This chart shows Ethereum's sharp drop in value against Bitcoin since switching to proof of stake with The Merge. This change led to a steady decrease, showing that investors lost trust and Ethereum's value fell continuously. It highlights a big mistake in Ethereum's strategy, making it much weaker compared to Bitcoin. ETH baggies, a sincere question, how are you coping with this and what mind games are you playing with yourselves to convince yourselves "this is OK"? ETH's production price has gone down by about 99% since the switch. Even $5 is too much.
>>59605468I'm so fucking depressed. ETH is my entire net worth. I would kill myself but I'm too much of a pussy to pull the trigger.
>>59605523I'm really not trying to be mean, reality is harsh. I feel bad for you guys. I do suggest that at the end of this bull run, when/if the ratio is more favorable that you convert to BTC. I'm having trouble understanding the logic of having held so long though. Surely a few weeks or months after the merge, looking at ETHBTC ratio, you should have noticed that it's performing quite poorly? I am legit hoping for a decent ETHBTC bump, so the smarter, less dellusional ones can exit. I explained to my friend in detail why ETH is poised to go to shit compared to BTC right before the merge, he did not listen. I feel bad for him. I would like to say "convert to BTC now", but with such a shitty ratio, and the true bull run ahead, there's good odds of a more favorable ratio. Regardless, a new cycle will start again around 2028, by then, you really should probably exit all ETH positions forever. Genuine best of luck to you ETH holders. Also, dont consider killing yourself, as I said, there will be more cycles. Don't give up yet. People have recovered from worse. The future can be bright, if you make it so. Do not get demoralized. However, do not hold ETH forever either.
Very well, The two reasons for swapping to Proof of stake was, Quantum proofing the consensus mechanism, and to combat the threat of ASIC miners which centralize production of blocks. Until the very end ETH was mineable with GPUs and ASICs were beggining to merge. Switching to POS comes at a cost, you see a "certain country" had already invested heavily into the production of Ethash ASIC chips a year ago, and they were really really mad. They have been suppressing the price of ETH ever since (and chainlink for being pro POS) and subsidizing BTC which they control the means of production. Luckly most real Etherians are well connected and know about the manipulations, and using DeFi have profited heavily even outpreforming just holding BTC.
>>59605468>eth fudWe're so close to the super rally :')Thanks for the signal.
>>59605468it mean "investors" buy better when it "cheap"
altcoiners were told a simple fact:pow is all that mattersand guess what, bitcoin has the strongest network on earth backing itdo the fucking math
>>59605468Yeah, I'm really kinda pissed I fell for the scam. Right before the ETH ETFs were going live in the U.S., I converted a small amount of BTC to buy 1 ETH. Since then, BTC is up about 48% and ETH is down 6%. At least it was only 1 ETH and not a shitload, but still.A few years ago I almost converted 1 BTC to 3 ETH but the country I was living in had exactly two exchanges and only one of them allowed ETH, and those fuckers refused to approve my account, so I sat back and seethed while ETH outperformed. Now it's literally back to where it was then -- 32 ETH for 1 BTC. So I guess I should at least be glad I dodged that bullet.Anyway, Vitalik can keep hacking away at his high school science fair project for all I care. I hope you guys weren't counting on it to preserve or increase your wealth. Glad I was a Bitcoin maximalist, sad and ashamed that I bought the also-ran shitcoin. pic unrelated but BOOBA.
