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Agreed with the first sentence. Ethereum is not about the price of coin, just about its need to power the blockchain. Monero is a better currency than BTC ever
by rglullis 4y ago
Agreed with the first sentence. Ethereum is not about the price of coin, just about its need to power the blockchain. Monero is a better currency than BTC ever will be.
Hard disagree on the second. The fact that BTC still is more valuable than others is more due to BTC having first-mover advantage and that there is too much price manipulation going on - Tether being the main culprit. Once Tether blows up, we will see people realizing how worthless BTC actually is.
- orwin 4y agoOkay, maybe i misused the term and didn't explain my point well enough. To me, 'first mover' is like a brand. This help btc pricing, but when the image stop compensate the lack of utility the pricing will go down. Despite my historic of shitting on cryptocurrency, i actually used monero and used the eth Blockchain, I'm really not anti blockchain, i just have a healthy skepticism of cryptocurrency as an investment tool.