[dragontamer]

> no vampiric-squid-encircling-the-globe sized multi-national taking its monopolistic percentage

What do you think about the Gigawatts of energy + transaction fees that are going to miners? Because your hyperbolic statement is what I think of the miners in the cryptocurrency world.

They do nothing but buy up critical parts (GPUs, ASICs, etc. etc.), use up rare resources (energy / coal / etc. etc.) and then are paid to do so (mining rewards, transaction fees), without offering much innovation on their own.

Doubling the number of miners in the world for the BTC network won't improve the speed of the network, nor would it improve the rewards. All it would do, is double the energy usage.

[BLKNSLVR]

I'm entirely supportive of Ethereum moving to Proof of Stake and think that Bitcoins Proof of Work is what may eventually kill it if it's not modified somehow.

I'm a tree hugging hippie and the energy use of bitcoin bothers me very little, as it's a barely a blip on the radar in comparison to numerous other human activities that have been going on for multiple decades and that no one mentions alongside BITCOIN ENERGY USE!!! for comparison because they're pushing an agenda.

I'm annoyed about the GPU thing, but that's capitalism; that's the market doing it's thing. Not sure how else to argue that point. It's probably also exacerbated by COVID messing up supply chains.