Ethereum and “the merge”: what could go wrong?

Question

It looks like ETHBTC has been exponentially increasing on expectation that &ldquo;the merge&rdquo; will be somehow revolutionary.Given the history of Ethereum, what could go wrong with a movement to proof of stake?

zeroclip · Accepted Answer

The main risks are around liquid staking derivatives and centralization to a specific centralized staking service or pool. See here:
https://notes.ethereum.org/@djrtwo/risks-of-lsd
https://research.paradigm.xyz/staking
Another area that is new and can be biased is RANDAO:
https://eth2book.info/altair/part2/building_blocks/randomnes...
There are probably going to be several issues that will arise during and after merge, and might require engineering solutions.

_the_inflator · Answer

Seriously: is there any use case yet for Blockchain? So far the answer is no. So how could a change of blockchain technology change that?Have a look here: https://twitter.com/web3isgreat

Ethereum and “the merge”: what could go wrong?

It looks like ETHBTC has been exponentially increasing on expectation that “the merge” will be somehow revolutionary.
Given the history of Ethereum, what could go wrong with a movement to proof of stake?

Seriously: is there any use case yet for Blockchain? So far the answer is no. So how could a change of blockchain technology change that?
Have a look here: https://twitter.com/web3isgreat