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Bitcoin just dropped under 20k today. The ETH merge in mid-September has me a bit worried because I don't think PoS is as reliable as PoW. Proof of work is needed to validate transactions on the blockchain, and I feel that something bad may happen like the whole ETH blockchain collapsing from the merge, or a total pump & dump. I can see ETH going under 1k.

I've also been been reading a lot about ETH miners switching over to ETC (ETH Classic), Ravencoin and Ergo. They all seem a bit promising - especially ETC.

Bitcoin just dropped under 20k today. The ETH merge in mid-September has me a bit worried because I don't think PoS is as reliable as PoW. Proof of work is needed to validate transactions on the blockchain, and I feel that something bad may happen like the whole ETH blockchain collapsing from the merge, or a total pump & dump. I can see ETH going under 1k. I've also been been reading a lot about ETH miners switching over to ETC (ETH Classic), Ravencoin and Ergo. They all seem a bit promising - especially ETC.

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[–] • 0 pt

I particularly like the part where its only value comes from finding a bigger idiot to pay more than you did for...literally nothing.

Like investing in human stupidity and gullibility futures, except as decentralized fiat. Next level.

[–] • 1 pt

Just like stocks & gold & silver.

[–] • 0 pt (edited )

Depends on the stock. Proper stock is ownership of a company that actually exists and makes things. Gold and silver you can actually hold in your hand and use to make things.

It depends on someone buying it, but at least it actually exists.

To say they are the same...yeah right.