In the long-term what should the BTC:ETH ratio be?
In the long-term what should the BTC:ETH ratio be?
Landon Lewis
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Connor Parker
1:0
Ryan Perez
1:0
Jayden Morales
it's weird because a lot of the reasoning for btc being top marketcap is circular, if eth can actually flip it there's very little reason for btc having it's value
eth already makes miners more money with less hashpower
eth handles as much transactional value even though it's valued at 1/4 of btc
Aaron Carter
checked
Kek wills it. Let this be the truth.
Nathan Stewart
0.1-1.9
Dominic Lee
1:1000
Justin Wright
The only thing that matters is state resistance, otherwise just use the state money. Its much easier to shut down ethereum by taking out infura. Once they migrate to PoS the overwhelming majority of network validators will be regulated exchanges and they'll just sit on eth making money forever without needing to do anything. Government regulated validators basically render the entire coin useless
While PoW has its own problems, at least it requires constant investment in bitcoin infrastructure in order to stay relevant, and miners can mine anonymously which reduces ability for governments to pressure them.
Xavier Anderson
the value of whats transferred in the network is inflated by pump and dump erc-20 tokens and scams that don't have the liquidity or volume to support their values. most of the erc-20s of 2017 have little to zero value today. most of the erc-20s of today will be dead in 18 months.
Lincoln Perez
i dont think eth will flip btc (at least not for 5+ years) just because ethereum as a brand is literally unknown to normies.
they at least "know" about bitcoin
can see eth hit 0.05-0.08 maybe by 2021 tho
Aiden Murphy
how much of the hashpower do the top 5 mining pools have for btc?
how much are they centralized in china where the government can do whatever they want
except eth actually creates erc 20s, what other than btc runs on btc
only decent response, but I still think eth will go over .1 earlier than that
Luis Taylor
1 BTC = 32 eth anything more than that is eth being overrated.
ETH has way more inflation than btc.
Samuel Murphy
0.01 then spike to 0.1
Elijah Bell
>ETH has way more inflation than btc.
btc has an inflation rate of over 3%
what is the inflation rate of eth?
eth has already shown miners that more can be paid in fees for network usage than actual mining
Caleb Bell
eth around 3-4% yearly inflation right now iirc
but obviously if/when EIP-1599 goes in or after eth 2 replaces mining, alot will change.
Sebastian Sanchez
1559*
Jaxon Hughes
so they are at a similar state of inflation
big question for btc is how much btc issuances guarantees it's price vs network security
will btc double every time the issuance halves?
Gabriel Torres
20% btc
80% eth
for high IQ gains
Connor Murphy
1:0.1
Luis Lewis
This. Ethereum full nodes are so huge no one really runs archival nodes. That's fine for most uses, but for long term resiliance it's shit compared to BTC. Don't get me wrong I still love eth though.
BTC has multiple nodes in space for gods sake.
Brody Nguyen
The difference is that hash power does not perform the validation of the network. Hash is coming to the US anyway and is spreading out globally as more companies enter the ASIC game. Ethereum is setting itself up to be completely controlled by regulated exchanges who will custody the vast majority of the coins
Jordan Collins
80:20
ETH is like fuel, you don’t hoard petrol
Caleb Bell
1:1
Aaron Hill
This answer depends on risk tolerance and how wealthy you already are.
Higher returns generally come with higher units of risk. Best to decide what makes sense for your own individual portfolio rather than arbitrary ratios from anonymous shills.
Leo Carter
>Hash is coming to the US anyway
proof? btc can get free electricity in china, doubtful about that in america
>Ethereum is setting itself up to be completely controlled by regulated exchanges who will custody the vast majority of the coins
I'd honestly rather have the coinbases of the world control crypto than the hashpool managers
weibo 'if you want fuck, fuck your mother' is less trustworthy than bryan armstrong
name a succesfull investor that hoards gold
>[gold] gets dug out of the ground in Africa… Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.
Ethan Davis
Plus when you keep the blocks reasonably small you can link mesh networking into those satellite nodes to completely remove internet from the equation. Radio transmission is also possible. Ethereum can barely run over TOR for fucksake because its too big already and getting worse
Jayden Clark
>Radio transmission is also possible
and how many transactions per second is possible then? the block time would remain constant?
Andrew Fisher
The TPS of the network remains constant regardless of how the node is connected. Of course it may be a bit slower in receiving the latest blocks though for that individual node.
Ian Jones
Great American Mining is starting to deploy in the US to move btc with waste gas on oil fields. There are multiple other companies growing along the same lines, and ASIC manufacturing is also getting competition.
Also who cares about Jihan? He got blown the fuck out mining a shitfork and is losing relevance day by day. This is actually proof that bitcoin can oust bad actors, not so sure what will happen when you migrate to proof of stake and let Brian Armstrong control your network as a proxy for the us government
Thomas Evans
TPS is not the end goal, it never was. TPS is trivial, to get it all you need to do is sacrifice a little bit of trust. This is ultimately what every "scaling" solution out there pretends that it doesn't do.
Sharding is just sacrificing some trust by splitting validation out into 1024 mini blockchains, you won't validate vast parts of the network. This achieves higher TPS but they gloss over what is actually being sacrificed by hiding it in buzzwords and calling it "tech"
In bitcoin the community realizes there are trust tradeoffs to every scaling solution, so instead you choose how much trust you are willing to sacrifice for yourself, but the base consensus layer itself should never be compromised
Jose Thomas
>not so sure what will happen when you migrate to proof of stake and let Brian Armstrong control your network as a proxy for the us government
I'll admit I'm 100% ethereum, I honestly don't understand your use case of bitcoin
if you want true removal of government wouldn't you rather use monero?
there's a couple of governments that could brute force any crypto, including btc?
I actually see the mass adoption of ethereum by business and government as good, because a network benefits from more users, maybe it's harder for me to avoid taxes on my gains, but if I have more gains I'm ok with that
stuff like this
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get in crypto at the startup stage in 2016, and then see mass adoption
Jayden Walker
based user spreading the good word. don’t be a stupid donk and stack btc before you get priced out frens.