The son of the current President recently recommended adding Ethereum to people's balance sheets on Twitter, which is surprising given Ethereum's dominant use case as a platform for issuing other assets. Bitcoiners have long predicted that other cheaper and more centralized networks would eventually render Ethereum obsolete, and this is now being observed with Solana gaining traction and activity from Ethereum. The fact that the President's son is endorsing Ethereum suggests that the Trump family is merely focused on opportunities for financial gain rather than being true believers in Bitcoin. This reality highlights the profitability of "shitcoining," and it is a reminder that people generally act in accordance with their incentives. It is unlikely that there will be a grand spiritual awakening towards Bitcoin in government; rather, we can expect the same incentives to play out on a larger scale. This outcome was somewhat predicted, as Bitcoiners were cautioned about the potential consequences of involving the government in cryptocurrency.
Content Editor ( bitcoinmagazine.com )
- 2025-02-05
They Didn't Take The Orange Pill, They Threw It Out
