JP

CointestMod

#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

CointestMod

#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

UrU_AnnA

JP Morgan dont like competition. They want to keep their monopoly.

GiverTakerMaker

And have they also got Epstein's banker under arrest? JP Morgan has laundered more money than anyone....

KoreanJesusFTW

> It's funny though that Ethereum infrastructure is run substantially by Infura, which is majority owned by JP Morgan, while Cardano infrastructure is run by a decentralised community. If you know how Ethereun is structured, you know that this is simply not true. Infura is just an RPC endpoint. Matter of fact, I can mount my wallet in Metamask and make it use one of my nodes as the RPC endpoint instead of Infura. The entire Ethereum network is run by stakers - primarily by solo stakers, individuals that bootstrapped the beacon chain when it switched from POW to POS. In contrast, ADA runs a DPOS variant because they didnt have as much research as Ethereum did. All Proof Of Stake that existed prior to ETH POS are done this way - DELEGATED POS (that's what the D stands for). It centralizes on the delegates much like the pools in mining. Sure, Ethereum now has custodial staking providers. This is primarily for participants that's got less that 32 ETH to stake. > Also Ethereum devs have openly declared that governance by the Ethereum community is impossible, Citation required. One would suspect that this is merely the opinions of a few. Governance is there, decisions are being made by the community on each EIP that goes through. It works and it exists. We see this on the daily. This is one of the reasons why everything on top of Ethereum works. It is also clearly the home of DeFi. The chain has no special "shutdown feature" once in a while because it is designed very well. World's best minds are working in Ethereum. > while in Cardano community governance is readying to launch. This is comparing something that exists and clearly working to something that's not even there... Yeah, let that sink in for a while. > It's almost like if you look at facts rather than narratives, your whole point is turned upside down. Sure, that's why ADA strive so hard to be that ETH killers that many pose as for years and I suspect will continue to do so for years to come, right?. Let's face it in a competition, you keep your eye on the one that's ahead. Not the ones that ate the dust behind you. ADA clearly had it's eyes on ETH for since it launched. That forced implementation of smart contracts even though smart contracts does not natively work with UTXO (Charles chosen addressing scheme for ADA --- wow!). This is BTW, the reason why EUTXO was created. That's a point per point rebuttal. I welcome any counter argument with the relevant proof.

Gojo26

Cant believe people still think those elites are not early in BTC. They have always been ahead of the retails. We have been misled since the early days of BTC. Just look how JP morgan and other elites calls BTC fraud

ThatChrisGuy7

Russia seized $440 million from JP Morgan, plus it’s just going down after the halving hype

One_Boot_5662

It's funny though that Ethereum infrastructure is run substantially by Infura, which is majority owned by JP Morgan, while Cardano infrastructure is run by a decentralised community. Also Ethereum devs have openly declared that governance by the Ethereum community is impossible, while in Cardano community governance is readying to launch. It's almost like if you look at facts rather than narratives, your whole point is turned upside down.

tortasdericas

Isn't Japan already using Bitcoin? I'm buying it through JP Mercari.

SpiritedBuilder3

I hear you and agree with you. I’m looking for a salient argument against it. I can get all the echo chamber bros repeating the same bullshit about scarcity, immutability, etc. I can listen to Jamie Dimond tell me that it is only good for criminals (seriously, JP Morgan has paid over 30 Billion dollars in fines for bad faith acts, like sex trafficking, mortgage violations). I don’t need more conformational bias. Let us know if you find what you are looking for.

Phillip1219

I’ve been a big fan of AVAX for a while. They’re partnered with JP Morgan and Amazon. Was at $67 before the dump, I see it going to $125+

MercatorAureus

See it the same way as long term investment with Blue Chip stocks. Buy and hold. Bitcoins is digital gold and will stay so for many decades to come. Especially now with mega institutions getting late into the game, but with a lot of gun power. It’s my opinion that they will dominate the crypto market and push away retail investors like us. JP Morgan, Black Rock, Merrill Lynch, just to mention a few, finally realized that crypto was power to the ppl, so if they own it all, they will keep the control of the economy. And now China getting into it through HK with bitcoin ETF… as for me… I’ll HODL for ever. (This is my personal opinion, always consult with your registered FA or CPA for advice before doing anything)

urnotpatches

JP Morgan is full of crap. They don’t know anything about bitcoin. When Bitcoin was at $60,000 about a month ago they said it was going to go down to $40,000. When that didn’t happen, they said it would correct to $48,000. When that didn’t happen, they now say it will correct downward after the halving. I guess if they bless us with their wisdom often enough they figure they will eventually be right. You probably read that on Coinbase. They’re a bunch of idiots as well. They’ll put any article on their website no matter what it says.

