Ethereum will use around 99.95% less energy post merge

Re:Ethereum will use around 99.95% less energy post merge by notJim on Tuesday May 18, 2021 @02:58PM (#27199385)

I can't find it right now, but I saw this infographic the other day showing how the ideology/goals of cryptocurrency have shifted over time. Something along going from a literal currency to replace the dollar to going toward its present definition as some mix of speculative asset and inflation hedge.

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Re:Ethereum will use around 99.95% less energy post merge by skohan on Tuesday May 18, 2021 @03:10PM (#27199524)

the funny thing is that cryptocurrency was fairly useful as a currency in 2014. There were a number of bitcoin ATMs in my city, and a number of businesses where you could spend it. It seems to me that the whole block-size debate proved the failure of the system, since the interests of a few ultimately triumphed over the best interests of the system as a whole.

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Re:Ethereum will use around 99.95% less energy post merge by webXL on Tuesday May 18, 2021 @03:33PM (#27199867)

> since the interests of a few ultimately triumphed over the best interests of the system as a whole

Is it in the best interests of "the system" (interesting choice of words... instead of "the many") to require enterprise infrastructure in order to run a node?

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Re:Ethereum will use around 99.95% less energy post merge by skohan on Tuesday May 18, 2021 @04:13PM (#27200388)

Bitcoin used to be a currency, now it's nothing more than a speculative asset. Are "the many" being served by that?

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Re:Ethereum will use around 99.95% less energy post merge by atweiden on Tuesday May 18, 2021 @06:01PM (#27201851)

Are “the many” being served by USD inflation rn?

And can you name a cryptocurrency which is anything other than a speculative store of value, and not something whose market cap is based on drum beating over social media?

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Re:Ethereum will use around 99.95% less energy post merge by skohan on Tuesday May 18, 2021 @06:05PM (#27201902)

> Are “the many” being served by USD inflation rn?

That's a nice false equivalency, but I can go to the store and buy bread with USD. Where can I do that with cryptocurrency?

> And can you name a cryptocurrency which is anything other than a speculative store of value, and not something whose market cap is based on drum beating over social media?

Yes! Bitcoin circa 2014

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Re:Ethereum will use around 99.95% less energy post merge by imtringued on Tuesday May 18, 2021 @04:58PM (#27201008)

If those are the sacrifices you have to make then it failed completely.

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