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What happens if Ethereum is Imaged an launched as a Polkadot parachain?
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What happens if Parity launches Ethereum, imaged at a certain block height, as a Polkadot parachain? They might do this to unlock the ether stuck in the multi-sig from the Polkadot ICO. There is an economic incentive there. Humans respond to economic incentives, in my experience. Then they could launch a bunch of Ethereum instances, in parallel, as parachains, essentially scaling ethereum and switching it to proof of stake and bringing in on-chain governance as a bonus. The staking token in this scenario would the be DOTs, not ETH. In this scenario ether would only have value as a unit of account for smart contracts, no future cash flows from staking value. Nobody ever talks about this, but it’s a real possibility. Any thoughts?

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5 years ago