Bitcoin Forum

According to the Cardano Founder...

https://www.thecoinrepublic.com/2022/06/14/cardano-founder-announces-ethereum-2-0-is-not-as-early-as-you-think/

Then Ethereum should be ready to lose its 2nd rank on coinmarketcap because its getting way too long and the more delays the more better ETH killer will be made, maybe, just maybe an ETH killer will become a reality this time around.

After Ethereum's planned brutal attack on POW it will lose it's 2nd rank anyway.

Will Cardano take second place on Ethereum? :)
What will we discuss after Ethereum stops using miners? Miners, miner developers, pools get $13 million every day. This is a big loss for most people. And with the price of ethereum over $ 4,000, this amount is about 50 million :'(

Security is expensive. POS doesn't work, And fakedollars (Stablecoins) that base their security on POS based based systems will hurt the most.

And if the first 3 pools want to make an attack?
https://miningpoolstats.stream/ethereum
POW mining also does not provide security for a coin if 3 large pools have a hashrate of more than 50% of the entire network. Mining is not as profitable right now, so reducing spending by $13 million per day could increase demand for the coin.

What eth dev scammers want to do is keep those staked eth locked as long as they can because if they move to pos, people will want them to unlock those staked eth, meaning, they dont want eth to crash below 500 usd, because if they unlock then eth will crash around 300 usd or even less, so unlocking those staked eth before the next bullrun, at pre bullrun, will give them time to contain the crash while eth 2.0 will give them hype in order to make sheeps to buy in and rise eth price, they can manipulate the market as well by buying before anybody else cheap eth and then dumping it later on. All in all, eth dev scammers can do whatever they want and idiots who staked their eth cant do anything, even if eth crashes below 300 usd, do not invest everything in it, 20% is good, it might sound crazy but things happen and eth might even crash below 100 usd again, forks are dangerous, reason btc still strong is that it rarely does hard forks, meaning less chances to break something up on the network and crash because of that. Anyway, all this is a pump and dump scam cycle and how do we know it? Did btc crash below previous ath? yes, so that is the answer.

Controlling the largest pools is not enough, you also need to control more than 50% of the mining software used. And you need to control it over a long period of time.

He is a competitor to Ethereum. And still jaded after being kicked out of Ethereum. Eth 2.0 will come out when the developers are ready, not when Hoskinson thinks.

I don’t think it will be 2024. Maybe end of 2022 as the latest. The issue with crypto taking a dump is that many of those developers from ETH probably had tons of investments in other coins and tokens that they might quit developing to get a coding job elsewhere.

I am sure many of those developers had lots of money in Defi, stETH, NFTs and other alts. They lost tons of their network and might need get another job to support themselves. So I can see delays in their plans.

The so-called big loss that you are talking about will get worse when Ethereum goes PoS algorithm, Ethereum is no more decentralized from that point on and also it will lose its security in some ways, people don't really understand the value of PoW algorithm and what it adds to projects.

Ethereum has over 300,000 validators on the Beacon Chain. 3 mining pools can theoretically execute a 51% attack on POW Ethereum. And 4 mining pools can theoretically implement a 51% attack o Bitcoin. Sounds like the validators might be more decentralized?

Network             Validator Count   % of Supply Staked
Cardano (ADA)                   2,977   69.60% of 33 billion circulating supply
Avalanche (AVAX)           1,199   49.38% of 246 million circulating supply
Ethereum Beacon Chain   309,169   8.2% of 119 million circulating supply

300000 validators, but if one validator or a group of validators control 8.3% they can theoretically execute a 51% attack. with only 8.3% of the network. An attack on ethereum will not only affect Ethereum, but also all the other coins that base their security on the ethereum. Coins like Tether (68BUSD) , Usd coin (55BUSD) and other stablecoins.

How can you do a 51% attack with 8.3%? That makes no sense at all. You need 51% to make a 51% attack. What's your source for that 8.3% claim?

https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/#:~:text=in%20its%20history.-,Proof%2Dof%2Dstake%20and%20security,ETH%20(about%20%2415%2C000%2C000%2C000%20USD).

PROOF-OF-STAKE AND SECURITY
The threat of a 51% attack still exists on proof-of-stake as it does on proof-of-work, but it's even riskier for the attackers. A attacker would need 51% of the staked ETH (about $15,000,000,000 USD). They could then use their own attestations to ensure their preferred fork was the one with the most accumulated attestations. The 'weight' of accumulated attestations is what consensus clients use to determine the correct chain, so this attacker would be able to make their fork the canonical one. However, a strength of proof-of-stake over proof-of-work is that the community has flexibility in mounting a counter-attack. For example, the honest validators could decide to keep building on the minority chain and ignore the attacker's fork while encouraging apps, exchanges, and pools to do the same. They could also decide to forcibly remove the attacker from the network and destroy their staked ether. These are strong economic defenses against a 51% attack.

51% attacks are just one flavor of malicious activity. Bad actors could attempt long-range attacks (although the finality gadget neutralizes this attack vector), short range 'reorgs' (although proposer boosting and attestation deadlines mitigate this), bouncing and balancing attacks (also mitigated by proposer boosting, and these attacks have anyway only been demonstrated under idealized network conditions) or avalanche attacks (neutralized by the fork choice algorithms rule of only considering the latest message).

Overall, proof-of-stake, as it is implemented on Ethereum, has been demonstrated to be more economically secure than proof-of-work.

PROS AND CONS

Currently only 8.3% of the total ethereum supply is staked ETH. You only need 8.31% to do a 51% attack. If the price continue
to fall, the network will become less secure..

That's not correct. Only the staked ETH will be validators. Just holding ETH in a wallet does not mean you would be validating transactions. You would either have to setup a 32 ETH validator or join a staking pool if you have less than 32 ETH to stake. IF you have 500 ETH and want to do solo staking you would have to setup fifteen 32 ETH validators. The remaining 20 ETH would have to be staked on a staking pool.

And currently 10% of ETH is staked, not 8.3%. It has increased.

You would need 51% of the 10% staked ETH to execute a 51% attack. There are over 300,000 validators. You would need to control more than 150,000 validators for a 51% attack. And doing this would mean your ETH could be slashed if you are a dishonest validator. Bye bye your funds.

Source for that?

Except that the three pools lose money making an attack so why do it?

Face it POS = piece of shit

and with the entire crypto market unwinding the fear of POS is greater.

So with luck My gpus which have been mining will keep mining and eth will not go pos for 18 months or more.

