3 ms·
> You're being obtuse if you think the status quo will be tolerated indefinitely. Strawman much? Did I mention that it will be tolerated indefinitely? In fact,
by rvz 3y ago
> You're being obtuse if you think the status quo will be tolerated indefinitely.
Strawman much? Did I mention that it will be tolerated indefinitely? In fact, I agree that regulations are coming for crypto since it cannot be completely and totally 100% stopped, like it or not. Both will co-exist.
> I was referring to China's crackdown on Bitcoin.
You didn't mention Bitcoin anywhere in your comment and suggested that a general crackdown on all cryptocurrencies will happen based on their energy usage.
Even so in regards to the Bitcoin, what 'crackdown' exactly? [0] [1] [2]
> Proof-of-stake is no longer fully decentralized, and so vulnerable so sufficiently powerful actors.
Theoretically, but is that why we are still waiting for such powerful actors to fully take over the Ethereum network over its infinitesimal energy usage?
[0] https://archive.ph/700H0 https://archive.ph/700H0
[1] https://www.jbs.cam.ac.uk/2022/bitcoin-mining-new-data-reveal-a-surprising-resurgence/ https://www.jbs.cam.ac.uk/2022/bitcoin-mining-new-data-revea...
[2] https://www.cnbc.com/2021/12/18/chinas-underground-bitcoin-miners-.html?utm_term=Autofeed https://www.cnbc.com/2021/12/18/chinas-underground-bitcoin-m...