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PlanB Just Called Ethereum a "Centralized Shitcoin" (Again)

The Block Whisperer

April 22, 2025 at 8:39 AMby The Block Whisperer

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PlanB reignites crypto tribalism by calling Ethereum a "centralized shitcoin" over premine and PoS concerns.

PlanB Just Called Ethereum a "Centralized Shitcoin" (Again)
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PlanB decided Bitcoin Twitter wasn't spicy enough this week and chose violence against Ethereum.

The Bitcoin S2F model creator went on a rampage calling ETH "centralized and premined" while throwing around the word "shitcoin" like it's 2017.

Crypto tribalism is alive and well in 2025, and the gloves are officially off.

The Bitcoin Maxi Strikes Back

PlanB isn't pulling any punches with his latest Ethereum critique – he's basically calling it everything short of an outright scam.

His main beef? ETH has too many insiders controlling a significant portion of the supply and network.

He claims that Vitalik is a "single point of failure" that renders the whole decentralization concept a joke.

The premine issue keeps resurfacing – those 72 million ETH (approximately 60% of the current supply) that were allocated to early insiders and the Ethereum Foundation.

PlanB thinks that's a license to dump on retail whenever they feel like it.

PoS Is The Real Enemy

The shift from proof-of-work to proof-of-stake really gets under PlanB's skin like a bad rash.

He argues PoS just makes the rich get richer while small hodlers get squeezed out of meaningful participation.

Ethereum's flexible supply schedule is another target – compared to Bitcoin's rock-solid 21 million cap, ETH's monetary policy feels like it was written on an Etch A Sketch.

"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 get," PlanB ranted to his followers.

That's the kind of talk that makes Ethereum devs reach for the block button.

Node Wars

PlanB also went technical, pointing out that running an Ethereum node is about as accessible as buying a penthouse in Manhattan.

You need 1-2 TB of SSD storage and 16-32 GB RAM just for a basic full node, while archive nodes demand a whopping 12-22 TB.

Bitcoin nodes, meanwhile, can run on hardware that doesn't require a second mortgage.

Critics like Trugard's CTO Jeremiah O'Connor fired back that Ethereum's complexity comes from actually doing stuff beyond just sitting in a wallet.

It's the classic "store of value" versus "world computer" debate that's been raging since Vitalik was writing Bitcoin Magazine articles.

The DAO Rollback That Keeps On Giving

PlanB couldn't resist bringing up the 2016 DAO hack rollback, crypto's equivalent of bringing up an ex's past mistakes during an argument.

He argues that Ethereum's history of changing the blockchain proves it can't be trusted to remain immutable.

The irony is that such a rollback would be nearly impossible now given Ethereum's size and complexity.

Even after major hacks in recent years, the community has firmly rejected the idea of rollbacks.

But for Bitcoin maxis, the DAO incident is the gift that keeps on giving – the perfect "gotcha" moment they'll never let Ethereum forget.

The Maxi Mindset

PlanB's critique is essentially Bitcoin maximalism distilled to its purest form – Bitcoin is good, everything else is bad.

The belief that Bitcoin's fixed supply, proof-of-work, and hands-off development approach make it the only legitimate cryptocurrency is now a matter of faith.

Meanwhile, most of the industry has accepted that we live in a multi-chain reality where different networks serve different purposes.

Bitcoin excels as digital gold while Ethereum powers everything from DeFi to NFTs and DAOs.

It's like comparing a hammer to a Swiss Army knife and getting angry that the hammer doesn't have a corkscrew.

The Regulatory Angle

Ethereum's PoS shift has put it in the SEC's crosshairs, with investigations into whether staking makes it a security.

Meanwhile, that same transition cut ETH's energy use by 99% and new issuance by 90%.

The centralization debate is legit, but it's also becoming a weapon in the regulatory war over crypto's future.

PlanB's attacks may be ideological, but they target precisely the points regulators are most concerned about.

Sometimes Bitcoin maxis and SEC lawyers end up making the same arguments, which is probably the weirdest crossover episode of 2025.

The Never-Ending Holy War

PlanB's ETH rant shows that the ideological divides in crypto are as deep as ever.

While he's preaching to the converted in Bitcoin circles, Ethereum continues attracting developers and users who prioritize utility over monetary purity.

The debate over centralization, supply policy, and governance will only intensify as both networks evolve.

Bitcoin and Ethereum are taking completely different evolutionary paths, with different tradeoffs along the way.

And crypto Twitter will keep arguing about it until the heat death of the universe, or at least until the next bull market makes everyone temporarily forget their ideological differences.

#planb
#ethereum
#bitcoin

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