The crypto ecosystem is noisy… between the jargon, different coins, tokens, protocols, smart contracts etc. etc., it’s easy to understand how someone can get lost or even lose interest. And, if you’ve ever ventured into the shitshow that is crypto Twitter, you know what I am talking about.
Enjoy your thought process and story-telling ability, especially with how you incorporate charts to give the whole picture. Have been avid follower on Twitter and RV member since Nov 22.
I wanted to post to give the "steel man" on one take, and ask a question re: eth.
First, to think about Bitcoin from the other side - you describe as resistant to innovation due to strict adherence to a principled approach, comparing to the church.
Though I see the point, I would also point to the innovations embraced by many (not all) of the BTC community - Lightning & Ordinals, to name the most prominent (to me).
In this regard, I would rephrase to say BTC is resistant to innovation for the sake of innovation, and has strongly adhered to the philosophy that the first and only priority should be the security of the supply, and a faith in future developers to improve utility and speed. I believe we have seen examples of that.
Second, to ask about ETH, and this is very simple:
How can the supply of ETH be secure under Proof-of-State?
I cannot get my head around it, and have not heard a coherent position (or any really, it seems to be purposely avoided) to reassure investors.
Am invested in both, with my position being BTC is the better technology, and ETH is better than playing with stocks...but only slightly.
Would be grateful for your attention to the question, and thank you as always.
Using the same logic, focusing on crypto as a network of economies, look for a nascent crypto ecosystem which is bridging web2 with web3 and can grow without limits using revolutionary tech
A new angle to look at crypto. I like the analogy. Excellent. Thanks Raoul
Nice writing mate
SOL analogous to South Korea. Nice analogy there Raoul!
Very informative article! Thank you!
The Monthly timeline on that Shows the real truth. Very well thought article that can behoove even the everyday retail cryptocurrency trader.
Enjoy your thought process and story-telling ability, especially with how you incorporate charts to give the whole picture. Have been avid follower on Twitter and RV member since Nov 22.
I wanted to post to give the "steel man" on one take, and ask a question re: eth.
First, to think about Bitcoin from the other side - you describe as resistant to innovation due to strict adherence to a principled approach, comparing to the church.
Though I see the point, I would also point to the innovations embraced by many (not all) of the BTC community - Lightning & Ordinals, to name the most prominent (to me).
In this regard, I would rephrase to say BTC is resistant to innovation for the sake of innovation, and has strongly adhered to the philosophy that the first and only priority should be the security of the supply, and a faith in future developers to improve utility and speed. I believe we have seen examples of that.
Second, to ask about ETH, and this is very simple:
How can the supply of ETH be secure under Proof-of-State?
I cannot get my head around it, and have not heard a coherent position (or any really, it seems to be purposely avoided) to reassure investors.
Am invested in both, with my position being BTC is the better technology, and ETH is better than playing with stocks...but only slightly.
Would be grateful for your attention to the question, and thank you as always.
Great read
Using the same logic, focusing on crypto as a network of economies, look for a nascent crypto ecosystem which is bridging web2 with web3 and can grow without limits using revolutionary tech
$DAG is where it's at