RE: Ethereum on MASSIVE bull run upwards, now 1 ETH = $340 USD! SMASHES the 12% mark of 1 Bitcoin. ETH total market cap has mooned to $31.5B vs. BTC at $48.1B !!

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Ethereum on MASSIVE bull run upwards, now 1 ETH = $340 USD! SMASHES the 12% mark of 1 Bitcoin. ETH total market cap has mooned to $31.5B vs. BTC at $48.1B !!

in cryptocurrency •  8 years ago 

The inevitable "flippening" has been under way for some time. There is no way Bitcoin's fees can continually be sustained, not many users are willing to pay such a ridiculous fee. I thought PayPal was high way robbery and here we have Bitcoin.

No matter what solution is proposed for Bitcoin, with its civil war between the developers and the miners, it's a lose-lose for everyone that owns Bitcoin, at least for a short period after the implementation.

A side note, Ethereum will also run into the same struggles as Bitcoin unless they successfully transition to proof of stake.

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Great points..... I have said similar things recently and in the past myself.

Followed.