I still can’t believe that Ethereum moved to Proof of Stake. Of all the dumbest self-owns in history, that has to be close to the top.
Discussion
There was only ever one legitimate use case for a proof of work chain anyway.
This is true. But there was a period where “crypto” was seen as BTC & ETH (+ Alts), that framing ended after PoS - they separated themselves out of the narrative lol
They were scared of losing market share due to its energy use. Then they lost it anyway.
You mean, they were worried about climate change and they made terrible decisions which had enormous financial impacts on them?! 👀
I mean, the saddest part is Ethereum isn’t even the best proof of stake chain. They didn’t even get that part right.
“best proof of stake chain” is itself an oxymoron. PoS is entirely political, it has applications in that domain on Bitcoin but not as governance and security of an L1.
That mETHeads fucked up so badly is glorious!
so youre sayin I should buy some eth?