Stacks‘ Bitcoin maximalist founder Muneeb Ali said he doesn’t own any Ethereum since 2018 because it is losing against Bitcoin as money and as the major smart contract platform.
My reason for not holding any ETH for the 2018-2021 cycle:
(a) Bitcoin will win as money(b) Newer L1s will gain market share against Ethereum for smart contracts.
I think the reasoning remains true for coming years as well. Not downplaying developer traction etc of Ethereum.
— muneeb.btc (@muneeb) May 27, 2022
Ali started his thread by acknowledging Ethereum’s high developer traction and the contrarian nature of his investments. However, he said he was right to think so and pointed out that ETH lost value against BTC between 2018 and 2021.
Ethereum is fighting on two fronts
Ali argues ETH’s value loss is due to two different wars it is fighting on two different fronts.
ETH’s first war is about becoming a “sound money” that can behave as an inflation hedge. According to Ali, “sound money” i
We współpracy z: https://cryptoslate.com/stacks-founder-claims-bitcoin-will-win-over-eth/
