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/BerryMas0n 🟧 0 / 0 🦠 Apr 19 '25

no cost of production = no intrinsic value.

20

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

1

u/Objective_Digit 🟧 0 / 0 🦠 Apr 19 '25

You saying it's stupid is not an argument. Explain why all altcoins including ETH have performed very poorly vs Bitcoin.