Reddit Posts
Investors appear to have completed the majority of their profit-taking from GBTC, and this could ease the downward pressure on the price of Bitcoin in the coming period, per JP Morgan. GLTA!!!
What benefits does Web3 event gives?
$MILBURN; your gateway to become filthy rich | Presale smashed | Launching on January 15th | Check them out now!
Will BTC approval be a stepping stone for supporting main stream commercial activity?
The narrative waves: 1."Close it down". 2."Already priced in". 3."Sell-the-news event" 4."Rug pull of a decade"
The greatest transfer of wealth in history is about to take place.
BlackRock Names JP Morgan As AP Despite CEO's Bitcoin Criticisms
Jamie Dimon said btc should be banned. Now his bank JP Morgan has been named as an ‘Authorised Participant’ on BlackRock’s ETF application.
Blackrock names Jane Street and JP Morgan as authorized participants for their spot BTC ETF
Stop giving your money to people who want to ban Bitcoin
Will anyone ever use Cardano, ETH, SOL, AVAX, etc for real applications?
Bitcoin's tipping point: JP Morgan and ETFs with public miner CleanSpark CEO Matthew Shultz
Mr Robot warned us about JP Morgan’s stance in Blackrock’s Spot Bitcoin ETF 👀
These are very strange times, JP Morgan shilling ETH, former BTC hater Blackrock's CEO to launch BTC ETF, banks to acquire crypto trading licences...
JP Morgan and Jamie Diamond are NOT bastions of truth in comparison to BTC as they claim to be... Here's why...
Good luck Mr. Dimon... We already know how this movie ends 🍿 📺
Crypto is for criminals? JPMorgan has been fined $39B and has its own token
There is a website that tracks the total fines and violations of JP Morgan
Jamie Dimon: I 'Regret' Calling Bitcoin a Fraud
Do You Think Futures Will Be the Best Crypto Game in Town Even After a Bitcoin Spot ETF?
JP Morgan Questions Bitcoin Spot ETF Market Excitement
I was looking into potential catalysts of the upswing
JP Morgan Predicts a 20% Hashrate Drop after Halving
While the crypto market is in a speculation state, institutions like JP Morgan are betting big.
How BlackRock Used Crypto To Complete Deal On JP Morgan’s Blockchain
Institutional investors - good or bad guys?
JP Morgan Crypto Lead: ‘99.9% of Conversations Are About Tokenized Assets, Not Crypto’ - Decrypt
6 years ago from today, the JP Morgan CEO said that Bitcoin is only used by "drug dealers and murderers" and he still does not believe in Crypto, yet we got mainstream adoption without him. We don‘t need institutions.
UK & EU Web3 Founders - Seeking Alternatives as JP Morgan Chase Tightens Restrictions
First they ignore you, then they laugh at you, then they fight you, then you win.
After the successful launch of Everest Gaming's exclusive token; $GGH is finally launching its own NFTs | New Collection | Up to 40% discount
Introducing $GGH Biggest Buy Competition | 15 bnb up for grabs | CMC & CG listed | Heavy marketing | Multiple Succesful projects from the dev
Exactly six years ago from today, the JP Morgan CEO said that Bitcoin is only used by "drug dealers and murderers" and he even today does not believe in Crypto, still we got mainstream adoption.
Bitcoin up 500% since JP Morgan CEO said it was ‘fraud’ and only used by ‘drug dealers and murderers’
XRP Under Threat After JP Morgan Released Blockchain-Based Token
JP Morgan contemplating a brand new blockchain-based settlement token
Private Blockchains - Big Players are using blockchain tech without coins
JP Morgan considering a new blockchain-based settlement token
Here comes my prediction what will happen to crypto in 2024
JP Morgan Predicts SEC Will Be Forced To Approve Bitcoin ETF
JP Morgan believes SEC will be forced to approve ETFs after losing case against Grayscale
"How does a Ponzi scheme with cryptocurrencies work?"
Basic Overview of the Cryptocurrency Market - 08/26/2023
Crypto during a recession has never happened before - untreaded waters and what it could mean.
It will suck if the 2024 Bitcoin Halving happens during a Recession
Remember JP Morgan’s “coin killer”……..well it’s probably a security
The next 365 days are different than the last 10 years.
