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Earnestly/naively curious: what are the best first-principles arguments for why Bitcoin should not end up fully superseded by Ethereum? (Please don’t make me regret asking this! This is a truth-seeking q; I have no dog in this fight)

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Eli Dourado

@elidourado

· May 1, 2021

Replying to @BrantlyMillegan

They have completely given up. The narrative now is “hodl,” as if you could ever change the world by sitting on your hands and literally doing nothing.

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Andy Matuschak

@andy_matuschak

May 1, 2021

This seems like a good answer: ETH can’t be a strict superset of BTC’s properties because the attitudes on monetary policy are much less gold-like. (nb that is a descriptive not normative claim) twitter.com/marksaroufim/s

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I think

in his recent podcast said that proof of stake (eth 2.0) was potentially open to different class of risks than the btc's pow. I think he might be able to explain it better.

Replying to

and

I’d like to understand that better!

7:12 PM · May 1, 2021Twitter Web App

Replying to

and

It's at this point in his podcast youtu.be/eim8REOYLzA?t= He doesn't go to fullest technical details, but you can see the stuff he highlights there.

youtube.com

Balaji Srinivasan - Bitcoin and Ethereum, Crypto Oracles, and More |...

The Episode of Everything: Balaji on Bitcoin and Ethereum, Media Self-Defense, Drone Warfare, Crypto Oracles, India as Dark Horse, The Pseudonymous Economy, ...

Sai Prasanna

@sai_prasanna

May 1, 2021

Here's the auto-generated part of the youtube transcript. I too wanna learn why proof of stake isn't totally trustless. But tbh I haven't dived much into how it works in first place.

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