Bitcoiner PlanB slams ETH: ‘Centralized & premined’ shitcoin
Pseudonymous Bitcoin stock-to-flow (S2F) model creator PlanB attacked Ethereum and mocked the project’s co-founder, Vitalik Buterin.PlanB mockingly reposted a June 2022 X post by Buterin in which the Ethereum co-founder said S2F “is really not looking good now.” PlanB responded with a new posting stating, “Ethereum is really not looking good now.”Source: PlanBIn his response to Buterin’s criticism from years ago, PlanB claimed Ethereum and the network’s coin, Ether (ETH), are centralized and premined, pointing to its shift to proof-of-stake (PoS) and changes in its issuance rate. He said that those features “are harmful and deserve all the mockery they get,” echoing Buterin’s old comment about S2F.Related: Bitcoin analyst PlanB transfers Bitcoin to ETFs to avoid ‘hassle with keys’PlanB’s criticism of EthereumIn a separate X post, PlanB explained that an Ethereum full node requires nine terabytes of disk space, meaning he “can not run it” on his hardware. The kind of node in question is probably an Ethereum archival node, which, according to Etherscan data, requires over 21.8 terabytes (TB) with the Geth client.An Ethereum full node running the Geth client that prunes older states with the default settings requires 1.28 TB, according to Etherscan data.
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Source: cointelegraph.com
Published: April 21, 2025
