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Topic: PoS vs PoW later this year - page 2. (Read 458 times)

sr. member
Activity: 1456
Merit: 326
Eloncoin.org - Mars, here we come!
June 22, 2022, 07:16:35 PM
#30
PoS has benefits but it end up look like banks and other large groups of people with lots of money. The big new stake pool can only be started if there are enough people to invest, but few rich people can start a pool and keep on enlarging their wealth. POW gives equal power, plus people with math or tech skills usually earn more. POW also has wealth element but skills are needed too. PoS seems wealth focused only.
member
Activity: 237
Merit: 19
June 22, 2022, 01:17:37 AM
#29
Many are waiting for it and Now the price of Ethereum is $1670 what will happen if Ethereum if all stages are completed in the future?

Let's do the math
Lowest price now is $1700 highest $4800 (approx)
Eth 2.0 will kill off 90% of its coin generation (triple halving).
A halving should in theory double the price.
A triple halving is 8x the current price.

So anywhere from $13600 to $38400 per ETH is a sane estimate.
What type of prediction is this? 🤣🤣🤣 I believe the only thing that makes Ethereum to be as good as it is today is the Smart contract and PoW algorithm, getting rid of the PoW algorithm won't do any good, PoS? Lol PoW is always better, I thought Buterin knows better, I was wrong.
hero member
Activity: 2268
Merit: 507
June 21, 2022, 06:57:26 PM
#28
Im sure that if there will be no change until bitcoin will become bullish trend again. Just feel curious when the POS will be implemented and is this mean if ethereum will become deflationary coin?
The burn mechanism is still exist and then no new coin will be generated from the market. POS and POW have become the problem since a few years ago where some people said that POS was better and more conservative but this less decentralized compared with the POW.
Some people were also thinking that if POW was perfect.
legendary
Activity: 3710
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
June 21, 2022, 12:40:52 PM
#27
The increasing number of governments that require more and more renewable energy and the amount of consumption in mining world made it a bit of forced thing to go on in the future. ETH did not force themselves to do this, they took an early action because they are famous for being many many years in the work before they can actually implement something.

This resulted with them making the first initial steps a few years ago, and it will probably not end this year, questionable even for next year but will need to go there. This will allow everyone to keep on making money from staking something as awesome as ETH, and there won't be any need to sell to pay the electricity bills of mining, plus everyone will have more reason to buy now.
jr. member
Activity: 840
Merit: 6
June 20, 2022, 12:34:06 PM
#26
Many are waiting for it and Now the price of Ethereum is $1670 what will happen if Ethereum if all stages are completed in the future?

Let's do the math
Lowest price now is $1700 highest $4800 (approx)
Eth 2.0 will kill off 90% of its coin generation (triple halving).
A halving should in theory double the price.
A triple halving is 8x the current price.

So anywhere from $13600 to $38400 per ETH is a sane estimate.
Woah, hold your horses there bucko. 1. You are assuming everything goes well in the merge and sharding. 2. You forget that 38000 dollar ETH means 1500 dollar gas fees, which means most people will be using other chains, not Ethereum, which means the price will never get that high because nobody will be using it. I believe Ethereum will do well long term but only because it will be integrated with Flare and the internet computer, not because of its inherent technology or number of users.
hero member
Activity: 2156
Merit: 575
June 19, 2022, 02:51:13 PM
#25
Just because there is a big market fall, doesn't mean that ETH is responsible for it, nor should we consider ethereum to be doing badly individually neither since this is a general thing. I am hoping that it would get better all together but thats not looking like a likely thing at all right now. I am guessing that the best thing we can do right now would be to just hodl and wait. ETH will have a big chance to provide proof that PoS will be a lot better, because the biggest problem ETH faces right now is the gas fee when bull run happens, if PoS can fix that then everyone will love it, if it can't fix it then getting rid of GPU miners won't make much financial advantage.
full member
Activity: 1568
Merit: 100
COMBONetwork
June 19, 2022, 02:27:18 PM
#24
we must know the difference between POS and POW first before thinking that both are good algorithms for Ethereum,
and in my opinion Ethereum is much better using POW, and I think if Ethereum moves to POS, then Miners will also move to other coins,
this is what will make disaster for Ethereum, and there are already a lot of rumors regarding the next ETH,
on twitter they say Ravencoin will be a good successor.
hero member
Activity: 2688
Merit: 588
June 16, 2022, 04:10:48 PM
#23
ETH is below its 2017 ATM. And all this due to the stETH depeg. If this was a bull market it wouldn’t of been a big deal but on a weekend when liquidity is low it’s crazy how fast it has fallen.

