The comparison is a category error because ETH is not decentralized.
A famous example of a category error is when Warren Buffett discredits Gold because it doesn't produce a yield like e.g. farmland does. He is comparing two things that are not in the same category (Gold is a form of money, not a form of income producing asset).
Since ETH is not decentralized it cannot ultimately become a government-hard money. It is not in the same category as Bitcoin, and afaik no other cryptocurrency is either.
zaps_
npub1mv…lqlk5
2023-04-16 12:01:59
in reply to nevent1q…npq9
Author Public Key
npub1mvdsj45uafjlzregqpeer6x0lqg53q2vjxphpcnpjpkyr9hr8zssflqlk5Published at
2023-04-16 12:01:59Event JSON
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"content": "The comparison is a category error because ETH is not decentralized.\n\nA famous example of a category error is when Warren Buffett discredits Gold because it doesn't produce a yield like e.g. farmland does. He is comparing two things that are not in the same category (Gold is a form of money, not a form of income producing asset).\n\nSince ETH is not decentralized it cannot ultimately become a government-hard money. It is not in the same category as Bitcoin, and afaik no other cryptocurrency is either.",
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