Vitalik Buterin in a response to the Biweekly developer’s meeting argued against a possible hard fork of Ethereum. The main point of the meeting was regarding the Antminer E3, which the Ethereum [ETH] developers were in favor of coming out with a hard fork which would effectively disable the hardware.
He had responded to the concerns which were raised by an Ethereum core developer. He commented saying that it would be hard getting everyone to upgrade as it is very chaotic and can distract from the other core issues. So there is no need to take any action.
A Redditor Enigma commented:
“miners should push for more user adoption and utility not mint transactions, this is their true long term growth. if you push them aside they will do just that – setting them aside could make the network unsafe and blockchains with no utility. – thus will always have no value but being cool tech ….”
Bitmain can’t own enough ETH to centralize PoS through simple mining. Mining can’t be that profitable anymore.I’m all with you to have a fork, but I don’t want to spoil the idea over unbacked arguments. The people who matter the most in PoS and who own the most ETH would silently laugh at such arguments, thus undermining the idea of a fork.”
In the meeting, it emerged that indications of Ethereum’s shift away from mining was getting close to reality, as the code is expected to go through a formal verification. It is expected to go on for 5 months. However, Hudson Jameson, the Community Manager commented that the hard fork can occur only if the Ethereum community is in favor of hard fork.
However, in a Twitter poll by Vlad Zamfir, an Ethereum Foundation Developer, it was found that more than 60% of responders were in favor of a hard fork
Ethereum, at press time, is priced at $391 with a market capital of $38 billion. It has declined by -2.29% over the past one day.
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