They’ve spent years crafting these systems to function for PoS, L2 support, sharding, rollups, etc., at scale.
And all that time, they are still ponzi schemes that do none of the above very well. We’ve had all of that in the merchant payment systems for decades now, all without the need to consume more electricity than many small nations, just to approve a transaction.
What do these “smart contracts” make? And why do we need to burn up tons of fossil fuels, just to have contracts like we had before?
And how is this better than a typical contract?
https://www.zdnet.com/article/hackers-hijack-smart-contracts-in-new-cryptocurrency-token-rug-pull-scams/
Both are simple ponzi schemes.
And all that time, they are still ponzi schemes that do none of the above very well. We’ve had all of that in the merchant payment systems for decades now, all without the need to consume more electricity than many small nations, just to approve a transaction.