Topic: After years in this space...I am now a BTC/ETH maximalist (Both are important) - page 4. (Read 1256 times)

You've chosen the two biggest coins in the crypto space. I would not disagree about your point. Seeing how far bitcoin is developing right now, it does makes sense. I never saw how altcoins season were acted last 2017 but I can see how some altcoins like Ethereum, BNB and other who has really giving an important use to the crypto community.

Being btc and eth maximalist is good as long as you also do not forget that other altcoins have also value not only when it comes to buying or getting profits but also with it's particular use.

Is this the same ETH that was brought to its knees by volume from Crypto Kitties and fueled all those ICO scams that defrauded investors? And of course honorable mention to the designer deciding to roll back the block chain after a fraudulent transaction. Ouch. Had promise, but at this point I'll take a hard pass on it and stick with BTC. Ethereum, like essentially every other Alt coin that isn't a dollar peg, is going nowhere.

in terms of scaling, it's not particularly elegant. i'm actually a big fan of a lot of ethereum's functionality but it's total bloatware. if sharding were viable from a decentralization standpoint and implemented from the get-go in 2015, i might have a different view, but the difficulty in running an ethereum node (even today) seems like an extremely big problem.

Why? Almost all of them have achieved precisely fuck all and never will. That's not to say some of them won't some day rise enormously again but as actual propositions none of them have convinced anyone of a future beyond sitting on an exchange waiting for the occasional pump.

As for ETH, I think it's a guaranteed candidate for replacement by something that simply works in a way ETH never will. That's conditional on utility overtaking speculation which could be a very long way away.

Bitcoin yes, ETH no.


If you look critically at ETH, you cant help but wonder what the big deal is.
1. Its a pre-mine coin - Remember when that was a bad thing? When did that become acceptable to pre-mine a coin, that is what we used to call a scam coin. (12 million ETH were set aside for the developers, and 60 million ETH were premined for ICO participants to buy. There is 109mil ETH in circulation, so 72 million at launch is insane.)
2. Immutability / Decentralization - It is not right for one person to have so much control that they can decide to 'fix' a problem like a DAO hack with a rollback. If Vitalik says something, or something happens to him, it affects ETH and its price. You cannot argue that. Even a dumb tweet by him can affect the price.
3. Smart contracts - Bitcoin is doing more smart contracts than Ethereum with lightning network. If you look at the amount of smart contracts on Ethereum and how they are being used, its a joke. The only real use cases that have much traction seem to be gambling websites and ponzi schemes.
4. ICOs - In my opinion this is the killer app of Ethereum, but now, there are a host of other crypto currencies that can do these just as well, for cheaper.
5. Unlimited supply - Since there is no cap on the amount, it will never be scarce and will always inflate. Good luck if you ever try to change that.

You are probably the first one I've seen who claims to be maximalist of both coins.

I understand your high interest in Defi though. Creating a decentralized finance is pretty ambitious and it's definitely a lot of work.
 
Ethereum is too fast, reliable, cheap? If you say those features on Eth, I don't know how you will describe transactions with Xrp, Doge, Ltc, Bnb.

right, the potential for an idea like Ethereum was massive. Something designed for abstract tokens really should have got more attention from people using it as a marketplace for contracts, but Ethereum wasn't quite designed that way. I think that application can be made, but as a platform riding on top of Ethereum.



yeah, all that potential, and the developers squandered it. To be fair, they were using a badly thought through design from day 1 anyway. I don't understand this whole hero-worship that got attached to Buterin's reputation, the amount of times the design was fundamentally changed (i.e. hard forked) in pretty significant ways only demonstrates that he was refining an unfinished train of thought for the first, pffff, 2-3 years of the platform's existence.

I agree to the thread stater. I personally prefer Ethereum blockchain to use because its too fast, transaction is done in no time. I like to hold ETH as there is lot of space for its growth. Although Bitcoin is still the king but importance of ETH blockchain cannot be ignored in cryptospace. Most of new projects are being launched on ERC20 network only. ETH is reliable cheap and fast. I think current ETH level is cheaper to buy at.

