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> "Blockchain" != cryptocurrency Public blockchain basically means cryptocurrency-like things. It's all about transfers of value: whether it's coins, domain na
by floatboth 5y ago
> "Blockchain" != cryptocurrency
Public blockchain basically means cryptocurrency-like things. It's all about transfers of value: whether it's coins, domain names or stupid cryptokitties — it's all about tradeable things, so it's all the same shit.
> Ethereum is quite public about their ultimate desire to move to PoS
Promises and desires do not matter. It could end up with them endlessly finding security issues with PoS and postponing the switch. And… surprise, the miners probably won't just stop mining! They'll switch to Ethereum Classic or fork again!
Most importantly, the shitcoin economy must be viewed as a whole. You cannot just view one coin in isolation and say "it's green because non-PoW". The value of that coin is all tied up in exchange with other coins!