Bitcoin Forum

This is just a thought ,what would have happened if the first crypto coin from satoshi was ethereum ? I'm sure ETH will be the most  favoured digital currency just like bitcoin is today.

And ETH would have been the bullrun driver and many altcoins will always favour since ETH is the key ,just imagine if ETH is 11,000$ ? Many altcoins would have been exploding in value presently

This thread should be on the speculation section, but you have known the answer to your question. But remember if that happens and ethereum will have the same configuration as bitcoin and ethereum have not had a smartcontract that already used by so many platforms right now

No. The first coin would have been still (a) Bitcoin, but it would have had smart contracts.

What would have happened then? Well, the code would have been cleaner and better maintained, some things would have been thought better so certain token hacks would have not been happening, no ETH/ETC split also... all in all possibly the coin price would have been bigger. But Bitcoin also deserves a much higher price and still doesn't have it.
I can't imagine people playing the kitty game on main net though  :D

On the other hand, Bitcoin has counterparty, which is not used as much as it could, Bitcoin allows side chains and colored coins... somehow not as attractive for the community as playing with Ethereum tokens. So who knows...


However, no use to dream Science Fiction. The history is written.

despite what you think bitcoin is not far far ahead because of it being first, it is ahead because it is an excellent decentralized currency that is doing exactly that it was meant to do. not to mention that bitcoin wasn't even the first cryptocurrency! there were some other projects that came before bitcoin which didn't even reach production and usage let alone grow because they were flawed.

besides Satoshi would have never created a coin like ethereum because he had a vision and certain principles that ethereum does not have. principles such as decentralization and deflationary currency which ETH with its huge premine and ICO and unlimited supply and roll backed blockchain can never have.

in fact i am almost certain that if a coin like ETH were created before bitcoin, it would have died within 2-3 months and would have never even reached a value to want to grow. the fact that it has grown this much so far is thanks to bitcoin and the people who come in for BTC and are fooled into investing in ETH.

Yeah if that would have been the case Eth would have easily been the king of all the coins but still i think eth is number one choice of serious investors and holders and pitential upside for eth is still huge.

Ethereum would have been the number one coin but it would not have been as dominant as bitcoin.
The principles behind Bitcoin and Ethereum are much different so are their intentions.
I don't wanted to say it but the crypto market would have been much more advanced and competitive if satoshi had invented Ethereum inspite of Bitcoin.

I guess you don't need anyone to give you what the answer is because you already know that but i want you to know now that irrespective of what the price of ethereum is now will not change anything about the bull run.

In my own view if ethereum was the first crypto ever released in bitcoin place it would have been dead by now ,ETH isnt capable of what bitcoin is and take a look at it ,the smart contract alone is enough to make is a bad coin because of the shittycoins running on erc20 ,its for greater good that bitcoin is the first one to get released by satoshi

Now the price of Ethereum has no relation with the price of altcoins. a lot of good coins are already creating their own blockchain and they are not interested in being connected to ETH

makes sense, but I think about the different total supply, bitcoin has only 21 million while ETH? even if the first ETH coin was created I think the price won't be as high as bitcoin.

this only a big dream coming from the ethereum believer
personally i'am an ethereum believer, but i will never think about "if" because that word is a word without hope buddy
the fact bitcoin is the first crypto created by satoshi nakamoto  ;)

No. This is just a wishful thinking. Some people still do not understand how value enters into a product, IEO put an end to Ether prices because there is simply no demand for it, just look at the rate how most of the ERC 20 tokens are migrating to Binance change in search of value. Ethereum was built on a sloppy ground and is telling on the network now

What a twist of fate would it be should ethereum comes first before bitcoin considering their price difference in the market nowadays.However, cryptocurrency is unpredictable and the law of supply and demand plays an important role therefore we can't assume that even ethereum comes first it will reach the same price as bitcoin right now.

It won't happen as you think, if ethereum will more than 100M of supply then the value wouldn't be more than $11,000.
There will be a normal process and computation on how much the supply will be. But it's likely that it will be the king.