If the stocks have a bad week, you can see it fall closer to the $1000 area. Most likely won’t be the bottom. Too much bearish news out lately and I wonder when we will get some relief. The CPI numbers certainly made things much much worse.
ETH and stETH are not linked together, dude. Only one way from ETH to 'voucher' stETH that I really don't understand why people trade their ETH for that shitty coin and the empty promise of staking. stETH can drop down to zero for all I care and ETH still stand. Maybe when people start to understand that, ETH can stop being fud by some shitcoin trying to link and peg to ETH.
For a potential to make more money? I do not know why they do it, I have zero idea why anyone would give the real thing and take the fake thing and be okay with it, hell IU do not put my money into stablecoins with the same mindset.

However, I could sort of understand how people are making a mistake with the current situation, everything is chaotic at this point and that is why they are making these radical moves so that they could protect at least a bit of their money. For me, I would only come up with "making more profit this way" as the only solution, all the others are looking like it would be a bad decision and I wouldn't really invest any other reason.
full member
Activity: 274
Merit: 101
June 15, 2022, 09:14:19 AM
#22
ETH is below its 2017 ATM. And all this due to the stETH depeg. If this was a bull market it wouldn’t of been a big deal but on a weekend when liquidity is low it’s crazy how fast it has fallen.

If the stocks have a bad week, you can see it fall closer to the $1000 area. Most likely won’t be the bottom. Too much bearish news out lately and I wonder when we will get some relief. The CPI numbers certainly made things much much worse.
ETH and stETH are not linked together, dude. Only one way from ETH to 'voucher' stETH that I really don't understand why people trade their ETH for that shitty coin and the empty promise of staking. stETH can drop down to zero for all I care and ETH still stand. Maybe when people start to understand that, ETH can stop being fud by some shitcoin trying to link and peg to ETH.
jr. member
Activity: 840
Merit: 6
June 15, 2022, 06:16:43 AM
#21
Many are waiting for it and Now the price of Ethereum is $1670 what will happen if Ethereum if all stages are completed in the future?
I think Ethereum will fall below 500 usd before we see a move towards an ATH. A lot of people and institutions are being liquidated right now, which is causing a price cascade down. I'm investing in new projects that launched recently (like CNDL and Lumina1), that way there aren't any bagholders looking to dump on me.
legendary
Activity: 1512
Merit: 1005
June 12, 2022, 11:39:07 PM
#20
Many are waiting for it and Now the price of Ethereum is $1670 what will happen if Ethereum if all stages are completed in the future?

At the moment, the price of Ethereum is $1380 and it is likely to drop even more. However, this has nothing to do with the fork, it's just that the entire cryptocurrency market is in a bearish market.
Everything indicates that the trend is towards PoS. However, whether the change from PoW to PoS will have a positive impact on the Ethereum price depends mainly on whether the transaction fee price drops. If the amount of the fee remains unchanged, I do not think the fork will have any impact on the Ethereum price.
legendary
Activity: 3808
Merit: 1723
June 12, 2022, 10:59:34 PM
#19
ETH is below its 2017 ATM. And all this due to the stETH depeg. If this was a bull market it wouldn’t of been a big deal but on a weekend when liquidity is low it’s crazy how fast it has fallen.

If the stocks have a bad week, you can see it fall closer to the $1000 area. Most likely won’t be the bottom. Too much bearish news out lately and I wonder when we will get some relief. The CPI numbers certainly made things much much worse.
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
June 12, 2022, 09:55:18 PM
#18
The first thing that I've thought of is the supply of GPUs, there will be more again in the market and supply will be flocking again so that means a lower price for GPUs and I can buy a new one, hehe.  Grin
Talking about the possible price of Ethereum, it's only one way up and there would be some scenarios like what we're experiencing right now and it's a normal thing. Eventually, if the transition is a success, we'll not see the impact of it as soon as possible. Just like halving for its effect, we'll see that after several months.

