legendary
Activity: 2114
Merit: 1293
There is trouble abrewing
specifically ethereum shills because their coin has 72 million premined coins in possession of their foundation overlords.
Twelve million you mean. Sixty million were in the ICO.
the official website says 72 million premined. i don't know if they have changed it now but that is what i saw last time i checked.
and on top of it the rate of its creation is stupidly high
It's a lower rate as a percentage than BTC started with, because BTC wasn't premined.
i don't understand what you are trying to say.
creation rate is how many coins are created in a timeframe like 24 hours.
bitcoin: 2025
BTC per day
ethereum: 17705 ETH per day (8.74x faster)
obviously bitcoin share of the total market cap will be small it its 16 million circulating coins!
There are many reasonable ways of insulting altcoins. Please use them.
i am not insulting anything, i am just stating numbers and facts regarding those numbers.
BTC dominance will depend on the result of the New York Agreement. If there is a clear leader between the two chains, it will be particularly bullish.
there is always going to be only one bitcoin. whether it is current bitcoin or 2x bitcoin or cash bitcoin or blah blah bitcoin doesn't matter. the chain with majority support will be bitcoin.
and its dominance will always be all the things i mentioned above.
and it will only drop in case for example if merchants stop using bitcoin and start using an altcoin. and until that day altcoins will remain useless.