ETH

Random5483

> It just seems like a shitcoin that can't make it to a dollar A dollar means nothing. Market cap is where it is at. ALGO is a medium cap crypto with a market cap in the top 30 or so. This makes it a bigger project than most cryptos, but considerably smaller than BTC or ETH. >I keep hearing people say that ALGO is a good long term buy but I've never heard them explain why it's good longterm ALGO is very fast and its transactions are cheap. It is the underlying tech used for the BTC payment network in El Salvador. It was picked due to how fast and efficient the network is. Going into details about why I like ALGO is beyond the scope of a comment. But ALGO is not flawless. It is more centralized than I would like. It also has a fledgling dApp economy and has limited investment. ALGO is by no means a sure bet. But the same is true for pretty much any top 30 crypto other than BTC/ETH.

Prized-Man

Coz you haven't sold your ETH yet, the moment you sell BTC will hit ATH soon after that....

Extent_Leather

How does Teneo work? Are there rewards in ETH-BTC or are they paid in stable coins? Long time I didn't hear anything about Ramp. Is that still a thing?

Paskee

Depends. Lets say I take a small loan, say 3000€ on 5 y term with 6% interest ( rates went up ). DCA it 80% ETH, 20% BTC over 6 months term. Chances are I will double my money in that time minimum, provided profits are taken when greed ramps up.

CointestAdmin

#Bitcoin Pro-Arguments Below is an argument written by debeezneez which won 1st place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Once it is more widely accepted, Bitcoin will be the first complete currency human beings have ever had. Fiat doesn't have limited supply, gold doesn't have portability, proof of stake coins don't have durability. Bitcoin is only missing acceptability as a key component in a currency, and that is rapidly changing with increased adoption. > > Even with a market cap of nearly 1 trillion dollars, bitcoin is extremely low in market cap compared to its potential. Some people expect that a sub billion dollar marketcap is the only way to make 100x, but that only relevant to coins that will top out in the billions. With the probable future of bitcoin being the worlds strongest currency, its value in TODAYS society is upwards of 100 trillion dollars (more on this later). In a future society that has had the benefit of using history's best monetary network, the potential market cap of bitcoin is indescribable. > > Despite often being called 'slow' when compared to other crypto based networks, Bitcoins development is optimized. You don't need to have layer one staking or smart contracts to fulfill the purpose of bitcoin. All that needs to happen is flawless protocol defence and network uptime. The tech is simple but the importance is vast, replicate the factors of hard money in a digital space, forever. > > Doing so in a decentralized manner ensures that Bitcoin is strengthened with every blow. The network is so reliable that it pays more to support it than it does to attack it. So when China bans mining, America buys asiics. When someone tries to acquire all the coins, the price chases them up. There are no individuals to prosecute so you have to attack the network head on, and market participates are enticed to learn from each attack. > > This is why regulation will hurt everything else but help the bitcoin network. No matter what the technology is or who uses it, if the government has a point of attack they will exploit it. Ethereum currently won't succeed without the vast changes being implemented by the ethereum foundation. That is a vulnerability. Fiat won't succeed without the federal government. That is a vulnerability. Bitcoin won't succeed if 51% of a largely spread group of financially successful people are somehow coerced to all betray themselves at the same time. That is not a serious vulnerability. > > BUT HEY! You made a lot of assumptions! > What if Bitcoin doesn't become widely accepted? > Bitcoin is superior at all the other aspects of money. (Durability, Portability, Divisibility, Uniformity, Limited supply). People are going to want to own it and eventually want to spend some. If you don't accept it as payment but it is popular, your competition will. > > How is 100 trillion even a real number? > There is more than just the money in everyones savings account. People already know that fiat can be outpaced with superior assets, and the equity market is estimated at around 300 trillion dollars today. None of those options have as many monetary aspects covered as bitcoin does. > > Why would anyone new buy it if you can't yield farm shit coins? > Jokes aside, the purpose of bitcoin is to preserve purchasing power, which is does almost flawlessly. Everyone is going to want this ability for a large portion of their capital eventually. Other protocols are acting sort of like a bank when they run defi. Its really you lending your purchasing power to an actor for credit. Its pretty neat but not revolutionary just because its on blockchain. > > How is it decentralized when michael saylor owns it all? > Two part answer. The network is secured not just by holders but by nodes and miners. Microstrategy will get large returns for taking a large risk if bitcoins price goes up, and that is perfectly fair. But as they buy more and more, it is going to cost more and more, where every other financial system in history has had some sort of corruption in its growth from unequal opportunity. As of today and as of 10 years ago, you and apple have the same purchase price. > > Don't hate on ETH, why can't something newer take Bitcoins place? > Other blockchain technologies are cool, and may create super awesome internet, banking and ownership applications. But none of these things could ever replace bitcoin without copying its protocol. Its set up just right for maintaining integrity over time as a currency. If ETH did so, it would just be bitcoin #2 with a lower market cap and thus less security. So other coins are not a threat at all to bitcoins future utilization/ceiling. They do take some of the speculative dollars away from bitcoin, which I think is why alts are more volatile in price. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2lmv/top_10_bitcoin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.

