The Merge Pt. 2 | ETH PoW Thought Experiment

Join Matt and Karan as they break down the Merge! This is part 2 of our Merge series - in this episode we discuss the potential of a hard fork, the recent thread from @GaloisCapital on twitter, the implications for DeFi, and much more! -------------------------------------------------------------------------------------------------------------------------- Be sure to like and subscribe if you like our content! Follow us on Twitter and everywhere you get your podcasts below: Twitter: https://twitter.com/decentcryptopod YouTube: https://www.youtube.com/channel/UCWQQLP0GR5Hhk2VE5wW1-pg Matthew Blumberg: https://mobile.twitter.com/matt_blumberg Karan Karia: https://mobile.twitter.com/karankaria_ Podcast Links: https://linktr.ee/DecentCryptoPodcast Merge Episode: https://open.spotify.com/episode/6Gusn2v71WSjy1uFP5OfDE?si=741c7e89e33d4b50 Lido Episode: https://open.spotify.com/episode/3W0OLD05HgHuNji393iT71?si=d1f39eceb5014045 Galois Capital Twitter Thread: https://twitter.com/Galois_Capital/status/1552387715362070528 -------------------------------------------------------------------------------------------------------------------------- Timestamps (00:00) Intro (01:30) Part 1 Recap (06:30) What are the miners going to do? (16:50) The case for ETH1 (Proof of Work Fork) (20:20) The Decent Crypto Podcast prediction (22:30) Galois Capital Questionnaire Q1 — How many forks will there be? (25:38) Q2 — What will miners mine? (34:10) Q3 — Which chain will USDT support? Any nontrivial chance it’s ETH1? (37:40) Q4 — How do exchanges handle perps/futures? (50:30) Q5 — What happens to stETH? (56:40) DeFi Fallout Preview