StateOfMind
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The biggest mistake of Ethereum is abandoning the Mining mechanism, letting Ethereum shed its cost anchoring. The biggest promoters during the GPU Mining era of Ethereum were the GPU manufacturers, with Jensen Huang turning GPUs into both unlocked and locked Computing Power versions. The original approach was that Ethereum would increase the Mining difficulty, GPU manufacturers would release a new generation of GPUs, then Mining Farms would buy in bulk, and the GPU manufacturers would sell their GPUs at a high price, using the profits to buy Ethereum, driving up the coin price. Mining Farms would increase their Mining profits and continue to buy high-priced GPUs, and then off-market institutions would see the profit potential and enter the market to buy Ethereum, causing the coin price to continue to rise. GPU vendors, developers, Mining Farms, and off-market institutions all made money!


V God and the developers later settled accounts, it turns out that the Ethereum ecosystem chain is the most profitable for Lao Huang, and developers are not making as much money as those selling graphics cards. This is not acceptable, so I changed to a certification system with low energy consumption. In this world, businesses fear monopolizing the market the most. Lao Huang sees you trying to monopolize, but I have a huge stash of Ether in my hands. Anyway, the graphics cards can't be sold, so I'll play with you. When you pump, I'll sell, so everyone sees clearly that every strong rebound of Ethereum comes with massive sell orders. The huge amount of Ether that Lao Huang accumulated during the mining era hasn't been sold yet, so what dreams of a meteoric rise does Ethereum still have?
The low-energy ecological chain is V God’s biggest mistake. Tencent's issuance of Q coin is not lower in energy consumption. Tencent might as well launch a blockchain project; Old Ma's Q coin could simply be made universally usable in Tencent games. Isn't that a ready-made ecosystem, and super low energy consumption? High energy consumption and GPU mining are Ethereum's moat. If V God digs up the moat, doesn’t it become a shitcoin? Tencent should quickly put Q coin on the blockchain to keep Ethereum alive. #ETH#
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