GreenStretch

Just saw the praise for this comment on an later comment. I saw this a few days ago, but remember now that this really did stand out because BTC had been stuck at a plateau of $6,000 for a few months after declining from the peak. That was really boring and made me turn to altcoins beyond ETH and LTC for the first time. The hash wars between BCH and BSV led to this dramatic drop and it was a clear buying opportunity. Just wish I'd gotten more ETH with the BTC.

randomFrenchDeadbeat

My point is "it is only about the money and never about the game". The success of sunflower, and axie infinity is proof. Those games are crap. They do not have anything close to what define a good game. Axie was hacked, some people even say it is an inside job, and it happened because the team did a textboor security error. The result is the hacker took all the ETH he could. You cant do that when there is that much money from other people on the table.

beysl

I personally am less interested in more centralised projects, but Algorand is a great research driven project with a lot of adoption. Cosmos and Polkadot are all about parachains, basically an easy possibility for a project to create its own blockchain by configuration with the properties needed for the use case. Matic is getting more and more adoption and is building a lot of tech. ETH roolup L2 projects like loopring are probably here to stay in the forseeable future. Even though I am not sure what the proposition for the value of the token itself is since the base token used is ETH in these L2 solutions. And there so much more. I am not saying lnvest in any of these and I am not invested in all of them. Just to show what different kind of projects there are. In the end, you have todo your research alone. I think a great paradigm is to „invest only in what you understand“. Of course in the blockchain world few understand everything in detail because it will get highly technical, but you should have at least some knowledge.

ec265

ETH for the best risk adjusted returns and passive income

ec265

PSA: swapping ETH to rETH is one of the easiest ways to start staking and earning yield in a trustless manner, all the while contributing to a decentralised Ethereum.

iwakan

Only ETH.

piggleii

Only BTC, not even ETH.

throwaway300650

If you were given a choice between either going balls deep into BTC/ETH with all your savings and not selling for the next 5 years, or allowed to buy only alts and no BTC/ETH ever (with however much/little you want), which would you choose?

South-Security-Mouse

Just another opportunity for them to make money. Personally I am only sticking to BTC and ETH

x_lincoln_x

That means all of those will dip as money flows from them to BTC/ETH

x_lincoln_x

But you just said BTC and ETH would make zero profit.

jsd8cc

For sure I am gonna have a tattoo of his name if ETH starts the bullrun soon, as I am hodling this <3

20inchMetaLDildo

I made a decision Today, I am not going to purchase any Alts till the next halving. I am just going to accumulate BTC & ETH

Bucksaway03

Find a comfortable amount you can afford, but BTC and ETH every week/bi weekly/monthly and just sit back and relax

stongamuse

Everyone herr would get a tattoo of Vitalik once the ETH runs in the bull market

Wonzky

Probably will skyrocket up once ETH2 rolls out

hashzzz

Load up on BTC and ETH and live the digital nomad life

amaqinisohe

Already stacking my PF this dip with more ETH, EGLD, and holoride token RIDE.

goliaf1982_1

I dont have any dreams though, I have my goals, so I know I gonna be succeeded with the help of ETH

jun_039

you need a bridge to send a token (USDC) from one chain (ETH chain) to another one (polygon chain) . simple sending will not work.

GlenCarr

ETH is already the strongest coin all over the sub and therefore its obvious that it gonna have a bullrun anytime. Afterall, no other crypto is as good as ETH and hence people trust this coin a lot

synergyinvest

ETH could start its bullrun at anytime, because this is the only crypto people have faith upon

coinfeeds-bot

tldr; Vitalik Buterin, the co-founder of the Ethereum ETH/USD blockchain, recently said on a Twitter post that he is no longer a billionaire. "Will wake up bearish so ETH pumps and you can be a billionaire again I got you Vitalik don't worry *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

_sometimesido

Yolo on alts during the bull, go to stables or BTC/ETH during the bear. DCAing in the bear will pay off nicely during the bull.

