Subscribe
CryptoWeb.xyz
No Result
View All Result
  • Home
  • News
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
  • Home
  • News
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
No Result
View All Result
CryptoWeb.xyz
No Result
View All Result

If Cryptocurrencies Were Beer…

Whether crypto markets are up or down, people will still buy beer.

The American beer industry has seen a 600% increase in the number of breweries between 2008 and 2016, according to data from The Atlantic. And the crypto industry really boomed from nothing in 2008 with the release of pseudonymous author Satoshi Nakamoto’s Bitcoin white paper. By 2017, thousands of new digital assets built on top of that work had found their way onto exchanges. Nowadays cryptocurrency lives somewhere in the public consciousness between a Bloomberg headline and a subculture.

Cryptocurrency remains less than 100% accessible to the general public, but plenty of adults of legal age understand beer references. In that spirit, please enjoy this playful explainer of which crypto is like which beer.

Related articles

How Bitcoin mining saved Africa’s oldest national park from bankruptcy

On-chain Metric Flashes First Bitcoin Buy Signal Since 2019 – Here is What You Need to Know

Bitcoin (BTC) is Budweiser

A standard American-style lager, Budweiser is an immensely well-known beer available in establishments east to west and beyond. It doesn’t have all the bells and whistles of contemporary India Pale Ales or bespoke sour beers, but it can still come through as a simple, reliable drink that many folks enjoy. 

Bitcoin gets the job done similarly in the crypto world. As the first cryptocurrency available to the public, it’s not the fanciest, latest thing. But users know what they’re getting when they use it — reliability and brand persistence. 

Just as Bitcoin’s implications (with regard to forking) lead the charge of a thousand cryptocurrencies, Budweiser’s parent company, Anheuser-Busch, is responsible for several other beers and brands. 

Litecoin (LTC) is Bud Light

Positioned as a less filling, lower calorie alternative, Bud Light does not claim to be the real Budweiser, but rather takes its place as the popular alternative. Bud Light is obviously built on Budweiser’s impact, but has the potential to serve a different purpose, depending on the customer.

Litcoin’s creator, Charlie Lee, describes LTC in relation to its usability and mass appeal. At one point in time, some headlines called Litecoin the figurative silver to Bitcoin’s gold.

It’s worth noting that Litcoin confirms transactions more quickly than Bitcoin.

Ethereum (ETH) is Blue Moon Belgian White

A mainstream, entry-level craft beer, Blue Moon Belgian White has an arguably different, more robust flavor panel than a Budweiser. Watch me stretch this to how Ethereum built on what Bitcoin started. 

Blue Moon has a number of different flavors that go beyond its basic Belgian White designation, including Honey Wheat, Harvest Pumpkin Ale, White IPA and more. Ethereum was similarly the foundation for a multitude of initial coin offerings built on its blockchain. 

Additionally, many beer aficionados do not really classify Blue Moon a top-tier craft beer, much in the same way many parties criticize Ethereum for its scalability and performance issues. 

Ripple’s XRP is Goose Island 312 Urban Wheat Ale 

A popular choice, Goose Island 312 exudes the flavor and hoppiness of a fairly solid craft beer, although some enthusiasts might not call 312 a craft beer at all. Goose Island is owned by large-scale brewing giant, Anheuser-Busch, arguably disqualifying it as craft beer — some say that designation is partially characterized by a brewery’s small operating size.

In the same way, many argue about XRP’s connection (and alleged centralized ties) to the large tech company Ripple. The XRP asset is fast, but many crypto enthusiasts knock its status as a true cryptocurrency, historically based on Ripple’s reported hefty coin stash. But XRP still gets the job done quite nicely as a method of digital value transfer, and has shown traders and market participants significant price action over the years. 

(Yes, Blue Moon is also owned by that large conglomerate called MillerCoors, but acknowledging that would collapse the analogy!)

Chainlink (LINK) is 3 Floyds Brewing Zombie Dust American Pale Ale

The hype around Zombie Dust is real. 

“Zombie Dust has maintained a level of hype that’s almost unheard of for a daily drinker,” according to a 2018 ChicagoMag article. “One Chicago store even hung a sign: ‘It has been __ hours since we’ve been asked for Zombie Dust.’”

The hype is real because the product is real. Zombie Dust beer boasts a “world-class” score on BeerAdvocate.com for its unique flavor and aroma. 

Chainlink also touts similar hype and a posse. Its loyal fan base is affectionately known as the “Link Marines” on Twitter. The asset is generally well-received in the crypto space, and its project aims to solve the notorious “oracle problem” — a core issue in linking digital assets to real-world assets. 

Whether we’re talking beer or crypto, it often helps to step back and see the lighter side of the industries in which people reside.

Share122Tweet77Share31
Previous Post

Price Analysis Mar 18: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Next Post

Price Analysis Mar 20: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Related Posts

How Bitcoin mining saved Africa’s oldest national park from bankruptcy
Bitcoin

How Bitcoin mining saved Africa’s oldest national park from bankruptcy

On-chain Metric Flashes First Bitcoin Buy Signal Since 2019 – Here is What You Need to Know
Bitcoin

On-chain Metric Flashes First Bitcoin Buy Signal Since 2019 – Here is What You Need to Know

Price analysis 1/30: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT
Altcoin

Price analysis 1/30: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT

Bitcoin aims for $25K as institutional demand increases and economic data soothes investor fears
Bitcoin

Bitcoin aims for $25K as institutional demand increases and economic data soothes investor fears

Investors Pile Back Into Bitcoin As Bulls Bet Bottom Is In – Where Could BTC Price Go Headed Next?
Bitcoin

Investors Pile Back Into Bitcoin As Bulls Bet Bottom Is In – Where Could BTC Price Go Headed Next?

Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023
Bitcoin

Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023

ADS SIDE

More News

How Bitcoin mining saved Africa’s oldest national park from bankruptcy

How Bitcoin mining saved Africa’s oldest national park from bankruptcy

On-chain Metric Flashes First Bitcoin Buy Signal Since 2019 – Here is What You Need to Know

On-chain Metric Flashes First Bitcoin Buy Signal Since 2019 – Here is What You Need to Know

Price analysis 1/30: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT

Price analysis 1/30: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT

Bitcoin aims for $25K as institutional demand increases and economic data soothes investor fears

Bitcoin aims for $25K as institutional demand increases and economic data soothes investor fears

Investors Pile Back Into Bitcoin As Bulls Bet Bottom Is In – Where Could BTC Price Go Headed Next?

Investors Pile Back Into Bitcoin As Bulls Bet Bottom Is In – Where Could BTC Price Go Headed Next?

Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023

Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023

Digital asset investment products see highest inflows since July 2022: Report

Digital asset investment products see highest inflows since July 2022: Report

Best Crypto to Buy Today 30 January – MEMAG, MINA, FGHT, MANA, CCHG

Best Crypto to Buy Today 30 January – MEMAG, MINA, FGHT, MANA, CCHG

As Dogecoin Price Explodes, These 3 New Altcoins Might 10x

As Dogecoin Price Explodes, These 3 New Altcoins Might 10x

Today in Crypto: Bitcoin Mining Difficulty Hits New ATH, Gemini Reportedly Investigated by NYDFS, South Korea Plans to Create a Crypto Tracking System

Today in Crypto: Bitcoin Mining Difficulty Hits New ATH, Gemini Reportedly Investigated by NYDFS, South Korea Plans to Create a Crypto Tracking System

  • Advertise with us
  • Contact Us
  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Sitemap

© 2020 Copyright - All rights reserved.

No Result
View All Result
  • Home
  • News
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin

© 2020 Copyright - All rights reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT