Famous Forecaster Criticizes 2 Giant Altcoins: Ponzi Scheme!

Leading altcoin Ethereum (ETH) has successfully rolled out its biggest update, Merge. However, it cannot be dried from being placed on the target board. Financial expert Max Keizer, now a Bitcoin maximalist, has criticized Ethereum and called it the “Ponzi Scheme”.

Ethereum and Cardano on the target board of Keiser!

Finance expert Max Keiser is also a vocal Bitcoin supporter. Keiser targeted Ethereum, which had successfully undergone a major upgrade like Merge. The finance expert claimed that the leading altcoin project is nothing more than a centralized Ponzi scheme.

The issue came on some speculations regarding the Ethereum supply. One tweet claimed that the current ETH supply is more than the 120.6 million ETH the developers announced. The claimant claimed to have more than 122 million ETH. Keiser also made a comment on this claim.

As you know from Kriptokoin.com, Max Keizer is the enemy of all cryptos except Bitcoin. This isn’t his first attack on Ethereum. Earlier this year, he put the leading altcoin on the target several times. In line with this, he claimed that Ethereum is a centralized scam.

Keizer isn’t just targeting Ethereum. He also dislikes Cardano (ADA), an Ethereum competitor. So much so that he even proposed that authorities kick Cardano out of the state of Wyoming. The Bitcoin maximalist specifically addresses the pro-crypto Senator Cynthia Lummis. She’s not afraid to go to extremes, either. Because he described Cardano founder Charles Hoskinson as a ‘terrorist’. Perhaps the fact that Hoskinson is one of the co-founders of Ethereum causes Cardano to be on target.

Leading altcoin moves to PoS Blockchain with Merge

As you follow on Kriptokoin.com, Ethereum developers performed the long-awaited Merge upgrade on September 15th. With this upgrade, Blockchain finally transitioned to the Proof-of-Stake (PoS) consensus mechanism. However, it has outstripped the energy-intensive, controversial Proof-of-Work (PoW). According to estimates, global energy consumption has dropped by 0.2% as Ethereum adopts PoS.

Leading altcoin reviews from Cardano founder

Meanwhile, Kraken exchange has announced that withdrawals to ETH stakers are planned until the Shanghai upgrade, which will take place half a year after Merge. Thus, Charles Hoskinson set out to criticize Ethereum’s PoS implementation model.

Micah Zoltu, one of the top ETH developers, said that there is no ETA for ETH withdrawals. But he noted that it won’t be possible until about 2024. In this context, the assumption that ETH stakers are wealthy people comes to the fore. Therefore, it is thought that they will not be in a rush to get their ETH back. The Cardano founder immediately responded and criticized Ethereum. He said you don’t need to be rich to stake with ADA. He called this fact the philosophical difference between Ethereum and Cardano.