You would lose money attacking the proof of stake Ethereum chain also. Dishonest validators get their ETH slashed.

Is Cardano the closest to Ethereum? I think its Avalanche, 🤔 anyways which ever it is I planned to become rich and the only way is if BTC goes down to 10,000$ and Ethereum goes to hundreds once again.

This of POS as a voting system. currently only 10% of the supply is supporting the transition to POS and end of POW. we will end up with 2 coins. Ethereum POW, Ethereum POS.

What percentage of Bitcoin holders are miners? Probably less than 10%. Not everyone is needed to stake Ethereum to secure the network. In the same way that you don't need 51% of Bitcoin holders to be miners.

There are currently over 300,000 Ethereum validators.

If that happens we all know who will win and I hope it ends like that if the devs really want to move to POS,one of those coins will be called Ethereum 2.0 inevitably but not for long as if they are divided one coin in POS and the other in POW we all know the lot of flaws in POS coins and most probably the POS version will end up in the trash pretty quickly.

I never thought of this scenario which I am liking and this should be a great problem solving regarding mining and moving to POS.

Ethereum POW=Ethereum Classic.
Why do we need another worthless coin?
The NVIDIA GeForce RTX 3090 profit is $1.24 ($0.05 per kilowatt). If the new Ethereum2 POW coin costs $100, then the profit with the TOP GPU will be 12 cents.
What if Ethereum2 POW costs $30 or less? :'(

A rebel fork testnet has successfully been launched. With 100% of the nodes working as expected. Ready to be deployed.

1. The Ethereum POS stake holders funds will be vaulted.
2. The difficulty bomb has been removed.
3. The London fork burning code will be reverted.


The rebel fork will be supported by some of the biggest exchanges in the world.

The rebel fork will be supported by all the miners in the world 100 million++, all the miningpools, all the miner devs, And big companies like NVIDIA and AMD.

The best news of the rebel fork is that Vitalik Buterin's funds will be deleted. Together with all the POS lovers. Slava Ukraine!

All ethereum holders that haven't locked their funds will receive the same amount ethereum in the rebel fork. 1:1. The Implementation is done by a team of old Bitcoin devs.
You will get Ethereum lightning, dynamic blocksize to avoid expensive gas price (gwei) (We don't like that people in power control the gas price ), adding ethash+gpu minable randomx POW to avoid  asic attacks, refactor codebase to avoid buffer attacks- +++

https://cloudfront-us-east-1.images.arcpublishing.com/coindesk/2BFZCHTL6VHVZF5MIM64G6HCMU.png

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.

Where can I find more information about this rebel fork?
Google search doesn't help.

This is the first time that I have heard about eth rebel hardfork.
Can you give us more informations about it?

Ethereum 2.0 will fork the network, and they have implemented a difficulty bomb which will end POW. With a small modification of the wallet code, ethereum will still be minable. Solominers, Pools and exchanges would need to update their wallets.
Another Ethereum Classic, another Team. I am a coin dev and a miner dev with 9 years of blockchain experience, and my team is strong. I have also previously announced that I will create a new coin here on bitcointalk.

We will end up with the POW fork "Ethereum", and the new POS fork "Ethereum 2.0"

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..

Please give a link to the rebel fork website or community. My search engine does not return the required information.
I am not against this fork, but the price of this coin is important for all miners.
Will all ethereum coin holders get rebel fork coins?
121 million coins is enough to drive the price of the coin very low.

We are a group of devs, The name of the coin, launch date and www depends on the Ethereum Team and what they do.


At launch all Ethereum holders that haven't locked their funds for staking will receive the same amount of ethereum as they own. Currently this number is 89,2% of the supply but this it is expected to decrease if more users join the ethereum 2.0 staking pool.
Hard to guess the price, it's up to the market to decide.

That is the billion megahash question. The market cap of the rebel coin * the emission rate. What if you increased the block reward to 5 ETH?
But sounds like a plan and thank you for the effort. Let's go!
The more market cap it takes away from Vitalik & Co., the better.

Why not 200 ETH reward for a few days.

1. When the Difficulty bomb kicks in the POS fork,  the rebelfork can increase POW reward to 200 eth per block for a few days. (100 times more profitable)
2. Miners will leave the POS fork to mine on the more profitable POW fork. Causing collapse (extreme increase of blocktime) and panic in the POS fork.

Or a dynamic reward calculated from the blocktime in the POS fork.

15 second blocktime in the POS fork 3ETH reward in the POW fork
20 second blocktime in the POS fork 4ETH reward in the POW fork
25 second blocktime in the POS fork 5ETH reward in the POW fork
...

How will this be performed exactly. From what i understand when the POS merge is finally decided, they will release an update and that update will have a block number where the fork will take place. All pools, exchanges, clients, wallets will run that new version.

So miners who don’t want POS will stay on the old version, there will be a split in the network when the block number is hit. However the issue will be the difficulty bomb, eventually it will slow down the network. So some devs will need to code it out and then have everyone upgrade their clients.

All pools will switch to the rebel fork client or shut down. Exchanges will support 2 coins. Ethereum POW (existing chain) Ethereum 2.0 (POS) the forked chain. With the difficulty bomb still inplace in the POS chain, there will be a period with 2 minable POW chains.

This work for me.

I remember when ETC was born, was actually right when it was listed on Poloniex. It started trading on there and surprised many people and miners started to mine it again because the profitability was much higher due to the lower difficulty.

So all of this is possible, however it will need a listing at a decent exchange. I think if Binance were to list it then it has a good chance of pretty much becoming Ethereum Classic Classic. However the challenge will be if exchanges want to get involved in this, they probably don’t want to get in conflict with the ETH dev teams.

I don't see how Vitalik or the dev team could punish these exchanges.

Do you understand that this can be fatal for your coin?
Ethereum coin owners will immediately sell your coin and the price will be very low. Miners will not be interested in mining your coin, and you will have problems with 51% attacks, as was the case with Ethereum Classic

It could be fatal for the price of Ethereum 2.0 if 25% of the supply is sold to support the Ethereum POW fork.
Guessing the price at launch is impossible, but there are more than 1 million users with a balance is more than 1 ETH. Some will buy, some will sell.

Why sell if his coin succeeds the upside is huge.


Here is some simple math .

Eth hash rate is 1.18ph according to coinwarz.

so     1   x 3080    = 100 mh
and 10   x 3080    =  1gh
and 100 x 3080    =  10gh
and 1000 x 3080   =  100gh
and 10000 x 3080 = 1th
100000 x 3080     = 10th
1,000,000 x 3080 = 100th
10,000,000 x 3080 = 1ph.


