For those who follow this stuff closely, how is the Ethereum network not superior to Bitcoin in every possible way? I understand there are scaling issues with both. But progammable smart contracts means business to business frictionless transactions. The Ethereum Enterprise Alliance already has mainstream companies signed on. How is that not an inside track on Bitcoin towards real world applications? Bitcoin's ceiling is essentially an asset like gold. Ethereum could spawn an entire new ecosystem akin to a decentralized internet. The potential is mind-boggling. What am I missing?
Bitcoin has the scale that Ethereum doesn’t. Bitcoin was actually be using as a currency to make purchases. Bitcoin has far more people (2x - 3x according to some GitHub research I’ve seen) working on it than Ethereum. Ivy was just released for Bitcoin that enables development with smart contracts. And a lot of the companies working with Ethereum will likely use private instances of the code that won’t require ethers.
I’m not making an argument for one or the other but it is far from a clear winner between the two. I think Bitcoin has a better chance of being the virtual currency of the future, Ethereum has a better chance of being a network for enterprise business. Both valuable in different ways.
I think it’s all speculative at this point. I have $10k into sia and $8k into alts and I’m relying on none if it retirement-wise. At the current price of sia I stand to make about $80k off it next year. If crypto turns to shit I’m going to have some expensive space heaters.
And a nice tax deduction
I've heard companies say that a public network that will allow them to interact would be more valuable than an intranet or private network. Sounds a lot like what the EEA is trying to do. Seems a bit more forward thinking than just developing a finite asset to buy and trade.
Gouda, you’re one of only a few I’ve seen be all in on Sia. Care to explain why?
Bloodbath this morning. Which means it will probably be up 200% in two weeks. Everyone cashing out to go xmas shopping![]()
People are freaking out, but we started December below 10k. For HODLs it's just another dip.
I thought you had the bubble popping by February?
Yeah, think I said late-Jan/early-Feb. Very interested to see how the market reacts over the next week.
Not saying I endorse or believe it's going to hit $45k by January. But the data with regards to how Bitcoin has reacted after big drops is definitely interesting.