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Comment by everfree

Sui didn't halt because of PoS, it halted because of poor coding practices. Solana isn't rigged because it's PoS, it's rigged because its token is distributed mostly to insiders.

> What you are repeating is the same PoS nonsense. Get out of here.

That's rude and unhelpful.

> Eth drove off a cliff when it went PoS.

ETH is the only PoS token that's been performing relatively poorly lately, and it's still in the #2 spot by market cap. (And #1, surpassing Bitcoin, by most other network metrics).

> The billionaires were dumping Sol on retail last cycle.

Because they gave themselves a bunch of Sol. Fairly distributed PoS coins are not like this.

> Eth was “premined”.

103 million of the current 120 million ETH (89%), you or I or anyone could have bought at the public token presale or mined since then. No one person owns more than 0.25% of the supply. That's hardly "premined".

Compare that to Bitcoin, where Satoshi mined 5% of the supply while the network was little more than a whitepaper and a repo. That's 20x the largest holder of ETH, and it's a real risk that those keys come alive again some time in the future and cause a panic in the markets.

parent everfree 1 year ago

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