11,800,000  3080's would be the network

pretend 3,800,000 = asics

so 7,000,000  3080's are all the gpus mining

sp_ did not say if he would allow asics to mine

but if he did it is good for bitmain.

So AMD + NVIDIA and BITMAIN all benefit from his idea.

oh and intel is getting in the game.

What are those companies worth ? close to 1 trillion last I looked.

How about they buy from the fools looking to sell off the "new" eth coin.

12% of eth is by foolish pos piece of shit believers

and ⅓ of that is held by 1 company

so 12 x 121 mill = 14.52 mill coins
⅓ by 1 investor =  4.79 mill coins


value of the 12 % is 1,724,400,000
value of that 1/3 is   574,800,000


value of 7,000,000 3080's is 630,000,000
value of the asics is maybe 300,000,000

and I mine I have some eth I hold not to count the infrastructure I have the cpus the psus the mobos the cooling fans the building

I am only 10gh but why not fight eth and mr v by supporting mr sp_

the only ones at risk are stakers.

btw. 32 coins is now only 40k to risk.

I have far more at risk in my gear than a 32coin staker.

My main point is the stakes coins are not much value anymore 1.7 billion is not a lot.

All of you guys talk about the new coin fork from ETH without the PoW diff bomb seem unlikely to be successful. Sure, you guys can implement that but the legitimate for it will be your main obstacle. Since if you can do it, many others will do the same. This leads to fracture and the PoW supporters will be split among those forks. While the real PoW of ETH stuck in the diff bomb, either forced to upgrade to 2.0 or suffer the unprofitable.

The same arguments have been used before. Look at Dogecoin. The market cap of Doge is now bigger than Litecoin (the forked coin) . We don't want to join the POS experiment, so we simply move to a more stable, secure and advanced technology POW. By forking, we can remove the whole management of the coin, the devs and the assets of their supporters.

Then we can push the coin in the right direction.  


So the 11.8% who have locked their funds in Ethereum 2.0, will loose their coins in the new Ethereum.

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.

and your currency? where is the link that describes about it?

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.

But who is securing the price?
What if If 88% of the coin holders sell Ethereum 2.0 and buy Ethereum POW.

well..

ETC emerged during a hacking issue, but this new ETH POW will emerge in ETH POS (100% transition).

I think there is enough reason to fork.

I'm a miner, there is also a bias but i'm a shitcoiner too so either way i'm fine  hehe  :D

I remember back in the days when Ethereum was a shitcoin. We mined a shitload of Ethereum when the price was $1-2 on the exchanges.

Now Ethereum is converting to a Piece Of Shit coin (POS), I expect the price to crash. Let's wake up those old wallets and sell.. The dumping has already started...

Ethereum foundation announced 100% shift to POS in 2021, when 100% POS platform blockchains like BNB, SOL, DOT, ADA, AVAX pumped (we can say they achieved some level of success), showed promise and functioned without POW.

Did Ethereum foundation felt threatened by something working without POW? or POS is just a soft exit from a failed experiment (you know..world computer and stuff hehe).

Here is another thing to consider, rebellion wants as many allies as possible like ASICs, is it a temptation to cozy up on them or kick them out? One of the original thing back then for ETH was ASIC resistance. Progpow?..

This is going to be a shitshow LOL.

ETH 2.0 has been delayed so long now, I don't think the new entrants to the space realize that empty promises over it's launch have been an ongoing joke for several years now. 

I am fascinated by such a large move taking place.  There's a good chance it will be a massive failure, as many in this thread have speculated.  There's also a chance it will be a huge success and major players in traditional finance take a huge stake in it's future.

I am more curious about what happens if it is a failure personally.  I wonder if it would cause a profitable to mine coin like Ravencoin to shoot up in value, or what would happen to the Polygon network. 

It does make me happy that some excitement is coming back to crypto.  It's super cringeworthy how all the news lately is about which big players got greedy and tried to overleverage their way to billions.

I am fine with whatever ETH developers throws at miners face, I care less, what I want is a bigger crash than what we are seeing now, even the shit Luna rose up to 40% in few days after I thought people are going to abandon the Luna classic, anyway, I am here to make profit out of any project and that includes shitcoins as well.

The difficulty bomb should be pushed back by 3 months today. Statistics has not been updated yet, this service is working with a delay.
https://etherscan.io/chart/blocktime
What else can prevent the end of ethereum mining?

What if 88% sell Bitcoin or Cardano? You're just grabbing at hypotheticals, and have a clear anti-Ethereum agenda. Keep things positive and try to avoid negative talk. Remember people are invested in this. You enjoy seeing people get hurt financially?!

He is anti pos
you are not anti pos

everyone should be anti pos in the case of eth


pos is the same as a bond issued

or as a stock with dividends. with a single exception it is not subject to regular like companies that issue bonds or dividend paying stocks.

Fact 12% of eth is staked
fact ⅓ of that is by a single company
fact mr v himself said he does not like that.

⅓ of the staked coins is about 4% of 121million coins.

that is 4.8 say 5 million coins at 1100 or 5.5 billion in one group's hands.

what was the pre-mine of eth was it 5 million coins? no it was about 72 million coins (google it) see below

"When Ethereum launched, 12 million ETH were created for the developers, and 60 million ETH were premined for ICO participants to buy. Consider there are 102 million ETH in circulation today, that means 71% of the existing supply was premined during Ethereum’s launch."

So if the info above is true a lot of premised coins are not staked. maybe 60-72 million are not staked hell only 15 million of the 121 million made are staked. So someone has a lot of hand here over the small staked amount.

POS is not a good thing for eth if my numbers are correct far too many hands are holding eth outside of the staking group.

So where are all those premised coins. POS of 15 mill could be crushed   with ease if 30 million premiere coins that exist attack it.

ie no security for pos

mining can not be attacked that easliy .

 For all we know someone holds 50 million eth in multiple wallets and will strike at the smaller pos stake as soon as eth goes pos.

What happens to Bitcoin once all BTC has been mined? Who will secure the network? Miners will have no incentive and no reason to "mine" because they won't have any BTC to mine. The mine will be empty. Will they be paid a fee to offset a huge electrical bill to process transactions for BTC. Who's going to pay the fees?

How will BTC security be post mining? These are all questions about the future of Bitcoin. Let's face it the long term outlook for Bitcoin has not been figured out. I don't see right now a game plan for Bitcoin post mining.

