The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

‘Ethereum is complex and competitive, but it lacks….’

by Miki 07/04/2021
by Miki 07/04/2021 0 comment

The race between the king coin and the largest altcoin has been debated lately. While the top spot has been taken by Bitcoin and the chances of that changing in the near future are slim, but there have been interesting conversations on either side of the debate. Some believe that Ethereum is inching closer to the top spot while others remain skeptical of the alt.

Long-term Bitcoin advocate Michael Saylor yet again struck a rather bullish tone on Bitcoin in an interview with analyst Benjamin Cowen. The entrepreneur, when asked about the top alt- Ethereum, had a rather bizarre parallel to draw. 

He called Bitcoin a digital property and applauded upgrades like Taproot that make it better. On the other hand, the entrepreneur called Ethereum a decentralized platform that is “competing with big tech companies and the applications running on it are competing with finance companies and banks”

He further added that:

“It (Ethereum) is complex and competitive but it lacks regulatory clarity. The three big risk factors are complexity, competition, and clarity. It’s a lot more complex. Applications need to be built for functionality and performance. Bitcoin doesn’t need that. Adding functionality and performance adds the risk factor.”

Simply put, according to Saylor, Ethereum is more of a company since one makes Dapps on it and it provides a platform. He said that “if one has a billion dollars that they can either put on a digital property (BTC) or a digital company (Ethereum), it should be on Bitcoin”.

There were a lot of reactions to these statements. One such reaction came from George Tung’s podcast where he said:

“This was not a good interview. Ben asked some basic questions and the answers were just enormously long, convoluted, and defensive.”

The YouTuber in his video later underlined that Bitcoin maxis need to “stop bashing Ethereum and other alts”. Talking about Bitcoin maxis, Tung also spoke about Jack Dorsey’s tweet where he reiterated that he won’t buy Ethereum. The Twitter founder said ‘no’ to Ethereum once again despite the social media platform’s activities with Ethereum-based nonfungible tokens. 

No.

— jack (@jack) June 30, 2021



Source link

Views: 0
CompetitivecomplexEthereumlacks
Share
0
FacebookTwitterPinterestEmail
previous post
Elon Musk’s “Baby Doge” Tweet Spikes The Dogecoin Price
next post
Binance Coin, Chainlink, Theta Price Analysis: 4 July

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Global Hedge Funds Expect to Push Over 7% of Their Portfolios into Crypto by 2026

  • Bitcoin Funding Flips Negative as BTC Records 10% Daily Loss as Over-Leverage Factor Dominates

  • Cardano, MATIC, The Sandbox Price Analysis: 3 December

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,454.000.98%
  • ethereumEthereum(ETH)$1,979.311.33%
  • tetherTether(USDT)$1.00-0.07%
  • binancecoinBNB(BNB)$318.225.81%
  • usd-coinUSD Coin(USDC)$1.000.28%
  • rippleXRP(XRP)$0.4142661.35%
  • Binance USDBinance USD(BUSD)$1.00-0.04%
  • cardanoCardano(ADA)$0.532.35%
  • SolanaSolana(SOL)$50.261.68%
  • dogecoinDogecoin(DOGE)$0.0855112.28%
  • polkadotPolkadot(DOT)$9.963.26%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,448.001.15%
  • Lido Staked EtherLido Staked Ether(STETH)$1,930.290.57%
  • AvalancheAvalanche(AVAX)$29.651.83%
  • tronTRON(TRX)$0.0742364.39%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.0000122.13%
  • daiDai(DAI)$1.000.12%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$69.991.13%
  • CronosCronos(CRO)$0.1890842.27%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.900.86%
  • matic-networkPolygon(MATIC)$0.652.65%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.106.87%
  • FTX TokenFTX Token(FTT)$30.181.81%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$193.372.02%
  • RareRare(RARE)$0.0461220.00%
  • chainlinkChainlink(LINK)$7.062.34%