DOGE Founder Offers ‘Ethereum Merger Options,’ Trolling Crypto Community as Merger Approaches
The Doge co-creator ponders how various groups in the crypto community might react to the Ethereum Merge event
IT engineer Billy Marcus, who created the original meme coin, DOGE, as a parody of Bitcoin back in 2013, along with Jackson Palmer, has taken to Twitter to comment on the upcoming Ethereum Merge event. He has roughly suggested possible reactions to it from various groups within the crypto community and non-crypto holders.
“Ethereum Merger Options”
Markus tweeted that Bitcoin maxis will probably simply blame Ethereum for being centralized and blame it on others, while still claiming that “Bitcoin is literally god.”
Average owners of Ethereum will watch the price, Markus tweeted, and will be happy if it goes up, unhappy if it starts to fall.
People familiar with the Ethereum merger will consider it a bunch of trade-offs, Markus expects, while “normies” won’t understand the merger at all.
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ethereum merge opinions:
– bitcoin maxis: merge bad because ETH bad because centralize or whatever and bitcoin is literally god
– average ethereum holder: merge bad if number goes down, good if number goes up
– people who understand a little: there are a lot of trade-offs
– normies: wat
— Shibetoshi Nakamoto (@BillyM2k) 29 August 2022
In the comment thread, a discussion broke out about how much this Ethereum upgrade will affect the environment and whether Bitcoin maxis can exist separately from ETH maxis – a sarcastic discussion, in the spirit of the tweet itself. Dogecoin fans also stepped in to remind everyone that it is DOGE who is god, not Bitcoin, to them.
Vitalik Buterin gives a hard fork reminder
Earlier today, co-founder and head of Ethereum, Vitalik Buterin, posted a tweet to remind the community not only of the Merge that will take place on September 15th, but also of the Bellatrix fork on the Beacon Chain that is going to happen a week later – on 6 September
Buterin tweeted that by then all miners should upgrade their ETH clients. The hard fork will take place in epoch 144896 at 11:34:47 UTC on September 6.
As reported by U.Today earlier, on that day (as well as September 15), the Binance exchange will suspend deposits and withdrawals of Ethereum and ERC-20 tokens.
If the scenario of a new token and a new chain emerging plays out, the ETH ticker will be given to the PoS coin and Binance will allocate the new token to its holders on a 1:1 basis.
Ethereum to exchange for Proof of Stake
When the Merge finally takes place next month, the second largest blockchain will finally switch to the proof-of-stake consensus protocol, leaving behind proof-of-work. This transition to Ethereum 2.0 has been long-awaited by the ETH community, as it is expected that the merger will finally make Ethereum more environmentally friendly and more scarce, as much fewer Ethers will be minted from that point on.
Many in the ETH community have expected the move to PoS to be a pivotal point for Ethereum, pushing the price up considerably.
The Ethereum 2.0 testnet was launched on December 1, 2021, when users began staking Ethereum in the deposit contract. Now 10% of the entire Ethereum supply has been deposited, which is evaluated at $35 billion.
Among major figures in the financial world, Ethereum Merge is backed by billionaire investor Mark Cuban, owner of the Dallas Mavericks, a National Basketball Association team.
