Excellent article in Bloomberg about the future of Cryptocurrency
Joe Weisenthal gives an accurate and fair depiction
Bloomberg article without paywall
This is worth spending 10 minutes to read today. I found a non-paywall source and am sharing with everyone in the Ethropy community.
My takeaways:
Bitcoin has had a hard time storing value over short time scales, although it’s appreciated against USD
Bitcoin has very little utility outside being money
The Bitcoin ethos is anti-establishment, exclusive, and stubborn to change
Ethereum and Ether the token are useful for applications far beyond money and payments
The Ethereum community is inclusive and tackles hard problems like high transaction costs
Decentralized Finance may become Finance and regulators don’t seem to be in a position to stop it
Large funds on Wall Street are waking up to the potential Ethereum offers through its “Internet Bond” (staking), utility, and potential
As an Etherean, deep in the community every day, I completely agree with the contrasting ethos of the Bitcoin and Ethereum communities. That’s one fo the most attractive qualities of Ethereum, IMO. The value being created and captured will quickly spread across the various verticals, and anyone with an Internet connection can participate. That’s very powerful!