Not to bash ETH and correct me if I am wrong, but IMO this ETH/BTC chart is remarkable and has important insights:
- ETH has done worse than bitcoin over last 10 years!! Still at 0.026 BTC, like March 2016.
- No ETH bull market pump in 2023/2024, like it did in 2017 and 2021...
Please remind me how crypto is helping sieged economies like Cuba when the big thug decides anyone can’t transact with them.
Latest comment on the topic that’s not mine dates from a lustrum ago by a dead man (McAffee).
I see a lot of doomposting about Bitcoin and crypto because crypto is somehow not the favourite toy of the market at the moment (AI stonks are).
I want to remind that crypto is not a toy, and it's serving its true purpose - self-sovereignty of every user, financial rails which are always on and do not stop working. Institutions are also into adopting something which has no clunky intermediaries now, so fundamentally we are better than ever.
AI is foundational, but it will go through its own valley of death: replacing humans by AI would put AI outputs into AI inputs, quality will degrade, and costs will grow exponentially to maintain it. Large companies who push AI everywhere aren't necessarily using it correctly, so they report some overly large expenses.
Both technologies - crypto and AI - are foundational. They are not the same thing though, and they are not competing with each other in principle.
Crypto is the future of Finance!
Outrageous neocolonial impositions. Since January, Venezuelan export revenues get deposited in a US Treasury account, and then US officials decide when and how much of it to return to Caracas.
Learn more with our interactive infographic: https://t.co/05bCBgQifz