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Ive moved everything to eth over the last few months. It retains the ability to store value like btc, but fuels a defi ecosystem that is providing an automated
by scsilver 5y ago
Ive moved everything to eth over the last few months. It retains the ability to store value like btc, but fuels a defi ecosystem that is providing an automated financial services economy. As traditional financial institutions dive into the crypto assets, im thinking they can feel more comfortable about eth investments due to how they can compare defi to cefi and traditional finance and have good tools for valuing the asset. Wall street loves recurring revenue.
Comparing eth to other smart contract platforms, eth has strongest ecosystem of block chain developers, and the most mature smart contract tooling.
As for regulatory risk, it seems to me like pulling off a really attached bandaid, it will shock and hurt, but ultimately regulation allows a framework for traditional finance to bring crypto based products to its consumers without stepping into legal issues.
I am concerned that regulation around tether and stable coins could be very hurtful to anyone who is currently invested. For less risky investors, I would consider waiting until regulatory murkyness has been clarified.