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True, but the rest of us can switch blockchains.
by DennisP 6y ago
True, but the rest of us can switch blockchains.
- Nursie 6y agoGood luck with that too.
- deeeeplearning 6y agoEther is the number 2 coin and has been steadily gaining on Btc. Do you think everyone uses Btc exclusively?
- Nursie 6y agoNo, but I don't think ether uses PoS either (though I know they've been trying to move to it for years). Further, whether or not some folks move to ethereum is more or less irrelevant to whether BTC carries on doing what it's doing. The problem is not individuals making the switch, it's getting enough people to switch in order to reduce the energy footprint of BTC.
- DennisP 6y agoThey've been trying for years but now it's been running smoothly in production for several months. They plan a few minor tweaks, then after watching it some more they'll migrate the legacy chain to it. That's a fairly simple software engineering task, rather than the difficult research challenge that PoS has been until recently. The other big change on the way is a massive increase in scalability, which I'm hoping will help move the market in a more sustainable direction.
- bcheung 6y agoIt's already being done. There is a ton of financial transactions in the DeFi space happening on Ethereum right now and other protocols on other chains are rapidly being developed and rolled out.
- Nursie 6y agoI'm not saying ether is a ghost town, I'm saying good luck making bitcoin an irrelevance to the point its energy use drops.