me trying to explain to ethereum proponents that Base is parasitic for $ETH and brian armstrong is not their friend | Bitcoin Research on Binance Square

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me trying to explain to ethereum proponents that Base is parasitic for $ETH and brian armstrong is not their friend

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The danger for Republicans embracing crypto is that it opens the door for Democrats to position themselves as the Bitcoin purists, which is the correct position.

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y'all ready to admit Gensler was closer to the correct crypto regulatory environment or what

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Bitcoin users revolted when Coinbase backed multiple hard fork attempts to hijack the network for its own gain. Ethereum users are watching Coinbase push everyone to Base, capture the ETH-denominated fees, and respond by politely asking them to say “Built on Ethereum” more often.

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There is no way to guarantee that all custodians aren’t creating paper bitcoin out of thin air. But you can at least protect yourself from potential financial loss in a situation where fractional reserve bitcoin is exposed by taking custody of your own coins. And when you protect yourself, you also help make the Bitcoin network stronger as a whole.

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Bitcoin is long-term savings. Crypto is short-term gambling. They're not the same; they're polar opposites.

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