Proof of Stake was a mistake. great thread from @meltem

10/ almost done with the spice 

i've said this so many times

Bitcoin has accelerated AI by at least a decade. Bitcoin created a new data center business model including behind the meter co-lo, flexible loads, demand response, hedging w the underlying. it's profound. https://t.co/OMOTqD2O0i

11/ i've never said this in public before but, it's time

Proof of Stake was a mistake

Ethereum could have been a trillion dollar protocol with its own robust energy to compute ecosystem. instead MEV extracts billions in value from users and apps. https://t.co/5eqIEnEunu

Meltem Demirors

Proof of Stake was a mistake. great thread from @meltem 

https://x.com/Melt_Dem/status/1902563208436609153

was the main reason for PoS the environmental stuff?

that was a strong narrative talking point at the time. but I think some key players who has strong interested in power and revenue accrual via PoS voted in favor