Quote from: jqprez on September 12, 2020, 03:28:16 PM

What will happen after the transition of eth from Pow to Pos? According to my scenario this would mean the demise of ethereum. Because? well, let's start with the fact that pow is based on millions of mining rigs around the world validating blocks. These resell the earned and when they have paid off the machines and the electricity, they set aside a little ethereum to buy more performing machines or optimize consumption. With the pos these will become useless with the consequence that ethereum will also become useless for them. It will be a much more centralized cryptocurrency for the rich few. Just my opinion.
Edit1 The effect of the miners (and therefore of the economic empires of Nvidia and Amd which have an interest in increasing the values of some crypto to sell more cards) will be felt just as it was felt on the various litecoin then dash etc?

It will be a great thing for hodlers but will be a bad thing for miners as they cannot mine anymore.. Its has bad and good thing too as like me not a miner i would love to stake this coin as it was a definitely a good coin to stake for a long term. Even without a miner i did not scared at all for the price to be drop as ethereum was a well known coin out there. Still got a world wide supporter that will back ethereum.

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