CointestAdmin

#Ethereum Con-Arguments Below is an argument written by MrMoustacheMan which won 2nd place in the Ethereum Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Ethereum Con Argument > > - *Disclosure: I currently hold a position in ETH, ~53% of my current portfolio value* > - Tweaking my argument from [the last round](https://np.reddit.com/r/CryptoCurrency/comments/pz4vav/rcc_cointest_top_10_ethereum_conarguments_october/hq6gy23/) > - ETH has been the subject of a lot of criticism over the years and the same points still seem to get recycled ([premine/founders](https://np.reddit.com/r/CryptoCurrency/comments/owypvc/my_personal_investigation_into_ethereum_uncovers/), [DAO rollback](https://www.gemini.com/cryptopedia/the-dao-hack-makerdao), [scalability/centralization](https://np.reddit.com/r/CryptoCurrency/comments/qw2e32/eth_is_bad_and_i_am_tired_of_pretending_its_not/hl0bqo9/), [inflation/supply](https://www.theheldreport.com/p/bitcoin-vs-ethereum)). There are a ton of rebuttals online for the most common Con arguments - [see here](https://np.reddit.com/r/ethereum/comments/najp2c/addressing_common_criticisms_about_ethereum/) and [here](https://medium.com/@adamscochran/the-10k-audit-42c100dd32bb) for a start. > > - That being said, there are definitely some legitimate concerns about ETH to consider: > > ##Gotta pay the troll toll > > - As a protocol, Ethereum is an '[empire](https://www.finder.com.au\/brave-new-worlds-cosmos-blockchain-and-social-evolution)', a self-contained ecosystem with [composability](https://en.wikipedia.org/wiki/Composability). > > - But the downside of a 'one chain to rule them all' approach is that it locks users into using the system and paying gas fees in ETH. > > - [EVM](https://coinmarketcap.com/alexandria/glossary/ethereum-virtual-machine-evm) is certainly an industry standard, but [interoperability](https://www.gemini.com/cryptopedia/why-is-interoperability-important-for-blockchain) may be crypto's future. As Do Kwon of LUNA said recently: "[Maybe it's a bad idea to stick all the applications into one global computer. Maybe it just makes sense to have a multi-chain future.](https://twitter.com/MessariCrypto/status/1439969124550119431)" Vitalik agrees, [but differentiates between a *multi-chain* vs. a *cross-chain* future](https://np.reddit.com/r/ethereum/comments/rwojtk/ama_we_are_the_efs_research_team_pt_7_07_january/hrngyk8/). > > - We all know [gas fees](https://www.gasprice.io/) on ETH are a pain in the ass. > - A lot of complaints about gas are misguided or uninformed, not understanding the [blockchain trilemma](https://www.gemini.com/cryptopedia/blockchain-trilemma-decentralization-scalability-definition), mistakenly believing EIP1559 was supposed to lower gas fees (vs. [making them more predictable](https://pintail.xyz/posts/gas-market-analysis/)), or suggesting that ['gas fees are high, no one will use Ethereum'](https://np.reddit.com/r/CryptoCurrency/comments/qikr7r/a_10k_eth_is_not_unrealistic_it_is_inevitable/hik9pet/). > > - High gas fees are in fact an indication of usage, of [people competing to use the chain](https://cryptofees.info/) - but this makes ETH a victim of its own success. > > - Paying [$20 for a token transfer or a Uniswap trade](https://etherscan.io/gastracker) is just not feasible for users with less capital - [they get priced out of using the chain](https://np.reddit.com/r/CryptoCurrency/comments/qdi9i8/ive_tried_to_use_ethereum_1015_times_over_the/). > > - A really interesting article dives deeper into how "[people are entirely 'locked out' of their funds since it’d cost more in transaction fees to move the funds than the funds are actually worth.](https://medium.com/geekculture/value-fragmentation-8c8336f97cfd)" At the time of writing the total 'lost value' of ERC20s was $600M, which doesn't include ETH itself or NFTs. > > - Which brings us to competition and scalability: > > ##I drink your milkshake > > - Having prioritized decentralization and security at the expense of scalability, Ethereum is now [focused on rollups to meet demand](https://vitalik.ca/general/2021/12/06/endgame.html). > > - However, some users may not care about decentralization - they want to participate in DeFi, NFTs, etc. without paying an arm and a leg and will use BSC, SOL or [sidechains that don't inherit ETH's security](https://finematics.com/polygon-commit-chain-explained/). > - [Funds have migrated](https://ethhole.link/) over the past year from ETH [via bridges to L2s and other L1s](https://medium.com/etherscan-blog/ethereum-bridges-four-months-on-10ee36f889ae). > > - [TVL on L2s has boomed](https://l2beat.com/) as users flock to platforms with [cheaper transactions](https://l2fees.info/). Polygon for instance recently [flipped Ethereum in daily active addresses](https://www.coindesk.com/markets/2021/10/04/polygon-flips-ethereum-on-active-user-addresses/). > > - Ryan Selkis of Messari explained some concerns around these trends, suggesting that ETH's position will eroded by competitors and/or cannibalized by L2s: > > >["Decentralization (specifically political decentralization) and architectural soundness have become secondary properties at best and willfully ignored at worst in the mercenary dominant market of 2021. Not every new chain has tossed decentralization aside, but many have. Even if Ethereum manages to hold off its largest non-EVM rivals, it will leak value to the rollup chains it leans on for scalability. ETH sits at ~60% market cap dominance among Layer 1s. That will either fall below 50% in 2022, or its Layer 2 rollup tokens will eat into its growth. Maybe both.] (https://messari.io/pdf/messari-report-crypto-theses-for-2022.pdf)" > > ##Points of failure? > > - While I agree with [this article debunking the "ETH is centralized" mantra](https://medium.com/swlh/ethereum-isnt-decentralized-and-other-myths-ef2d132ee1fe), I think Ethereum still has some progress to make on the [**sociopolitical** and **architectural** aspects of decentralization](https://medium.com/@VitalikButerin/the-meaning-of-decentralization-a0c92b76a274#.355j5eg0v): > > - **Sociopolitics**: > > - Vitalik is a great steward of the project and has been [trying to remove himself as a single point of failure](https://www.youtube.com/watch?v=3x1b_S6Qp2Q&t=656s). Anyone remember the [Vitalik death hoax?](https://fortune.com/2017/06/26/vitalik-death/) > > - But as a 'high priest', Vitalik's [vision](https://vitalik.ca/general/2021/12/06/endgame.html), [proposals](https://news.coincu.com/38718-vitalik-buterin-makes-proposal-eip-4488-to-lower-gas-fees-for-ethereum-layer-2-in-the-short-term/) and opinions have preeminent influence and there's no doubt [he remains the 'face' of Ethereum](https://time.com/6158182/vitalik-buterin-ethereum-profile/). The community looks to him for key communications like [roadmap updates](https://twitter.com/vitalikbuterin/status/1466411377107558402). > > * While [Ethereum development functions as an open source collaboration](https://media.consensys.net/ethereum-2-0s-latest-strides-forward-13f63652e57d?gi=30830fb85bbd), I think there are a lot of benefits to having a pseudonymous, 'absent' founder like with Bitcoin and Monero. > > - There are also some concerns in my mind about the role of Joe Lubin and ConsenSys in [privatizing what should arguably be public goods](https://saitoofficial.medium.com/the-infura-problem-fe68866484ec). > > - **Architecture**: > > * ConsenSys has been a huge player in [driving enterprise adoption](https://consensys.net/blog/news/consensys-acquires-jpm-quorum/) - but they also own [key Ethereum infrastructure like Infura and MetaMask](https://www.coindesk.com/business/2021/11/02/consensys-shareholders-readying-legal-action-over-share-valuation/). They're now being [audited for letting banks like JPMorgan Chase get a piece of the pie](https://www.prnewswire.com/news-releases/blockchain-company-consensys-faces-multi-billion-dollar-audit-as-shareholders-claim-board-breaches-fiduciary-duties---attributed-to-arthur-falls-301493433.html). > > - [Crypto Twitter](https://twitter.com/infura_io/status/1499446959827931175) seemed surprised to learn that MetaMask and Infura aren't actually permissionless [when users in some countries lost access](https://www.theblockcrypto.com/post/136336/a-look-at-metamask-infura-opensea-and-the-countries-they-do-not-serve). > > - Bigger incidents like [Infura going down](https://coinmarketcap.com/alexandria/article/ethereums-infura-iating-outage-revives-decentralization-concerns) or the [Geth bug causing a chain split](https://decrypt.co/79597/ethereum-blockchain-splits-software-bug-network) highlight the Ethereum network's reliance on this infrastructure. > > > - Meanwhile client and hosting diversity remains an issue [(1)](https://mirror.xyz/jmcook.eth/S7ONEka_0RgtKTZ3-dakPmAHQNPvuj15nh0YGKPFriA) [(2)](https://clientdiversity.org/) as of writing: > > - On the mainnet (PoW): [>80% of nodes use Geth](https://www.ethernodes.org/), while [~69% of nodes run on hosting services](https://www.ethernodes.org/network-types)([e.g. AWS](https://decrypt.co/44321/70-of-ethereum-nodes-are-hosted-on-centralized-services)). > > - On the beacon chain (PoS): ~2/3 of validators use Prysm [(1... ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2luf/top_10_ethereum_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

