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Author Topic: So....Bitcoin the new alt Eth the main?  (Read 1711 times)
alexsamudra
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May 31, 2017, 03:41:44 AM
 #21

If the market starts in two pillars of the name once the momentum begins then it will not be too late.
Rejecting rationality is not a good idea

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May 31, 2017, 10:47:14 AM
 #22

actually I am kind of glad this happened. because finally, either I will be proven wrong and I'll gladly accept it, or we see that I am right and maybe people start looking at other things than just price and marketcap when it comes to comparing an altcoin to bitcoin.

let ethereum become bigger, more used.
let the number of transaction on its network increase to near bitcoin's level.
let ethereum network be "stress tested" for 3 years, something that we have been experiencing in bitcoin with the same name but it is really spam attack.
let the transaction fees grow to $0.75 (currently there) and then $1 and then $2 and so on.
let the size of their blockchain get extremely big and centralizes the nodes
let the mining of it become big and let China get in on it and start their farms with new more efficient equipments.
let another DAO scam and another roll back hard fork and a chain split happen.

and lots more, and then lets see how they will do in real world not just on exchanges and on paper with some numbers showing bigger marketcap because they simply have 6 times more the supply of bitcoin but not even half its circulating supply or distribution.

there is going to be solutions to TPS in one form or another, the point is active DEV is taking place on ETH

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May 31, 2017, 01:29:17 PM
 #23

actually I am kind of glad this happened. because finally, either I will be proven wrong and I'll gladly accept it, or we see that I am right and maybe people start looking at other things than just price and marketcap when it comes to comparing an altcoin to bitcoin.

let ethereum become bigger, more used.
let the number of transaction on its network increase to near bitcoin's level.
let ethereum network be "stress tested" for 3 years, something that we have been experiencing in bitcoin with the same name but it is really spam attack.
let the transaction fees grow to $0.75 (currently there) and then $1 and then $2 and so on.
let the size of their blockchain get extremely big and centralizes the nodes
let the mining of it become big and let China get in on it and start their farms with new more efficient equipments.
let another DAO scam and another roll back hard fork and a chain split happen.

and lots more, and then lets see how they will do in real world not just on exchanges and on paper with some numbers showing bigger marketcap because they simply have 6 times more the supply of bitcoin but not even half its circulating supply or distribution.
the point is active DEV is taking place on ETH
The difference is that if the ETH devs were inactive there would be no way out.

Bitcoin has clear alternatives like Rootstock and BU, and whether or not people like them is another matter - the point is that Bitcoin has the opportunity to change, while ETH's development is so heavily centralised that its path seems fully dictated by Buterin.

More tokens could be created in future versions for all we know, considering that they hard fork at a rate of fifty hard forks per second.

ETH is like the evil genius of the crypto world, getting bigger and more evil as it goes on.

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May 31, 2017, 01:38:11 PM
 #24

The thing that is really hilarious to me in this thread is the blatant disregard that Ethereum is not supposed to be used as a straight up currency like Bitcoin is supposed to be used for.

Bitcoin was meant as a currency, and is also mainly used as a speculation vehicle, not as a currency to "buy stuff with" (yes, a few percent of the daily volume is probably dedicated to that).   What does bitcoin have to offer ?  A token that can be transmitted, and that people seem to appreciate for value.  The ethereum token is similar.  You can do other stuff on the ethereum block chain too, but what bitcoin has to offer, the ethereum token can do it too.

Note that neither is a good currency.  Both are betting tokens.  Both can be used also to transact value, and so have some currency-like usage.  Both majority usage is not that of a currency.  Both majority usage is pure speculation.

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May 31, 2017, 01:52:48 PM
 #25

actually I am kind of glad this happened. because finally, either I will be proven wrong and I'll gladly accept it, or we see that I am right and maybe people start looking at other things than just price and marketcap when it comes to comparing an altcoin to bitcoin.

let ethereum become bigger, more used.
let the number of transaction on its network increase to near bitcoin's level.
let ethereum network be "stress tested" for 3 years, something that we have been experiencing in bitcoin with the same name but it is really spam attack.
let the transaction fees grow to $0.75 (currently there) and then $1 and then $2 and so on.
let the size of their blockchain get extremely big and centralizes the nodes
let the mining of it become big and let China get in on it and start their farms with new more efficient equipments.
let another DAO scam and another roll back hard fork and a chain split happen.

and lots more, and then lets see how they will do in real world not just on exchanges and on paper with some numbers showing bigger marketcap because they simply have 6 times more the supply of bitcoin but not even half its circulating supply or distribution.
the point is active DEV is taking place on ETH
The difference is that if the ETH devs were inactive there would be no way out.

Bitcoin has clear alternatives like Rootstock and BU, and whether or not people like them is another matter - the point is that Bitcoin has the opportunity to change, while ETH's development is so heavily centralised that its path seems fully dictated by Buterin.

