Quote from: philipma1957 on Today at 09:31:16 PM

Quote from: bitquad on Today at 08:48:20 PM

Quote from: sp_ on June 24, 2022, 03:22:27 PM

Quote from: Coinfarm ventures on June 24, 2022, 03:55:45 AM

Sounds like a miner's heaven, but the question is, who will actually use this coin or speculate on it? Don't we already have ETC? That is what actually drives the market cap of coins, which makes them profitable to mine at a large scale like ETH.

If miners go together and dump Ethereum 2.0 POS and buy Ethereum POW that's the only financing you need.. The dumping is already ongoing (to pay the exchanges listing fees etc).. 10.8% of the supply (supporting POS) vs 89% of the supply (supporting POW).

10.8% have already voted POS, and they will loose their funds in the new POW fork..

Didn't you bring out an Ethereum miner? Are you earning fees off other miners? If so you obviously have a biased outlook because those fees would be gone once the switch is made to POS. I am a pool miner myself and have been mining Ethereum for 4 years. But I am not as hysterical as you are with the looming merge and end of Ethereum mining. Get a grip on yourself!

dude pos is an unmitigated disaster about to happen.

you are advocating for 12% of the eth coins to rule over 100% of the coins and all the gear.

and ⅓ of that 12% is one company.

the best thing mr v could do is end pos experiment because too many coins are in one hand.

I mentioned this before, with Bitcoin POW a small percentage of Bitcoin holders are securing the network. Most people have Bitcoin in a wallet and that's it. They are not participating in the network. So your example of 10-12% of ETH securing the network is no different that the current situation with POW Bitcoin or POW Ethereum. There are over 300,000 validators.