Oddbean new post about login | logout #Ethereum Ethereum Spot ETFs To Be Approved? https://m.primal.net/IJUE.mp4
if it gets approved, that should speed up the inevitable crash vs bitcoin
How so?
I believe what he means by this is the difference in the two protocols. Ethereum being proof of stake and Bitcoin being proof of work. Proof of stakes core principles (infinite supply, no halvings) will enable whoever is mining the most Ethereum to have majority control over it's network, in due time, that is. That and coupled with the depreciation in value of the fiat currencies that are used to buy ETF shares. That will lead to a massive increase in the current supply. It seems like a lose-lose scenario, imo.
The suits and boomers have yet to learn the way retail did, that all they are is exit liquidity for the pre-mine allocators
An ETH ETF is an attack on bitcoin, likely from Elizabeth Warren. Its aim is to distract from BTC, rug pull, and thereby scare people from BTC.
Unfortunately, Proof of Shit is likely to stick around for a while. Some people have to learn the hard way.