ETH in 2022 looks a lot like BTC in 2017

on

I am surprised more people haven’t mentioned the similarities between BTC then and ETH now:

  1. High fees degrading user experience and creating an opportunity for competitors

  2. A scaling solution which is always on the horizon.

  3. Massive speculation which exacerbates #1, by driving up fees further

  4. Threat if a fork (admittedly unlikely)

The only thing missing is censorship.

Edit: fixed a typo.

submitted by /u/Sugarbird676
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source https://www.reddit.com/r/btc/comments/wtg0rg/eth_in_2022_looks_a_lot_like_btc_in_2017/

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