Ethereum, BSC, and the Race to the Bottom

104 Aufrufe

Danke für die Bewertung! Teile es mit Deinen Freunden!

Danke für Deine Bewertung!

Published Jul 27, 2021

Get my new Bitcoin book:
https://www.amazon.com/gp/product/B08RX8Q4ZQ

In this video, I discuss competition between smart contract networks like Ethereum and Binance Smart Chain (BSC), and how this makes it extremely difficult for their utility tokens to accrue value.

When gas fees get too high on Ethereum, developers and users move to other smart contract networks like BSC. The result is a race to the bottom, driven by a search for the lowest fees.

By contrast, Bitcoin doesn't have to compete in this horse race. It had an immaculate conception, has credible monetary policy going forward, and is not subject to the price-competitive dynamics of utility tokens.

Not investment advice! Consult a financial advisor.

Ethereum:
https://en.wikipedia.org/wiki/Ethereum

Binance:
https://en.wikipedia.org/wiki/Binance

Binance and BNB:
https://www.binance.com/en/bnb

An introduction to Binance Smart Chain (BSC):
https://academy.binance.com/en/articles/an-introduction-to-binance-smart-chain-bsc

Projects moving from Ethereum to BSC:
https://www.exodus.com/blog/ethereum-vs-binance-smart-chain/

Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99

Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Ethereum
#Bitcoin
#BSC

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.

Kategorien: ethereum Kryptowährung

Kommentare deaktiviert.

Anmelden

Ethereum, BSC, and the Race to the Bottom

Als nächstes