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Famous Bitcoin Whale Criticizes Ethereum: “A Staking Marketing Technique!”

The popular Bitfinex whale “Joe007” has compared stakings in the Ethereum ( ETH ) blockchain to a marketing tactic used to persuade unknown Ethereum traders.

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Famous Bitcoin Whale Criticizes Ethereum: “A Staking Marketing Technique!”

Staking means that investors earn money by keeping their crypto money in their wallets for a certain period of time. Joe007, for investors who stake Ethereum on ETH 2.0, will lock their ETH forever; He explained that those who knew Ethereum’s insides and whales would also sell their assets in ETH 1.0. Trader shared these comments on Twitter:

“’ETHEREUM STAKING’ WILL ALLOW GREEDY ETH USERS TO LOCK THEIR ASSETS FOREVER TO USELESS’ 2.0. INSIDERS, WHALES AND THE ETHEREUM FOUNDATION GANG; IT WILL SELL ETH 1.0’S ASSETS WITHOUT RETAIL COMPETITION. JUST LIKE OTHER ETH SCAMS – WISELY. ”

Joe007 made this answer when a user named TylerDurden asked “how much ETH is required for staking” and “whether the process is really worth it”.

Whale also commented on possible Ethereum 2.0 lag

Joe007 also stated that he was not surprised about the delay in the Ethereum 2.0 project and that ETH developers were known for their empty promises:

“AM I SURPRISED THAT THE ETHEREUM 2.0 UPDATE IS DELAYED AGAIN? NO. IN FACT, IF ETH DEVELOPERS EXCEEDED THEIR EMPTY PROMISES AND PRESENTED SOMETHING, MY MOUTH WOULD REMAIN OPEN. ”

Since his return, Joe007 has been quite active on Twitter

Joe007, in early May; When Bitcoin broke the $ 10,000 level, it announced that it would leave Twitter because it lost millions of dollars .However, explaining that Twitter is extremely addictive, the trader returned to the popular social media platform in late June.Almost two weeks have passed since his return, and Joe007 continued to provide valuable information about events in the crypto world. For example, as a result of a viral Tik Tok video, he commented on the last Dogecoin rally :

“HMM, MAYBE IT’S THE BOTTOM SEASON REALLY … TAKE A LOOK AT ALL THOSE TIKTOK KIDS WHO BOUGHT THE ORIGINAL SHITCOIN.”

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