PlanB Slams Ethereum, Calls It Centralized and Premined Shitcoin in Latest X Post
- PlanB made a post in which it mentioned that Ethereum (ETH) is eligible on all outlooks to be a “real shitcoin.”
- This comes after Vitalik Buterin’s June 2022 post on X, where he criticized the stock-to-flow model, saying it was “really not looking good now.”
Nearly after three years, PlanB, a Dutch institutional investor and Bitcoin analyst renowned for the Stock-to-Flow model, has recently slammed Ethereum (ETH), calling it a “centralized, premined shitcoin.”
On April 20, PlanB posted on X (formerly Twitter), mentioning that “Ethereum is really not looking good now.” The post further called Ethereum a ‘shitcoin’ and asserted that it is ‘centralized and premined.’ He further added that Ethereum is harmful and deserving of all the mockery they get.
Ethereum is really not looking good now
— PlanB (@100trillionUSD) April 20, 2025
I know it's impolite to gloat and all that, but I think shitcoins like ETH, that are centralized & premined, have PoS instead of PoW, switch supply schedule at will, are harmful and deserve all the mockery they gethttps://t.co/4EAh8LvsvD pic.twitter.com/nLTLqJz4wp
Three years ago, Vitalik Buterin, the co-founder of Ethereum, slammed the anonymous analyst behind Bitcoin’s Stock-to-Flow model of PlanB, which tries to speculate the price of BTC based on the ratio between its current supply and the rate of fresh issuance through mining. Since then, PlanB remained silent on the matter and chose to speak yesterday after three years.
The Conflict of Wills
In June 2022, Buterin posted on X (then Twitter) that Stock-to-flow is really not looking good now. And, this time, the analyst replied in the same manner.
Further, the co-founder mentioned in his post that he knows that it is rude to relish and all that, but in his view, the financial models that give people a false sense of positivity and fate that number-will-go-up are harmful and are worthy of all the mockery they get.
This statement was a jab that came after the price of BTC was parting sharply from the predictions made by the S2F model. Now, it looks like PlanB is doing the same when Ethereum is facing low price actions.
PlanB made another post in which it mentioned that ETH is eligible on all outlooks to be a “real shitcoin.” Also, “ETH does not have a fixed supply schedule” as well as “a monetary policy.” Adding more to this, PlanB mentions that ETH has never surpassed BTC.
He also highlighted that the token distribution model of Ethereum is an issue, mentioning that the dumping from the Ethereum Foundation is “attached to the premine,” which is a big red flag.
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PlanB Slams Ethereum, Calls It Centralized and Premined Shitcoin in Latest X Post
- PlanB made a post in which it mentioned that Ethereum (ETH) is eligible on all outlooks to be a “real shitcoin.”
- This comes after Vitalik Buterin’s June 2022 post on X, where he criticized the stock-to-flow model, saying it was “really not looking good now.”
Nearly after three years, PlanB, a Dutch institutional investor and Bitcoin analyst renowned for the Stock-to-Flow model, has recently slammed Ethereum (ETH), calling it a “centralized, premined shitcoin.”
On April 20, PlanB posted on X (formerly Twitter), mentioning that “Ethereum is really not looking good now.” The post further called Ethereum a ‘shitcoin’ and asserted that it is ‘centralized and premined.’ He further added that Ethereum is harmful and deserving of all the mockery they get.
Ethereum is really not looking good now
— PlanB (@100trillionUSD) April 20, 2025
I know it's impolite to gloat and all that, but I think shitcoins like ETH, that are centralized & premined, have PoS instead of PoW, switch supply schedule at will, are harmful and deserve all the mockery they gethttps://t.co/4EAh8LvsvD pic.twitter.com/nLTLqJz4wp
Three years ago, Vitalik Buterin, the co-founder of Ethereum, slammed the anonymous analyst behind Bitcoin’s Stock-to-Flow model of PlanB, which tries to speculate the price of BTC based on the ratio between its current supply and the rate of fresh issuance through mining. Since then, PlanB remained silent on the matter and chose to speak yesterday after three years.
The Conflict of Wills
In June 2022, Buterin posted on X (then Twitter) that Stock-to-flow is really not looking good now. And, this time, the analyst replied in the same manner.
Further, the co-founder mentioned in his post that he knows that it is rude to relish and all that, but in his view, the financial models that give people a false sense of positivity and fate that number-will-go-up are harmful and are worthy of all the mockery they get.
This statement was a jab that came after the price of BTC was parting sharply from the predictions made by the S2F model. Now, it looks like PlanB is doing the same when Ethereum is facing low price actions.
PlanB made another post in which it mentioned that ETH is eligible on all outlooks to be a “real shitcoin.” Also, “ETH does not have a fixed supply schedule” as well as “a monetary policy.” Adding more to this, PlanB mentions that ETH has never surpassed BTC.
He also highlighted that the token distribution model of Ethereum is an issue, mentioning that the dumping from the Ethereum Foundation is “attached to the premine,” which is a big red flag.
Highlighted crypto news today:
Dogecoin Breaks Out of Descending Triangle Pattern as Bulls Hint Take Over
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