Stock-to-flow model creator PlanB expressed sharp criticism towards Ethereum and its co-founder Vitalik Buterin, focusing on the network's centralized aspects and technical features of nodes.
PlanB's Stance on Ethereum
PlanB voiced his displeasure regarding Ethereum by commenting on a post by Vitalik Buterin where he mentioned that the S2F model "is not looking good now". In response, PlanB mockingly stated that Ethereum "is really not looking good now".
Technical Aspects of Ethereum Nodes
PlanB pointed out that a full Ethereum node requires nine terabytes of disk space, making it difficult to operate on standard hardware. He also highlighted that Bitcoin nodes require less than 700 gigabytes and are easier to use, which promotes greater decentralization of the network.
Critique of Vitalik Buterin's Influence
PlanB expressed that Vitalik Buterin is a "single point of failure" for Ethereum. However, other experts, such as Jeremiah O’Connor, argue that Ethereum and Bitcoin serve different purposes and that both platforms have their unique features and advantages. O’Connor noted that calling Ethereum a "shitcoin" just because it is not Bitcoin is incorrect.
PlanB's criticism raises important questions about centralization and technical aspects of Ethereum. However, the debate continues, and expert opinions show that both platforms possess unique attributes and purposes.
