BTC vs BTU will lead to Ethereum dominance.

[d5000]

I agree that Ethereum needs to address scalability, my point is mainly that I think because of Ethereum's much better organizational structure as compared to BTC Ethereum has a much better chance of actually fixing the issues with blockchain technology. 

It's true that Bitcoin's governance system could be improved, but I don't think Ethereum has more to offer here. Remember The DAO and it's hard fork which led to ETC?

All I've heard of is that in Ethereum decision making is much more centralized than in Bitcoin. That's only a short-term advantage and may be suitable for the early stage the project is actually in. In the long run, Ethereum will run into the same problems that Bitcoin has today.

So for now, none of both has any governance advantage and I doubt any cryptocurrency has really a sound governance concept. There are interesting experiments, however (e.g. Decred), but it's to be seen if they work.

[1715457928]

1715457928

[mining1]

Look, a bit of honesty here: i currently don't own any btc and i wouldn't want to be in your shoes guys. Bitcoin's problem is that the mining cartels are also it's leadership. Both BU and core are mining cartels, am i right ? Otherwise there wouldn't be such a power struggle. I fear that if the btc implode in a spiral it might kill billions $ in value with it. It already did, but much more will follow.
Ethereum had a controversial fork in the past, and after that a bitcoin mining cartel whale, chandler guo, along with barry sillbert tried a flippening attempt but it didn't work out because they weren't supported by the eth foundation, who were supported themselves by every dapp developer, institution, corporations, and the random casual miners.

[AngryDwarf]

And crypto will be better off because of it.  Ethereum has a better network with more utility (contracts) and can do currency just like BTC.

I wonder how many users have actually taken ETH off exchange and stored it in their own wallet.
Try downloading the full blockchain. Is the same size as BTC with less history, takes 5 times as long on an SSD and uses a lot of disk I/O.
In my opinion, it is not an efficient payment processor. It should be used as the distributed computing platform it was designed for.

So why is Ethereum a better network?

[kokojie]

And crypto will be better off because of it.  Ethereum has a better network with more utility (contracts) and can do currency just like BTC.

I wonder how many users have actually taken ETH off exchange and stored it in their own wallet.
Try downloading the full blockchain. Is the same size as BTC with less history, takes 5 times as long on an SSD and uses a lot of disk I/O.
In my opinion, it is not an efficient payment processor. It should be used as the distributed computing platform it was designed for.

So why is Ethereum a better network?

No regular user download the full blockchain nowadays, Bitcoin users don't download the Bitcoin blockchain neither. There's probably nearly a million Bitcoin users, and only a few thousand full nodes. ETH actually has more full nodes than Bitcoin atm.

[mining1]

The fact that it takes the same hdd space (i take your word for it, i dont have btc chain downloaded) has nothing to do with efficiency. ATM it is several times faster. In few weeks raiden, which is lightning network equivalant, will be implemented. First guess was late march but it was pushed into early april, no exact date.
Plus, if bitcoin happens to die, every single investor will be more cautious about what they invest into. The era when faith was all it was needed to keep a coin value up will be over. People will document themselves more, research more.
ETH's value is backed up by several factors:
1. ethereum foundation which is extremely transparent. After the dao hack they lived off the dumped etc, eth tokens quantity sold is negligible at best.
2. dapp developers and the entire dev ecosystem
3. institutions and corporations working on ethereum and contributing to the platform. JP morgan released some eth software aswell on github, but i didn't research so most likely there's ton of software released by corporations, i just happen to stumble over it, i didn't look for it. Also santander bank has a demo on youtube demonstrating the crypto backed by fiat tokens on ethereum. But for public release massive scaling is needed. UN works silently on ethereum aswell. You see, these institutions, academics, they don't make press conferences to announce they work on it, but that pic doesn't need any more words http://innovation.wfp.org/blog/blockchain-crypto-assistance-wfp .
4. EF has no mining cartel, unlike bu-core.

[Amph]

And crypto will be better off because of it.  Ethereum has a better network with more utility (contracts) and can do currency just like BTC.

I wonder how many users have actually taken ETH off exchange and stored it in their own wallet.
Try downloading the full blockchain. Is the same size as BTC with less history, takes 5 times as long on an SSD and uses a lot of disk I/O.
In my opinion, it is not an efficient payment processor. It should be used as the distributed computing platform it was designed for.

So why is Ethereum a better network?

No regular user download the full blockchain nowadays, Bitcoin users don't download the Bitcoin blockchain neither. There's probably nearly a million Bitcoin users, and only a few thousand full nodes. ETH actually has more full nodes than Bitcoin atm.

are ETH full node rewarded for their job? otherwise what is the reason for them to have a full node? the only oen that i can think of is that ETH full node are less expensive to run

anyway altcoin ar enot better network, people already forgotten the ETH problem, and are only in pnic mode because of the hard fork of bitcoin

And crypto will be better off because of it.  Ethereum has a better network with more utility (contracts) and can do currency just like BTC.

I wonder how many users have actually taken ETH off exchange and stored it in their own wallet.
Try downloading the full blockchain. Is the same size as BTC with less history, takes 5 times as long on an SSD and uses a lot of disk I/O.
In my opinion, it is not an efficient payment processor. It should be used as the distributed computing platform it was designed for.

So why is Ethereum a better network?

it has nothing to do with that, people just are unsecure when something like this happen and now they are storing their funds in the altnetwork

hilarious isn't it, when you fear that you lose fiat money you stotre on bitcoin, when you fear that you lose bitcoin money you store in the altcoin...

