TechFlow news, on September 5, Jack Mallers, founder of Bitcoin ecosystem payment company Strike, responded on X to Ethereum co-founder Joseph Lubin's previous statement that Ethereum would disrupt Bitcoin's monetary foundation. He stated that Ethereum cannot flip or surpass Bitcoin because Bitcoin is money—a $5 trillion opportunity—whereas Ethereum is a technology, at best an emerging tech company; the two are incomparable.
Jack Mallers specifically noted that it is important to recognize Joseph Lubin and his team once controlled 100% of the ETH supply, in stark contrast to Bitcoin, where even Satoshi Nakamoto could not pre-mine, and every Bitcoin was earned through proof-of-work, tied to real-world value and income.
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