šļøThe ETH Merge Explained | Pod 173
Whatās up everybody, itās LG Doucet here.
Listen. I am a stupid person.
And I donāt mean that in a humble way. I mean that in a literal way. Iām the kind of person who will read the manual, watch 20 youtube videos, ask a few expert friends, and STILL not be able to change the oil in my car.
Iām just not that guy.
But thereās a silver lining to this lack of intelligence; Iām aware of it, and it keeps me eternally curious in my interests and hobbies.
Enter crypto.
I still donāt really understand how it works. I couldnāt tell you the inner workings of minting an NFT. Heck, I still donāt really get why collections like Nouns are so special.
But I want to know. And a podcast where I get to line up fantastic guests is the perfect gateway for me to both learn and also make it appear that Iām smart.
And with one of the" ābiggestā events in crypto history just 30 days away, I needed one of these pro guests to come on and explain it to meā¦
šTodayās Pod: The ETH Merge Explained | 0xQuit
Yep, that guy.
Quit is one of my favorite recent Twitter follows, and imo is one of the most diverse accounts you could follow. Heās timely. Heās smart. Heās well spoken, and heās very enthusiastic about crypto security, while also being a dev behind the scenes. Even when he says shit I really donāt understand, I nod my head and trust him.
But more importantly, he delivered one of the best opening stories in TFM history, where he reveals how he used to sell Bitcoin to strangers on the internet by meeting up with them in person at Starbucks and at Banks.
like what?
Youāll hear in this one how Iām totally blown away by this reveal. It doesnāt get more OG than this guy!
THE MERGE
On todayās pod, Quit walks us through what exactly The Merge is, and what it will mean for āminersā who currently power the Ethereum blockchain.
I ask him to put it into simpleton terms, so we can easily understand its complexity and potential ramafications.
I also ask him about the fork to Proof-of-Work, which is where many Ethereum miners will attempt to refuse the new merged Ethereum chain and create their own bizarro world of ETH.
Basically, some people donāt want the old ways to die, and will go as far as to basically copy+paste the current ETH chain and only use that one.
The pod.
Itās a good one, and a bit shorter than weāre used to. Also if I sound totally bagged, its because we recorded this at 7 AM on a Sunday morning. Quit is a busy man!
Featured in this one:
Quit passed on Bitcoin at $0.25 (03:30)
His Coinbase account was suspended at first (05:00)
He used to sell Bitcoin to people he would meet at Starbucks (06:30)
In fact, heād even meet at banks! (08:00)
Heās been scammed before; his worst one was losing 3.5 Bitcoin! (10:30)
His Venmo account is banned for life due to the scam (12:15)
THE ETHEREUM MERGE, EXPLAINED (14:20)
The Merge is mainly about energy consumption (17:15)
How will The Merge change our NFT experience (20:00)
The Merge price action (21:20)
The potential FORKING of Ethereum (23:00)
All NFTs will be doubled onto this bizarro chain (24:00)
What is ETH Classic (26:00)
His NFT project: Block of Horror (28:30)
His new NFT sniping platform (30:30)
Random Story : the time we crashed the Top Shot discord (32:30)
Would you rather (33:30)
š¢ ICYMI: The Fate of $ FLOW
Well well, if it isnāt a completely separate, but also very-contentious and highly-anticipated event right in our own backyard.
Last week, I covered the topic of the FLOW blockchain, largely to understand how much supply was out there (hint: its actually 74% circulating), but also to try and predict HOW MUCH FLOW WE ARE ALL GETTING IN THE FABLED AIRDROP.
Want the TLDR? Well lucky for you thereās even a thread about it:
And of course, there is the full episode:
What the community had to say:
And there were still many questions about it!
We even had to make a poll about the type of truck that will be used:
The First Mint is proud to be partnered with Flowty, a peer-to-peer NFT loan and rental platform on the Flow Blockchain founded by Michael Levy (fondly known as MBL throughout the Top Shot community):
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Want to learn more? Join the Flowty Discord and follow along on Twitter at @flowty_io.
āØHappening at The First Mint
Each week we publish a podcast about NFTs and the bigger questions of web3. Check out some of our recent faves!
šļøThe Fate of FLOW
šļøValue In The Bear Market | Tascha Labs
šļøWhat Makes an NFT Bull Run | Mack Flavelle
šļøCrypto Portfolio 101 | Scott Melker
šļøThe Future of Crypto Media | Tally Labs
šļø Will Sports NFTs Survive?
**This is not financial advice. Nothing in this newsletter, podcast, or publication should be considered financial or trading advice of any kind. Please do your own thorough research and make your own trading decisions. This is not advice.ā
About The First Mint
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