Re:On the Instability of Bitcoin Without the Block Reward [pdf]
by melolife on Wednesday March 03, 2021 @08:51AM
(#26328256)
ETH cannot be described as a hybrid. The 2.0 chain is currently independent of the existing chain. The plan is to dock the existing chain as a shard of the new one, at which point it immediately becomes 100% proof of stake.
Re:On the Instability of Bitcoin Without the Block Reward [pdf]
by chrisco255 on Wednesday March 03, 2021 @12:07PM
(#26331274)
Calling the halving a significant energy usage decrease is the opposite of what happens after a halving. A halving means miners are paid half as many BTC for discovering new blocks, then prices increase, which means that miners can afford (and typically must to stay competitive) to pay more for mining equipment and electricity to mine blocks profitably.
Bitcoin had a halving, which was very sifnificant energy usage decrease measured in BTC (which caused the significant price increase).