The more I look into near the more I become impressed.
youâre an odd duck sometimes. i donât think there is even any ETH maxis on this forum. not sure who youâre target is here. and itâs not like Bitcoin is doing much right now either.
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Plus ETH was in the 800s fairly recently, so⌠
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Not sure if youâre aware but No coiners, ETH maxis and the legacy financial machine behind it as well as environmental groups and other establishment institutions have been using ETH (andâ the mergeâ) as propaganda to shit on Bitcoin and Proof of Work.
Yet the token is down almost 20% since.
Blockchains are war. ETH is losing.
Recently?
It hasnât been that low since before January 2021, almost 2 years ago. Thatâs when the last bull run started.
This reads like weâre on a bull run. Not sure if you meant for it to read like thatâŚ
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Gary Gensler said that PoS Eth may pass the Howey Test as a security now
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$800 Eth incoming imho
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For the stakers, sure it would.
But I think you meant it qualifies as a security according to the Howey test. Thatâs what I understood from his recent comments.
iâm sure people deep in the cryptosphere have pointed this out, but i do find it telling that the worldâs governments have basically already constructed this regulatory dilemma where either the technology canât exist because it isnât green enough or it canât function with any real utility because itâs incompatible with various financial regulations.
Regulators can do whatever they want.
Hereâs the issue that most in the cryptosphere want to ignoreâŚ
There is only one crypto currency that was designed and has been tested to stand the onslaught of an adversarial regime. Thatâs Bitcoin.
All other will fold under the heavy hand of government and regulatory overreach.
None of them can stand against that except Bitcoin because of itâs true decentralized nature.
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this is a surprising take from you. i like that youâre branching out intellectually and entertaining other notions. really speaks to your personal and intellectual growth
How does that work?
Arenât there tons of validators?
As an eth bagholder this is unfortunate but true
Lol I have âentertained other notionsâ, but the fundamentals are what bring me to that conclusion. Give me something credible that would change my mind and I would. I did change my mind on Bitcoin as it is. The more Iâve educated myself on the technical aspects the more conviction I have in what Iâm saying.
Technically speaking all other crypto fail to be as anti-fragile as Bitcoin. There may be some way to stop Bitcoin just as easily as others but Iâve yet to hear a good explanation. You can say Iâm being a troll, or a maxi or a contrarian, whatever but no one ever tries to give any good reasons that overcome my objections.
price would still tank and liquidity would dry up if bitcoin was banned in most nations. you canât stop it sure, but itâs value comes from demand. just like anything else.
Thatâs speculative but likely. Sure. And temporary. Not good for traders and those looking to make a quick buck but if youâre opting out, using Bitcoin within a Bitcoin economy youâre fine. Iâd rather deal with that than surveillance state CBDCs. Wouldnât you?
history says otherwise.
value doesnât come from demand?