Opened up X this am just to some guy posting this. 🤡 What a clown show.
422 sats \ 6 replies \ @mallardshead 19 Sep 2023
There will be a flippening: Tether flipping Ethereum. And the #3 spot in the coincap ratings is not a place you want to ever be historically. This will happen in the next 24 months.
reply
5 sats \ 4 replies \ @fm 19 Sep 2023
"Tether flipping Ethereum" - you sure?
reply
205 sats \ 1 reply \ @orthwyrm 19 Sep 2023
That's my expectation too. Stablecoin demand is real and is arguably the main usecase of altcoins at this point, but stablecoins are operable on platforms outside the Ethereum ecosystem (Tron, Solana, etc.)
24 months sounds about right to me, especially if Ethereum gets Gensler'd.
reply
20 sats \ 0 replies \ @SatoshisSkeleton OP 20 Sep 2023
Ooof
reply
0 sats \ 1 reply \ @mallardshead 19 Sep 2023
It's already flipped everything else, grown 5x since 2020 and is averaging $25B in daily volume, which is about as much daily volume as every cryptocurrency in the world combined, including bitcoin. It has a higher market cap today than it did at the height of the bull market and is emerging as a significant buyer of short-term US debt (T-bills). I'm quite sure the flippening is coming.
reply
20 sats \ 0 replies \ @SatoshisSkeleton OP 20 Sep 2023
Double oooof
reply
5 sats \ 0 replies \ @SatoshisSkeleton OP 19 Sep 2023
😑
reply
36 sats \ 1 reply \ @orthwyrm 19 Sep 2023
I kinda think it's possible for a short while.
Ethereum is not good money. Ethereum is a shitcoin casino. But it's possible that markets will temporarily value the latter more than the former, because markets are dumb and misprice things. Especially if you combine bull-market euphoria with Ethereum's illiquid supply (pre-mine + staking).
So while I don't expect it, I also don't rule out a temporary flip. It doesn't matter in the long run because Ethereum has several complementary centralizing pressures that, best I can tell, are rather insurmountable and will result in the downfall of the protocol over the long run.
Besides, market cap is a highly flawed metric and easily gamed. I don't particularly care if Bitcoin gets flipped. It's still the soundest money we have.
reply
50 sats \ 0 replies \ @SatoshisSkeleton OP 19 Sep 2023
Bruh. I don't give people a lot of credit but I don't think we're all that daft.
Ethereum is pretty terrible and isn't anything like Bitcoin anymore.
reply
111 sats \ 1 reply \ @nerd2ninja 19 Sep 2023
Every. Damn. Day.
I'm not a Twitter user but I do hear this a lot from shitcoiners trying to cope.
reply
105 sats \ 0 replies \ @SatoshisSkeleton OP 19 Sep 2023
💯
reply
5 sats \ 1 reply \ @guts 19 Sep 2023
I would like to read good arguments why it could or not. Just posting as maxi against other alts looks not different to the Ethereum degens of X.
reply
45 sats \ 0 replies \ @SatoshisSkeleton OP 20 Sep 2023
Huh? Ethereum isn't anything like Bitcoin at this point.
reply
5 sats \ 0 replies \ @jgbtc 19 Sep 2023
The only thing I care about is which one is more likely to be rugged.
reply
1 sat \ 11 replies \ @faithandcredit 19 Sep 2023
Why wouldnt it? It fits into the current world order better than any other crypto, it also has friends in high places. Note that paypal has launched their stablecoin as an ERC20. Also Ethereum is only 6 years old. So you can go back and look where Bitcoin was when it was 6 years old.
tl;dr the next 6 years are going to be extremely bullish for Ethereum and now is probably the best time to position urself in it.
reply
221 sats \ 2 replies \ @mallardshead 19 Sep 2023
Not a good idea to position in that. It will unravel. Many loose threads are waiting to get pulled there.
reply
10 sats \ 1 reply \ @SatoshisSkeleton OP 19 Sep 2023
I'm taken back how many .eth people are here. 😳
reply
5 sats \ 0 replies \ @mallardshead 19 Sep 2023
There's a bunch of Monero and ETH people here. It's good though. They're in the right place to learn.
reply
111 sats \ 2 replies \ @SatoshisSkeleton OP 19 Sep 2023
😖
reply
0 sats \ 1 reply \ @faithandcredit 19 Sep 2023
Why dont you just buy some? you only live once.
reply
35 sats \ 0 replies \ @SatoshisSkeleton OP 19 Sep 2023
😳🤯🚫
reply
106 sats \ 0 replies \ @nerd2ninja 19 Sep 2023
- Cope
- Vitalik is not in the in like that. What country benefits? Thats the answer you really need to be looking for.
reply
5 sats \ 1 reply \ @badabing 19 Sep 2023
I hope this is not financial advice.
reply
30 sats \ 0 replies \ @SatoshisSkeleton OP 19 Sep 2023
Most times when people say this... you ought to believe them!
reply
5 sats \ 0 replies \ @Muuny 19 Sep 2023
you mean that the current world order is that some great website gets eaten by some surveillance website? Bitcoin isn't a website bud.
reply
0 sats \ 0 replies \ @mallardshead 19 Sep 2023
deleted by author
reply