Unchained How Traders Are Thinking About the Merge -- and a Potential ETHPoW Chain - Ep. 395
Sep 13, 2022
Kevin Zhou, co-founder of Galois Capital, and Evgeny Gaevoy, founder and CEO of Wintermute, dive deep into the Ethereum Merge and the potential ETHPoW fork. They explore market reactions and trading strategies, including how to navigate replay attacks and capitalize on the ETHPoW airdrop. The duo debates the implications of Ethereum's transition on Bitcoin's narrative and discusses the environmental impact of Proof of Stake. Expect insights into fluctuating market dynamics and the evolving landscape of decentralized finance.
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ETHPoW Fork Uncertainty
- Ethereum Proof of Work (ETHPoW) is gaining traction, but its success is uncertain.
- Developers criticize ETHPoW's technical team for issues like the missing Chain ID.
Trading ETHPoW
- Prepare for all scenarios regarding the ETHPoW fork timing.
- The market reflects new expectations, with ETHPoW futures basis closing in.
ETHPoW Initial Pandemonium
- The first few blocks of ETHPoW will be chaotic due to a rush to sell value-less assets.
- This pandemonium may last longer than a couple of blocks, given the lack of usual infrastructure.