It's much harder for Ethereum to reach $11,000 because of it's much higher supply(currently more than 6 times of BTC's supply). But yeah, essentially if it did reach that price, it would be a bullrun driver, as many tokens are built on Ethereum.

I am not sure if Ethereum becomes the first one. The thing what makes Bitcoin number 1 is decentralization.
Look how many projects there were before Bitcoin E-gold or Liberty dollar - they weren´t decentralized so it was easy to ban them by govs.  ;)

Absolutely any cryptocurrency that would appear first would be the flagship in the cryptocurrency industry. You should understand that there are much better and promising cryptocurrencies. But here the market is ruled by leadership. Who was the first to realize their product is the winner. Law of business. In this case, the product is bitcoin.

Ethereum is also a kind of pioneer. If Bitcoin showed that the blockchain can find a use, Ethereum has repeatedly expanded the possibilities of using the blockchain (not only storing information, but also executing programs on the blockchain).
Further development of technology we saw in the EOS. And who knows what opportunities will be revealed further?

I don't think this is opinion.
d what you say is an illusion, however bitcoin is the first crypto and is very influential and binding on the market. so what you say for ethereum has happened and applies to bitcoin.
I think eth is an altcoin that has the potential but will never be able to win the top ranking

I don't think it will happen.. And if it happens it would not be the same when it comes to the value that you assume of ethereum because the total supply is far different from one another and we knew clearly that supply of any goods even with digital currency has tremendous effect on its value. Can't really imagine that this will happen.

If ethereum is the first crypto from satoshi then they will switch position.

Eth as the top crypto that has many supporters and bitcoin as second well-established coin.

However this is just a dream that cant happen in reality, lets just accept the fact that bitcoin is the king.

I have never thought that far before, because bitcoin is always synonymous with satoshi nakamoto and Ethereum with Vitalik buterin. For now I just imagine if ethereum the price is not much different from bitcoin. Of course it will look interesting, meaning that there is a fairly tight competition.

If you have said that if Bitcoin is King of the crypto world. But  ETH would be the 2nd King. I think that in the crypto  world, Etherium would be better as King inside the altar coins.

Good thinking....Even in Ethereum has more speed than Bitcoin.
So, this thinking is about who is the first , it will be the king.

Is not it as you think? For example, since its inception, the world has known a number of cultural,and economic developments.But there has never been absolute control over a particular civilization.The same thing happens despite the leadership he enjoys bitcoin,The digital world will know many changes in the future,You'll probably get unexpected things. This industry, at the beginning of its development, will know many improvements and the emergence of new mega projects that will dominate the market or develop old industries and its future dominance. This is just intuition.

I guess ethereum is already quite big, it was created by different people but has so much potential and so many use cases that it became the second (and sometimes third) biggest coin, plus ripple was created very early on as well and it has been on the second spot as well (mostly on third) even though I hate them.

So, long story short if ethereum or ripple were created by satoshi himself and were the first coins I am pretty sure they would become this big as well, maybe the whole market would change and prices would change and so forth but in the long run they would be on the top that is for sure, even if that means less marketcap and not improving crypto world. Being the first one always has privileges, bitcoin is clearly not the best coin in technical sense but it is the most expensive one because its the first one.

Not sure where this is going.

I do not think that Bitcoin is the best cryptocurrency ever only because founder of it is called Satoshi  :D.
Vitalik Buterin is also a genious but it is not enough, it is not about the person who created something big. It is about the idea and people that believe in it.

It is just like you saying what is bitcoin was another name different from the word BITCOIN, of course that will be the highest valued coin we will have in the market even if it was ETHEREUM they named it, but when it comes to function, Ethereum may still not be the top, because the system being run by both of them is still a little bit different and till date, bitcoin system of technology still remain the best.

I am not sure that we have anyone that is better than bitcoin till date, even when they all come out to claim they have a better system to that of bitcoin. So name is not what matters alone, if the function of Ethereum can tally with that of bitcoin, then it will definitely be the highest valued coin that will be in the market till date, and maybe we might never have known bitcoin.

