution Layer with the #PoS Execution Layer.
This will bring the #Ethereum Chain into a new era by removing miners and using validators instead.
Imagine a castle wall: #PoW is a wall made of electricity & if someone wants to break through, they need at least 51% of the total energy in place. #PoS is a wall made of money & if someone wants to break it, they need at least half the money piled up (50% atm: 6.7 Mio #ETH)
1/n @mcuban came back to the @BanklessHQ Podcast. Since the last appearance on the podcast he researched, invested, and given the market, lost a lot of money. Nevertheless, he has lots of optimism about the future of crypto. Learn or get burned π§΅
2/n He made it through the last bear market & he clearly sees the difference between the 2017 crash and the 2022 #bearmarket: Back then it was an #ICO mania but no game-changing applications. The interest was mostly getting in early & lots of hopium.
3/n "First came the innovators then the imitators then the idiots": If something worked on #Ethereum it was ported to other chains or L2. Imitators need lots of volume to survive. That is why some turned into idiots with unsustainable business models. We all know some examplesβ¦