You are viewing a single comment's thread from:
RE: Ethereum Delirium: The Big List of Things You Should Know
Yeah, compared to Ethereum, Bitcoin got too many flaws. Bitcoin was an outstanding invention back in 2010 but everything has it's limit and you have to always be willing to step ahead to bew horizons. Price inevitably gonna grow because people mine this coin and the reserve of them ain't over yet. IMHO, it's too late to invest if you ain't a millionaire already and you can bust $20000-30000, it's a way better decision to mine them.
I don't think you can really compare ETH and BTC. They're more Apples to Oranges. BTC is a currency and built to be that. Simpler code behind it to keep it as a store of value. ETH is a platform built to do so much more, but it also means it can have many more flaws to. If you're just looking at price, it's too early to tell what will scale faster.
As for being too late to get in? I totally disagree. We're just 9 years into the space, into the genesis of something so new. We're at the launching pad to a rocket ship that's just taking off. So right now is really the best time to get on board if you believe in the space and can see the multiplier effect come into play as the space grows over the coming years from $100B to Trillions.
Blank.
I absolutely agree there. These are seriously early days. This transition process can be compared to the early days of the dotcom boom, or even further back if you want to think about just currency, it's akin to when people moved from the barter system to using actual coins to represent a store of value that could be traded. Why?
Today we, in a sense, barter between currencies. If I want to buy a gigantic Mech from Japan and I live in the U.S. I have to first BUY Japanese Yen with USD. And only then can I purchase that awesome, futuristic mech from Japan :) That process Costs me (1) Time to find the best price for Yen or (2) Money if I'm in a rush to purchase since I will be buying Yen at market rates. Once that process is over and I have my Yen then I can buy the mech. This is inefficiency in our system.
And that is where cryptocurrency just disrupts everything! With cryptocurrency I can buy that Mech no matter where I am in the world, quickly and efficiently without any real added costs IF we are all on the same currency system of Bitcoin, Dash, or what have you. It flattens the world even further and makes us closer to being ONE community.
Ironically currency is what may actually bring us closer together, forcing government bodies to rethink boundaries because we, the people, are forcing ourselves to have closer ties. It's pretty exciting what this space means