Regarding ETH staking, so what if 1/3 of ETH is staked by the ETH foundation? Why would they un-stake the majority of that ETH and crash and burn the project? That's like Elon Musk or Jeff Bezos selling all their shares, crashing the stock price and screwing their own companies.

There's a lot of people who are not miners that feel much more positive about the merge and Ethereum switching to POS. You guys are in the minority as miners. I am myself a miner but not so shortsighted and negative about POS.

Proof of Stake brings a much smaller carbon footprint which is positive politically and for institutions, especially with energy scarcity already starting whether it is manufactured or not.
POS will make Ethereum potentially deflationary.
POS will allow the addition of sharding to improve performance, transaction speed and scaling.

You can't attack 15 million coins of staked ETH with even 90 million un-staked ETH. You first have to stake the 90 million ETH. That's how the validators work. I am not sure you understand how it works. And if you attack the network you lose your ETH. Who's going to do that? George Soros?! lol!

Blah blah, more 'green' FUD. As the world moves to unreliable solar & wind energy, the demand for mining to balance out the grid will only become greater. Most of that power is being flushed down the drain anyway. Carbon is life, life is carbon. You're playing into their plan, which is to reduce demand for energy and reduce standards of living. Nobody has the right to tell people how much energy they can use.

PoS is no different from the current fiat system where the rich get richer simply by having wealth. PoS is a kleptocracy. It is inflationary just like PoW. At least in PoW, coins are awarded based on something outside the system, like energy.

Kadena which is a PoW coin has sharding too. PoS has nothing to do with transaction speed or performance, blah.

Blockchains based on PoW will prove to be the only strong blockchains (https://www.youtube.com/watch?v=h1SHF3YPrjM), like gold. Anything else is just like the Roman denarius which can be altered at will. You're paying a heavy price for that energy 'efficiency'.

I put my money where my mouth is. I no longer mine ETH and I'm going to sell my remaining 0.5 Ethers before it crashes even harder. I'll become a Bitcoin maximalist if this PoS nonsense continues.

Yes we all know Bitcoin uses lots of energy and is bad for environment. Especially now during an energy crisis. But the fact to switch to POS will come at a cost and that is basically less decentralization.

Now you got millions of people mining keeping ETH decentralized around the world, it’s very secure. Same with Bitcoin. Hence why people feel safe keeping their funds in these cryptos. Take that away and you got pretty much only the rich staking, not too far off from traditional banking.

ETH and the other PoS coins are going to end up no different to fiat cash (controlled by a central group of elites), while Bitcoin will become the true 'digital gold' and perhaps Kadena or ETC will become silver.

for the retards that needs to grow a little bit of brain..

there is no post mine BTC. transaction fees will be "the mining" after all of the BTC is mined.

XMR have tail emission for "post mining".

carbon foot print scam tax, will be like this: you buy something food(beef) carbon tax = 10, you buy "soy insect cardboard box sausage" carbon tax = 2 , all this is viable with central bank digital currencies and digital vaxx pass surveillance (to be embedded to your body). so are you rich enough to eat beef or garbage? so if you are rich enough to eat beef you could be limited to buy only a few, why? buying 10 beef will reach the limit of (10x10) 100 carbon tax limit (bad person destroying the environment says the government).


green energy and non-green energy needs infrastructure, labor, fuel to burn, etc. etc. just to produce energy for POW, this statement alone will inform you there is value to it (with the exceptions of scams and failure/idiot blockchains LOL)

Good luck convincing the woke governments of the west that all the energy is wasted anyway. They will ignore whatever you say. I could care less how much energy Bitcoin is consuming. I am just stating that this energy use will be a source of criticism.

Go ahead sell your last 0.5 ETH! What are you waiting for?! You think it is only crashing from here on out so the longer you hold the less it will be worth. Sell!

How will Bitcoin's security be guaranteed in such an arrangement where the transaction fees are "the mining"? The fees would have to be outrageous to motivate a decentralized participation. And those fees would come out off the pockets of people trying to transact with Bitcoin. I don't think that has been figured out at all.

That's you opinion as a biased miner.

3-4 mining pools dominate the Bitcoin hash rate. If only these pools all worked together they could execute a 51% attack. There is no such thing a true decentralization. Everything on earth has multiple points of failure.

https://i.postimg.cc/VsSyggGS/hash.png

it could go to 2013 levels and still you can't kill it  ;)

you can take a peek at DASH aka darkcoin aka xcoin ..seen the same shit on shitcoin history

it is a genius to call them validators..masternodes same shit.

https://i.postimg.cc/0yHmx8v2/hashe.png

https://i.postimg.cc/QCk1r18R/hashd.png
https://i.postimg.cc/xTXnhY6P/dashp.png

watch the validators/masternode operators stole profit at peak bull market from miners LOL, and miners just left, some masternode operators are the ones profitable enough to run their miner to secure the network.

it is a shitshow.

i theorized it is a soft exit for ethereum foundation because it will turn into shit eventually and they will get out clean and unscathed ("if").

Eth will stabilize and go up in price after POS, simply because there will be smaller amount of coins produced daily, burn process will still cause deflation, staked eth will remove some coins from daily usage etc....
POS will displace small people from the system, game has become to big for small guys if you don't count in staking pools.

Price correction will come eventually, how long will it take? probably few years.


 

Yeah I remember mining Dash when it was called Darkcoin, never knew it was rebranded from xcoin however. Either way the profitability was low from the get go. It was never actually profitable to mine. But my 280x were sitting collecting dust and just did it for fun.

Held the coins and when it pumped I sold them. However I left crazy amounts of profit on the table when it went over $1000 momentarily.

Also some other guy hates that coin because he had a low leverage short on it from $50 and got liquidated at $1400 in the tune of 100 BTC on Poloniex. Some OG should know who I am talking about.

xcoin was the first brand, successfully salvaged darkcoin from a dying/dead shitcoin and finally stole dashcoin name..

yup it made people rich, but it is just as good as other shitcoins that pumped in 2017 bullrun, so the people that are complaining there that they didn't invest there were the fiat holders LOL  ;D

You should know that most of the PoS coins have failed miserably before and what does Ethereum have beside these others that it will continue to be successful after moving to PoS,nothing.Therefore if Ethereum moves to PoS I give it a few months only before it is completely forgotten from the map of crypto,the fact that Ethereum is so successful beside the problems it solves it is a PoW coin which a lot and I mean a lot of people are mining daily making it as famous as it is.One move away from such system is destined to go bankrupt and fail.

