“Is Bitcoin Heading To Zero?” – Forbes | $8,718.73

Volatility and hordes of bubble-chasing speculative investors are not Bitcoin’s only problem, there are technical shortcomings as well.

Eli is actually an optimist about the potential for cryptocurrencies. However, he argues that when you look at all the important features for a cryptocurrency, Bitcoin is either dominated by Ethereum or soon will be.

One issue is transaction fees, which are significantly lower for Ethereum.

Another issue Eli says favors Ethereum is governance quality. The leadership, developers, and community matter a lot for a cryptocurrency… While source code and technical parameters can be copied, and network effects can change, governance institutions can’t simply be copied

Eulogy made by Eli Dourado

Source

Bitcoin Video Crash Course 

Join over 94,000 students and know all you need to know about Bitcoin. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.

Leave a Reply

avatar
 
  Subscribe  
Notify of