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RE: What Will You Do When ETH goes PoS?

in LeoFinance2 years ago

Well to answer your question, I will not do anything because I use other blockchains besides ETH to do the same things. LOL. I really don't think at this point that POS will help the transaction fees at all, but I may be wrong. The ETH community has always mistreaded their miners so that is nothing new and most of the devs are probably glad to see it go away. It is sad for those that who have invested in the infrastructure and still believe in POW as a consensus mechanism. But it is what it is at this point, and I wish the Ethereum community all the best, but I have better options like Hive and BSC.

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Wonder if we will see them shift to something else like ETC

Posted Using LeoFinance Beta

I am sure there will be some shifting. I am also assuming that Nicehash will get a boost of people just trying to mine what is the most profitable.

I started my journey mining, and really enjoyed it and understood the reasoning behind it. I see so many more flaws in proof of stake networks, but that’s what the market is gravitating to, in huge part because of the climate change and energy narrative, which has been debunked countless times. The problem with proof of work systems is that they are truly decentralized as anyone can get into mining. Staking is another story and ALL PoS systems aside from Hive are highly centralized where the primary supply sits with the development teams.

Hive is unique to this due to the way we did the fork and forked out the ninja mine. Honestly that’s way the more I dig and interact with these other chains, the more of a BTC and Hive maxi I become.