Most of PoS coins you saw already shit from the beginning. Some transit from PoW to PoS because they are already from their last leg. It's all thanks to the 2017 bull run that PoW coins or every coins got boosted so people think they were great and PoS was the problem. Big nope.
Can anyone here show me a great GPU PoW coin that is at the top10 in CMC other than ETH? How about top20? Even top30? See how GPU PoW was now at the last leg except ETH which is also soon to ditch it?

Before Ethereum there was Litecoin which was a GPU mineable coin at that time,precisely in 2015.This is to show that always in history there has been a top PoW coin leading and then every other type of coins followed,at least this is how I read it.

Anyway so far PoW coins have always been the better ones with a much larger market share as long as I know it is still Bitcoin and Ethereum the two big ones which have the greatest market share compared to almost all other coins,I doubt this will change any time soon,let alone if it happens because of a PoS coin.

I started in 2014.  At that time Litecoin ASICs were becoming reality, Darkcoin was moving from CPU to GPU, and Eth didn't exist yet.
Nothing really compares to ETH, every other major GPU coin prior was taken over by ASICs. Eth has been going strong with GPUs
for much longer than anything else.

when a GPU POW reach reaches a profitable enough marketcap for ASIC makers, ASIC will take over that GPU POW. that take over happens at the top in CMC.

ETH innovation was the mining algo with the DAG on vram (memory mining), it restricts ASICs wide margin advantage over GPUs, basically ETH was the first successful coin (that reached the top part of CMC in two market cycles) that resisted ASICs.

GPU POW is always has been the "the early bird mining gear of choice"

GPU POW is the the real shitcoiner secret weapon, an invaluable tool ---> this is an "alpha leak" hehehe

ETH was asic resistant for many years however. Most of the other coins quickly got an ASIC made.

The dark coin / dash coin algo was called x11 because it had 11 different hashing algos and it was to make ASIC resistant. However it was quickly overcome unlike ETH.

When ETH asic went public, there was word of an emergency fork however when it was revealed how little advantage it had to GPUs they just let it slide.

dash coin x11 ASICs were quite profitable in the previous bullrun and the masternodes operators (validators/centralized entity) voted to reduce mining profits due to the selling pressure of miners. that is something keep an eye for in this upcoming ETH fiasco, already happened with the difficulty bombs BTW, at least miners are GPUs and ASICs unlike those in x11 which are all ASICs.

note: difficulty bombs did not give profit to validators, it just gave the foundation a higher price to dump at the top of the bull market LOL

i'm gonna give it to ETH devs, at least they are upfront in saying 100% POS than pretending that there is still POW for the argument of "there is POW/ we are POW" if POW is again the hero "narrative"

There are already better non-collateralized mining projects than ETH2.0 mining.

Look at the Iron Law of Energy Consumption (https://www.forbes.com/sites/robertbryce/2021/08/30/soaring-electricity-and-coal-use-are-proving-once-again-roger-pielke-jrs-iron-law-of-climate/). Government or not, they will end up burning more and more energy and the climate skeptics will win in the end because India+China will emit 80% of the carbon in a few years so the West can hardly make a dent anyway. Therefore I don't view PoW's energy use as a weakness. As long as Bitcoin is the majority of the market cap, PoW will dominate in the long run while the PoS coins will have boom-bust cycles forever.

Energy is liberating, if you have a lot of energy it becomes cheap.

cheap enough energy will make the people lives better, because everything you do, electricity leverages your work exponentially.

just look at us miners if you have a lot of cheap energy then you are happy guy hehe

I agree, I'm currently a really happy guy because I figured out how to get power for 5.3¢ RESIDENTIAL instead of 10 cents ehhehe. Most of it is zero-carbon nuclear energy so I can claim I'm saving the planet hehehe! I can have my cake and eat it too

Cardano is a valid competitor of ethereum and perhaps will manage to take it second place on coinmarketcap, the announcements and proclamations of the imminent release of eth 2.0 and pos may have been obviously premature given the various tests of doubtful success so the delay until 2024 is plausible, possible to the delight of all miners

Premature? They have been announcing POS since 2017  :D

If i recall well, Ripple was at one point number two in coinmarketcap surpassing Ethereum. Did that mean Ripple was better than Ethereum?
Where is Ripple right now?

I still think Ethereum is a very big player in the crypto space, whether we want it or not. Cardano can only try to rival Ethereum as much as it can, but won't succeed.

You cannot judge a project based on the marketcap alone. In ripple 90% of the supply is owned by the creators. You could easily create a minable coin with 99.999% of the supply pre mined and owned by the devteam. 0.001% minable pow. No exchange would list this coin, but perhaps if you create your own exchange.. 1000 times inflated marketcap..

A million dollar coin will look like a billion dollar coin.

unrelated question: can someone explain the huge drop in ETH difficulty at the start of july? I know that profits are dwindling, but why such a sudden drop when it has been stable through may and june?

Will you change the size of the DAG file so that mining is available for video cards with 3 GB of memory ?
Then more miners will join you, or will you not make changes to the size of the dag file?

Gray glacier hard fork

Maybe then it’s better to change the algorithm a little so that powerful ASICs can’t mine a new coin?
https://bitcointalk.org/index.php?topic=5405339.0
It is not yet known how many ASICs mine Ethereum, but at low prices per coin, GPU miners will not be able to compete with ASICs.

how does that affect difficulty? from what I read it just postponed the difficulty bomb

The difficulty bomb already started exploding, so defusing it made the difficulty plummet to what it should have been if there were no bomb

.

Do you need a rig pointed to you for test mining.

I can do that if you want.

please note this is my alt account of philipma1957.

this is true.

a1 hashrate llc  was formed by me and buysolar this year.

We have about 10gh in eth hash I can point various rigs from multiple ip's to you if you need it.

I use windows and smos

In the meltdown fork (rebel fork) we want to premine the same amount as the staked ether in the POS fork. We are ready to release,but waiting for the V team to fork... Mining support is not needed, the genesis block has already been mined and the difficulty is low.  The final net will probably have a different structure, but if the V team decide to fork early, we are ready...  The devteam will be supported by the 15 million locked staked POS coins that will be converted to premined coins that can be sold to support the development of the new network. This amount was acceptable by the exchanges we have talked to in order to get it listed...
 -----

our motivation:



Yes you can, In a Prof Of Wealth attack.

When 12% support POS and  88% support POW. You only need to hardfork, and replace the devs, the management and their supporters by freezing their assets...

This  is how democracy works. (Boris Johnson)
----

I been mining ETH for some time and even back in the early days people said it didn't pay to invest in new GPUs to mine ETH as it will be moving to POS within the next 6 months.

