The most common comparison on the market is between Ethereum’s native cryptocurrencies, Bitcoin (BTC) and Ethher (ETH). Both are the best known, the greatest value, and create the perception that they compete directly.
For Eric Jackson, an investor and founder of EMJ Capital, this is “the biggest mistake people make at ETH,” and “I believe they are in competition with BTC when they are actually replacing the internet.
In his opinion, ETH is not trying to “make better money,” but “building new digital infrastructure online for data movement, value and identity.” Additionally, he says:
“In five years, I will not be able to “connect to the internet.” Without knowing this, you will access the network driven by Ethereum. The bank will be restructured as an intelligent contract. Login?
Eric Jackson, investor and founder of EMJ Capital Firm.
In simplest terms, Jackson imagines a future where users navigate Ethereum-based networks. On top of that, Explain the scenario ofEtherification“From the world of finance where banks become intelligent contractssessions are insured with chain identity and applications run Roll up (This is a tool used to quickly and economically handle multiple transactions outside the main network, as explained by Cryptonotics.)
Jackson also says that Ethereum will be Backend (The Technical Foundation of Spanish) Sectors in sectors such as Artificial Intelligence (AI), Finance, Video Games, and Social Networks. “ETH is more than just a token. It’s the foundation of a new digital economy. It’s a decade of infrastructure work,” he says.
Before continuing, it must be made clear that some of Jackson’s claims may be contradictory or exaggerated. Analyse each in detail to understand their possible meanings.
The first one is the affirmation that “ETH is not intended to be better money.” If this is true, why Eterians I’ve got the story of (Ethereum followers)”Ultrasound money“merge?
This idea of “ultrasonic money” proposes ether as a good solid money against inflation, in a clear comparison with the currency created by Nakamoto at for a limited offer of 21 million units.
However, in reality, the rhythm of etheric deflation has slowed down and does not meet the expectations of many etherians. The main reason for this brake is the Dencun update, which was implemented in March 2024. This technical improvement significantly reduced the commission on the Ethereum network. Less burns, lDeflationary pressure has diluted, and the story of “ultrasonic money” has lost its strength.
That said, it’s valid to ask whether everything will happen in five years, as Jackson imagines. Investors have an ambitious and transformative vision for a digital ecosystem, but in that short time, Ethereum is unlikely to become the main infrastructure for any type of application.
In addition to regulatory panoramas and competition, technology still faces challenges in scalability, cost and acceptance at scale.
for example, Ethereum remains the network with the largest total block value (TVL) With over $730 million distributed finance (DEFI), other chains such as Solana quickly gained ground thanks to their low cost and fast speeds.
Defillma data shows that although the domain is over 57%, Ethereum hegemony is not guaranteed, and recruitment still faces significant obstacles.
“Don’t measure it as a bitcoin”
To finish his paper, Jackson reinforces the idea that Ethereum will change finances and the internet. That’s why he proposes: “Don’t measure it as BTC. Mix it as the basis that drives a new digital economy.”
However, it makes sense to be compared for simple reasons: Both Bitcoin and Ether are digital assets that compete to attract investors’ capital. It is true that they differ, but nothing prevents them from opposing each other when assessing opportunities.
Bitcoin is known as “digital gold” for its role as a reserve for value, while ether is usually called “digital oil.” From intelligent contracts to distributed applications (DAPPS) and other services, as this is the resource that supplies all the infrastructure of the ecosystem created by Vitalik Bugerin.
In short, comparisons between both digital assets continue to be inevitable, but both lead the ecosystem. Jackson’s vision offers a very optimistic view of Ethereum’s role in the digital economy, but only time can tell whether this hegemony in the financial world is embodied.