Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
sirsplashalot
on 19/02/2019, 18:45:21 UTC
⭐ Merited by 600watt (1)
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

This has been said for forever, still nothing. I doubt anything will change.

LOL.
POW is where workers rule.
POS is where rent seekers rule.
You can never create sustainable economy where rent seekers rule!
Ethereum was created as a coin of the people that don't understand monetary theory by the people that don't understand monetary theory for the people that don't understand monetary theory!


I have to agree, who needs another oligarchy when we have the central banking system? Plus you realize the big Ethereum stakers are all ERC20 ICO Poop Coin issuers.