this post was submitted on 28 Jun 2023
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ethfinance
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Thanks for creating a weekly. I posted earlier about the ratio in a standalone post because there was no daily available. Happy to hear reactions here instead!
The ratio, in a sense is a way for us ethereum folks to cope with the constant abuse we have endured from btc maxis.
The day the ratio flips is the day we kinda proved that we were 'right' and they were wrong about us. It proves that ethereum is no longer a shitcoin
I for one understand why this sentiment surfaced, but I do agree that at a certain point we shouldn't care anymore
I dgaf about the ratio and tbh it's kind of cringy and silly that ethfinanciers focus on it as much as they do. Bitcoin could go to $1,000,000 and the ratio drop like a rock, ... , and I wouldn't care. I'd be happy for everybody holding bitcoin. What bitcoin does or is doesn't influence why I'm invested in and using Ethereum/ETH.
At this point now, I agree with what you say. I had a different perspective when I started in 2016 though, mostly because of the constant FUD I had to face when talking with militant BTC maxis.
At this point, I think there's nothing much left besides slow adoption that will make Ethereum thrive. It is now a matter of when, not if