3 ms·
the existence of ethereum as proof-of-stake makes it impossible to stop proof-of-work coins via exchange regulation/etc. It's trivial to run exchanges on ether
by paulmd 4y ago
the existence of ethereum as proof-of-stake makes it impossible to stop proof-of-work coins via exchange regulation/etc. It's trivial to run exchanges on ethereum and therefore they largely exist outside any possibility of regulation. Previously you could sorta leverage this in via the exchanges/etc but now there is no possibility of ever banning the environmentally-harmful PoW coins.
- exo762 4y agoYour post makes many assumptions. One - existence of trustless bridges from PoW chain to Ethereum (trustful bridges are rather easy to kill). Second, regulation can be achieved in a way OFAC does it - "anyone who holds/buys this token is a felon". This drives money away from the chain, reducing its PoW budget. And I really suspect that Ethereum will win the race anyway. At least until something really juicy appears (like private contracts, chain-managed secrets, etc).