Ask HN: Why the disconnect between Bitcoin and Ethereum?

6 points·kaycebasques··7 comments

I added small allocations to both in my long-term investment portfolio back in May [1]. FBTC is up 30% in that timeframe whereas FETH is down 5%. Why the disconnect?

[1] Correction: added FBTC in May whereas FETH was July but nonetheless there still seems to be a disconnect

View on HN

Eth supply is unknown, while BTC supply is capped at 21 Million.

Having a capped supply is a core value in the Bitcoin story. In the ETH story, it is not. ETH supply is changing every couple of years in unpredictable ways.

Definitely less predictable, but interestingly Ethereum supply decreased since the 2022 merge:

https://ultrasound.money/

ETH price rise makes the Ethereum-network more costly (and less attractive to uses and developers [cryptokitties]). ETH-Layer2 networks may be parasitic to the ETH price (this is an open discussion). Solana has more attactive tx/s, but is less decentralized (decentralization is less useful if gov isn't attacking crypto).

yeah I think so too. Ethereum gas prices are ridiculous at times. Depending on the network traffic you can pay from 2$ to 20$ for the same transaction.

Bitcoin is proven as a monetary asset competing in a $900T total addressable market. Ethereum is more of an experiment looking for a use case whilst also having the founders print money for themselves so it will never be interesting as money.

I believe that it’s because people are not investing in bitcoin because it’s a viable cryptocurrency (unlike Ethereum and some others) but that’s it’s a scarce commodity (like gold) that adds diversification to an investment portfolio.

Bitcoin is proof of work. Ethereum isn't.

If money isn't proof of work then what is it?

Reply on news.ycombinator.com