Crypto Podcast #53 JP Baric - All You Need to Know about Bitcoin Mining
The necessary evil to mass adoption is crypto adoption by banks and the big institutions like JPMorgan
Fidelity & JP Morgan are betting big on retail adoption: Just look at who they're hiring
I just realized JPMorgan's CEO might be kinda slow or clearly biased to the max. In an interview, he said it is "totally untrue" that Bitcoin is scarce and "maybe it gets to 21 million & Satoshi's picture will come up and laugh at you and say na na". And by then "Satoshi would have taken billions"
It all adds up, not only we are bullish, institutions and companies are bullish, too (see new Reddit ToS)
Bitcoin Mining and Halving: JP Morgan's Concerns, Centralization Debate, and Regulatory Considerations - Daoox
All the big companies that were calling Crypto a "scam" are now suddenly adopting Crypto, but with their evil and centralised twist. All they want is Control and Power.
Bitcoin Miners Face 'Stress Test' in Next Halving: JP Morgan
Bandar Agen Resmi Togel Terbaik Terbesar Terpercaya Djarum4D
The recent remarks on Crypto and possible ETFs by the big financial giants are likely not just empty words. Even if for their own advantage, they will pump money in.
Crypto Adoption is Succeeding in the Corporate World
Why a big bullrun will come -or- Big institutional investors are rarely mistaken.
JP Morgan accidentally deletes evidence in multi-million record retention screwup
Just this year, JPMorgan CEO called crypto is a ‘hyped-up fraud’, a ‘waste of time’ and 'pet rock'. Yet we see JPMorgan launch a network with JPM Coin, which recently went live, that mimics real crypto but it's private and centralized. The issue is not crypto but about them having power and control
JP Morgan Activates Euro Payment Settlement With Its JPM Coin - Decrypt
I am worried about the Crypto market because JP Morgan thinks worst maybe over, in general. They said that in Feb 2022 too.
Seems like this whole operation was to just kill Crypto companies and make room for the incoming financial giants in Crypto, like BlackRock.
The dark side of Blackrock's spot Bitcoin ETF
[Serious] BIG - Wisdom Tree ($90 B), Invesco ($1.6 T), BlackRock ($10 T), Fidelity ($4.2 B) and Major Banks in the World. Everyone's eyeing Bitcoin and Entering into Market while SEC! deals with Binance and Coinbase, XRP-SEC! Coming to Conclusion. I Bet they Already Know what the Next move is.
BlackRock's CEO called Bitcoin an index of money laundering in late 2017. Less than 6 years later and BlackRock files for spot Bitcoin ETF.
JP Morgan analysts believe Hinman documents will spur altcoins to mimic Ethereum
BlackRock, JP Morgan set up ‘reconstruction bank’ for Ukraine
JP Morgan Weighs In On Hinman Documents • ProCoinNews.com
19 States accused JP Morgan on closing accounts on religious or political beliefs. This is exactly why anonymity and privacy is so important in crypto as a future of finance and potential TradFi and banking replacement/improvement, as well as the significance of decentralization
JP Morgan is like my imaginary girl friend
We should all remember that literally no company is “Too big to fail“, not even Binance or Coinbase. Don‘t bet too much on them.
Will Coinbase, Binance, and the others survive?
JP Morgan initiates a blockchain pilot with Indian banks
Your USD fiat account in Crypto Exchanges are not FDIC insured. I read the terms of service and prove to you why. Backed by sources
JP Morgan Files Patent for ChatGPT Finance Clone, IndexGPT - DeCrypt
AI That Gives Investment Advice? JP Morgan Working on ChatGPT Alternative
JP Morgan believes that Bitcoin price could hit $45k
For the "future of finance", Defi platforms in crypto have some pretty weird names. PancakeSwap? IceCreamSwap? But then again older generations probably thought the same thing about companies like "Apple", "Alphabet", "Walmart" etc
As Binance sadly leaves Canada, I will humbly present you with my opinion as to what direction the cryptocurrency market as a whole might possibly head in going forward.
