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RE: What's Next for EOS, ETH, and BTC?

in #eos3 years ago

Bitcoin is doomed to fail. It's massively manipulated by tether (with Justin Sun the scammer and thief now printing tether on TRON) and the OG whales (those who bought it super cheap years ago) who can do whatever they want with the price. It doesn't take much to move the crypto market. Also, people still ignore the ever increasing power hungry mining process! Right now Bitcoin's power consumption is the same as Chile's! 72% of the hashrate is coming from... you guessed it, China (so much for decentralization). I don't think Bitcoin is sustainable in the long run, it's not efficient and not practical as a currency. And finally, people are rejoicing that the crypto market cap has reached one trillion. Well, this is when regulators start sharpening their tools. And they've already started with Ripple. Tether is next. And when tether implodes, it will bring down the market with it.

ETH is shit, as you said, why the hell would anyone would still be using it with its ridiculous high fees? Another cryptocurrency doomed to fail, it's a matter of time.

There are many altcoins that solve bitcoin and ethereum's problems, such as speed, energy requirements, low/no fees and scalability. I think the focus should be on them.