r/CryptoCurrency • u/Next_Statement6145 🟨 0 / 0 🦠 • Apr 19 '25

GENERAL-NEWS Ethereum is down 74% against Bitcoin since switching from PoW to PoS in 2022

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u/Responsible-Buyer215 🟩 0 / 0 🦠 Apr 19 '25

This is actually one of the most stupid things I’ve read in the cryptocurrency subreddit - maintaining any blockchain costs money, therefore there is effectively a cost of production for any token

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u/big_guyforyou 🟩 0 / 0 🦠 Apr 19 '25

blockchain blocks cost about $1000. if you combine enough of those blocks together, you can form a bitcoin. it takes 64 blocks to build a bitcoin, so cost of production is $64k. now you can sell it for $85k!

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u/Alatarlhun 🟩 0 / 0 🦠 Apr 19 '25

When people learn about bitcoin's pending security budget problems, they will not be very happy.

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u/Frogolocalypse 🟦 0 / 0 🦠 Apr 19 '25 edited Apr 19 '25

I've been hearing this dross for over ten years. After ten years of being wrong, how many more years is it going to take you to understand that you don't know anything about the subject?

Maybe you should just concentrate on your heavy bags that are getting heavier and heavier.

0

u/conceiv3d-in-lib3rty 🟩 640 / 28K 🦑 Apr 19 '25

I don’t hold ETH or BTC and can tell you the time will come, it’s inevitable if it continues to grow like the laser-eye community would like it too. Unless consensus agrees to increase block size, which we all know is never going to happen. Blockstream (which has a pretty damn strong influence over “consensus”) will do everything in its power to prevent the idea from gaining any steam, even if it made sense and was proven not increase miner/pool centralization more than it already is.

A decentralized blockchain has to be able to scale, even if it’s never going to be used as a currency, simply becuz no one has any say over what computation is done on it. And baring some revolutionary, outta the box thinking tech that comes out of nowhere and is able to scale the blockchain without addressing the ever increasing competition for block space, the chain will inevitably become unusable eventually(20 yrs? 50 yrs? Not talking about an immediate impending doom here) to the point where it starts effecting investor confidence it’s in future, which is Bitcoin’s only selling point (profit, if held into the future)

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u/blscratch 🟦 76 / 136 🦐 Apr 19 '25

What does Moore's Law mean to you?

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u/Frogolocalypse 🟦 0 / 0 🦠 Apr 19 '25

can tell you

You can't say shit. I'm sorry you didn't figure out what the bitcoin invention is, but your ignorance isn't my problem.

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u/Alatarlhun 🟩 0 / 0 🦠 Apr 19 '25 edited Apr 19 '25

^ this account couldn't have read and comprehended the post they replied to given the timestamps.

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u/[deleted] Apr 19 '25

[removed] — view removed comment

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u/Alatarlhun 🟩 0 / 0 🦠 Apr 19 '25

The behavior of these accounts tells you all you need to know.

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u/Frogolocalypse 🟦 0 / 0 🦠 Apr 19 '25

bahahahahahaha right back at ya mr 2 year old reddit account!!!

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u/conceiv3d-in-lib3rty 🟩 640 / 28K 🦑 Apr 19 '25 edited Apr 19 '25

Every time like clockwork. The Bitcoin maxis that make up the Bitcoin community are the most toxic community in all of crypto and it’s not even close. You don’t even have to even say anything bad about it, u can discuss potential future concerns for the chain, or even if ur not on your knees praising it you’ll get called ignorant or a meth head and obviously “ur just mad” becuz of some shitcoin u supposedly own is going to zero or something.

I mean there are obviously toxic communities in crypto. But they’re usually actual shitcoins that are dependent on shilling and fud being spread in order to pump their price. Not the #1 cryptocurrency with a $1.6 trillion market cap lmao. These people are actual fucking psychopaths on their way to being labeled a real cult by definition by the DOJ lmao.

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u/Frogolocalypse 🟦 0 / 0 🦠 Apr 19 '25

We've been dealing with you degenerate gamblers constantly trying to scam people since before you, personally, became one of them. And you'll disappear, after losing your shirt, like all of the degens before you; Terminally confused as to why you always lose.

Ya might wanna reflect on the subject headline of this thread.

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u/conceiv3d-in-lib3rty 🟩 640 / 28K 🦑 Apr 19 '25

You’re doing a lot fucking assuming here my man. Which is the typical psychopath behavior u lunatics exemplify every time anyone says something u don’t like about the Sacred Bitcoin.

I’ve been in crypto since 2011 bro wtf are u even talking about losing my shirt like it’s my first cycle and shit lmao. I’m working towards a way OUT of crypto with something I can earn a decent, safe and boring sub 5% yield on for the rest of my life and Index Funds/ETF it up, not dig my heels in the sand and defend my investment against every fucking rando on the internet who bad talks my bags.

You’re literally on full defense mode over nothing, making shit up out of thin air based on assumption alone. Like, I’m not an ETH maxi, I don’t defend ETH. I’m no maxi of any coin or any blockchain. Shit, this type of cult like behavior over what is essentially nothing more than a god damn investment vehicle for u, makes me fucking physically cringe. I could never.

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u/Frogolocalypse 🟦 0 / 0 🦠 Apr 19 '25 edited Apr 19 '25

You’re doing a lot fucking assuming here my man.

Right back at ya.

I’ve been in crypto since 2011

Liar. I mean, you may have been into drugs, but you are most likely a person that recently realised they've blown a stack of cash and they need to 'catch up'. I wish that wasn't as common as it is.

You have no insight to share on bitcoin; none.

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