"Ethereum (ETH) can do the whole thing that Bitcoin (BTC) can do, plus a lot more."
I hear this frequently from humans who are very new to crypto, and figured it would perhaps be beneficial to make a listing of the matters that make King Corn so special.
1. Bitcoin is the hardest of difficult money
There will in no way be greater than 21 million bitcoins, due to the fact the way of life of full-node-running curmudgeonly bastard Bitcoiners will by no means permit it. We proved this already (google S2x bitcoin, if you favor to study about an epic battle).
One of my ETH booster pals stated that if ETH adopts EIP 1559, which burns ETH per transaction, ETH will emerge as even greater scarce than Bitcoin. Unfortunately, this is definitely a whole self-own of a point, and superbly illustrates the distinction I'm speaking about:
Being tough cash isn't always about being scarce, however as a substitute about being immutably, stubbornly, RELIABLY scarce. Saying EIP 1559 makes ETH tougher is actually announcing "adopting a huge exchange to economic coverage *proposed through the founder* single-digit years after launch makes ETH harder."
Obviously, any coin which can make a superb exchange to its emission agenda so effortlessly ought to additionally make one in the different direction—you can not serenely depend on the thought that your stake may not be diluted.
I prefer to make clear that this isn't always always *bad* for ETH; ETH is attempting to do something very exceptional than Bitcoin, and being bendy and aggressive is doubtlessly the right strategy. But for humans who want a hard-as-nails inflation hedge, BTC >>> ETH.
2. BTC has easy goals
>21 million cash ever
Maximum censorship resistance
There is no three
Being inclined to take delivery of all tradeoffs in provider of these desires potential we count on BTC is in all likelihood to be the satisfactory at these 2, even if or even *because* it sucks at different things.
So if what you want is an inflation hedge that additionally cannot be effortlessly confiscated by way of even kingdom actors, Bitcoin is your pick. The market for that easy characteristic set is probably to be in the a couple of trillions, for motives human beings have already included advert nauseam—this is *enough* for BTC.
And again, this additionally is not always horrific for ETH. If you are involved about your belongings being seized in court, ETH is possibly difficult adequate for you. But if you favor even the full super-saiyan Hitler mode State to have a difficult time getting its grubby arms on your money: BTC.
3. Bitcoin's simplicity makes it effortlessly understood and adopted by way of nocoiners
This is empirical: public agencies are shopping for BTC now, at least one sovereign wealth fund I be aware of of additionally holds BTC, lots of conservative asset managers have allotted to it. It's digital gold; now not that scary.
4. Bitcoin's conservatism makes it much less of a transferring target
It additionally makes it less difficult for very-long-term holders to adopt. ETH is dealing with overall performance problems that the neighborhood has determined necessitate a *huge* alternate from the proof-of-work consensus algorithm to proof-of-stake. Bitcoin points no such query marks.
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I hope this was once beneficial for some ETH followers as a seem to be into the certainly special matters Bitcoin is surely higher at. It's my opinion that ETH advantages from BTC's existence and vice-versa, so with a bit of luck the two communities can get alongside a bit higher in the future.
One remaining point: I'm a large believer in expressed vs. printed preferences and it is very telling that many vocal ETH maximalists, EOS people, Tron people... even Bitcoin Cash people, who vocally despise Bitcoin.... nevertheless keep heaps of BTC.
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