Re:Ethereum will use around 99.95% less energy post merge
by yourabstraction on Tuesday May 18, 2021 @04:31PM
(#27200629)
Yeah, I'm a big ETH holder, but this is honestly what worries me about the POS merge. I think the fact that Bitcoin miners have to sell to fund their operations is a nice feature and keeps them in a separate class from the custodians. Economic incentives that merge validators with custodians could create a feedback loop that concentrates too much power in the wrong places. That being said, ETH has a thriving DeFi ecosystem and a ton of smart people working on it, so I'm not betting against it.
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