Im glad BTC has competition but i can't understand ETH current valuation with how many times the network has had issues. I understand is much more complicated but i dunno i sold all mine after the DAO fiasco maybe just bitter.
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Well, with peaks at 90,000 tx/s it is not the case that ETH failed for no reason. But there is clearly some work to do for ETH developers.
Did I understand correctly that ETH will move to a Proof of Stake system and if so, would the current issue be solved by that change of consensus model?
No, proof of stake alone does not change the economic incentives, gas prices, or spam.
Dan. Can you elaborate? Proof of stake seems completely different. Remove the miners and whoever has the most money becomes king. I would have guessed that totally resets economic incentives - completely different model.