CointestMod

#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

cavalloacquatico

JP Morgan predicts price drop- so we can fade that. And last few halvings have seen bull yearly run-up. What are the chances both JPM issues a truthful statement AND previous history reverses course? What this means to me is that converting everything into BC immediately is safe / no steep short term drops like with recent bear run (where you would take a bloodbath every time you paid for something). Especially too because Fed will do anything to prop up things during this Election year. Semi-encouraging additionally is BRICS announcing they will settle in crypto- although it wouldn't surprise me if those rabid chimps screw up things with shitcoins and\or national e-coins. Biggest personal worry had been present administration declaring full war on crypto, but we've seemingly dodged that bullet- although they still have made things difficult- it'd be far easier & more lucrative on another passport elsewhere...as with gambling, day trading, banking.

OldTimez

My only concern in the long term is if banks would use xlm / xrp instead of making their own chain and having full control. Can’t remember what article it was but was it JP Morgan was in progress of making their own version of ETH to tokenise their assets? I think it’s a long standing narrative that Banks want to control whatever it is they use. I find it hard to believe that would willingly choose to use an ecosystem that is prone to changes due to validators power to vote for change and other things like only 60% of the supply is in open circulation. I find it much more plausible that they would just hire and build their own network by funding a few hundred million in developer acquisitions, when say the market cap of XRP is something like $25 billion.

fa3z13

who JP Morgan before BTC hype?

OkAd1635

Remember the time Jamie Dimon said BTC was a fraud and he would fire any one of his employees who purchased it. And then that weekend he was the largest buyer of bitcoin acquiring millions of dollars worth. Yeah I don’t listen to JP Morgan anymore…

suninabox

> It takes in USD and issues loan guarantees against that USD in the form of USDT USDT isn't a guarantee to anything. Check your terms and conditions. >which can be redeemed at a discount There is no redemption mechanism. >the likelihood that more than 20-30% getting withdrawn "at once" is quite small. The likelihood is 0 since there's no redemption mechanism. What would be a "run" on Tether is too many people trying to sell Tether and it depegging faster than they can wash trade its price back up. >Tether is just JP Morgan, Digital Edition. That's not how banks work.

ElDiabloRamon

You know, in 10 years, all those same people will look back and see bitcoin and $10,000,000 and they will see how they were lied to by the likes of JP Morgan, and be PISSED.

Whiskeymiller

It is because JP Morgan is creating Onyx to compete with the crypto space.

jps_

Back when JP Morgan was as young as Tether, you couldn't say that. Tether isn't even fully-grown yet.

iStayedAtaHolidayInn

JP Morgan is secured by the FDIC and is under the regulations of the SEC

ElDiabloRamon

The only thing i can thing of, is that the banks and thr likes of JP Morgan and Jamie Diamon have done a serious mind job on the public. Absoluty stupifying.

jps_

It's actually a more clever bid than that. Tether is a bank. It takes in USD and issues loan guarantees against that USD in the form of USDT, which can be redeemed at a discount. It then invests that USD for return. Some of which is in leveraged loans. It can reliably keep 20-30% around in cash for the same reason that fractional reserve banking works: the likelihood that more than 20-30% getting withdrawn "at once" is quite small. The rest, it can use for fun and profit. While the likelihood of a run is small, it is not zero. A legitimately serious run will kill Tether. No ifs, ands or buts. However, as it gets bigger and bigger, and crypto becomes more diversified, the likelihood of a run is smaller and smaller. Tether is just JP Morgan, Digital Edition.

Dark_Raiden_

JP Morgan doesn't like crypto, surprise. Except ethereum, hmmm I wonder why 🤔

explision

JP Morgan is bearish on most stuff. I own a stock that they believe is worth half the price since over a year

Bigmoochcooch

JP Morgan was buying up Bitcoin while they were telling Americans and everyone else not to buy it back in 2019-2020. Scum is what they are

porpoisebuilt2

And in breaking news JP Morgan suck

DaveinOakland

JP Morgan is the Jim Cramer of Crypto, they were saying it was going lower when it was like 17k. Literally on the wrong side of the curve every single time

Grunblau

JP Morgan needs BTC and precious metals to remain under control. If it doesn’t, it undermines their foundation and everything they built for the last 50 years.