[AngryDwarf]

No regular user download the full blockchain nowadays, Bitcoin users don't download the Bitcoin blockchain neither. There's probably nearly a million Bitcoin users, and only a few thousand full nodes. ETH actually has more full nodes than Bitcoin atm.

So basically you are saying users are using pruned nodes in ethereum at the moment, and there are very few full history ethereum nodes around.

[Text]

In my opinion, no altcoin can replace bitcoin as we can see it still and always on the top. Those issues will be washed out by the network improvements. Well my vote goes to ETH and not for the BTU clone. BTC can survive and will recover as it was already proven.

[mining1]

Not really. The light client will come in june. A full node is not really a burden for any decent pc. Took me less than an hour 3 ago to fully dl it with an i5, ssd and 10mb/s.
Text, but how will it recover ? BTC crashed from 1200 to several few years ago, but it still was wayy more valuable than any other altcoin. And it crashed because of dumps, but now it's foundation was shaken. The very faith that kept btc in the first place is now threatened.

[1urker]

And crypto will be better off because of it.  Ethereum has a better network with more utility (contracts) and can do currency just like BTC.

DASH will.

And XMR will be there too.

[shamzblueworld]

And crypto will be better off because of it.  Ethereum has a better network with more utility (contracts) and can do currency just like BTC.

I hope not, BTC is the pioneer of all and also the most trusted one as it has been through it all too, so I hope its dominance remains and I think it will.

[gredisgold88]

BTC is the founding father, he will remain alive in the world cryptoccurency. possible after release BTU, BTC will go down a lot, but I think it is only temporary, and BTU only be an alternative transaction. I look at some of the mainstream market that use bitcoin is a lot, and still use bitcoin for gambling. so just illusions and hoaxes are said bitcoin will die and be shifted to other altcoin.

[gadsden76]

And crypto will be better off because of it.  Ethereum has a better network with more utility (contracts) and can do currency just like BTC.

I hope not, BTC is the pioneer of all and also the most trusted one as it has been through it all too, so I hope its dominance remains and I think it will.

Look, I hope so too, but if BTU wins or splits the network ETH is the only way forward for crypto. I suggest to at least diversify into it.

[Wapinter]

To me btc is best of all currently available Crypto but if in any unlikely situation, hard fork occur, I would move to some better Altcoin than ETH.

[European Central Bank]

Look, I hope so too, but if BTU wins or splits the network ETH is the only way forward for crypto. I suggest to at least diversify into it.

if it attracts an influx of bitcoin users then they'll probably bring all the same psychopathic traits and cause ethereum to start creaking.

ETH actually has more full nodes than Bitcoin atm.

the one and only reason for that is that they're gpu mining.

[paul gatt]

If they do not have a solution to solve the current problem of bitcoin, it will collapse, and the alt coins will rise to the throne, which is sure to happen. While bitcoin is declining, alt coins are growing and rising to record levels. I personally think the BTU should be rejected, because it's just an alt coin of greed, so it will not be the market's favorite, bitcoin core is always the belief of everyone. ETH is developing very strongly, its future will be beautiful, and it can dominate the market if bitcoin breaks down.

[BitcoinHodler]

OP is right afterall, the bitcoin debates and the fluctuations or even sometimes when bitcoin price stays the same stable price, it is always a good opportunity for ethereum supporters to pump their coin and help us bitcoinhodlers hodl more bitcoin when we dump etherum after the pump

[Arcteryx]

The fact that it takes the same hdd space (i take your word for it, i dont have btc chain downloaded) has nothing to do with efficiency. ATM it is several times faster. In few weeks raiden, which is lightning network equivalant, will be implemented. First guess was late march but it was pushed into early april, no exact date.
Plus, if bitcoin happens to die, every single investor will be more cautious about what they invest into. The era when faith was all it was needed to keep a coin value up will be over. People will document themselves more, research more.
ETH's value is backed up by several factors:
1. ethereum foundation which is extremely transparent. After the dao hack they lived off the dumped etc, eth tokens quantity sold is negligible at best.
2. dapp developers and the entire dev ecosystem
3. institutions and corporations working on ethereum and contributing to the platform. JP morgan released some eth software aswell on github, but i didn't research so most likely there's ton of software released by corporations, i just happen to stumble over it, i didn't look for it. Also santander bank has a demo on youtube demonstrating the crypto backed by fiat tokens on ethereum. But for public release massive scaling is needed. UN works silently on ethereum aswell. You see, these institutions, academics, they don't make press conferences to announce they work on it, but that pic doesn't need any more words http://innovation.wfp.org/blog/blockchain-crypto-assistance-wfp .
4. EF has no mining cartel, unlike bu-core.

Those are some good points.
And what really shook me about ethereum is the United Nations operative who are using it to better those poorer countries in a way for them to use it as a means to buy food with it. Unlike what bitcoin has been known for gambling with and using it as a means to buy illicit drug with it via it's frontier inception into the spotlight silk road.
That will never be bleached out of the minds of those who use it no matter how hard any one governing body tries to white wash it away.
Atleast ethereum has a clean start to work with reputation wise.

[mkmdoc]

In my opinion, no altcoin can replace bitcoin as we can see it still and always on the top. Those issues will be washed out by the network improvements. Well my vote goes to ETH and not for the BTU clone. BTC can survive and will recover as it was already proven.

Yes, you are right bitcoin is facing network problem that's all. Issues will be solved once everything is setup with network improvements and also many people are mis propagating the news about the split of Bitcoin into BTU. But it cannot survive like Bitcoin in the market, it is same like ETC = BTU.

[lumeire]

so...then the corollary must be Bitcoin unity = Ethereum worst nightmare.

Still such an oversimplification. Both grows irregardless of the other. The only difference is that ETH seems to be led by more competent devs.