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RE: Bitcoin will fork soon, with significant consequences

in #bitcoin8 years ago

Bitcoin as a store of value won't be dethroned for at least 5 years. ETH still has to prove its PoS transition among other issues. You make some good points, but your predictions are probably very inacurate.

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I came here to say this. I agree that Ethereum is far superior as a technology, but its inflation rate has not yet been decided which makes it an unreliable store of long term value. If the inflation rate can be locked, I think ETH overtaking BTC becomes a certainty.

But thanks for the post, @prohashing. I really enjoy reading these.

I agree with what you stated but we must remember, ETHER was never intended to be a financial commodity like BTC. It was meant simply to pay miners to miner/operate the dapps and contracts.

It is most certainly a speculative asset, but with good reward/risk ratio.