Why Ethereum Prices Are Falling

in crypto •  2 years ago 

Ethereum recently switched from proof-of-work to proof-of-stake. That was a big mistake.

This makes it very unattractive to investors in America, because the US dollar is already a proof-of-stake currency, so there is no need for Ethereum now. Proof-of-stake is not something I asked for. Programmable money is not something I asked for. Useless features are not attractive. Gas fees are stupid and contrived. Ethereum has also exposed itself to governmental control by an obviously corrupt government. In other words, unlike Bitcoin, Ethereum is not censorship resistant.

I strongly urge people to dump their Ethereum, which is now useless and undesireable, and buy Bitcoin instead. The main reason for this is that the premise of the merge was to make the currency more environmentally friendly, which is a big lie. Bitcoin is vastly more environmentally friendly than the US dollar which is used to ship weapons of mass destruction, literally, and by fiat. It is a fiat currency. Ethereum is now just an extender of that corrupt fiat currency. Bitcoin is far move environmentally friendly than the US stock market. Therefore, the argument that it is too energy intensive is a big lie. It is not. Compared to what? That's the correct question. A currency propped up by usury (which is what interest is) is not a good thing, do you understand? That should be obvious. Ethereum is now as useless as the yield on a typical savings account, which is next to nothing. That should be obvious to everyone.

Stick with proof-of-work currencies. Dump proof-of-stake currencies. Smart people do not want proof-of-stake currencies. Corrupt governments want the proof-of-stake currencies. Smart people can tell that even DOGE is more desireable than Ethereum now, because while it is infinite in supply, it still has to be mined. In other words, if you can get it without work, it's fundamentally worthless. What's desireable about proof-of-work currencies such as Ethereum Classic, Bitcoin, and DOGE is that if you don't work, you can't get any. That's a huge moat, and as investor, I love huge moats. The dollar on the other hand is a hand out welfare currency used to prop up a regime that ships weapons of mass destruction around the world and steals elections. Ethereum is now proof-of-stake, just like the US dollar, which is a negative attribute to have. The fact these imbeciles made such a vast error in judgement, is hugely beneficial to the Bitcoin holder, and DOGE.

Ethereum never won me over. I took the time to read up on it, and found absolutely nothing compelling about it. Bitcoin on the other hand is desireable by design. The fact people can mine it is a good thing. Dump Ethereum. It's trash. Bitcoin is all you need. You don't need programmable money. No one does. Bitcoin is sufficient. The Brave Browser used an Ethereum Token to fund itself. It didn't work. What more do you need to know? Ethereum is what happens when you allow the monkey to run the circus from the cage.

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