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Miners will find another PoW ecosystem to deploy their mining hardware in, correct. Ethereum is not really a shitcoin though, unless you consider all cryptocur

Miners will find another PoW ecosystem to deploy their mining hardware in, correct. Ethereum is not really a shitcoin though, unless you consider all cryptocurrencies shitcoins. Many tokens are implemented as ERC-20s (including most relevant stablecoins), other chains target EVM compatibility to drive developer adoption, majority of the NFT boom has been in ERC-721 NFTs on Ethereum, and traditional companies are now building L2s on top of Ethereum tech (PwC, Reddit). Ethereum blockchain is pretty fundamental to much of what is happening in crypto aside from pure NumberGoUpism. Miners can hard fork ETH if they want to, but I doubt they will. All those dollars held in stablecoins will determine which chain has validity, and I doubt USDC/DAI/RAI/GUSD would go along with a miner cashgrab fork again Vitalik...

ohgodplsno 5y ago
>Ethereum is not really a shitcoin though, unless you consider all cryptocurrencies shitcoins dingdingdingding! There is nothing useful done with Eth today, aside from quick money grabs.
- reidjs 5y ago
  There's a lot of people using it for online gaming (gambling) I think
  - ohgodplsno 5y ago
    Fueling addictions and bypassing regulations in hundreds of countries isn't exactly a shining example of the technology.
    - kevinmgranger 5y ago
      I'm no fan of it either, but plenty of folks would view bypassing financial regulations as a shining example. That was part of the point, was to sidestep government oversight.
      - danaris 5y ago
        Another way of saying that is "to enable criminal activity."
        kevinmgranger 5y ago
        Sure. But legality is separate from morality.
    - sershe 5y ago
      It's important to separate moral judgement from technical judgement. Even if I agreed with you on morality (which I don't on either count), addiction industries, including the legal ones like tobacco and games, have always been large and profitable, and avoiding various regulation has also been a big "meta-industry" for a long time.

ohgodplsno 5y ago

>Ethereum is not really a shitcoin though, unless you consider all cryptocurrencies shitcoins dingdingdingding! There is nothing useful done with Eth today, aside from quick money grabs.

reidjs 5y ago
There's a lot of people using it for online gaming (gambling) I think
- ohgodplsno 5y ago
  Fueling addictions and bypassing regulations in hundreds of countries isn't exactly a shining example of the technology.
  - kevinmgranger 5y ago
    I'm no fan of it either, but plenty of folks would view bypassing financial regulations as a shining example. That was part of the point, was to sidestep government oversight.
    - danaris 5y ago
      Another way of saying that is "to enable criminal activity."
      - kevinmgranger 5y ago
        Sure. But legality is separate from morality.
  - sershe 5y ago
    It's important to separate moral judgement from technical judgement. Even if I agreed with you on morality (which I don't on either count), addiction industries, including the legal ones like tobacco and games, have always been large and profitable, and avoiding various regulation has also been a big "meta-industry" for a long time.