2 ms·

All of these miners are the reason why, if you bought a graphics card 2 years ago, you can sell it for a profit today. So of course, they don't want a system th

All of these miners are the reason why, if you bought a graphics card 2 years ago, you can sell it for a profit today. So of course, they don't want a system that invalidates their investments in GPUs. The beauty of this system though is that they don't really get a choice. If Vitalik forks ETH into a PoS system, and enough people get behind it - it doesn't matter what the miners say.

jillesvangurp 6y ago
The nature of a fork is that the old system doesn't really go away. It's just that most of the economic activity that made it valuable (presumably) is going to move to the new system; so staying behind is kind of pointless. Of course the assumption here is that its current value had anything to do with economic activity (other than people gambling on the price of eth and other tokens). That's about to be validated in the real world. I've been more than a bit underwhelmed by ethereum, which if you separate out the speculative transactions actually doesn't have a whole lot going on in terms of people actually using it for real things. There's a little bit of that but mostly it's just people trying to get rich quickly. Lots of smart contracts idling and generally not doing what they were designed to do, games not really getting played, etc.