Maybe proof of stake (for you, that could be proof of steak) is better (more scalable and uses fewer resources) is better than proof of work? https://www.businessinsider.com/personal-finance/proof-of-stake-vs-proof-of-work
Yes you did, I will show you what you did post: So you make it sound like BTC atm's are taking over Europe. Reality is that BTC atm's are still almost nowhere. The complete opposite of your "strong demand". I have several friends who have BTC (as a gamble), not a single one even knew that there are BTC atm's. You assume that some day Bitcoin will be accepted at every grocery store, gas station, and restaurant. What if it is a scam? Then you'll have missed one hell of an opportunity by investing in a losing BTC. You always take your dreams and wishes for reality: BTC will be used everywhere? After a decade, still no sign at all at this moment. Not very promising for future. BTC will skyrocket? At this moment it is a skydive and LT returns are already several years in decline. Not really proof of strength. BTC atm's are all over Europe and there is a huge demand? No sign at all at this moment. You clearly did not (want to) see at what price you can buy or sell BTC and also "forgot the commission of 10% and more you still need to pay. Only brainless people will use these machines. These machines are installed in small shops and fuel stations where all the time people run in and out. Totally no privacy and high risk to get attacked by some criminal who will take your usb stick.
The payment and banking technology all over Europe in the EUR zone is beating what the US has. US still uses prehistoric cheques. In the entire EUR zone you can do instant payments for free, take cash money for free, and pay in almost all shops with your bank card for free. I can pay in Spain, Italy, Greece...while living and having a bank account in my place, thousands of miles away from these shops. So Paris is beating the US in payment technology. You have no hard proof against my hard proof about how rare the BTC atm's are. So you make up something in your fantasy. Paris is a tourist's place where millions of tourists go. Having there BTC atm's would be the smartest thing to do. But there is no demand at all, as there is only 1. They should be placed where the demand is. And there is no demand. That confirms that your statement is completely wrong. Mc Donalds, Starbucks, kentucky fried chicken, or any other business, don't watch for high tech places to open a shop. They open where the demand is. Like in the Bronx.
So you were in 2013 already in crypto's? LOL. According to the arguments you always use, that BTC made many people rich, you apparently missed that boat too. The ride from $1,000 to $35,000 in 9 years you missed too. But you took the ride down from $63,000 to $33,000. Your reality has a huge contradiction of your fantasy. And reality is real while fantasy is just fantasy. So arguing with returns from past that even you were not able to realize, makes no sense. You still live in past where you theoretically could have become a billionaire, but in reality you never did. Just like most crypto fans on ET. On top of that, past return is no reference for future returns. In 2013 BTC was around 15$. But you started to buy at 55-63K 9 years later.
I just saw this bit of news this morning, which is huge in my opinion. Having a company like KPMG essentially validate Bitcoin by purchasing some for their corporate treasury is going to give executives from other companies the confidence to do the same. Furthermore, KPMG is a financial services company that has 38,000 employees and clients all over the world. If they are adding crypto assets to their treasury, imagine what kind of door this is going to open in terms of advising their clients worldwide to do the same.
Maybe,... I wouldn't discount ETH completely yet. They are the first L1 to bring various L2 tech into their ecosystem. As the load has increase on these other chains we are seeing the strain on monolithic L1's. SOL has experienced days of outages recently and FTM with it's rapidly growing ecosystem has also slowed down from the increase load and having increased gas prices as well. Just the other day, some BTC maxi's recognized the market demand for DeFi, raised 150mil and are looking to increase core dev for BTC to capture some of that market. Having an application layer for BTC could be game over for all these other projects but BTC is behind in that area of development. There are so many shifting narratives as the space moves so fast, it's difficult to keep up a generalist pov. It's much easier to go tribal.
Feds seize $3.6 billion in bitcoin stolen from Bitfinex hack https://www.cnbc.com/2022/02/08/feds-seize-3point6-billion-stolen-from-bitfinex-hack.html Now just think if that was cash from an old fashion bank heist instead. Good luck getting money back if it was stashed in a good hiding spot.
So is this good news or bad news? If the government can trace the blockchain and recover stolen tokens what else is it capable of doing. So much for privacy.