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Originally Posted by indes
EDIT : Just wanted to add that aside from being the first coin, Bitcoin is completely useless and is a net negative for society.
ETH is right there with it, with its lagging transaction times and high gas fees. Hopefully speculation wanes out and the industry can be driven by utility and innovation.
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Agreed with the first part (BTC is a useless gold hedge), but disagree with the second.
ETH's biggest failure so far is not pushing PoS harder and meeting the expected Oct 2021 launch set in 2016.
Ethereum itself is however a massive runaway success. 200,000 token projects, dozens of sidechains/L2s, the backbone of the entire NFT (lol) ecosystem and acceptance on the same level as BTC.
ETH has incredible and at this point, near irreplaceable utility. It's just that most of the token movements have moved to L2s where you can migrate tokens cheaply. Using mainnet to transact is...unadvisable right now.