Oh yeah, it is that part of the cycle again
Yesterday, i have read the first FUD article in a long time about Bitcoin, the energy and resource eating monster
This time, the framing was "one transaction is wasting a swimming pool full of water" for cooling the nodes
Again, the Vitalik coin was mentioned as demonstrating an alternative, because "changing the algorithm" (POS, for newbs) saved 99% of energy in the network.
The one argument i couldn't really follow was "the more expensive Bitcoin gets, the more energy intensive the network becomes"
my rating: bullish, though
the more articles
the more FOMO will kick in
A mainstream news law?
Shifting of ethereum from PoW to PoS just tells the story that how centralized this coin is with unlimited supply of coins. The decentralized concept originally proposed by Satoshi is only limited to bitcoin.
People do have nature of criticising new products. That's how this world is moving. In initial days people made fun of Wright brothers who proposed idea that human can fly. There are less number of haters for bitcoin with every passing year as more are embracing it.
It will be nice start of week if I see 40k after I wake up on Monday morning!!!
Have a nice weekend everyone.
