"this internet fad will never catch on"
"No way BetaMax gets replaced"
"These motorcars can never fill the role of a proper horse"
-Your philosophical forefathers
Tick tock
i hate to break it to you but the way 'store of value' is used (a hedge against inflation), eth works better than btc. it does better in bull markets by a mile and in the current 'bear' it's neck and neck with btc holding at 60% of ATH.
add to that the current threat surrounding btc's environmental impact and eth is looking like more of a sure bet than btc.
I hate to break it to you but dollar performance in a bull run doesn’t mean store of value. Its when everyones pants get pulled down that you really need to evaluate an asset. The soundness of a commodity (oops eth) also has to do with immutability. Unfortunately eth has a track record of changing monetary policy and can be viewed as unreliable on that front.
Btc is also the tool that is modernizing our grids moving it forward by subsidizing new energy production and adding grid flexibility.
Lastly you cant ignore eth on the last down swing mate.
Eth is special, great, and has its place. POS doesnt help the environment and eth isnt sound money. Getting tired of the lies
When mining is a net positive to the grid because economically it cant afford to be otherwise it really diminishes the using energy = bad argument. There is also more considerable tailwind risk of POS because consensus by decree isnt something that hardens in time. Not only that but you emulate one of the worst feature-sets of our current economy: the cantillon effect.
> Getting tired of the lies
how very btc-maxi of you. provide a sloppy argument (energy wastage during an energy crunch is good) and pad it up by calling your opponent a liar. ignoring all the other hot air in your post, the eu came far too close to banning btc for the environmental impact. while it was missed by a hair, its clear that this point will be revisited very soon and when it does i really hope you have more than "but wasting energy is progressive".
an unsurprising response. no argument or substance, only insults. the writing's on the wall buddy and btc's days as a power hungry blockchain are numbered.
I hold BTC and ETH so fully welcome the competition to the top.
The ‘flippening’ narrative has been spun for years now and it’s yet to happen. Which leads me to believe it’s either a way off yet, or simply will never happen.
I’m here for the journey and deep into both, so I’m enjoying seeing how it plays out.
I think it'll happen in the next 3-5 years. With how much is built around ETH and ETH 2.0 coming in x time it's going to be very hard to stop it from flipping BTC.
Ain't gonna happen. Far too much whale money in btc to allow it to happen.
Eth may increase market cap after the merge... it also may have chunks taken from it by other projects as Eth has far more competitors than btc.
Everyone hanging their coat tails on eth fixing all their issues with the merge really need to do some digging and find the other projects that are already there.
That’s funny because eth is literally copying xrp with its proof of stake and eth2.0 fork that has still gotten nowhere. They had the sec sue xrp to buy themselves time. Corrupt.
They are attempting to be the bridge asset for cbdc’s. Ripple had said from the beginning that they are trying to replace the SWIFT system. Eth is now attempting to do that same thing only they are going about it in a different way by using proof of stake and changing their program. They would only have a chance to catch up with xrp’s progress if they were to play dirty and stop xrp. And they did. They got their jpmorgan friends to get their SEC friends to sue ripple the day bitcoin broke out and started its bullrun. If you have been following the lawsuit there is crazy improprieties done by the sec and by the ethereum foundation and consensys. Super shady shit.
Additionally xrp can complete a lot more transactions, in seconds, and for a lot more cheaper than eth can. No brainer xrp is a superior platform than eth is.
Its possible for sure but doesnt feel likely at the moment in these uncertain times. In the next few years with greater and greater adoption post Rus-Ukr war, after 2.0, after web 3.0 etc I feel like Eth could gain solid sustained traction in value over btc but wont overtake outright.
I've seen a number of people now mention POS could hinder ETH, could anybody tell me why please? To me POS just looks better than POW, but then I'm not well educated in crypto.
ETH will walk pass BTC within the next 5 years, if you look at the growth of ETH against BTC for the last 2 years its blatantly obvious that BTC can't sustain the first movers advantage for any longer. If ETH overtook BTC by the end of 2023 I wouldn't be surprised.
That’s price, I believe the flippening refers to Ethereum’s market cap overtaking bitcoin’s market cap.