New-Professional-746

JP Morgan and their head CEO hate Bitcoin. They are so behind the dems in the political realm it’s sick. They of course take a. Negative positive on it. They want to rule the world and. Bitcoin takes away that ability. Just go read articles from him that go back a couple of months….it’s so obvious it’s scary. Should have let them bounce back in 2007 and 2009z

OutsideValue

JP Morgan hates BTC but still wants to shake the little guy out of the mix. Shameless bastards.

Beatsbyimported

This one CTO yesterday hit 1 mil and now pumping back #1 on dextools trending https://photon-sol.tinyastro.io/en/lp/Fnz5U2xk98p13evk3eZz8RALD3zFn3sx2JP2obZRBT6J?handle=224427d895f1b6262238c

Due-Doughnut-7913

Yea this is JP Morgan manipulating the price.

Round-Travel3413

JP sells a ton. Price falls. JP buys 4 tons

Mannyprime

Forget JP Bd Deutsche. Wells Fargo is run by super villians, I swear.

dou8le8u88le

The very same JP Morgan that was publicly saying crypto was dead last year whilst secretly buying btc. These tossers will do anything to create fud and hold the price down as long as they can so they can buy as much as they can. Ignore the noise.

p4ttl1992

Inverse JP Morgan

ghostchihuahua

And then they heard that bitcoin was dead. again. JP shillin' like there's no tomorrow... wait what? There's no tomorrow? lemme buy moar!!

Evilmoustachetwirler

JP Morgan was wrong about Bitcoin the last 350 times, we should definitely start listening to them now

Tall_Sherbet_6228

JP Morgan just wants to buy cheap.

mg00000000000000

JP Morgan Chase I fuck them in their face

co-oper8

JP always says the opposite of what they mean then buys the dip

zinobythebay

Everyone know JP Morgan is the expert on bitcoin.

DTSA2428

JP Morgan is a criminal enterprise...

OGAcidCowboy

If bitcoin devalues when it’s halved that’s actually a good thing long term… Think about it… if it devalues that means you can buy more bitcoin cheaper and over time the price of bitcoin WILL increase above what it was before the halving and then continue to increase. Bitcoin (and I wish I had more money to invest) is a bigger chance of return than even the boomers got with housing investments. So hope that JP Morgan is right, then buy heaps of reduced price bitcoin and do not worry that your current bitcoin has (temporarily) devalued, as the value will increase almost exponentially…

a_sleeping_sloth

Up yours JP Morgan, dirty crooks

linuxworks

Note to self, don’t believe anything JP Morgan says. They’ve been wrong about bitcoin since its inception.

Choobtastic

JP Morgan is a complete moron

schrodster

JP Morgan is the Cramer of crypto. Just do the inverse.

Mottbox1534

The CEO of JP Morgan is anti BTC in interviews.

Daisyssssmom

This JP Morgan fella sounds like a real ahole

_Vedz182_

JP Morgan and Jamie Dimon can suck our collective fat nuts.

kaicoder

JP Morgan aays drop, that's easy, just buy more.

warfoxbravo

Fucking JP Morgan, just manipulating the market to buy more at a lower price.

guiguyy

JP Morgan is on one today! Seething at the halving when the doors should stay poor and not have a chance!

MPH2025

JP Morgan owns one of the banks that was funding Jeffrey Epstein

Grizzzlybearzz

Bitcoin ceo says “JP Morgan is a fraud”

Shark_mark

JP Morgan are the most unethical pack of cunts on Wall St., I literally couldn’t give a fuck what they have to say.

Daedaluu5

So because JP Morgan says, it’s gonna happen?? I just see that as price go up, buy more….

Salty_Tumbleweed_491

JP Morgan wants to manipulate the market

lfhdbeuapdndjeo

I have more respect for Jim Cramer than JP Morgan

1nc0gN33t0

Isreal retaliated against Iran.... and then against JP Morgan..

fischer07

This JP Morgan person is always such a buzz kill! Lol! /s

muxman

Bitcoin success is nothing but loss and failure for JP Morgan. They're going to nay-say it every chance they can.

brav0F0x

JP Morgan has never been pro Bitcoin

Financial_Design_801

As JP Morgan works alongside bitcoin ETF providers🤣 just doesn’t want you to win only the likes of his fav clients such as Epstein

Low__Potential

Why do y'all continuously post these articles regarding JP Morgan? We all know they hate BTC, we know they are bearish on crytpo as a whole...who cares? stop posting these trash articles from trash sources expectations.