Well let me say it has been *the next 6 months* for quite a number of years now. I don't doubt it will eventually switch over, but it doesn't pay to get too worked up about it until it actually happens.

basically pos = piece of shit.


it should never switch over.

but maybe the op and this idea crushes the eth morons in charge at the moment.

and we have a new boss that is not the same as the old boss.

go sp_

A new Ghost fork has been scheduled in the rebel net. The Alaska meltdown fork. Stablecoin attack protection code being tested. smal bugfixes and improvements.
 
A new virtual hedge coin (fund) being tested  to lock the value to bitcoin (BTCT)  POS vs POW. it will work as USDT.. Locked to the price of Bitcoin. The BTCT will be using the strong POW rebel fork smart contract network. This blockchain is not bound by any  currency or country.

I think you misunderstood what I wrote, but it was actually a similar point I was trying to put across while replying to devil2man who was saying cardano would overtake ETH in coinmarketcap rankings.

I am so encouraged by this thread I purchased an evga 3060ti today.

I got a great deal 502 new 3 year warranty. pre tax and pre coupons.

539 with the tax
 30 coupon
509
 60 coupon
449
 11 coupon
438 net with 1 year to pay it off at 0% interest


this is the card I got.

https://www.evga.com/products/product.aspx?pn=08G-P5-3667-KL

I know that POS was (and still is) the plan all along for ETH, but I don't know why they cannot come up with some type of hybrid system, say 50% POS and 50% POW.

Some coins are now even going POUW (Proof of useful Work), so maybe some type of change in that area, say 50% POS and 50% POUW, since one of the main arguments for the switch to pure POS is to reduce energy consumption.

Myself I never was a fan of the POS concept in that is it simply bringing the normal financial system to crypto, mainly in that the reward goes to those with the most tokens (money). While POW is far from perfect, I am sure if efforts were focused into this area improvements could also be made to help reduce energy consumption and pretty much eliminate the useless work while still maintaining the decentralization benefits.

If you have more Ethereum staking validators then you can attack the network. That means someone has to setup over 300,000 validators with 32 ETH each to attack the POS network. And risk getting their funds slashed.
Also it is easier to recover from a POS attack than a POW attack.

Search for this topic on Google to understand more about it. You're delusional with some of your comments.

Youtube:
Ethereum 2.0: Proof of Stake vs Proof of Work | Vitalik Buterin and Lex Fridman

no work no wealth.

btw i would argue pos = bond

which means eth will be fully regulated as if it is a bond.

good luck with a bond based on nothingness.

at least a bond with a real company is based on what the company produces.
or services or in the case of New Jersey Turnpike bonds they are based on the tolls collected and the physical roads and bridges that make the turnpike.

Pos = piece of shit based on nothing.

and if I am wrong it will be like a bond and fully regulated with every staker marked and kyc’d

btw only 15 mill coins staked

and 106 mill coins not staked.

and do you realize more than 30 million premined coins are out there right now.
not staked.
they can wipe the current stakers out.

in a snap in a takeover.

have you even consider that is what will happen if that is planned.

do you know who holds the premined coins?

they sold for very very very little fiat it is possible one guy owns 30 million eth and got them at under 1 dollar a coin.


60 million premined were sold at 13.8 million

12 million were kept by development foundation.

that is 72 million of 121 or 122 coins.

for pos to have any shot at working all those 72 million coins need to be revealed.

I would argue otherwise.
A bond frees up money that wasn't doing anything. POS locks up money so it can't do anything.

When a company issues bonds it intends to use the cash to grow the company. The buyers have cash
that was just sitting there so they buy bonds to earn interest. It prevents cash from stagnating.
POS only looks like a bond from the buyer (staker) side, it's a deposit that earns interest. There's no
more economic benefit than putting cash in a mattress where it stagnates.

Answered by Vitalik Buterin:
"Also, small grammar nuance: in English when talking about things like proof of stake, we don't say "it's a security", we say "it's secure". I know these suffixes are hard though, so I forgive the error."
https://twitter.com/VitalikButerin/status/1546776356083699712

He can say to-ma-to or to-moto

He can say pa-ta-to or pa-tato

it will be ruled as an unbacked security/bond. in many countries.


what the real problem is he is expecting 15 million staked coins to rule over 107 million unstaked coins

and what is worse 60 million premined coins were issued at a cost of 13.8 million along with 12 million coins issued to developers at no cost.

so 72 million coins that cost under 20 cents each are not staked  what happens if they attack the network?

I realize that some of the coins in the premined could be staked but if it was 6 million of them are staked.

the other 66 million are not.

It is obvious that his pos is underfunded he need far more coins to be staked right now.

there is no real security at the moment with a mere 15 million of 122 million and 72 million were created under 20 cents.

If I were to push this pos idea i would need to see more like 40 million staked not a mere 15 million

It seems the merger will start on august 2022 and end on september 2022, nothing was said about the day they will unlock the millions of eth that has been locked since 2020. The merger will contribute a lot for the huge crash that is coming between september 2022 and march 2023 and that is what I predicted since 2020.

Hehe well at least it will be less boring than now, waiting patiently for this huge crash and get some nice buying opportunity.

Lets hope it will not crash that much, buying btc at 10k is good when it stays at 10k after you buy, buying at 10k and seeing crashing to 3k or lower could be very bad, before the merger scammers and thieves will pump cryptos one more time and then hehell, btc can get as high as 30k pre merger and then that epic crash to 10k and below.

What do you think will happen to the price when we dump..

Right now there aren’t that many coins staked because people probably are waiting for the merge to go live before they start to stake them. Since in the past once you started to stake you couldn’t stop. And this is why there is a little amount staked.

We will see how the merge comes and then most likely more people will be staking. And I also think in a bear market many won’t want to stake. If a bull market starts then more will be willing to stake then.

Either way Sept should be an interesting month.

In a bear market it makes more sense to stake since prices are low and there is no more benefit in selling. Might as well earn yields in that case. Remember buy or stake when there's blood in the streets and sell when everything is green and people are greedy. I personally just hodl. However that's not the best for everyone and I do regret not selling some ETH when it hit ATH last year. But it is easy in hindsight to know where the top was. Many people thought ETH was going to go much higher before a correction. Very difficult to time the market. That's why people like Saylor just hodl and avoid trading and realizing capital gains tax.

