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One important corollary of this is better EIP 1559 performance (because fewer blocks bump up against the 2x limit). So far, the percentage of full blocks has dropped from ~20% to ~10%.https://t.co/qmCkqzYn2z https://t.co/8ZzlPunGEZ
— vitalik.eth (@VitalikButerin) September 15, 2022
This is a huge day for @VitalikButerin and @zoink.
— Balaji Srinivasan (@balajis) September 15, 2022
It’s also a huge day for proving the point that at least some people can succeed without college.
How many people? Even if it’s just the very best, that shows there’s a level above college.
But maybe it’s everyone. pic.twitter.com/Q6uKpjGYgJ
The first block on PoS had a block reward of 45 Ether!https://t.co/IW35krTJ7xhttps://t.co/as0fTQYxl6 pic.twitter.com/8g7gbu5Ivt
— prestonvanloon.eth (@preston_vanloon) September 15, 2022
Morning after the merge...
— Haseeb ＞|＜ (@hosseeb) September 15, 2022
What now guys?
The block times of the last 100 blocks!
— Martin Köppelmann 🇺🇦 (@koeppelmann) September 15, 2022
Amazing stability after the merge! Only 1 missed block.
This is really the best case scenario! pic.twitter.com/dV1PF70vCL
The "Ethereum never ships" narrative is ☠
— DavidHoffman.eth 🦇🔊🏴 (@TrustlessState) September 15, 2022
Eth folks already RTing one of the most aggressive and misleading esg trolls isn't great pic.twitter.com/hmDCFbYur2
— Dan McArdle (@robustus) September 15, 2022
Wait, I thought it was decentralized? https://t.co/tVFvQIw92X
— Digital Asset Investor (@digitalassetbuy) September 15, 2022
There is no alternative to #Bitcoin.
— Michael Saylor⚡️ (@saylor) September 15, 2022
I got the first transaction
— The Transition (@0xTransition) September 15, 2022
Someone just paid 36 ETH in gas to mint this
— Cirrus (@CirrusNFT) September 15, 2022
The first minted NFT on proof of stake pic.twitter.com/zKUKI06EjH
Congratulations to the entire Ethereum community! 👏
— krls.eth / Carles Puigdemont (@KRLS) September 15, 2022
The merge is a vast, complex technical & operational accomplishment that will reduce Ethereum energy consumption by ~99%. @VitalikButerin https://t.co/BUkUl6y2hB
If the merge doesn't make you bullish ETH nothing will
— RYAN SΞAN ADAMS - rsa.eth 🦇🔊 (@RyanSAdams) September 15, 2022
Congratulations to the entire Ethereum team on a successful merge. This is a historic moment for us all and a big step in scaling Ethereum to it's first billion users. We hope you're celebrating this morning, we sure are!🍾cc: @VitalikButerin, @TimBeiko, the @ethereum foundation.
— Yuga Labs (@yugalabs) September 15, 2022
And we finalized!
— vitalik.eth (@VitalikButerin) September 15, 2022
Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.
Hadn’t thought much about how variable blocktimes contributed to variable blocksizes, but a lovely complement to EIP-1559
— foobar (@0xfoobar) September 15, 2022
Reducing blocktime variance to near-0 (in addition to 10% average blocktime decrease) should have a notable improvement on end-user speed perception https://t.co/7dgGTx7Wmg
"The merge will reduce worldwide electricity consumption by 0.2%" - @drakefjustin
— vitalik.eth (@VitalikButerin) September 15, 2022
A moment and milestone to remember. Congratulations to the builders who navigated enormous technical complexity. You should be incredibly proud. https://t.co/EfVwCBrO2p
— Emin Gün Sirer🔺 (@el33th4xor) September 15, 2022
ETH PoW is trading at $27 (1.7%). The daily rewards are 13100 ETH, $354k instead of $20m. There is no way miners can just ”keep mining” the ETHPoW chain, no matter how you adjust the difficulty. There simply aren’t enough rewards in the system to pay for the electricity bills.
— Erica Wall X 🏴 (@ercwl) September 15, 2022
I’ve said this before so many times, you need to have conviction and patience to survive early stage projects. Today is in many ways day one for a new Ethereum network. It’s going to take a while before the world realises how incredible that is.
— kain.eth (@kaiynne) September 15, 2022
Ethereum Merged!
— Matt Huang (@matthuang) September 15, 2022
Beyond the apropos excitement for Ethereum and its future (withdrawals! 4844! etc)…
A massive technical achievement by an open & decentralized community over 8+ years.
