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Topic: Ethereum upgrade to POS blockchain Vs. Bitcoin Halving[Ian Balina statement] - page 2. (Read 248 times)

legendary
Activity: 2100
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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.
sr. member
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Merit: 251
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.
hero member
Activity: 1106
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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.
sr. member
Activity: 1274
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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.
legendary
Activity: 2100
Merit: 1321
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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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