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>Where it gets interesting is... what if crypto becomes anathema? What if accepting crypto or holding crypto starts become so closely associated with directly c
by meowface 5y ago
>Where it gets interesting is... what if crypto becomes anathema? What if accepting crypto or holding crypto starts become so closely associated with directly causing climate change, that no company is going to want to be openly associated with crypto, NFTs, etc due to the negative association?
I think this is going to increasingly become true, and I think it may lead to an interesting and divisive future. I suspect that if Ethereum actually does fully transition to Proof of Stake and the network doesn't suffer any serious issues for a year or two afterwards, its price may surpass Bitcoin's in a few years, and decisions to use/trade/hold Bitcoin vs. Ethereum will become exponentially more ethically, politically, culturally, and tribally charged than they are now.
If that turns out to be the case, I also predict Bitcoin will one day move to a different consensus system that consumes less energy - but it may take a decade, several hard forks, and the (metaphorically) bloodiest internet flamewars and in-fights ever seen before it actually happens.
- Geee 5y agoIsn't it interesting that people who own Ethereum/crypto, are suddenly very ethical and concerned about Bitcoin's energy use? Everything else can consume energy ethically in this world, but using energy to run a decentralized monetary system? No, that must be very bad. Actually, people wouldn't choose something that doesn't work, just to signal their irrational ethics. Ethereum is not designed to be money, and it has huge array of problems in addition to using weak PoS consensus in the future. It is not properly decentralized, and therefore it can't deliver the promise of money that is equal for all people in the world. In my opinion, it's highly unethical to push Ethereum or other corruptible systems using this environmental narrative. Most people in Bitcoin, especially big investors, know the difference between these systems, and wouldn't use a PoS currency for any price. Mark my words, when Ethereum switches to PoS, its price will crash.
- notch656a 5y agoThe energy usage is mere propaganda spouted from individuals with A/C and heat cranked to 68-72 room temperature, way way inside the survival temperature band of their climate. They don't give a fuck about wasting some energy. Or they give a fuck and they do it anyway, prioritizing their own comforts while considering yours immoral.
- meowface 5y agoCase in point. I think comments like this are going to dominate online discussions much more than they already do over the next few years.
- Geee 5y agoProbably yes, but truth will win.