TABOO Finalises Lucrative Deal Raising $10M at a $250M Valuation
PacWest down 57% in after market: Party no over boys
Mentions
This article talks about JP Morgan using all your banking info to sell you targeted advertisements. That's completely different from an airdrop.
tldr; Banks are increasingly using personal spending data to sell targeted advertising, as demonstrated by JP Morgan Chase's new initiative, Chase Media Solutions. This raises concerns about financial privacy, as there are no strong privacy laws to protect consumer data. Cryptocurrencies and technologies like Zero Knowledge Proofs could offer solutions, but challenges remain, including government actions against privacy tools in the crypto space. The article emphasizes the importance of protecting personal financial data in the digital age and calls for better privacy solutions and stronger laws. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Manufactured as in BlackRock had Barry Silbert step down as CEO of Grayscale. They put an ex JP Morgan executive in as CEO. They kept the fees 7.5x what the other etfs kept theirs. Now they are down hundreds of thousands of bitcoin. What's the point in collecting big fees on a small amount of bitcoin?
Like here’s another example. JP Morgan Chase Stock has take a 100% haircut from the DTCC for about a year. Somehow that hasn’t affected their price at all. This is because the heaviest holders of JPMC just didn’t feel like dumping the stock despite the haircut. This hopefully clarifies the importance of whale-behavior in price movement.
This time it is very different. The big banks learnt from their mistake. The borrowing rate is high. It is very unlikely people get a loan to buy houses like in 2008. Companies lay people off due to fear. And the internet broadcasts the entire process to you. So it will be the poor getting poorer and the rich like JP Morgan and Goldman Sachs will be richer.
#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.
Crypto coins are mainly a scam in the most proper sense (a ponzi scheme marketed as such, "we will change the world and more people will buy your coins, since obviously you don't even have a way of actually using those coins"). Ask anyone what can they do with their online tokens. Nothing :D If it's on an exchange, it's probably a scam. This said, blockchain as a whole has its niche use cases. If you are in the US there's a lot of space for it, Walmart, IBM, JP Morgan, etc etc all have their branches that work on some blockchain tech. If you are mainly front end, your destiny is to do the front for some guys with good marketing that studied how to generate a token for about 2 hours and are gonna try to scam some idiots. Some of those idiots will make money, tho. Anyway, crypto as an idea isn't a scam at all. Having the option of buying anonymously online is an huge asset. The problem is that's the same use case since 2012 or so. Besides blind speculation, obviously.
Did Epstein use Bitcoin? No he used JP Morgan Chase, americas biggest bank.
Hope Trump fires the attention seeking doom merchant JP
#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.
#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.
These banks are not the same banks one is "Republic First Bank" based in Philadelphia, while the other is "First Republic Bank" based in San Francisco. The San Francisco bank was acquired by JP Morgan when it collapsed in May of last year. Today: [https://www.myrepublicbank.com/](https://www.myrepublicbank.com/) Last Year: [https://www.firstrepublic.com/](https://www.firstrepublic.com/)
#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.
#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.
JP Morgan dont like competition. They want to keep their monopoly.
And have they also got Epstein's banker under arrest? JP Morgan has laundered more money than anyone....
> It's funny though that Ethereum infrastructure is run substantially by Infura, which is majority owned by JP Morgan, while Cardano infrastructure is run by a decentralised community. If you know how Ethereun is structured, you know that this is simply not true. Infura is just an RPC endpoint. Matter of fact, I can mount my wallet in Metamask and make it use one of my nodes as the RPC endpoint instead of Infura. The entire Ethereum network is run by stakers - primarily by solo stakers, individuals that bootstrapped the beacon chain when it switched from POW to POS. In contrast, ADA runs a DPOS variant because they didnt have as much research as Ethereum did. All Proof Of Stake that existed prior to ETH POS are done this way - DELEGATED POS (that's what the D stands for). It centralizes on the delegates much like the pools in mining. Sure, Ethereum now has custodial staking providers. This is primarily for participants that's got less that 32 ETH to stake. > Also Ethereum devs have openly declared that governance by the Ethereum community is impossible, Citation required. One would suspect that this is merely the opinions of a few. Governance is there, decisions are being made by the community on each EIP that goes through. It works and it exists. We see this on the daily. This is one of the reasons why everything on top of Ethereum works. It is also clearly the home of DeFi. The chain has no special "shutdown feature" once in a while because it is designed very well. World's best minds are working in Ethereum. > while in Cardano community governance is readying to launch. This is comparing something that exists and clearly working to something that's not even there... Yeah, let that sink in for a while. > It's almost like if you look at facts rather than narratives, your whole point is turned upside down. Sure, that's why ADA strive so hard to be that ETH killers that many pose as for years and I suspect will continue to do so for years to come, right?. Let's face it in a competition, you keep your eye on the one that's ahead. Not the ones that ate the dust behind you. ADA clearly had it's eyes on ETH for since it launched. That forced implementation of smart contracts even though smart contracts does not natively work with UTXO (Charles chosen addressing scheme for ADA --- wow!). This is BTW, the reason why EUTXO was created. That's a point per point rebuttal. I welcome any counter argument with the relevant proof.