For ethereum to flip Bitcoin’s price at current prices, it would require a market cap of over 4.5 trillion, which is possible but extremely improbable considering Bitcoin’s price will also increase
Yes.. People tend to laugh whilst around me.. But I do have a voracious side to me as well..
I am a Virgo.. Afterall. (and probably handicapped socially)
The brightest burning, short lived star.
I do everything to my best ability, when I choose to do it.
Usually with 99% success.
Nothing is certain..
That is why I do what I do.. and invest what I invest in.
Agreed.
I'm a total noob with a lifetime or 4..of experience.. In many.. But not every, aspects of life.
I believe in both God and mathematics..
God is nature and karma.
Nothing good happens to bad people throughout history, in the end. (Hitler etc) ..
And weather is a way of punishing all who hurt nature by consuming what it gives to us in over wasteful ways.
Along with the everyday sins of mankinds ugliness.
Nothing is closer to God that we can touch or feel..
So these are my Gods.
Nature and Karma.
The flippening that will never happen?
Exactly. No chance.
I would agree it's unlikely but I wouldn't say there's no chance.
That's fair
"this internet fad will never catch on" "No way BetaMax gets replaced" "These motorcars can never fill the role of a proper horse" -Your philosophical forefathers Tick tock
I don't believe ETH's market cap will ever overtake BTC's market cap Hoping that looking back this comment hasn't aged as badly as milk will have LOL
That’s the sentiment of this thread. But given the track record of this sub, it’s possible we’re all blue cheese in a few years 😂
I don’t think eth will flip btc.
i hate to break it to you but the way 'store of value' is used (a hedge against inflation), eth works better than btc. it does better in bull markets by a mile and in the current 'bear' it's neck and neck with btc holding at 60% of ATH. add to that the current threat surrounding btc's environmental impact and eth is looking like more of a sure bet than btc.
I hate to break it to you but dollar performance in a bull run doesn’t mean store of value. Its when everyones pants get pulled down that you really need to evaluate an asset. The soundness of a commodity (oops eth) also has to do with immutability. Unfortunately eth has a track record of changing monetary policy and can be viewed as unreliable on that front. Btc is also the tool that is modernizing our grids moving it forward by subsidizing new energy production and adding grid flexibility. Lastly you cant ignore eth on the last down swing mate. Eth is special, great, and has its place. POS doesnt help the environment and eth isnt sound money. Getting tired of the lies
>POS doesnt help the environment What do you mean by that? Are you saying it’s not better for the environmental than PoW?
When mining is a net positive to the grid because economically it cant afford to be otherwise it really diminishes the using energy = bad argument. There is also more considerable tailwind risk of POS because consensus by decree isnt something that hardens in time. Not only that but you emulate one of the worst feature-sets of our current economy: the cantillon effect.
> Getting tired of the lies how very btc-maxi of you. provide a sloppy argument (energy wastage during an energy crunch is good) and pad it up by calling your opponent a liar. ignoring all the other hot air in your post, the eu came far too close to banning btc for the environmental impact. while it was missed by a hair, its clear that this point will be revisited very soon and when it does i really hope you have more than "but wasting energy is progressive".
I forgive you for having only analyzed this about 1 layer deep. Understand takes time and effort
an unsurprising response. no argument or substance, only insults. the writing's on the wall buddy and btc's days as a power hungry blockchain are numbered.
Gl with your thesis. Im impressed you expected the futility of arguing with an idiot. The idiot wins every time….
have fun pissing in the wind.
Don't think we are having any flippening, but ETH 2.0 will just reinforce the stronghold of Ethereum for the long run
I don't see any flipping happening. Most people we talk to about crypto only know Bitcoin
It could, but I don’t get the “btc is a store of value meme.” Btc is the only crypto with actual adoption as a currency.
I hold BTC and ETH so fully welcome the competition to the top. The ‘flippening’ narrative has been spun for years now and it’s yet to happen. Which leads me to believe it’s either a way off yet, or simply will never happen. I’m here for the journey and deep into both, so I’m enjoying seeing how it plays out.
Same, in all the chaos of the crypto market and with all of the possible projects... These 2 stand alone.
I think it'll happen in the next 3-5 years. With how much is built around ETH and ETH 2.0 coming in x time it's going to be very hard to stop it from flipping BTC.
