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Evan Van Ness characterizes Bitcoin's consensus approach as 'Proof of Waste.' He states there are direct consequences if Ethereum does not surpass Bitcoin in prominence.
Van Ness suggests the community could make a conscious choice to ensure Ethereum overtakes Bitcoin.
Van Ness has previously commented on the motivations within the crypto industry, proposing an alternative Vanity Fair headline focused on attention seekers. Earlier, he reported on a rollup startup whose token value fell to zero after raising $100 million from anti-Ethereum venture capital funds, as noted in his coverage of the startup's collapse. These statements add to his ongoing discussion of key players and market shifts in the sector.