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25 sats \ 0 replies \ @faithandcredit 20 Sep 2022 \ on: Steve Barbour: Ethereum will almost certainly market-cap flippen #bitcoin bitcoin
Bitcoin has over estimated how eager the government would be in shutting things down. This has allowed Ethereum to shoot ahead, cut corners, with more or less no intervention from government. Now it has a massive network effect and may as well be a store of value, and as this narrative gains credibility, bitcoins network effects will wane, and so will its security budget. So at this point, its up to Ethereum, will it fail from technical or politicial miscalculations? Thats the only way bitcoin "wins" now. If Ethereum ceases to exist, which seems unlikely. And once Bitcoin seizes to be relevant, so will the caring about decentralization and sound money, and Ethereum will show its true face.