What about Ethereum
- ETH is not as secure as bitcoin due to its centralization
- The Ethereum Foundation has complete control of the code base that ETH runs on
- If you hold ETH you are exposed to the decisions of the Ethereum Foundation
- ETH is not a good store of value due to its limitless supply
- There is no cap to ETH tokens and the Ethereum Foundation can (and has) printed more tokens at their desire
Priced in bitcoin
How does ETH compare to BTC over time?
Since inception Ethereum’s all-time-high, when priced in bitcoin, was June 16, 2017. This means that unless you bought at some point before that time frame and sold at that exact moment, you would have had less bitcoin.
Cryptocurrency hits different when priced in bitcoin
Bitcoin vs cryptocurrency
- Bitcoin is the first cryptocurrency and the blueprint for a lot of follow-on cryptocurrencies
- Satoshi created the bitcoin protocol and allowed others to build on top of it
- The Bitcoin network is a protocol and not a program or platform
- This key difference is like the internet vs Google. The internet protocol cannot be censored while google can
What about others?
Often when people think of the “crypto” industry they have 3 categories: Bitcoin, Ethereum and the rest. This fallacy can lead us to overlook some of their shortcomings.
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