[aaronwalker]

Both. There are ongoing developments in Decentralized Finance and Identity Networks on Ethereum that are reinventing more parts of the current financial system, as well as the shift to proof-of-stake that is making Ethereum more scalable and efficient.

I focus on Ethereum just because it's the center of innovation in crypto nowadays. Bitcoin has only incrementally changed its software throughout the years and only gains more use as a store-of-value as demand for it increases (hype cycle). After a bull market run it generally takes 5-10 years to reach its peak again.

[kilovoltaire]

> After a bull market run it generally takes 5-10 years to reach its peak again.

Bitcoin has only existed for 14 years—seems a bit early to generalize anything based on the two times it has peaked and crashed so far.

[aaronwalker]

You're right, my generalization is too early. It is based on crypto's correlation with the overall stock market since it is seen as an investment, which has always returned positive over a 15 year period. But this is more speculation than anything else.

[corv]

There's been more than two peaks and troughs, I would disagree with the numbers presented

[TheDudeMan]

Ethereum is not decentralized. Decentralization is the most important thing in a blockchain. The sooner everyone realizes that, the sooner we can start building momentum on the chains that are viable.

[Nursie]

Bitcoin is not decentralised, a couple of pools account for the majority of hashpower.

[TimJRobinson]

Based on what?

On almost every dimension Ethereum looks like the most decentralized network out there: Most nodes, most validators, most distribution of validators, most clients, most development teams, ease of making your own block.

[aaronwalker]

What is your definition of decentralization? What is it based on?