Discord Is Integrating Ethereum

And if you host your own, you can federate with others anyways.

And there isn't one central authority who can throw you off the whole network.

Might be time to buy ETH or the one you think that'll provide more utility than it in 10 years.

Concerns with KYC, privacy, centralization? /shrug

I'd imagine part of the reason is because of the malicious bots that regularly make rounds and result in @everyone pings warning about the latest way hackers are trying to steal your account (lack of trust in security) combined with the huge potential losses when someone inevitably finds a vulnerability that allows them to drain your crypto.

It also doesn't help that they seem to be doing nothing to try and explain themselves. There's no blog posts about this, so speculation is running rampant.

Good question. It is a problem that the supporters of Ethereum refuse to admit and they end up with the same responses [0] that still require you to pay for the unavoidable high gas fees which happily drains your wallet on every operation.

As long as you can't use it to pay for your groceries, then it is totally useless.

[0] https://news.ycombinator.com/item?id=29136101

For an ETH transfer you're looking at $15. For an ERC20 transfer it's about $45. This is 147 gwei at $4800 ETH.

You can find out more here: https://etherscan.io/gastracker

They aren't necessarily bringing payments or anything else like that. Just adding the ability to easily sign with your connected wallet. This brings lots of functionality. It could be used for logging in, community votes, encryption, admin key sharing (sharmir secrets), shared community wallets.

Imagine you have joined a guild in a game that has a guild bank with a bunch of tokens and nfts of game items, these could also be managed in discord with voting and payment streaming done via chat, and when you rage quit the discord server your share of the bank accounts assets is transferred back to your individual wallet.

You start a discord server and you have an instant co-op spun up with accounts, voting systems, and membership structure all in place. Thats attractive to gamers/activists/the local church group/political parties/etc.

(and despite what the other commenter says, that sounds much more interesting and has more possibilities than worrying about paying for groceries)

L2 is probably a better choice here IMHO. Maybe Polygon?

As regards PoW vs PoS: this is a huge argument - both for and against.

PoW can act like an electricity buyer of last resort, soaking up excess waste and enabling green business models for power provision to be viable.