September 13, 2022: A Comedy of Justice βοΈπͺ
Why You Should Steer Clear of ETHPoW
The Merge is roughly 24 hours away. We are expecting an on-chain comic disaster to unfold: all our favorite tokens plummeting to zero, protocols swiftly collapsing in the aftermath, and a generally dystopian post-apocalyptic hellscape emerging.
At least, this is the likely fate of the βProof of Workβ fork, scheduled for about a day after the merge.
Watching the disaster that is the ETHPoW chain may be the most entertaining sideshow to the official Merge watch party. However, we can only advise you enjoy the debacle from a safe viewing distance. For reasons ranging from security to taxation, we advise nobody dare venture into this evil mirror universe.
The PoW fork is neither well-planned nor well-executed. It appears to be a sloppy cash grab by desperate miners unwilling to cry uncle.
Even Ethereum Classic devs are dunking on their plans.
The ordinarily loquacious @adamscochran finds himself at a rare loss for words, mustering just two tweets on the subject.
If you are adventurous enough to venture into dark world, hereβs what you need to know.