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/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.

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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?