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It's still undeniable that most crypto projects exist primarily to get retail investors to buy in to allow VCs and other insiders to cash out on them. Not directly as a simple rugpull but a longer term slow bleed, using the leverage they hold in an ecosystem in the near term to manipulate it in a direction that's useful to them in the long term. a16z is massively guilty of this.

Just a note, Ethereum uses Proof of Stake now instead of Proof of Work, which is what drives the reduction in energy consumption.

@dang why the heck is this thread flagged? Makes no sense