One important thing cryptocurrency industry has taught me so far is, it doesn't always think rationally 😅
if it did, we would have already much superior solutions and all would have been probably switched completely to just use cryptocurrency as actual medium of monetary settlements for everything everywhere.
debates and facts around ETH merge reminding me of the times of segwit activation on BTC, which divided the community, and split that to Bitcoin and Bitcoin Classic. The centralised control had big push towards segwit, and it is dominantly valued today.
LN was loudly voiced it's unscalable and centralised solution, yet many are pouring millions onto it and valuing it more
I sure hope I do wrong on my speculations on that thread that I wrote about ETH merge consequences 🤞
but at the current state as I'm seeing the support and non-support side of the ETH merge consequences feel like weighed more on the support side
there aren't as much oppositions to NOT go ahead with PoS for ETH
or proposing better solution which actually is getting adopted by even a fork of ETH
the on-chain metrics also shows that big institutional money is the main driving source for ETH's narrative and influencing it's development in very big ways
and as history says they really don't care about ANYTHING but just money and their bags
all technical solutions superiority seems mean nothing to them
I really hope there is Google moment comes out of all of this mess in cryptocurrency industry, which means some meaningful small project with great innovative solutions gets higher valued and adopted to get higher network effect to compete with ETH type projects.
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