Apparently Ethereum has officially transitioned to proof-of-stake. As much as I’m a cryptocurrency skeptic overall, I’ve long believed the “NFTs destroy the planet” argument had a time limit, and now we’ve reached it. So congratulations Ethereum.
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Replying to @gsora_ and @comex
Hardly anyone will use it and the value will be dramatically lower. Block rewards + fees is what provides the money for mining. If that value is 1/100000 of what it was previously then it only funds 1/100000 as much mining. It was always limited by this. Still applies to Bitcoin.