ETH really becoming a new BTC

[rdnkjdi]

1.  Community is better

2.  Faster

3. Ready to scale

4. More versatile

5. More decentralised

6. Not controlled by chinese miners

7. Not run by idiots

8. More developers

9. Used by banks

10. Not used by pedophiles

Not so sure about 5. https://www.reddit.com/r/ethereum/comments/48x5y7/psa_could_dwarfpool_please_take_some/

Yeah ... this.  Although fwiw as someone who hated PoS I believe Casper and PoS is the way forward.  As mining rewards go down the percentage allocated to supporting the network is inverted over time. 

It becomes more feasible to make money by forking and taking a long position in an alternate currency or shorting what you're forking.  I've been saying for a year now that the lower and lower inflation is a ticking time bomb. 

[btcxyzzz]

1.  Community is better
2.  Faster
3. Ready to scale
4. More versatile
5. More decentralised
6. Not controlled by chinese miners
7. Not run by idiots
8. More developers
9. Used by banks
10. Not used by pedophiles

All reasons approved except 10. It's plain stupid thing to claim.

[stoat]

Lets take some time to remind ourselves...

[Za1n]

1.  Community is better

2.  Faster

3. Ready to scale

4. More versatile

5. More decentralised

6. Not controlled by chinese miners

7. Not run by idiots

8. More developers

9. Used by banks

10. Not used by pedophiles

Not so sure about 5. https://www.reddit.com/r/ethereum/comments/48x5y7/psa_could_dwarfpool_please_take_some/

Yeah, I tried using some of the other pools and I keep going back to Dwarfpool.

Why? Because for one they aren't constantly trying to screw you over like a certain collapsing star themed pool, which is what it feels like while mining there btw.

Also, they are one of the most stable, where the front-end is not always under attack. They developed the first stratum proxy for ETH mining to improve connectivity and the pools admin actively responds to questions or criticisms.

I am all for spreading out the hash-rate, but until we get a few more credible pools where the owner is actually looking out for more than a quick buck, I think most people are going to go with the pool where they are getting the most coins for their hash-rate, which is currently Dwarfpool.

[pimpjuice]

If you knew anything, you would realize how dumb this question is to begin with.

[r0ach]

oh man... btc is going down very fast and eth is going up very fast !!!

What do you think the rendezvous point will be?

Haha, Come from Beyond is aboard the eth scamtrain

Why Ethereum is currently the biggest scamcoin created so far:

https://bitcointalk.org/index.php?topic=1361602.0

[Za1n]

1.  Community is better

2.  Faster

3. Ready to scale

4. More versatile

5. More decentralised

6. Not controlled by chinese miners

7. Not run by idiots

8. More developers

9. Used by banks

10. Not used by pedophiles

Not so sure about 5. https://www.reddit.com/r/ethereum/comments/48x5y7/psa_could_dwarfpool_please_take_some/

Yeah ... this.  Although fwiw as someone who hated PoS I believe Casper and PoS is the way forward.  As mining rewards go down the percentage allocated to supporting the network is inverted over time.  

It becomes more feasible to make money by forking and taking a long position in an alternate currency or shorting what you're forking.  I've been saying for a year now that the lower and lower inflation is a ticking time bomb.  

Wow, you realize you are contradicting yourself here.

First you say you agree with Dwarfpool having too much hash-power and it is bad supposedly because they have too much control over the network, which is only half-true to begin with because there are many different miners who actually make up that hash-rate and could take it elsewhere should nefarious activity be suspected. So somehow this is bad.

But now you are advocating PoS, where only an even smaller portion of people will control the supply, as early reports indicated you would need balance's of at least 1,500 ether ($15,000+ currently) to be able to stake coins. That is somehow better?

So in short, having the ability for home miners to invest $200 in a video card and generate a small amount of coins, even if they point to a large pool is going to sink Ethereum. Whereas people who can invest $15,000 or more before they even begin to stake is somehow perceived as its salvation. Hmm, strange logic here.

Edit: Actually not all that strange, seems exactly like banker logic. Now they just need to up the minimum amount of coins required to stake to somewhere around 20,000 coins and it would be perfect.

[mookid]

Ethereum is much more than a BTC succesor, its more sophisticated and advance than BTC.

[K210]

1.  Community is better

2.  Faster

3. Ready to scale

4. More versatile

5. More decentralised

6. Not controlled by chinese miners

7. Not run by idiots

8. More developers

9. Used by banks

10. Not used by pedophiles

1. Community is cancer worse than dogecoin

2. Maybe so but there are plenty of fast crypto out there

3. Bullshit.

4. how so?

