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With the second-largest cryptocurrency using PoS, do you really expect the PoW ones to stay profitable for more than a niche group? I'd expect people who want t
by plonk 4y ago
With the second-largest cryptocurrency using PoS, do you really expect the PoW ones to stay profitable for more than a niche group? I'd expect people who want to actually use it for something else than speculating to move to the superior tech that doesn't contribute to climate change. At this point Bitcoin etc. would become no more than a betting platform.
- yieldcrv 4y agoThere are people that support the concept of Proof of Work that aren't miners, so some other networks could zoom in value. Ethereum Classic is still a $5bn marketcap, for example. More people will be swayed if Ethereum mainnet works after further phases of its scaling plan, without user experience drawback. Ethereum post-merge still has some ambitious theoretical things, like sharding. This should have some drawbacks. People think scaling isnt possible without drawbacks so are fine with lower bandwidth Proof of Work that just meters by transaction fees.