Last bulltrap in the making, get in sheeps hehe, I think this is it, the last bulltrap, now the question is, when to sell and then watch the carnage hehe, this happened before, eth got as high as 850 usd in april 2018 and then it crashed to 80 usd in november 2018, so watch where eth will get as high to then you divide by at least 7 hehe then you will get the bottom, so if eth only gets as high as 2500 usd then it will likely crash to 300 usd by the end of this year - march 2023.

You don't know that at all. Just grabbing numbers out of thin air. Are you a Bitcoin Maxi?

You can call me a pow maximalist hehe by the way, I'm not grabbing numbers out from thin air, just go and check the eth graph of 2018, everything I said is there as proof.

The trend is your friend until it is not. Past behavior does not necessarily mean it will behave that way in the future. Of course it is possible for Ethereum to go down quite a bit again. Hopefully though it won't correct as much as in 2018. The market is a bit more mature. Ethereum crashing from $1,350 to $88 in 2018/19 would be the same as Ethereum crashing from $4,800 in 2021 down to $300 at some future date. I guess you might have a point now that I look at it lol! Keep your fingers crossed that people have stronger hands than that ;)

well I will say this much. coinbase is feeding a lot with their stake 100 to 500 and get 10%

so we may see a strong move to staking.  maybe V.B. pulls this off.

or delays till Jan  ;)

Yes this is either a bull trap or we are all going to get short squeezed. Looking at the daily and weekly we are at major major resistance.

If these levels are engulfed then I am fairly sure $880 was the bottom due to the strength of this move. I think when we got 9.1% CPI last week and markets finished the week above that report, it suggests that many are thinking the worst is over.

Everything is done for, the plan was executed successfully, pump, steal money then dump, wait the sheeps to sell their coins they bought for 50x at 40x loss, then wait 2 - 3 years, start another scam pump, rinse and repeat. This dump phase will be like the pump phase, 2 stages, first btc went to 65k then crashed to 30k, then pumped to 69k then crashed to 17.5k as it stands, there is one more huge dump to come and this dump is called "I see and I cant believe" btc from 1300 down to 100 usd in 2013, then 21k to 3k in 2018, now likely 69k down to 6k - 9.6k.

How is your mood?
Everything seems to be moving towards its end.
https://hackmd.io/@benjaminion/BkxQTpqpi9
At the end of the month, the developers will tell the latest announcements about the start of the Goerli Merge and the merge may be completed earlier than planned.
To what values will the price of the coin rise before falling?

D.Day on the 19 september for Ethereum. But gpu mining is saved, you just have to run the Team Black Miner and the profit will be the same...
--

The name of our coin is not yet decided, but it could be called The Sentient Coin. Because it is running a smarter and more secure Smart Network and need your hashing power..

well fingers crossed that it works well.


hmm I wonder if VB will attempt to fuck with you by delaying the pos move of eth for 2-3 months.

That would be interesting development to see.

also if eth does switch to pos in sept at say 2k coin price and tanks like a mofo to 800 people will be out for v.b

I will support mining over pos that is for sure.

LOL

Vitalik Buterin's speech at the Conference in Paris
https://www.youtube.com/watch?v=kGjFTzRTH3Q&t=102s

Don't believe this guy. I just DYOR on F2Pool and Ethermine the TWO Largest Ethereum Miners in the World and they BOTH are supporting Eth 2.0 Merge with POS Staking and have come out in support of it.  https://f2pool.io/mining/insights/20210225-staying-on-the-bright-side-of-history-eip-1559/

Ethermine.org POS Staking  https://ethpool.org/ 

Also His Team Black Miner is just a miner for Ethereum and Ethereum Classic so maybe he is supporting mining ETC AFTER   The Merge


DYOR

Simple math

1 mh earns  0.0228 usd

ethpool.org

has 259.5 th that is 5,926,600 usd earned each day

and the pool only has 23 million staked or 4 days of

 mining.

so 4/60 = 1/15  if we turn in 2 months
4/365 = 1/90 if we turn in a year.

support looks very very very slim to me,


not I am philipma1957 alt I quoted then deleted my philipma1957 post.

So once again the amounts staked are tiny compared to mining earnings

If  you have 23 dollars  STAKED and it earn 4% in a year it is only 23.92 assuming eth does not crash in price

AND CAN EARN 23 IN 4 days you would rather be earning the 23 in 4 days

vs 92 cents in a year.

btw us I bond are paying 9% from now til october

only a madman would dump 32 eth need to stake when they can buy 20k in an i bond and get 9% for the next 3 months and I am sure the bonds will pay at least 5 % from oct to may as inflation is not going to drop much in the next few months.

the miners on ethpool will desert eth in droves once moron mr vb turns it into pos

The problem with todays POW is that the work performed is not used to anything. What you need is a coin that can combine machine learning / AI POW into a blockchain. The 19 september will be the end of Ethereum mining, but a new beginning with the intelligent POW.

I don't know if this is a true news but I saw at investing.com that were listing an article at cointelegraph if I am not mistaken that the Eth 2.0 is just one test merge away but the final implementation will only be made in late 2023,meaning that mining Ethereum will continue for at least 1.5 more years approximately.

I think people that bought cards during these last couple of months at a discount compared to the really expensive prices before made relatively a good deal.I was waiting for the prices to go down further but unfortunately it seems like this is not the right choice based on the above news.

Eth 2.0 and the merge are two different things

The difficulty bomb is set to explode in september, but it could be extended.. The POS founds are not released until 2024..

for noobs; The difficulty bomb will end the POW mining of ethereum, and not the Merge

Yes but once this difficulty bomb is dropped basically all of us miners are out and it is the end of Ethereum mining,we don't really care much what will happen to Ethereum after that,that is why I always have opted to receive my mining payouts in Bitcoin or other crypto as I know if the difficulty bomb is dropped then the life and price of Ethereum can only be miserable.I don't know any PoS coin who has had a huge success like for example Ethereum is having in PoW from 2016 when it first came out.Stupid move by Butekin and co.

I have a feeling that if we get some arbirtage opportunies in Sept with people longing ETH (before fork) and shorting Sept futures, it can give us a hint of a possible value for ETH-POW fork pretty much.

Similar to what happened with that OMG last year. We had people longing OMG on spot markets and they shorted the perps/futures just to get the free airdrop. I am thinking we see something with ETH as we get closer and closer to the date.

Maybe this spark will happen and bold people will take profit from such opportunity,personally though I am extremely confident that after the difficulty bomb is dropped the way for Ethereum price will only be south.

