• I'm talking about Eth - which is the most used blockchain

    here are the daily fees people are paying to use various crypto tokens. 9 of the top 10 are based on Etherium.

  • Those fees are driven by a broken system, gas fees are outrageous at the moment, as soon as a cheaper alternative comes along people will jump on it, who wants to do a low value transaction and pay massive gas fees

  • when eth 2.0 comes it may reduce gas fees which again is a reason for users and developers to abandon the POW ship.

    Worth noting though that litecoin forked to try and solve this same issue by increasing the block size but it means you need super computers to run a node (rather than say a raspberry pi). Which means there are currently only 100 nodes on the litecoin network which means its no longer decentralised in the same way bitcoin is. I don't really know what will happen with eth 2.0 but my original point was that if its better then users will dictate if old eth dies rather than miners.

    BTC is a whole different bag as its not 'used' by users and is a store of wealth so miners probably do have a bigger say as there is less incentive to move to something else.

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