Topic: ETH is always one step behind the competition - page 3. (Read 442 times)
I used to hype Ethereum merge because I thought it will fix the high gas fee, if this was the case Ethereum might likely out perform BTC in this bear market in terms of profit but now we have been given more reason to find a better ETH instead, bravo @ vitalik buterin, bravo.
Ethereum was first to have smart contracts afaik — being early advantage, and community matters a lot in valuing a coin. Just look at doge.
Yes, Ethereum is the first coin with a smart contract, it's like bitcoin. Bitcoin is regarded to be the creator of the crypto market, while Ethereum is regarded to be the creator of the altcoin market. Ethereum has been deeply imprinted on people's minds, it is the pioneer coin in altcoins, most trusted by many people. Like we compare bitcoin to gold, bitcoin is superior to gold in many ways but gold is a proven older asset so it is safer than bitcoin.
It is all about the marketing. ETH has many shills everywhere willing to defend their investments like it is a matter of life and death. IOTA used to have that kind of shills too but now they are all gone. I wonder why? 
You are right that they bring out PoS like it is the world’s 8th wonder even though it has been around for years.
People are looking for any news to pump their bags now. They don’t care if the news is good or bad. Anything will do and PoS is just that. It is just another nothingburger they are hyping up.
You are right that they bring out PoS like it is the world’s 8th wonder even though it has been around for years.
People are looking for any news to pump their bags now. They don’t care if the news is good or bad. Anything will do and PoS is just that. It is just another nothingburger they are hyping up.
Reputation and being the early bird.
It's human nature to go back to its ancestors which works better than the new ones.
Thinking about the learning process when you transition to a new kind of chain or project, it will consume time and there's the chance of having a hard time getting used to it.
Its value will still reflect in the usage and I think a big amount of investors and developers are not ready for a change yet.
It's human nature to go back to its ancestors which works better than the new ones.
Thinking about the learning process when you transition to a new kind of chain or project, it will consume time and there's the chance of having a hard time getting used to it.
Its value will still reflect in the usage and I think a big amount of investors and developers are not ready for a change yet.
I'd say ethereum is as valuable as it is now because it has a large community of investors, one that is far greater than any other altcoin in the market, most of those altcoins that implement new features earlier than Ethereum are relatively unknown, and even if they have made a good implementation to their network, nobody talks about it, and thus if Ethereum makes that same move/implementation, it breaks the news, and thus most people erroneously think Ethereum was the first to make the implementation. But it is what it is, they have the trust of a large community, so these are the advantages they receive in return.
Its because its the first one and we all knew that early projects have edge on this and trusted more by people. Look on bitcoin, it doesnt have much dapps or any use case aside from being traded, and store of value but still its number 1. Theres a lot of other projects with expandable and flexible features that those but they are yet to be beaten. Its not all about tech but also the mark they imprinted on community. They are famous enough that the competition on tech which is more advance are disregarded.
Ethereum was first to have smart contracts afaik — being early advantage, and community matters a lot in valuing a coin. Just look at doge.
I don't get why people are so hyped about ETH's switch to PoS (The Merge) when we already had other PoS blockchains in the first place (eg: Cardano, BNB). Competing chains often add new features before ETH does. Even Zilliqa adopted "Sharding" (which is a scaling technique), before ETH did. Yet, ZIL's price is nothing compared to ETH. If ETH is always one step behind, then why it's extremely valuable? Doesn't that make ETH overpriced? I'd say the same about Bitcoin, but no other crypto outmatches its level of decentralization and censorship-resistance.
What are your thoughts?
What are your thoughts?
Jump to: