Putting Ethereum in the same bag as the others (in the image) is crazy imo.
Interpole10 on
Well satoshi likely being dead makes it tough for him to sell bitcoin. Who holds on to billions like that without ever liquidating even a small portion.
SnooCalculations1742 on
There is something in it, as Ethereum Foundation performed an IPO, where they sold ETH to people to fund the EF. And the EF has sold a lot of ETH over the years to funds ETH development. Not saying this is wrong, just that it’s not a lie in the post, even though it’s simplified.
But BTC isn’t safe, if Satoshi returned one day, the market could crash if he decided to sell off some of his funds. I believe Satoshi is dead, so they are safe in that regard, but not because Satoshi has burned his btc for example.
bigbrainnowisdom on
Who says satoshi never sell?
We dont know the guy. Yes he never touched genesis block(s).. maybe because he lost the key. Or maybe because he is smart.
But who says he only mine 1 time?
He/she (or most likely a group of people) probably sold some and living with generational wealth as we speak
The_Meme_Economy on
And if he ever did the entire market may collapse 😂
Odd-Radio-8500 on
You asked a genuine question. I’m more interested to see if he’ll respond to you.
^(!tip 1)
Olmops on
Someone please explain how a „currency“ works if no one ever gives it away.
Legitimate-Rip-7479 on
Yeah, Bitcoin maxis can be a bit much sometimes. It’s kind of funny how rigid some of them are about “one coin to rule them all” when the reality is most of us are already using multiple chains and tokens without even thinking twice. ETH has its flaws, but the innovation around DeFi, L2s, and smart contracts speaks for itself.
What’s worked for me is not getting caught in the tribalism and just using whatever tool gets the job done—whether that’s BTC for long-term holding, ETH for DeFi, or something like Solana/Arbitrum for speed. For swapping between them, I’ve found it easiest to use aggregators that handle the messy part of comparing liquidity and bridges for you—Rubic is one I’ve used since it supports a ton of chains in one place.
At the end of the day, it’s less about which “camp” is right and more about making your assets work the way you want. Curious—are you mostly just trading ETH, or do you move around chains a lot?
8 Comments
Putting Ethereum in the same bag as the others (in the image) is crazy imo.
Well satoshi likely being dead makes it tough for him to sell bitcoin. Who holds on to billions like that without ever liquidating even a small portion.
There is something in it, as Ethereum Foundation performed an IPO, where they sold ETH to people to fund the EF. And the EF has sold a lot of ETH over the years to funds ETH development. Not saying this is wrong, just that it’s not a lie in the post, even though it’s simplified.
But BTC isn’t safe, if Satoshi returned one day, the market could crash if he decided to sell off some of his funds. I believe Satoshi is dead, so they are safe in that regard, but not because Satoshi has burned his btc for example.
Who says satoshi never sell?
We dont know the guy. Yes he never touched genesis block(s).. maybe because he lost the key. Or maybe because he is smart.
But who says he only mine 1 time?
He/she (or most likely a group of people) probably sold some and living with generational wealth as we speak
And if he ever did the entire market may collapse 😂
You asked a genuine question. I’m more interested to see if he’ll respond to you.
^(!tip 1)
Someone please explain how a „currency“ works if no one ever gives it away.
Yeah, Bitcoin maxis can be a bit much sometimes. It’s kind of funny how rigid some of them are about “one coin to rule them all” when the reality is most of us are already using multiple chains and tokens without even thinking twice. ETH has its flaws, but the innovation around DeFi, L2s, and smart contracts speaks for itself.
What’s worked for me is not getting caught in the tribalism and just using whatever tool gets the job done—whether that’s BTC for long-term holding, ETH for DeFi, or something like Solana/Arbitrum for speed. For swapping between them, I’ve found it easiest to use aggregators that handle the messy part of comparing liquidity and bridges for you—Rubic is one I’ve used since it supports a ton of chains in one place.
At the end of the day, it’s less about which “camp” is right and more about making your assets work the way you want. Curious—are you mostly just trading ETH, or do you move around chains a lot?