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1. Ethereum will always have more consensus failures than bitcoin. It has a larger attack surface, and competing implementations. 2. Ethereum will always be m
by RichardHeart 9y ago
1. Ethereum will always have more consensus failures than bitcoin. It has a larger attack surface, and competing implementations.
2. Ethereum will always be more risky because they abuse the "default option" power over apathetic nodes. Thus any regulator can just have them make aml/kyc/sec reg a requirement and bye bye efficiency.
3. Ethereum was always have more down time than bitcoin, check out 2017 for instance. (see point 1.)
4. Ethereum has 3x less reddit users, a couple x less twitter mentions, a few x less wallets, a few x less press, a few x less years of testing, less hardware wallets, less adoption in nearly every way.
5. Ethereum tricks devs into loser far more money with "smart" contracts that have bugs, than bitcoin does with accidentally sending change to the miner instead of to a new address.
6. Smart contracts will always be dumb as long as you have to trust a signal from the real, non digital world (oracle problem.) If you have to trust anyway, then just let the oracle do it all.
7. There's nearly no demand for the gas you're supposed to buy with ETH to make ETH valuable at all, unless you like it's speculative platform utility. Gambling on gambling.
8. Their blockchain is bloated grows faster than many users can download it. It's transactions per a second is maybe 3x bitcoins. It's very likely sharding and other solutions will not "work" if you care about immutability/trustlessness.
9. Ethereum is more centralized, more risky, down more often, and always will be.