Ethereum upgrade to POS blockchain Vs. Bitcoin Halving[Ian Balina statement]

[cryptoaddictchie]

The market cap of btc as of this date is $130.17B while ethereum is $13.94B that is roughly 10x difference. I'm not sure whether Balina suddenly got an offer from ethereum to shill them cause before he was demanding an investigation about them. Well his quite famous but I smell something fishy.



Ethereum has a good chance of increasing its market cap but isn't it too early to say this? Bitcoin upcoming halving can also give an effect on its stance on market but ethereum transferring to POS blockchain could also do the same.


Here is the discussion on Twitter about Ian Balina's tweet

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[DaMut]

what is so good about eth? is not it only making a transition to pos? yes, it is very likely for the price to go up because pos will increase the demand for staking purposes. but pos is not something new, it has been here for a few years.
unless they create their own consensus that can solve every single problem we have right now, this might be a game changing. people know cryptocurrency because of bitcoin.

[johnwest]

There are allot of blind followers of Ian Balina, He shilled PundiX like anything and we have seen what has happened with their project. Everyone knows that he get paid to shill a project so trusting him on something is stupidity.

[NathanJB]

Before we react to statements, or tweets to be exact, I think it is right to ask first who says it. If the one who issued such statement or created such tweet is a person not even a big figure in the field, then I guess there is no point reacting. I guess my point is clear. Who is Ian Balina? Some random crypto advisor without any resume?

what is so good about eth? is not it only making a transition to pos? yes, it is very likely for the price to go up because pos will increase the demand for staking purposes. but pos is not something new, it has been here for a few years.
unless they create their own consensus that can solve every single problem we have right now, this might be a game changing. people know cryptocurrency because of bitcoin.

Lol. Tell that to the majority of the crypto community. Tell that to the people who made ETH the number two in all of the crypto world. Or better yet, get to know ETH more.

[cryptoaddictchie]

There is no such thing as perfect consensus to fixed all blockchain flaws. If there is I think people already supported and used that. So far PoW for me is the best mechanism though PoS has a lighter usage which is why Eth consider this to use. Anyway, Ian Balina is a bit of a shiller but I'm impress many got hook up with him with his predicting tweets. But for technical reason definitely not a good statement.

what is so good about eth? is not it only making a transition to pos? yes, it is very likely for the price to go up because pos will increase the demand for staking purposes. but pos is not something new, it has been here for a few years.

[Trela]

There is no such thing as perfect consensus to fixed all blockchain flaws. If there is I think people already supported and used that. So far PoW for me is the best mechanism though PoS has a lighter usage which is why Eth consider this to use. Anyway, Ian Balina is a bit of a shiller but I'm impress many got hook up with him with his predicting tweets. But for technical reason definitely not a good statement.

what is so good about eth? is not it only making a transition to pos? yes, it is very likely for the price to go up because pos will increase the demand for staking purposes. but pos is not something new, it has been here for a few years.

PoW is the best algorithm, but for an unlimited supply cryptocurrency like Ethereum, it should change to PoS. Bitcoin got success with PoW because it has limited its supply and always halving every 4 years while Ethereum can't do that! The max supply cap was one of the severe problems at the begin of Ethereum. No limit, it will become increasingly inflationary and go against the nature of a cryptocurrency. So, I hope PoS could help Ethereum to solve this issue because it must pass this barrier to grow the value.

[NathanJB]

So far PoW for me is the best mechanism

Why do you think so? You must have a nice reason for it.

That basically counters the brilliant minds of the Ethereum team.

[shinratensei_]

There is no such thing as perfect consensus to fixed all blockchain flaws. If there is I think people already supported and used that. So far PoW for me is the best mechanism though PoS has a lighter usage which is why Eth consider this to use. Anyway, Ian Balina is a bit of a shiller but I'm impress many got hook up with him with his predicting tweets. But for technical reason definitely not a good statement.

what is so good about eth? is not it only making a transition to pos? yes, it is very likely for the price to go up because pos will increase the demand for staking purposes. but pos is not something new, it has been here for a few years.

PoW is the best algorithm, but for an unlimited supply cryptocurrency like Ethereum, it should change to PoS. Bitcoin got success with PoW because it has limited its supply and always halving every 4 years while Ethereum can't do that! The max supply cap was one of the severe problems at the begin of Ethereum. No limit, it will become increasingly inflationary and go against the nature of a cryptocurrency. So, I hope PoS could help Ethereum to solve this issue because it must pass this barrier to grow the value.

It's the first coin who developed in the cryptocurrecy and that's why it was being a winner. Bitcoin has the best mechanism as none gets the pre-mined coin as all of the coins will be distributed to the market and none owned the bitcoin blockchain and that's native and truly decentralized blockchain. I think ian balina is getting drunk right now.
I believe if that's just shilling for ethereum and POS ethereum can be done a few years later from now and how he can expect it to happen when he doesn't even know when that will be happening?
That guy is always becoming shillers.

[CjMapope]

i wish these scrubs would just come talk on forums like real people lol
These twitter warriors, is this how we will hash out our opinions during this revolution? on twitter?
but hey, even a broken clock is right twice a day, eh? they will maybe be correct someday, then hail themselves twitter market gurus (since apparently thats a thing)

[Kotone]

i wish these scrubs would just come talk on forums like real people lol
These twitter warriors, is this how we will hash out our opinions during this revolution? on twitter?
but hey, even a broken clock is right twice a day, eh? they will maybe be correct someday, then hail themselves twitter market gurus (since apparently thats a thing)

That's the thing. But sometime these people are often lucky to get appraise by those who follow them. I wonder how much money was given to Ian Balina for such steep statement regarding eth's possible increase by 2020s.

