Decent debate about the utilitylessness of most cryptos

Sekiyo said:
Just saying they’re the same shit.
More...

Not true, ETH made the real evolution.
It's not just capture of your capital anymore, it's also significant time and attention at the computer/phone screen.
There is jack shit to do on the BTC network. There is more to do on ETH and EVM compatibles than you can handle in your lifetime.
 
Clark Bruno said:
How it is different? Easy to answer. No difference. Both, shenanigans in the equity markets and cryptos are net zero utility. They pull money out of the pockets of stupid people and line the pockets of fraudsters and snake oil salesmen. Just a transfer of wealth.
More...

Yes but the optimal returns are in crypto. By leaps and bounds.
Don't have to like it but you should acknowledge that.
 
Cryptjitsu said:
Which shows that the ETH version of BTC is better than the original BTC itself.
What's the value prop of the BTC network then?
More...

The economic throughput between the two chains is why one is $40k and the other $3k.

BTC
24hrTxns: 229k * AvgTxnValue: $123k = $28,202,178,000/Day

BTC charges $343k/Day for settlement finality


ETH
24hrTxns: 1,152k * AvgTxnValue: $5k = $5,990,400,000/Day

ETH charges $33,408k/Day for settlement finality


So roughly, ETH charges 100x for security on 1/6 of the economic throughput of BTC.


ETH is great, it's not hard money though.

https://bitinfocharts.com/
 
Last edited:
The economic throughput between the two chains is why one is $40k and the other $3k.

That doesn't make any sense? ETH at its inception could have been set at $100 a coin, or 0.000000000000001 a coin.
 
The_Krakenite said:
The economic throughput between the two chains is why one is $40k and the other $3k.

That doesn't make any sense? ETH at its inception could have been set at $100 a coin, or 0.000000000000001 a coin.
More...


It doesn't matter, both have and will continue to buildout their networks through price discovery.

One emerged pristinely from free market dynamics the other was a presale with BTC as a base; 2000ETH per 1BTC.
 
nooby_mcnoob said:
Monero is super easy. Yes it does require some education but IMO it's worth it.
More...

To use it in the optimal way, which is the only correct way to do it IMO, is just too technical for the average crypto user.
The masses do not care anyway, and most of the ones that do, will not educate themselves to that degree.
You don't have to take my word for it, just look at what the market tells you. It's a niche segment of the crypto market. But very dedicated & very serious.
 
You must log in or register to reply here.
Back
Top