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RE: Ethereum on MASSIVE bull run upwards, now 1 ETH = $340 USD! SMASHES the 12% mark of 1 Bitcoin. ETH total market cap has mooned to $31.5B vs. BTC at $48.1B !!

in #cryptocurrency8 years ago

The inevitable "flippening" has been under way for some time. There is no way Bitcoin's fees can continually be sustained, not many users are willing to pay such a ridiculous fee. I thought PayPal was high way robbery and here we have Bitcoin.

No matter what solution is proposed for Bitcoin, with its civil war between the developers and the miners, it's a lose-lose for everyone that owns Bitcoin, at least for a short period after the implementation.

A side note, Ethereum will also run into the same struggles as Bitcoin unless they successfully transition to proof of stake.

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Great points..... I have said similar things recently and in the past myself.