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And that is why scaling solutions like Polygon have a future if Ethereum has a future.

atweiden 5y ago
That’s just a narrative, though. The practical reality is cryptocurrency valuation is driven by these narratives 100%. The other practical reality is the people pretending as if this reality doesn’t exist are increasingly perceived to be engaged in biased sophistry. Granted, low information people are still falling for it, but high information people increasingly aren’t, as evidenced by Ethereum failing to get even 3/4s of the way to its previous bitcoin-denominated valuation high over the most recent market cycle, despite ludicrous levels of hype.
- SubiculumCode 5y ago
  I really don't know what you are talking about. ETH hit its all time high a few weeks ago (May 10th) both in terms of USD and BTC. Its still double it's ATH from its peak in 2018, before the crypto crash. As to your other ramblings, mere snobbish tripe meant to demean and belittle those that disagree with your opinion. In other words, yours is a low information post.
  - atweiden 5y ago
    > I really don't know what you are talking about. ETH hit its all time high a few weeks ago (May 10th) both in terms of USD and BTC. Its still double it's ATH from its peak in 2018, before the crypto crash. > As to your other ramblings, mere snobbish tripe meant to demean and belittle those that disagree with your opinion. In other words, yours is a low information post. ETH broke 0.12 ETH/BTC last narrative cycle. This is trivial to fact check. Sorry to disturb you.
    - SubiculumCode 5y ago
      You are correct re BTC, but not it has well exceeded that re USD. Why BTC has some special place in terms of the utility of smart contract blockchain is questionable.
      - atweiden 5y ago
        That’d be because Bitcoin awareness is c. 100% amongst altcoin investors. When an altcoin underperforms Bitcoin, its investors have traditionally realized the opportunity cost of holding it — particularly seeing as Bitcoin is the longest standing, most stable and widely recognized, original cryptocurrency with the simplest and safest technical implementation.

That’s just a narrative, though. The practical reality is cryptocurrency valuation is driven by these narratives 100%. The other practical reality is the people pretending as if this reality doesn’t exist are increasingly perceived to be engaged in biased sophistry. Granted, low information people are still falling for it, but high information people increasingly aren’t, as evidenced by Ethereum failing to get even 3/4s of the way to its previous bitcoin-denominated valuation high over the most recent market cycle, despite ludicrous levels of hype.

SubiculumCode 5y ago
I really don't know what you are talking about. ETH hit its all time high a few weeks ago (May 10th) both in terms of USD and BTC. Its still double it's ATH from its peak in 2018, before the crypto crash. As to your other ramblings, mere snobbish tripe meant to demean and belittle those that disagree with your opinion. In other words, yours is a low information post.
- atweiden 5y ago
  > I really don't know what you are talking about. ETH hit its all time high a few weeks ago (May 10th) both in terms of USD and BTC. Its still double it's ATH from its peak in 2018, before the crypto crash. > As to your other ramblings, mere snobbish tripe meant to demean and belittle those that disagree with your opinion. In other words, yours is a low information post. ETH broke 0.12 ETH/BTC last narrative cycle. This is trivial to fact check. Sorry to disturb you.
  - SubiculumCode 5y ago
    You are correct re BTC, but not it has well exceeded that re USD. Why BTC has some special place in terms of the utility of smart contract blockchain is questionable.
    - atweiden 5y ago
      That’d be because Bitcoin awareness is c. 100% amongst altcoin investors. When an altcoin underperforms Bitcoin, its investors have traditionally realized the opportunity cost of holding it — particularly seeing as Bitcoin is the longest standing, most stable and widely recognized, original cryptocurrency with the simplest and safest technical implementation.