Hacker News Reader

IMO the Merge will "prove" that PoS works and thus bring a lot of pressure to bear on PoW coins for being obviously wasteful.

Hasn’t Cardano already shown that POS works and it did not have the effect that you predict? I’m afraid most people in the crypto world don’t care one bit about the carbon foot print of these technologies.

Cardano has a tiny market compared to Bitcoin or Ethereum. And as we've seen over the years, a lot of problems only show up at scale. So if Ethereum is able to run PoS safely, it will be a much bigger deal.

I'm excited about this.

Bitcoin and crypto use an obscene amount of energy and are basically impossible to ban. A working proof-of-stake system in a non-shitcoin will pile pressure on all cryptocurrencies to move to that system to use less energy.

Most crypto projects and blockchains aside from Bitcoin and Ethereum are already using proof of stake for consensus. But otherwise I agree, it will give more confidence in PoS to see it securing Ethereum.

I don't agree that stopping gigawatts of power from being "wasted", same with GPUs, is business as usual.