Bitcoin Forum

It looks like actors in the BTC sphere have thrown their crown away.....

It seems ETH will become the largest market cap now....its pretty much a forgone conclusion, and despite the paucity of that measure, its the one that sticks in peoples minds and become as self fulfilling prophecy.

Whether ETH will retain that position is a different question.

Well done BU, well done Core.

Its very possible since eth has a bigger coins in circulation compared to bitcoin. As of now, bitcoin is still the number one in terms of market capitalization. What the Eth had surpassed from bitcoin is the daily trading volume. In coinmarketcap Eth is at $1,581,960,000 volume in 24 hrs while bitcoin is at $1,440,320,000.

I really really hate what BU and Core camps and all those similar have done.

I feel that BTC is more "open" / free than eth, due to the lack of on boarding of the large companies, satoshi being anon, the ETC fork makes me feel that the ETH chain is not as sacrosanct as BTC has been....

perhaps this is nostalgia.....its hard to argue with the send rate, dev rate and number of tokens being issued on ETH.

ETH has many promising features to it. If I were you I would make a serious investment in obtaining some. It is always good to have some of each coin in the long run. Diversify!

BTC could go the way of MySpace and be taken down by a "facebook" like competitor. Certainly possible. High fees obviously don't help for getting new people into it. Many friends/family I talk to are more interested in ETH over BTC, and they previously had BTC. They are buying ETH now.

I got some too :)

The thing that is really hilarious to me in this thread is the blatant disregard that Ethereum is not supposed to be used as a straight up currency like Bitcoin is supposed to be used for.

Yes I understand that it has monetary value attached to the token, but it isn't supposed to be used as a digital cash.  It's an app token, so to say that it will overtake Bitcoin as the "main chain" is kind of ridiculous to me. Eth is their own entity.

Don't try to guess the markets. Instead, look at what the markets are telling you. BTC dominance is nearing 40%. ETH is making new highs and still going strong. Alts are doing great and making lots of progress. The market is telling you not to put all your eggs in the BTC basket.

wait what? you did not catch on that was just cover to stop a flame war between ETH and BTC camp. Of course it falls out of eth that it can be used as digital cash if you want.

ETH focused of "not being [just] digital cash" but sold itself of being programmable cash and dev friendly.

That is good advice. We shouldn't keep all our funds in any single product because it is very high risk. Also, we shouldn't invest only in cryptocurrencies but also consider investing in other asset classes as well. The more you diversify chances of losing money will reduce in the longer run.

I agree, its seems however that some BTC rs do not see it this way.

The market may move towards a dual-adoption with two revolving pillars but once the momentum starts it doesn't slow down.
That said outside of crypto people still are not aware of altcoins so Bitcoin will remain the main currency at least for a bit longer, we might have nice debates about coin supply and the real market cap later though.

Defy rationality is never a good idea...

So Eth has shown its fangs huh? And with this clash then the users just have to split their funds like a partial amount on Bitcoin, Ethereum, and other coins. Still the crown that Bitcoin has is not easily taken but it can be if the developers and miners would not straighten themselves up. Let's hope that users have a lot of good choices nowadays and they can't just confine them in just one box.

Rootstock opened there testnet yesturday, ETH will be replaced by RSK in time. All alt-coins will eventually be replaced by sidechains.

Bitcoin is sucking right now.

But there's 2 problems with ETH.    First of all, its inflationary.  There's no cap.  Yes, the inflation will decrease like Bitcoin, but in a very different manner, and the annual inflation will be 200%-300% more than Bitcoin's for some years.   That could change if they ever go to proof of stake, but we don't know if that we'll happen -- its been promised for almost 2 years.   Second, its development is even more centralized than Bitcoin.  I could be wrong, but my impression is that Ethereum does whatever Vitalik feels like doing.

actually I am kind of glad this happened. because finally, either I will be proven wrong and I'll gladly accept it, or we see that I am right and maybe people start looking at other things than just price and marketcap when it comes to comparing an altcoin to bitcoin.

let ethereum become bigger, more used.
let the number of transaction on its network increase to near bitcoin's level.
let ethereum network be "stress tested" for 3 years, something that we have been experiencing in bitcoin with the same name but it is really spam attack.
let the transaction fees grow to $0.75 (currently there) and then $1 and then $2 and so on.
let the size of their blockchain get extremely big and centralizes the nodes
let the mining of it become big and let China get in on it and start their farms with new more efficient equipments.
let another DAO scam and another roll back hard fork and a chain split happen.

and lots more, and then lets see how they will do in real world not just on exchanges and on paper with some numbers showing bigger marketcap because they simply have 6 times more the supply of bitcoin but not even half its circulating supply or distribution.

Ethereum now is like taking the throne of bitcoin because of the good news of it and also the hype of being accepted in chinese exchanger but i think the bubble price now will burst a few weeks from now because there is already a lot of gainers like me and i think same with the others holders, they are just waiting for the perfect price for them and they will eventually sell after the price reach that.

