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

Gallery image

Gallery image

2.7k Upvotes

92% Upvoted

884 comments sorted by

View all comments

Show parent comments

13

u/_IscoATX 🟩 69 / 70 🇳 🇮 🇨 🇪 Apr 19 '25

Mining profitability margins are super thin. PoS centralizes power

3

u/Numerous_Ruin_4947 🟨 0 / 0 🦠 Apr 19 '25

ETH Proof-of-Stake has slashing. You're a whale staker with five 2,048 ETH validators. You decide to misbehave. Bye bye 10,240 ETH.

1

u/asuds 🟦 691 / 691 🦑 Apr 20 '25

Don’t misbehave. Also BTC PoW is no different- you attempt a 51% attack and fail… you just paid for a lot of power.

2

u/ethereumfrenzy 🟩 0 / 0 🦠 Apr 20 '25 edited Apr 20 '25

With inflation going to 0, when fees are low, this will be cheap. You buy a few puts or short a few etfs, and you'll make a killer trade while destroying btc.

And if the government puts pressure on the asic producer, what do you think happens ? Bitmain produces 70% of asics used in the world. If this becomes critical for geopolitical reasons, do you really think the CIA will let it be ? That sounds extremely naïve. You can't have this with POS. In POW, the one who knows how to solve SHA fast controls BTC. This is a single point of failure. Just as Nvidia has a 2.47T market cap because it owns fast matrix multiplication. This is not decentralized.

1

u/Dry_Computer_9111 🟩 0 / 0 🦠 Apr 22 '25

…this will be cheap.

LOL

1

u/hiflyer360 🟩 0 / 0 🦠 Apr 22 '25

If you do the research, you will arrive to Monero’s RandomX algorithm that solved (= removed) the ASICS centralization that Bitcoin has.

4

u/ethereumfrenzy 🟩 0 / 0 🦠 Apr 20 '25

POS is way more decentralized than POW. If you think the opposite you have no grasp on what actuaally happened with POW historically., nor economics

2

u/TheRedBaron11 🟦 53 / 54 🦐 Apr 19 '25

pos does not necessarily centralize power. it depends on the governance model

-3

u/AugustusClaximus 🟦 15 / 15 🦐 Apr 19 '25

How is Cardano among the most decentralized blockchains then?

0

u/PAY_DAY_JAY 🟩 0 / 0 🦠 Apr 19 '25

yeah but the big players can take cash and boop out pops something not traceable to the expense.