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Weiss Ratings, provider of market research and securities analysis on ETFs, mutual funds, cryptocurrencies, banks and insurance companies, made a bold move stating that Ethereum will exceed 50% of Bitcoin's market share in the next 5 years [19659002] Bitcoin a "One Trick Pony"
Weiss's ratings came out swinging on September 18, making a bold prediction that Bitcoin (BTC) 0 0 will lose half of its market share in Ethereum (ETH) 0 0 within five years. In addition, the research provider cited the world's first and most important cryptocurrency as a "pony one-trick", claiming that Ethereum has superior blockchain technology and that the limit of its application is "sky itself". # Bitcoin will lose 50% of its #cryptocurrency market share to #ETH within 5 years, due to it offers more uses and is supported with # 19459025 superior technology. We are completely agree – unlike #BTC which is a one-trick pony, the limitation of the application of ETH is the sky itself. In addition, Bitcoin was alone dominating the market, accounting for more than half of its entire capitalization. The bitcoin domain is currently 51% according to CoinMarketCap data. Prices aside, the comparison between Bitcoin and Ethereum seems quite debatable at best. As simple as it may be, observing the first sentence of both whitepapers reveals fundamental differences that make them completely incomparable. According to the Bitcoin white paper, his concept is "A purely peer-to-peer version of electronic money would be to allow online payments to be sent directly from one party to another without going through a financial institution." [19659009] Ethereum, on the other hand, aims "to create an alternative protocol for building decentralized applications, providing a different set of compromises that I believe will be very useful for a large class of decentralized applications, with particular pay attention to situations where rapid development times, security for small and rarely used applications and the ability of different applications to interact very efficiently are important. " Naturally, Weiss Ratings tweet provoked a reaction on behalf of the community, with supporters of both cryptocurrencies that have flooded the comments [1965] 9020] Remember when @ WeissRatings was relevant? – WhalePanda (@WhalePanda) September 19, 2018 Immediately after the first tweet, however, the research provider took a much softer approach, apparently recognizing the inadequacy of his initial statement. In 5 years we see #ETH – platformLIKE which dominates the market – not necessarily ETH. It is difficult to predict which project you are targeting, but we believe that ETH's utility and flexibility are the standard. We apologize for not being clear. Our previous tweet was a comment on an article (below). – Weiss Ratings (@WeissRatings) 19 September 2018 What is strange, however, is that Weiss Ratings is describing itself as "a leading national supplier of independent, impartial and reliable assessments of equities, mutual funds, cryptocurrencies, ETFs and financial institutions. " The tweets described above are not only painfully distorted, but are also in direct contradiction with the company's previous position. Just a few days ago, on September 12, Weiss Ratings tweeted the following: For Joseph Lubin, a co-founder of #Ethereum the price of digital currencies is not something that spends much of worrying time . It is more interested in practical applications of technology. And so should everyone else. Too bad that Etherum does not work. #btc #bitcoin – Weiss Ratings (@WeissRatings) 12 September 2018 What do you think of the position of Weiss Ratings on Bitcoin and Ethereum ? Do not hesitate to let us know in the comments below? Images courtesy of Twitter, Shutterstock
Apples and Oranges
Neither me. Https://t.co/rGYxfT4hwt
Painful contradictions
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