>>59605600People have been saying this for the 2 months and more that I have been shtiting on proof of stake vs proof of work. I've seen this response 100 times already, yet it has made many lower lows since then. Some random guy shitting on the logic of holding a certain coin doesn't mean much in the end of the game, anything can happen, but seeing THIS as a bottom signal is peak delulu. I don't feel bad for people like you, you are like moths flying into fire. I only feel bad for those who understand it wasn't the right choice, and no longer hold dillusions of grandeur against BTC, big daddy, king of work.>>59605592> Quantum proofing the consensus mechanismETH is more decentralized now than when it was based off work. You prefer centralization if it's paired with "quantumn proofing"? Illogical, but OK, but how exactly does this quantumn proof the wallets, if you don't mind explaining?> the threat of ASIC miners which centralize production of blocksInteresting, I did not know that ASIC miners were beginning to emerge. I researched this to verify, and you are indeed correct. I see the logic, although I disagree with the choice. There's two paths for proof of work, not one. The second path would be, if ASICs started to emerge, to change the algorithm into something that ASICs can no longer mine. How long untilt hey cracked a way for ETH to be mineable with ASIC? A decade? Why couldn't they just make a new method reliant on GPU, instead of just raising its hands and saying "OK POS LOL".> you see a "certain country" had already invested heavily into the production of Ethash ASIC chips a year ago, and they were really really mad. They have been suppressing the price of ETH ever since (and chainlink for being pro POS) and subsidizing BTC which they control the means of productionSir, all do respect, I appreciate you voicing your opinion in an elaborate manner, but this line is kinda "out there". Even if part of it is true, it's most likely (small cont)
>>59605672>yap yap yapDidn't read. Just wait literally like six more months.
>>59605468>>59605523>>59605577>>59605592>>59605600>>59605602>>59605649>>59605653>>59605672Well miners pay shills all over the internet to shill btc and shit on eth. They used to promote both. That's the only bad thing from the switch. But the I think 52 million sell pressure per day that miners dumped more then stakers is gone now.Also fuck you boboanus poster you insufferable cunt
>>59605468>post hoc ergo propter hoc fallacyOkay Cleetus.
cont>>59605672What makes more sense to you, that a bunch of investors are so cactusbuttblasted that they went out the way to invest unimaginable fortunes to surpress the price, OR, that considering they believe in work so much they made ASICs for it, that they'd put their money into BTC instead? Do you genuinely think some shadow entity is more responsible for market price than the market itself? Sir, you have said things with acceptable logic that I didn't agree with, but the logic here very weak and should not be considered to great value.> and subsidizing BTC which they control the means of productionThe logic here is quite peculiar as well. It is in their interest over the long term to increase the hash rate. This both increases the production price, and they can even make a profit from selling the miners, while not having to pay for electricity to increase the hash rate. They could sell these miners at break-even and it would still pump their bags. Regardless, the free market dictates that they shouldn't have too much power, there are many different companies making the miners, some do it just to sell for a profit. Crypto is a dog eat dog world, I don't see a "lightbulb cartel" as very likely, although it is possible.> Luckly most real Etherians are well connected and know about the manipulationsUgh, more delulu. I'm sorry to say this, it is not personal. But this is like believing in unicorns. Fairytales. You need to look at things purely from an economical perspective, not very strange, illogical beliefs. At least I think so. >>59605649Based, simplistic, logical perspective.
Proof of Stake is, and always has been, proof of scam.Thanks for playing.
>>59605694>Also fuck you boboanus poster you insufferable cuntAww, you made me smile. I'm still smiling. Your anger is humorous. I am only trying to have discourse and share logic. >>59605653Based boobaposter. Happy you got "bad luck" with buying ETH.>>59605693> Didn't readHonestly, respect. Godspeed.>>59605700Whoever shorted the week of the merge could leverage short 10X on ETHBTC and keep the position open until now with no significant retracements. I don't think you understand how correlated this dump was to the switch to POS. >>59605724Most based poster so far in this thread.
I don't look at it from the tech perspective, I look at it from the community perspective. ETH was originally the only defi gambler option available. It pumped bigly because of that. Then BNB came along, while ETH lagged. Then a few other shitchains like FTM and Avax while ETH stilled lagged. Then SOL basically took the place of ETH as shitcoin central for gamblers. The question now is what can ETH do to justify its existence when any other random shitchain is capable of performing its function as defi gambler chain at less cost? Security isn't relevant - if you want security, use a centralized banking system. Tech isn't relevant either - when transactions still cost $10 for a swap, it can't perform anything at scale. What does ETH have, then, here in 2025?
