After years in this space...I am now a BTC/ETH maximalist (Both are important)

[chaoscoinz]

I've been in this space since 2014. I have always been a Bitcoin Maximalist.  Than 2017 happened, and it was hard not to chase altcoins.  After the hype died down, and the dust settled, I realized that there is room to be a BITCOIN/ETHEREUM Maximalist.  Every other project is a "me too," or a clone, or redundant, or vaporware.  The only two blockchains we need right now are Bitcoin and Ethereum...and we need BOTH! Not just Bitcoin anymore.

I love Bitcoin...LOVE it!  But when it really comes down to it, I use Ethereum in actual, practical use cases.  I recently bought something in USDC...which utilizes Ethereum.  Stablescoins, ICOs, IEOs, SEOs, Defi will be built on Ethereum.

I have fallen in love with Ethereum as hard as Bitcoin, and I see value in both.  Ethereum is extremely elegant, and may end up being more important in this space than Bitcoin one day.  It is the foundation of the Defi movement.

So there can be a category of people who consider themselves BTC/ETH Maximalists.

I most certainly consider myself one, as I think that Bitcoin was/is the first generation of cryptocurrency and blockchain technology. Ethereum is Bitcoin 2.0 or better said, the second generation of cryptocurrency and Blockchain technology.
  The third generation of Blockchain technology is EOS, another important coin that changed the industry once again.

[TravelMug]

I wouldn't call myself a ETH maximalist, but I have ETH holdings, not that big but enough to make money if it go on another 4 digit run like in 2018.

But it's very obvious that majority here are Bitcoin maximalist, been in the space for 2 years and I would say that investors/speculators/traders are really into bitcoin. Just look at the hate BCH and BSV gets from this community  .

[Dabs]

ETH is interesting, about the only major problem I have with it, is that I have tried running a full node before and couldn't get it to sync. I'm not sure if I try again if it could be done, maybe I need a computer with better specs, more space, more ram.

[serjent05]

I only see Bitcoin as worthy among the cryptocurrencies.  Most of them are just a copy cat or a scheme to take money from the unwary investors.  I do not hate ETH or any other altcoins, its that, I  look at them as pump and dump scheme.  

Not so far as maximalist in Ethereum but with Bitcoin I will do.

Yes, I also use Ethereum to save money. I don't want wasting too much bitcoin just for transaction fee. I want to keep more of it.
That is why when it comes to making transactions with other people I always use Ethereum to be sent to them.

If you really wanted to save from tx fee why not use cheaper altcoins such as Doge or XRP.  I believe you can save more from these two cheaper altcoins.

[pundit]

I agree to the thread stater. I personally prefer Ethereum blockchain to use because its too fast, transaction is done in no time. I like to hold ETH as there is lot of space for its growth. Although Bitcoin is still the king but importance of ETH blockchain cannot be ignored in cryptospace. Most of new projects are being launched on ERC20 network only. ETH is reliable cheap and fast. I think current ETH level is cheaper to buy at.

[Carlton Banks]

the only thing that i find likable about Ethereum is its initial idea in early days of having a decentralized machine for running smart contracts.

right, the potential for an idea like Ethereum was massive. Something designed for abstract tokens really should have got more attention from people using it as a marketplace for contracts, but Ethereum wasn't quite designed that way. I think that application can be made, but as a platform riding on top of Ethereum.

otherwise i don't find anything remotely interesting about the project itself. it is a centralized, mutable token that has only have one use case and that is to make the owners rich and be the breeding ground for thousands of scams.

yeah, all that potential, and the developers squandered it. To be fair, they were using a badly thought through design from day 1 anyway. I don't understand this whole hero-worship that got attached to Buterin's reputation, the amount of times the design was fundamentally changed (i.e. hard forked) in pretty significant ways only demonstrates that he was refining an unfinished train of thought for the first, pffff, 2-3 years of the platform's existence.

[rosezionjohn]

You are probably the first one I've seen who claims to be maximalist of both coins.

I understand your high interest in Defi though. Creating a decentralized finance is pretty ambitious and it's definitely a lot of work.
 

I agree to the thread stater. I personally prefer Ethereum blockchain to use because its too fast, transaction is done in no time. I like to hold ETH as there is lot of space for its growth. Although Bitcoin is still the king but importance of ETH blockchain cannot be ignored in cryptospace. Most of new projects are being launched on ERC20 network only. ETH is reliable cheap and fast. I think current ETH level is cheaper to buy at.

Ethereum is too fast, reliable, cheap? If you say those features on Eth, I don't know how you will describe transactions with Xrp, Doge, Ltc, Bnb.

[southafricadude]

Bitcoin yes, ETH no.


If you look critically at ETH, you cant help but wonder what the big deal is.
1. Its a pre-mine coin - Remember when that was a bad thing? When did that become acceptable to pre-mine a coin, that is what we used to call a scam coin. (12 million ETH were set aside for the developers, and 60 million ETH were premined for ICO participants to buy. There is 109mil ETH in circulation, so 72 million at launch is insane.)
2. Immutability / Decentralization - It is not right for one person to have so much control that they can decide to 'fix' a problem like a DAO hack with a rollback. If Vitalik says something, or something happens to him, it affects ETH and its price. You cannot argue that. Even a dumb tweet by him can affect the price.
3. Smart contracts - Bitcoin is doing more smart contracts than Ethereum with lightning network. If you look at the amount of smart contracts on Ethereum and how they are being used, its a joke. The only real use cases that have much traction seem to be gambling websites and ponzi schemes.
4. ICOs - In my opinion this is the killer app of Ethereum, but now, there are a host of other crypto currencies that can do these just as well, for cheaper.
5. Unlimited supply - Since there is no cap on the amount, it will never be scarce and will always inflate. Good luck if you ever try to change that.