Well, ethereum has had a split, so there IS an alternative, namely ETC.  In a way, ETC could be seen as a kind of back up to ETH, in the same way that litecoin can be seen as a backup to bitcoin.

The nice thing about ethereum is that it has no ideals: it is obviously centralized (so there will not be any fake arguments to "avoid centralization") on the Foundation ; it has destroyed its belief in "immutability" (if Vitalik is involved enough, he will push out a fork that will roll back any problematic behaviour) ; it is hard forking regularly ; it has survived a contentious hard fork.

In other words, ethereum is a battle-hardened real-politic version of crypto, with no illusions, but with a kind of compromise between the easiness of central authority and sufficient crypto to make something that runs very well in practice but has no principles.

It will never run in silly wars with false arguments ; as "proof of stake" is to be deployed in a vague future, no miner cartel will ever be the boss on ethereum.  What bitcoin is dreaming off without knowing how to pull it ("changing PoW"), Vitalik can do it in a matter of months.  No-one is going to invest in ASIC development when Vitalik can kill that by just changing the PoW algo or by finally launching Casper proof of stake.

Quote
More tokens could be created in future versions for all we know, considering that they hard fork at a rate of fifty hard forks per second.

Yup, it is an ugly crypto without principles, that works super like hell.  No silly dreams of "taking out the banks", no silly dreams of "blowing away fiat".  Just something done by a central authority, that runs smoothly, and has all the bells and whistles that one can think off and that invites you to build whatever you like on top of it.  This is a killer.

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May 31, 2017, 01:54:37 PM
 #26

The thing that is really hilarious to me in this thread is the blatant disregard that Ethereum is not supposed to be used as a straight up currency like Bitcoin is supposed to be used for.

Bitcoin was meant as a currency, and is also mainly used as a speculation vehicle, not as a currency to "buy stuff with" (yes, a few percent of the daily volume is probably dedicated to that).   What does bitcoin have to offer ?  A token that can be transmitted, and that people seem to appreciate for value.  The ethereum token is similar.  You can do other stuff on the ethereum block chain too, but what bitcoin has to offer, the ethereum token can do it too.

Note that neither is a good currency.  Both are betting tokens.  Both can be used also to transact value, and so have some currency-like usage.  Both majority usage is not that of a currency.  Both majority usage is pure speculation.

the difference is that bitcoin is meant to be used as a currency and it was invented as a currency and the developer also called it a currency.
meanwhile ethereum is not even supposed to be used as a currency, nobody calls it a currency and the developer is even claiming it is not supposed to be a currency.

and yet people compare them!

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May 31, 2017, 01:55:21 PM
 #27


let ethereum become bigger, more used.
let the number of transaction on its network increase to near bitcoin's level.
let ethereum network be "stress tested" for 3 years, something that we have been experiencing in bitcoin with the same name but it is really spam attack.
let the transaction fees grow to $0.75 (currently there) and then $1 and then $2 and so on.
let the size of their blockchain get extremely big and centralizes the nodes
let the mining of it become big and let China get in on it and start their farms with new more efficient equipments.
let another DAO scam and another roll back hard fork and a chain split happen.

The real stress test would be pointing Jihan BU and his trolls to ETH's direction. I would pay to see them giving cancer to ETH users every day.

ETH did good till now with protecting themselves from ASICs on the other hand. I must give it to them. I hated ETH for so long but in the end i only lost money by not investing. Making money has nothing to do with emotions. I learnt it i hope.

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May 31, 2017, 01:59:03 PM
 #28

Another thing is that Ethereum has had almost no major exposure to the ordinary, middle class folks. Sure people know about bitcoin, but Ethereum could use the PR work Bitcoin has done and do a leapfrog. I would imagine ETH going to 500+ with the coverage BTC is getting. FOMO is another thing too

ETH can be more powerful than bitcoin, but it's not powerful enough and the potential for government recognition is still a fledgling currency. Its development is like all other altcoins, its value is not stable. If it wants to compete with bitcoin, it's still not powerful enough. It takes more time.


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May 31, 2017, 01:59:15 PM
 #29

I think yes, bitcoins will be altcoins because of ethereum, ethereum has much beneficial than bitcoins, on ethereum we can makes program be called dapps even ethereum can be used as currency, we can not build program on bitcoins of blockchain, it is just for makes payment with large of amount payment, bitcoins is not nice for small amount of payment because of the expensive costs to sending bitcoins.
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May 31, 2017, 02:03:35 PM
 #30

The real stress test would be pointing Jihan BU and his trolls to ETH's direction. I would pay to see them giving cancer to ETH users every day.

ETH did good till now with protecting themselves from ASICs on the other hand. I must give it to them. I hated ETH for so long but in the end i only lost money by not investing. Making money has nothing to do with emotions. I learnt it i hope.

haha, the eth guys are way too clever.
you see they have invested a lot of money and manpower into the project and will never let it fail like that. just google ethereum's difficulty bomb and see what they have left for the situation like that.
they will kill the project but don't let the control get out of their own hands.

and besides don't you think the Chinese would have already made a ethereum mining farm if they weren't sure they are going to fork off as soon as it happens Cheesy

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Gaaara
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May 31, 2017, 02:05:23 PM
 #31

It looks like actors in the BTC sphere have thrown their crown away.....

