Culture wars

Preface: I am biased towards bitcoin (in all decisions I make) and below are things that make me wonder about future directions. BTC has always been a slow moving juggernaut in the interest of not breaking things; whilst ETH is playful child that is slowly showing signs of growing up even though its in its dna to change now fix later. Herein, I am discovering the dichotomy in my thoughts that hopefully help you in your product designs.

ETH has a huge lead in the race from perspective of gamification, liquidity pool of X different assets (including Wrapped-BTC which is basically IOU of BTC sitting on ETH blockchain), culture - e.g. NFTs, and TAM (total addressable market) - via use cases.

Where ETH lacking is in technical stability, maturity of their leads & sound deliverable timelines.

Will it out perform BTC? Potentially yes as long as it can show the TAM is close to infinite, continue to build on its culture initiatives, its products are of good quality (memes are fun but they are not what preserves or build your wealth over long-term), and can stick to or advance its core deliverable timelines.

In my opinion both, BTC & ETH have achieved general acceptance by investment community (albeit many investors are "kids" like me) of price volatility through meme enabled narratives...but give these kids 10+ years and slowly there will be increased noise of boredom from traditional finance's 2% return per year offerings. Moreover, the gamification is beginning to make us accept winning/losing is fine as long as its fast..... essentially crowd needs to be entertained; and as we have noticed entertainment rarely dies, it just morphs.

musings:

One of the AAVE leads inadvertently admitted to have an institutional pool for testing purposes. AAVE, is a pretty good example of products needed. However, its also an example of products that are a threat to the traditional finance business models (YFI is another - for the moment ignore the price of it; that has some crypto-culture history to it).

Huge shorts are being built on ETH...longs have deleveraged a lot....short squeeze do-able? Its been done many times on BTC so why not on ETH.

BTC's DeFi bet via Sovryn (A. Pompliano & co invested into it couple of months back) is also having NFTs platform being built now.....so wonder if the culture wars will start between the BTC & ETH worlds