@Sebante_123 @Jim_Harper @crypt0snews See, and this is where the problem starts. Have you ever heard of the term "gish gallop"? It's simply an insurmountable task to refute the amount of asinine nonsense in that chart.
@Sebante_123 @Jim_Harper @crypt0snews Supply Cap:
BTC: Several independent researchers have shown that BTC's supply cap is not sustainable. Consider that +95% of BTC's security is paid for by block rewards for one.
The fixed cap is a literal lie.
BTC: Several independent researchers have shown that BTC's supply cap is not sustainable. Consider that +95% of BTC's security is paid for by block rewards for one.
The fixed cap is a literal lie.
@Sebante_123 @Jim_Harper @crypt0snews ETH: Just like BTC, ETH's supply issuance is set by social contract, and is best described as "minimum necessary issuance", and it has only ever decreased (framing difficulty bomb delays as issuance increases is a ridiculous narrative play obviously).
See docs.ethhub.io/ethereum-basic…
See docs.ethhub.io/ethereum-basic…
@Sebante_123 @Jim_Harper @crypt0snews Inflation:
ETH's issuance rate has only ever *decreased* (increased to 5% is a literal lie or at best misrepresentation of difficulty bomb delay), and natural incentives ensure that will always be the case. Just like in BTC.
And PoS will allow for near-zero issuance.
ETH's issuance rate has only ever *decreased* (increased to 5% is a literal lie or at best misrepresentation of difficulty bomb delay), and natural incentives ensure that will always be the case. Just like in BTC.
And PoS will allow for near-zero issuance.
@Sebante_123 @Jim_Harper @crypt0snews Fair start:
Both BTC and ETH had a fair start and were working with the means at their disposal. In fact, if we disregard intent, BTC's early mining was far more centralized than ETH's initial distribution, with over 1M BTC mined by Satoshi alone.
Both BTC and ETH had a fair start and were working with the means at their disposal. In fact, if we disregard intent, BTC's early mining was far more centralized than ETH's initial distribution, with over 1M BTC mined by Satoshi alone.
@Sebante_123 @Jim_Harper @crypt0snews ETH's "premine" was indeed 66% of the current total supply, but ~90% of that was immediately offered in an extremely public presale that was easily accessible to any BTC holder. Ensuing years of mining and market distribution puts Gini coefficient about on par with BTC.
@Sebante_123 @Jim_Harper @crypt0snews The ~10% of the "premine" that went to the Ethereum foundation and founders has currently reduced significantly as well. For instance, the Ethereum foundation currently owns a mere ~0.5% of the total ETH supply, and that ETH is dedicated to furthering the Ethereum ecosystem.
@Sebante_123 @Jim_Harper @crypt0snews Protocol upgrades:
ETH and BTC function under the *exact same* distributed consensus rules: Nodes choose to run clients. Both networks are not magically immune to hard forks, and both networks can have developers rallying for a protocol change, be it as soft or hard fork.
ETH and BTC function under the *exact same* distributed consensus rules: Nodes choose to run clients. Both networks are not magically immune to hard forks, and both networks can have developers rallying for a protocol change, be it as soft or hard fork.
@Sebante_123 @Jim_Harper @crypt0snews Leadership:
Again, ETH and BTC function exactly the same. BTC core developers, with a small set of vocal proponents responsible for establishing dominant discourse and direction (or lack thereof) of the project. Same is true for Ethereum. The set of proponents is just different.
Again, ETH and BTC function exactly the same. BTC core developers, with a small set of vocal proponents responsible for establishing dominant discourse and direction (or lack thereof) of the project. Same is true for Ethereum. The set of proponents is just different.
@Sebante_123 @Jim_Harper @crypt0snews And if Vitalik is a leader it is only by example, through repeatedly proven merit. And he's by far not the only person in ETH with those characteristics. BTC has such proponents as well, and they should be considered assets to the project rather than single points of failure.
@Sebante_123 @Jim_Harper @crypt0snews Node validation:
ETH nodes are in fact as easy to run as BTC nodes, but detractors have spread a *lot* of misinformation around that. Reality is that an ETH fast sync is realistically on par with a BTC full sync due to commitment of the state root hash in each block.
ETH nodes are in fact as easy to run as BTC nodes, but detractors have spread a *lot* of misinformation around that. Reality is that an ETH fast sync is realistically on par with a BTC full sync due to commitment of the state root hash in each block.
@Sebante_123 @Jim_Harper @crypt0snews Reality is that any decent consumer system with an SSD can spin up an ETH node in a matter of a couple of hours.
In fact, here is a detailed guide on how to run an ETH full node on a Raspberry Pi even:
In fact, here is a detailed guide on how to run an ETH full node on a Raspberry Pi even:
@Sebante_123 @Jim_Harper @crypt0snews Smart Contracting:
BTC Script is impotent to the point that it's nearly impossible to do layer 2 or privacy solutions of any kind. Taproot doesn't actually exist, and doesn't extend this capability in any significant way.
BTC Script is impotent to the point that it's nearly impossible to do layer 2 or privacy solutions of any kind. Taproot doesn't actually exist, and doesn't extend this capability in any significant way.
@Sebante_123 @Jim_Harper @crypt0snews ETH's EVM, of which Solidity is merely the most popular language that compiles to EVM bytecode, along with ETH's rich statefulness and general purpose design allows for far richer exploration of higher layers, and public blockchain applications in general.
@Sebante_123 @Jim_Harper @crypt0snews I think a testament to this is the noticeable R&D brain drain from BTC to ETH. Developers only ever seem to move in one direction.
@Sebante_123 @Jim_Harper @crypt0snews So, there you have it. Twitter is obviously not the best medium for this, so feel free to scrutinize my answers and I'll do my best to provide further clarification where I can.