>>59605760I think they overestimated how cult like the majority of their following is (not at all cult like). Though clearly there's plenty of zealots, as anywhere.
>>59605592This why I just buy hedera.With 50% in unknown it would be better just to get xrp
>>59605760I am waiting for them to announce ETH ETFs will be allowed to take on staking derivatives.Then I am selling and never looking back.
It's not so much POW vs POS, it's more than smart contracts had plenty of time and never took off. Kleros is a perfect example. It even makes subjective smart contracts enforceable on chain, but kleros court is a JOKE. Then there's the fees to even use the ethereum network which is a huge friction point. Why would I use a smart contract to hire someone to develop a website for me when I can just go to a reputable web dev with lots of good reviews? The cost of gas alone makes paying with ETH a retarded idea compared to just using paypal or LTC or something cheap.The biggest and best use case for smart contract platforms is memecoins, of which Chainlink is one! Nobody needs oracles when nobody's even using smart contracts!Even bitcoin, shitty oldcoin bitcoin, is only taking off because it's FINALLY seeing mainstream investment interest and accumulation, but at the end of the day institutions are going to be left holding the bag when everyone realizes you can get the SAME blockchain cryptographic security with a fork (like LTC) or an upgrade (like XMR), and that the relatively lower fees mean it's far better to hold and use altcoins rather than arbitrary 1MB blocksize bitcoin.Eventually the government will bail out the investment companies and be the ultimate bagholder, accumulating all the bitcoin at ever shrinking valuations. Actual commerce will move on probably to XMR or XMR forks if XMR ever gets too centralized.
>>59605592tell me more senpai
>>59605753Kys you are as far away from logic as you can be, you only shill your bags and bend your "logic" to fit.Also muh anger i angred you a lot months ago aswell lol
>>59605753>>59605827Also you ignored my argumentsWhats about the drastic inflation reduction?Whats about the miners paying people to shill?
>>59605468It's mostly just gotten cucked out of all the gains it would have made this cycle by Solana.
>>59605830>>59605753Also i outperformed Bitchud anyway by swinging with truebit which has a minimum price in Ethereum so you can sell all bounces and buy the minimum price
You know how fiat currencies are designed to transfer wealth, but they can't do it too fast or be too obvious or the people being stolen from notice and revolt? ETH has been wildly successful, the people dumping on the baggies are making money faster than they would have if they were holding BTC and can probably beat the market for many more years to come. It's doing great.
>>59605843>>59605753Here is me shilling this in 2022And dont get me even started on big airdrops like tia arb and op
>>59605694>52 million sell pressure per dayto it all belongs to Vitalik
>>59605694>Well miners pay shills all over the internet to shill btc and shit on eth.LOL, ETHer addicts actually believe this.
>>59605865NO YOU LYING SCUMIt was the miners dumping. Why cant Bitchuds just for once say the truth?
>>59605868It was admitted on twitter in 2022
>>59605887explosion of Vitalik`s slave, >>59605602
>>59605801I really couldn't give two shits about your contracts pitch. Sorry. Also, BTC doesn't need institutions or any of that shit, in general the price has significant correlation to production price, this is the main factor, as well as the main reason that the halvings cause these bull markets. The arguement they can fork something like LTC and that it would keep its value despite a 99% or so reduction in production price is hilarious. Look at what happened to ETH. >>59605827>>59605830You're slowly starting to come over as insane. May I ask you to keep the discourse civil, I don't mind the offense, I just think it's standing in the way of discussing things. Perhaps you could voice your arguements better if you were more clear headed? > Kys you are as far away from logic as you can be, you only shill your bags and bend your "logic" to fit.I see myself more like a kindergartener trying to teach kids not to make dumb decisions.> Also muh anger i angred you a lot months ago aswell lolNoone has ever angered me on 4chan. I come here expecting the worst behavior. > Whats about the drastic inflation reduction?If it was a valuable choice the price would have reflected it. It wasn't. Remember "muh tripple halving"?> Whats about the miners paying people to shill?Even if it's true, I really don't care. It's a dog eat dog world. Are you the guy who posts this in so many threads? What does it matter? There's more people fudding BTC than any other shitcoin, yet it towers over the rest. Basing an opinion on there being an opposing group against something, and "thus the group must be evil and we must support what it opposes" is insanely absurd. I genuinely believe you have mental issues. Please do not take this as an attempt to offend you, but to try to work on your mental health. It's not easy but if you do your best, you can get mentally healthier by a LOT, without the help of anyone! Good luck!
