Shit just got real

[mining1]

According to http://www.flippening.watch/ , ethereum surpassed bitcoin in volume, mining reward ( aka most secure chain by hashrate ) and nodes, having 4 times more. To be noted that even though ethereum has 92% of bitcoin's transactions, technically it has MUCH more because tokens that work on it aren't taken into consideration.

Which means, today, ethereum surpassed bitcoin by any metric, except for the market cap. Some of you listened to trolls and thought ethereum is a scam, some of you saw past that.

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[pearlmen]

According to http://www.flippening.watch/ , ethereum surpassed bitcoin in volume, mining reward ( aka most secure chain by hashrate ) and nodes, having 4 times more. To be noted that even though ethereum has 92% of bitcoin's transactions, technically it has MUCH more because tokens that work on it aren't taken into consideration.

Which means, today, ethereum surpassed bitcoin by any metric, except for the market cap. Some of you listened to trolls and thought ethereum is a scam, some of you saw past that.

What happened to ETH would have one time or the other happened to various projects that are successful today including bitcoin itself but the issue is that whether we like it or not some people will still believe while some will not. There is no need to pick offense while others are counting their losses, some others will be counting their gain. However, the market capitalization is enough for bitcoin to be at the fore front which is something it will take a while before ETH meet up with.

[botolo86]

I love the idea behind Ethereum. I am not sure it justifies the current market rate and adoption. I feel the drive is caused by ICOs and I strongly feel that all the ICOs launched so far are not worth investing, at least in term of true value. I understand people can still make good money by shorting ICOs, but I have not found any great implementation of the Ethereum network so far.

[mining1]

But that's the thing. It's hard to maintain value when you are backed by faith and not technology, usability and decentralization. That's why i never had balls to invest much into btc, i knew that one day something like this would happen.

If it eth actually surpasses btc, what do you think it will happen ? The only thing that backs it, faith, will be gone. Which means, if people sell and btc spirals down, it will be so slow that most of the value will get stuck in mempool. And eventually it will run out of buyers because people will find out about it and will simply stop buying. A mcap of 40+ bil is meaningless if no one is willing to buy because it can instantly crash.

@botolo86 true, probably half the icos launched so far are not worth investing in, but not because they're scams. But because the ideeas behind them are probably bad, and some of them do not necessarely need a blockchain. And the fact that some teams aren't very experienced.

But there are projects that attracted real titans, people with real successes. Lately so many people with 10-30 years of being succesful ( IT, finance, tech ) launched projects.

[spngebob]

I love the idea behind Ethereum. I am not sure it justifies the current market rate and adoption. I feel the drive is caused by ICOs and I strongly feel that all the ICOs launched so far are not worth investing, at least in term of true value. I understand people can still make good money by shorting ICOs, but I have not found any great implementation of the Ethereum network so far.

Exactly, market is driven because all of these projects and ICO.
I bought ethereum only because i needed to send some tokens which are using ethereum network. Unfortunately i was one of guys who were listening all shits about how ether is scam and I never invested in it.

[Fredomago]

the only thing that i didn't like with this project is the possibility of being dumped hard again i know its been quite a while that the price and volume were really increasing and many people speculate that it will continue to keep rising up the only matter is how long and how far in terms of value how the big holders will kept their coins and wait.

[mining1]

the only thing that i didn't like with this project is the possibility of being dumped hard again

1. Any crypto can be "dumped".
2. Ether was never actually dumped, like losing 40-50% of it's value overnight. If it happened it was because btc dumped too and it affected the price.

Ofcourse, with the exception of the dao panic that caused the price to lose half of it's value in ~1month i think. But even that didn't happen over night.

[Minecache]

I love the idea behind Ethereum. I am not sure it justifies the current market rate and adoption. I feel the drive is caused by ICOs and I strongly feel that all the ICOs launched so far are not worth investing, at least in term of true value. I understand people can still make good money by shorting ICOs, but I have not found any great implementation of the Ethereum network so far.

Exactly, market is driven because all of these projects and ICO.
I bought ethereum only because i needed to send some tokens which are using ethereum network. Unfortunately i was one of guys who were listening all shits about how ether is scam and I never invested in it.

I'm sorry that you listened to those goons Spoetniktard and Spartak_nt. I estimate that their 'advice' have cost you a clear $100,000.

[CuriousGeorge]

According to http://www.flippening.watch/ , ethereum surpassed bitcoin in volume, mining reward ( aka most secure chain by hashrate ) and nodes, having 4 times more. To be noted that even though ethereum has 92% of bitcoin's transactions, technically it has MUCH more because tokens that work on it aren't taken into consideration.

Which means, today, ethereum surpassed bitcoin by any metric, except for the market cap. Some of you listened to trolls and thought ethereum is a scam, some of you saw past that.

Who said that the ethereum just a scam coin and they must cry to see the real potential of etehreum token. That means the ethereum already surpassed bitcoin regarding the technical analysis and it looks good.
How the community is always growth everytime.

Ethereum to be the number 1 is really possible.

[eddie13]

Whatever, you can have your eth..

ETH is not what I want in a libertarian currency.. It pales in comparison to the ideals behind BTC..

[sir.humus]

I love the idea behind Ethereum. I am not sure it justifies the current market rate and adoption. I feel the drive is caused by ICOs and I strongly feel that all the ICOs launched so far are not worth investing, at least in term of true value. I understand people can still make good money by shorting ICOs, but I have not found any great implementation of the Ethereum network so far.

Exactly, market is driven because all of these projects and ICO.
I bought ethereum only because i needed to send some tokens which are using ethereum network. Unfortunately i was one of guys who were listening all shits about how ether is scam and I never invested in it.

