$BTC Against the backdrop of recent failures, opponents of Ethereum (ETH) are criticizing Vitalik Buterin's project even more vigorously.

The anonymous creator of the popular Stock-to-Flow (S2F) model for Bitcoin, known under the pseudonym PlanB, criticized Ethereum. In one of his recent posts on X (formerly Twitter), the expert called ETH a 'pre-mined and centralized shitcoin.'

What’s wrong with Ethereum

PlanB highlighted several key issues of the second-largest cryptocurrency by market capitalization:

1. Pre-mining — most of the ETH was mined before the public launch of the Ethereum