It has been 7 months since the consensus mechanism of Ethereum changed from PoW to PoS, and the ETH PoW hard fork version "ETHW" led by Chinese miner Bao Erye has also caused a lot of noise in the community. However, the ETHW team seems to have done nothing after such a long time, and ETHW has also become a hard fork caused by printing money and dumping goods.
So @EthereumPoW have made ZERO commits to their hacked up Geth-fork since launching last September.
Great work, @ChandlerGuo and friends!
That such a low-effort affinity project has over $300M USD market tells us how little "signal" there is in price. https://t.co/JuCCTgLaAq pic.twitter.com/ruWOqa2XBe
— Bob Summerwill (@BobSummerwill) April 27, 2023
ETHW 's Github code hasn't been updated in 7 months
Bob Summerwill, executive director of the Ethereum Classic (ETC) non-profit organization ETC Cooperative, said on Twitter today that ETHW code for the Geth (Ethereum official client) fork on Github has not been updated in the past 7 months .
"Well done, Mr. Bao and your friends," Bob Summerwill said sarcastically.
Although there is nothing wrong with not updating the code, foreign media The Block pointed out: "The EthereumPoW team may face challenges, or they may not try to strengthen the Geth code."
In addition, Bob Summerwill also pointed out the problems facing the current encryption market, that is, the price of a currency can actually give very little "signal", because just such a low-cost community project like ETHW can have Market cap of over $300 million.
Since the release of ETHW , its price has continued to fall, from a high of $121 to the current $3, and this phenomenon also confirms the statement made by ETC Cooperative in August last year: ETHW is dominated by insiders and only prints money , A hard fork caused by restocking .
