Quote from: livingfree on Today at 08:10:49 AM

Quote from: MSDbitco on September 12, 2022, 03:40:06 PM

The upcoming Ethereum Merge to Proof-of-Stake may lead to greater institutional adoption, according to a Bank of America Research Report

It is because the consensus algorithm of POS works perfectly for them. It is designed for the rich to become richer and that's why the Bank of America has said that if they really have said.

And this merge could really lead them to invest more if they have already understood how the technology works and seen the potential of Ethereum. They may have the idea already as it has a large portion of mining.

So, for these institutions, they may really get on track with it investing from millions to billions.

I do not get it, if ETH stayed as PoW do you think that poor people would make money as well? I mean it's clear that you would need either a lot of GPU machines, there were a few not so efficient asic machines, or even use computer to do it whatever you want but in the end it would require a lot of money do it and it wasn't cheap. How come PoS suddenly makes that into something that actually goes bigger?

I do not get it because it doesn't look like something that could be considered a profitable business for cheap people in either case, it would be working for the rich people either way anyway. So, we shouldn't consider the change as something that is unique and difficult.