Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
becoin
on 19/02/2019, 18:11:41 UTC
⭐ Merited by JayJuanGee (1)
Quote from: vroom on February 19, 2019, 05:54:44 PM
Quote from: kingcolex on February 19, 2019, 05:50:40 PM
Quote from: wachtwoord on February 19, 2019, 05:42:46 PM
Quote from: kingcolex on February 19, 2019, 05:38:03 PM
Quote from: wachtwoord on February 19, 2019, 05:33:52 PM
Quote from: GHCoins45 on February 19, 2019, 05:30:28 PM
Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

But moving from pow to pos reduces the security and decentralization and therefore lowers the value of the tokens. The logical move would be to sell ETH if you own it.
PoS is a secure method and has been proven we have all seen this, this is a shitty argument. On the flip side I see mainstream investors knows of Bitcoin and Ethereum and also seeing POS as a dividend like system and this leading to an increase in investors buying.

What? Lol no. Ethereum will get more and more centralized, if they adopt pos, and as a result lose security. Distribution is an indispensable property of bitcoin (and ethereum never had enough of it to start with).
POS will only increase the nodes which will in turn increase decentralization. Right now everyone just mines it or throws it on a hardware wallet.

I tried to run a ethereum node about 2 years ago and it was a nightmare. Downloading and verifying the blockchain took ages compared to bitcoin. that was 2 years ago, I don't want to know how long it will take now.

Ethereum blockchain size is currently about 2TB. Nobody is running full node with few exceptions mainly institutional eth bagholders. This altcoin is already dead. Move on, nothing to see here.