PlanB Fires Back at Vitalik Buterin: Calls Ethereum a "Centralized Premined Shitcoin"

Anonymous Analyst Slams Ethereum's Fundamentals in Heated Crypto Clash

Hold onto your hats, crypto fans! The gloves are off in a fiery feud between anonymous analyst PlanB and Ethereum co-founder Vitalik Buterin. Nearly three years after Buterin threw shade at PlanB's Stock-to-Flow model, PlanB is hitting back hard, labeling Ethereum a "centralized premined shitcoin."

In a no-holds-barred post on X, PlanB, the mastermind behind Bitcoin's Stock-to-Flow model, unleashed a scathing attack on Ethereum. He didn't mince words, claiming that the project is in worse shape than ever. PlanB went on to say that centralized, premined coins like ETH, with their proof-of-stake instead of proof-of-work and a supply schedule that can change on a whim, are toxic to the crypto space and deserve every bit of ridicule they get.

"Ethereum is really not looking good now. I know it's not cool to gloat, but I'm calling it like I see it. Shitcoins like ETH, that are centralized & premined, have PoS instead of PoW, and can switch up their supply schedule whenever they feel like it, are straight-up harmful and deserve all the mockery they can get."

PlanB didn't stop there. In another X post on April 20, he doubled down, saying, "Ethereum is really not looking good now," and adding that "shitcoins like ETH, that are centralized & premined" are "harmful and deserve all the mockery they get."

This verbal onslaught comes nearly three years after Buterin took a swipe at PlanB's Stock-to-Flow model, which tries to predict Bitcoin's price based on the ratio between its existing supply and the rate of new issuance through mining.

Buterin didn't hold back either, posting back in June 2022, "Stock-to-flow is really not looking good now. I know it's not cool to gloat, but I think financial models that give people a false sense of certainty and predestination that number-will-go-up are harmful and deserve all the mockery they get." This was a direct shot at PlanB's model, especially as Bitcoin's price was veering off course from the S2F projections.

Now, PlanB is returning the favor with a vengeance, as Ethereum struggles to gain any real price momentum. The crypto world is watching with bated breath as the Ethereum Foundation keeps dumping tokens, raising eyebrows left and right across the industry.

In yet another X post, PlanB went in for the kill, saying that Ethereum "qualifies on all aspects" to be a "real shitcoin" because it has "no fixed supply schedule" or "monetary policy." He also threw shade at ETH's performance, claiming it has never outshone Bitcoin. PlanB didn't stop there, pointing the finger at Ethereum's token distribution model and the Ethereum Foundation's token dumps, calling it a "big red flag" and saying it "comes with the premine."