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by robin_reala 1373 days ago
One can be both positive about the benefit that this move brings, yet deeply negative about the overall value of crypto.
3 comments

This is absolutely where I stand. Hurrah, Ethereum's cost on humanity and the environment is dropping drastically! Unfortunately, it still has a measurable (if no longer grotesque) cost with extremely dubious benefit.
And what is that cost if not environmental?
Probably crime and wasted human potential
It should be rebranded as crypto speculative investment given how infrequently it's actually used as currency.
Perhaps that nuance is achievable, but I have seen none of that here.

That said, I fundamentally disagree that crypto is "overall negative", and with the move to PoS the largest negative aspect of crytpo (the environmental cost of PoW) goes away.

This merge doesn't make the environmental cost go away. It props up past environmental harms on a pedistal.