A proof-of-stake Ethereum will mostly
Posted May 26, 2022, 11:08 PM UTC
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it’s gonna be locked up forever. Those people are never getting their money back…forced hodl
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Ethereum reminds me of Magic Leap the AR company that got 2B in vc funding and never happened. They always had announcements for future release dates. This is classic scam… “we will release the magic on date x … it’s always some time in the future… it is never going to happen.
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How would we be able to tell that Ethereum had collapsed?
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People effectively stop buying Ethereum and prices approach zero.
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I would say collapsed in a similar way to LUNA, Tether, Terra, Cheddar, and other buttcoins.
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Here's another way to say that a buttcoin has collapsed https://twitter.com/CertiKAlert
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I'd set up a remindeme but I wouldn't know how long to make it for..
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How can you shit on proof-of-work for being wasteful then also shit on a project if it switches to a better alternative?
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Because it won't switch.
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Next quarter.
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Now and forever.
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Because the "project" is bad for a lot of reasons, not just the waste.
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This. It can be proof of whatever and Ethereum is still a scam.
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"How can you shit on Cholera for being a terrible way to go, but also shit on a project to get Cholera free water from the E. Coli infected river?"
Just because PoW is shit, doesn't mean PoS isn't also shit.
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This is still just giving people piss to drink and calling it Gatorade instead of lemonade.
And there is no way it happens. Too many miners have spent too much money building rigs to mine the lemonade.
Buterin would never be able to safely go out in public again.
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- get delayed
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Never happen
This is the real answer. People have spent millions building entire datacenters to mine Ethereum. I can't imagine a concession to the miners that would allow them to abandon their entire business model.
Miners don't have a veto, nobody needs to give them concessions.
I can see it happening if ETH is actually collapsing and then they Hail Mary with a fork.