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[NoLimits15]

Investment company Greyscale is buying almost all of the newly mined Ethereum for its investors. They already own around 1% of the total Ethereum supply. This will be a big problem when the Ethereum network upgrades its network to proof-of-stake algorithm because Greyscale may take over the network. The proof-of-stake algorithm works in favor of those who possess huge amounts of Ethereum.

 

[hibi3454]

Oh damn this could slowly turn into some very frightening news as owning a large quantity such as 1% of Ethereum supply means being a large shareholder in the Ethereum world and hence having the most control.

 

[Brain]

This is how monopoly starts whereby certain people are in charge of a supply that should go round and this comes with myraids of financial issues especially the problem of total control. There should be a better way round this.

 

[hibi3454]

This is how monopoly starts whereby certain people are in charge of a supply that should go round and this comes with myraids of financial issues especially the problem of total control. There should be a better way round this.

For sure! The last thing the cryptocurrency industry would need right now is a monopoly dominating the market and killing off smaller(possibly better) altcoins, lets just hope for the best

 

[Brain]

For sure! The last thing the cryptocurrency industry would need right now is a monopoly dominating the market and killing off smaller(possibly better) altcoins, lets just hope for the best

I know crypto isn't regulated by any authority now but I was also thinking if there could be some restrictions or rules put in place to start some policies that are detrimental to the well being of the network.

 

[SCAMEXPOSER]

In the game of crypto currency, the smartest control the games, a single individual or company have 1% of ethereum supply is not a joke. Soonest it gonna be 10%.
Puting certain regulation on crypto currency may make it loose it value as decentralized network.

 

[Josemendez]

Investment company Greyscale is buying almost all of the newly mined Ethereum for its investors. They already own around 1% of the total Ethereum supply. This will be a big problem when the Ethereum network upgrades its network to a proof-of-stake algorithm because Greyscale may take over the network. The proof-of-stake algorithm works in favor of those who possess huge amounts of Ethereum.

True, but that if whether grayscale has any plans to commit their fund into staking. I believe that they are basically buying it as an asset

 

[SCAMEXPOSER]

Anything ethereum or ethereum base blockchain , the gas fee has been the biggest challenge, imagine sending 12TVK coin will require 24tvk for gas fee.

 

[Josemendez]

They keep holding more coin , i love their involvement in crypto currency , but when would the ethereum proof of stake start operation

I believe that it will start very soon .you just have to stick to many news channels for update . I read it is going to take effect this month of April .

 

[SCAMEXPOSER]

I need to get prepared ahead then , just If its been launched , i would be opportuned and have some cash to be able to participate in the proof of stake

I will like to know more about this ethereum proof of stake. I hope it is not ethereum version 2. What are the opportunities in it especially as regards gas fee.

 

[Josemendez]

I will like to know more about this ethereum proof of stake. I hope it is not ethereum version 2. What are the opportunities in it especially as regards gas fee.

It is an upgrade of the ethereum 2.0 and it has been claimed that it will have features that will reduce the gas fee and make the price of ethereum rise

 

[SCAMEXPOSER]

It is an upgrade of the ethereum 2.0 and it has been claimed that it will have features that will reduce the gas fee and make the price of ethereum rise

That will be great because this gas fee has been one of the greatest challenge for Investing in it , I wonder how Tron blockchain is developed such that it has low transaction fee.

 

[Josemendez]

That will be great because this gas fee has been one of the greatest challenge for Investing in it , I wonder how Tron blockchain is developed such that it has low transaction fee.

I think most of these new projects are capitalizing on the challenge faced by ethereum by their high gas fee to build their project in such a way that theirs will have low gas fee.

 

[SCAMEXPOSER]

I think most of these new projects are capitalizing on the challenge faced by ethereum by their high gas fee to build their project in such a way that theirs will have low gas fee.

That's one good thing with feasibility studies such that one can easily identify the weaknesses of your competitors and deal with it.

 

[Josemendez]

That's one good thing with feasibility studies such that one can easily identify the weaknesses of your competitors and deal with it.

Yeah. The fact that Binance is soaring higher today is the fact that they were able to capitalize on the challenges of ethereum and Bitcoin in building their network

 

[SCAMEXPOSER]

The Binance coin is a coin we need to keep taking advantage of , when it rise you trade off and it drop you pump more funds into it to make money.

 

[Josemendez]

The Binance coin is a coin we need to keep taking advantage of , when it rise you trade off and it drop you pump more funds into it to make money.

Sure . The coin has shown many potential for further rise . I am quite confident in the future of the coin . This has been my major reason for using their wallet .

 

[SCAMEXPOSER]

Sure . The coin has shown many potential for further rise . I am quite confident in the future of the coin . This has been my major reason for using their wallet .

Yeah , the next dip in the coin my target is to ensure I have 1 BSC available in the platform to enable me earn more from all activities in the platform.

 

[Wisdom01]

My major concern and focus on ethereum is still the ethereum fee , it should be low to some extent ,and i hope this proof of stake adds some development to it

 

[Josemendez]

Yeah , the next dip in the coin my target is to ensure I have 1 BSC available in the platform to enable me earn more from all activities in the platform.

That's a good idea . There is going to come a launchpad for TKO tomorrow in Binance ,and the minimum requirement is 0.1 BNB . Those with values less than that can't partake in it .