DontBleepWithThis

.....and MY REPORT says that JP and all the Morgans can collectively smooch my butt!!

warlock_2121

Hell yeah! Now see JP Morgan says the same.... Where are the Bulls who were screaming about halving bull run???

CointestMod

#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

CointestMod

#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

CointestMod

#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

CointestMod

#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

CointestMod

#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

CointestMod

#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Lyuseefur

JP Morgan Chase stock “crashed” Friday and no one is talking about that.

CointestMod

#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

courtrye

A lot less than USD by dollar amount and as a percentage of supply. Here’s an example with JP Morgan (and there are many more beyond this) https://www.asisonline.org/security-management-magazine/articles/2023/10/legal-report-october-2023/ And here’s an example with HSBC for an even greater amount https://www.investopedia.com/stock-analysis/2013/investing-news-for-jan-29-hsbcs-money-laundering-scandal-hbc-scbff-ing-cs-rbs0129.aspx#:~:text=In%202012%2C%20U.S.%20federal%20regulators,Norte%20del%20Valle%20drug%20cartels.

watchingbigbrother63

I'm serious dude. If Bitcoin goes dark do you think BlackRock, Fidelity, JP Morgan are going to stay in it? All you have to do to set this thing on fire is give a handful of politicians more ammunition to call it money laundering, terror financing and all the rest. But Rosco can't think beyond his grandpa's stories about how FDR tried to seize the gold in the 1930's.

Kavub

Where can I buy JP Morgan coin?

CointestMod

#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

purzeldiplumms

>You could have JP Morgan coin, hosted on Amazon servers, and mined with the souls of kittens 🤣

nos500

“You could have JP Morgan coin, hosted on Amazon servers, and mined with the souls of kittens and degens would push it to a top 5 MC if they could make a buck.” Lol. Will always use this from now on.

FatterWildcatter

JP Morgan said "Gold is money. Everything else is credit." https://www.investmentoffice.com/Observations/Macro_Observations/Gold_Is_Money_Everything_Else_Is_credit.html#:~:text=Why%3F,buy%20currencies%20rather%20than%20gold.

Spmhealy_ADA

Only 1% of crypto is in it for the ethos, tech, the idealistic beliefs many came to crypto for. The other 99% just want to gamble and don't care. Crypto is a land of smoke and mirrors. You could have JP Morgan coin, hosted on Amazon servers, and mined with the souls of kittens and degens would push it to a top 5 MC if they could make a buck.

Deep-Philosopher-288

Damn you would have been a millionaire. You can become a millionaire just buying your every day needs though this app called social good for iPhones and android. In the app stores. I’ve been using it for order pick ups and shopping online at Costco , temu a bit , I really like to use the group on app through this app. It’s savings on top of savings and you get crypto back like a lot of it right now. Up to 1500 percent back on certain stores https://go.socialgood.inc/?adj_t=15iieywj&adj_deeplink_js=1&referralCode=JP5XCZ #boostsocialgoodprice

Shillfinger

Bye, bye JP Morgan. Your days are numbered. Defi is coming for you..

GoodNature33

JP Morgan becoming crypto bros soon.

coinfeeds-bot

tldr; BlackRock's spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), has added major U.S. banks including Citadel, Goldman Sachs, UBS, and Citigroup as authorized participants. These banks join others like ABN AMRO, JP Morgan, and Virtu in supporting the ETF, which aims to closely align its share price with that of Bitcoin. Despite previous skepticism from some of these banks towards crypto, their involvement indicates a growing acceptance of digital assets among traditional financial institutions. Since its launch in January, the ETF has seen significant growth, now holding over $16 billion in assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

matthew19

“Suck my tongue” to an 8 year old - also [Dalai Lama](https://youtu.be/FPFKgNAmHcY?si=wbrcKalRS6JP-Xs3)

maynardstaint

Financially, I think the equivalent is Joe Lubin. I doubt buterin was behind any of the shady stuff. He genuinely seems to be interested in the code. It worries me that he is the science officer for WangXiang block chain group. Funded by Hashkey. A known CCP entity. But lubin is friends with Gensler. Lubin is the only person who says the SEC is getting the rules right. Lubin has been sued for selling metamask and Infura to JP Morgan for a personal loan of $37 million. He lost that case. And 5 others.