My take on eth price in the future is, they will further increase its value in the market as it is not developed by scam artists. PoS or PoW, it doesn't matter to me. As long as the eth dev team is continuously innovating their network, they can do whatever is necessary to catch the changing requirements of the community. I have high regards on eth dev team, so I believe, they won't fail their supporters. We may not see the steep climb but that's fine, as long as they are developing a significant improvement in their network, the increase of value will come later.
Well, making it on PoS, we'll see if it's going to be a success on its development. But I'm sure that being at the top of the market makes it stronger and will have its great run as it leaves PoW. I have trust on the development team of Ethereum. Vitalik is no longer a billionaire and I guess that he's going to do everything they can to push up the value of his holdings which is mostly in Ethereum. Right now, as what we can see on its continuous drop. This is a great opportunity that we can take heed before it recovers. ETH is just one of it so settle all the technicalities and get some on your position.
legendary
Activity: 3752
Merit: 1415
June 12, 2022, 06:56:44 PM
#17
Many are waiting for it and Now the price of Ethereum is $1670 what will happen if Ethereum if all stages are completed in the future?

I don't it will have any affect on the price of eth.  It shoukd one already be priced in.  And second market forces will weigh more heavy on the price than a change from PoW to PoS
full member
Activity: 1848
Merit: 158
June 12, 2022, 06:49:23 PM
#16
The first thing that I've thought of is the supply of GPUs, there will be more again in the market and supply will be flocking again so that means a lower price for GPUs and I can buy a new one, hehe.  Grin
Talking about the possible price of Ethereum, it's only one way up and there would be some scenarios like what we're experiencing right now and it's a normal thing. Eventually, if the transition is a success, we'll not see the impact of it as soon as possible. Just like halving for its effect, we'll see that after several months.

My take on eth price in the future is, they will further increase its value in the market as it is not developed by scam artists. PoS or PoW, it doesn't matter to me. As long as the eth dev team is continuously innovating their network, they can do whatever is necessary to catch the changing requirements of the community. I have high regards on eth dev team, so I believe, they won't fail their supporters. We may not see the steep climb but that's fine, as long as they are developing a significant improvement in their network, the increase of value will come later.
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
June 12, 2022, 06:44:58 PM
#15
Nothing happened. Just because ethereum doing merged and it doesn't mean if ethereum will be pumped so high. That's quite different when we are talking about the hype. We are still in the bearish market. POS was not good at all. This is making the network become unstable. ethereum is so good with the POW and why do the developers need to change it into the POW? that's making the blockchain became unstable network and this is bad for all of people who actively used ethereum.
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
June 12, 2022, 06:40:11 PM
#14
The first thing that I've thought of is the supply of GPUs, there will be more again in the market and supply will be flocking again so that means a lower price for GPUs and I can buy a new one, hehe.  Grin
Talking about the possible price of Ethereum, it's only one way up and there would be some scenarios like what we're experiencing right now and it's a normal thing. Eventually, if the transition is a success, we'll not see the impact of it as soon as possible. Just like halving for its effect, we'll see that after several months.
legendary
Activity: 2338
Merit: 1261
Heisenberg
June 12, 2022, 03:29:30 PM
#13
POS is indeed a good algorithm, because it doesn't consume electricity like in POW, so many people say PoS is better than POW,
Because sacrificing the network' security for a less power consuming POS is genius? Wow

Ethereum is going down even harder than before. It seems like mostly of people are starting to distrust this token.
Or it's just the bear market being the way it has always been.
newbie
Activity: 21
Merit: 1
June 12, 2022, 01:02:55 PM
#12
too many variables, miners will find it less attractive to deal with eth, so you'll lose the miners market.
transaction fees will still be high after the merge, making ethereum less attractive.
PoS will make price predictions more difficult because a large portion of ethereum will be locked away for staking rewards.
fears the upgrade might have some bugs.
fears the merge will be delayed.
good luck catching the top or bottom with all these factors
full member
Activity: 1110
Merit: 104
June 12, 2022, 12:09:25 PM
#11
Many are waiting for it and Now the price of Ethereum is $1670 what will happen if Ethereum if all stages are completed in the future?
to be honest i just heard about the change from POW to POS, and it is my favorite altcoin, yup Ethereum,
POS is indeed a good algorithm, because it doesn't consume electricity like in POW, so many people say PoS is better than POW,
but I I think this will make Ethereum even more unattractive, as many miners will switch to mineable altcoins
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