Tagged: teunis brosens

ING Head Economist Comments on the MERGE: Removes Important Obstacle for Regulators

September 15, 2022 @ 12:11 pm By JD Alois |

With a huge sigh of relief, Ethereum supporters have declared the success of the MERGE. Ethereum has moved away from Proof of Work (POW) to Proof of Stake (PoS), thus improving the entire ecosystem. While reducing electricity usage, improving speed, and boosting scalability, the Merge… Read More

Read more in: Blockchain & Digital Assets, Global, Opinion | Tagged bitcoin, ethereum, ing, teunis brosens, the merge

Call Elon Musk! ING Says Bitcoin Costs More than you Think as Powering the entire Bitcoin Blockchain Costs over 2200 MW

October 19, 2017 @ 10:07 am By JD Alois |

ING is calling this a “Mad Max Problem”, perhaps a reference to beyond Thunderdome’s plot surrounding power generation in a post apocalyptic world. Teunis Brosens, a Senior Economist with ING, says Bitcoin transactions, and crypto in general perhaps (ETH is more efficient), are more expensive… Read More

Read more in: Blockchain & Digital Assets | Tagged ing, teunis brosens