Ah, the venerable CIO of Europe‘s eldest crypto crucible and a certain oracle swathed in blockchain lore have joined forces to pen an elegy for Bitcoin (BTC)—that grand, lumbering titan of digital gold. Yet, as ETH/BTC performs with all the grace of a caffeinated tortoise, Crypto X remains entangled in a Sisyphean quest: which token truly wears the crown of Store of Value (SoV)? 🍿
Bitcoin’s Security Budget: A Tragicomic Countdown
Bitcoin’s architecture, this colossal proof-of-work behemoth, apparently harbors the subtle charm of a Rube Goldberg contraption—too expensive to frolic, yet too cheap to defend itself. Justin Bons, crypto veteran and CIO of CyberCapital VC, muses in tones both dire and delightfully blunt:
BTC cannot succeed; it is either useless or never used:
High fees price out all use cases, rendering it useless!
Low fees threaten the security budget & are a consequence of no usage…
BTC is between a pet rock & a hard place with no hope for change; no capacity = no future!
— Justin Bons (@Justin_Bons) April 19, 2025
So, dear reader, Bitcoin teeters helplessly between “ouch-my-wallet” fees and the existential dread of a security budget starving on crumbs. This isn’t a fix-it-yourself flat tire; it’s a riddle wrapped in a cryptographic conundrum.
BTC is between a pet rock & a hard place with no hope for change; no capacity = no future!
Pseudonymous sage @WazzCrypto tosses fuel on this smoldering pyre, forecasting a sobering cliff dive:
FUN FACT: Bitcoin security model is 4 years away from going bust
Can’t sustain a PoW system backed by billions of dollars in miner security with simply “hopes and dreams”
— Wazz (@WazzCrypto) April 18, 2025
After the next halving in 2028, miners might as well pack their pickaxes and cash out, leaving the network with the cryptographic equivalent of an empty icebox. 🧊
ETH versus BTC: The Store of Value Smackdown
The Bitcoin mining model is a slowly ticking clock toward irrelevance, the experts agree. Yet, in the blue corner of eco-conscious enthusiasts, Ethereum struts with its proof-of-stake glamour, tweeting boasts of lower emissions and dApp playgrounds:
ETH is a superior SOV to BTC. Lower emissions. Environmentally friendly. Plus Ethereum is a global computing platform on top of which the world will build decentralized applications to power multiple verticals, including DeFi.
It loses to BTC on price performance…
— pray.eth (🦙,🦙) (@pray_eth) April 17, 2025
Meanwhile, in a plot twist worthy of a blockchain soap opera, FRAX founder Sam Kazemian concedes that Ethereum effectively ended its SoV charade upon embracing proof-of-stake and the enigmatic EIP 1559. So, while Bitcoin limps, Ethereum pirouettes—but is it the storybook hero or the tragic jester? Only time (and Twitter) will tell. 🕰️
Read More
- SPEC PREDICTION. SPEC cryptocurrency
- SOLV PREDICTION. SOLV cryptocurrency
- Scandal! POPCAT Rockets 15% as Smart Money Chases the Elusive $0.70—Fortune Awaits?
- AI Decentralized Apps: The New Web3 Royalty, DeFi and Gaming Beware!
- USD PHP PREDICTION
- TURBO PREDICTION. TURBO cryptocurrency
- Silver Rate Forecast
- US Govt Seriously Considering XRP? Crypto World Is Buzzing! 🤑
- Steve Eisman’s Market Musings: Volatility, Politics, and AI Shenanigans! 🤹♂️
- DOT PREDICTION. DOT cryptocurrency
2025-04-19 14:24