CointestAdmin

Ethereum {{pros}} & {{cons}} and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Top Coins category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit an ETH pro-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/). | To submit an ETH con-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuww2u/top_coins_ethereum_conarguments_april_2022/).

GhostInTheShellx

I haven't seen any change in BTC or ETH

CointestAdmin

#Proof-of-Stake Con-Arguments Below is an argument written by excalilbug which won 2nd place in the Proof-of-Stake Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > [Proof of Stake](https://en.wikipedia.org/wiki/Proof_of_stake) (PoS) is currently the most popular mechanism that secures the blockchain > > But not always the most popular means the best > > The biggest problem of Proof of Stake is that you can't mine coins, you have to buy them. This gives upper hand to the rich. Rich people can buy more coins. And more coins means more power > > But that's not all. As the name suggests - you can stake your coin. And usually when you stake your coins you get more coins. So rich people, who buy a lot of coins, get even more coins. It's perpetuum mobile for the rich > > And the problem with most (all?) PoS coins is that they weren't "born" naturally like Bitcoin. True, Satoshi mined massive number of bitcoins but those bitcoins don't multiply themselves. If he wanted to have more bitcoins, he would have to compete against other miners. But creators of PoS coins leave many coins for themselves and then those coins multiply themselves by doing nothing > > Not to mention that in order to become a validator in the most popular PoS blockchains you have to be rich ([ETH = around $100k](https://ethereum.org/en/staking/)) or super rich ([BNB = around $4 millio](https://docs.binance.org/faq/bsc/val.html)n!!!) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6voht/general_concepts_round_pos_conarguments_december/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

Extremely-Bad-Idea

In order to create maximum demand for a digital euro, the European governments will need to undermine the reputation and acceptance or the major cryptos like BTC, ETH, and DOGE. China already did this in a very extreme way. A year ago China outlawed the mining of crypto and all financial transactions involving crypto. Then they introduced the digital yuan, a new Chinese national currency.

Npptestavarathon

I’m buying 300 of ETH every week. Changing it to 500 shortly and maybe adding $50 into Ada.

shwahdup

It refers to merging the code that will turn ETH from Proof of Work to Proof of Stake. Users will be able to earn a yield if they choose to stake their ETH and it will also change the supply/demand of the asset. Here's one (very bullish, so take it with a grain of salt and look for others) perspective on what the merge will mean to ETH price: https://m.youtube.com/watch?v=8ARp6GRzJ3A Long video but totally worth the watch IMO.