>>59605909YOU ARE A LYING PIECE OF SCUM IF YOU CLAIM MINER REWARDS DID NOT EXIST
>>59605851>>59605887>>59605891>>59605917Sir, can you really look at your posts, and not think even for a second "maybe I need to work on my mental health a little bit"? Forget who is wrong or right, do you think it's affecting your mental health positively to get so upset over trivial things? Also ask yourself perhaps, what further steps you can take to be of mental health?
>>59605917now all rewards belongs to Vitalikit low cose "investors" buy better when it "cheap"read the infographics: >>59605602
>>59605912>If it was a valuable choice the price would have reflected it.Clearly some other factor was biggerFor once sell the newsThen the death of DefiThen the Rise of JewlanaAnd the Miner shillingAs the other guy said you have this fallacyEthereum would have lost to Bitcoin maybe evn more with pow>>59605912>There's more people fudding BTC than any other shitcoinNot true, especially most eth guys always used to support Bitcoin until Bitcoiners started the nonstop fud with the merge, which means Bitcoin shills seems to have connections with miners>>59605912>Basing an opinion on there being an opposing group against something, and "thus the group must be evil and we must support what it opposes" is insanely absurd.You are assuming things i do not do. I just said the reason it performs worse is not pos which only makes it perform better, it is if anything the fud from greedy miners.>>59605912>mental healthIm fine i just cant stand blatant lying like here >>59605865Also im in rage since i shorted xrp when the sec news came out and now the schizos pump it like their useless coin is worth more then a few cent
>>59605930>now all rewards belongs to VitalikNOVITALIK DOESNT EVEN STAKE 1 ETHEREUM!!!!!!!!!!!!!!!!!HE GET ZERO STAKING REWARDS WHICH ARE MUCH LOWER THEN MINING REWARDS
Kek, love the thread Mr. Rekt. Always clown on the ethbaggies. I think we've talked before in your boborekt dailies before about the fact that ETH will still pump because of cycle and hype and the collapse of the short others/btc trade, obviously, but ETH has been sorely depressing this bullrun. I don't know how anyone can fail to notice this glaring truth.Once ETH went PoS it had absolutely no differentiating factor between a scamcoin.Hope this market can forget already about ETH and leave it in the gutter. Honestly just let XRP flip ETH and have it be the alt season starter. I'm so tired of depending on a piece of shit POS to pump so DOGE can stop being supressed.Anyways, good thread Mr. Rekt, godspeed.
>>59605928>Forget who is wrong or rightNever
>>59605957>Once ETH went PoS it had absolutely no differentiating factor between a scamcoin.And the next bullshit shitter on miner payroll (or just someone who reposts their talking points)Also note im not a baggie since i still outperformed Bitcoin over the last year even tho not in 2024>>59605843
>>59605970*years>>59605956This was a fud btw>vitalik doesnt stake>never stake you will lose all
>>59605970Brother, nobody cares about your shillcoin spam. I have been seeing it since like a week or two ago. You shitcoin fags are unsufferable. The truth is the vast majority of ETH holders have been outperformed by literally everything up until now, specially SOL. If you've outperformed the average ethbaggie by swinging a shitcoin, good for you, but nobody cares because what's being talked here is ETH.also>13 posts by IDget a grip pal. ETH is going to 0 sooner or later.
