Viewing profile — SwagtimusPrime

It shouldn't be much of a surprise to learn that the r/bitcoin sub, bitcointalk.org, and several other bitcoin communities are owned by one and the same person that have a history …

Lol. Can you personally verify what your bank is doing? No you can't. If it was on the blockchain, you could.

That, and a lot of his ETH. The illiquid shitcoins are still worth a couple hundred million at the very least. +$200k in ETH.

mining is actually worse because of economies of scale. rich miners don't need pools so they don't pay fees, they get bulk deals and earlier access to the newest ASICs, they can pa…

benefits like killing the environment.

and UASF are a thing in PoS as well, if some entity/entities acquire a majority of the staked coins users can simply fork the malicious actors out. It's functionally equivalent exc…

Yeah sure, let me just buy a container full of ASICs worth hundreds of thousands of $$$ and I'll start mining: https://twitter.com/SGBarbour/status/1390504269925654532

It also costs a couple hundred bucks to run an Ethereum node. You are confusing running a validator and running a node, those are two independent things, just like mining and runni…

And Satoshi, just one person, owns tens of billions in BTC. That is the top 0.01%.

You mean the same guy that just donated $1.2b to the indian covid relief fund is just in it for the money? I have a hard time believing that. Vitalik doesn't even own half a percen…

Yes. Any action performed in the network will consume 99.95% less energy after this change has gone through.

>because bitcoin users actually validate blocks so do Ethereum users. >In a PoS system there is an incentive for large stakeholders to increase block sizes. this doesn't work becau…

>but comes at the great cost that people who aren't already in the game won't be able to acquire Ether without basically paying cash for it. That's a weird dependence on fiat curre…

it's not like solutions are heavily being worked on: https://ethereum-magicians.org/t/a-rollup-centric-ethereum-r... , https://vitalik.ca/general/2021/04/07/sharding.html , https:/…

it's also important to note that stakers can not withdraw yet. once withdrawal functionality is enabled I expect many more folks to stake their ETH because the uncertainty will be …

>However it still is dominated by the "haves" vs the "have nots". Proof of stake is awarded to those with the largest stakes, which favors state-sponsored miners and works against …

there is in fact a fast-merge proposal that has community & dev support with a preemptive date of October 2021, if we're conservative February 2022. Once the merge happened PoW wil…

there will be decentralized & trustless staking pools such as RocketPool, where even if a loss of funds occurs the loss is subsidized through the entire protocol.