{"id":30128,"date":"2022-09-25T21:39:42","date_gmt":"2022-09-25T21:39:42","guid":{"rendered":"http:\/\/egrowonline.com\/?p=30128"},"modified":"2022-09-25T21:39:42","modified_gmt":"2022-09-25T21:39:42","slug":"is-post-merge-ethereum-pos-a-threat-to-bitcoins-dominance","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=30128","title":{"rendered":"Is post-Merge Ethereum PoS a threat to Bitcoin&#8217;s dominance?"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvMGI4MzlkMTUtYjQ4ZC00ODNjLWFjNWEtZTY5N2MzNzNkNWNjLmpwZw==.jpg\" \/><\/p>\n<div data-v-6ebd806f=\"\">\n<p>While Ethereum (<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/ethereum-price\" rel=\"noopener\">ETH<\/a>) fans are enthusiastic about <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/breaking-historic-day-for-crypto-as-ethereum-merge-to-proof-of-stake-occurs\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/breaking-historic-day-for-crypto-as-ethereum-merge-to-proof-of-stake-occurs\/amp\" rel=\"noopener\">the successful Merge<\/a>, Swan Bitcoin CEO Cory Klippsten believes the upgrade will lead Ethereum into a \u201cslow slide to irrelevance and eventual death.\u201d\u00a0<\/p>\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"How will the Ethereum Merge impact Bitcoin?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/eUCmw4C01Ms?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p>According to Klippsten, the Ethereum community picked the wrong moment for detaching the protocol from its reliance on energy. As many parts of the world are experiencing severe energy shortages, he believed the environmental narrative is taking the back seat. <\/p>\n<p>In an exclusive interview with Cointelegraph, Klippsten said \u201cI think the world is just waking up to reality and Ethereum just went way off into Fantasyland at the exact wrong time.\u201d<\/p>\n<blockquote><p>\u201cIt is just really bad timing to roll out that narrative. It just looks stupid.\u201d<\/p><\/blockquote>\n<p>According to some predictions, institutional capital will increasingly turn away from Bitcoin (<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" rel=\"noopener\">BTC<\/a>) and flow into Ethereum unless Bitcoin doesn\u2019t move away from the energy-consuming proof-of-work system. <\/p>\n<p>Klippsten dismisses this narrative as false, citing that, ultimately, all valuable technologies need to rely on real-world energy to function correctly. <\/p>\n<blockquote><p>&#8220;If you don&#8217;t have some tethering to the real world using laws of physics, you&#8217;re basically off creating some kind of like metaverse fantasyland&#8221;.\u00a0<\/p><\/blockquote>\n<p>Watch the <a target=\"_blank\" href=\"https:\/\/youtu.be\/eUCmw4C01Ms\" rel=\"noopener nofollow\">full interview<\/a> on our YouTube channel and <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/c\/cointelegraph_com\" rel=\"noopener nofollow\">don\u2019t forget to subscribe<\/a>! <\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/is-post-merge-ethereum-pos-a-threat-to-bitcoin-s-dominance\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While Ethereum (ETH) fans are enthusiastic about the successful Merge, Swan Bitcoin CEO Cory Klippsten believes the upgrade will lead Ethereum into a \u201cslow slide to irrelevance and eventual death.\u201d\u00a0 According to Klippsten, the Ethereum community picked the wrong moment for detaching the protocol from its reliance on energy. As many parts of the world [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":30129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[38],"tags":[1093,1245,158,4359,2108,3289],"class_list":["post-30128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoins","tag-dominance","tag-ethereum","tag-pos","tag-postmerge","tag-threat"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/09\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvMGI4MzlkMTUtYjQ4ZC00ODNjLWFjNWEtZTY5N2MzNzNkNWNjLmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/30128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30128"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/30128\/revisions"}],"predecessor-version":[{"id":30130,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/30128\/revisions\/30130"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/30129"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30128"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}