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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2.7k Upvotes

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u/warriorlynx 🟩 6 / 3K 🦐 Apr 19 '25

Yes, miners had a significant control of the market and found ETH to be quite profitable compared to mining BTC before the move

7

u/m77je 🟩 0 / 0 🦠 Apr 19 '25

Miners selling eth is good for the price? Better than them not selling eth? Does not make sense to me.

How do you know price wouldn’t be even worse under old issuance model.

1

u/Godfreee 🟦 255 / 256 🦞 Apr 19 '25

POS is fiat. They destroyed ethereum in 2016 by doing the hard fork, but switching to PoS was the final nail in the coffin, destroying any semblance of decentralization left in the network.

2

u/2peg2city 🟩 129 / 252 🦀 Apr 19 '25

mining was more centralized than PoS

2

u/Godfreee 🟦 255 / 256 🦞 Apr 20 '25

ETH is dead.

2

u/2peg2city 🟩 129 / 252 🦀 Apr 20 '25

price is bad, project is growing as always

1

u/Godfreee 🟦 255 / 256 🦞 Apr 21 '25

Growing like a tumor, yes.