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T Minus 11 Hours

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T Minus 11 Hours

Not only is one big event happening on September 15th but TWO big events are happening.

LPUD

LPUD or LEO Power Up day happens on the 15th of each month. Of course it's filled with tons of great prices again from the community but it's also got a little special perk this time around...

For those of you who love Hive power up day which happens on the first of each month and you earn a badge you now get a badge if you power up at least 150 LEO on the 15th of this month. Something to show off with pride and something that will most likely at some point be incorporated into your LEO profile page.

I'll also be putting up a 5k LEO delegation for 3 weeks as one of the many prizes to be one in this months Leo power up day.

For full details for the power up day please read this article

The Merge

Of course I'm going to write about the merge. I first got started with Ethereum back when it was about $13 per and bought it in droves for what I could afford at the time. I've made some bad investments along the way and bad choice but that shiz happens. I still care very much for the stack I have left and the merge is one of the biggest events ever for what very well could be the single blockchain that out performs Bitcoin.

Sure bitcoin is solid and a store of value but now you're locking up 50%+ of the liquids Ethereum and expecting the price not to moon shot as everyone scrambles to get their hands on it and run nodes themselves that once mined with thousands of GPUs. That's crazy talk!

The billions of dollars invested in GPUs, Power system, buildings are going to get liquidated and most likely that money is going to dump into Ethereum as these companies find a MUCH lower cost and easier passive income stream then hiring staff to manage warehouses of GPU miners.

What I find funny is the backlash from miners after they knew for over two years now that Ethereum would eventually move to a Proof of Stake system. I don't feel sorry for them at all you've had PLENTY of heads up if not 5 years heads up. Miners keep talking about forking Ethereum and even if they do they forget one very core fundamental issue. If no one uses the forked token (which so far seems like no one will be supporting it in terms of the large dapp platforms) then there's little value the token will have. You want to know how long miners mine when they are operating at a huge loss? It's not very long.

It will still make for a interesting few days to see how the transition takes root. I don't expect to really hear anything big in terms of the move for at least 12 hours after the merge time as things settle and start getting tested.

Do you have worries about the Ethereum merge? If so what are they?

Posted Using LeoFinance Beta