this post was submitted on 30 Nov 2023
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Gaming
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What frustrates me is that the crypto scene didn't have to develop in this direction. While I'm not sure how to get around the electricity requirements necessary for any "coin" to exist on a large scale, the concept of a blockchain doesn't seem to me like an inherently predatory idea. The idea that coins or NFTs were investment vehicles really provided the opportunity for those with the knowledge and resources to manipulate a poorly regulated market and literal con artists to move in and be the main influence as to how everything played out. Although it's somewhat of a relief that it's widely recognized by most people as being a racket, the missed opportunity of the concept of permanent and intangible "objects" to be used for some purpose other than scamming does bum me out a bit.
Proof of stake gets around the electricity usage. Of the chains that are still big it's really only bitcoin and it's derivatives that still use a lot of energy.
That would mean something if Ethereum wasn't effectively dead in a ditch and being pissed on by a vagrant.
ETH is higher than it was a few years ago. I was watching it at 400, 500, 900, 1200, it went to 4500 in the boom and is now 2000. How is that dead?
Haven’t checked it in a while, but is it still impossible to withdraw staked coins?
Wait back up.
Hahahahaha holy shit.
Seems like they’ve fixed it now, but there was a time when they had proof of stake without withdrawal functionality
I was just going to ask how this worked out for Ethereum. Haven’t checked in for a while but apparently it’s not good.