Quote from: Metroid on August 29, 2022, 09:07:09 PM

Quote from: sp_ on August 29, 2022, 12:11:15 PM

Quote from: CryptoATM on August 29, 2022, 11:44:07 AM

no smart contracts are running on ETC.

No Smart contracts are running on the Bitcoin chain either, but still 2-3 times more valuable than Ethereum.

Based on the stake itself, eth devs always believed btc to be 33 times more valuable than eth, as per the stake the 32 eth was chosen based to be worth 1 btc. So in that sense as this is still pre bear market eth has to crash a lot more and that is what I believe, there is still too much hype on eth yet because of the eth 2.0 but as soon as that fades away then we will see the real price of eth, I would not be surprised if eth crashes below 0.03 btc and goes below 0.016 btc like we have seen on the 2018 crash. This eth move to pos could be the death of eth itself, never go full retard and invest all in it, need to apply caution here.

Didn't realise that was the reason, was always curious why "32". Always assumed it had something to do with those games that the ETH devs were playing, since many of the ETH forks are named after some game levels.

Either way, I remember back in 2015-2016 when ETH was not doing so well. Many of the ETH devs were selling their ETH and buying BTC and the foundation itself I think held a large portion of BTC.

This is proof that, BTC is still king.