Is post-Merge Ethereum PoS a threat to Bitcoin's dominance?

Is post-Merge Ethereum PoS a risk to Bitcoin’s dominance?

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While Ethereum (ETH) followers are captivated with the profitable Merge, Swan Bitcoin CEO Cory Klippsten believes the improve will lead Ethereum right into a “gradual slide to irrelevance and eventual demise.” 

According to Klippsten, the Ethereum group picked the unsuitable second for detaching the protocol from its reliance on power. As many elements of the world are experiencing extreme power shortages, he believed the environmental narrative is taking the again seat.

In an unique interview with Cointelegraph, Klippsten stated “I believe the world is simply waking as much as actuality and Ethereum simply went means off into Fantasyland on the actual unsuitable time.”

“It is simply actually unhealthy timing to roll out that narrative. It simply seems to be silly.”

According to some predictions, institutional capital will more and more flip away from Bitcoin (BTC) and stream into Ethereum until Bitcoin doesn’t transfer away from the energy-consuming proof-of-work system.

Klippsten dismisses this narrative as false, citing that, finally, all priceless applied sciences must depend on real-world power to perform appropriately.

“If you do not have some tethering to the actual world utilizing legal guidelines of physics, you are principally off creating some form of like metaverse fantasyland”. 

Watch the full interview on our YouTube channel and don’t overlook to subscribe!



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() While Ethereum (ETH) followers are captivated with the profitable Merge, Swan Bitcoin CEO Cory Klippsten believes the improve will lead Ethereum right into a “gradual slide to irrelevance and eventual demise.”  According to Klippsten, the Ethereum group picked the unsuitable second for detaching the protocol from its reliance on power. As many elements of…