Prized-Man

Yeah I honest do expect it to happen in the Next run. Couple of days back I was reading somewhere that BSC is amongst the Top5 most used chains...it's a shame though that's it's a copy paste of ETH 😂

CointestAdmin

#Terra Pro-Arguments Below is an argument written by jeff406 which won 2nd place in the Terra Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra is built as a modular blockchain within the [Cosmos](https://cosmos.network/ecosystem/apps) ecosystem, which means it exists alongside several other great DeFi platforms. > > First and foremost, Terra is providing decentralized stablecoins at a time when we need it most. The threat of a [Tether collapse](https://www.wired.com/story/why-tethers-collapse-would-be-bad-for-cryptocurrencies/) is as prevalent as ever, and TerraUSD (UST)--one of Terra's decentralized stablecoin offerings--is serving as a crucial component in the risk-management process. In fact, major cryptocurrency exchange [Kucoin has been increasing the amount of UST pairs available](https://www.kucoin.com/news/en-ust-market-to-add-new-trading-pairs), enabling their users to wean off USDT while still making all the necessary trades. > > Another reason that traders may struggle to kick Tether to the curb is the desire for stablecoin yield-farming. Luckily, Terra's [Anchor Protocol](https://www.anchorprotocol.com/) allows users to earn 19.6% APY on their TerraUSD tokens, "powered by staking returns from multiple Proof of Stake blockchains." Users are also able to borrow TerraUSD by bonding assets such as ATOM, DOT, or ETH. > > Additionally, [Mirror Protocol](https://mirrorprotocol.app/#/trade) allows users to gain exposure to synthetic securities without the hurdles of traditional brokerages. > > Terra's ecosystem of financial tools provide a decentralized, 1:1 replacement for modern financial services. Beyond the stability that TerraUSD brings as a replacement to Tether, Terra's services can truly bring the benefits of modern financial products to unbanked individuals across the globe. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mwy/top_10_terra_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds.

bossturling

This kind of projects are worth appreciating though, afterall its all about ETH by Vitalik

shwahdup

Just buy ETH... The value flows there anyway

foreignGER

why are you so high on ADA? Personally, I am stacking up on coins I know would at least 2x during the next BTC halving. LTC and such is my preference while mining ETH. I will also buy more BTC from now until 2024.

Apprehensive-Ad-6902

Beyond corrupt. Will most likely be the fall guy for JP Morgan (Consensys/ETH 2.0) once crypto scams get regulated.

rsicher1

Have a lot of bETH on binance. I think I should withdraw it to pancakeswap and convert it to actual ETH since I can't KYC Worried I won't be able to withdraw it eventually

CointestAdmin

#Bitcoin Pro-Arguments Below is an argument written by debeezneez which won 1st place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Once it is more widely accepted, Bitcoin will be the first complete currency human beings have ever had. Fiat doesn't have limited supply, gold doesn't have portability, proof of stake coins don't have durability. Bitcoin is only missing acceptability as a key component in a currency, and that is rapidly changing with increased adoption. > > Even with a market cap of nearly 1 trillion dollars, bitcoin is extremely low in market cap compared to its potential. Some people expect that a sub billion dollar marketcap is the only way to make 100x, but that only relevant to coins that will top out in the billions. With the probable future of bitcoin being the worlds strongest currency, its value in TODAYS society is upwards of 100 trillion dollars (more on this later). In a future society that has had the benefit of using history's best monetary network, the potential market cap of bitcoin is indescribable. > > Despite often being called 'slow' when compared to other crypto based networks, Bitcoins development is optimized. You don't need to have layer one staking or smart contracts to fulfill the purpose of bitcoin. All that needs to happen is flawless protocol defence and network uptime. The tech is simple but the importance is vast, replicate the factors of hard money in a digital space, forever. > > Doing so in a decentralized manner ensures that Bitcoin is strengthened with every blow. The network is so reliable that it pays more to support it than it does to attack it. So when China bans mining, America buys asiics. When someone tries to acquire all the coins, the price chases them up. There are no individuals to prosecute so you have to attack the network head on, and market participates are enticed to learn from each attack. > > This is why regulation will hurt everything else but help the bitcoin network. No matter what the technology is or who uses it, if the government has a point of attack they will exploit it. Ethereum currently won't succeed without the vast changes being implemented by the ethereum foundation. That is a vulnerability. Fiat won't succeed without the federal government. That is a vulnerability. Bitcoin won't succeed if 51% of a largely spread group of financially successful people are somehow coerced to all betray themselves at the same time. That is not a serious vulnerability. > > BUT HEY! You made a lot of assumptions! > What if Bitcoin doesn't become widely accepted? > Bitcoin is superior at all the other aspects of money. (Durability, Portability, Divisibility, Uniformity, Limited supply). People are going to want to own it and eventually want to spend some. If you don't accept it as payment but it is popular, your competition will. > > How is 100 trillion even a real number? > There is more than just the money in everyones savings account. People already know that fiat can be outpaced with superior assets, and the equity market is estimated at around 300 trillion dollars today. None of those options have as many monetary aspects covered as bitcoin does. > > Why would anyone new buy it if you can't yield farm shit coins? > Jokes aside, the purpose of bitcoin is to preserve purchasing power, which is does almost flawlessly. Everyone is going to want this ability for a large portion of their capital eventually. Other protocols are acting sort of like a bank when they run defi. Its really you lending your purchasing power to an actor for credit. Its pretty neat but not revolutionary just because its on blockchain. > > How is it decentralized when michael saylor owns it all? > Two part answer. The network is secured not just by holders but by nodes and miners. Microstrategy will get large returns for taking a large risk if bitcoins price goes up, and that is perfectly fair. But as they buy more and more, it is going to cost more and more, where every other financial system in history has had some sort of corruption in its growth from unequal opportunity. As of today and as of 10 years ago, you and apple have the same purchase price. > > Don't hate on ETH, why can't something newer take Bitcoins place? > Other blockchain technologies are cool, and may create super awesome internet, banking and ownership applications. But none of these things could ever replace bitcoin without copying its protocol. Its set up just right for maintaining integrity over time as a currency. If ETH did so, it would just be bitcoin #2 with a lower market cap and thus less security. So other coins are not a threat at all to bitcoins future utilization/ceiling. They do take some of the speculative dollars away from bitcoin, which I think is why alts are more volatile in price. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2lmv/top_10_bitcoin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.

