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RE: Cryptocurrency And The Age Of Abundance: Fueling Technological Advancement

Hive certainly fits into this larger trend as does all we see taking place within the blockchain and cryptocurrency world.

For that reason, if one can see what is taking place at this level, it will give them insight into what is happening at an overall technological level.

The reverse is alaos true.

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PoW has security but major scaling issues. That is one of the reasons why Ethereum switched to a PoS system. Do you really think there will be trillions of transactions done on a PoW chains? We are likely to see one, Bitcoin, as the only important one long term.

As for PoS, we will see if you still feel that way when Ethereum is in the hands of Wall Street. That is who is buying up the token. Of course, the major holding of the foundation could be a difference maker, although not for decentralization and distribution.

There will come a time when the PoS validation on Ethereum will come from a handful of people. The drawback to a straight PoS is the fact that there still is a huge weighting towards the wealthy.

But we will see in time how it all pans out.

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