[microtherion]

What IS a "representative" cryptocurrency, then, if the #2 by market cap is not representative?

Would it be Bitcoin, used for such time-honored business as drug purchases and hiring contract killers? Would it be Tether, the fiat currency for people who think that central banks are excessively transparent?

The one extra element that Ethereum brings to the table is computationally much more powerful contracts, which makes it technically intriguing, but also adds another level of scammyness and incompetence to the enterprise.

[BTCOG]

Perpetuating myth and propaganda that even the US government doesn't say about Bitcoin, I see.

Did you pay attention to the recent Bloomberg article about cryptocurrencies being the best gaining asset class of 2020, or the article about the $2 trillion dollars worth of laundered money being done using traditional USD and banks? And how much money was laundered through Bitcoin again? A money that is very hard to hide. Bitcoin has smart contracting so it would appear you're just regurgitating things you've read rather than reaching into an in-dept knowledge on this subject.

[microtherion]

> cryptocurrencies being the best gaining asset class of 2020

And tulips were the best gaining asset class of 1636. The existence of speculation is not proof of the soundness of the underlying asset.

> trillion dollars worth of laundered money being done using traditional USD

The difference being that I have firsthand knowledge of honest economic activity being conducted with USD. I see practically zero evidence of cryptocurrencies being used in any honest economic activity, other than speculation.

> Bitcoin has smart contracting

Yes, but my understanding is that Ethereum can handle much more complex contracts.

[d3nj4l]

> Would it be Bitcoin, used for such time-honored business as drug purchases and hiring contract killers?

Well, at least it's used for business! Do people use eth for meatspace transactions, at all?