It could be the case eventually but right now every alt on every exchange is denominated in bitcoin, even ETH has more volume going through bitcoin than it does in direct fiat. Until this changes bitcoin will remain the main one.

It could be used for that, but do you think it's every really going to be used as cash?  I think not.  Bitcoin itself is used as a thing for speculation and really not often to buy things.  Nor are coins that could actually be useful for such, e.g., litecoin.  So while ETH might have a higher market cap, what does that mean exactly?  Nothing in my opinion.  A rising tide lifts all ships, and that's what's happening here.  We got a bull market in progress, and everything under the sun is being inflated.  Just wait until the needle comes along, whatever form that will take.  The popping is going to be huge.

As someone noted above, Ether wasn't meant to be used as currency, and is quite different from Bitcoin. I'm surprised at the lack of movement with Litecoin, because Litecoin is the real "drop-in replacement" to Bitcoin. It has a similar structure, shared history and community, and with Segwit and the Lightning Network it is becoming what Bitcoin ought to have been.

A startup named Yours announced a week or so ago that after researching their options they were switching to using Litecoin in place of Bitcoin due to the fee situation. I expect that as more companies face the same situation we'll see more making that same decision. None of the other top cryptos (Ethereum, Ripple, NEM) fit nearly as well as drop-in replacements for bitcoin.

Another thing is that Ethereum has had almost no major exposure to the ordinary, middle class folks. Sure people know about bitcoin, but Ethereum could use the PR work Bitcoin has done and do a leapfrog. I would imagine ETH going to 500+ with the coverage BTC is getting. FOMO is another thing too

If the market starts in two pillars of the name once the momentum begins then it will not be too late.
Rejecting rationality is not a good idea

there is going to be solutions to TPS in one form or another, the point is active DEV is taking place on ETH

The difference is that if the ETH devs were inactive there would be no way out.

Bitcoin has clear alternatives like Rootstock and BU, and whether or not people like them is another matter - the point is that Bitcoin has the opportunity to change, while ETH's development is so heavily centralised that its path seems fully dictated by Buterin.

More tokens could be created in future versions for all we know, considering that they hard fork at a rate of fifty hard forks per second.

ETH is like the evil genius of the crypto world, getting bigger and more evil as it goes on.

Bitcoin was meant as a currency, and is also mainly used as a speculation vehicle, not as a currency to "buy stuff with" (yes, a few percent of the daily volume is probably dedicated to that).   What does bitcoin have to offer ?  A token that can be transmitted, and that people seem to appreciate for value.  The ethereum token is similar.  You can do other stuff on the ethereum block chain too, but what bitcoin has to offer, the ethereum token can do it too.

Note that neither is a good currency.  Both are betting tokens.  Both can be used also to transact value, and so have some currency-like usage.  Both majority usage is not that of a currency.  Both majority usage is pure speculation.

Well, ethereum has had a split, so there IS an alternative, namely ETC.  In a way, ETC could be seen as a kind of back up to ETH, in the same way that litecoin can be seen as a backup to bitcoin.

The nice thing about ethereum is that it has no ideals: it is obviously centralized (so there will not be any fake arguments to "avoid centralization") on the Foundation ; it has destroyed its belief in "immutability" (if Vitalik is involved enough, he will push out a fork that will roll back any problematic behaviour) ; it is hard forking regularly ; it has survived a contentious hard fork.

In other words, ethereum is a battle-hardened real-politic version of crypto, with no illusions, but with a kind of compromise between the easiness of central authority and sufficient crypto to make something that runs very well in practice but has no principles.

It will never run in silly wars with false arguments ; as "proof of stake" is to be deployed in a vague future, no miner cartel will ever be the boss on ethereum.  What bitcoin is dreaming off without knowing how to pull it ("changing PoW"), Vitalik can do it in a matter of months.  No-one is going to invest in ASIC development when Vitalik can kill that by just changing the PoW algo or by finally launching Casper proof of stake.


Yup, it is an ugly crypto without principles, that works super like hell.  No silly dreams of "taking out the banks", no silly dreams of "blowing away fiat".  Just something done by a central authority, that runs smoothly, and has all the bells and whistles that one can think off and that invites you to build whatever you like on top of it.  This is a killer.

the difference is that bitcoin is meant to be used as a currency and it was invented as a currency and the developer also called it a currency.
meanwhile ethereum is not even supposed to be used as a currency, nobody calls it a currency and the developer is even claiming it is not supposed to be a currency.

and yet people compare them!

The real stress test would be pointing Jihan BU and his trolls to ETH's direction. I would pay to see them giving cancer to ETH users every day.

ETH did good till now with protecting themselves from ASICs on the other hand. I must give it to them. I hated ETH for so long but in the end i only lost money by not investing. Making money has nothing to do with emotions. I learnt it i hope.

ETH can be more powerful than bitcoin, but it's not powerful enough and the potential for government recognition is still a fledgling currency. Its development is like all other altcoins, its value is not stable. If it wants to compete with bitcoin, it's still not powerful enough. It takes more time.

