All this controversy arises as a result of a tweet made by Evan Van Ness, a Web3 investor, where he assured that the Ethereum merger could have been done much earlier.

Given this comment, Buterin adds that, in effect, they should have launched the PoS (Proof of Stake) in 2018 based on a chain similar to NXT, despite the problems that the network presented at that time.

Surprisingly, Hoskinson decided to join this conversation:

“Snow White should have been implemented with Elaine's help. It would have saved them a lot of pain and effort”, comments the co-founder of Ethereum.

Snow White is a protocol that provides end-to-end security evidence for a PoS mechanism. This protocol has been defended by Hoskinson for some time, who assures that his technical contributions to improving the platform over the years are far from the current obsolete state of the network after the merger.

The real reason behind the delay of “The Merge”

Certain facts suggest that the Ethereum protocol change has not been carried out years before, since there could be a series of economic incentives and other types of interests behind it.

It is said that the delay in the launch of this merger could be related to the ETHGate theory.

ETHGate is a conspiracy theory that implies that Ethereum got a free pass from regulators. Based on this premise, it is argued that the Securities and Exchange Commission gave its green light so that the platform could move forward, around the same time as when harsh obstacles were imposed on Ripple (XRP) and other competitors.

Based on this theory, one of the assertions defended is that many fraudulent accounts could have been created implying that the network was decentralized when it really was not.

Is all this true or is it mere speculation?

We must not forget that we are talking about a mere speculative theory, although the foundations that support ETHGate provide certain merit.

When it comes to choosing which initial coin offerings to qualify as “unregistered offering”, regulators are often inconsistent.

While some entities like Binance have been able to launch their own centralized tokens, others like Ripple have faced myriad hurdles.

The regulatory pattern is quite inconsistent. However, today it is difficult to prove fraud carried out by the Ethereum Foundation given the wallets are poorly grouped and it is unknown how many could be linked to the same user.

Until now the Buterin Foundation has been exempt from regulatory hurdles.

Will this bubble burst at some point?

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