RE: Market update Sunday February 18th 2018: Bitcoin corrects from 2018 ATH, and Vitalik spread FUD's
Ouch..that's some nice info man. Something I have to really think about.
What do you think of these arguments?
It will be incredibly bullish for many reasons:
There will be a moderate increase in demand for ETH since it will become an income generating asset.
The ETH staked will be locked up and significantly decrease the circulating supply.
Currently there is no supply cap on ETH and the rate of issuance of new ether via proof-of-work is extremely high. Once ETH transitions to proof-of-stake, the inflation rate will likely be less than 3%. It will even be possible to decrease the overall supply of ETH by burning transaction fees.
Proof-of-stake is prerequisite for certain scaling improvements, such as sharding.
The network will be much more secure since proof-of-stake is much more resistant to 51% attacks than proof-of-work.
I agree on the first points, but don't agree on the last. I think PoW is way more secure and proven on big scale. Changing from PoW to PoS with a big and heavily used network as Ethereum is is also a bit experimental. If ETH was my main investment I wouldn't be happy that they risk my money that way (thats why I sold off some). Even if it is bullish overall, I think it will be a long way full of uncertainty to come there.
Thanks for your thoughts on this!