I think yes, bitcoins will be altcoins because of ethereum, ethereum has much beneficial than bitcoins, on ethereum we can makes program be called dapps even ethereum can be used as currency, we can not build program on bitcoins of blockchain, it is just for makes payment with large of amount payment, bitcoins is not nice for small amount of payment because of the expensive costs to sending bitcoins.

haha, the eth guys are way too clever.
you see they have invested a lot of money and manpower into the project and will never let it fail like that. just google ethereum's difficulty bomb and see what they have left for the situation like that.
they will kill the project but don't let the control get out of their own hands.

and besides don't you think the Chinese would have already made a ethereum mining farm if they weren't sure they are going to fork off as soon as it happens :D

That is quite an understatement for bitcoin, but for now lets see what will happen, because somehow btc can change the flow of the market, but no matter what happens I will still stick with bitcoin tho.

I see a lot of euphoria around Ethereum, I would be more cautious. Right now they have two challenges ahead, one is the transaction fees that are getting higher, the other is the project to bring smart contracts to bitcoin. In addition to this Ethereum is still quite far from Bitcoin in terms of adoption and usability.

eht has no value, recent huge price growth can be explained only by Vers attempts to downgrade Bitcoin and hype from some greedy people, but sooner or later hangover comes and it will be great massacre.

ps imagine if goverment wants to take over it will be enough to just grip Vitalik balls  :D

But this trading volume keep on changing and ETH may not hold this position much longer, all this volume is coming because of huge pump we have right now on ETH.

And like I have said above, bitcoin 24 hour trading volume have already surpassed that of ETH.  :D

You made my day LOL  ;D ;D

Until now I still not sure about ETH. I do not know why many people say that ETH can beat the bitcoin pupularity. Maybe it could happen in the future. But for the next 10 years I'm sure bitcoin remains the best in the world of cryptocurrency. Everyone has their own opinions.

ETH is a shitcoin that will crash 90% when the next DAO event happens, when the next undiscovered turing complete related crash happened, or when Vitalik Buterin and the Ethereum foundation go to jail. I don't care how high it goes in the meantime, ETH is a scam.

Core has done everything right, it's Jihan Wu's fault for bribing people into the stalemate situation to keep milking high ASICBOOSTed fees.

well it may gather attention and main stream after this huge pumped i think more and more trader will ride i will not be surprise if eth can achieved
or surpass what btc has been made for the past years of its existence, let us watch the ups and downs.

Ethereum has no coin cap, and Bitcoin is capped at 21 000 000 coins. I hope people can see the difference before it is too late. Satoshi did this on

purpose, not because he just wanted to create another feature. The main goal is to simulate gold and to create a scarcity factor as a store of

value quality. If your coin cap is unlimited, what gives it a value? Correct me, if I am wrong.  ;)

Eth is used for trading purposes, but well its growing very well i do remember this coin being traded at 300k satoshis, nowadays its around 10% bitcoin value, soo there is some kind of interest with it, maybe people dreaming it can do the same as bitcoin. While bitcoin is having a lot issues to handle being one the current block size issue, that is pushing fees to high, something that should happen when the mining would be over and not before.

I don't think it will happen. When people hear about Crypto-Currency the first thing that comes to their mind is Bitcoin. Bitcoin is the main currency among all and it won't be easy to change. ETH can have a good reputation already and many people using it, but needs much more to be stronger than Bitcoin. Anyway, it's a good strategy to always have some ETH too for future or trading purposes.

NEM/XEM is the coin designed to be a currency that is highly scalable with low fees. That's why I'm holding that as opposed to Ethereum which can  do 15 transactions per second vs Catapult/Mijin doing 2000+, albeit that number is less in the wild versus in a controlled closed environment.  As for smart contracts, I'm tired of hearing the term. There are 50 other altcoins out there they can do smart contracts...  Bitcoin should focus on scalability first if it wants to survive.  Faster confirmation times... lower fees.. the mining rhinos that want to control things need to be kicked to the curb. The market is doing it for them.

http://mijin.io/en/about-mijin

I'm also bucking the trend and purposely looking for at least partially closed source projects.  Opening up the source code for anyone to use is just stupid from a business and investment standpoint.  It's why we have so many coins which can all do the same thing that are clones of one another.  No corporation would give away it's trade secrets or other copyrighted/trademarked data for anyone to simply copy and use as they please.. it's madness.

It's amazing that it has finally come to that. I like bitcoin, it still builds on the advantage of being first, but it can't compete with the innovations coming from ETH at this point.

It will not be changed, because it is constantly evolving, regardless of the situation, bitcoin always has a big advantage over all other currencies.

I would stick to bitcoin too and also I have eth on some sort of investment, since this is also a very promising one. still, I am monitoring eth since there are already tokens added on this platform.Also, transaction fee are rising when Eth price is rising. This is another setback in my opinion.