Bitcoin Vs. Ethereum: Which One Is Objectively Better?

One of these is less trash

What’s better: a diamond or a penny?

It depends on your needs. If you need to propose to your girlfriend, the former is obviously more valuable than the latter. On the other hand, if you are in dire need of cash, the latter is worth more at this particular moment.

For instance, you can’t use diamonds to pay for Taco Bell or groceries.

I learned that one the hard way.

This is pretty much how I like to look at Bitcoin vs. Ethereum. They’re both valuable, I think, but I’m not sure which one has better long-term value.

Let’s put this argument to rest, shall we?

Today I want to examine which is objectively better: Bitcoin or Ethereum.

The Ethereum Problem

Let’s start with Ethereum.

What does Ethereum promise?

Ethereum promises decentralized applications on distributed blockchain code that enables you to do more than just buy and sell digital money, but, additionally, foster an ecosystem for decentralized finance, NFTs, and the metaverse.

It’s all pretty fucking neat.

But Ethereum has a problem. A big problem. The big problem is that Ethereum, like the internet, will become a commodity for the ecosystem as it develops. Let me explain.

Ethereum is like the internet. It’s tantamount to baseline HTML internet code that allows websites to be built on top of it — but, as we’ve seen with the internet, the value it captures is far less than the actual applications.

Google, Microsoft, Facebook — these are all just applications built on top of the current internet framework. They have the real value. Just as one-day decentralized apps like Decentraland, Uniswap, and OpenSea will be how the mainstream interacts with crypto.

They’ll barely know what Ethereum is just as I barely know what HTML is.

Now, of course, Ethereum will capture tremendous value as the digital plumbing of the decentralized web but after a certain period, it will be invisible to the majority of us working in the shadows.

Moreover, what’s stopping projects like Solana, Avalanche, Polkadot, and Near Protocol from taking a piece of what it’s trying to achieve?

Bitcoin Does This Better Than Ethereum

So, what does Bitcoin promise?

Unlike Ethereum, Bitcoin is simple by design. It serves one purpose. Bitcoin is basically the best savings account that has ever existed protecting your purchasing power from inflation and bad economic policy thanks to scarcity (there will only be 21m bitcoins).

Recently, I’ve heard people call Bitcoin Boomer-tier obsolete tech from the last century. This is a good thing.

Bitcoin doesn’t try to reinvent the wheel.

It prioritizes security and decentralization above all and grants you an additional, and perhaps ultimate, method to preserve and grow your wealth.

That’s literally it.

Most cryptocurrencies are fucking useless and still have market caps of up to hundreds of millions of dollars.

Bitcoin isn’t one of those projects. It’s the antithesis of that.

Bitcoin Vs. Ethereum

These verses matchups rarely ever really work out— just look at Batman Vs. Superman or Freddy Vs. Jason.

Anyway, there has to be a winner.

Bitcoin.

Is not the winner. I choose Ethereum.

Bitcoin is basically basic internet code and Ethereum is Javascript. The internet was pretty boring without Javascript; it was static with no interactions. While Ethereum will also be that boring ass HTML code one day — it still has more value to capture right now.

However, I will add that the biggest mistake in my life was selling my Bitcoin too early. But I’ve come to realize the more times I’m wrong the more confident I get in my decisions. I’m a true inspiration to myself.

Final Thought

The question of which cryptocurrency is objectively better should be reconsidered: it all depends on your objective.

What does that mean? Since Ethereum and Bitcoin serve different purposes, they also have different weaknesses and strengths.

As many investors do, it might be best to have both in your portfolio. Bitcoin is your main girl and Ethereum gives you a little action on the side — or vice versa.

I’m not sure if Ethereum will ever flip Bitcoin, nor do I care.

Besides, deep down I’m really a Dogecoin guy anyway.

Ever since I was a child it was my dream to become a financial advisor. Unfortunately, it never came true. Therefore I am not a financial advisor and you should do your own research and not just listen to random people on the internet. Nothing contained in this publication should be construed as investment advice.