Re:Ethereum will use around 99.95% less energy post merge
by throw1234651234 on Tuesday May 18, 2021 @01:13PM
(#27197814)
I can elaborate on any point if interested, but this is covered in the parent.
1. They would drive the price up way past market price in an attempt to make such a large purchase. The cost of a large, rapid purchase is far, far from market price. Only a fraction of the market is willing to sell at current price.
2. If a country wanted to run on Ethereum, they could clone it, since they are giving up the benefits of a GLOBAL system when they take it over.
Lmk if you have any questions. Pretty interesting topic given the insane ETH valuation atm, in contrast to, say, Algorand. Network and first move effects, I guess.
1. They would drive the price up way past market price in an attempt to make such a large purchase. The cost of a large, rapid purchase is far, far from market price. Only a fraction of the market is willing to sell at current price.
2. If a country wanted to run on Ethereum, they could clone it, since they are giving up the benefits of a GLOBAL system when they take it over.
Lmk if you have any questions. Pretty interesting topic given the insane ETH valuation atm, in contrast to, say, Algorand. Network and first move effects, I guess.