It seems ETH will become the largest market cap now....its pretty much a forgone conclusion, and despite the paucity of that measure, its the one that sticks in peoples minds and become as self fulfilling prophecy.

Whether ETH will retain that position is a different question.

Well done BU, well done Core.

That is quite an understatement for bitcoin, but for now lets see what will happen, because somehow btc can change the flow of the market, but no matter what happens I will still stick with bitcoin tho.

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May 31, 2017, 02:08:36 PM
 #32

I see a lot of euphoria around Ethereum, I would be more cautious. Right now they have two challenges ahead, one is the transaction fees that are getting higher, the other is the project to bring smart contracts to bitcoin. In addition to this Ethereum is still quite far from Bitcoin in terms of adoption and usability.

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May 31, 2017, 02:17:33 PM
 #33

Even if ETH market cap is bigger than BTC, that doesn't mean BTC will be seen as altcoin since ETH/BTC have different usage/goal. But it's not bad thing since bitcoin developer/community will think ways to stay as biggest/strongest cryptocurrency.

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May 31, 2017, 02:19:34 PM
 #34

eht has no value, recent huge price growth can be explained only by Vers attempts to downgrade Bitcoin and hype from some greedy people, but sooner or later hangover comes and it will be great massacre.

ps imagine if goverment wants to take over it will be enough to just grip Vitalik balls  Cheesy
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May 31, 2017, 02:21:54 PM
 #35

Its very possible since eth has a bigger coins in circulation compared to bitcoin. As of now, bitcoin is still the number one in terms of market capitalization. What the Eth had surpassed from bitcoin is the daily trading volume. In coinmarketcap Eth is at $1,581,960,000 volume in 24 hrs while bitcoin is at $1,440,320,000.
But this trading volume keep on changing and ETH may not hold this position much longer, all this volume is coming because of huge pump we have right now on ETH.

And like I have said above, bitcoin 24 hour trading volume have already surpassed that of ETH.  Cheesy

ps imagine if goverment wants to take over it will be enough to just grip Vitalik balls  Cheesy
You made my day LOL  Grin Grin



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May 31, 2017, 02:24:25 PM
 #36

It looks like actors in the BTC sphere have thrown their crown away.....

It seems ETH will become the largest market cap now....its pretty much a forgone conclusion, and despite the paucity of that measure, its the one that sticks in peoples minds and become as self fulfilling prophecy.

Whether ETH will retain that position is a different question.

Well done BU, well done Core.
Until now I still not sure about ETH. I do not know why many people say that ETH can beat the bitcoin pupularity. Maybe it could happen in the future. But for the next 10 years I'm sure bitcoin remains the best in the world of cryptocurrency. Everyone has their own opinions.

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May 31, 2017, 02:32:24 PM
 #37

It looks like actors in the BTC sphere have thrown their crown away.....

It seems ETH will become the largest market cap now....its pretty much a forgone conclusion, and despite the paucity of that measure, its the one that sticks in peoples minds and become as self fulfilling prophecy.

Whether ETH will retain that position is a different question.

Well done BU, well done Core.


ETH is a shitcoin that will crash 90% when the next DAO event happens, when the next undiscovered turing complete related crash happened, or when Vitalik Buterin and the Ethereum foundation go to jail. I don't care how high it goes in the meantime, ETH is a scam.

Core has done everything right, it's Jihan Wu's fault for bribing people into the stalemate situation to keep milking high ASICBOOSTed fees.

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May 31, 2017, 02:34:26 PM
 #38

Rootstock opened there testnet yesturday, ETH will be replaced by RSK in time. All alt-coins will eventually be replaced by sidechains.
Really a gutsy belief to have, I wouldn't put money on that.

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May 31, 2017, 02:43:03 PM
 #39

Another thing is that Ethereum has had almost no major exposure to the ordinary, middle class folks. Sure people know about bitcoin, but Ethereum could use the PR work Bitcoin has done and do a leapfrog. I would imagine ETH going to 500+ with the coverage BTC is getting. FOMO is another thing too
well it may gather attention and main stream after this huge pumped i think more and more trader will ride i will not be surprise if eth can achieved
or surpass what btc has been made for the past years of its existence, let us watch the ups and downs.

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May 31, 2017, 02:44:49 PM
 #40

Ethereum has no coin cap, and Bitcoin is capped at 21 000 000 coins. I hope people can see the difference before it is too late. Satoshi did this on

purpose, not because he just wanted to create another feature. The main goal is to simulate gold and to create a scarcity factor as a store of

value quality. If your coin cap is unlimited, what gives it a value? Correct me, if I am wrong.  Wink

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