Bitcoin

The BTC technology stack is probably the best there is, however I'm giving it a 3 stars because there is a significant risk at play against Proof-of-Work which BTC is built upon. ETH made the conscious effort which took years to migrate their PoW consensus algorithm toward Proof-of-Stake (PoS). PoS is vastly better in terms of electricity consumption in comparison to PoW. The US government have had several moves and discussion regarding a potential ban of PoW because of there high energy consumption claiming that it is bad for the environment. Without going into conspiracy theories, I believe the real reason for the story being put forward could be more related to the fact that the US doesn't really have a competitive advantage on electricity generation in comparison to other countries, what the US have though is a competitive edge in regards to having large sums of money at their disposal. PoS is about staking large sums of money which gives you a portion of control over the network. So, it is not impossible that a potential ban of PoW might be one of control in reality. In which case, the storyline is being put forward for an eventual ban of PoW which would lead to all Centralized Crypto Exchange in the US being legally unable to list BTC anymore. Obviously, that would cause significant selling volume on BTC, and most likely an increase for ETH. This is all hypothetical at this point, but in Nov 2022, New York became the first state to enact a temporary ban on new cryptocurrency mining permits at fossil fuel plants, a move aimed at addressing the environmental concerns over the energy-intensive activity. I fear more such action will take place, and diversification of a crypto portfolio is warranted in case it happens. Show Less