[throwaway22032]

You may as well say that the Bank of England is too focused on making counterfeit proof banknotes, and actually they should be building door locks, making alarm systems, campaigning for police patrols etc.

These are two distinct problems completely.

[yunohn]

Bank of England claims that barely 0.0022% of notes are counterfeit. [1] And that going digital is what’s driving YoY decreases.

If you claim that ETH’s role is purely to be a replacement for the BoE (which is debatable) - surely they’ve solved counterfeiting, and can move on other things? Do we need to bike shed this forever?

[1] https://www.bankofengland.co.uk/banknotes/counterfeit-bankno...