Groggy_Otter_72

Strong! Nobody sets the pace like Midwestern agricultural outfits. I’m sure JP Morgan saw the news and had a huge board meeting about KC Cattle putting their cash reserves into a vehicle that plunges 80% every few years.

-_-fumba

Did Epstein use Bitcoin? No, he used JP Morgan Chase Bank who ended up paying $300mil after the dust settled to keep everyone quiet. I’m sick of this argument that crypto enables fraud or crime. The old system does. I’m also sick of those “I lost $140k to a scam” FUD headlines too. We’re done being gaslighted. Decentralized finance is a train that can’t be stopped; a train to the future.

Kalastics

In like 2010 or 2011ish, I found out about the silk road and various other ""deepweb"" sites and was definitely not trying to buy drugs with it lol. I thought bitcoin was sort of interesting so I occasionally would just take a glance at it (had no idea about trading/etc at the time- my only understanding of bitcoin was ''untraceable currency", and watched as it went from 6 or 8 a coin to about 18ish before other things occupied my interest. I'm pretty sure I did use it for some sort of transactions though back in the day. If I'm not mistaken, I had to use bitcoin to purchase one of those cartridges for the DS you can load an SD card into and play homebrew games and ROMs from some Japanese website. I remember what drove me to purchase it was that the first leaked build of HeartGold in JP had found its way to the internet, and I had to get all up in that.

One_Boot_5662

Ethereum has grindingly slow development, and has papered over its cracks with centralised L2s. However it's a real project that genuinely wanted to change the world before it got captured by JP Morgan. Solana has fast development but has more issues than a psychologists waiting room. The Devs DGAF if it works or not because it's your money they are playing Russian roulette with. I'm no fan of Ethereum, but if you are serious about crypto it's the clear choice between these two.

ZappaSays

Don't sell. These are the moments that count. Years worth of holding and possibly losing some money in that time will absolutely be negated. Even if you bought in February you would still be in massive profit. The next year will be great. There's financial institutions snorting up bitcoin like Ozzy Osborne was with coke in the 80s. Blackrock sees what it is and is buying as much as possible while simultaneously taking a shit on bitcoin so the price will go down (cheaper bitcoin). That's the game we're playing. Fear uncertainty doubt, we'll buy your bitcoin because you wana sell because it's not making you money. Cash out now and don't lose more! Scare tactics. Blackrock will cause as much pandemonium as possible : self storage is complicated, you'll lose your seed phrase. You'll get scammed. Trust US! WE WILL DEFINITELY INVEST IN BITCOIN AND NOT TRY TO MANIPULATE THE MARKET AT ALL! WE WOULD NEVER! *ALSO GIVE US 2% OF YOUR MONEY... OR Buy real bitcoin. Even if it all goes to zero (doubt it) but if it does you know you have an immutable system free from the grubby theiving hands of JP Morgan. The dollar can be printed and manipulated into derivatives and bullshit S&P and NASDAQ market games. They won't charge exuberant fees or hold your money for 3 days because of crime or whatever. Not to mention only 9 to 5 on not holidays like Christmas or Easter. This is why bitcoin will go up. Because the US Dollar is worth whatever the top dogs say it is. They're already trading oil in not dollars anymore. People aren't doing business with dollars and it all comes flowing back to America eventually but it's worth what? The authority figures sait it's worth x amount but they've printed more and gave it to their friends so they're fine. They can lower the purchasing power of a dollar because the big-wigs got more money... But what about the minimum wage? Ahh well blah blah blah we can't because... Because you're lying. That's the system we live in Long story long. I doubt bitcoin will go to zero ever. It's a currency of a few nations at this point because their dollar has been fucked by the exact same shit we've been doing. We just don't see it in America because *were number 1* (were obviously not). It's slowly catching up. America said the dollar is top but here come the governments of other countries (plural) that have banded together in bitcoin and collectively say no. We will do not trust what you are saying because you're not doing what you say. Bitcoin. You can look up where it goes on the internet. From anywhere. And it has been approved by bitcoin because bitcoin will only work with bitcoin.

series_hybrid

"I've been rich, and I've been poor...rich is better" -JP Morgan

ZappaSays

So it comes crashing down. I've made more than enough profit. The reason I want my money in bitcoin is because I want to keep it as far away from JP Morgan and the theives er uh... "investment specialists"