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RE: Will Ethereum's Journey To Merge Lead To A Split?

in LeoFinance2 years ago

I think the timing for merge is perfect. With energy problems around the world is the only way to lead and innovate. And of course to not be blocked by governments bc your dirty energy consumption. Do you agree on that aspect?

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The reality is kinda the opposite than you described in your comment. After the merge ETH will be much MUCH easier to censor, control or even shut down. Because vast majority of stacking is done through Kraken, Coinbase, Binance and other centralized entities. OFAC had to just snap it's fingers and Tornado Cash and all accounts associated to it got rekt. What do you think would happen when 70% of validating is done through above mentioned entities located in USA?..
There are no energy problems in the world. There are political problems tho. If only just Europe and USA invested same amounts in nuclear and not wind/solar...
And crypto mining (especially BTC) is actually leading the way in a lot of innovation in energy production and actually makes it viable for a lot of clean energy production.

After making this post I saw this article that suggests there might be risks or threats from regulators for Ethereum on PoS.

coinbaseeth.jpg

https://decrypt.co/107700/coinbase-ceo-wed-shut-down-ethereum-staking-if-threatened-by-regulators

When it comes to PoW, I don't think governments would ban because of energy consumption. However, they try to make it more difficult for miners sometimes. I actually see opportunities for government and private sector collaboration and cooperation to create infrastructure that can be paid by mining profits, but also be useful for communities, cities, and countries as such new infrastructure may provide electricity at lower costs.

Overall, I believe mining is more efficient way of creating value than any other ways energy is consumed.

Posted Using LeoFinance Beta

It would be interesting to know how big is Coinbase with eth staking. I would say majority and whales are staking at decentralised Aave etc. But I may be wrong.

The eth maxis are saying that the merge would be greener and then the eth would become deflationary as there would be each year less eth, not more. I think around 2% less supply each year. So this is good news for holders and stakers.

And @geekgirl thanks for your generous tip!