Cant believe people still think those elites are not early in BTC. They have always been ahead of the retails. We have been misled since the early days of BTC. Just look how JP morgan and other elites calls BTC fraud
Russia seized $440 million from JP Morgan, plus it’s just going down after the halving hype
It's funny though that Ethereum infrastructure is run substantially by Infura, which is majority owned by JP Morgan, while Cardano infrastructure is run by a decentralised community. Also Ethereum devs have openly declared that governance by the Ethereum community is impossible, while in Cardano community governance is readying to launch. It's almost like if you look at facts rather than narratives, your whole point is turned upside down.
Isn't Japan already using Bitcoin? I'm buying it through JP Mercari.
I hear you and agree with you. I’m looking for a salient argument against it. I can get all the echo chamber bros repeating the same bullshit about scarcity, immutability, etc. I can listen to Jamie Dimond tell me that it is only good for criminals (seriously, JP Morgan has paid over 30 Billion dollars in fines for bad faith acts, like sex trafficking, mortgage violations). I don’t need more conformational bias. Let us know if you find what you are looking for.
I’ve been a big fan of AVAX for a while. They’re partnered with JP Morgan and Amazon. Was at $67 before the dump, I see it going to $125+
See it the same way as long term investment with Blue Chip stocks. Buy and hold. Bitcoins is digital gold and will stay so for many decades to come. Especially now with mega institutions getting late into the game, but with a lot of gun power. It’s my opinion that they will dominate the crypto market and push away retail investors like us. JP Morgan, Black Rock, Merrill Lynch, just to mention a few, finally realized that crypto was power to the ppl, so if they own it all, they will keep the control of the economy. And now China getting into it through HK with bitcoin ETF… as for me… I’ll HODL for ever. (This is my personal opinion, always consult with your registered FA or CPA for advice before doing anything)
JP Morgan is full of crap. They don’t know anything about bitcoin. When Bitcoin was at $60,000 about a month ago they said it was going to go down to $40,000. When that didn’t happen, they said it would correct to $48,000. When that didn’t happen, they now say it will correct downward after the halving. I guess if they bless us with their wisdom often enough they figure they will eventually be right. You probably read that on Coinbase. They’re a bunch of idiots as well. They’ll put any article on their website no matter what it says.
#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.
JP Morgan predicts price drop- so we can fade that. And last few halvings have seen bull yearly run-up. What are the chances both JPM issues a truthful statement AND previous history reverses course? What this means to me is that converting everything into BC immediately is safe / no steep short term drops like with recent bear run (where you would take a bloodbath every time you paid for something). Especially too because Fed will do anything to prop up things during this Election year. Semi-encouraging additionally is BRICS announcing they will settle in crypto- although it wouldn't surprise me if those rabid chimps screw up things with shitcoins and\or national e-coins. Biggest personal worry had been present administration declaring full war on crypto, but we've seemingly dodged that bullet- although they still have made things difficult- it'd be far easier & more lucrative on another passport elsewhere...as with gambling, day trading, banking.
My only concern in the long term is if banks would use xlm / xrp instead of making their own chain and having full control. Can’t remember what article it was but was it JP Morgan was in progress of making their own version of ETH to tokenise their assets? I think it’s a long standing narrative that Banks want to control whatever it is they use. I find it hard to believe that would willingly choose to use an ecosystem that is prone to changes due to validators power to vote for change and other things like only 60% of the supply is in open circulation. I find it much more plausible that they would just hire and build their own network by funding a few hundred million in developer acquisitions, when say the market cap of XRP is something like $25 billion.
