Post
Topic
Board Speculation (Altcoins)
Re: Can Ethereum Flip Bitcoin in Future?
by
FortuneFollower
on 09/09/2024, 06:19:58 UTC
He sure has faith in ETH. But you and I know that will NEVER happen. Especially when Bitcoin has first-mover advantage. Besides, how can a centralized "shitcoin" replace a decentralized project? Yes, ETH has been compromised ever since it made the switch to PoS. Whales and big exchanges now control it. With the approval of spot ETFs, it's even worse. In the case of Bitcoin, institutional investment firms have been trying to accumulate most of the circulating supply. But they will never be able to influence the future direction of the Blockchain, as consensus lies in the hands of miners and nodes themselves. You can thank classical Nakamoto consensus (aka as PoW) for this.

I believe ETH will stay the second-largest cryptocurrency by market cap for as long as it exists. Why focus on replacing or "flipping" Bitcoin? ETH can become a viable alternative to those who need it the most. It can achieve success as Bitcoin's "sidekick". Hopefully, Ethereum goes back to its roots of decentralization soon. Cheesy

I may agree.
Flipping the BTC, trying to do it or staying a sidekick for it, sorta - all is good as long we have the ability to invest in it and see it evolve for the better.
That's the main thing, in my opinion.
As you said, there is still lots of work to do in that direction.