devin glenn

altcoins/NFTS

[devin glenn @eth_giant]

@Bitboy_Crypto Take my mf profits😂

[devin glenn @eth_giant]

@doge1moon_CEO Doge dogs ❤️❤️🥶✌️

[devin glenn @eth_giant]

@ZssBecker What are bytes lol . Is it a crypto

[devin glenn @eth_giant]

@elonmusk Legends don’t have time for that❤️❤️

[devin glenn @eth_giant]

@garyvee Been watching you since I was 12 really inspiring would love a free NFT. Have a good day everybody reading this 💯

[JB @jamie247]

Imagine artists being able to divest back-catalogues to fans not private equity firms…

Let’s take back music 🎶

[devin glenn @eth_giant]

@oba_saudi @ShibInform @Lakshay40042840 Take some profit next pump and buy more on a fat dip like this

[devin glenn @eth_giant]

@RogerFCKNRabbit @senordanger @Nakamotolisk @evan_van_ness Not really a big deal when your actually doing good reasearch and making big fat checks off NFTs 🙂 but for sure that’s expensive

[devin glenn @eth_giant]

@RogerFCKNRabbit @senordanger @Nakamotolisk @evan_van_ness Should’ve bought early , ++eth 2.0 is otw 🙂

[Meow_Merica🇺🇲 @MeowMerica]

#AMCtothemoon because it's still accurate.

[Josh Stark (0xstark.eth) @0xstark]

6. From then on, the energy cost is just running client software - about 2.6 MWh per year

(https://t.co/r7UqSNXcXT)

At that point, the US gaming industry will consume ~1,300 times as much energy as @ethereum

(https://t.co/4J5I4NiFnH)

[Josh Stark (0xstark.eth) @0xstark]

5. With the switch to "Proof of Stake", we're not just tweaking this system to make it more energy efficient.

We're completely substituting out the role of energy in the protocol, and directly using a financial cost - stake - instead.

[Josh Stark (0xstark.eth) @0xstark]

4. In "Proof of Work" cryptocurrencies, the high energy use is a proxy for a financial cost.

If it is expensive to mine, then it is expensive to gain majority control of the network.

In PoW, that expense comes in the form of energy.

[Josh Stark (0xstark.eth) @0xstark]

3. But @ethereum is different from things like cars, airplanes, and gaming consoles.

You can't power a car with money instead of energy.

But you *can* secure a protocol with money instead of energy.

[Josh Stark (0xstark.eth) @0xstark]

2. People are rightfully skeptical of claims about reduced energy use.

When companies claim to be reducing emissions, the improvements are often marginal (and sometimes false).

In that context, a reduction of 99.95% sounds too good to be true - more crypto snakeoil.

[Josh Stark (0xstark.eth) @0xstark]

1. When @ethereum switches to Proof of Stake, the energy use of the network will be reduced by about ~99.95%.

One common reaction to this:

"how can you be so sure?"

[devin glenn @eth_giant]

@Nakamotolisk @evan_van_ness As u type this eth breaks all time highs 🙂