3 sats \ 2 replies \ @falsejaguar 22 Aug 2022 \ on: Could Ethereum Collapse on Day 1 of the Merge? bitcoin
The miners gave ethereum value. Without mining it's like a car powered by money and not gasoline anymore. Makes no sense. A snake eating its own tail.
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0 sats \ 1 reply \ @kilianbuhn OP 22 Aug 2022
Will the snake slowly orobourus itself or will it swallow itself up on day 1? 🐍🐍
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0 sats \ 0 replies \ @falsejaguar 26 Aug 2022
If switches to becoming an equity security essentially. Pay to play and it only has the value it can create as opposed to the value of the work done as a baseline (energy converted to coins instead of empty fiat converted to coins). Like instead of gold mining, only being able to "stake" gold. Hahaha so dumb.
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