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: PlanB
In 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 Ethereum
In a separate X post, PlanB explained