I also heard the scam accusations and didn't join in.
But suppose I want to do it now, do you think it's worth it?
Will it keep going up like the bitcoin did in the last month?
What should I check before buying in?

[eddie13]

What should I check before buying in?

Max coin limit..

[ddhga]

I love the idea behind Ethereum. I am not sure it justifies the current market rate and adoption. I feel the drive is caused by ICOs and I strongly feel that all the ICOs launched so far are not worth investing, at least in term of true value. I understand people can still make good money by shorting ICOs, but I have not found any great implementation of the Ethereum network so far.

Exactly, market is driven because all of these projects and ICO.
I bought ethereum only because i needed to send some tokens which are using ethereum network. Unfortunately i was one of guys who were listening all shits about how ether is scam and I never invested in it.

but money is smart, it will choose the best way in the market
you can earn more ,why not?

[Stedsm]

ETH has potential just because everyone is choosing its smart contracts feature over bitcoins, which gives more power to ICOs that want to distribute their tokens in a more safer, effective way. But I still think that it is overvalued atm, it should be even more and I think it should be half the rate of bitcoins but not now because too much value can cause harm to its prestige currently.

[YuginKadoya]

I love the idea behind Ethereum. I am not sure it justifies the current market rate and adoption. I feel the drive is caused by ICOs and I strongly feel that all the ICOs launched so far are not worth investing, at least in term of true value. I understand people can still make good money by shorting ICOs, but I have not found any great implementation of the Ethereum network so far.

Exactly, market is driven because all of these projects and ICO.
I bought ethereum only because i needed to send some tokens which are using ethereum network. Unfortunately i was one of guys who were listening all shits about how ether is scam and I never invested in it.

I also heard the scam accusations and didn't join in.
But suppose I want to do it now, do you think it's worth it?
Will it keep going up like the bitcoin did in the last month?
What should I check before buying in?

Well that is just a mere accusations that I think they will spread out to surely downgrade ETH, but instead it really makes it even stronger, I think if bitcoin have a misunderstanding and a split is gonna happen, maybe? Ethereum has an EEA that is Enterprise Ethereum Alliance that are collectively develop industry standards and encourage collaboration between its various members. and they have remarkable names that might be a threat to bitcoin, and Vladimir Putin really makes it's way in endorsing ETH, we will never know what will happens next so I think investing with ETH have really a potential in becoming number 1.

[mining1]

Whatever, you can have your eth..

ETH is not what I want in a libertarian currency.. It pales in comparison to the ideals behind BTC..

Ideals like not working as a peer to peer electronic cash because you need 5$ to send 1 cent worth of btc. Ideals like having it centralised in a communist country that can kill btc with a switch if it suits their purpose. Ideals like having a broken governance model and not being able to adapt and survive.

[shyliar]

According to http://www.flippening.watch/ , ethereum surpassed bitcoin in volume, mining reward ( aka most secure chain by hashrate ) and nodes, having 4 times more. To be noted that even though ethereum has 92% of bitcoin's transactions, technically it has MUCH more because tokens that work on it aren't taken into consideration.

Which means, today, ethereum surpassed bitcoin by any metric, except for the market cap. Some of you listened to trolls and thought ethereum is a scam, some of you saw past that.

Can you please explain how mining reward means most secure chain by hashrate?

[Ayers]

this isn't some so special because etheruem has more coins issued which mean easily more volume because more coin ar eon the market to be used for trading, the meters to judge if something is better than bitcoin is the usage for me not the volume, and ETH is not used aside form pump and dump

[mining1]

According to http://www.flippening.watch/ , ethereum surpassed bitcoin in volume, mining reward ( aka most secure chain by hashrate ) and nodes, having 4 times more. To be noted that even though ethereum has 92% of bitcoin's transactions, technically it has MUCH more because tokens that work on it aren't taken into consideration.

Which means, today, ethereum surpassed bitcoin by any metric, except for the market cap. Some of you listened to trolls and thought ethereum is a scam, some of you saw past that.

Can you please explain how mining reward means most secure chain by hashrate?

Bitcoin maximalists brought this into existence. They kept claiming that the most secure chain by hashrate, aka the chain which pays miners the most (say, every ~24hours), is the most secure. Because by definition it is the hardest chain to 51% attack. Ethereum pays miners 9million a day, bitcoin 5mil and ETC less than 1mil. Let's look at etc. Because there's just 1 mil ( number pulled out of thin air, i didn't check ) to be shared among all miners, automatically the hashrate will be limited because you can't put as many miners to work on ETC compared to ETH, it becomes unprofitable so much faster. The less miners there are, the easier it gets if you wanna buy / rent hashrate to 51% attack.

Also other bitcoin maximalists arguments for "1 blockchain rule them all": market cap, transaction volume and trading volume. Today it is the second time ethereum surpasses bitcoin in volume. Market cap will be last. Very important to note: although ethereum has 97% of bitcoin's transactions, it surpassed it by a huge margin, because that doesn't take into account all the transactions these tokens that run on ethereum make.

@Ayers you are stupid. What i posted doesn't take into consideration the number of transaction and the volume of the tokens issued on ethereum. If it did, then etheruem would have more transactions than every other project combined, or close. I am talking about onchain ofcourse. Bitcoin has alot of offline transactions.

[shyliar]

this isn't some so special because etheruem has more coins issued which mean easily more volume because more coin ar eon the market to be used for trading, the meters to judge if something is better than bitcoin is the usage for me not the volume, and ETH is not used aside form pump and dump

The volume is expressed in US dollars as seen here:

http://coinmarketcap.com/

So on this point it did temporarily exceed bitcoin.

Historically, this is likely the second time that a coin exceeded BTC volume. The first was LTC in 2015. Didn't last long.

http://coinivore.com/2015/07/09/litecoin-exchange-volume-outpaces-bitcoin-for-first-time/