Quote:
Originally Posted by housenuts
Yeah I know what they're referring to. This article is wrong and all the reddit threads about this are wrong. This is the sort of stuff that people are putting out just because it's very fitting to the hype and ongoing narrative. Great for my portfolio but very frustrating to see how clueless people are.
The Köppelmann Constant is a silly concept. If we equate "the most profitable to mine" the same as most secure, then why not call Zcash the most secure coin, as it is even more profitable to mine than Ethereum.
“The ETHBTC rate where Ether PoW mining yields the same value as Bitcoin mining. Also, it is the ETHBTC rate where Ether PoW expends more economic resources on PoW than Bitcoin.”
Great. That just means ETH miners are currently overpaid based on the ongoing price rally + ****ty emission curve + ice age delay that Vitalik singlehandedly decided on. Somehow that's been translated to mean Ethereum is the most secure blockchain.
My tone is a bit harsh, but that's just frustration at how little some of these people writing these articles actually know.