Thanks! I‘m pretty sure hardcore Ethereans will disagree and hardcore Bitcoin maximalists will disagree as well. But in my opinion you need nuance in this discussion, thats what I tried to deliver.
After so many hours of getting incidental knowledge of Ethereum by listening to others blabla, this has been a real and effective refresher. Thank you so much!
Keep on doing what you are doing and putting out these longer videos! Love the Lex clip! Do you have a tutorial or suggestion on how to set up a BTC node?
Some kind of credit money, also called "debt money," is required to finance the growth of an economy faster than can be done if the only money alternative is hard money (like Bitcoin or gold certificates). Without some kind of debt money, such as Ethereum, loans to finance business and housing growth would be limited by the amount of money that people have saved and are willing to lend out. Due to advanced technology, we may see long-term deflation. In a long-term deflation scenario, people will save more and there will be less demand for credit (loans). In that case, there may not be a big need for credit money (such as Ethereum), which is almost by definition fiat money, since the supply of credit needs to expand and contract as-needed to satisfy the demand for loans. One thing is certain: all money will soon be digital and only digital. The world probably needs both hard money and credit (fiat) money. Was meinst du?
Not entirely sure how things will play out as there are many, many variables. I‘ll observe the impact of CBDCs and reason from there. I‘m not in a hurry to forecast anything :)
I think we barely scratch the surface of how or what defi can achieve in the future, before eth there isn't any uses cases beside store of value for btc so people don't value it that much, now with a lot of project coming into eth and staking I think that eth maybe better from my economical perspective. my only main concern of eth 2.0 is whether the security of the network is good enough changing from proof of work to proof of stake, also they should've changed the require minimal eth to run a node from 32 eth to 1 eth to make sure that the network is decentralized enough. I'm more into syntetix asset to be honest so eth can be used mainly to estimate and pay fees that many defi app use. assuming that the eth pos 2.0 can handle 100.000 transaction per second the cost per transaction for someone to transfer might be 2$/3333 ? that I think solve the problem of usability and scalability which btc lacks of. without lighting network BTC might lose the battle.
It‘s not „just“ Store of Value. SoV is the biggest TAM. People store in gold, bonds, stocks, real estate, currencies ... some of that monetary premium will flow into bitcoin. That‘s bigger than DeFi. We will see how things play out betweent BTC and ETH, will be interesting to watch! :)
@@tillmusshoff yeah in the end it's all just a speculation about which coins people are going to use, BTC/ETH/Monero all have their own unique features.
Sorry, but I still don't get how anyone can say with a straight face that Bitcoin and Vitalikoin can coexist, or that they're solving entirely different problems, or that they'll have a symbiotic relationship (🤮). On the outside, ETH may be like a skyscraper and BTC may be like a humble little cottage, but that skyscraper is built on a foundation of sand, while the little cottage is built on a foundation of stone. And, if they have such different use cases, why are their prices always compared *by ETH Heads,* who claim that ETH is going to "flippen" BTC? But, in reality, ETH is just Fed 2.0, and will inevitably collapse under its own weight, like all fiat systems, while Bitcoin continues to grow, improve, and do *everything* that ETH does (except with an actual solid, decentralized, immutable base), and will continue to do so without stopping, *forever.*
I built a 'Link in Bio' - a Linktree alternative for Bitcoiners. Check it out here: bitcoiner.bio 🧡
im sayin it, this is the best video on ethereum I have ever watched!
Thanks! I‘m pretty sure hardcore Ethereans will disagree and hardcore Bitcoin maximalists will disagree as well. But in my opinion you need nuance in this discussion, thats what I tried to deliver.
Very underrated channel. Definitely sharing your videos with friends and family. Keep up the amazing work!
After so many hours of getting incidental knowledge of Ethereum by listening to others blabla, this has been a real and effective refresher. Thank you so much!
Fantastic channel. You deserve way more subs.
Another amazing and very informative video! (as well as all of your other Bitcoin ones).
you just hit the nail on the head
Keep on doing what you are doing and putting out these longer videos! Love the Lex clip! Do you have a tutorial or suggestion on how to set up a BTC node?
BTCSessions has some that I are good I believe. Check the Umbrel full node, it‘s super easy to set up.
Great video. Would be good if you linked to the articles you talk about, and the Lex Fridman video.
Done! Missed that somehow.
Do you prefer to watch my videos in German? Here you go: th-cam.com/video/PzVtcaFpDIg/w-d-xo.html
Fan of Dan Held I see!
Some kind of credit money, also called "debt money," is required to finance the growth of an economy faster than can be done if the only money alternative is hard money (like Bitcoin or gold certificates). Without some kind of debt money, such as Ethereum, loans to finance business and housing growth would be limited by the amount of money that people have saved and are willing to lend out. Due to advanced technology, we may see long-term deflation. In a long-term deflation scenario, people will save more and there will be less demand for credit (loans). In that case, there may not be a big need for credit money (such as Ethereum), which is almost by definition fiat money, since the supply of credit needs to expand and contract as-needed to satisfy the demand for loans. One thing is certain: all money will soon be digital and only digital. The world probably needs both hard money and credit (fiat) money. Was meinst du?
Not entirely sure how things will play out as there are many, many variables. I‘ll observe the impact of CBDCs and reason from there. I‘m not in a hurry to forecast anything :)
I think we barely scratch the surface of how or what defi can achieve in the future, before eth there isn't any uses cases beside store of value for btc so people don't value it that much, now with a lot of project coming into eth and staking I think that eth maybe better from my economical perspective. my only main concern of eth 2.0 is whether the security of the network is good enough changing from proof of work to proof of stake, also they should've changed the require minimal eth to run a node from 32 eth to 1 eth to make sure that the network is decentralized enough. I'm more into syntetix asset to be honest so eth can be used mainly to estimate and pay fees that many defi app use. assuming that the eth pos 2.0 can handle 100.000 transaction per second the cost per transaction for someone to transfer might be 2$/3333 ? that I think solve the problem of usability and scalability which btc lacks of. without lighting network BTC might lose the battle.
so in the end eth works more like a decentralized banking system, while btc works as a cryptocurrency. thats my take on it
It‘s not „just“ Store of Value. SoV is the biggest TAM. People store in gold, bonds, stocks, real estate, currencies ... some of that monetary premium will flow into bitcoin. That‘s bigger than DeFi. We will see how things play out betweent BTC and ETH, will be interesting to watch! :)
@@tillmusshoff yeah in the end it's all just a speculation about which coins people are going to use, BTC/ETH/Monero all have their own unique features.
Sorry, but I still don't get how anyone can say with a straight face that Bitcoin and Vitalikoin can coexist, or that they're solving entirely different problems, or that they'll have a symbiotic relationship (🤮). On the outside, ETH may be like a skyscraper and BTC may be like a humble little cottage, but that skyscraper is built on a foundation of sand, while the little cottage is built on a foundation of stone. And, if they have such different use cases, why are their prices always compared *by ETH Heads,* who claim that ETH is going to "flippen" BTC? But, in reality, ETH is just Fed 2.0, and will inevitably collapse under its own weight, like all fiat systems, while Bitcoin continues to grow, improve, and do *everything* that ETH does (except with an actual solid, decentralized, immutable base), and will continue to do so without stopping, *forever.*