Crypto analyst PlanB, the mind behind the famous Bitcoin Stock-to-Flow model, didn’t hold back in his latest criticism of Ethereum. In a sharp post on X (formerly Twitter), PlanB took aim at the second-largest cryptocurrency, calling it a “centralized premined shitcoin.”
This jab comes nearly three years after Ethereum co-founder Vitalik Buterin publicly mocked PlanB’s model, saying it gave people “a false sense of certainty” about Bitcoin’s price projections. At the time, Buterin’s tweet gained traction as Bitcoin’s price dipped far below what the S2F model predicted.
Fast forward to now, and it seems PlanB is getting the last word—at least in his eyes. He accused Ethereum of having no fixed supply schedule, no solid monetary policy, and being overly reliant on centralized control. According to him, these are all signs of a “real shitcoin.”
He also pointed out how Ethereum has never outperformed Bitcoin over the long term and criticized the Ethereum Foundation’s regular token sales, saying they highlight the risks of a premined system.
PlanB’s comments are resonating with some Bitcoin supporters who believe that Ethereum’s switch to proof-of-stake and its more flexible design make it less secure and trustworthy than Bitcoin. Others, however, argue that Ethereum’s versatility and smart contract capabilities give it a unique place in the crypto ecosystem.
Either way, the back-and-forth between PlanB and Buterin reflects a deeper debate in the crypto world: Should crypto prioritize decentralization and scarcity like Bitcoin, or adaptability and innovation like Ethereum?
Stay tuned—because this rivalry is far from over.