TraderCooler

Institutional block flows through Paradigm showed traders leaning into OTM ETH calls last week. [ETH calls](https://twitter.com/patrickrooney/status/1528024608884113409?s=21&t=I7UYTQPPA6-OC-bieLpqNQ)

honestlyimeanreally

Right, not really analogous to the burn wallets on btc and ETH at all…

gitaration

ETH to 10 usd

bustabeeb0

That's upto you on which shitcoins you prefer, but I personally hodl ETH since long and I was never sad with it

RichardStaschy

JP Morgan owns ETH. Vitaliy is a front. After ApeCoin pump and dump "with complaints of gas on ETH" gave me a flashback of of early November 2021. I was talking about JP Morgan and ETH when you summoned me... I'm looking for the next ETH meme coin...

Gallows94

Buy an average house, leave $50K in cash, then diversify the rest to the following: 18% BTC 27% ETH 5% MATIC 30% VOO 10% VGT 5% MSFT 5% NVDA

cryotosensei

You are given a 1-minute test. How many things do you think you can write about ETH Merge in one minute?

Sketchy-Lefty25

Most investments are down so crypto is not alone. I’m sticking to ETH and BTC with a few alts thrown in but most of my money is going into those two.

FlyingMachine78

I’m looking to buy into DOT and ETH the next year. So I’m rooting for the crash quite honestly. I know that sounds bad, but I want the economy to tank. 🤷‍♂️👀

Kike328

Probably you didn’t knew this, but the fees paid to stakers are 10 times lower in comparison to what we are paying to miners. Staking is way cheaper from a network security standpoint, paying miners is just wasting ETH for the entire network, when a more efficient economical solution like POS is available.

TheDoge420

weed and mean when 90% of the population uses/invests in BTC then it will stay around 50k average or maybe the holy grail of 100k, i think BTC is a bit inflated and will correct down to 20k, sidenote i have BTC and ETH

shwahdup

People are sleeping so hard on the ETH merge

Br0kenRabbitTV

When this happend to me at the end of 2017 I added BCH, LTC and ETH... ..though ETH soon suffered the same fate. The bad thing about all this is, merchants that are not following the crypto scene much who started to accept BTC were burnt and it has put them off. Valve/Steam probably being the most well known example of this, losing them was horrible.

CointestAdmin

#Bitcoin Pro-Arguments Below is an argument written by debeezneez which won 1st place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Once it is more widely accepted, Bitcoin will be the first complete currency human beings have ever had. Fiat doesn't have limited supply, gold doesn't have portability, proof of stake coins don't have durability. Bitcoin is only missing acceptability as a key component in a currency, and that is rapidly changing with increased adoption. > > Even with a market cap of nearly 1 trillion dollars, bitcoin is extremely low in market cap compared to its potential. Some people expect that a sub billion dollar marketcap is the only way to make 100x, but that only relevant to coins that will top out in the billions. With the probable future of bitcoin being the worlds strongest currency, its value in TODAYS society is upwards of 100 trillion dollars (more on this later). In a future society that has had the benefit of using history's best monetary network, the potential market cap of bitcoin is indescribable. > > Despite often being called 'slow' when compared to other crypto based networks, Bitcoins development is optimized. You don't need to have layer one staking or smart contracts to fulfill the purpose of bitcoin. All that needs to happen is flawless protocol defence and network uptime. The tech is simple but the importance is vast, replicate the factors of hard money in a digital space, forever. > > Doing so in a decentralized manner ensures that Bitcoin is strengthened with every blow. The network is so reliable that it pays more to support it than it does to attack it. So when China bans mining, America buys asiics. When someone tries to acquire all the coins, the price chases them up. There are no individuals to prosecute so you have to attack the network head on, and market participates are enticed to learn from each attack. > > This is why regulation will hurt everything else but help the bitcoin network. No matter what the technology is or who uses it, if the government has a point of attack they will exploit it. Ethereum currently won't succeed without the vast changes being implemented by the ethereum foundation. That is a vulnerability. Fiat won't succeed without the federal government. That is a vulnerability. Bitcoin won't succeed if 51% of a largely spread group of financially successful people are somehow coerced to all betray themselves at the same time. That is not a serious vulnerability. > > BUT HEY! You made a lot of assumptions! > What if Bitcoin doesn't become widely accepted? > Bitcoin is superior at all the other aspects of money. (Durability, Portability, Divisibility, Uniformity, Limited supply). People are going to want to own it and eventually want to spend some. If you don't accept it as payment but it is popular, your competition will. > > How is 100 trillion even a real number? > There is more than just the money in everyones savings account. People already know that fiat can be outpaced with superior assets, and the equity market is estimated at around 300 trillion dollars today. None of those options have as many monetary aspects covered as bitcoin does. > > Why would anyone new buy it if you can't yield farm shit coins? > Jokes aside, the purpose of bitcoin is to preserve purchasing power, which is does almost flawlessly. Everyone is going to want this ability for a large portion of their capital eventually. Other protocols are acting sort of like a bank when they run defi. Its really you lending your purchasing power to an actor for credit. Its pretty neat but not revolutionary just because its on blockchain. > > How is it decentralized when michael saylor owns it all? > Two part answer. The network is secured not just by holders but by nodes and miners. Microstrategy will get large returns for taking a large risk if bitcoins price goes up, and that is perfectly fair. But as they buy more and more, it is going to cost more and more, where every other financial system in history has had some sort of corruption in its growth from unequal opportunity. As of today and as of 10 years ago, you and apple have the same purchase price. > > Don't hate on ETH, why can't something newer take Bitcoins place? > Other blockchain technologies are cool, and may create super awesome internet, banking and ownership applications. But none of these things could ever replace bitcoin without copying its protocol. Its set up just right for maintaining integrity over time as a currency. If ETH did so, it would just be bitcoin #2 with a lower market cap and thus less security. So other coins are not a threat at all to bitcoins future utilization/ceiling. They do take some of the speculative dollars away from bitcoin, which I think is why alts are more volatile in price. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2lmv/top_10_bitcoin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.

