Adil Majid

163 days ago

“Bitcoin losing its lead makes sense to me. What doesn’t make sense is that Bitcoin still has a lead at all and that it still has so many proponents. In terms of actual utility, Bitcoin is inferior in almost every way to several other cryptocurrencies, most dramatically Ethereum”

The case for Ethereum maximalism

So far, three cryptocurrencies—Bitcoin, Ripple, and Ethereum—have hit a market cap of $100B. Notably, they all did so within three months of each other. These cryptocurrencies first hit market caps of $10B in 2013, 2017, and 2017, respectively.