October 9th 2020
Here's how I think about Bitcoin vs. Altcoins (aka bitcoin vs. everything else).
When I got into Bitcoin in 2013 there was lots of talk about fast, cheap, trustless, permissionless, digital payments - even micro payments. That all changed when more people came to the party in 2017.
It was clear Bitcoin couldn't be all things to all people, so the narrative narrowed to focus on Bitcoin's most unique value proposition: its immutable monetary policy.
1 megabyte of transactions. 10 minute blocks. 4 year issuance halving. Until 21 million coins. This is what defines Bitcoin.
This focus opened the door for projects who wanted to bring "decentralization" to non-monetary concepts like computing (Ethereum), privacy (Monero), speed (Solana), governance (Tezos), etc.
So, if you're looking for sound money and a way to protect your wealth from inflation: Bitcoin
If you'd like to see untrustworthy/bureaucratic industries (like the financial industry) rebuilt on decentralized infrastructure: Ethereum
If you want to play venture capitalist and speculate on individual projects transforming industries (like DeFi): Ethereum Tokens
I'm here for all of the above, but 70/20/10. What are you here for?
Hit reply and let me know. I'd love to hear from you. To the moon 🚀
To the moon 🚀 — @GΞR฿Z Founder & Creator @ BitLift
Tweet of the Week
The tweet is from February. But it seemed appropriate given this week's topic. Did you know there's $1B worth of bitcoin "wrapped" and being used on the Ethereum network?