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cover of episode Dubai: Crypto & Coffee at 8: 30th June 2022 🚨Ethereum Ultra Sound Money?🚨 Gray Glacier upgrade on Block no block 15,050,000

Dubai: Crypto & Coffee at 8: 30th June 2022 🚨Ethereum Ultra Sound Money?🚨 Gray Glacier upgrade on Block no block 15,050,000

2022/6/30
logo of podcast Blockchain DXB

Blockchain DXB

Shownotes Transcript

30th June Will Ethereum be Ultra Sound Money? 🚨Ethereum Gray Glacier on Block height no block 15,050,000.

🗣️Tim Beiko mentioned via Twitter, that the Block height may reach around 3 AM PT on June 30. Tweet here https://bit.ly/3a06jlo Can track it via Etherscan. Details of Gray Glacier Block on Ethereum Foundation blog here https://bit.ly/3Ov43Sb. confirms the difficult bomb would push back to 100 days.

🎙️Bankless podcast has an excellent session with Tim Beiko on the 9th of June where they discuss the updates on “The Merge”, what steps are left, how it works & obstacles to overcome. The interview is also on YouTube here https://bit.ly/3I1ciTg We highly recommend watching the interview with Vitalik Buterin called “Endgame” where they discuss the 5 stages ie The Merge, The Surge, The Verge, The Purge & The Splurge.

Coincu Financial Group INC article states with the Gray Glacier upgrade, Exchanges will temporarily suspend Ethereum and some ERC-20 services, including deposits and withdrawals. Info here https://bit.ly/3yu7Lpj

We at Blockchain DXB also have an event “Ethereum Beginners” Guide via Eventbrite on the 8th of July where we explore this in detail.

❓Few questions as Ethereum gets closer to its next phase ie Ethereum Consensus

  1. Will Ethereum Flip Bitcoin?
  2. Is Ethereum Ultrasound Money?
  3. Is Ethereum a store of value or medium of exchange?
  4. If Meta, Twitter, Google & YouTube had decided to ban #Bitcoin & talks about Bitcoin since 2010 & would have promoted Ethereum instead. Would Ethereum be the dominant cryptocurrency in the world?
  5. Are smart contracts legal?

What we envision is a future like this

  • Bitcoin + NFT’s = Store of value
  • Ethereum + Competitors = Store of value + Medium of exchange
  • Central Bank Digital Currencies + Stable coins = Medium of exchange

👀Sky News has reported A British Virgin Islands court order liquidates multi-billion dollar crypto hedge fund Three Arrows Capital Limited. Article here https://bit.ly/3u8b2rS Mark Kleinman, the journalist reached out to 3AC for a comment about the court’s alleged liquidation order and the company did not respond.

â›”Multibillionaire Michael Saylor, CEO of MicroStrategy acquired additional 480 Bitcoins. Official info here https://bit.ly/3NxKyHb Microstrategy has now spent over $3.98 billion on Bitcoin and owns 129,699 digital coins, according to statements from Michael Saylor.

This is scary as the Accumulation of Bitcoin is among Billionaires, Multimillionaires & Early Adopters. When it comes to money accumulation is among the elite. Was Bitcoin created to rich get richer? Or does it offer an equal playing field? Final question

❓When it comes to Money & Bitcoin, whom do we trust?

  • Politicians
  • Billionaires, Multimillionaires & Early Adopters

UAE news

  • Trust Smart Solutions and payscript join hands to enable crypto payment acceptance on POS in the Middle East
  • Dubai Blockchain Center to support metaverse and Web3 Initiatives in the UAE

For slides click here: https://bit.ly/3bCillc

Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

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