Is this true?

>Vitalik said it himself.
actually he said BTC can't be a store of value if they don't fix first layer scaling, which BTC is absolutely not doing

why are buttcoiners always invariantly crypto illiterate

>he doesn't know about the LN

lightning....

BTC at ~120-160k USD is realistic.

ETH is primarily TECH, BTC primarily MONEY

also BTC derives its value from in its core from its hardness: limited, no copy/no fraud. most work put into it where work equals Hash.

LN is garbage without a solid first layer because you have to interact with the first layer to open, refund and close channels

throughput is around 200k transactions a day right now - you retards honestly think that is enough to support a price of 120-150k? welp

this just reads like you are failing to parrot what someone else said

ETH is a superset of BTC, the ONLY thing it has right now that ETH doesn't is lower inflation, but it's still slower and more expensive. In the future ETH will not only have lower inflation, but it will be orders of magnitude better at everything BTC can do, AND it will be able to do infinitely more (creating natural demand), AND you can get paid to hold it through staking

BTC is literally a shitcoin and if you spent just a tiny amount of effort you'd know this by now

>throughput is around 200k transactions a day right now
Please don't lie about stuff that you can easily find with 5 seconds of searching.
blockchain.com/charts

whatever

bitinfocharts.com/comparison/transactionfees-transactions-btc-eth.html

Yeah obviously ETH is capable of more tps but there are a lot of coins that is better than ETH in that regard. It's not the only criteria. It's not even the most important one.

And BTC has been improving a lot. The fees are a lot less even with the same amount of transactions as the bull run days.

avg fees were 2 dollars today for BTC

boy I can't wait to use LN and BTC for my every day transactions! Will only cost me a buck when I download the LN app, and then another buck here and there as I use it

... until even a tiny amount of traction happens and it'll cost me 100 dollars every time I have to interface with the first layer and I have to wait a week for it happen

BTC is fucked

ETH is fucked right now too (less so), but they're actually working on solving the problem and is the best candidate for actually succeeding

it's a nobrainer

>ETH will be a better store of value

what reasons

...

thank god there are sane people like you on this board. Ever since the OG days biz has always been mostly btc maximalists. I think a lot of them fail to see that btc is truly antiquated tech

I saw that thanks fren

Question: Will ETH have a supply cap? or just constant decreasing the inflation rate?

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Average transaction fees of $100 weren't even seen in the bottleneck days of the bull run. In fact, if the exact same situation happened and fees were $100, BTC would be 60k (based on the chart you sent).

I'm not saying BTC is perfect right now but it's improving. It's already improved a lot and it will only get better once 2MB block sizes are seen. It will always be the most expensive coin to transact with but the fees will be tolerable. Also turn down the sarcasm, you can't pull it off.

not to mention at the height of ETH it was 0.1 Sats so that means by trading in ETH you will make a 3-4X from just that on top of your regular eth gains... but thats a secret so shh

Oh, I hadn't seen that. So you're expecting a STORE of value to be the fastest and cheapest to MOVE around?

My bad, should have read that first and not bother with debating.

>ETH will be better
>ETH doesn’t even have a settled Proof Of X system

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nobody knows for sure, most recent guess from Vitalik was "140 million sounds realistic" (kinda paraphrasing forgot the exact context)

as I understand it, inflation rate will depend entirely on how low rewards can go while keeping the network secure - impossible to tell exactly what the sweetspot will be until PoS goes live

also heard Vitalik mention deflation being a possibility, but that's a while back and I'm unsure if if that's still relevant

yes

neat thanks. Last question, when do you anticipate plasma sharding? I think sometime next year. Didn't the OMG Alpha just come out? Does this mean we're closer than we think?

we were seeing 25-50 dollar fees at 300k throughput, lmao

not to mention if you don't pay out your ass you have to wait AGES for your transactions to complete

wait, are you saying being slow and hard to move around is desirable for a store of value?

bet you think gold is valuable because it's heavy

>mining rewards reduced by 30% a month ago
>PoS making legit progress (no this isnt a meme) it literally is
>Vitalik said he is surprised how fast development is going and if were to have guessed in 2017, he would not have thought how far development on sharding would have come
>MakerDAO just announced an s&p 500 synthetic peg similar to DAI (meaning the entire stock market will be tradeable on eth in a decentralised way very soon) - you can literally already trade an s&p 500 index on eth
>plasma and offchain shit also making very good progress
>WASM coming soon meaning you can create smart contracts in rust, c++ etc. (this wont be big if you arent a dev, but as a dev myself, let me tell you this is huge; majority of devs that go to eos, go there because they can use wasm).

1 million dollar bitcoins would mean the market cap of 20 billion * 1000 which is 20 trillion marketcap. quite a goal. id say 100k is more realistic

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>he thinks btc will ever see gold mc

Btc won't even see ath again. It's far too unusable. Fees are already at $2 and the blocks are full. Expect btc to top at 10k and Crab-17 until the market finds a new crypto reserve currency/primary trading pair. Likely bch, but who knows.

This is getting very boring. That's not the case anymore, you know it and I've shown it. Stop acting like it is.

>are you saying being slow and hard to move around is desirable for a store of value?
It's not desirable but it's natural.

>LN

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I have no idea about time frames, seems like progress is being steadily made though if you are to believe people in the ecosystem

>btc is truly antiquated tech
It works just fine. Blockstream just put limits on it and curbed development, so its shit.

I'm unaware of any bitcoin effort to increase first layer scaling - care to enlighten me on what has happened?

>It's not desirable but it's natural.
if you could pick fast and cheap you would do it every time

I notice this with every buttcoiner I have this debate with; their "store of value"-proposition was a MASSIVE copout in the first place and a complete kneejerk reaction to throughput being ass

... and when you then explain how ETH will be better in LITERALLY EVERY WAY and then goes WAAAAY beyond in terms of usability and functionality - what the FUCK does BTC have left to stand on? absolutely fucking nothing

ironically the only reason BTC is worth anything is because idiots don't know it's garbage - they're kind of fulfilling their own prophecy, but it's just not sustainable if the tech doesn't move at all

Btc faggots already have an answer for this, user. "Just use fiat"

>Fees are already at $2 and the blocks are full.
underrated post

this.

btc is old obsolete technology. impossible to normies to understand or even adopt because complex walelt set ups and qr-codes. GL explaining that to boomer.

btc a.k.a "ponzi pyramid scheme" called among mainstream media is going to die slowly.

ripple will overtake bitcoin. it has banks and tech behind it. jews and governments. marketing budget bigger than most of the shitcoins in CMC ( 300 million dollars)

eth will stay as platform token and will bloom to triple digits next bull run.

Dude read his post again.
Think about it for a second. You cant be this fucking stupid.

ETH shills...lol

All you need to know about ETH is how much supply there is right now and how much ETH creators and investors gave themselves in the beginning. They printed 72 million ETH for themselves and control more than half the total supply. You have to be pretty stupid to believe its a good long term investment.

Mfw ETH shills say btc needs on chain scaling when the full ETH blockchain is over 2 TB while btc is around 200 GB and has been around for longer, not to mention the fact that a shitty app like crypto kitties slowed ETH down to a halt.

On ETH website:

Ether is to be treated as "crypto-fuel", a token whose purpose is to pay for computation, and is not intended to be used as or considered a currency, asset, share or anything else.

>ripple

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By starting your statement with "if" anything can be true.

You’re slightly uneducated about the origins of money