Ethereum has changed its monetary policy on the whims of few influential people, including Vitalik Buterin. It is currently deflationary, but now eveyone knows that this can change overnight if the right (few) people want it.<p>With this change it further renounced to its chances to be a replacement of Bitcoin, so it won't bury it, and this eulogy is comical at best... like the hundreds of previous ones from other tokens/networks.<p>Bitcoin has a track record of keeping its fundamental principle intact (fixed supply, verifiable on low-end hardware, no premine/ICO, etc.), and it makes all the difference when it come to be an actual sound form of money.
The way our brain is equipped to process concepts is an over-simplification and confusing of what some refer to as the deeper reality or simply the reality that our mind obfuscates. It's worse than Plato's Cave.<p>It's futile to opine on things that we don't yet fully comprehend in the greater scheme of things. We don't even know (yet we think we do) what we're opining about.<p>Good luck with all such feeble attempts at deciphering reality.<p>No, this was not written by a bot, and I am talking about Bitcoin.<p>But I mean in general...
People have been saying that Bitcoin and cryptocurrencies in general will die soon for a while now. It has not happened. I say that it's too soon to say. Bitcoin will need to change its power consumption ways, that's for sure. But I'm one that believes that instead of reducing its power consumption, Bitcoin, the community, will find better ways to produce green power.