Bitcoins/Litecoins/Virtual Currencies

Tmac said:

Adoption by Users = BTC wins

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No it doesn't, measure these from the start of the year, active and new addresses for BTC has gone down since Jan 1, Ethereum has increased in both. Further, I believe it's standard operating procedure in Bitcoin to use a different wallet address for every transaction, correct me if I'm wrong.

Tmac said:

Their use cases are just so wildly different tho.

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They're only wildly different in that Ethereum is a more generalized blockchain than Bitcoin is, which means Ethereum can replicate 100% of BTC functionality while the opposite is not true whatsoever. Thinking that L2 solutions are going to solve Bitcoin scalability problems is exactly the Bitcoin maximalist fantasy that needs to be crushed.

Oh fucking great!

Jive Turkey said:

I still don't understand how an economy can run on a currency that is half the value that it was last month and who-knows the value next month.

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Zimbabwe was doing just fine for 2 years, you know.

Tmac said:

ETH doesn't do a good job of explaining why it's a better mousetrap yet. BTC does a good job of explaining why it's better than fiat.

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The Ethereum devs do a great job of explaining how much more powerful Ethereum is than Bitcoin, hence why it has the biggest, most active development team. Bitcoin does a horrible job of explaining why it's better than fiat, which is why literally nothing has changed in the 13 years Bitcoin has been around. It took Ethereum's platform to create Aave, an actual replacement for a bank, while Bitcoin runs on fucking memes.

Tmac said:

If it's not easy for people to understand, it's not going to be easy for people to adopt.

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That's not how it works, though. You don't go around and tell people to read RFCs for the TCP/IP protocol, you have them use applications built on top of it which are much easier to understand. Ethereum has more tools in its toolbox for developers to create applications that are much easier to understand than Bitcoin ever will, using Aave is not rocket surgery, providing liquidity is a few button clicks. Massive crypto adoption is not even close to here yet, but the fantasy that Bitcoin can drive us there is exactly what's holding it back.

I’m gonna disagree on one thing as a casual player. AAVE isn’t easy to use for most people at all. That’s why I left to Nexo which is(hope I don’t regret)

I don’t deny you may be more well informed than me, but to play that “common dude” card which is what others are talking about….
I wanted to put 250$ in AAVE so I could learn, gain trust, see what it’s all about. By the time I figured out how to use it and get money in I paid a shitload in fees and ended up with about 160$ in some interest thing. Sure it worked but it wasn’t welcoming to me and I browse FoH daily, at youngish and work with computers.

I know you have 15 excuses on why that’s the case, eth gas fees, etc. but all I’m going to remember is a sour experience and confusion. I think that’s the point others are making. The technology may be cool as shit and powerful but if they can’t dumb it down, market it, make products on it that morons can use it will not catch! That’s not to say ETH won’t rise and it’s not going to be a money maker.

Ive been part of a lot of business ventures in my life and both lost and won to competition. And it was NEVER becomes someone just had a better/worse product. You are completely underestimating the marketing side of this. ETH needs a “spokesperson” that isn’t the dev team but someone pitching a service on ETH and stating why ETH made his awesome service possible.

Rangoth said:

AAVE isn’t easy to use for most people at all.

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The point here is that it's nearly impossible to do anything Aave does with Bitcoin. Where are you depositing your Bitcoin? Where are you getting loans against your Bitcoin? Are they decentralized like Ethereum applications are? You say it's too hard for the average user, but you figured it out, and it literally replaces your bank. What other service do you know of that replaces your bank, is it easy to use? Nexo is easy to use because it's just an online crypto bank, it's still a centralized financial service, the whole point is that they make financial services easier for you.

And still, we're early yet. You did all of this before smart contract wallets and it only cost you $90 in what was one of the most oppressive transaction fee regimes in crypto history.