Bitcoin is still early

[jacoavlu]

???

You defend Tether on every Fud post - check any prior post on this thread about Tether that u have responded to....

if there's something I said that you disagree with, quote it and we can have a real conversation. If you're going to attribute to me things that I didn't actually say then I'm going to ignore you

[xraygoggles]

if there's something I said that you disagree with, quote it and we can have a real conversation. If you're going to attribute to me things that I didn't actually say then I'm going to ignore you

You were literally betting about Tether's demise, so it's normal to infer you think it won't go under, right?

[jacoavlu]

You were literally betting about Tether's demise, so it's normal to infer you think it won't go under, right?

Correct. I think it won’t go under anytime soon.

am I certain? No, and I have never expressed certainty. Am I willing to bet on it? Yes

do you want to participate in the bet - chump change, meaningless to us - with proceeds to charity? I’m guessing you don’t, because if you had to bet I think you probably agree with me

[Doctordoctah]

generally kinda yeah. I'm more neutral on lightning network than most "bitcoiners" - it still has quite a ways to go if it's going to be used for daily payments. But yeah I agree with Mallers with regards to the fundamental innovation of bitcoin, and the necessity for proof of work

Ethereum does everything bitcoin does but better. Faster transaction speeds. Proof of stake which is better for the environment. Decentralized applications (defi). NFTs. Bitcoin only has negative externalities with mining energy waste. Largely, it has already been replaced by ethereum and other layer 1s. Bitcoin is obsolete.

[Panscan]

My useless internet coin is better than yours !

[jacoavlu]

Ethereum does everything bitcoin does but better. Faster transaction speeds. Proof of stake which is better for the environment. Decentralized applications (defi). NFTs. Bitcoin only has negative externalities with mining energy waste. Largely, it has already been replaced by ethereum and other layer 1s. Bitcoin is obsolete.

do you think ETH is solving the same problem as bitcoin?

[Doctordoctah]

do you think ETH is solving the same problem as bitcoin?

If the problem to solve is self-sovereignty over your money, yea I’d say so. There’s nothing btc does that eth can’t do better. Plus btc miners waste tons of energy

[jacoavlu]

If the problem to solve is self-sovereignty over your money, yea I’d say so. There’s nothing btc does that eth can’t do better. Plus btc miners waste tons of energy

but ETH was / is already largely captured by the state, and the move to proof of stake only accelerates this. There is no hope of it being actual censorship resistant money if shtf

[Doctordoctah]

but ETH was / is already largely captured by the state, and the move to proof of stake only accelerates this. There is no hope of it being actual censorship resistant money if shtf

That's all just a narrative brother. In the bear market right now, ETH chart looks a lot more bullish than the BTC chart. Plus so many new, promising projects launching on eth, not btc. If ETH proof of stake is too 'centralized' than so is BTC as the mining power (hash rate) is concentrated in a few hands

[jacoavlu]

That's all just a narrative brother. In the bear market right now, ETH chart looks a lot more bullish than the BTC chart. Plus so many new, promising projects launching on eth, not btc. If ETH proof of stake is too 'centralized' than so is BTC as the mining power (hash rate) is concentrated in a few hands

not interested in charts, price talk is always uninteresting

something like 70% of eth blocks now are censoring transactions to comply with ofac, a huge increase post merge. Coins staked with validators are frozen. all the stablecoins that are central to "defi" are captured, those coins can be frozen at the whims of the state.

people might do some neat things on eth but it's not money

[Doctordoctah]

not interested in charts, price talk is always uninteresting

something like 70% of eth blocks now are censoring transactions to comply with ofac, a huge increase post merge. Coins staked with validators are frozen. all the stablecoins that are central to "defi" are captured, those coins can be frozen at the whims of the state.

people might do some neat things on eth but it's not money

ETH is deflationary. BTC is inflationary.

ETH is actually more transparent that BTC, to be honest. I can go on etherscan and check any ERC-20 to see the public info on liquidity pools, daily volume, top holders, etc

BTC offers nothing like this. BTC has no NFTs. No defi/yield (unless you give your custody to blockfi or celsius). Takes forever to send (up to 1 hour). It wastes I believe by now more energy than the entire country of Argentina.

And last important point is that btc miners will always be selling their bitcoin. Why? They need to pay 90% of their profits to the electric companies to keep mining. This introduces ridiculous sell pressure into the system. Not sustainable long term.

[jacoavlu]

ETH is deflationary. BTC is inflationary.

ETH is actually more transparent that BTC, to be honest. I can go on etherscan and check any ERC-20 to see the public info on liquidity pools, daily volume, top holders, etc

BTC offers nothing like this. BTC has no NFTs. No defi/yield (unless you give your custody to blockfi or celsius). Takes forever to send (up to 1 hour). It wastes I believe by now more energy than the entire country of Argentina.

And last important point is that btc miners will always be selling their bitcoin. Why? They need to pay 90% of their profits to the electric companies to keep mining. This introduces ridiculous sell pressure into the system. Not sustainable long term.

none of this refutes my point. ETH gave up trying to be actual money. Which is fine for what it is. It's a blockchain utility token competing with a bunch of other blockchain utility tokens.

[Doctordoctah]

none of this refutes my point. ETH gave up trying to be actual money. Which is fine for what it is. It's a blockchain utility token competing with a bunch of other blockchain utility tokens.

The argument is that BTC has no utility. It's only utility is to waste energy which ETH doesn't do. That's why it was the #1 underperforming coin last cycle and will continue to underperform moving forward.

[jacoavlu]

The argument is that BTC has no utility. It's only utility is to waste energy which ETH doesn't do. That's why it was the #1 underperforming coin last cycle and will continue to underperform moving forward.

it's the only coin that has a chance of being actual uncensorable money, which is the ultimate utility

[Doctordoctah]

it's the only coin that has a chance of being actual uncensorable money, which is the ultimate utility

The government knows how much bitcoin every US citizen has just like they know how much ETH people have. How is BTC any less censored than ETH?