change the way mining occurs.

“At its core, ‘the Merge’ is a complete redesign of the way that the Ethereum blockchain is maintained and new Ethereum tokens are created.

“This transition will replace proof-of-work mining,” which involves computers solving complex puzzles nonstop, “with a new solution called proof of stake (PoS).

“This works by having participants (called validators) put up a deposit,” — at minimum, 32 Ethereum tokens — “to promise they are not lying.

“Based on the size of their deposit,” says James, “each validator gets a corresponding vote on the true version of the latest blockchain record. Validators earn a yield on their deposit (or stake) to further incentivize them to participate.”

A couple notable advantages of PoS mining? 

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Your Rundown for Monday, September 12, 2022...

Ethereum’s “Monumental Transition”  

The mainstream is at last coming around to something James has been saying this year…

First, Ethereum’s Merge will streamline the crypto, making it more than 99% more energy efficient. (That in itself should attract more environmentally conscious investors.)

But James has pointed out a secondary byproduct of Ethereum’s merge: “Experts forecast that Ethereum will be destroying more currency than is created,” he notes, “meaning that approximately 1–⁠2% of all Ethereum tokens will be destroyed every year.

“The Merge will actually make Ethereum deflationary,” James says.

Now, a recent Bloomberg article recaps James’ premise: “With [Ethereum’s] supply stable, or even decreasing, that could potentially make every existing coin more valuable…

“At a time when the world is worried about inflation,” Bloomberg says, “the idea of deflation serving as a potential respite in at least one corner of crypto certainly has its appeal.”

Absolutely… And because James is convinced the Merge will be such a massive disruptor, he’s preparing a LIVE broadcast TODAY, Sept. 12, at 1 p.m. EDT. It’s an urgent briefing about what he calls one of the biggest predictions of his career.

To reserve a spot for James’ Crypto Disruption Summit, you can still register here. (The event is completely free, and you’re not obligated to attend. With your registration, you’ll receive updates and a complimentary subscription to Altucher Confidential after James’ live event. You can opt out at any time, and we assure you, your email information will never be shared.)

Market Rundown for Monday, Sept. 12, 2022

S&P 500 futures are up 0.355 to 4,100. 

Oil is up 1.75% to $88.32 for a barrel of WTI.

Gold is up $10.20 per ounce to $1,738. 

And flagship crypto Bitcoin is up 3.6% to $22,380. 

Send your comments and questions to, TheRundownFeedback@StPaulResearch.com