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They have been highly correlated, but it’s just the slowest demonetizing shitcoin. ETH has followed in Bitcoin’s footsteps, not the other way around. That is the difference.

Habanero 1y ago

Maybe...

The thought just occurred to me: Does the amount of wrapped BTC on the Ethereum blockchain make Ethereum the first drivechain?

I might have to think more about that. I already think drivechains are pure AIDS, but having a drivechain running on ethereum is like AIDS + cancer.

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Discussion

plebiANON 1y ago

I can’t worry about all this nonsense. Just stack a scarce asset that I control. Left bell curve is the place to be.

Habanero 1y ago

For sure. I just enjoy trying to SWOT (strength, weakness, opportunity, threat) the future of bitcoin. I believe our time is best spent trying to establish the "electro-sat" , baking bitcoin into the power grid.

plebiANON 1y ago

That’s definitely coming.