Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 19/02/2019, 22:35:35 UTC
Quote from: becoin on February 19, 2019, 06:29:14 PM
Quote from: goldkingcoiner on February 19, 2019, 06:20:14 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

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!

In other words, POS and ethereum is/are a ponzi scheme...

Can make a lot of money, as long as you are in early...  Cheesy Cheesy Cheesy Cheesy

Personally, I am not interested in playing such a game, but there is about 99% of the world's population that has not yet been tapped, and plenty of them would like to attempt to get rich quick and don't mind gambling to attempt such richness, especially if they don't know what they do not know.