Harucifer

>If I trade something worth nothing for something worth nothing there would be no gain I don't think trades from BTC directly to ETH, for example, are taxed. Your gains in capital will be taxed though if you at any moment sell that BTC/ETH for USD.

Uwantmedowhat

If there was EVER a time to refocus and DCA into the top 2, BTC and ETH, now is that time. Perfect time to lower cost average while filling your bags with quality crypto...not financial advice, but just good common sense.

DucksWatch

I really hope a bullrun soon gonna take place for the ETH, I would be happy af

btcneeded90

The truth is that there is no running away from ETH at this point if they are actually doing any sort of trading on a daily basis. The issue of gas is also pretty much solved down now.

CointestAdmin

#Cardano Con-Arguments Below is an argument written by Shippior which won 2nd place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Cardano has been hyped a lot. Due to the extensive marketing with Charles Hoskinson at the forefront it was a major player is the latest bull run. With its hype it reached the 3rd position, behind BTC and ETH, without even having the capacbility of smart contracts. > > Smart contracts were released with the Alonzo upgrade in September 2021 and since then it has been awefully quite on the network. The eUTXO model that Cardano has revolutionised has proven to be quite the nut to crack to succesfully implement an ecosystem that is comparable to other networks like Ethererum. > > Several Dapps have been launched on Cardano and are fighting for the top spot. Currently there is about 1 billion Total Value Locked on Cardano. Compared to the 185 billion on Ethereum and 3 billion on Avalanche that is not quite as much as hoped for. DeFi is still in its infancy and due to the system that is required to pay validators to batch transactions it is quite expensive to perform transactions. Transaction fees of 2-3 ADA are not uncommon. > > Next to that the character of Charles has received some cracks. It was rumored that the front loading of Sundeaswap was performed by Charles and recently there has been quite some fuzz about wether or not Charles has earned the degrees that he claims he has. > > For Cardano to become a serious competitor to Ethereum the community has a lot of developing to do. Next to that the IOHK foundation needs to be able to drop Charles and prove that they can run the network without having to rely on his charisma. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2min/top_10_cardano_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

RichardStaschy

I'm trying to figure why you brought it up? I'm just a fly... Who would of guess JP Morgan owns ETH. Create a great con (NFTs) people owning burn wallets with art. And they created, pump and dump cryptos like shiba and ApeCoin... As for Bryan... sure I trust him as much as I trust Vitalik Buterin...

w00tangel

BTC, ETH for long term hodl. Some go into shitcoins for da, trades. A few of us like ALGO but we're tech guys.

Days_End

The dollar is surging though? Compared to other currencies like the Euro or BTC and ETH it's way up over the last year.

TrulyAuthentic123

I've been warning people for quite some time that BTC is not a good investment. I've also been warning that Proof of Work will be hated and demonized in the future. Bitcoin is one thing only, and that's a means of transaction. ETH, ADA, etc., are likewise means of transaction, but are also much more, and are therefore more worthy investments. They are also POS, instead of POW.

Trans-on-trans

ETH $2500 = Bull Market, gotcha!

FMFqp

I don't see that as a good investment though. Why don't you just get these high cap gem (BTC & ETH) then farm them as tenBTC and tenETH and earn incentives with ease.

milonuttigrain

Typical low volume weekend. BTC $29,409 ETH $1,974

Br0kenRabbitTV

It's cool man, I'm more than open to discussion about coins that have potential to actually be used and spent. Yep, BTC, BTCLN and ETH are dead payment gateways on my stores these days. My coin of choice is BCH. BCH and LTC are the most spent coins with me in 2022, but I don't like the LTC project much, it's a carbon copy of BTC and if it ever got a huge price increase, they would also move over to LN/sidechains.. it works well now and has 4x the capacity by design than BTC but ultimately it would have the same fate if popular and expensive. Also the community don;t seem intereset much in merhcnat opinions or views. XMR is my second choice, but it is kinda clunky, with the bonus of great privacy.. running an XMR node uses a huge amount of resources compared to other coins, and without using a third party payment processor it is much harder to integrate as a payment option on a store. When selling legal products it's kinda overkill IMHO.

