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Why POS makes ethereum’s value proposition ZERO
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As someone who doesn’t believe in ethereum and only mines it to generate more btc. Is there a theoretical way to stop the merge, hard fork like the old btc days etc? For anyone getting pissy. I would like to point out that changing eth to POS is essentially putting control of the entire network into the hands of those with the most money. Which is EXACTLY what the traditional banking system does, and if eth isn’t a better form of money then why does it need a blockchain. The only point of a blockchain is decentralization, and if eth isn’t decentralized ie miners aren’t validating things independently and a handful of rich people decide what is and what isn’t a valid transaction. Then eth solves no problem as it does the same things a google database could do but SLOWER, which makes its valuation as a currency inherently ZERO.

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2 years ago