Why Kevin Zhou Believes Ethereum Will Have 3 Forks After the Merge – Ep. 381

By August 4, 2022Ethereum
Click here to view original web page at unchainedpodcast.com

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

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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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