How does one perform the intellectual gymnastics to pitch ETH over BTC?
"Yea it's just like bitcoin except no credible monetary policy! And you can do more stuff with it!"
"Wait, no monetary policy?"
"Nah. They're just fucking around with it to find out what works best. They've changed policies like 4 or 5 times i dunno who's even keeping track. Have I told you about the Splurge yet?"
"Uh that's weird are there like any insiders to this ETH thing? I know bitcoin didn't have a big pre-sale or investors was ETH founded the same way?"
"Well they sold something like 72 million ETH pre-genesis block but it was all to like banks, devs and other corporations who control a large portion of the infrastructure now. idk it's not really a big deal"
"Wow ok that's... different. Kinda sounds a lot like a security"
"Nah man think of it like a commodity. Except the name is trademarked, the supply cap and distribution can be modified and it's reliance on a single centralized entity (consensys) isn't really clear."
¯\_(ツ)_/¯
WhiteRabbit
npub1xw…5pukx
2024-05-30 19:12:39
Author Public Key
npub1xw80wt3aa6768pdwm6j73xu8as66055k6j5mvs4m9sddjfsq0kms55pukxPublished at
2024-05-30 19:12:39Event JSON
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"content": "How does one perform the intellectual gymnastics to pitch ETH over BTC? \n\n\"Yea it's just like bitcoin except no credible monetary policy! And you can do more stuff with it!\"\n\n\"Wait, no monetary policy?\"\n\n\"Nah. They're just fucking around with it to find out what works best. They've changed policies like 4 or 5 times i dunno who's even keeping track. Have I told you about the Splurge yet?\"\n\n\"Uh that's weird are there like any insiders to this ETH thing? I know bitcoin didn't have a big pre-sale or investors was ETH founded the same way?\"\n\n\"Well they sold something like 72 million ETH pre-genesis block but it was all to like banks, devs and other corporations who control a large portion of the infrastructure now. idk it's not really a big deal\"\n\n\"Wow ok that's... different. Kinda sounds a lot like a security\"\n\n\"Nah man think of it like a commodity. Except the name is trademarked, the supply cap and distribution can be modified and it's reliance on a single centralized entity (consensys) isn't really clear.\"\n\n¯\\_(ツ)_/¯ \n\n ",
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}