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0 pointsmicropresident5y ago0 comments

It is a scam -- all current crypto is a scam for the same reason. One of the other things that people don't understand is that currency and government are inseparable. When you buy Eth (or any other crypto) you're buying into a new system of government.

Do you want to be a citizen of that new government? What will they do for their citizens? Do they plan to build roads or anything else?

Seigniorage should go to the people not the capital holders.

Also, if people don't think there will be validators for each wallet with 32 coins -- which are producing Co2 -- then they are wrong. It just changes the game, not the incentives.

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01343405y ago

Currency and local government can be completely divorced and I think crypto will prove this in the future. I don't think governments will begin to care one way or another as long as they get theirs and taxes are paid. If you can score currency from around the globe and bring it home to a more local domain and pay in to the system where you live, they should have no problem with it.

And the validators, PoS anyway, use very little energy even compared to traditional coin minting.

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