Crypto twitter seems very very excited about the Ethereum proof of stake transition. (A triple-halvening! ETHBTC flippening! Earn free yield on your ETH!) Makes me leery.
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@wintonARK If the government wants to censor transactions, can't they impose them on the US btc miners as well? How is the transition to POS makes eth more centralized?
@henry35091373 Much easier for the US government to exert regulatory leverage on Coinbase than 1 million bitcoin miners (some of which on-shore, many not)
@wintonARK Hmm I thought almost 50% of btc total hash power is within the US.