So bitcoin’s taproot has been approved. How does this affect ethereum?
I think it is a major market inefficiency that both Bitcoin and ethereum are so correlated. I assume the 9% spike (as of this writing) in ethereum is related to the taproot news. In theory, this sounds like an improvement to what I feel is a direct rival to ethereum. How do you all feel about this? And what about the general implication that what’s good for Bitcoin is good for ethereum while what’s bad for Bitcoin is bad for ethereum? I couldn’t wrap my head around the dip in ethereum after Musk cut ties with Bitcoin. He cited the massive power consumption as a major weakness in bitcoin’s mining system. with proof of stake coming to ethereum, I would assume that should have been good news for ethereum.