So on the latest cryto news NY attorney hit ETH as security because it has shifted from proof of work to proof of stake. This impacted ETH negatively and crashed it by 8% at the time I wrote this post. However BTC is still a proof of work so therefore it’s not a security. Shouldn’t this fact impact BTC in a positive light? I know big banks and organizations has been shutting down BTC services lately and that might also impact it but this seems like a ETH and altcoin issues and not BTC. Any thoughts?
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0 sats \ 0 replies \ @kepford 10 Mar 2023
It is possible that some money in ETH will flee to BTC but it is also possible it will only affect the price of all crypto assets negatively. IMHO the best thing about this is that maybe more people will see the reasons for Bitcoin's design decisions.
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0 sats \ 0 replies \ @om 10 Mar 2023
BTC doesn't compete with ETH in a sense that whenever one loses, the other wins. When the gov gets oppressive, everyone loses.
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0 sats \ 0 replies \ @01xCc 10 Mar 2023
америка говорит что кефир бумага??? ахааа тогда сожги ее...
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