Since BHC, bothered calling up an old post.
Updated to today.
In the real world. The top 12 coins on coinmarketcap.
#1 on CMK: Bitcoin is the only PoW coin
#2 on CMK: Ethereum is switching to PoS.
#3, #4, #5: Are Tokens
#6 on CMK :Cardano is already PoS.
#7 on CMK: Ripple is neither.
#8 on CMK: BUSD is a token
#9 on CMK: Solana is a version of PoS
#10 on CMK: Dogecoin is switching to PoS
#11 on CMK: Polkadot is a version of PoS
#12 on CMK: WBTC is a token.
Only Bitcoin is still PoW, and only Bitcoin will be affected by any bans because of energy waste.
https://fortune.com/2022/01/05/crypto-blackouts-bitcoin-mining-bans-kosovo-iran-kazakhstan-iceland/
https://www.bloomberg.com/news/articles/2022-03-15/crypto-mania-in-texas-risks-new-costs-and-strains-on-shaky-grid
Notice that there are no new PoW coins, once bitcoin ends or evolves their will be no PoW coins worth mentioning.
* The next well Know PoW coin Litecoin, will most likely collapse once Doge switch to PoS.*
The Tera Luna collapse is a good example , any crypto can crash to zero, look at all of the non-existent PoW coins that are no longer mentioned.
Thinking Bitcoin can't follow suit is a religious faith not a logical analysis.
But think what you like, just as some other think what they like, and time will prove whom is right.
https://coinpedia.org/opinion/geopolitical-strategist-and-author-peter-zeihanpeter-zeihan-thinks-bitcoin-is-dumpster-fire/
Updated to today.
In the real world. The top 12 coins on coinmarketcap.
#1 on CMK: Bitcoin is the only PoW coin
#2 on CMK: Ethereum is switching to PoS.
#3, #4, #5: Are Tokens
#6 on CMK :Cardano is already PoS.
#7 on CMK: Ripple is neither.
#8 on CMK: BUSD is a token
#9 on CMK: Solana is a version of PoS
#10 on CMK: Dogecoin is switching to PoS
#11 on CMK: Polkadot is a version of PoS
#12 on CMK: WBTC is a token.
Only Bitcoin is still PoW, and only Bitcoin will be affected by any bans because of energy waste.
https://fortune.com/2022/01/05/crypto-blackouts-bitcoin-mining-bans-kosovo-iran-kazakhstan-iceland/
https://www.bloomberg.com/news/articles/2022-03-15/crypto-mania-in-texas-risks-new-costs-and-strains-on-shaky-grid
Notice that there are no new PoW coins, once bitcoin ends or evolves their will be no PoW coins worth mentioning.
* The next well Know PoW coin Litecoin, will most likely collapse once Doge switch to PoS.*
The Tera Luna collapse is a good example , any crypto can crash to zero, look at all of the non-existent PoW coins that are no longer mentioned.
Thinking Bitcoin can't follow suit is a religious faith not a logical analysis.
But think what you like, just as some other think what they like, and time will prove whom is right.
https://coinpedia.org/opinion/geopolitical-strategist-and-author-peter-zeihanpeter-zeihan-thinks-bitcoin-is-dumpster-fire/
Quote
Bitcoin is a Dumpster fire
Bitcoin is emerging in this environment where money is free; it will not be here in a couple of years; it is not a store of value; it is not a method of exchange; it is not readily shiftable into the real economy. We’ve discovered with the Russian sanctions that it is completely reliant on the normal financial system for access. This means it is vulnerable to anything the government might do; it has already been banned in ten of the world’s top twenty economies; and in terms of currency. If you ever get a carbon tax it will be having a negative value so yes there’s nothing about bitcoin that’s been here for a long now as mentioned by Peter.
Bitcoin is emerging in this environment where money is free; it will not be here in a couple of years; it is not a store of value; it is not a method of exchange; it is not readily shiftable into the real economy. We’ve discovered with the Russian sanctions that it is completely reliant on the normal financial system for access. This means it is vulnerable to anything the government might do; it has already been banned in ten of the world’s top twenty economies; and in terms of currency. If you ever get a carbon tax it will be having a negative value so yes there’s nothing about bitcoin that’s been here for a long now as mentioned by Peter.