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RE: Why I'm 100% out of Bitcoin for now and into Ethereum

in #bitcoin7 years ago

What are you talking about exactly? ETH is inferior? Than BTC whose fees were about 20$ for a transaction last year? Don't make me laugh. BTC transfers is slow and expensive. It is just a prototype, the first of the kind. Yet some people still value it over the other technologically superior derivatives, which is not smart. Prove me wrong.

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Eth is inferior because: [1] it tries to do general (meaningful) computation in the blockchain. Which is insane waste ( cf.: http://www.truthcoin.info/blog/pow-cheapest/ by Paul Sztorc - extremely educational, eye-openner material. very big rarity to read such a literate analysis ), [2] it is a hierarchic project serving its founders, I always say that a blockchain needs a firm as much as a fish needs bicycle, [3] BTC just works, ETH promises to do something for years, and ... doesn't do anything. ICOs are not Eth app. Not unique feature but way to deflate Eth and to increase demand ... There is to much will into it. ... etc.

  1. Excuse me for not reading, I have better things to with my time. Maybe later...
  2. Dude, what are you doing here then? Are you aware how STEEM works? That's even worse and add lots and lots of mismanagement and abuse here.
  3. ETH works the same way BTC does (storing and transferring value) AND does much more. This argument really makes no sense, no offense intended.
  1. excellent., 2. sorry if i do mistakes I'm a novice, 3. 'much more' is what I can't wrap my head around for years.

Well, look up ERC20 tokens then, mate. Can BTC provide anything like that? No and it never will. ETH will eventually dominate thee market, as it should.

I looked more throughly ERC20 standard. I see no diff. from Omni. Technically. Marketing effort-wise, yes. But this is extra-chain thing.