Bitcoin Forum

i've been hearing a lot about something called Ethereum these days .
if you know any informations about Ethereum please comment it so i can know more about it .
and is it true that he threatens the existance of bitcoin ?

Ethereum is not a 'he'. It is an 'it'. Ethereum is an altcoin which is rising in popularity very fast. The market-cap for Ethereum has risen extremely fast. Ethereum is second on the cryptocurrency market-caps list. Here check this site: https://coinmarketcap.com/

Ethereum controls 32% of the entire crypto network, whilst Bitcoin is around 40%. Yeah, Ethereum can be considered as a threat to Bitcoin, but not yet...

Ethereum short name on exchanges is ETH.

Ethereum is like universal blockchain. You can build anything using Ethereum.

While Bitcoin is only a curency is a method of payment. But last years many people see Bitcoin as a store of value, but its another story..

So well Ethereum also can be used as payment method. It is faster and cheaper.

Also Ethereum are the one who atract a lot of companies worldwide.

It is build Ethereum Enterprise Alliance (EEA)

There are many corporations and companies in EEA


https://entethalliance.org/members/ (https://entethalliance.org/members/)


From them famous is Microsoft, Intel, JP Morgan, Samsung, Toyota Research, Mitubishi Financial

Singapur,China and Russia using Ethereum blokchain to create their own nacional tokens.

UN is using blokchain on ethereum which helps Syrian refugees.  

Also it is soon the bigest Ethereum upgrade protocol which is called Metropolis. With a lot of intresting stuff like dapps(decentralised application online store). adding more privacy throw zk-snark..creating light wallet and other..

i can't believe you didn't know what Ethereum is , look carefully ETH will take place BTC

Here old Ponzi scheme "investors" trying to sell his scam to new "investors".

http://www.investopedia.com/terms/p/ponzischeme.asp

how to use this webiste ..

Ethereum is a threat in the sense that it could overtake bitcoin in the first position regarding market cap, but it is not like bitcoin is going to disappear the day that happens or anything so don't worry to much about it, in the other hand I think that is one of the reasons the devs are trying to approve segwit as soon as possible.

lol at all the newbie accounts popping up day in day pushing the Ponzi wagon along.
With SegWit activated Bitcoin can do anything Ethereum can but 100 times faster as its not bottlenecked on main chain

the short answer is no, it has no effect on bitcoin or its existence in long term. the big market may suck in some money from bitcoin market for a short time but it will all come back.

long answer is that etherum is a project that started some time ago by some people notably the developer called Vitalik Butt and its main purpose is to make them money. in this process they firsts secured themselves 72 million ETH tokens and then started the crowdfunding, advertising, bribing, paying news sites to publish false information, paying poloniex for pumps, ... and have been earning a lot of money.

it is also a platform that made creation of ICOs easy. and the only way to invest in these scams is to buy ETH tokens that is why its price went up!

now to address your second question.
ethereum is not even a currency to even want to start threatening bitcoin. it is a useless token belonging to a buggy crypto contract project. it has a lot of big problems, the one that is becoming obvious these days is its extremely high transaction fees. it also has a serious scaling issue, an expensive way for developers to start a new project on it and another DAO can easily happen and can lead to loss of a lot of money (it recently caused a Canadian exchange to lose 14 million dollar)

Does that include contracts?

Thank you Herbert 20 20. ....most informative

Read em.

Ethereum have more challenge than you think there is as there are more token creating platforms out there,there is no way that it could be better than bitcoin which is a real currency and Ethereum is not,it is just a token creating platform,understand the difference what they really are and then we can consider whether it is a real threat at all.

"investors" still look at fake market cap

http://i.4cdn.org/biz/1497931552010.png

Yeah, lets wait for the activation of segwit, when that happens bitcoin is going to become even more valuable than it is now because finally it will no longer be only an investment it will function like a currency once again and if that happens the price will go up once again.

The jig is up, ethercrap is on its way to the toilet.

Awsome !
Thank you all for the help    :D

Let's wait to see who will lead the revolution in monetization
A new era will be opened and financial background will change completely and no one can foresee

yea Ethereum is altcoin that difficult of all altcoin. i think its can be against bitcoin. Ethereum market cap rising very fast. you can exchange all altcoin with Ethereum.

What the hell is this topic about? Were you having a stroke while writing it?

So many new shill accounts all posting about Eth

Ethereum is an altcoin which is one of the rivals of bitcoin. Compared to bitcoin, ethereum has a lower value. Just like bitcoin, it is used in different transactions in the internet. Also, it is used by application developers to pay transactions fees and services in ethereum network. So, ethereum is a cryptocurrency just like bitcoin but has a lower value but some miners work to earn this and not bitcoin.

A lot of people compare the 2 but I don't think they are really direct competitors. Bitcoin is the king of cryptocurrencies and ethereum is the king of smartcontracts, app based development and ICOs.

Ethereum is an alternative coin or an altcoin .. It is just another cryptocurrency , you can go to myetherwallet.com to if you need to store some of your ethreum . You can also convert this to bitcoin. 1 ether  is equals to .08 and this is the best rate i know .