PoS definitely going to cut the GPU middle man in the PoW of ETH and help to increase its price. The reason behind it is very simple to understand. Miners of PoW have to pay for electricity as well as to cash out their ETH just got it to fiat to cover the ROI cost. Result of it, ETH couldn't have a high price since PoW miners of ETH always want to sell the coin. Enough fiat after ROI turns to reinvest in the new GPU rigs, net profit right away for GPU manufacturers and resellers, scalpers but the risk push to the miners. And then the process starts again.
With PoS, the GPU middle man won't have a pie in this new network. Now you can mine ETH directly with your own ETH -> the money stay in ETH! Less risk for the PoS miners, less chance of them doing the cut loss while under the stress of having to cover ROI. ETH more likely becomes a long-term investment for everyone, both holders/miners in this case. This is why people speculated that with the PoS, ETH's price more easily goes up, better buying it now when PoS testnet wasn't merged with mainnet yet.
Topic: PoS vs PoW later this year - page 3. (Read 401 times)
After what happened with Luna, everyone should understand that Proof of Stake is a dangerous model.
If there is a loophole in the code or a scenario that makes everything collapse dramatically, this will cause the price to collapse severely in a short time.
Therefore, I see that it will be postponed for as long as possible to make mining profitable, and then it will be switched to proving the property after carefully reviewing the codes.
If one of these steps is rushed, it is the end of most alternative currencies and a correction of more than 70% for the price of Bitcoin.
If there is a loophole in the code or a scenario that makes everything collapse dramatically, this will cause the price to collapse severely in a short time.
Therefore, I see that it will be postponed for as long as possible to make mining profitable, and then it will be switched to proving the property after carefully reviewing the codes.
If one of these steps is rushed, it is the end of most alternative currencies and a correction of more than 70% for the price of Bitcoin.
What happened with Luna is what happens if you are backed by nothing and have a less than 1-to-1 collateral.
Aka floating coins.
Also giving off way too high profits basically making it a Bernie Madoff style investment. They got tested and failed.
So please don't say PoS is the problem. It was the shit idea and shit fundamentals behind it that failed.
This is the difference between altcoins and shitcoins
I highly doubt the merger will happen this year, how many times have the release dates been postponed already. If we talk about price, I expect ETH price to grow in the long term, even with PoS transition. At the moment, a lot of ETH coins are leaving exchange wallets. Investors prefer to keep ETH in cold wallets, though one can still assume that it goes to preparation for ETH staking.
After what happened with Luna, everyone should understand that Proof of Stake is a dangerous model.
If there is a loophole in the code or a scenario that makes everything collapse dramatically, this will cause the price to collapse severely in a short time.
Therefore, I see that it will be postponed for as long as possible to make mining profitable, and then it will be switched to proving the property after carefully reviewing the codes.
If one of these steps is rushed, it is the end of most alternative currencies and a correction of more than 70% for the price of Bitcoin.
If there is a loophole in the code or a scenario that makes everything collapse dramatically, this will cause the price to collapse severely in a short time.
Therefore, I see that it will be postponed for as long as possible to make mining profitable, and then it will be switched to proving the property after carefully reviewing the codes.
If one of these steps is rushed, it is the end of most alternative currencies and a correction of more than 70% for the price of Bitcoin.
Ethereum is going down even harder than before. It seems like mostly of people are starting to distrust this token. Please watch it again. moving to the POS didn't mean if that would be good for ethereum. There are so many speculations if the price will be coming back again to the 3 digits. It's too early to say that ethereum may be doubled after pos will be fully completed. It may go down to the 1k rate soon. Ethereum just still remain hybrid rather than fully moving to the POS
ETH 2.0 is going to have less tokens and more utility which in my books is profit.
1. Ethereum Ropsten testnet has been successful.
2. Next is Sepolia Testnet.
3. Continue to Goerli Testnet.
What happens next for Ethereum Bullish or will it keep crashing down??
I think it's bullish unless the merge fails. But I have great faith in the devs...
Ethereum is going down even harder than before. It seems like mostly of people are starting to distrust this token. Please watch it again. moving to the POS didn't mean if that would be good for ethereum. There are so many speculations if the price will be coming back again to the 3 digits. It's too early to say that ethereum may be doubled after pos will be fully completed. It may go down to the 1k rate soon. Ethereum just still remain hybrid rather than fully moving to the POS
ETH 2.0 is going to have less tokens and more utility which in my books is profit.
1. Ethereum Ropsten testnet has been successful.
2. Next is Sepolia Testnet.
3. Continue to Goerli Testnet.
What happens next for Ethereum Bullish or will it keep crashing down??
Ethereum is going down even harder than before. It seems like mostly of people are starting to distrust this token. Please watch it again. moving to the POS didn't mean if that would be good for ethereum. There are so many speculations if the price will be coming back again to the 3 digits. It's too early to say that ethereum may be doubled after pos will be fully completed. It may go down to the 1k rate soon. Ethereum just still remain hybrid rather than fully moving to the POS
People are scared of change. It will go up once the merge is done.
The merge could fail and then you will be right but if it succeeds...
ETH 2.0 is going to have less tokens and more utility which in my books is profit.
Ethereum is going down even harder than before. It seems like mostly of people are starting to distrust this token. Please watch it again. moving to the POS didn't mean if that would be good for ethereum. There are so many speculations if the price will be coming back again to the 3 digits. It's too early to say that ethereum may be doubled after pos will be fully completed. It may go down to the 1k rate soon. Ethereum just still remain hybrid rather than fully moving to the POS
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.
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?
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