Ethereum

Bitcoin mining is already a duopoly, and it’s only getting worse.

Economies of scale and shrinking rewards push everyone out except the top two. Soon, only they’ll decide what gets added to the Bitcoin chain.

The rest will pivot. Ethereum is the endgame.

/ethereum foundation | opinions are my own but more than likely they come from Vitalik's blog paragraph.xyz/@chaskin

Spot on. People look at the year 2140 (end of mining) as a distant deadline that does not concern them, but that’s a distraction. The looming centralization and security budget crisis will not develop linearly until then. It will accelerate and snowball within the next 10 to 15 years. Nobody will want to be exit liquidity, so a loss of confidence can happen exponentially quickly.

Whatever the solution that ends up being adopted — tail issuance, a switch to PoS, a wrapped token on Ethereum — the Bitcoin we know will look very different within that one generation timeframe

Aviator, diver, Etherean, nexialist, PhD in aviation and climate science, host of /diving /ethfinance /forteantimes /geopolitics /science /singapore /thomas

not to mention the culture/assumption rift that is going to happen when immobile pre-2013 coins (and more) are going to get burned in order to support a post-quantum migration, rugs the entire underpinning of eternal backwards compatibility that led the bitcoin roadmap to where it is.