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Bitcoin is like the digital gold whereas Ethereum is like the oil. It enables all the smart contracts, particularly DeFi. Since these smart contracts need gas
by rawtxapp 6y ago
Bitcoin is like the digital gold whereas Ethereum is like the oil. It enables all the smart contracts, particularly DeFi.
Since these smart contracts need gas fees paid in Ethereum, you'd want to have Ethereum prices be stable and ideally lower.
There's also constant inflation whereas Bitcoin will be limited to 21M cap with an estimated 3-4M Bitcoin permanently lost.
And of course, Bitcoin benefits from first mover advantage, network effects, security, more decentralization, etc.
- mrfusion 6y agoBtw If eth switches for proof of stake can Folks keep their existing coins? How does that work?