Since it's your own opinion and personal thinking about the possibilities it's your right to make that assumptions but in reality there's no assurance whether if eth got in first if this project will bring more high with this current happening while Bitcoin is being recognized as first and the king of crypto.

Point is valid for personal but it's still the community who will decide if they will support if ever eth was been introduced first whether the market will be the same like this.

you are right, the bigger the community believes it, the bigger the project will be. Bitcoin is growing because many people trust Bitcoin and its development. all developers must think that way, if they want to make their projects grow fast.

It's the weirdest assumption I've ever seen. What if Clinton were the US president, not Trump?
This is meaningless question. Bitcoin's number one here is not because it was found by Satoshi. To be worthy of it.

Bitcoin and Eth has a huge age gap of foundation but both became prime in this platform, Bitcoin technology is such an inspiration of most of the developers out there, so if Eth was the first one I don’t think it has made any changes, Eth might be developed the same way as Bitcoin.

If ETH is Satoshi's first crypto coin, but unfortunately it's not ETH. Regarding Ethereum, at this time, there are very many devotees, and Ethereum has become the favorite platform of all projects. I am sure, ETH will have a high value someday.

I think that these functions are not included in Bitcoin just now. In the future, Bitcoin will have the same options and ETH will not be needed at that time.

Bitcoin being the forest, is enjoying that special grace, so if ethereum has been the first, it will also enjoy it.
Whether it is the first or not, if ethereum has what it takes to surpass bitcoin, it will. Ethereum is the second, so nothing should stop it, because lunching a coin firs, does not mean it will continue to be in the first position.

Actually your thought is an illusion,  I don't see any coin fit for Bitcoin's position.  I'm talking about decentralized architecture. Ethereum might not have scales through probably if it was the first, just saying.  Yes, I'm a big fan of ETH but the fact remains that even many new projects claiming to have more robust architectures and high TPS do not still compare to BTC, imagine the number of users of BTC, check the market cap and yet transactions still go through although with some network clogs. 

i think your scenario will not happen also :).. do you think ethereum will create smart contract like what is happening today?i bet no

The story will be different if ETH is the first coin, there will be no bitcoin or there will be bitcoin shape token.
It's so unpredictable but mostly people will prefer something better,right ?
If ETH launch for the first time and people dislike it, I think the cryptocurrency will not be well known like today

If ethereum was the first crypto coin released by satoshi and it manage to achieve the present market cap of bitcoin i bet it can't be trading at 9000$,the highest it can go is 2k to 3k but I'm glad bitcoin is the king because ETH might have died off if it was the first crypto coin, let's not forget that bitcoin has the strongest community support over all

interesting wishful thinking. when the price of bitcoin goes down as if you blame bitcoin and replace it with another that has a good price on the market. all of that has its time, remember that crypto is fluctuating where prices can change significantly over time. what needs to be done at this time is to only support and be sure of the coins that you currently have.

If the Bitcoin is ethereum, crypto might be different from now. As we all know that ethereum has no supply limits. Whereas bitcoin is known for its price fluctuations and high volatility, especially its supply is only 21 million, which is increasing popularity and price.

Maybe the OP is more precise if Bitcoin has features like dApp, of course there will be many altcoins born from bitcoin, of course there will be lots of altcoins that explode in value.

I think it's a vague question to ask because there are different scenarios and the outcome for each would be different on the basis of each scenario.
If ETH would be the first coin while still using the characteristics of the current bitcoin then ETH would be at the same place as BTC is today.
If ETH would be the first coin with the charateristics of current Ethereum then the result might be anything. It could have exploded in price or may be some other coin would have been at #1.
If ETH would be the first coin but then if somebody would have create bitcoin then may be bitcoin would have been at the top or may be ETH at top and BTC at second.

So there are various scenarios and we can't accurately say what could have happened.

many altcoins which explode in price will be only in the next few years. in 5-10 years the market will not be so volatile and the altcoins will no longer be interesting to market makers