Ethereum Plans to Cut Its Energy Consumption by 99 Percent

Re:Ethereum Plans to Cut Its Energy Consumption by 99 Percent by darawk on Thursday January 03, 2019 @12:54PM (#18817239)

Yes, but in the case of the US government at least, there are structural reasons why the two party system is a stable equilibrium. Those structural reasons do not exist for cryptocurrencies. The most important of which is that there can be only one president of the US government, only so many senators, judges, etc... There can be infinitely many concurrently competing forks of Ethereum.

You and I can go fork Ethereum right now and now just tell people it's great, but show them it's great. It's like if we could fork the US government, refactor all the policies and let it run to demonstrate how good it is, and then people can come on board. You can't do that in politics, but you can absolutely do it in crypto.

[ Parent | on HN ]

Re:Ethereum Plans to Cut Its Energy Consumption by 99 Percent by jacobush on Sunday January 06, 2019 @01:08PM (#18839613)

Half the point of a cryptocurrency is the network effect - so I don't see how your argument holds, at all.

It is not clear at all that a small political experiment will scale to a super power. It is equally unclear that a small crypto currency experiment will scale.

This is without even touching on how easy, or difficult to it is rally support for a new system. Quite difficult, I'd say.

[ Parent | on HN ]

Re:Ethereum Plans to Cut Its Energy Consumption by 99 Percent by darawk on Tuesday January 08, 2019 @12:07PM (#18857171)

> Half the point of a cryptocurrency is the network effect - so I don't see how your argument holds, at all.

It holds because you can demonstrate its utility on a small network.

[ Parent | on HN ]