Can Ethereum lose its stand because of failing PoS merge? Vitalik wants PoS by force and that thing is just too buggy as hell, it seems whales are not in good mood about it as well, I just think that ETH can't make it without the PoW algorithm because this adds value to ETH a lot.
Please tell me more about those bugs and how is pow adding value to it, because it sounds to me that you don't know what you are talking about.
Obviously project of this scale needs a lot of work to be flawless, and they can only release it when it's flawless. You do realize that it's pow right now so why is sodo you think something changed that affect the moods of whales?
ETH PoS will never work, it is just not the way it was programmed initially. What happened is, due to its POW nature craze bursted out for ETH mining. From all around the globe peeps have invested heavily into building their farms. Most of them turned into whales and posses pretty good amount of ETH.
In PoS, miner does not get chance to validate the block on his own. Rather Validators are are selected randomly by the system and these are nothing but coin holders with stakes who have been turned into validators.
What's your point? That we need to think about poor farmers? And how are you deducting from this that it won't work?
If such system comes in effect, then what would POW miners would do? Because these are more or less competition based miners. One with bigger hash goes above all.
POS Will make it worst.
They don't mine ETH after that. What they do is they will mine something else. Obviously they could just fork off their own version that somehow works better when all the developers move to pos version. Good luck with that. Pos and slashing is where the future is.
