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But are cryptoassets distinct enough to be considered separately? So to take your example of gold, if BTC is gold, then is ETH more like silver or more like a
by frgtpsswrdlame 9y ago
But are cryptoassets distinct enough to be considered separately?
So to take your example of gold, if BTC is gold, then is ETH more like silver or more like a new source of gold? If ETH is silver then there will be some base demand for ETH separate from BTC but if ETH is just more gold then all we've done is drastically increase supply. To me it seems that demand for specific cryptocurrencies isn't really that high while demand for cryptocurrencies in general is, that makes ETH and BTC seem both like gold to me and that makes me question the fundamental notion that the appreciating cryptos have supply restrictions.