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The two stated reasons that Ethereum went to PoS (as stated on the ethereum.org website) were:
1. More environmentally friendly
2. To enable sharding
Sharding has been scrapped as a path forwards to the best of my understanding, and Bitcoins PoW is undeniably the greener alternative (how ironic). The ability to consume wasted, stranded, and…
The two stated reasons that Ethereum went to PoS (as stated on the ethereum.org website) were:
1. More environmentally friendly
2. To enable sharding
Sharding has been scrapped as a path forwards to the best of my understanding, and Bitcoins PoW is undeniably the greener alternative (how ironic). The ability to consume wasted, stranded, and load balancing energy is incredible to see built out. This information was also known at the time of the Merge...but they pushed ahead anyway...politics.
RE price, I don't have a firm read in the immediate term. I'd be surprised if we were to enter a bear market across the industry as a whole (vs fiat). ETH will benefit for sure from ETF flows, however my instinct tells me that there simply isn't anywhere close to the same level of demand. If The ETH ETFs reached 20% of the Bitcoin AUM, I would be astounded.
Meanwhile, I see very few competitive advantages, and a shrinking market share. I struggle to be bullish ETH vs BTC over the medium to long term, but who knows what the animal spirits will do.