>>59605948> Yadda yadda chunk #1Certainly some of these things, have had effect. So what? Medicine kills people, it just saves more than it kills. I am not trying to portray BTC as an angelic entity. Merely explaining that the rules of economics apply more than anything.> Not trueMaybe not on /biz/ or on crypto circles, but it's the one every normie knows. To be hated by many, you must be known by many, and BTC is the most known shitcoin. I very rarely hear anyone outside of crypto circles ever mention something like ETH, SOL or any of that shit.> it is if anything the fud from greedy minersYour logic boggles my mind. The coin switches to proof of stake, the ratio vs big daddy king gets shattered, and you think it's the miners? Do you know the entire point of BTC's proof of work was so that they CANT just print money without having to spend significant resources on it? BTC escaped weird ass worthless money, and ETH went bank to monke, closer to an entity that prints money at barely any cost. >>59605948I think about shorting XRP sometimes, but I won't do it. Zooming out on the monthly you see a huge correlation to BTC price and shorting was far too risk because BTC's run still has a lot of steam. I wish you good luck in your short, genuinely, because I hate XRP. I hope it goes to zero.
>>59605912>It's a dog eat dog world.Also whats with this mindset?You guys really think by endless biased shilling on this dead forum where 80% cant be convinced by a new coin anyway does anything to your 100 billion + coin?Why not openly discuss from the start without bias? That means necessary to admit the other side is partially right sometimes. But i saw endless amounts of posts from you and you never criticised Bitcoin or called another coin better at something.Not even Monero which is clearly superior in many ways
>ETH is going to 0 sooner or later.When stablecoins are already almost 200 billion secured by eth? When aave tvl skyrockets? When the usa president buys Link?See >>59606018
>>59605957Admit it, the guy who is very mad is your main source of amusement here in this thread.Historically, and cyclically, the ideal sell time is 550 days after the halving. There is a lot of time still left, do not focus too much on the market. It's going to take 6-12 months by my estimations. Perhaps we might even enter an extended cycle with no real dump and more stable longer term upwards directions. Pic related shows a cyclical, X, Y days long, short system based entirely on days amount relative to last halving.>>59605964If your mental health is at stake, wrong or right about what this Mongolian basket weaving forum considers as the best basket weaving strategy no longer matters. Priorities.
>>59606003>Maybe not on /biz/ or on crypto circles, but it's the one every normie knows. To be hated by many, you must be known by many, and BTC is the most known shitcoin. I very rarely hear anyone outside of crypto circles ever mention something like ETH, SOL or any of that shit.Outside of Crypto they fud Bitcoin and mean Crpyto or dont know anything but i mean inside>>59606003>Do you know the entire point of BTC's proof of work was so that they CANT just print money without having to spend significant resources on it?Ethereum has a lower Inflation. To think you have to work for that is a weird communist view but that aspect i accept and im certainly against pos for Bitcoin
>>59606051>Outside of Crypto they fud Bitcoin and mean Crpyto or dont know anything but i mean insidePerhaps. Been a while since you made a logical arguement. I can see you have calmed down.> Ethereum has a lower Inflation. My farts have lower inflation than ETH, should they be worth more than a dollar?I shall respond in this thread again tomorrow if it is still up. For now, I must stop posting. Godspeed.
>>59606038>Vitalik play with itselfgood luck win em
>>59606069Really no reply to>>59606018>>59606028Bruh
First time I agree with a tripfag. Amazing.I sold all my ETH bag the moment my mining rig became useless. It was a good call back then. 100% in BTC since then.
>>59605468Idk, i am only buying ether in the sharp drops 2980$ eth 3 days ago was sexy, 2200 in aug 1700 2 years ago, 1000$ at the bottom, 500 5yrs ago, 300$ wen everybody thought its a stablecoin, 10$ when i started mining it. If you are an investor not a degen gambler nigger like the "ppl" on this site, then you can do a nice roi on eth and it will go to 15k this cycle btw. It has zero inflation since the merge and the long term holders are accumulating, at least that is the on chain data.
