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Author Topic: Could Ethereum takeover Bitcoin?  (Read 7183 times)
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May 21, 2016, 05:06:19 PM
 #21

Alright, thanks for the corrections. Bitcoin has still been here longer than eth though.

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May 21, 2016, 05:32:03 PM
 #22

While it is technically possible for this to happen in the short term here, I would be very surprised. I'm a huge Ethereum bull, but it should *not* be the crypto leader at this point. Bitcoin has a very important roll to play - it is established, stable and secure. Its the honey badger and its not going anywhere.

Ethereum is planning on moving from PoW to PoS as well as trying to implement a variety of scaling improvements. Those are not "sure things" and if they fail to deliver on them, ETH will likely fall by the wayside. There is undeniable risk here that you should be taking into account. The fact that we are looking at "moon" situations here is premature. If you want to ride the wave, invest modestly and follow the development path to make sure we are on track before betting the farm. If we go through the next couple major development releases with no hiccups, then I think it will be fair to start the hype train up.
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May 21, 2016, 05:35:21 PM
 #23



Ethereum is planning on moving from PoW to PoS as well as trying to implement a variety of scaling improvements. Those are not "sure things" and if they fail to deliver on them, ETH will likely fall by the wayside. There is undeniable risk here that you should be taking into account. The fact that we are looking at "moon" situations here is premature. If you want to ride the wave, invest modestly and follow the development path to make sure we are on track before betting the farm. If we go through the next couple major development releases with no hiccups, then I think it will be fair to start the hype train up.

If they succeed they are in a unique position. The PoS thing alone means that they won't be at the mercy of Chinese miners. Instead exchanges can stake and supply themselves. It changes who has "control" of the currency, and that affects who wishes to hold it.

 
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May 21, 2016, 05:47:35 PM
 #24

Except proof of stake has no value whatsoever.  You shills and scammers can go ahead and give up spamming all your Eth pump topics:

Why proof of stake has no value:

Since Satoshi did not solve the Byzantine generals problem, this means confirmations are completely arbitrary.  So why are two confirmations more useful in Bitcoin (PoW) than one?  Because it's an open entropy system where over a period of time, it's either unlikely or statistically impossible for someone to maintain a monopoly on block validation when there is no upper limit to confirmations.

Recursive systems like proof of stake tend to permanently monopolize block validation by design, with no real fault or state recovery to fix it once it goes off the rails.  This makes a proof of stake confirmation essentially worthless due to being a bounded entropy system.

On top of being worthless, proof of stake is also a permissioned ledger since the purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.

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May 21, 2016, 05:51:59 PM
 #25

This is just hype. It will crash, make no mistake
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May 21, 2016, 05:52:31 PM
 #26

Alright, thanks for the corrections. Bitcoin has still been here longer than eth though.
And?

Past performance is indicative to the future?

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May 21, 2016, 05:53:28 PM
 #27

This is just hype. It will crash, make no mistake
Just like Bitcoin obviously.

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May 21, 2016, 06:08:09 PM
 #28

Yes, ofcourse eth could takeover bitcoin, anything is possible. But bitcoin has the biggest advantage, and that's first mover advantage. I dont see bitcoin being n1 for much longer and if it's losing that spot, i dont think we'll have a real number 1 crypto (ethereum might replace it but it wont become as valuable).
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May 30, 2016, 08:15:29 AM
 #29

Yes, ofcourse eth could takeover bitcoin, anything is possible. But bitcoin has the biggest advantage, and that's first mover advantage. I dont see bitcoin being n1 for much longer and if it's losing that spot, i dont think we'll have a real number 1 crypto (ethereum might replace it but it wont become as valuable).

The market cap of the Etheruem can be much higher than now, but it will never be higher than the bitcoin.
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May 30, 2016, 10:41:26 AM
 #30

Nah, there's still a chance eth might turn scam. Bitcoin has been here for years, eth has been here for about 10 months(correct me if I'm wrong.)

i dont see the point how a swiss non profit foundation can scam you Roll Eyes *just my opinion*
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May 30, 2016, 12:10:09 PM
 #31

It needs some time but is going to be the most widely used cryptocurrency.
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June 08, 2016, 04:37:22 PM
 #32

It needs some time but is going to be the most widely used cryptocurrency.

The Etheruem is still too young. It is not widely used. So it might take long time for it to catch up with bitcoin.
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June 13, 2016, 06:37:17 PM
 #33

It needs some time but is going to be the most widely used cryptocurrency.

The Etheruem is still too young. It is not widely used. So it might take long time for it to catch up with bitcoin.

We can answer the question in 5 to 10 years. At present, the Etheruem is just two years old and bitcoin is just 7 years old.

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June 13, 2016, 07:01:20 PM
 #34

Bitcoin is the base currency of the digital world or the reserve currency in a few years. Etheruem is just a fuel.

 
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June 13, 2016, 10:57:06 PM
 #35

like comparing apples and oranges. Ether is gas, where bitcoin is more of a currency.

Each has its own applications and will continue to be of use.
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June 13, 2016, 11:14:08 PM
 #36

Nah, I dont think it will be so, ethereum is more technology then payment solution, did you hear someone bought a pizza with ethereum? Lol

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June 13, 2016, 11:14:29 PM
 #37

Both appreciate in value. One vs the other in the wrong way to look at it. Both should have higher prices in the future.
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June 13, 2016, 11:40:43 PM
Last edit: June 14, 2016, 12:02:23 AM by haendehochueberfall
 #38

OP, no way that'll happen simply because it's already admitted that ETH is a coin that makes its rules as it goes along. That means: zero transparency and a lot of room for insider trading.

It's also not decentral.

And the supply is with the pumpers now who bought a lot way too high and will have to unload at some point. I wouldn't buy in as long as the pumpgroup is active.

So it's a shitcoin at best and a scam at worst.
Don't think btc has anything top fear from it.


When you guys say, "Ethereum will take over Bitcoin as the next viable cryptocurrency" you are hugely mistaken.  It's not even a currency to say the least, it just acts like a currency because you can trade it in for bitcoins and also be able to send them, which makes it an asset at the least... An asset that allows you to access the services that Ethereum has the potential to provide.

Ethereum isn't a currency.


What a load of claptrap.  ETH works fine as a currency

It's a token issued by a central authority. It's certainly not a 'cryptocurrency' like Bitcoin or Litecoin.
It's just riding the coattail of these, that's also why it doesn't stand a chance.

Also: maybe they can sucker in some stupid money but i honestly can't see me or anyone i know recommending that to people. So their network effect is close to zero.


I think the pumpers will dump on each other in the next run up to not produce fatal losses for themselves. They do need another pump and suckers to buy to get out in good profit. If they see they can't find the suckers they just dump on each other.
Nothing for the little man to take part in.
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June 14, 2016, 02:36:52 AM
 #39

No long speech. just...https://www.youtube.com/watch?v=5UzCsG0YBz0 1:00 mark

Rule #1:Never lose money.
Rule #2: Never forget #
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June 15, 2016, 07:20:17 AM
 #40


It's a token issued by a central authority. It's certainly not a 'cryptocurrency' like Bitcoin or Litecoin.
It's just riding the coattail of these, that's also why it doesn't stand a chance.

Also: maybe they can sucker in some stupid money but i honestly can't see me or anyone i know recommending that to people. So their network effect is close to zero.


Do you think the bitcoin is a token issued by a central authority. I thought bitcoin is decentralised, so is the Ethereum.

 
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