Riddle me this, PoW fork proponents…

EthereumEthereum
$1,990.15
4.69%
self.ethereum7d ago
Centralized stablecoins like USDT and USDC will only be supporting one chain (the PoS chain). When the ETH PoW chain is forked, how do you undo the massive clusterfuck of USDT and USDC not being backed by real dollars? Just the fact that those 2 stablecoins alone won’t be supported is enough to wreak havoc on the defi protocols based off the fake (PoW) chain. As for DAI…clearly ETHW will plummet in price, well below what ETH is priced at today. Watching the liquidations on that should be a lot of fun. ETHW literally cannot have a functioning defi ecosystem.