Why Kevin Zhou Believes Ethereum Will Have 3 Forks After the Merge - Ep. 381
Episode description
Kevin Zhou, co-founder of Galois Capital, comes to talk about the possibility of a Proof of Work chain on Ethereum after the Merge, the LUNA death spiral, how he plans to play the Merge, and much more...
Show highlights:
- how Kevin got started in crypto
- what Galois Capital is and what its investment thesis is
- why Kevin was more vocal than most about the possibility of the LUNA death spiral
- whether Kevin made money out of the Terra collapse and what was his strategy
- what the difficulty bomb in Ethereum is
- the potential scenarios that could arise after the Merge
- whether the public is not considering the risks of the Merge
- how the fact that everybody was telling the same narrative about ETH made Kevin suspicious
- how Chandler’s statement about forking Ethereum made it a lot more likely that it would happen
- the groups behind the encouragement of a proof-of-work Ethereum chain
- whether there is a value proposition for a Proof of Work chain
- how Kevin used The Cryptopians to remember how the DAO fork went
- what replay protection is and why it is important when forking a chain
- why anyone would want to keep the difficulty bomb in a potential proof of work chain
- Kevin’s predictions about the market cap of the potential Ethereum forks
- how a proof of work chain of Ethereum would function without the biggest stablecoins like USDT and USDC
- whether Tether is going to support Ethereum 2
- why Kevin writes using metaphors related to history and gaming and how those analogies relate to Ethereum
- how Kevin wanted to “stick it” to the Ethereum Foundation by offering his services
- whether Vitalik trolled Kevin on Twitter
- whether Kevin will apply the same strategy he used with ETC after the DAO fork
Thank you to our sponsors!
1inch: https://1inch.io/
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021
Kevin
Twitter: https://twitter.com/Galois_Capital
ETH2
What is the Merge?: https://ethereum.org/en/upgrades/merge/
Proof of Work Chain
Kevin’s analogy: https://twitter.com/Galois_Capital/status/1554053321165512705?s=20
Haseeb’s answer to Kevin’s arguments: https://twitter.com/hosseeb/status/1554163977806000128?s=20
Chandler Guo’s proposal: https://decrypt.co/106409/prominent-chinese-ethereum-miner-wants-to-resist-merge-create-fork
Kevin’s consulting offer: https://twitter.com/Galois_Capital/status/1553090706708856832?s=20
BitMEX researchers on the possibility of an Ethereum PoW chain: https://blog.bitmex.com/ethpow-vs-eth2/
CoinDesk article: https://www.coindesk.com/layer2/2022/08/03/who-will-mine-ethereum-after-its-gone/
Poloniex’s announcement: https://twitter.com/poloniex/status/1555085757450272768?s=21&t=jkjNGieNXdY5SgT2e9xhoQ
Justin Sun’s support of ETHW: https://twitter.com/justinsuntron/status/1555112296006922240?s=21&t=jkjNGieNXdY5SgT2e9xhoQ
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