Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12837
Markets: 99741
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
The Coin Rise 2025-02-10 10:52:28

Ethereum vs. Bitcoin: Justin Drake Declares BTC ‘Cooked,’ Sparks Industry Debate

Ethereum vs. Bitcoin: Justin Drake Declares BTC ‘Cooked,’ Sparks Industry Debate

Ethereum Foundation researcher Justin Drake has reignited the longstanding rivalry between Ethereum and Bitcoin, arguing that Bitcoin’s security model is unsustainable as it approaches its 21 million supply cap. In contrast, he believes Ether (ETH) will soon become “ultra sound” money due to decreasing issuance and increasing burns. Security Risks In a February 5 X post, Drake pointed out that Bitcoin’s supply grows at 0.83% per year, which is “66% faster than ETH.” He warned that Bitcoin’s fixed supply model could lead to long-term security vulnerabilities, as miners rely predominantly on block rewards rather than network fees. He claimed that Bitcoin could be susceptible to a 51% attack at a cost of roughly $10 billion and access to 10 gigawatts of power, describing the scenario as “peanuts for nation-states.” Ethereum educator Anthony Sassano echoed Drake’s concerns, stating that Bitcoin proponents fail to see the looming threat. Drake contrasted Bitcoin’s growth with Ethereum’s post-Merge deflationary model, noting that Bitcoin added 657,000 BTC to its supply since the 2024 Dencun upgrade , while Ethereum’s supply increased by just 469,000 ETH during the same period. Bitcoin Community Pushes Back Despite the warnings, some analysts defended Bitcoin’s long-term sustainability. James Check, an analyst, argued that critics overlook advancements in energy sources, mining efficiency, and economic incentives. Check explained that high fees, similar to costs for securely storing gold, would eventually sustain Bitcoin’s operational expenses. He emphasized that bankrupt miners selling ASIC rigs at lower prices allow new players to enter, maintaining the network’s security. The analyst also highlighted Bitcoin’s role in stabilizing energy grids through demand response, reducing maintenance costs for grid operators. He suggested that some grids may find it efficient to mine Bitcoin even at a loss. “Justin [Drake] is claiming that plugging in and running a small country’s worth of power is a cheap and easy exercise,” said Check. “One cannot begin to quantify how unserious this claim is.” Drake acknowledged that Ethereum has its own challenges , including systemic risks from liquid staking platforms like Lido and excessive staking incentives that compromise ETH as pristine collateral. He proposed a “Croissant Issuance” model to stabilize supply, which would cap annual issuance at 1% and drop it to zero once 50% of ETH is staked. The post Ethereum vs. Bitcoin: Justin Drake Declares BTC ‘Cooked,’ Sparks Industry Debate appeared first on TheCoinrise.com .

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
360
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.