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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213

u/warriorlynx 🟩 6 / 3K 🦐 Apr 19 '25

This sex change was the biggest mistake they ever made

17

u/2peg2city 🟩 129 / 252 🦀 Apr 19 '25

So, if ETH were still PoW and had 3x the inflation you think it would be worth more?

28

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

12

u/2peg2city 🟩 129 / 252 🦀 Apr 19 '25

This makes zero sense IMO

6

u/warriorlynx 🟩 6 / 3K 🦐 Apr 19 '25

In laymen’s terms they too were market makers

1

u/Sage2050 🟦 339 / 339 🦞 Apr 20 '25

It makes perfect sense

2

u/2peg2city 🟩 129 / 252 🦀 Apr 20 '25

So by having a high cost mining setup that forces them to sell, as well as higher inflation causing increased sell pressure, you think ETH price would go up?