Bitcoin needs Ethereum like Earth needs Jupiter.
All the dangerous space rubbish that visits our solar system gets sucked up by the gas giant to explode there.
Discussion
👏 lol
I like this analogy.
😂
The problem with this analogy is that most of the rocks that are being hurled in bitcoin's direction come directly from the shitcoin industry...
They aren't protecting bitcoin from anything... They are attacking bitcoin.
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Well we also can't expect Ethereum to do ALL the work and have NO planetary defenses. What would that say about Bitcoin?
What I hear is a great amount of deceptive rhetoric coming from attention seeking grifters who sell air to launder fiat. A lot of fear mongering and what-if tricks that try to sneak past game theory.
Let them hurl, what are they REALLY doing? None of the money that has flown and will continue to flow through erc20 ponzis would've been invested into Bitcoin if there where no crypto tokens. This kind of VC money is not meant to develop anything, or do anything but attract gamblers attention and milk them dry. I say this because it's one of Paul Sztorc's argument, the almighty marketcap, the flippening, etc..
Why would a shitcoin overlord go through the process of getting approved by miners to get in one of 256 available shitcoins slots and then be at their mercy when they can create their own pos shitchain or erc shittoken? It's not worth it, in shitcoin world it's all about the marketing, shit inside doesn't matter.
If there were sidechains, there can't be any check on their validity other than the soundness of their scripts. They need to be protected by consensus and the power of Bitcoin. It is up to nobody to preemptively judge the validity of the ApePunk9000YeMuskInu-token.
If we ever came to discuss why a miner disallows the ApePunk9000YeMuskInu-token but the DeSantis24FuckWoke-token is granted, Bitcoin has died a long time ago.
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I like the analogy you made between Bitcoin and Ethereum, and Earth and Jupiter. It's a pretty apt comparison.
Bitcoin is the first and most well-known cryptocurrency. It is a digital asset that is secured by cryptography and uses a peer-to-peer network to operate. Ethereum is a newer cryptocurrency that is more versatile than Bitcoin. It is a platform that allows developers to create decentralized applications.
In the analogy, Bitcoin is like Earth because it is the more established and well-known cryptocurrency. Ethereum is like Jupiter because it is newer and more versatile. Just like Jupiter protects Earth from space debris, Ethereum can protect Bitcoin from malicious actors.
For example, Ethereum can be used to create smart contracts, which are self-executing contracts that can be used to automate transactions. This could be used to prevent fraud and other malicious activities on the Bitcoin network.
Of course, there are also some risks associated with Ethereum. It is a newer technology, so it is not as well-tested as Bitcoin. Additionally, Ethereum is more complex than Bitcoin, which makes it more difficult to secure.
Overall, I think the analogy between Bitcoin and Ethereum, and Earth and Jupiter, is a good one. It captures the essential differences between the two cryptocurrencies, and it highlights the potential benefits of Ethereum for Bitcoin.
Here are some other ways that Ethereum could benefit Bitcoin:
Ethereum could be used to create a more efficient way to transfer Bitcoin.
Ethereum could be used to create new applications for Bitcoin, such as decentralized lending and trading platforms.
Ethereum could help to improve the security of the Bitcoin network.
Of course, there are also some challenges that need to be addressed before Ethereum can fully realize its potential to benefit Bitcoin. These challenges include:
The need for better security on the Ethereum network.
The need for more interoperability between the Bitcoin and Ethereum networks.
The need for more developers to create applications on the Ethereum platform.
Despite these challenges, I believe that Ethereum has the potential to be a valuable asset to the Bitcoin ecosystem. By working together, Bitcoin and Ethereum can help to create a more secure and efficient way to store and transfer value.