KaleidoJack
Junior Member
- Nov 21, 2020
- 165
- 101
btw, I just realized something about Ethereum's dominance. It's not easy, if it is even currently possible, to transfer your tokens and NFTs from the Ethereum blockchain to a different blockchain. So gas fees killed in away Ethereum, because they halted trade, but since transferring, say, a CryptoPunk to a different blockchain is not possible, all those billions of USD are stuck there and Ethereum is in practice just experiencing a kind of comma, as users patiently wait for the ETH 2.0 merger to reignite trade.
The ETH 2.0 merger is planned for October 2021. From what I've read, I doubt that we'll see interoperability between blockchains until then. Here's some of Hoskinson's thoughts on this:
Source: https://www.forbes.com/sites/steven...lutions-in-crypto-and--blockchain-technology/
If we remember that some hipsters already bought NFTs on Ethereum for several million US dollars, it's easy to see that Ethereum won't go down without a fight. Especially if it will take "three to five years" to make transfers of assets between blockchains possible.
In conclusion: no wonder sentiments for Ethereum are high even when it doesn't work for 90% of the population. Too much capital is already stuck there.
This also means that capital won't easily flow from ETH to BNB as I suggested above. More likely, in the near- to mid-term, BNB will grow independently of whatever happens with ETH and its corresponding collection of cryptopunk "art".
The ETH 2.0 merger is planned for October 2021. From what I've read, I doubt that we'll see interoperability between blockchains until then. Here's some of Hoskinson's thoughts on this:
Source: https://www.forbes.com/sites/steven...lutions-in-crypto-and--blockchain-technology/
If we remember that some hipsters already bought NFTs on Ethereum for several million US dollars, it's easy to see that Ethereum won't go down without a fight. Especially if it will take "three to five years" to make transfers of assets between blockchains possible.
In conclusion: no wonder sentiments for Ethereum are high even when it doesn't work for 90% of the population. Too much capital is already stuck there.
This also means that capital won't easily flow from ETH to BNB as I suggested above. More likely, in the near- to mid-term, BNB will grow independently of whatever happens with ETH and its corresponding collection of cryptopunk "art".
