Is post-Merge Ethereum PoS a threat to Bitcoin’s dominance?

Whereas Ethereum (ETH) followers are obsessed with the successful Merge, Swan Bitcoin CEO Cory Klippsten believes the improve will lead Ethereum right into a “gradual slide to irrelevance and eventual demise.” 

In keeping with Klippsten, the Ethereum neighborhood picked the improper second for detaching the protocol from its reliance on vitality. As many elements of the world are experiencing extreme vitality shortages, he believed the environmental narrative is taking the again seat.

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In an unique interview with Cointelegraph, Klippsten mentioned “I feel the world is simply waking as much as actuality and Ethereum simply went approach off into Fantasyland on the precise improper time.”

“It’s simply actually unhealthy timing to roll out that narrative. It simply appears silly.”

In keeping with some predictions, institutional capital will more and more flip away from Bitcoin (BTC) and move into Ethereum until Bitcoin doesn’t transfer away from the energy-consuming proof-of-work system.

Klippsten dismisses this narrative as false, citing that, in the end, all helpful applied sciences have to depend on real-world vitality to operate accurately.

“If you do not have some tethering to the actual world utilizing legal guidelines of physics, you are mainly off creating some form of like metaverse fantasyland”. 

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