I'm sure btc will not waive though I like this also to happened cause I'm holding some eth as well.

[zeze18]

Followed that man since 2017 and his portofolio is quite nice and his tweets also are good mostly. It could be happen like 2017 where ETH was surpassing BTC for a moment. We hope it's really happen since ETH's value right now is really cheap and ETH is not deserved that. Collecting some ETHs right now is really good before it's ETH 2.0 this year.

[0xcosmos]

even though majority of my holdings are in eth
i can surely say that eth will not surpass btc anytime soon or ever
btc was is and will be the crown jewel of cryptocurrencies that everyone knows
where eth does brings a lot to the table in the crypto world and it will definitely take a huge chunk of btc share but surpassing it is just a big say

[DaMut]

Lol. Tell that to the majority of the crypto community. Tell that to the people who made ETH the number two in all of the crypto world. Or better yet, get to know ETH more.

then please do tell me more about eth that makes you think it will replace bitcoin in terms of total market cap. it is completely nonsensical for me.

There is no such thing as perfect consensus to fixed all blockchain flaws. If there is I think people already supported and used that. So far PoW for me is the best mechanism though PoS has a lighter usage which is why Eth consider this to use. Anyway, Ian Balina is a bit of a shiller but I'm impress many got hook up with him with his predicting tweets. But for technical reason definitely not a good statement.

I know about that, I was only implying the only possibility for them to take over bitcoin with an ideal consensus not only rely on this pos. pos will create demand but it will only at most to its past ath while bitcoin at the same time will be back to its ath again or even more than that after the halving.

[MI6]

Followed that man since 2017 and his portofolio is quite nice and his tweets also are good mostly. It could be happen like 2017 where ETH was surpassing BTC for a moment. We hope it's really happen since ETH's value right now is really cheap and ETH is not deserved that. Collecting some ETHs right now is really good before it's ETH 2.0 this year.

I remember a time when ETH and BTC almost have same price. (CMIIW) and i think in crypto anything can be happen. It is all about what people think can make they get profit. If they believe ETH, there is a chance for ETH to surprass bitcoin in volume market or maybe in price, but i am stand on bitcoin side if must pick Bitcoin or Ethereum.

[hello_good_sir]

Makes no sense.

ETH upgrading to PoS is a completely different event to bitcoin's halving, which is something that is regularly scheduled to happen every 4 years.

I do think that ETH will be better prepared for the long run with its upgrade to PoS but at the end of the day, it's still an alternative to bitcoin. Perhaps its price action will outperform Bitcoin's for the period of time during the hard fork, if it turned out to be successful. However, it is completely foolish to say that it has any real prospects of exceeding BTC's market cap.

[NathanJB]

Lol. Tell that to the majority of the crypto community. Tell that to the people who made ETH the number two in all of the crypto world. Or better yet, get to know ETH more.

then please do tell me more about eth that makes you think it will replace bitcoin in terms of total market cap. it is completely nonsensical for me.

What is this? Putting words in my mouth and asking me to defend it? Link me first to my post saying ETH will replace Bitcoin in whatever way and I will respond to it. If you cannot give me that, you are simply creating imaginary statements out of your mind.

what is so good about eth? is not it only making a transition to pos?

I am responding to this specifically. Read your statements again please and tell me if everything is perfectly all right.

[knuckey]

Sad mixed funny, when someone who is often said to be influential in the blockchain and crypto makes a statement like that. "Sorry BTC maximalist", quite furious to hear it, but from there I can assume that he is a shilling, who is paid for every statement in his tweet.

Ethereum 2.0 might have a good effect on just its ecosystem, but it is different from halving Bitcoin which always triggers a bullish market and allows other crypto to reach its ATH, including Ethereum itself.

[TanakabZX]

Many projects depends on ethereum for gains e.g token projects, both ICO and IEO projects, if ethereum manages to hit a thousand dollars new projects will be once profitable again, I doubt the POS feature will beat bitcoin halving

[cutesgirl]

Many projects depends on ethereum for gains e.g token projects, both ICO and IEO projects, if ethereum manages to hit a thousand dollars new projects will be once profitable again, I doubt the POS feature will beat bitcoin halving

After IEO and ICO dead with lower price ethereum price down drastically and never wake up to higher price again, now ethereum want to upgrade their system but until today price of ethereum look the same and lower price, any one have prediction when ethereum can back to higher price, will be bitcoin halving have effect for ethereum wake up or keep down always on lower price.

[pikkie]

Many projects depends on ethereum for gains e.g token projects, both ICO and IEO projects, if ethereum manages to hit a thousand dollars new projects will be once profitable again, I doubt the POS feature will beat bitcoin halving

After IEO and ICO dead with lower price ethereum price down drastically and never wake up to higher price again, now ethereum want to upgrade their system but until today price of ethereum look the same and lower price, any one have prediction when ethereum can back to higher price, will be bitcoin halving have effect for ethereum wake up or keep down always on lower price.

from what I know if only upgrading the system will not be able to provide a price increase because the price movement of cryptocurrency depends on demand, when the use of ethereum and demand increases, it can provide many benefits, to support it, it must be able to have projects that can trigger the traders and investors.