4 years ago every shitcoiner in the world was pushing ETH and this narrative that ETH was going to flip bitcoin. That narrative has since died. The XRP midwits will also be humbled and it will be beautiful. Stay patience, stay humble and stack sats
Discussion
I haven't any ETH or BTC to be clear, but I think Ethereum will flip Bitcoin in marketcap because Ethereum is far more useful than Bitcoin, you can do Defi on it, it's a big thing, well maybe Ethereum is not the good one, maybe not alone, but the Defi will surely flip Bitcoin, example on tradefi, Gold marketcap is around 18 Trillions, and the top 10 companies is valued already more. I don't think it's a shitcoin thing to say something like that, there is arguments. But Gold is Gold, stocks are stocks, so Bitcoin and Ethereum are different, at the end is it really comparable ?
Most examples of “defi” that I’ve seen are complete rug pulls on a long enough time frame. They might seem awesome to you until they aren’t and doesn’t hold value over the long term. I’m not new to this shit I know bitcoin is the only thing worth holding through trial and error over years of research. Shitcoins and bitcoin are in two different categories is my point, and ETH is definitely one of them. 70% premine, total centralized garbage. ETHs long awaited “merge” to proof of stake essentially made the largest holders the ones who make the rules. It’s just the same system we have now if not worse.
I pretty agree, Eth 70% premined is a scam, and POS is leading to centralization, but halving is leading to centralization too and L2 is something like a POS because of the LN architecture working fine via big hub collecting fees without mining at all. The worse of that is the bigger their btc stack engaged in LN the bigger their channel will be used to route payment and so earning more fees, repeat that amplified over time, not so great at the end...
Mentioning one L2 and emphasizing a down side is definitely not the same as going proof of stake by nice try
There’s at least 3 L2s all with different downsides that I’m aware of. Pretty sure you need like 20 ETH to run a ETH node, can you tell me how much bitcoin you need to run a lightning node? The answer is as small as the party you’re opening a channel to is willing to accept. While yes payments go through major LN nodes they don’t have the ability to censor transactions or change anything about the protocol.