Incredibly bullish on crypto communities as *new institutions* that can build Great Things.
You make the commitment and nature will respond to that commitment by removing impossible obstacles. Dream the impossible dream and the world will not grind you under, it will lift you up. This is the trick.https://t.co/JGGr8vrcDK
— vanityblocks.eth (✨,🛢️) (@VanityBlocks) September 15, 2022
Truly an incredible technological feat – congrats Ethereum community on the merge!
— Brad Garlinghouse (@bgarlinghouse) September 15, 2022
Be not dismayed, Lord Satoshi is the one true god. #Bitcoin doesn’t need to do anything just exist. That is all, and in time all sinners will repent. https://t.co/Wf6CM0EeMi
— Arthur Hayes (@CryptoHayes) September 15, 2022
Merging right into the foodstamps line pic.twitter.com/8W5PSj1RBV
— Frank Chaparro (@fintechfrank) September 15, 2022
https://t.co/yjoqtVpyON pic.twitter.com/6SaV01QWlO
— Gabe Rivera (@gaberivera) September 15, 2022
ETHW airdropped on FTX
— Cobie (@cobie) September 15, 2022
the merge has only convinced me further that the intellectual state of the btc community is truly in shambles. the high-quality people who remain (e.g. bitmex research) are mostly covering ethereum now. I still love Bitcoin very much and hope for a restorative movement.
— Hasu⚡️🤖 (@hasufl) September 15, 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.
— Peter McCormack 🏴☠️ (@PeterMcCormack) September 15, 2022
The consequences will likely be felt some time down the road.
(See below for patronising Udi comment).
Practically nobody outside of a nerdy niche of technical crypto folks actually cares about what consensus mechanisms secure a given network.
— Jameson Lopp (@lopp) September 15, 2022
A decade of history and experimentation has shown as much.
All that matters in the long term is the game theory; the game is afoot!
The only way Bitcoin 'accelerates the world to renewable energy' is by
— DavidHoffman.eth 🦇🔊🏴 (@TrustlessState) September 15, 2022
1. Placing huge demand on renewable energy
2. Then sending its own demand to 0, so the rest of the world can access the newly abundant supply
Kind of like what #Ethereum just did
simply speaking, a bet on Bitcoin today is still a bet on a great asset+network as is. and maybe that's enough for a bright future, maybe not. but it's no longer a bet on human creativity, entrepreneurialism, and problem-solving. and that's what's making me really sad
— Hasu⚡️🤖 (@hasufl) September 15, 2022
I, for one, am excited to read the retconned hot takes of the environmental keyboard warriors who so valiantly defended Earth against crypto server farms on social media powered by server farms before going to play their online game powered by server farms https://t.co/bNioxRFNZT
— Return to Tinsley Island (@AgentTinsley) September 15, 2022
so the eth merge wound up having basically no price impact? that was the one possibility i didn't see folks talking about
— alex (@alex) September 15, 2022
BREAKING: Ethereum has just ended its environmentally harmful PoW mining.
— Digiconomist (@DigiEconomist) September 15, 2022
The network's electric power demand is likely reduced by 99.98%, which comes down to possibly as much as a country like Austria requires. CO2 savings may equal global CO2 reductions by EVs.
When Bitcoin? https://t.co/B98OyoBqbS
9/ Additionally, I think the narrative on PoW will change over time.
— Dan McArdle (@robustus) September 9, 2022
The ESG-based attacks are ludicrous on many levels, and enough people (& politicians) will see that eventually, and the remaining haters will matter even less.
Merge successful. POS activated.
— CZ 🔶 Binance (@cz_binance) September 15, 2022
We are all still here.
THE MERGE pic.twitter.com/7tdfNZiuuv
— beeple (@beeple) September 15, 2022
Old Ethereum consumed ~112 Terawatt Hours of electricity a year — more than an entire typical U.S. state or assorted small countries.
— Steven Dennis (@StevenTDennis) September 15, 2022
New Ethereum estimated at 0.01 Terawatt Hours.
Bitcoin estimated at 200 TWh/year https://t.co/7HDUoyUrqO https://t.co/Zrh4RFelgY
GPU hashpower doesn't simply turn off and die, it moves on to feed from a different demand source. https://t.co/epiDrOqsOi
— Jameson Lopp (@lopp) September 15, 2022
Leadership.
— tobi lutke (@tobi) September 15, 2022
Vitalik moves etherium forward by merit borne legitimacy and nothing else. This is extremely rare. https://t.co/GEJfUfTyea