Quote from: tvplus006 on Today at 09:55:03 PM

Quote from: WilderX on Today at 09:25:55 AM

Sorry guys but the ETH price is going to tank hard, because now it costs almost nothing to create more ethereum big wallets can just create lots and lots of new ETH by just holding/staking them...
It used to cost a lot of energy to create one ETH when it was still Proof of Work. But now it's next to nothing...

That's not how it works at all. After the network has switched to POS, validators receive a reward only for confirming new transactions. Accordingly, the number of new coins has been sharply reduced, since there is now no reward for miners. And now, taking into account the coins being burned, after the London fork, Ethereum will become deflationary.

If this really happens and if there is a huge drop in its price, I'll be expecting more investor to sell their ETH for other potential projects. And I was thinking now for Solana to rally up.
Well, anyways, I know Mr. Vitalik knows the consequences of this and might also be aware of the current situation. Might this merge is a success story for ETH or not, but there is one thing I really see from the community - they are somewhat worried about the recent drop that might think and results in a negative impact on its market reputation.