I don't make the rules nor do I support what happens good or bad.

I'm just using basic logic here.

Bitcoin has and will continue to change the entire worlds financial landscape. It has no CEO. It's rules based.

What does ETH do on a daily basis? It has a geek in charge who changes the rules every few years. It's a JOKE.

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Posted by HottyToddy7

Member since Sep 2010

14032 posts

Posted on 3/27/24 at 10:08 am to I Love Bama

quote:
What does ETH do on a daily basis? It has a geek in charge who changes the rules every few years. It's a JOKE.

I wouldn't say it is a joke. A ton of crypto with use cases are built on the ETH network. BASE ETH could change the game completely. BTC is nothing but digital gold at this point. It has its place but its use case is only a store of value. Gas fees and transaction times are not practical outside of an exchange.

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Posted by BottomlandBrew

Member since Aug 2010

27158 posts

Posted on 3/27/24 at 4:18 pm to I Love Bama

quote:
What does ETH do on a daily basis? It has a geek in charge who changes the rules every few years. It's a JOKE.

That's incorrect.

Ethereum was conceived by VB, but he does not run it. He's basically a PR person at this point. He can not change anything. It is run on community consensus. Upgrades (many of which have been on the roadmap since day 1) are brought up and voted on. Updates are then coded, tested on multiple test nets, and then rolled out to mainnet, at which point the larger community has the choice to upgrade or not. If the majority do not see it as being a good thing, then the protocol does not change.

A huge benefit of Bitcoin is that it is nigh impossible to change.
A huge benefit of Ethereum is that it can be changed.

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