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23485800 No.23485800 [Reply] [Original]

In the long-term what should the BTC:ETH ratio be?

>> No.23485831

>>23485800
1:0

>> No.23485888

>>23485800
1:0

>> No.23485896
File: 46 KB, 1200x628, settlement.png [View same] [iqdb] [saucenao] [google]
23485896

it's weird because a lot of the reasoning for btc being top marketcap is circular, if eth can actually flip it there's very little reason for btc having it's value
eth already makes miners more money with less hashpower
eth handles as much transactional value even though it's valued at 1/4 of btc

>> No.23485902

>>23485888
checked
Kek wills it. Let this be the truth.

>> No.23485928

0.1-1.9

>> No.23485984

>>23485800
1:1000

>> No.23485997

>>23485896
The only thing that matters is state resistance, otherwise just use the state money. Its much easier to shut down ethereum by taking out infura. Once they migrate to PoS the overwhelming majority of network validators will be regulated exchanges and they'll just sit on eth making money forever without needing to do anything. Government regulated validators basically render the entire coin useless
While PoW has its own problems, at least it requires constant investment in bitcoin infrastructure in order to stay relevant, and miners can mine anonymously which reduces ability for governments to pressure them.

>> No.23486013

>>23485896
the value of whats transferred in the network is inflated by pump and dump erc-20 tokens and scams that don't have the liquidity or volume to support their values. most of the erc-20s of 2017 have little to zero value today. most of the erc-20s of today will be dead in 18 months.

>> No.23486022

>>23485896
i dont think eth will flip btc (at least not for 5+ years) just because ethereum as a brand is literally unknown to normies.

they at least "know" about bitcoin

can see eth hit 0.05-0.08 maybe by 2021 tho

>> No.23486090

>>23485997
how much of the hashpower do the top 5 mining pools have for btc?
how much are they centralized in china where the government can do whatever they want
>>23486013
except eth actually creates erc 20s, what other than btc runs on btc
>>23486022
only decent response, but I still think eth will go over .1 earlier than that

>> No.23486125

>>23485800
1 BTC = 32 eth anything more than that is eth being overrated.

ETH has way more inflation than btc.

>> No.23486150

>>23485800
0.01 then spike to 0.1

>> No.23486199

>>23486125
>ETH has way more inflation than btc.
btc has an inflation rate of over 3%
what is the inflation rate of eth?
eth has already shown miners that more can be paid in fees for network usage than actual mining

>> No.23486254

>>23486199
eth around 3-4% yearly inflation right now iirc

but obviously if/when EIP-1599 goes in or after eth 2 replaces mining, alot will change.

>> No.23486270

>>23486254
1559*

>> No.23486446

>>23486254
so they are at a similar state of inflation
big question for btc is how much btc issuances guarantees it's price vs network security
will btc double every time the issuance halves?

>> No.23486638

20% btc
80% eth

for high IQ gains

>> No.23486686

>>23485800
1:0.1

>> No.23486713

>>23485997
This. Ethereum full nodes are so huge no one really runs archival nodes. That's fine for most uses, but for long term resiliance it's shit compared to BTC. Don't get me wrong I still love eth though.

BTC has multiple nodes in space for gods sake.

>> No.23486736

>>23486090
The difference is that hash power does not perform the validation of the network. Hash is coming to the US anyway and is spreading out globally as more companies enter the ASIC game. Ethereum is setting itself up to be completely controlled by regulated exchanges who will custody the vast majority of the coins

>> No.23486753

>>23485800
80:20
ETH is like fuel, you don’t hoard petrol

>> No.23486770

>>23485800
1:1

>> No.23486796

This answer depends on risk tolerance and how wealthy you already are.

Higher returns generally come with higher units of risk. Best to decide what makes sense for your own individual portfolio rather than arbitrary ratios from anonymous shills.

>> No.23486840

>>23486736
>Hash is coming to the US anyway
proof? btc can get free electricity in china, doubtful about that in america
>>23486736
>Ethereum is setting itself up to be completely controlled by regulated exchanges who will custody the vast majority of the coins
I'd honestly rather have the coinbases of the world control crypto than the hashpool managers
weibo 'if you want fuck, fuck your mother' is less trustworthy than bryan armstrong
>>23486753
name a succesfull investor that hoards gold
>[gold] gets dug out of the ground in Africa… Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.

>> No.23486844

>>23486713
Plus when you keep the blocks reasonably small you can link mesh networking into those satellite nodes to completely remove internet from the equation. Radio transmission is also possible. Ethereum can barely run over TOR for fucksake because its too big already and getting worse

>> No.23486904

>>23486844
>Radio transmission is also possible
and how many transactions per second is possible then? the block time would remain constant?

>> No.23486960

>>23486904
The TPS of the network remains constant regardless of how the node is connected. Of course it may be a bit slower in receiving the latest blocks though for that individual node.

