Oddbean new post about login | logout I spoke with someone a few days ago who has been holding ETH since 2016. Despite his time in the market he admitted it is speculation and he doesn't really believe in ETH. He is just waiting for a big pump to exchange it for BTC. This is the fate of all digitally allocated capital. How long until the pre-mines capitulate?
Shitcoinery will continue until people’s morality improves.
I mined a bit of ETH in 2017 and held and held until I realised that ETH is everything I don’t want in my world. Vitalik tells them what to do, centralised, no anonymity, now working with the feds and big tradfi. So I happily exchanged for BTC one day and have never looked back or regretted my decision.
I am sad for those who will fall for the scam, but I love PoS. First for the acronym and second for the global economics lesson. The higher they pump their APR the faster BTC will vacuum it up.
As it was before that they just changed the consensus to suit them anyway, this is the universal problem of all altcoins. They have leaders and early adopters who control the protocol and are not incentivised to be just.
Agree completely. Always been a dump on retail scam. PoS just lets them keep dumping longer
Agree completely. Always been a dump on retail scam. PoS just lets them keep dumping longer