I only see Bitcoin as worthy among the cryptocurrencies.  Most of them are just a copy cat or a scheme to take money from the unwary investors.  I do not hate ETH or any other altcoins, its that, I  look at them as pump and dump scheme.  


If you really wanted to save from tx fee why not use cheaper altcoins such as Doge or XRP.  I believe you can save more from these two cheaper altcoins.

ETH is interesting, about the only major problem I have with it, is that I have tried running a full node before and couldn't get it to sync. I'm not sure if I try again if it could be done, maybe I need a computer with better specs, more space, more ram.

I wouldn't call myself a ETH maximalist, but I have ETH holdings, not that big but enough to make money if it go on another 4 digit run like in 2018.

But it's very obvious that majority here are Bitcoin maximalist, been in the space for 2 years and I would say that investors/speculators/traders are really into bitcoin. Just look at the hate BCH and BSV gets from this community  .

I most certainly consider myself one, as I think that Bitcoin was/is the first generation of cryptocurrency and blockchain technology. Ethereum is Bitcoin 2.0 or better said, the second generation of cryptocurrency and Blockchain technology.
  The third generation of Blockchain technology is EOS, another important coin that changed the industry once again.

I like ether too. In my opinion it's the most promising cryptocurrency after bitcoin which is probably why it's ranked second.
Ethereum is a good platform and has many technical aspects like smart contracts, dapps etc.. which grabs attention of many investors.
It has active developments taking place which grabs the attention of developers. It's creator is a well known genius.
It has more reasons to succeed than any other 'altcoin'.

P.S: Bitcoin is love though 

Not so far as maximalist in Ethereum but with Bitcoin I will do.

Yes, I also use Ethereum to save money. I don't want wasting too much bitcoin just for transaction fee. I want to keep more of it.
That is why when it comes to making transaction with other people I always use Ethereum to be sent to them.
Well, when it comes to value it also went too far from what it had which is $1000. I do understand though what really happened. Add the statement of Vitalik that it will never be seen again made the value worse.

I guess I have the same idea as you but not just that deep.

I agree that only Bitcoin and Ethereum have the greatest value. I also love both coins equally strongly. I’m upset by the fact that Ethereum has stopped developing as much as before, I think Vitalik Buterin is obliged to do something with this

In terms of scalability, Ethereum does win over Bitcoin. And I also do agree that in practical financial uses, Ethereum proves to be more useful than Bitcoin. As of now, I only see Bitcoin as speculative asset for traders to play with, and only a few establishments and enterprises support using it for payments. This is because of its scalability problems and government oppression. Stablecoins does also prove something but has problems in terms of centralization.

I love BTC more than ETH. I noticed few movements of BTC and ETH.And I figured out that btc is the right choice for me.ETH movement slower than BTC.You are in crypto from 2014 and it will be good if you check the past history.BTC price was 1.6k$ and that time ETH was 0.06 BTC.and now check the btc pairs it's 0.02BTC.And I think BNB is better than ETH chain.Also I hope that one day BNB will Competitors with ETH. 

After a decade of Bitcoin's existence do we really have to talk about this again?

That's the point. There is no OFFICIAL roadmap and promises(how can an asset make a promise??), because it's decentralized in contrast to Ethereum which pretty much has an active leader. Though most developers are working on scaling and privacy.

Because Ethereum is simply centralized. I'm heavily interested(but not invested) in it, but there's no changing this fact.

Bitcoin is open source software. Forks are pretty much expected and normal because we as humans have different ways of looking at things. Disagreements and different opinions are bound to happen hence the forks.

I am also a maximalist, in addition to bitcoin I also like ethereum, I see ethereum is easier for beginners to understand quickly, whether it's from making a wallet and other ways of dealing, by the way, I still buy ETH when it's cheap

I got your point there, I not a maximalist on any coin but what I see we have in common is to choose which coin is suitable for different instances. Such as bitcoin for huge market investment and transaction and altcoins such as ethereum for daily small transactions. But we shouldn't utilize just both of these, there are crypto that are efficient as well in terms of transaction speed and transaction fee which I consider another crypto to use which is the XRP.