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Now they're going to pay for the damage done to the environment for the last six years that they've profited off of, right? No? Oh okay so it doesn't matter. I
by agentultra 4y ago
Now they're going to pay for the damage done to the environment for the last six years that they've profited off of, right? No? Oh okay so it doesn't matter. I guess the miners have stopped operations, sold off their businesses, and moved on then.
Trouble is that governments and regulators are cracking down. I don't think it will be long before the SEC finally makes moves that will blanket label cryptocurrencies as securities. And we will see more arrests and trials. Once NFTs and web3 and everything else is wiped off the market I doubt there will be much left here.
It's always been a solution in search of a problem.
Update To clarify, what I'm saying is that the environmental angle here of using less energy isn't a concern for the Ethereum project. If the merge didn't work and they had to delay again they wouldn't have hesitated to delay again and continue burning energy on PoW at all. And they're not going to pay reparations for the damage they have already done because that's not what this is about, is it?