Sure it may not be this way in the first weeks after the difficulty bomb is dropped but soon after that time,until the market absorbs fully this news,Ethereum will have a lot of difficulty in keeping the price at the levels we see it right now.As I said I find it really difficult for PoS coin to do better than a PoW one.

here is what kills them.

today there is about 1 ph of hash which is 1000 th which is 1,000,000 gh which is 1,000,000,000 mh

1,000,000,000 x 0.023 usd = 23,000,000 a day income generated minus costs to make it about 6,000,000 so 17 million a day which goes poof for miners

and 6 million a day which goes poof for power companies all vanishes.

Not to mention mobos
psus.
gpus.
ssds.
usb sticks.

all goes poof.  so the 23 million a day churning day after day acts like 40 million a day or more all burnt.


what comes back

lets see. 15 million coins at 1700 = 25,500,000,000 earns 4.5% in a year = 1,147,500,000 in earnings /365 = 3,143,835

so you drop the unchurned number from 23 million a day to 3 million a day

andddd the 23 million now is working and churning as I type.

the staked 3 million a day stays frozen with no access for over a year.

I smell a huge fucking disaster the best ever in the world of crypto it should be wonderful to see. it happen.

Or maybe just maybe ETH blinks and delays to Jan or Feb 2023

Do you really think mining won't end this year?
An important testnet on the Goerli blockchain is coming soon. If everything goes well, then in September the promise of the developers to complete the mining may take place.But you correctly said that the supply of new coins will be stopped.

Funny cause with your math, it seems like ETH will be harder to get/mine with the PoS. Even with the recovery from the bear market recently, ETH show they performed far better than any cryptos, from $800 low to reaching $1600, +100%. All thanks to the news that ETH will soon switch to PoS. I remember all the PoW miners fud with their talk about how when ETH comes close to the PoS merge, ETH price will drop, lol.
The game will soon be over the ETH PoW miners and they keep crying about 'my loss in all of my investment at GPUs, Mobo,...' Want to play a safe game in cryptos? 100% guaranteed of ROI and profit after that? The line keeps going up forever just by buying this GPU and mining, taking profit and repeat?
Why it was so hard to get the ETH PoW miners to understand ETH isn't just existed for your guys, the miners? That your guys goal ain't align with the majority of ETH holders anymore.

Miners certainly have a different "perspective" than investors. It's the investers that matter, we're just the unskilled labour
in the equation.

From an investment point of view the issue seems to be the reduced circulation caused by the POS lockup. Comparing it to the fixed income
market, capital raised by bonds stays in circulation.

now there is a second angle to it.

only 15 million coins are locked.

there were almost 72 million premined coins.

their original cost was only 14 million.

did you ever go back and look at the premined coins.

who holds them? 60 million were purchased for i believe 13.8 million

and 12 million were issued to developers.

at least 72-15= 57 million are fully liquid.

they can be sold at anytime. it really means the owners of those cheap coins if they held them are the actual controllers of eth.

not the staked 15 million coins. the staked coins are in a very vulnerable spot. as compared to the at least 57 million premined coins not staked and held by ‘i don’t know do you’

I feel sorry for those that fully staked at 3 or 4 k a coin.  they are down over  35-65k as i type with no way to cash out for a real long time.

while those 57 million premined coins are nice and liquid.

oh well.

full disclosure i have a small amount stake.

and over 10gh in eth mining gear.

so I bet on mining.. with a small hedge

What about POS could trigger dumping the premined? Most of them are probably held by the principals who govern Eth.
I see them probably going into lockup to earn rewards.

I don't see the risk any greater than large amounts of currency held in reserves.

Okay you staked 32 coins you mined them  and when you staked them they were  worth 2 grand each for a 64k total.

OG eth guy got in premined and is stillholding 1000 coins
he paid about 23 cents a coin. he got 3000 coins for 690 usd back in 2015

he did 2 sales prior  1000 coins at 1000 = 1 million
1000 coins at 4000 = 5 million


he is down to his last 1000 coins
they are liquid repeat
they are liquid repeat
they are liquid and so on and so forth

He already scored twice and is primed to score again.
Please remember what those 1000 coins cost him only $230

BUT you are in with your 32 x 2000 = 64000 cost investment which is down about 7000

and you are not liquid

he is liquid and can hodl or not hodl

you must hodl for more than a year.

SO he says I will wait til 1 month  before the stupid pos suckers are liquid and sell off.

and the stupid pos suckers get crushed as the frozen pos eth gets released after it has crashed and burned.


People that staked at 2000 or 3000 or 4000 will be crushed.

It is pretty much written in the plan.  I am spelling the plan out to you.

Now if the pos coins staked were more like 35 or 45 million maybe it works.






Just think of it like this. why not stake your cheap premined coins. We all can see  it is obvious they are not being staked

60+12 = 72 million is huge compared to 15 million staked.

so the in the know guys are keeping them liquid are they not?


Man will this be fun to watch it burn.






BTW I am philipma1957 alt account.

and I do have far more bet on gear than staking.

over $10,000 in gpus vs $300 staked at coinbase.



Or maybe they blink

august 11th
is a chance to see a blink correct?

If I understand correctly you aren't really saying there's a bigger chance they dump but if they do hodlers can't jump on the selling
bandwagon and will be left hodling the bag. Dumping the premined would be a disater POS or not.

For full disclosure I've never mined or owned any Eth.

Exactly.I don't know who will be the stupid ones staking Eth coins when we all know that PoS has never worked for any other coin compared to PoW coin which has a group of people mining it every day.What will PoS offer,that staking which I highly doubt it will bring benefits to the people who stake their coins.I think only developers of Eth and people who do not know what they are doing can go ahead and stake their coins.

I have always mined Eth yet I have 0 as I always have opted to receive the payout in Bitcoin which for me remains the best crypto to keep as a store of value or exchange it when you need.

think of the leverage that at least 57 million premined dirt cheap coins have over 15 million expensive frozen coins.

Pos simply is so underfunded here it is a joke.

at best the ratio of cheap premined coins to pos coins is 57 to 15

and that would mean not a single mined coin was staked.

so the 'cheap' premined coin mix and pos and mined ratio could be

57-15-50 every pos coin came from the premined coins not likely

some ratio in between most likely

72-15-35. every premined coin was held which is not likely


none of the above offer much strength for the frozen pos coins. they are simply out numbered by a huge amount.


well we are tick tock a little bit closer to the next step.

When the mining ethereum is not profitable anymore, the miners will move to mine something more profitable like Blockchain AI.

https://www.youtube.com/watch?v=SVcsDDABEkM


 Happy mining,