Bitcoin Vs Ethereum 2.0 Comparison
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Hey mates! Please be sure to advise which of these products you think will have the most alpha. If shared, please advise the timeframe you are thinking! (1year? 10years?)
It is the clash of the titans, and my last article that provided the hard #'s got a great deal of positive traction in the comments, but I did get some DM hate from some Bitcoin maxi's. Please let me know what you think I am missing in my comparison so the whole TradingView community can learn from your wealthy of knowledge.
Emotions aside, and Maxi agenda's muted - lets get logical.
Bitcoin:
#1 Myth Bitcoin is protection against inflation
-->Worse inflation in decades & the price crashes
#2 Myth A supply cap in Bitcoin makes it scarce
--> **Bitcoin is itself inflationary for another 100 years**
#3 Myth Bitcoin is a store of wealth
--> Newly minted Bitcoins are continually sold to cover operating costs while going directly against ESG Goals (Constant Selling Pressure)
#4 Myth Bitcoin is safe
-->For $13 Billion Dollars a state sponsor can launch a 51% attack against it.
-->(A single aircraft carrier cost less than that)
-->A Quantum computer can hack any BTC wallet
**To fix Bitcoin (POS) it would take years & create yet another fork destroying its value**
A fork would have to be made, because the miners make a lot of money (Cost about 7k per token mined) dumping the coins onto the maxis. This is a constant selling pressure that prevents it from ever being a true store of value. The tokenomics are not entirely broken(unless you can not forgive all the coal burned in North Korea & China to mine BTC), but it is not going to be the best performer of all.
Ethereum:
#1 Benefit: (post-merge) Ethereum is POS
-->Staking encourages long-term passive yield (hodling for yield)
-->ESG Friendly, 99.5% more efficient than Bitcoin
#2 Benefit: Ethereum is deflationary
-->Every block will burn ETH, and rewards are slashed by 90%
-->Every Dex swap, NFT mint, transaction will lead to ever more scarcity
-->For the next 100 Years BTC will inflate supply while ETH deflates supply
-->Deflationary prices rise in BP*, Inflationary prices drop in BP
#3 Benefit: Ethereum is only improving while Bitcoin development continues to be stale
-->Eth has 220 core developers
-->Btc has 103 core developers
-->Thousands of additional projects are being built on-top of ETH (the next APPL/AMZN)
-->Transaction speeds and cost will improve with 'sharding'
#4 Benefit: It is MUCH safer than BTC
-->Slashing prevents validators from acting malicious
-->BTC is susceptible to 51% attacks
*buying power
SO WHAT DOES THIS MEAN TO ME?
Please let me know what you think brother!
Interested in Learning More? Click on the chart below for an in-depth comparison:
It is the clash of the titans, and my last article that provided the hard #'s got a great deal of positive traction in the comments, but I did get some DM hate from some Bitcoin maxi's. Please let me know what you think I am missing in my comparison so the whole TradingView community can learn from your wealthy of knowledge.
Emotions aside, and Maxi agenda's muted - lets get logical.
Bitcoin:
#1 Myth Bitcoin is protection against inflation
-->Worse inflation in decades & the price crashes
#2 Myth A supply cap in Bitcoin makes it scarce
--> **Bitcoin is itself inflationary for another 100 years**
#3 Myth Bitcoin is a store of wealth
--> Newly minted Bitcoins are continually sold to cover operating costs while going directly against ESG Goals (Constant Selling Pressure)
#4 Myth Bitcoin is safe
-->For $13 Billion Dollars a state sponsor can launch a 51% attack against it.
-->(A single aircraft carrier cost less than that)
-->A Quantum computer can hack any BTC wallet
**To fix Bitcoin (POS) it would take years & create yet another fork destroying its value**
A fork would have to be made, because the miners make a lot of money (Cost about 7k per token mined) dumping the coins onto the maxis. This is a constant selling pressure that prevents it from ever being a true store of value. The tokenomics are not entirely broken(unless you can not forgive all the coal burned in North Korea & China to mine BTC), but it is not going to be the best performer of all.
Ethereum:
#1 Benefit: (post-merge) Ethereum is POS
-->Staking encourages long-term passive yield (hodling for yield)
-->ESG Friendly, 99.5% more efficient than Bitcoin
#2 Benefit: Ethereum is deflationary
-->Every block will burn ETH, and rewards are slashed by 90%
-->Every Dex swap, NFT mint, transaction will lead to ever more scarcity
-->For the next 100 Years BTC will inflate supply while ETH deflates supply
-->Deflationary prices rise in BP*, Inflationary prices drop in BP
#3 Benefit: Ethereum is only improving while Bitcoin development continues to be stale
-->Eth has 220 core developers
-->Btc has 103 core developers
-->Thousands of additional projects are being built on-top of ETH (the next APPL/AMZN)
-->Transaction speeds and cost will improve with 'sharding'
#4 Benefit: It is MUCH safer than BTC
-->Slashing prevents validators from acting malicious
-->BTC is susceptible to 51% attacks
*buying power
SO WHAT DOES THIS MEAN TO ME?
- I was screaming "back up the truck" when ETH dipped below
1K to long (I put 100% of my 401k into the product at that point, coupled with all my spot holdings being ETH) - Many ask if they missed the long? - I say this is only the genesis to generational wealth
- I recommend joining me in being a validator. Get some passive yield in the most safe deflationary asset in crypto. Eth will fundamentally reward being a long-term investor which will be very attractive to institutions. This, coupled with ESG benefits and the fact ETH has actual utility will make this a product that a decade from now will be in many 401k products, for auto-biweekly deposits.
- The miners have an agenda, when you hear 'oh its sooo green, volcano's power it' just know that a guy in Sweden handcranking a windmill to mine is hardly the norm. Coal burners powered it for years, and will continue to do so, and there is no amount of code that can fix this waste. Just because 20% is nuclear powered, does not mean that power could have been used elsewhere to drive down energy cost for others. People in Europe and France right now are about to get their largest energy bill in history this winter. Bitcoin POW is essentially broken long term, as they can not fix it to POS as it will hardfork again because the miners make a fortune dumping the newly minted (inflation) coins on new entrants creating a constant selling pressure. Bitcoin is a granddaddy relic. The myspace/AOL of crypto.
Please let me know what you think brother!
- I am not a bitcoin hater, the price may rise, but I think the alpha is in ETH.
- Bitcoin has been a huge blessing to me, but the people that purchased coins at 60k are not vibing with 'store-of-value' right now. The product is only worth what it is denominated in Fiat USD.
- Why do people hate fiat? Inflation.
- What is Bitcoin fundamentally for another 100 years? Supply Inflation
- "But Zen! Your wrong! Because we know the max supply of coins the new minted coins are all priced in!!" - if this were the case the price would not be wildly volatile. Another Myth from the Peter Schiff of Bitcoin - that salesman
- Michael Saylor. ..or as he says 'missionary'.
- It really has 'cult-like' vibes hearing that, be a critical thinker and consider generational wealth in ETH.
Interested in Learning More? Click on the chart below for an in-depth comparison:
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Massive outperformance relative to bitcoin
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