Is it true that everything you comment could be said about all currencies, even BTC? No one in their right mind would believe that those who have invested millions will never sell.

This is a detail about Ethereum that almost nobody remembers:

In 2018, Ethereum almost made a decision that could have changed everything.

The proposal was called ProgPoW.

Miners loved it.

It would have kept Ethereum on Proof of Work for longer.

More mining.
More rewards.
More control for them.

Vitalik didn't like it.

At that time, miners had a lot of influence.

If ProgPoW had passed, Proof of Stake would probably have been delayed.

Maybe for years.

Ethereum was still inflating around 4–5% per year.

Millions of ETH being issued annually and Vitalik pushed in the opposite direction.

He supported the difficulty bomb and maintained pressure towards the merger.

People called him paranoid.
Some said he was ignoring the miners.

ProgPoW was never implemented.

Ethereum stayed on the path towards Proof of Stake.

In 2022, the merger finally happened.

Mining ended.
Issuance fell drastically.
Inflation collapsed.

If Ethereum had stayed on Proof of Work:

They would have had more inflation and more long-term selling pressure.

In 2026, Ethereum has hundreds of billions in value.

Most people don't remember how close it was to going the other way.
$ETH
{spot}(ETHUSDT)
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