Remember the time Jamie Dimon said BTC was a fraud and he would fire any one of his employees who purchased it. And then that weekend he was the largest buyer of bitcoin acquiring millions of dollars worth. Yeah I don’t listen to JP Morgan anymore…
> It takes in USD and issues loan guarantees against that USD in the form of USDT USDT isn't a guarantee to anything. Check your terms and conditions. >which can be redeemed at a discount There is no redemption mechanism. >the likelihood that more than 20-30% getting withdrawn "at once" is quite small. The likelihood is 0 since there's no redemption mechanism. What would be a "run" on Tether is too many people trying to sell Tether and it depegging faster than they can wash trade its price back up. >Tether is just JP Morgan, Digital Edition. That's not how banks work.
You know, in 10 years, all those same people will look back and see bitcoin and $10,000,000 and they will see how they were lied to by the likes of JP Morgan, and be PISSED.
It is because JP Morgan is creating Onyx to compete with the crypto space.
Back when JP Morgan was as young as Tether, you couldn't say that. Tether isn't even fully-grown yet.
JP Morgan is secured by the FDIC and is under the regulations of the SEC
The only thing i can thing of, is that the banks and thr likes of JP Morgan and Jamie Diamon have done a serious mind job on the public. Absoluty stupifying.
It's actually a more clever bid than that. Tether is a bank. It takes in USD and issues loan guarantees against that USD in the form of USDT, which can be redeemed at a discount. It then invests that USD for return. Some of which is in leveraged loans. It can reliably keep 20-30% around in cash for the same reason that fractional reserve banking works: the likelihood that more than 20-30% getting withdrawn "at once" is quite small. The rest, it can use for fun and profit. While the likelihood of a run is small, it is not zero. A legitimately serious run will kill Tether. No ifs, ands or buts. However, as it gets bigger and bigger, and crypto becomes more diversified, the likelihood of a run is smaller and smaller. Tether is just JP Morgan, Digital Edition.
JP Morgan doesn't like crypto, surprise. Except ethereum, hmmm I wonder why 🤔
JP Morgan is bearish on most stuff. I own a stock that they believe is worth half the price since over a year
JP Morgan was buying up Bitcoin while they were telling Americans and everyone else not to buy it back in 2019-2020. Scum is what they are
And in breaking news JP Morgan suck
JP Morgan is the Jim Cramer of Crypto, they were saying it was going lower when it was like 17k. Literally on the wrong side of the curve every single time
JP Morgan needs BTC and precious metals to remain under control. If it doesn’t, it undermines their foundation and everything they built for the last 50 years.
JP Morgan and their head CEO hate Bitcoin. They are so behind the dems in the political realm it’s sick. They of course take a. Negative positive on it. They want to rule the world and. Bitcoin takes away that ability. Just go read articles from him that go back a couple of months….it’s so obvious it’s scary. Should have let them bounce back in 2007 and 2009z
JP Morgan hates BTC but still wants to shake the little guy out of the mix. Shameless bastards.
This one CTO yesterday hit 1 mil and now pumping back #1 on dextools trending https://photon-sol.tinyastro.io/en/lp/Fnz5U2xk98p13evk3eZz8RALD3zFn3sx2JP2obZRBT6J?handle=224427d895f1b6262238c
Yea this is JP Morgan manipulating the price.
JP sells a ton. Price falls. JP buys 4 tons
Forget JP Bd Deutsche. Wells Fargo is run by super villians, I swear.
The very same JP Morgan that was publicly saying crypto was dead last year whilst secretly buying btc. These tossers will do anything to create fud and hold the price down as long as they can so they can buy as much as they can. Ignore the noise.
And then they heard that bitcoin was dead. again. JP shillin' like there's no tomorrow... wait what? There's no tomorrow? lemme buy moar!!
JP Morgan was wrong about Bitcoin the last 350 times, we should definitely start listening to them now
JP Morgan just wants to buy cheap.
JP Morgan Chase I fuck them in their face
JP always says the opposite of what they mean then buys the dip
Everyone know JP Morgan is the expert on bitcoin.
If bitcoin devalues when it’s halved that’s actually a good thing long term… Think about it… if it devalues that means you can buy more bitcoin cheaper and over time the price of bitcoin WILL increase above what it was before the halving and then continue to increase. Bitcoin (and I wish I had more money to invest) is a bigger chance of return than even the boomers got with housing investments. So hope that JP Morgan is right, then buy heaps of reduced price bitcoin and do not worry that your current bitcoin has (temporarily) devalued, as the value will increase almost exponentially…
Up yours JP Morgan, dirty crooks
Note to self, don’t believe anything JP Morgan says. They’ve been wrong about bitcoin since its inception.
