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https://github.com/libbitcoin/libbitcoin-system/wiki/Proof-of-Stake-Fallacy https://github.com/libbitcoin/libbitcoin-system/wiki/Proof-o... https://standardcry

https://github.com/libbitcoin/libbitcoin-system/wiki/Proof-of-Stake-Fallacy https://github.com/libbitcoin/libbitcoin-system/wiki/Proof-o... https://standardcrypto.wordpress.com/2021/03/31/the-censorship-resistance-argument-for-bitcoin-over-ethereum/ https://standardcrypto.wordpress.com/2021/03/31/the-censorsh... ETH is competing against USD, not against BTC. Bitcoin is competing against gold. Different races. different goals. Different risks.

zepto 5y ago
> ETH is competing against USD, not against BTC. Bitcoin is competing against gold. If true, this means that every argument comparing BTC to fiat is bullshit. Given that most arguments I see in favor of BTC compare it to fiat, this doesn’t speak well to the understanding of those who hold it. Given that BTC’s value is predicated purely on the beliefs of those who hold it, a systematic misunderstanding like this suggests problems in store.
- tphyahoo2 5y ago
  https://web.archive.org/web/20210116135412/https://taaalk.co/t/bitcoin-maxima-other-crypto-things https://web.archive.org/web/20210116135412/https://taaalk.co... Bitcoin will be fine.
  - zepto 5y ago
    I stopped reading after your linked piece compared Bitcoin to Jesus and Queen Victoria.
  - gverrilla 5y ago
    this is pretty good comedy I recommend everyone to read and enjoy some good laughters
- tphyahoo2 5y ago
  To be clear, bitcoin is of course also competing against USD. But this is neither a fair nor an interesting competition. Life span of fiat currencies is usually decades.
  - zepto 5y ago
    > ETH is competing against USD, not against BTC. Bitcoin is competing against gold. > To be clear, bitcoin is of course also competing against USD These can’t both be true.
    - tphyahoo2 5y ago
      Yes they can. Eth competing against USD. Bitcoin competing against USD and Gold. Bitcoin and Eth are also both competing against turkish lira, Tide pods, and zibwawean mortgage bonds. But only one competes with gold.
      - zepto 5y ago
        Sorry, no. You said: > ETH is competing against USD, not against BTC. Bitcoin is competing against gold You also said: > bitcoin is of course also competing against USD BTC and ETH can’t both be competing with USD without competing with each other. If your statement that BTC is competing with USD is true, then your statement “ETH is competing against USD, not against BTC” is false. ETH is competing against BTC.
        tphyahoo2 5y ago
        Technically, my py pinky fingernail is competing with our latest nuclear powered aircraft carriers. Doesn't guarantee that my fingernail will win a shooting war.
        zepto 5y ago
        Is this meant as an analogy for ETH and BTC? If so, it seems like it’s just a circular reference to your personal belief in the strength of BTC over ETH, rather than a relevant argument.

zepto 5y ago

> ETH is competing against USD, not against BTC. Bitcoin is competing against gold. If true, this means that every argument comparing BTC to fiat is bullshit. Given that most arguments I see in favor of BTC compare it to fiat, this doesn’t speak well to the understanding of those who hold it. Given that BTC’s value is predicated purely on the beliefs of those who hold it, a systematic misunderstanding like this suggests problems in store.

tphyahoo2 5y ago
https://web.archive.org/web/20210116135412/https://taaalk.co/t/bitcoin-maxima-other-crypto-things https://web.archive.org/web/20210116135412/https://taaalk.co... Bitcoin will be fine.
- zepto 5y ago
  I stopped reading after your linked piece compared Bitcoin to Jesus and Queen Victoria.
- gverrilla 5y ago
  this is pretty good comedy I recommend everyone to read and enjoy some good laughters
tphyahoo2 5y ago
To be clear, bitcoin is of course also competing against USD. But this is neither a fair nor an interesting competition. Life span of fiat currencies is usually decades.
- zepto 5y ago
  > ETH is competing against USD, not against BTC. Bitcoin is competing against gold. > To be clear, bitcoin is of course also competing against USD These can’t both be true.
  - tphyahoo2 5y ago
    Yes they can. Eth competing against USD. Bitcoin competing against USD and Gold. Bitcoin and Eth are also both competing against turkish lira, Tide pods, and zibwawean mortgage bonds. But only one competes with gold.
    - zepto 5y ago
      Sorry, no. You said: > ETH is competing against USD, not against BTC. Bitcoin is competing against gold You also said: > bitcoin is of course also competing against USD BTC and ETH can’t both be competing with USD without competing with each other. If your statement that BTC is competing with USD is true, then your statement “ETH is competing against USD, not against BTC” is false. ETH is competing against BTC.
      - tphyahoo2 5y ago
        Technically, my py pinky fingernail is competing with our latest nuclear powered aircraft carriers. Doesn't guarantee that my fingernail will win a shooting war.
        zepto 5y ago
        Is this meant as an analogy for ETH and BTC? If so, it seems like it’s just a circular reference to your personal belief in the strength of BTC over ETH, rather than a relevant argument.