Yea I wonder how the entire chain is going to react with the battle between miners and traders. I hope many of the applications on ETH move off it because the fees are ridiculous but would it maintain its speed if their miners leave?
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I doubt the Ethereum miners will leave. It would just make Ethereum switch to PoS even faster and who would use the miners' hard fork with crazy high fees. Also I think the "official" Ethereum chain will always be the one that the founder/creater Vitalik supports.
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True but I think the ETH chain will probably have problems with less miners. If ETH is no longer profitable, then they will move to a different crypto. So either way it will be a rocky start after the new changes. I think eventually someone has to pay for the people verifying the transactions and the costs have to at least give them something.
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It will be interesting to see how that battle works out. I wonder why nobody thought this would be an issue.
The miners are the ones running the chain. It seems they adopted this upgrade without talking to them.
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