A former hedge fund manager, Mike Novogratz, recently took to Twitter to call for a truce between the Bitcoin and Ethereum communities. It comes after Engaged value investor Mike Alfred tweeted a reminder that fundamentals should trump everything else, including short-term fads and opinions from children.
Novogratz stated in his tweet that he doesn’t understand why so many crypto advocates prefer an either/or proposition. He believes that both Bitcoin and Ethereum have huge communities that believe in their future and are willing to store a bunch of their wealth in them. He called for everyone to “make love, not war.”
However, other community members were quick to weigh in on Novogratz’s tweet. One said that much of their rivalry is a trojan horse-esque narrative battle to slow adoption and mock the idea of what digital scarcity can do for society. They suggested that dividing and conquering would be a better strategy for a central bank than banning Bitcoin outright.
Another community member responded by accusing Novogratz of being involved in the premise of Ethereum and suggesting that Bitcoiners will finish what they started. Others compared the BTC/ETH rivalry to the heated discussions of which gaming console is the best.
Even though there are varying viewpoints, many individuals involved in the cryptocurrency community acknowledge Bitcoin and Ethereum as prominent players in the industry. Some assert that BTC is a more dependable store of value, whereas Ethereum is regarded as the internet’s currency.
Meanwhile, others remain optimistic about the progress and development occurring on the Ethereum network. Regardless of which stance one takes in this ongoing debate, it is evident that the Bitcoin versus Ethereum competition will persist.
Bitcoin For Financial Inclusion In Africa
Meanwhile, Jack Dorsey, CEO of Block, an American multinational technology conglomerate, and other top executives attended the first Africa Bitcoin Conference in Accra to discuss the potential of BTC as an alternative to the continent’s financial system, according to a report.
While many have dismissed BTC as a complex toy or a vehicle for criminals, proponents argue that it can provide a lifeline for the unbanked in countries where national currencies are unstable, access to banks is limited, and cross-border payments are expensive.
Companies like Paxful and TBD at Block believe that Bitcoin’s decentralized nature could eliminate intermediaries, allowing people to send digital payments directly to one another.
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