RE: BTC - Miners Capitulating?
better tech basically ever since it was created 10 years ago
It was never about better tech for me. It was about the transformative potential. None of those that directly compete with Bitcoin like Litecoin, XRP, Monero have a better chance to be massively adopted.
We reached a point when bitcoin is actually detrimental to the ecosystem. It brought on stagnation.
I actually do think a non-correlated, non-sovereign, immutable store of value that transcends borders has tremendous value in a well diversified portfolio. In fact that is my entire investing thesis. :)
I think Bitcoin is the farthest from it. A volatile asset like bitcoin is in no way a good store of value. It wasnt even created with that in mind. It was created as simply a p2p currency and it sucks as that as well.
While i dont have nearly the same negative opinion of ETH as i do of Bitcoin i dont think ETH has the fundamentals to take us into Web 3.0. Its too slow, annoying, the user experience is terrible, its bloated. But things are built on it so it has some potential..
My best bet is Steem. And im being honest here regardless of what the crypto pundits will say. Im not bullish on Steem in terms of price, im bullish on it due to its unlimited transformative potential.
Not a single crypto out there can do what Steem can nor achieve what Steem can. Its not even close.
If steem dies for any reason, crypto for me will become a garbage dump for gambling addicts with a lot of money to play in, when clearly project potential means little.
You are talking about things in absolutes as they are right now, though they won't always be that way. Gold, for example, was extremely volatile for a period of time as well when it first became widely traded by retail and Ethereum doesn't work for Web 3.0 right now, but they are working on that. The only constant is change. :)