"since the ERC-20 token is so simple.......... as many Elmer Fudders have been stating they fail to recognize the genius in its simplicity.
How so many of you Elmer Fudders ask?
Well when you have a Token that uses BitCoin Core as its base and wrapped in ETH, what does that mean? That means that your byte size of the smart contract when coding in solidity will not be that big, thus the size amount of 21MM ERC-20 tokens with 8 Decimals ensures the byte size will always be cut down to minimum, thus allows users to send large amounts of EBTC 1MM - 20MM EBTC just buy using at most .05ETH or $15USD!!!!!
And since Ethereum is moving toward staking rather than continue mining, that ensures the GAS prices will always stay low!!!!
Now try that with BTC and see how much money you will have to pay just to send 1MM - 20MM BTC?
For an example, I urge all to visit the youtube link below and you will see that BTC transaction costs are freaking expensive!!!!
In the video, there is a female promoter, pumping and promoting ETHConnect and other MLM sites but that is not the point, what I want you to pay attention too is the price she has to pay just to send .2BTC from JAXX wallet and Blockchain wallet.
In order for her to send .2BTC, she either has pay $65USD by using JAXX wallet or $15USD using the Blockchain Wallet and that is for just .2BTC!!!!
You know what is funny, even at that rate, banks still win against BTC because the cost for transfer is just to high, because I know for sure, I can go to the bank and transfer $1200USD to another person at another bank for about $3 and if you transfer that money to another person at the same bank which you bank at its FREE!!!!
With these prices, you tell me how BTC will be competitive with Banks? Especially when BTC doesn't have any banking/financial products!!!!!!
Not one FUDDER can answer that either and you want to know why? because they have not thought of that and they haven't written code for the banking industry nor worked in it so they don't know how it works!!!!!!!!!
But I have and that is why I am excited when I heard about the EBTC project because it put the best of both worlds together, thus allowing vendors and merchants to easily accept BTC on their DAPPs for very low transaction costs.
The low transaction costs will help the Blockchain cryptocurrencies survive and become competitive, this is what the banks really fear and don't want, which is why they came up with Stellar Lumens and Ripple!!!!
Enjoy the video YouTube video below:
https://www.youtube.com/watch?v=vTtkf-BoqaY "
