It depends on your needs. If you need to propose to your girlfriend, the former is obviously more valuable than the latter. On the other hand, if you are in dire need of cash, the latter is worth more at this particular moment.
For instance, you can’t use diamonds to pay for Taco Bell or groceries.
I learned that one the hard way.
This is pretty much how I like to look at Bitcoin vs. Ethereum. They’re both valuable, I think, but I’m not sure which one has better long-term value.
Let’s put this argument to rest, shall we?
Today, I want to examine which is objectively better:
What does Ethereum promise?
Promises decentralized applications on distributed blockchain code that enables you to do more than just buy and sell digital money, but, additionally, foster an ecosystem for decentralized finance, NFTs, and the metaverse.
But IT has a problem. A big problem. The big problem is that Ethereum, like the internet, will become a commodity for the ecosystem as it develops.
IT is like the internet. It’s tantamount to baseline HTML internet code, that allows websites to be built on top of it — but, as we’ve seen with the internet, the value it captures is far less than the actual applications.
Google, Microsoft, Facebook — these are all just applications built on top of the current internet framework. They have the real value. Just as one-day decentralized apps like Decentraleyes, Uni swap, and OpenSea will be how the mainstream interacts with crypto.
They’ll barely know what Ethereum is, just as I barely know what HTML is.
Now, of course, Ethereum will capture tremendous value as the digital plumbing of the decentralized web, but after a certain period, it will be invisible to the majority of us working in the shadows.
Moreover, what’s stopping projects like Solano, Avalanche, Polk dot, and Near Protocol from taking a piece of what it’s trying to achieve?
So, what does Bitcoin promise?
Unlike Ethereum, Bitcoin is simple by design. It serves one purpose. Bitcoin is basically the best savings account that has ever existed, protecting your purchasing power from inflation and bad economic policy thanks to scarcity (there will only be 21 m bitcoins).
Recently, I’ve heard people call Bitcoin Boomer-tier obsolete tech from the last century. This is a good thing.
Bitcoin doesn’t try to reinvent the wheel.
It prioritizes security and decentralization above all and grants you an additional, and perhaps ultimate, method to preserve and grow your wealth.
Most cryptocurrencies are useless and still have market caps of up to hundreds of millions of dollars.
Bitcoin isn’t one of those projects. It’s the antithesis of that.
Bitcoin Vs. Ethereum
These verses matchups rarely ever really work out— just look at Batman Vs. Superman or Freddy Vs. Jason.
Anyway, there has to be a winner
BITCOIN
Is not the winner. I choose Ethereum.
Bitcoin is basically basic internet code, and Ethereum is "JavaScript". The internet was pretty boring without "JavaScript"; it was static with no interactions. While Ethereum will also be that boring ass HTML code one day — it still has more value to capture right now.
However, I will add that the biggest mistake in my life was selling my Bitcoin too early. But I’ve come to realize the more times I’m wrong, the more confident I get in my decisions. I’m a true inspiration to myself.
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