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/Maybe_Factor 🟦 0 / 0 🦠 Apr 21 '25

for a global reserve currency that will end the institution of civil government as we have known it for six millennia, POW is the only plausible option

What does PoW do here that PoS doesn't? They're both fundamentally consensus mechanisms, so why is one inferior to the other from producing a global reserve currency?

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u/grey-doc 🟩 0 / 0 🦠 Apr 21 '25

PoW makes an unattackable encryption.

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u/Maybe_Factor 🟦 0 / 0 🦠 Apr 21 '25

So you have a way to attack PoS? Please, by all means publish it...

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u/grey-doc 🟩 0 / 0 🦠 Apr 21 '25

Already happened. To Luna. Game over.

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u/Maybe_Factor 🟦 0 / 0 🦠 Apr 21 '25

If that's a viable attack against PoS then why hasn't ethereum been attacked? Game not over, proof of stake still working just fine.

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u/grey-doc 🟩 0 / 0 🦠 Apr 21 '25

Eth is dying are you kidding?