RE: People are still talking about 'Etherum Killers'
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Just because Bitcoin and Ethereum are having trouble scaling doesn't mean some shiny new project is going to suddenly pop up and eat the lunch of the big dogs.
Well, Bitcoin no but nothing that Eth actually does is proprietary unless I am mistaken. The metaverse for example, is not a proprietary concept and Decentraland, an ERC-20 ecosystem is looking pretty now but in the long haul, I wouldn't be surprised if they were beat to the punch by a shiny new protocol.
I think Devs, miners and others are often out of touch, hypnotized with their creations but it is the larger public (and their sheepish behaviour) who will break the tie in any Windows 95 type of situation.
In this sense, I think Hive as a content creation hub is incredibly powerful because less tech inclined people like me have learned to trust it over the years. Etherium, aside from being a rich people's game is unnatractive to me in that I have no idea what it's for, and when I do realize, it's because their non proprietary toys have trickld down like BSC or Polygon as you said.
The monarchy was taken down by public opinion, especially with the french revolution and if the Eth Kabal doesn't start pulling some PR stunts soon, new blood is going to be coding what's up.
Don't forget, humans make babies very fast.
Is Eth the future of POS (something that they haven't even been able to pull off despite it being a clear goal), I'm 50, 50.
I agree with pretty much everything you said except the bit right at the start.
Bitcoin is the ultimate example of a stagnant code base that doesn't do anything.
Every new iteration was designed to be a better version of the first chain.
The only thing Bitcoin has is the highest hashrate.
Thus they have the highest security, but only in theory.
When it comes to mining, security is measured via power and time.
How much power would it take to reverse the chain back to a certain time?
On any POW chain one can simply wait a longer time and get the same security as BTC.
So there really is zero advantage to paying the higher fee and using BTC.
A coin like Monero is superior to BTC in every way (due to exponentially increased privacy).
About the technology you know better than I do, thank you for explaining. I meant to say that it most probably will remain a very prized crypto, come what may and it has mostly to do with branding. Gold has had constant reminders of it's value through jewlery and gold teeth in the old days and Bitcoin has maximalists to preach its gospel.
In the same way Bitcoin will need to get hacked pretty bad to loose its status. Contrarly to Etherium it ha been doing what people expect it to, which, in all fairness, is pretty straight forward. Can we say first mover advantage?
Yeah the first move advantage is still very strong.
Will be interesting to see when this fades away.