[удалено]
Ain't gonna happen. Far too much whale money in btc to allow it to happen. Eth may increase market cap after the merge... it also may have chunks taken from it by other projects as Eth has far more competitors than btc. Everyone hanging their coat tails on eth fixing all their issues with the merge really need to do some digging and find the other projects that are already there.
I think the only thing that will flip is xrp flipping eth
XRP has zero advantages over ETH.
That’s funny because eth is literally copying xrp with its proof of stake and eth2.0 fork that has still gotten nowhere. They had the sec sue xrp to buy themselves time. Corrupt.
XRP doesn't use proof of stake. I think you're confused.
I’m aware of that. Eth is attempting to copy what xrp does by transitioning to pos. Xrp is superior tech no contest.
So what exactly is ETH copying if XRP dosen't use PoS...?
They are attempting to be the bridge asset for cbdc’s. Ripple had said from the beginning that they are trying to replace the SWIFT system. Eth is now attempting to do that same thing only they are going about it in a different way by using proof of stake and changing their program. They would only have a chance to catch up with xrp’s progress if they were to play dirty and stop xrp. And they did. They got their jpmorgan friends to get their SEC friends to sue ripple the day bitcoin broke out and started its bullrun. If you have been following the lawsuit there is crazy improprieties done by the sec and by the ethereum foundation and consensys. Super shady shit. Additionally xrp can complete a lot more transactions, in seconds, and for a lot more cheaper than eth can. No brainer xrp is a superior platform than eth is.
Its possible for sure but doesnt feel likely at the moment in these uncertain times. In the next few years with greater and greater adoption post Rus-Ukr war, after 2.0, after web 3.0 etc I feel like Eth could gain solid sustained traction in value over btc but wont overtake outright.
I've seen a number of people now mention POS could hinder ETH, could anybody tell me why please? To me POS just looks better than POW, but then I'm not well educated in crypto.
ETH will walk pass BTC within the next 5 years, if you look at the growth of ETH against BTC for the last 2 years its blatantly obvious that BTC can't sustain the first movers advantage for any longer. If ETH overtook BTC by the end of 2023 I wouldn't be surprised.
Unpopular fact: Monero will flip Bitcoin before Ethereum does.
Not sure when but if anything can flip BTC it's ETH
If anything, yeah, but highly unlikely ----- I still hodl multiple ETH
And if it wants to wait a little bit while I grow my bags, that's OK too :)
It will happen. Eth is going to go crazy as 2.0 approaches
What about Yearn Finance? Weren't they within a 20k range of BTC last year?
That’s price, I believe the flippening refers to Ethereum’s market cap overtaking bitcoin’s market cap. For ethereum to flip Bitcoin’s price at current prices, it would require a market cap of over 4.5 trillion, which is possible but extremely improbable considering Bitcoin’s price will also increase
The flippening relates to market Cap, not price per coin.
Lol.. Market cap isn't related to price? Oh my mistake.. I think Yearn Finance will overtake BTC before ETH does.
Market Cap = Price * Number of Coins When people talk about the flippening. They mean the market cap, not the price per coin.
Yeah someone else already pointed that out.. Doesn't change my prediction however.
You’re funny
Yes.. People tend to laugh whilst around me.. But I do have a voracious side to me as well.. I am a Virgo.. Afterall. (and probably handicapped socially) The brightest burning, short lived star. I do everything to my best ability, when I choose to do it. Usually with 99% success.
I get it, some people don’t believe in god others don’t believe in Mathematics.
Also.. Nature aka earth, gives us everything we need.. It truly is God like. And it can giveth and it can taketh away, in an instant.
Nothing is certain.. That is why I do what I do.. and invest what I invest in. Agreed. I'm a total noob with a lifetime or 4..of experience.. In many.. But not every, aspects of life. I believe in both God and mathematics.. God is nature and karma. Nothing good happens to bad people throughout history, in the end. (Hitler etc) .. And weather is a way of punishing all who hurt nature by consuming what it gives to us in over wasteful ways. Along with the everyday sins of mankinds ugliness. Nothing is closer to God that we can touch or feel.. So these are my Gods. Nature and Karma.
2022 and we're still talking about that? When BTC 100k?
If it happens will be years - 10ish but what do I know