six
@six
I do think ETH will be fine, I just struggle with the case for owning it vs BTC/SOL, and haven’t heard a good case for why it’s bullish *against* those assets. We saw like a week post-election where it outperformed, and then ETHBTC got sent back down to new lows. Would be keen to hear a material case for ETHBTC or ETHSOL being green over the next 1y
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Reeeny
@reeeny
BTC still has no solution for electronic waste. People in my proximity care about that. ETH ultrasound narrative hasn't caught on in mainstream or even near mainstream audience. Base is a prime example how well everything works and how easy it is to move funds, buy and use stuff.
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Vedaykin
@vedaykin
Eth is not considered decentralized and as such not a unit safe of exchange for the digital 21 century. Why would I exchange my BTC for Eth then? We already have the Dollar and Euro that could theoretically do the same thing as the digital euro is coming in 2026.
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Reeeny
@reeeny
ETFs and costs of mining farms threaten decentralisation of BTC. ETH being able to change requirements for nodes offer a solution that BTC/POW couldn't. Also: Because I know you care about the environment and like efficiency. Destroying 1 iPhone per transaction is not in line with that and at one point you'll ask yourself: We are destroying our planet for that?
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Vedaykin
@vedaykin
#2 3) Eth is not a solution to POW and up to now there is no decentralized protocol that can be compared to BTC. Eth being a custodial staking protocol is prone to become more and more centralized, see eg. stEth and rEth. => Eth staking must change to noncustodial staking mechanism, but that will not happen any more would be my guess since this would increase decentralization and thus would make it less governable and less controllable by the fiat system. 4) If that is true, which I do not believe right now, that 1 x tx equals 1 IPhone, then I would still believe this is worth it. If centralized entities transact billions worth in $ with one tx, 1 Iphone not a problem in my world.
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Reeeny
@reeeny
4)I'd like a counter stat for that, if you choose not to believe it. 1tx is also for that small transaction to the vault.
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Vedaykin
@vedaykin
You probably refer to that 2021 study? Ok, how much waste is a decentralized payment network worth? How much waste would you accept? The current fiat system is not waste free either and creates many side problems on top.
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Reeeny
@reeeny
Sufficiently decentralised is enough for me and almost no electronic waste would be a great. Let's say one iPhone for 1 Million transactions.
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