>>59606794>It has zero inflationFor now
>>59605694meds
>>59605468Eth's value is now the stuff built on its blockchain rather than eth itself. Otherwise eth would be a dead shitcoin by now.It's crazy to me that people can look at what happened to eth and still shill for btc to go pos.
>>59605592Dude this is some really delusional coping strategies you’re employing here. Either wake the fuck up or continue to lose money. The issue isn’t that some shadow government is suppressing the price. It’s not even the switch to POS. It’s that it’s a slow, outdated protocol that favors miners over users and they’ve not done anything really innovative for the last five years. It’s just becoming obsolete. Actual users have migrated to SOL. I’m not shilling SOL it’s also a piece of shit and its days are numbered but that’s where the value went, for now.
>>59605468bitcoiners eat steak, shitcoiners prove stake. the result is the DEI woke pattern, also called>limp dick pattern
>>59605948>Also im in rage since i shorted xrp when the sec news came out and now the schizos pump it like their useless coin is worth more then a few centWTFIm in deep red on this short but if i shorted Eth at this point i would have made bank. Despite terrible news for XRP>>59606083Yeah still no reply to this
>>59605468It's really not complicated. Eth was all hype as BTC 2.0 plus the gateway to the shitcoin casino last cycle. Now you can play shitcoins on Solana without retarded gas fees and ETH is no better or different at its core than any of the billion other chains. ETH held shitcoin gamble retail captive , now that they're free ETH is finished and only held up by institutional baggies NFT holder copium. Etherebum is the Blackberry of crypto. I'm sorry.
>>59606003>>59605948ahahahah you seem so naive, all the connections, institutions, goverments, legal documents, central banks what XRP has...and you still decide not to hold it and instead of hyping some ruzzian shitchain like eth
>>59607769>ahahahah you seem so naive, all the connections, institutions, goverments, legal documents, central banks what XRP has...Retard xrp is a genius marketing system and convinced its holders they have that shit
>>59607545Base has still lots of shitcoiningBut yes thats obviously the real big reason, not some POS schizo shit Maxipads come up with
>>59606018>>59606028REPLY
>>59605468and for what? because pos is better for muh environment? nothing changed other than eth bleeding steadily over the years since then.>still stupid expensive to use for no good reason now that it's pos>still sluggish>still getting raped by SOL, TON and other 'competitors'i sincerely don't understand why they changed from pow. i hope someone can redpill me because it seriously feels like i'm missing something.>>59605523unless you bought for 5k years ago you're still in time to come out somewhat unscathed. procastinating and doing nothing about it will not do you wonders. people are now celebrating every time eth somehow goes from 3,400 something to 3,500 for like a day or two before continuing to go down. this is link levels of pathetic. hop on dextools, find something to flip some money with, hopefully recover.>>59605694ever considered people can be critical of whatever you hold without being 'paid shills' or a part of some random sekrit cabal you came up with a second ago? ever considered there's serious room for discussion for things? not everything is a conspiracy anon
>>59609729I will consider replying if you reply about my farts question.
>>59611129Sure but the surge of eth fud was enourmous with the switch and the only reason can be miners
>>59606069>>59611529>My farts have lower inflation than ETH, should they be worth more than a dollar?Do they host and secure erc20 tokens and apps like uniswap and aave?
i can't take this anymore
>>59611532I would argue my farts also perform functions just like the tokens. One of them being smell. Also I need to spend money on diet and chew and digest the food to create these farts. Either way, can these that get create fill the room with pungent beefy aroma?> whats with the attitudeGame theory. Simple as. People who expect only goodness and morality from everyone eat shit in this life. No, i dont think it does much, but I am not trying to pump the price, I am a drop in the ocean, and would be happy with just saving some ETH investors. I am not saying sell now either, but convert to cash or usdt at end of bull run, then a year later rebuy BTC instead of ETH. There is nothiny to criticise about BTC, it performs its functions perfectly.Also I am not the one who said it is going to zero dorra. It should hold in the thousands, even if I think it is not worth 5 dorra.In the end something is worth as much as someone is willing to pay for it, like 500 dorra Belle Delphine bath water.XRP price is currently at 2018 ATH btw, I hope for you it dumps here. Godspeed.
