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This is a pretty decent overview of the merge and how it stands to benefit the world by removing a significant amount of energy consumption per year. But the c
by zeroclip 4y ago
This is a pretty decent overview of the merge and how it stands to benefit the world by removing a significant amount of energy consumption per year.
But the comments in that NYT article are almost comically against crypto, probably even moreso than HN crowd.
Even if Ethereum proves useful technologically, it will be a many years uphill grind to convince laypersons how it works and how it can be used beyond the fraud and schemes they read about in the news.
- Finnucane 4y ago>Even if Well, exactly. It’s not ‘comical’ to be skeptical of technology that hasn’t shown any real benefit.
- zeroclip 4y agoIt’s shown very clear technological benefit to engineering problems around DLT and BFT public ledgers. We do not see the same level of vitriol around Paxos or Raft despite them being arguably even worse and more centralized DLTs. I think these vitriolic reactions are due to the market cap of crypto, not the technology. There is an expectation that, at this valuation, it should deliver more than what the average person is seeing in mainstream usage. And that’s fair - a lot of the value is driven by speculation.