Skip to content

Crypto Reacts: Was The Ethereum Merge a Success Or A Mess?

For better or worse, we live in a post-Merge world. Ethereum is finally a Proof-Of-Stake blockchain. The switch is among the most important and divisive news of the year. The Ethereum side sees it as a technological wonder and the bitcoin side as a great mistake. For the first time since we started the Crypto Reacts feature, both camps are at totally opposite ends of the spectrum. 

Grab some popcorn. This is going to be fun.

It all starts with Vitalik’s bizarre philosophical explanation of what the merge means.

Is this man joking?

“Proof of Work is based on the laws of physics, so you have to work with the world as it is…  Whereas because Proof of Stake is virtualized in this way, it’s basically letting us create a simulated universe that has its own laws of physics.”

Is Vitalik for real? What does this man mean by that? In a more lucid state, the man behind Ethereum tweeted:

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

The question here is, what did everyone else say?

The Ethereum Community Went To Bat For The Merge

  • Our friends at Coindesk wrote about the live viewing party: “When the Merge officially kicked in at 6:43 a.m. UTC, more than 41,000 people were tuned in on YouTube to an “Ethereum Mainnet Merge Viewing Party.” They watched with bated breath as key metrics trickled in suggesting that Ethereum’s core systems had remained intact. After about 15 long minutes the Merge officially finalized, meaning it could be declared a success.”
  • Messari founder Ryan Selkis doubled down on his Ethereum bet, “The positive impact of the Merge is tremendous, and there’s a good chance institutions and the woke mob bid ETH to the moon now that it’s “clean.” Still like me BTC, but the game just changed!”
  • Nouns NFT’s Steve Fink praised the development team, “the merge being uneventful means the engineers are absolutely f***ing elite.”