JP Morgan is the Cramer of crypto. Just do the inverse.
The CEO of JP Morgan is anti BTC in interviews.
This JP Morgan fella sounds like a real ahole
JP Morgan and Jamie Dimon can suck our collective fat nuts.
JP Morgan aays drop, that's easy, just buy more.
Fucking JP Morgan, just manipulating the market to buy more at a lower price.
JP Morgan is on one today! Seething at the halving when the doors should stay poor and not have a chance!
JP Morgan owns one of the banks that was funding Jeffrey Epstein
Bitcoin ceo says “JP Morgan is a fraud”
JP Morgan are the most unethical pack of cunts on Wall St., I literally couldn’t give a fuck what they have to say.
So because JP Morgan says, it’s gonna happen?? I just see that as price go up, buy more….
JP Morgan wants to manipulate the market
I have more respect for Jim Cramer than JP Morgan
Isreal retaliated against Iran.... and then against JP Morgan..
This JP Morgan person is always such a buzz kill! Lol! /s
Bitcoin success is nothing but loss and failure for JP Morgan. They're going to nay-say it every chance they can.
As JP Morgan works alongside bitcoin ETF providers🤣 just doesn’t want you to win only the likes of his fav clients such as Epstein
Why do y'all continuously post these articles regarding JP Morgan? We all know they hate BTC, we know they are bearish on crytpo as a whole...who cares? stop posting these trash articles from trash sources expectations.
.....and MY REPORT says that JP and all the Morgans can collectively smooch my butt!!
Hell yeah! Now see JP Morgan says the same.... Where are the Bulls who were screaming about halving bull run???
#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.
#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.
#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.
#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.
#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.
#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.
JP Morgan Chase stock “crashed” Friday and no one is talking about that.
#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.
A lot less than USD by dollar amount and as a percentage of supply. Here’s an example with JP Morgan (and there are many more beyond this) https://www.asisonline.org/security-management-magazine/articles/2023/10/legal-report-october-2023/ And here’s an example with HSBC for an even greater amount https://www.investopedia.com/stock-analysis/2013/investing-news-for-jan-29-hsbcs-money-laundering-scandal-hbc-scbff-ing-cs-rbs0129.aspx#:~:text=In%202012%2C%20U.S.%20federal%20regulators,Norte%20del%20Valle%20drug%20cartels.
I'm serious dude. If Bitcoin goes dark do you think BlackRock, Fidelity, JP Morgan are going to stay in it? All you have to do to set this thing on fire is give a handful of politicians more ammunition to call it money laundering, terror financing and all the rest. But Rosco can't think beyond his grandpa's stories about how FDR tried to seize the gold in the 1930's.
#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > ​ > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > ​ > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > ​ > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > ​ > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.
>You could have JP Morgan coin, hosted on Amazon servers, and mined with the souls of kittens 🤣
“You could have JP Morgan coin, hosted on Amazon servers, and mined with the souls of kittens and degens would push it to a top 5 MC if they could make a buck.” Lol. Will always use this from now on.
JP Morgan said "Gold is money. Everything else is credit." https://www.investmentoffice.com/Observations/Macro_Observations/Gold_Is_Money_Everything_Else_Is_credit.html#:~:text=Why%3F,buy%20currencies%20rather%20than%20gold.
Only 1% of crypto is in it for the ethos, tech, the idealistic beliefs many came to crypto for. The other 99% just want to gamble and don't care. Crypto is a land of smoke and mirrors. You could have JP Morgan coin, hosted on Amazon servers, and mined with the souls of kittens and degens would push it to a top 5 MC if they could make a buck.
Damn you would have been a millionaire. You can become a millionaire just buying your every day needs though this app called social good for iPhones and android. In the app stores. I’ve been using it for order pick ups and shopping online at Costco , temu a bit , I really like to use the group on app through this app. It’s savings on top of savings and you get crypto back like a lot of it right now. Up to 1500 percent back on certain stores https://go.socialgood.inc/?adj_t=15iieywj&adj_deeplink_js=1&referralCode=JP5XCZ #boostsocialgoodprice