Ethereum Class (ETC) is getting all the ETH miners to switch over sooner than expected!
I told you all in the last thread that ethereum miners would HAVE to move to ETC mining quickly. Many of you brainlets said it would be a 2 year transition (though even ethereum foundation said 1 year) NOW they are looking to push to PoS as FAST AS POSSIBLE. which is what I fucking told you.
Ethereum PoW ending very soon. Confirmed by Vitalik.
OP
Vitalik
Yes, ETC is an easy 3-5x from this.
The amount of tards that are sleeping on this obvious play is hilarious. Fucking free money.
ETC is a dead coin that should go to 0, like all those worthless PoW coins
>can't even type out "Classic" because of your extreme focus issues
>expecting me to listen to anything your drug addled mind has to say
>cant we all just go back to rent seeking with our PoS invention
not going to happen rabbi
he's right though, nobody builds anything or does anything on ETC
PoW is all that gives crypto any value, good game sabotaging your own currency
go to coingecko, what coin is the first? yes, a pow coin
keep seething
I'm not a faggy "tech type" that argues php vs ruby.
Its simple to comprehend: Where is hundreds of millions (billions?) in ETH mining equipment going to go once ETH 2.0 goes full rabbi-coin?
i should have added, except bitcoin
>nobody wants ETC
>they switch to ETC, have to sell to cover electricity
>nobody's buying that shitcoin
>ETC crashes to 0
how would more miners on ETC translate to higher coin price?
Liquidation.
Most miners cant mine some shitcoin at a loss, nobody cares about ETC.
as if they don't also have their fingers in other aspects of eth ecosystem which will switch in concert to etc....
this investing thesis isn't "etc is going to flip eth" its simply "etc is going to 3-5x current value in short term"
stay poor homo
As fast as possible?
Nibba they been promising pos since 2016
Based and true.
>muh mining is what drives crypto value
>t. ETC bagholder who wants to exit his bag
Can someone explain why a coin that has limitless supply like Ethereum have any value?
Not trolling, my crypto portfolio is
>70% Bitcoin
>15% XRP
>15% Linkies
And I always looked into getting Ethereum but there's no coded end of supply
>just time the top so you don't get dumped on
Yeah, nah.
this right here. pow creates downward pressure on prices due to miners selling. if demand is high enough, it will absorb the sell pressure (btc, eth). else it will tank the price until it's not profitable to mine anymore and miners move away to another network or turn off their gpus/asics/fpgas.
>asking why eth has any value
>hold XRP and LINK
lmao
there’s a high chance eth will become deflationary at some point in the future on 2.0 and no hard cap is more sustainable long term though its not as susceptible to cycles as BTC with its halvings
im still waiting for someone to explain how exactly more miners would make etc pump
because what humans decide have value is a collective hallucination. a painting that looks worthless to you can be worth millions.
One word: usability.
Practically no one uses Bitcoin or XRP for its intended purpose: as currency.
And LINK is still currently vaporware.
distributed ledgers are more robust if there are many copies and many miners/validators. protocol inefficiencies are multiplied by the number of nodes. to keep transaction costs at a minimum and transaction speeds high, a distributed ledger should aim for the most efficient protocols that are practical.
hashcash was literally made to be inefficient, as a stop-gap measure for email spam. why anyone thought it would be a good basis for distributed ledger technology is beyond me.
This.
There's zero demand for ETC.
Just because ETC gets more miners doesn't mean that it's going to get more demand.
for miners who aren't invested in ASICs, i can see an exodus to cryptos with tail emission like xmr and etc.
>Practically no one uses Bitcoin or XRP for its intended purpose: as currency.
No, it's going as planned. Hal Finney predicted this in 2011
>PoW is all that gives crypto any value
No. You had to work for that USD that you put into a PoS coin.
Take meds your
Because demand continues to outpace the inflation.
Link already secures billions in value and they're not even at version 1.0 yet.
It's simple speculation that miners want to still mine and shifting to ETC effectively makes the network more secure which natively increases the "speculation" that developers will make dApps for it.
>"Bitcoin transactions will be as rare as.. well, as bitcoin based purchased are today".
kys newfag
how many ETH to hold for max PoS benefits quick
gonna market buy rn if you anons tell me
>miners switch to ETC
>hashpower rises exponentially
>miners switch to $xfagcoinx$
yeah nah, go away
>XRP has a max cap of 100bn
>Chainlink has a max cap of 1bn
>Bitcoin has a max cap of 21m
ETH has no real monetary policy, I can back the proof of stake but I don't see how ETH can increase in value substantially. It's no different than fiat currency hence the max I do is swing trade with it.
Incorrect
PoW will still exist within the ETH 2 chain for years to come
32 eth