Sorry to say, but the moral pleading of saving the world just doesn’t matter to the average human. Human psychology just is not selfless on a macro scale. You have to incentivize properly. #bitcoin provides those incentives. First they will fight it, later they will thank it.— Ryan Tang (@Ryz0n) March 21, 2021
My favorite thing about cryptocurrency is theres literally hundreds of altcoins that don't use massive amounts of electricity to run but everyone insists on using the two that use as much energy as a small country because all the early adopters who made millions "mining" want to keep making more money with their millions of dollars of GPUs. The #2 cryptocurrency, Ethereum, recently announced more concrete plans to transition to a less wasteful system of maintaining network consensus and now all the miners are trying to coordinate a 51% attack to take over the network and prevent that from happening. Crypto nerds are literally fighting with everything they have to keep cryptocurrency as shitty as humanly possible.
Mostly twitter and reddit threads, but this article has a few links I guess the current plan actually started earlier in response to an even more modest change to the network to lower transaction fees lol
My favorite thing about cryptocurrency is theres literally hundreds of altcoins that don't use massive amounts of electricity to run but everyone insists on using the two that use as much energy as a small country because all the early adopters who made millions "mining" want to keep making more money with their millions of dollars of GPUs. The #2 cryptocurrency, Ethereum, recently announced more concrete plans to transition to a less wasteful system of maintaining network consensus and now all the miners are trying to coordinate a 51% attack to take over the network and prevent that from happening. Crypto nerds are literally fighting with everything they have to keep cryptocurrency as shitty as humanly possible.
wait, you're fucking kidding?! do you have anything you can share about the 51% attack? that rules so hard lmao
Mostly twitter and reddit threads, but this article has a few links I guess the current plan actually started earlier in response to an even more modest change to the network to lower transaction fees lol
lmao, if people are doing this when actual hardware is involved, how do people expect proof of stake to actually survive?
The ethereum developers probably expect them to fail at this, which, to be honest, is pretty reasonable given previous ethereum and bitcoin hardforks