cchero

If disney lost the copyright on their older works and copyright law started expiring after 20 or 50 years instead of the 100 plus today, I would consider this a good thing.

People who make billions of dollars from the status quo have great power to maintain the status quo.

The cryptocurrency mining industry is worth about 3 billion dollars per year. About sixty percent of that is from Ethereum mining.

Ethereum switching to proof of stake is a threat to billions of dollars in annual revenue. Miners should be rallying against this, and the budget they have for lobbying and pr could reasonably be nine figures.

Ethereum miners are not the only ones affected. If two million gpus suddenly flood the market, either the resale value of hardware will nosedive, or the difficulty of all other coins will skyrocket. Miners who do not even mine ethereum should still be actively opposed to ethereum switching to proof of stake.