Post
Topic
Board Altcoin Discussion
Re: Insignificance of the etherum fork
by
sana54210
on 11/01/2019, 15:01:25 UTC
To me, The Ethereum  forks will happen but to me it is insignificant with little effects cos, they have already used the fork news to achieve their aims by pumping ethereum  the last time.

But what do I know as a newbie. ?
The reason why they moved from PoW to PoS wasn't just pumping the price, that wasn't the goal AT ALL to begin with. The reason why they moved to PoS was to stop people from selling ethereum all the time. Now when you have miners they mine ethereum and sell it afterwards right away which makes the price go lower since you just have no buying in that scenario, they just mine it and not buy it but still sell it which makes price go lower.

Whereas during staking you have to buy and you can't really sell because if you sell your coins you can't make more of it so you have to constantly keep them in your wallet unless you decide to not stake anymore. That way ethereum will have a lot of people either buying or holding thanks to PoS instead of having people not buy ethereum but still manage to sell without buying making the price go down.