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Not sure what Bloomberg is looking at but most mainstream sites are writing articles with information in it that is just wrong or FUD like. Ethereum as an exam
by electic 9y ago
Not sure what Bloomberg is looking at but most mainstream sites are writing articles with information in it that is just wrong or FUD like.
Ethereum as an example, is near an all time high as PoS nears. Many other tokens with unique use cases like NEO and XMR are at all time highs as well.
- ukulele 9y agoWhat is PoS?
- grzm 9y agoDepends greatly on context, but here it refers to Proof of Stake. https://en.bitcoin.it/wiki/Proof_of_Stake https://en.bitcoin.it/wiki/Proof_of_Stake
- dahdum 9y agoIn relation to price, PoS removes the energy expenditure required to mine coins. Without constant selling pressure of miners selling to cover electricity costs, price may rise.
- deleted 9y ago[deleted]
- electic 9y agoProof of Stake. [1] [1] https://en.wikipedia.org/wiki/Proof-of-stake https://en.wikipedia.org/wiki/Proof-of-stake
- lrns_ 9y agoIt's not because of PoS. Ethereum is just recovering from a bear market in BTC/ETH pair. Look at the orange line https://coinmarketcap.com/currencies/ethereum/ https://coinmarketcap.com/currencies/ethereum/.