5. Its run by miners now, and will be run by the foundation during pos, it looks set to become centralised in the long run

6. Yet. Just wait until the chinese start mining. With cheap power chinese will takeover the network

7. No its run by hypemasters which is worse

8. Does not mean it will be sucessful, bitcoin only had 1 dev in the early days look where it is now

9. Exactly why many people will stay away from it, the banks will alter ether to benefit them and fuck everyone else over just like the current system

10. No but its going to be run by greedy bankers and governments which is worse

[K210]

Ethereum is much more than a BTC succesor, its more sophisticated and advance than BTC.

Yet it is not something the average person will ever use. Bitcoin is complex but with some work your average person can use it, ether is only for geeks, governments and bankers.

[sinner]

1.  Community is better

2.  Faster

3. Ready to scale

4. More versatile

5. More decentralised

6. Not controlled by chinese miners

7. Not run by idiots

8. More developers

9. Used by banks

10. Not used by pedophiles

1. no, but it has good branding/marketing
2. no, requires more confirmations
3. lol no, final vision violates cap theorem
4. dont care, see fred wilson's speech on unbundling
5. if ethereum lives to be 7 years old it wont be
6. for now...
7. no, vitalik is a genius tho, but he's surrounded by hype machines
8. most dapp development is abandoned, i've been checking
9. no, its being tested by banks, as is Ripple
10. mike hearn uses it.. more will come

https://www.youtube.com/watch?v=FF-tKLISfPE
ethereum=opendoc.

ethereum is a pyramid for pyramid schemes.  ironically the logo is a pyramid on a pyramid.

[hawkins]

I do not think so, although I know ETH is the new coins that can make the price higher, but I'm sure he will not be as good as bitcoin, and bitcoin will never replace, ETH still has many shortcomings compared with bitcoin

[Spoetnik]

Chinese miners cant even gpu farm because the latency of solved blocks is far too long with there crappy internet. By the time they solve a block someone else has already submitted an accepted block.

there are not only chinese with cheap electricity, as long as there are those with free electricity or very cheap you can not prevent centralization, no matter the algo, the coin or anything else

Google Iceland Bitcoin Mining

And yeah Stoat is as usual full of shit i can't be bothered with him *this time LOL

All i will say is adding POS to a coin 2 or 3 years after the IPO scam launch does not make it a "legit* POS coin.

[electronicash]

used by banks?

I didn't they are used by banks, maybe you guys should at least list the banks that used them so we may have the reason to probably move to ETH or move away instead.

[spartak_t]

Some of you don't have a clue on what you are talking about. Ethereum was crowdfunded with about $18,5 million! What was the situation with Bitcoin (despite the premine, which can be evaluated nowdays, and as far as I know, it is still intact)? You can't compare Ethereum with Bitcoin, because of 1 simple reason (not 10): One is revolution, and the other is a paid project. Period.

[toknormal]

The Ethereum ecosystem may well be very big and be worth billions.

Ethers as a token, however, are a completely different prospect. They perform a very different function to bitcoin because bitcoin is a so called 'bearer token" whereas in Ethereum the tokens are really just supporting the network security and liquidity. Sure they will be worth something but not necessarily as a store of value.

A good example if the difference is this: To transfer a $million using a smart contract on the Ethereum network will cost you only as much Ether as is needed to execute the contract.

On the other hand, to transfer $million worth of value on the bitcoin network - you actually need the million dollars worth of bitcoin

Thats why bitcoin tokens are a store of value and ethereum tokens are not.

If you think Ethereum's going to be big, you're better investing in one of the businesses thats going to run on it rather than the tokens themselves (which are in effectively limitless supply anyway).

[UKBob]

Mined coin is mined.  It will become centralized at some point and then it will be game over for the people.  Until then enjoy the ride.  Unmined is the real future and that is why I split between Eth and rimbit.

[stoat]

Chinese miners cant even gpu farm because the latency of solved blocks is far too long with there crappy internet. By the time they solve a block someone else has already submitted an accepted block.

there are not only chinese with cheap electricity, as long as there are those with free electricity or very cheap you can not prevent centralization, no matter the algo, the coin or anything else

Google Iceland Bitcoin Mining

And yeah Stoat is as usual full of shit i can't be bothered with him *this time LOL

All i will say is adding POS to a coin 2 or 3 years after the IPO scam launch does not make it a "legit* POS coin.

What you said doesn't even make any fucking sense at all.

[jamesbo]

quit bitchin and buy eth, the coin is the future and thats that

[toknormal]

quit bitchin and buy eth, the coin is the future and thats that

No. That isn't "that".

Think of it this way. A 100 dollar bill is printed on paper. The bill is the contract and the paper is the carrier of that contract.

By buying Ethereum tokens, you're investing in the paper, not the contract. You have no rights to the contract just because you own some of the tokens that it's "printed on'.

Bitcoin, on the other hand, is a bearer token. What that means is that the token IS the contract.

So, even though Ethereum may be "the future" in terms of technological and commercial decentralisation, Ether tokens are not the future in terms of store of value.

You're holding hot air. (Hot air that's in limitless supply by the way, so the actual stuff might be a better buy    )