Quote: (10-14-2018 12:02 PM)Genghis Khan Wrote:
Quote: (10-14-2018 10:16 AM)redbeard Wrote:
Fake news - ETH transaction count is inflated due to the millions of low-value dApp transactions.
"low-value"
Unless you can prove the larger ETH transaction count is due to zero-value transactions, the point stands.
Ethereum is used more than Bitcoin. I'm willing to reconsider if you can make a solid argument as to why most ETH transactions should be discounted.
Quote:Quote:
Avg. Transaction Value:
BTC: $21,000
ETH: $439
Do average values mean much unless they represent a normal distribution? Think about the simple case of 1 billionaire jacking up the average net worth of 100 people).
Regardless, assuming it is a normal distribution, what's the argument being made here with average transaction value? People send more $ per transaction through BTC than ETH? Great...and?
As an analogy:
A Ferrari costs more than a Toyota, but there are more Toyota vehicles on the road. So Toyota is more "used".
Toyota Motor Corporation's marketcap incidentally is also much higher than Ferrari N.V.'s.
So I'm not convinced transaction value means anything in regards to crypto marketcap or total user adoption/usage.
Do you even math?
We can use the median transaction value if that's easier.
https://bitinfocharts.com/comparison/med...th.html#3m
BTC: $314
ETH: $0.025
Hmmm. Strange. Why is this so low, if people are "using ETH?"
The answer is simple - ETH tx count is inflated by 0 ETH smart contract transactions. Take a look inside any block and you'll see a laundry list of:
0 ETH
0 ETH
0 ETH
No one is using ETH as money, or else the tx value would be higher.
From there, the rest of your post misses one major point: money is winner-takes-all. Under a gold standard, silver is useless. No matter how much people "use" altcoins, all money will flow back to gold - aka Bitcoin.