Could Ethereum takeover Bitcoin?

[kanazawa]

Everything depends on acceptance. Since ETH and Bitcoin are getting more and more every day, both are in continuos developing so, taking in account the size of the whole systems and community involved I don't think ETH will takeover Bitcoin (at least until 2020). That's my opinion.

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[LiberOptions]

Ethereum Network Comes Across Yet Another DOS Attack

Ethereum is definitely heading towards trouble. The promising blockchain-based smart contracts protocol has been facing a lot of issues in the recent days, the latest one being yet another DOS attack.

A brief alert about the latest DOS attack was published earlier yesterday on Ethereum’s blog. The alert statement reads,

“URGENT ALL MINERS: The network is under attack. …a computational DDoS, i.e. miners and nodes need to spend a very long time processing some blocks. …due to the EXTCODESIZE opcode, which has a fairly low gas price but which requires nodes to read state information from disk; the attack transactions are calling this opcode roughly 50,000 times per block. “

Link

[Westingcote]

Ethereum Network Comes Across Yet Another DOS Attack

Ethereum is definitely heading towards trouble. The promising blockchain-based smart contracts protocol has been facing a lot of issues in the recent days, the latest one being yet another DOS attack.

A brief alert about the latest DOS attack was published earlier yesterday on Ethereum’s blog. The alert statement reads,

“URGENT ALL MINERS: The network is under attack. …a computational DDoS, i.e. miners and nodes need to spend a very long time processing some blocks. …due to the EXTCODESIZE opcode, which has a fairly low gas price but which requires nodes to read state information from disk; the attack transactions are calling this opcode roughly 50,000 times per block. “

Link

It is better for the Ethereum to be attacked now so that the vulnerability will be reparied when the price is low.

[amacar2]

Everything depends on acceptance. Since ETH and Bitcoin are getting more and more every day, both are in continuos developing so, taking in account the size of the whole systems and community involved I don't think ETH will takeover Bitcoin (at least until 2020). That's my opinion.

Not only untill 2020 i think ETH don't have enough power to be in position of bitcoin anytime in future. ETH is fully centralized crypto right now and its clone ETC can easily take over all the features of ETH if more and more dev start developing for ETC.

[mummybtc]

The integration of SW into Bitcoin when successful will finally change the game for Bitcoin and even widen the gap between Bitcoin and Altcoins, If you want to write smart contract and Bitcoin can offer all Ethereum is offering majority will go for Bitcoin because of the track record and the DAO debacle did not cover Ethereum developers in glory

[Wexnident]

The integration of SW into Bitcoin when successful will finally change the game for Bitcoin and even widen the gap between Bitcoin and Altcoins, If you want to write smart contract and Bitcoin can offer all Ethereum is offering majority will go for Bitcoin because of the track record and the DAO debacle did not cover Ethereum developers in glory

The DAO debacle is just the growth pain. There will be more growth pain in the future, for example, it is suffering from the DDOS attack.

[EssentialCoin]

The integration of SW into Bitcoin when successful will finally change the game for Bitcoin and even widen the gap between Bitcoin and Altcoins, If you want to write smart contract and Bitcoin can offer all Ethereum is offering majority will go for Bitcoin because of the track record and the DAO debacle did not cover Ethereum developers in glory

The DAO debacle is just the growth pain. There will be more growth pain in the future, for example, it is suffering from the DDOS attack.

That is very true. The Etheruem is just 1 year old. It is still in the very early stage of the big development.

[d-trix]

Everything depends on acceptance. Since ETH and Bitcoin are getting more and more every day, both are in continuos developing so, taking in account the size of the whole systems and community involved I don't think ETH will takeover Bitcoin (at least until 2020). That's my opinion.

Not only untill 2020 i think ETH don't have enough power to be in position of bitcoin anytime in future. ETH is fully centralized crypto right now and its clone ETC can easily take over all the features of ETH if more and more dev start developing for ETC.

I agree, but the problem with ETC it also derived the vulnerability of ETH from dos attack vectors which may result in more hardforks in the future. 

[EssentialCoin]

Everything depends on acceptance. Since ETH and Bitcoin are getting more and more every day, both are in continuos developing so, taking in account the size of the whole systems and community involved I don't think ETH will takeover Bitcoin (at least until 2020). That's my opinion.

Not only untill 2020 i think ETH don't have enough power to be in position of bitcoin anytime in future. ETH is fully centralized crypto right now and its clone ETC can easily take over all the features of ETH if more and more dev start developing for ETC.

I agree, but the problem with ETC it also derived the vulnerability of ETH from dos attack vectors which may result in more hardforks in the future. 

As long as the forks can solve the problem, it is still a good coin. Both coins are in early stage of development.

[xuan87]

No i don't think Eth can become bitcoin replacement, we had witnessed eth being fork two times, I don't think there will be a lot of people want to invest in this coin anymore, if eth become the cryto coin leader and another fork is happening it will shake all of crypto currency market, so i think it is very dangerous to put eth as leader

[hisuka]

For me I dont think eth will takeover bitcoin as I observed for
the past years still bitcoin is continoulsy increasing in the market.
Bitcoin is becoming a big hit in the market and increasing its demand.
Eth maybe will takeover if they have a new plan or project that will lead
or pass all of the cryptocurrency.