>>59611642>There is nothiny to criticise about BTC, it performs its functions perfectly.Thats not trueTainted coins, Chainanalysis, Santioned Coins are all a problem which is why Monero exists. Yes we need both. And no smartcontracts is the other big thing.And btw a block every 10 minutes with 2008 tech is not perfect.>>59611642>Also I am not the one who said it is going to zero dorra.Actually yes>>59611642Otherwise ok
>>59611704Fren, maxifags won't be convinced. They unironically believe the PoS = piece of shit meme and they don't understand logical fallacies. They're perfect little good goys for the miner cartel and useful idiots for the SOLkikes. It is what it is. I'm stacking ETH at a discount regardless.
>>59611791We are winning, you are losing. Keep that in mind.
>>59611881I'm not losing because I'm diversified. I even have a suistack of XRP which is mooning kek. Regardless, I'm buying ETH while it's cheap. Enjoy BTC's diminishing returns and the inevitable blackswan which kills Solana.
>>59611904 Still at 2018 ath currently, and even it it doubles still, holding BTC has been more profitable than your shitcoin portfolio. BTC is currently 5x 2017 ATH, by the way. Your top performer isnt performing as good as chad maxis choice
>>59611642Also your first paragraph is disrespectful as hell to Ethereum and also bullshit since you can lend and loan bitcoin on Ethereum for example.
>>59605523well you're a retard for buying into PoS so that's what you get
>>59607298SOL is being propped up by the dumbest people alive who purchase memecoins named after sexual innuendo and the entire security budget is funded by massive inflation. I have one MSOL just for kicks but I don't think this party is going to last foreverthere is no reason why PoS would hurt the price of ETH. people say it every day on here but they have no actual reason to back it up. SOL already has an even shittier dPoS. it doesn't matter. the switch to PoS was followed by changes to the monetary policy that cause the rate of inflation to be effectively zero or slightly negative. there are no more ETH in circulation than there were a couple years ago since ETH fees burned equals or exceeds staking rewards. if these changes did not take place, the price performance would be even worse than it is now.there is no reason on paper why ETH's layered architecture is bad tech. base and arbitrum are perfectly capable of being memecoin casinos with high TPS. you do not have to personally download and scan everything that happens on base and arbitrum since they are rollups. you just have to validate L1 with like a laptop from bestbuy to have confidence that nothing bad happened on L2. arbitrum and base cannot actually censor you or hold your money hostage either, as evidenced by sony's failed attempt at censoring a memecoin on the OP stack rollup they just launched this week. there is nothing wrong with the way that ethereum scales.tech and decentralization do not drive any hype trends. they do not create or pop bubbles. we can argue back and forth if solana or ethereum are superior according to technical specifications and it still has no connection to reality.
>>59605801this is also true imo. but the writing was on the wall the years ago. >you can get the SAME blockchain cryptographic security with a fork (like LTC) or an upgrade (like XMR)this is retarded and wrong though
the #1 thing that makes me unable to side with people fudding ETH is the continued denial that transactions are cheap. over 90% of ethereum activity happens on rollups where it costs less than a penny to do anything. stage 1 rollups are not dangerous and cannot steal your money. there are live demonstrations of this. they are perfectly fine. it's not a negotiation where you have to convince anyone that rollups are bad. they have already been adopted by almost the entire userbase. rollups are a done deal.
>>59612880>>59612912Good posts.
>>59605468Yup, based OP.I think we will have a massive collapse in ETH in the next months. This slow bleed will eventually turn into a cascading drop.
Cool.
>>59605523Just trade all your ETH for SOL bro, lmao
