one issue I'm wrestling with is the BTC x gold relationship. Not sure that I agree with the premise "ppl now think gold is useless, so BTC will be useless."
First of all, gold is still around and still utilized as a store of value. Just because it hasn't grown substantially in the last 20 years doesn't mean it will not experience another period of growth going forward? Secondly, gold is becoming obsolete because of how difficult it is to actually utilize (storage, transferring, divisibility). BTC does solve these issues (mostly).
Anyways, this is a bit of a ramble, but, to me, arguing that Ethereum will win is a really short-term argument. Just like fiat currency domination comes and goes w/ debt cycles, you could make the case that ETH is just the first wave of crypto-fiat... and that BTC will win by survival -- just as Gold has outlasted other fiat currencies over the centuries?
Not sure if I agree with myself, but needed to type this out after reading lolz.
really enjoyed the piece.
one issue I'm wrestling with is the BTC x gold relationship. Not sure that I agree with the premise "ppl now think gold is useless, so BTC will be useless."
First of all, gold is still around and still utilized as a store of value. Just because it hasn't grown substantially in the last 20 years doesn't mean it will not experience another period of growth going forward? Secondly, gold is becoming obsolete because of how difficult it is to actually utilize (storage, transferring, divisibility). BTC does solve these issues (mostly).
Anyways, this is a bit of a ramble, but, to me, arguing that Ethereum will win is a really short-term argument. Just like fiat currency domination comes and goes w/ debt cycles, you could make the case that ETH is just the first wave of crypto-fiat... and that BTC will win by survival -- just as Gold has outlasted other fiat currencies over the centuries?
Not sure if I agree with myself, but needed to type this out after reading lolz.
Again -- really loved the post.