Justin Bons has seriously been pumping ETH. His fund must be getting hit hard because ETH is his top holding. But there is no way ETH is better for payments than BCH.
The fees are much higher on ETH than BCH at times. Not to mention their chain size is ballooning while we've taken measures to reduce the impact on ours (Schnoor sigs)
I think it's also important to note that ETH is the chain that hundreds of tokens piggy back on as their main backbone. Can BCH do this better with SLP tokens?
ETH is incredible, and seems if they get ETH 2.0 actually working it could be huge. Then again I've been hearing about ETH switching to PoS for many years.
ETH is focused on Defi. and it remains to be seen if that will even work because they had major issues on the price collapse. BCH is already way ahead in the payments game.
If BCH doubled to 42 million, BTC chump camp would be all over that. But nobody says anything about ETH doing it. That 1400 it ran to, is now only 700. That's killer.
That's exactly it. That's why I say it's an investment crypto. You can have DeFi without actual investors to boost ETH price. Kind of boring, but it could pay off.
Could argue that it's good since all of them need to purchase ETH for gas. But if the token isn't "money" and inflates at 10% a year, DeFi seems could be use and ETH not go up in price