[JeffBrad12]

For me I dont think eth will takeover bitcoin as I observed for
the past years still bitcoin is continoulsy increasing in the market.
Bitcoin is becoming a big hit in the market and increasing its demand.
Eth maybe will takeover if they have a new plan or project that will lead
or pass all of the cryptocurrency.

If you can do typewriter about the definition of the alternate coin on some reliable source in google, you may finding the others.
Even zcash with amazing starting rate are can't defeating bitcoin. the chairs of bitcoin are too strongly.

[Snorek]

If you can do typewriter about the definition of the alternate coin on some reliable source in google, you may finding the others.
Even zcash with amazing starting rate are can't defeating bitcoin. the chairs of bitcoin are too strongly.

We all can give examples of altcoins with an amazing start, high hopes and expectations. Most of them are graveyard coins now.
Overhyped launch is name of the game here. Zcash is not any different it will soon find itself outside first league - yesterday Zcash'd price: $200; today's $173.

[Leonard2016]

If you can do typewriter about the definition of the alternate coin on some reliable source in google, you may finding the others.
Even zcash with amazing starting rate are can't defeating bitcoin. the chairs of bitcoin are too strongly.

We all can give examples of altcoins with an amazing start, high hopes and expectations. Most of them are graveyard coins now.
Overhyped launch is name of the game here. Zcash is not any different it will soon find itself outside first league - yesterday Zcash'd price: $200; today's $173.

all of the altcoins all dying and the bigger their price have been the faster they are dying to day!

and ZCash in the living proof of this theory that i said. it started out with a price which was even more than bitcoin in a very short time and now the dying process is also fast.

[c4s7or]

If you can do typewriter about the definition of the alternate coin on some reliable source in google, you may finding the others.
Even zcash with amazing starting rate are can't defeating bitcoin. the chairs of bitcoin are too strongly.

We all can give examples of altcoins with an amazing start, high hopes and expectations. Most of them are graveyard coins now.
Overhyped launch is name of the game here. Zcash is not any different it will soon find itself outside first league - yesterday Zcash'd price: $200; today's $173.

all of the altcoins all dying and the bigger their price have been the faster they are dying to day!

and ZCash in the living proof of this theory that i said. it started out with a price which was even more than bitcoin in a very short time and now the dying process is also fast.

Zcash isnt dying its just getting a reasonable price after this crazy hype.

[jubalix]

The issue is the DOA has done such damage to the ETH brand and now ETC exists .... I am not sure how they could have more effectively shout themselves in the foot.

This is going to take a while to recover from but

also the threat of a lot of edge cases hold it back versus btc long legacy of performance,

that said BTC has had its hard forks on at least 2 occasions to be fair the overflow one and the block issue back in 2013...

[BTC_Universe]

It will be hard for ethereum to do so as bitcoin has sort of created a monopoly (it's top of the market). Bitcoin also has significantly more users. Ethereum will probably become the main altcoin.

[Naughtis]

It will be hard for ethereum to do so as bitcoin has sort of created a monopoly (it's top of the market). Bitcoin also has significantly more users. Ethereum will probably become the main altcoin.

That is right. The Bitcoin will be the number one coin for long time to come. Ethereum will be just one application.

[Pursuer]

The issue is the DOA has done such damage to the ETH brand and now ETC exists .... I am not sure how they could have more effectively shout themselves in the foot.

This is going to take a while to recover from but

also the threat of a lot of edge cases hold it back versus btc long legacy of performance,

that said BTC has had its hard forks on at least 2 occasions to be fair the overflow one and the block issue back in 2013...

every project is bound to have its flaws which are called bugs, and these things are found and fixed. about bitcoin this has been true about those forks and those were complete forks with consensus.

you cant compare it with ethereum fork which was without consensus (that is why it lead to existence of ETC) and it was not because of a bug! it is how ethereum works and if the whales had not lost money they would have never forked it.

[greenuser]

Everything depends on acceptance. Since ETH and Bitcoin are getting more and more every day, both are in continuos developing so, taking in account the size of the whole systems and community involved I don't think ETH will takeover Bitcoin (at least until 2020). That's my opinion.

I agree however, maybe if you could find a way of making people use Ethereum "against their will" then it will overtake Bitcoin. Maybe get George Soros and "MoveOn" behind it and put non users in FEMA camps.
One thing is for sure, I will resist using it if it costs me my life. I will burn all my money before i use ethereum again. It stands for everything that is wrong in the world. I will campaign for people not to use it and will do my best to get the message out to as many people as i can that it is just bad science.

You have to remember, most people that watch TV do not know how TV works. If a crypto goes mainstream the same will apply. My knowledge is not vast but bitcoin works for me and i use it everyday.

I don't "Hate" many things in my life: Satan, ISIS, the Clinton's (but only for funding the IRA that bombed my city when i was a child, we have forgiven the IRA now but not the Clintons) and Ethereum.  I love most other things.

Anyhow, no worries it's not even the top altcoin.