Back to the list

Bitcoin Maxis React to Ethereum’s Merge Event | Cryptoglobe


www.cryptoglobe.com 16 September 2022 03:32, UTC
Reading time: ~2 m

Shortly after Ethereum’s Merge upgrade was completed in the early hours of September 15, i.e. the Ethereum network switched from proof-of-work (PoW) to proof-of-consensus (PoS), several influential Bitcoin maximalists (or “maxis” for short) expressed their reaction to this event.

Ethereum creator Vitalik Buterin called this successful upgrade “a big moment for the Ethereum ecosystem, and naturally appeared delighted like the rest of the Ethereum community:

And we finalized!

Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.

— vitalik.eth (@VitalikButerin) September 15, 2022

And here's to the developers, client teams, researchers, and educators for their dedication to this major milestone. 👏 @benjaminion_xyz @mkalinin2 @ajsutton for educating so many, researching the Merge spec, and building @Teku_ConsenSys

— Joseph Lubin (@ethereumJoseph) September 15, 2022

However, several well-known Bitcoin maxis, who generally believe that — with the exception of fiat-backed stablecoins such as Tether ($USDT) — Bitcoin is the only legitimate cryptocurrency, were quick to express that they were not impressed by Ethereum’s move to PoS consensus.

Here are a few examples:

TLDR on why it's essential for the future money of the world to be Proof-of-Work, not Proof-of-Stake pic.twitter.com/f6hC5vIye9

— Alex Gladstein 🌋 ⚡ (@gladstein) September 14, 2022

I can’t help but feel that the Ethereum Merge is their S2X moment. Where #bitcoin defended against a push for centralisation, Ethereum has failed.

The consequences will likely be felt some time down the road.

(See below for patronising Udi comment).

— Peter McCormack 🏴‍☠️ (@PeterMcCormack) September 15, 2022

Etheruem has officially merged and moved towards PoS which means it will never be able to go carbon negative. #Bitcoin will achieve carbon negative status by the end of 2024.

— Dennis Porter (@Dennis_Porter_) September 15, 2022

Congrats on this. Seriously. @VitalikButerin pic.twitter.com/CfOoGwFl3p

— Samson Mow (@Excellion) September 16, 2022

Bitcoin advocate Udi Wertheimer criticized Bitcoin maxis for their attacks on Ethereum on Merge day:

They treat PoS the same way everybody else treated Bitcoin — no real effort to engage and understand. They just create or regurgitate propaganda that makes them feel right about something.

It’s absurd.

Bitcoin thought leader IQ all-time lows.

— Zack Voell (@zackvoell) September 14, 2022

Image Credit

Featured Image via Pixabay

Back to the list