>> No.23486972

>>23486840
Great American Mining is starting to deploy in the US to move btc with waste gas on oil fields. There are multiple other companies growing along the same lines, and ASIC manufacturing is also getting competition.
Also who cares about Jihan? He got blown the fuck out mining a shitfork and is losing relevance day by day. This is actually proof that bitcoin can oust bad actors, not so sure what will happen when you migrate to proof of stake and let Brian Armstrong control your network as a proxy for the us government

>> No.23487089

>>23486904
TPS is not the end goal, it never was. TPS is trivial, to get it all you need to do is sacrifice a little bit of trust. This is ultimately what every "scaling" solution out there pretends that it doesn't do.
Sharding is just sacrificing some trust by splitting validation out into 1024 mini blockchains, you won't validate vast parts of the network. This achieves higher TPS but they gloss over what is actually being sacrificed by hiding it in buzzwords and calling it "tech"
In bitcoin the community realizes there are trust tradeoffs to every scaling solution, so instead you choose how much trust you are willing to sacrifice for yourself, but the base consensus layer itself should never be compromised

>> No.23487131

>>23486972
>not so sure what will happen when you migrate to proof of stake and let Brian Armstrong control your network as a proxy for the us government
I'll admit I'm 100% ethereum, I honestly don't understand your use case of bitcoin
if you want true removal of government wouldn't you rather use monero?
there's a couple of governments that could brute force any crypto, including btc?

I actually see the mass adoption of ethereum by business and government as good, because a network benefits from more users, maybe it's harder for me to avoid taxes on my gains, but if I have more gains I'm ok with that
stuff like this
https://twitter.com/CoinDesk/status/1316506694839685125
get in crypto at the startup stage in 2016, and then see mass adoption

>> No.23487194

>>23487089
based anon spreading the good word. don’t be a stupid donk and stack btc before you get priced out frens.

>> No.23487302

>>23487131
I do think monero has real utility, its not a shitcoin, however I think in the long term it will bleed sats. I believe you should hold your wealth in bitcoin and if you need some feature of another chain then just trade at that point.
That being said there is really cool stuff on the horizon for bitcoin privacy techniques which I think will make it good enough for majority of private use cases. Keep in mind that bitcoin privacy is so bad only because exchanges control all the on ramps, in a circular bitcoin economy this isn't so bad. Ethereum will actually end up empowering exchanges with staking, and at this point its clear that exchanges are just a rent seeking enemy of crypto. Remember the original mission, we are trying to take money from the hands of governments here

>> No.23487330

>>23485800
>ETH 2.0 pushed back to november
>yeah, i didn't say november

>> No.23487439
File: 58 KB, 640x447, Diffusionofideas.png [View same] [iqdb] [saucenao] [google]
23487439

>>23487302
>Remember the original mission, we are trying to take money from the hands of governments here
ok, this is where we disagree
how long have you been into crypto? I'm guessing a long time, I understand there's been people like nick szabo and vinjay gupta, the cypher punk idea has been around since the 90s at least
I first heard of btc when it was around $10, I thought it was dumb, I was mad at myself when it hit $1000 because of my lost potential gain, I wasn't mad at myself for not participating in it
when I heard about eth and saw it's legitimacy I bought in around $10
I'm here for money, this is /biz/, not /pol/ or /k/, I don't see myself as bigger than the government, I'm just a bootlicker trying to better myself financially, and I see eth as the best way to do that

I'm not going to change your opinion, nor you are mine, we disagree, good luck fighting your fight, I'm doing ok in mine

maybe your the .1% of adopters, I'm maybe in the 2%, still early but I'm here for money, not ideals

>> No.23487636

>>23487439
Sign of a growing space. Diversity of thought and what not. Either way ethereum succeeding helps bitcoin long term too in my opinion.

I don't see why everyone's so all or nothing about these projects. I wouldn't go all in on amazon stock just because it outperformed other stocks. Not sure why crypto tends so much towards that mentality.

>> No.23487688

>>23485896
ETH cannot flip BTC

>> No.23487889

>>23487636
think it's the idea of a growing concern, companies have actual assets for sale even in sake of a bankruptcy, when the dao happened how much did eth lose, through no fault of the ethereum foundation? want to say it went from 20 to 7

you either think a crypto has 100% strength, or you think it's flawed, this isn't a regulated market, you really need to believe in something to be willing to hold it overnight

my goal for eth isn't removal of government, it's to settle 100 trillion in transactions and be worth 1-2 trillion, if it took 4 years to go from 7 billion to 1 trillion, maybe it will take 8, but I hope for it to happen faster
>>23487688
and in the 90s apple couldn't flip microsoft

>> No.23488148

>>23487889
I guess I get that logic and I suppose I have more faith in the long term viability of the entire crypto space than you do. It's all good.

>> No.23488168

Eth is a volatile network and EVERYONE wants an eth killer. BTC + LINK is a better combo.

>> No.23488189

>>23487889
Eth will be an outdated blockchain fumbling to roll out eth 2.0 in 4 years.