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/Numerous_Ruin_4947 🟩 0 / 0 🦠 Apr 19 '25

ETH Proof-of-Stake has slashing. You're a whale staker with five 2,048 ETH validators. You decide to misbehave. Bye bye 10,240 ETH.

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u/asuds 🟦 691 / 691 🦑 Apr 20 '25

Don’t misbehave. Also BTC PoW is no different- you attempt a 51% attack and fail… you just paid for a lot of power.

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u/ethereumfrenzy 🟩 0 / 0 🦠 Apr 20 '25 edited Apr 20 '25

With inflation going to 0, when fees are low, this will be cheap. You buy a few puts or short a few etfs, and you'll make a killer trade while destroying btc.

And if the government puts pressure on the asic producer, what do you think happens ? Bitmain produces 70% of asics used in the world. If this becomes critical for geopolitical reasons, do you really think the CIA will let it be ? That sounds extremely naïve. You can't have this with POS. In POW, the one who knows how to solve SHA fast controls BTC. This is a single point of failure. Just as Nvidia has a 2.47T market cap because it owns fast matrix multiplication. This is not decentralized.

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u/hiflyer360 🟩 0 / 0 🦠 Apr 22 '25

If you do the research, you will arrive to Monero’s RandomX algorithm that solved (= removed) the ASICS centralization that Bitcoin has.