This was the thinking in the heyday of the DAO [1], when you could get 30 ETH per BTC. Now that Ethereum's weaknesses have been exposed, the exchange rate has

This was the thinking in the heyday of the DAO [1], when you could get 30 ETH per BTC. Now that Ethereum's weaknesses have been exposed, the exchange rate has stabilized at about 90 ETH per BTC [2]. Mr. Market says Ethereum has lost nearly two-thirds of its value compared to Bitcoin. There will be many cryptocurrencies with different capabilities alongside off-chain vehicles with other interesting and useful capabilities. Maybe Bitcoin is the slow, steady, reliable, non-inflationary and boring reserve currency that is a long-term store of value and a safe harbor during stormy weather. Perhaps Bitcoin isn't judged by whether people use it to pay for their dry cleaning, but as the backbone of a new digital economic system. [1] http://www.coindesk.com/understanding-dao-hack-journalists/ http://www.coindesk.com/understanding-dao-hack-journalists/ [2] https://cryptowat.ch/kraken/ethbtc/3d https://cryptowat.ch/kraken/ethbtc/3d