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holy fuck, eth just formalized casper for peer review (3 white papers). this is fucking huge. metropolis on the 22nd (official release date), also fucking huge. raiden is live RIGHT NOW on the test net. also fucking huge.
eth is improving by leaps and bounds, already has a larger market cap than btc (if you don't include the btc that's been lost forever), and cheaper, faster, and has more apps than btc RIGHT NOW.
but people still call it an "alt coin" as if it's not the #1 performing coin, #1 in hash rate, #1 in every other metric but price. if you are buying something as a speculative investment, do you buy the coin that just 5x with no tech in a huge speculative bubble, or the coin that's been dipping for 3 months and just got huge upgrades with more to come literally within days?
the btc maximalism here is cancer.
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and sharding? it's not a meme and actually has a working implementation built in python being debugged RIGHT NOW. all these happenings and what does btc have?
a broken network, 1 hour transactions, $20 fees, and some lightning vaporware. it can NEVER fork, not even for a 2mb block size increase, what the fuck btc how are you worth $4000? oh right, the bitfinex tether
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and people actually think the tether is legit. how can a company that can't do wire transfers go from printing 10m tether to $300m+ tether RIGHT AFTER BEING HACKED? WITH NO AUDIT EVER?
and every time btc's price got bumped? tether got printed that day. the charts line up perfectly.
look, truth is most bitcoins (well over 50%) are lost from the early days and the actual market cap of bitcoin is really fucking low if you consider the lost coins gone forever. in this situation it's really easy to pump the price with fake tether and spoofing. the motive and ability is there, too.
but bitcoin is going to be $1 million each by next tuesday, right?
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