[gentlemand]

I respect your decision but shouldn't you think on anything else rather 2 crypto as a max out?

You should extend your portfolio and diversify even further.
There are way more currencies that diserve a second chance.

Why? Almost all of them have achieved precisely fuck all and never will. That's not to say some of them won't some day rise enormously again but as actual propositions none of them have convinced anyone of a future beyond sitting on an exchange waiting for the occasional pump.

As for ETH, I think it's a guaranteed candidate for replacement by something that simply works in a way ETH never will. That's conditional on utility overtaking speculation which could be a very long way away.

[figmentofmyass]

Ethereum is extremely elegant, and may end up being more important in this space than Bitcoin one day.

in terms of scaling, it's not particularly elegant. i'm actually a big fan of a lot of ethereum's functionality but it's total bloatware. if sharding were viable from a decentralization standpoint and implemented from the get-go in 2015, i might have a different view, but the difficulty in running an ethereum node (even today) seems like an extremely big problem.

[fenican]

Is this the same ETH that was brought to its knees by volume from Crypto Kitties and fueled all those ICO scams that defrauded investors? And of course honorable mention to the designer deciding to roll back the block chain after a fraudulent transaction. Ouch. Had promise, but at this point I'll take a hard pass on it and stick with BTC. Ethereum, like essentially every other Alt coin that isn't a dollar peg, is going nowhere.

[maxreish]

You've chosen the two biggest coins in the crypto space. I would not disagree about your point. Seeing how far bitcoin is developing right now, it does makes sense. I never saw how altcoins season were acted last 2017 but I can see how some altcoins like Ethereum, BNB and other who has really giving an important use to the crypto community.

Being btc and eth maximalist is good as long as you also do not forget that other altcoins have also value not only when it comes to buying or getting profits but also with it's particular use.

[yazher]

No doubt about these two major cryptocurrencies, when the bearish market is done, we will see about the ETH price if it is really worth investing nowadays. but when it falls again like the last time, the odds are rare for its price to regain up to $400 again. right now, I put all my trust in bitcoins and wait for its price to recover again. what happening with ETH right now is unsure. whether the price will come back or not. you can say what you want but as you can see so far, only Bitcoin has the ability to make a comeback after a few weeks from now sometimes you only count a day.

[joinfree]

That's some great motivation @OP. Well i have also been in this industry for quite sometime now and the only blockchains i have ever got to trust is bitcoin and ethereum. Just as you said, the use cases of Ethereum far exceeds that of Bitcoin, i guess the reason why Bitcoin is still higher than Ethereum is most investors rather prefer investing into it more than Ethereum. Let's hope this PoS of Ethereum might bring us all some nice pump.

[iram3130]

Everyone who were experienced at the 2017 time have tried to ride the alt season but we all know what happened to that. Hopefully, it wont happen with ETH, because most of the tokens are already at bottom and we may never see them again.

[Betwrong]

You are probably the first one I've seen who claims to be maximalist of both coins.
~

To me OP is not the fist one claiming being a fan of both. Andreas M. Antonopoulos, while saying that Bitcoin blockchain is the most secure and the most decentralized around, and that Ethereum, quote, "doesn't compete with Bitcoin in that", is still a big fan of Ethereum. If I understand him correctly, he'd rather for testing innovations in crypto space on the Ethereum platform, instead of creating numerous shitcoins for that purpose.

[Shenzou]

I kinda agree with what the op is saying, for most of us before 2017 altcoins were just another shity copy of bitcoin, but after the hype we really kind grown fond of altcoins and especially ethereum, which for me after making researches about it found that it relay has a potential to grow and develop, sure it has problems but it excels at what is good at and that really shows from how all the other coins tried to imitate it and recreate the system that ethereum brought.

[Beparanf]

I kinda agree with what the op is saying, for most of us before 2017 altcoins were just another shity copy of bitcoin, but after the hype we really kind grown fond of altcoins and especially ethereum, which for me after making researches about it found that it relay has a potential to grow and develop, sure it has problems but it excels at what is good at and that really shows from how all the other coins tried to imitate it and recreate the system that ethereum brought.

Since we need to find other resorts that might give us earning despite of the current status of the market. As altcoins were not that as expensive now,I prefer to earn thru trading with altcoins, hold my BTC and maximize having ETH and XRP at these days while trying to earn also from them. We can earn thru alt like how BTC gives before as long as we understand the charts.

[Asmonist]

I definitely agree with that. I only buy btc and eth so far. I think they are really the most reliable cryptos. Besides, I want to focus on these two coins rather having many other coins. Its so hard to monitor. With only two coins I can manage it well aside from the fact that I still have my whole day regular job. Its really amazing how btc and eth had become this far, especially btc. And I'm so proud to have chosen them as my crypto coins now.

[Wintersoldier]

I definitely agree with that. I only buy btc and eth so far. I think they are really the most reliable cryptos. Besides, I want to focus on these two coins rather having many other coins. Its so hard to monitor. With only two coins I can manage it well aside from the fact that I still have my whole day regular job. Its really amazing how btc and eth had become this far, especially btc. And I'm so proud to have chosen them as my crypto coins now.

If this is the case, you could still use the other cryptocurrency aside from bitcoin and ethereum. Just try to maximize the potential of other cryptocurrency and to help them grow as bitcoin and ethereum does from time to time. I am using XRP to pay small unit transaction which I find efficient especially if I am withdrawing in exchange, I always take advantage of the low market transaction fees that it has. Then buy and invest in bitcoin and ethereum for profit.