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Sunday, 31 October 2021

Thought experiment: What happens if ETH flips BTC?

We all know that people have talked about Ethereum flipping Bitcoin. It could happen in the medium term, given that Ethereum has so many tokens and NFTs on top of it and the tokenonmics are being improved with staking and fee burning.

If the flip does happen, then of course people will start questioning Bitcoin and wondering what went wrong. They will ask why Bitcoin hasn't made any improvements, and all the BCH tech will get publicity. This could lead to a huge speculative pump into Bitcoin Cash.

I don't think Ethereum will stay on top, but if it flips Bitcoin even temporarily there will be major repercussions.

submitted by /u/d05CE
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from Bitcoin - A Peer to Peer Electronic Cash System https://ift.tt/3EtfCnm

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