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53074781 No.53074781 [Reply] [Original]

During the PoW days, if miners (after all expenses considered) were below the profitability threshold they could hold on to their mined ether and wait until market bounced back, or at least until the value of ether matched that of their mining expenses. But with PoS, all this becomes superfluous as miners (or validators nowadays) can dump ether nonstop when the mining expenses are almost inexistant. Is this not a big issue? I don't think PoS is viable long-term.

>> No.53074861

>>53074781
It likely isn't good and I could see ETH being phased out of #2 as L2s continue developing. What else does ETH have in the near or distance future? Does VB even do anything for it anymore?

>> No.53076159

>>53074861
My question is strictly from an economics point of view. The fact that producing blocks takes little to no resources (beside the initial 32 ETH investment), there is no incentive to hold ether. With PoW, since making blocks costs energy, you might hold from dumping the mining rewards until it becomes profitable. So there is an incentive to hold it. But with PoS, validators are encouraged to dump into perpetuity.

>> No.53076268

it would be bad if ethereum matterred.

>> No.53076465

Isn't ETH deflationary now?

>> No.53076497

What sets ETH apart from the crowd now that you cannot mine it for a decent profit?
>inb4 first mover advantage
Its going to die a gradual death and will be replaced in the near future by something that can function as a layer one without relying on layer twos and side chains. Mining was the only thing that set ETH apart from others.

>> No.53076579

>>53076465
not yet, but its a lot less inflationary then it was, by a lot. it will become deflationary next bull run as more people buy and burn it.

>> No.53076597

>>53074781
>Is PoS killing Ethereum?
I don't know about PoS but the SEC sure will.

>> No.53077700

literally already dead, wtf is wrong with ethfags

>> No.53077794
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53077794

>>53074781
Your image is beautiful. I did not read your text.

>> No.53078285

>>53074781
The fact that they get only 1/8 of what miners get makes it way better then miners not selling low, also miners often sells low see Bitcoin miner Capitulation

>> No.53078296

>>53076159
>there is no incentive to hold ether.
Lol there is since it gives apy

>> No.53078304

>>53076597
Lame duck cant even kill xrp

>> No.53078538
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53078538

PoS AND FEE BURNING IS JUST MAKING THE BIG ETH HOLDERS RICHER, PoW WAS GOOD BECAUSE IT DILUTED THE SHARE OF THE BIGGEST WHALES AND NOW THEY JUST CHANGED IT FOR NO REASON, SERIOUSLY, NO REASON, LITERALLY NONE, ENERGY IS JUST A MEME, IT DOES NOT INCREASE SCALING, IT HAS NO FUCKING FUNCTION OTHER THAN MAKE WHALES RICH, AND EVERYONE WAS FINE WITH IT BECAUSE LINE GO UP, ETH COULD HAVE BEEN SOMETHING GREAT AND NOW IT LITERALLY DOES NOT HAVE A FUTURE ANYMORE. IT'S SO TRAGIC

>> No.53078674

>>53078538
>EVERYONE WAS FINE WITH IT BECAUSE LINE GO UP
it didn't even do that, and it won't. they sold out to institutions (bankers) for nothing lmao

>> No.53078724

>>53078674
I assume it will, the narrative meme is strong and I think in the next bull we will see eth go ballistic. They just need to hope L2 is figured out by then.

>> No.53078771

>>53076579
I might buy 1 ETH right now based on this post alone. Should I do it or wait for 3 figs?

>> No.53078825

>>53078724
2020-22 meme mania is over, no one wants your eth bags. you should have sold last year

>> No.53078892

>>53078825
did you even read my rant post above