Altcoins News
By James Thorp
1 / 12
Someone rightly said, Ethereum can replace Bitcoin but Bitcoin can't replace Ethereum. It just looks like Adoption is happening and people are interested.
2 / 12
There are lot of criticisms like: Ethereums proof of stake will cut energy consumption by 99%. It doesn't matter where the energy comes from. It's a big waste.
3 / 12
Ethereum is pre-mined, Ethereum is changing the rules constantly. Therefore how can I trust it won't change the rules again? It will.
4 / 12
If ETH changes in the wrong direction. It will be forked.
5 / 12
ETH solves no issue, serves no purpose which isn’t already facilitated by something better. ETH and DOGE are for the Serfs, they don’t get sound money.
6 / 12
Well, not all critics are well informed about what they are talking about. However, this is a mix of opinions.
7 / 12
Meanwhile a tweet read: To all Ethereum miners: plan conservatively for an end to mining EOY 2021.
8 / 12
This just means ETH are positive about the merge. However, one of the developers stated, “What I have said many times is that if I was a miner, I would plan to break even…
9 / 12
One of the Follow up read: EIP 1559 (live ~July 14) should also be heavily considered when calculating ROI projections. Expect significant income reductions.
10 / 12
For those who do not understand: it's a potential timeline for removing Proof of Work from Ethereum and replacing it with Proof of Stake.
11 / 12
One user stated, I already switched. Vitalik burnt a bridge with myself that can’t be repaired with current mining profitability. My hashrate is with RVN.
12 / 12
Those who are new should read some material to understand the technical stuff. As always puritan investors are like should we invest in ETH at this time or wait for some…
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