RichardStaschy

The OWN ETH... Dont play silly fact checker...

laulau9025

Or other, was just an example.. didn´t mean to put it forward as thé solution, hence the question mark. Before the crash it didn´t see huge price fluctuations and I would like to pay with a coin like that. ETH Gas fees are too high and I don´t want to get rid of my BTC. What would be your coin of choice?

Br0kenRabbitTV

Maybe. I've actually been considering removing BTC and BTC LN options from my existing stores, and no longer add it to new projects, because since 2017 barely anybody spends it with me, in 2022 it's only around 5% of my total crypto income, even with an LN option. In the main bitcoin sub the majority of people are not interested in spending it any longer, but <2017 it was actually the only coin I had listed as a crypto option. but as long as all these coins have at least some value, even if it is below £0.01, it is still useful to me and any other merchants. Coins I'm currently accepting are BTC, BTCLN, BCH, LTC, DASH, XMR, DOGE, ETH and VTC. ETH is also useless now as p2p cash but around 2018 a lot of people were spending it with me.

socalquest

I’m holding for 8 years. This is a long term investment. Not interested in timing the next market top!!! Stack, stake and Hodl ETH to riches!!! GLTA!!!

CognizantSynapsid

I was going to split it tbh. Originally did plan to do all the ETH and BTC on cold. The reason for keeping some in the hot wallet would be for staking/more flexibility. What’re your thoughts on that?

CointestAdmin

#Bitcoin Pro-Arguments Below is an argument written by debeezneez which won 1st place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Once it is more widely accepted, Bitcoin will be the first complete currency human beings have ever had. Fiat doesn't have limited supply, gold doesn't have portability, proof of stake coins don't have durability. Bitcoin is only missing acceptability as a key component in a currency, and that is rapidly changing with increased adoption. > > Even with a market cap of nearly 1 trillion dollars, bitcoin is extremely low in market cap compared to its potential. Some people expect that a sub billion dollar marketcap is the only way to make 100x, but that only relevant to coins that will top out in the billions. With the probable future of bitcoin being the worlds strongest currency, its value in TODAYS society is upwards of 100 trillion dollars (more on this later). In a future society that has had the benefit of using history's best monetary network, the potential market cap of bitcoin is indescribable. > > Despite often being called 'slow' when compared to other crypto based networks, Bitcoins development is optimized. You don't need to have layer one staking or smart contracts to fulfill the purpose of bitcoin. All that needs to happen is flawless protocol defence and network uptime. The tech is simple but the importance is vast, replicate the factors of hard money in a digital space, forever. > > Doing so in a decentralized manner ensures that Bitcoin is strengthened with every blow. The network is so reliable that it pays more to support it than it does to attack it. So when China bans mining, America buys asiics. When someone tries to acquire all the coins, the price chases them up. There are no individuals to prosecute so you have to attack the network head on, and market participates are enticed to learn from each attack. > > This is why regulation will hurt everything else but help the bitcoin network. No matter what the technology is or who uses it, if the government has a point of attack they will exploit it. Ethereum currently won't succeed without the vast changes being implemented by the ethereum foundation. That is a vulnerability. Fiat won't succeed without the federal government. That is a vulnerability. Bitcoin won't succeed if 51% of a largely spread group of financially successful people are somehow coerced to all betray themselves at the same time. That is not a serious vulnerability. > > BUT HEY! You made a lot of assumptions! > What if Bitcoin doesn't become widely accepted? > Bitcoin is superior at all the other aspects of money. (Durability, Portability, Divisibility, Uniformity, Limited supply). People are going to want to own it and eventually want to spend some. If you don't accept it as payment but it is popular, your competition will. > > How is 100 trillion even a real number? > There is more than just the money in everyones savings account. People already know that fiat can be outpaced with superior assets, and the equity market is estimated at around 300 trillion dollars today. None of those options have as many monetary aspects covered as bitcoin does. > > Why would anyone new buy it if you can't yield farm shit coins? > Jokes aside, the purpose of bitcoin is to preserve purchasing power, which is does almost flawlessly. Everyone is going to want this ability for a large portion of their capital eventually. Other protocols are acting sort of like a bank when they run defi. Its really you lending your purchasing power to an actor for credit. Its pretty neat but not revolutionary just because its on blockchain. > > How is it decentralized when michael saylor owns it all? > Two part answer. The network is secured not just by holders but by nodes and miners. Microstrategy will get large returns for taking a large risk if bitcoins price goes up, and that is perfectly fair. But as they buy more and more, it is going to cost more and more, where every other financial system in history has had some sort of corruption in its growth from unequal opportunity. As of today and as of 10 years ago, you and apple have the same purchase price. > > Don't hate on ETH, why can't something newer take Bitcoins place? > Other blockchain technologies are cool, and may create super awesome internet, banking and ownership applications. But none of these things could ever replace bitcoin without copying its protocol. Its set up just right for maintaining integrity over time as a currency. If ETH did so, it would just be bitcoin #2 with a lower market cap and thus less security. So other coins are not a threat at all to bitcoins future utilization/ceiling. They do take some of the speculative dollars away from bitcoin, which I think is why alts are more volatile in price. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2lmv/top_10_bitcoin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.

TheDoge420

ETH is over hyped, supply is unlimited so where's the value disclaimer: i hold ETH and BTC amongst various meme-coins

avictor32

Such a poor lifestyle now, from billion to million, ugh I must be the guy I wish :( anyways Vitalik gonna get billions one again in the bullrun from ETH