Bitcoin Is Better Than Ethereum At These Four Things


Bitcoin Is Better Than Ethereum At These Four Things

Ethereum (ETH) can do everything that Bitcoin (BTC) can do, and much more. "

I hear this often from people who are new to cryptocurrency and thought it would be helpful to make a list of the things that make King Corn so special.

1. Bitcoin is the hardest money
There will never be more than 21 million bitcoins, because the culture of curmudgeonly bitcoin bastards with a full node will never allow it. We've already proven that (google bitcoin S2x if you want to read about the epic battle).

One of my ETH accelerator friends said that if ETH accepts EIP 1559, which burns ETH per transaction, ETH will become even more scarce than Bitcoin. Unfortunately, this is actually a completely separate point of view, and it perfectly illustrates the difference I'm talking about:

Being hard work money is not about not enough, but about that, immutably, stubbornly, RELIABLY little. To say that EIP 1559 complicates ETH literally means that "accepting the significant monetary policy changes * proposed by the founder * that are expressed in single digits years after launch makes ETH more difficult."

Obviously, any coin that can make positive changes to its release schedule so easily can do it in the other direction as well - you cannot rest assuredly on the idea that your stake will not be watered down.

I want to clarify that this is not necessarily * bad * for ETH; ETH is trying to do something completely different from Bitcoin, and being flexible and aggressive is potentially the right strategy. But for people looking for reliable inflation protection, BTC >>> ETH.

Post a Comment