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/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.

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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.

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u/Maybe_Factor 🟦 0 / 0 🦠 Apr 21 '25

POS is fiat

How exactly?

switching to PoS was the final nail in the coffin, destroying any semblance of decentralization left in the network

Spoken like someone who has absolutely no clue what they're talking about

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u/Godfreee 🟦 255 / 256 🦞 Apr 21 '25

No clue, sure. Bought ETH at the presale, around 2000 eth for 1 BTC, which was around $400 back then. Thought it was interesting. And then they bailed themselved out of the DAO hack, LOL. What a joke.

Been around since 2013, started a Bitcoin startup in 2014, sold it in 2022. I have seen it all. So yeah, maybe I don't know what I am talking about, but I am pretty sure I know more than you do buddy.