Greg Dermond
1 min readMay 18, 2022

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Igor - the main difference in the forks has to do with the fact that the market determined which bitcoin the world wanted. And that is bitcoin today.

Ethereum's hard fork was based on developers getting back the stolen coins from the DAO hack. In addition, it changes its underlying protocol over and over again but not on a consensus basis.

Bitcoin has survived Silk Road, Mt Goxx, nation-state attacks, and much more. The decentralized, digital currency isn’t going anywhere. Bitcoin is the most resilient technology in the world and it is backed by the strongest computer network that has ever been created.

The scarcity was set in stone back in 2009 and not changed. Digital scarcity is a one-time invention!

You cannot say that about Ethereum.

In terms of dominance, Eth has more coins designed to work in a different matter. It's comparing apples to oranges.

I think both bitcoin and ethereum will coexist in the future and I am cheering on what I hope ethereum becomes but to say that it will be equal to or better than bitcoin as a store of value is...well, on the ridiculous side.

Bitcoin is the future of money. Lightning⚡️ is the future of payments.

The free market eventually figures out the truth.

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Greg Dermond
Greg Dermond

Written by Greg Dermond

Multi-passionate Sales, Marketing, & Business Life-learner |MBA, MST| Author of E-book “Ultimate Question Guide.” Views expressed are my own.

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