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Author Topic: Will Ethereum eventually become an internet money?  (Read 1002 times)
bcnaranjo
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August 14, 2017, 03:11:49 AM
 #1

What do you think? Will Ethereum will, inevitably, eventually become the internet money?
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renes
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August 14, 2017, 08:02:28 AM
 #2

No because it is not designed to become an internet money, neither the community nor the developers and creators have this kind of goal or vision.
joseafonso123az
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August 14, 2017, 08:18:28 AM
 #3

I guess it wasn't developed for that purpose,  but ethereum has it's own potential. We see it growing steadily, no long jump in the value growth, but it is growing. And because it has more block size for transactions, it's open source I believe, makes it desirable for many people. It's not certain if it can become internet money, but it has several potential.
Carlsen
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August 14, 2017, 08:35:33 AM
 #4

I can imagine that it might come to that.
Maybe some symbiotic relationship between those two currencies will occure.
Bitcoin could be the form of investment while Ethereum is becoming more and more the payment form due to its lower transaction fees.
 

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talkbitcoin
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August 14, 2017, 09:31:18 AM
 #5

the short version: no, not in a million years

the long version:
ethereum is not supposed to be internet money. you need to really research these things before making an statement like this. it was not designed to perform as a currency. you can read this in statements of the developers too.

also on top of it, ethereum is not even capable of performing what a currency is supposed to do. and it was already tested and proven that it can not. the whole network simply fails under the load. and it had already happened.

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Dart18
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August 14, 2017, 09:38:59 AM
 #6

No. I dont think so.
We do have a lot of supporters for ETH but the extent of making it as a currency is impossible.
It may have a great price now but that was thanks to altcoins who are using ETH as their mother.
It is so popular because of this.
http://www.investopedia.com/news/what-erc20-and-what-does-it-mean-ethereum/
hase0278
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August 14, 2017, 09:44:21 AM
 #7

What do you think? Will Ethereum will, inevitably, eventually become the internet money?
Ethereum will never become the internet money after all, the purpose for it's creation is different. Ethereum was created for the sole purpose of running smart contracts for tokens. It is never intended by the owners for it to be used to pay online and because of this reason it will never become one. Even if there are many supporters of eth, it still won't happen unless a token running it will be used for that purpose.
nelmari
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August 14, 2017, 09:54:25 AM
 #8

No I don't think it was made or created as an internet money though a lot now would prefer using Ethereum because of it blockchain but then have it exchanged still to Bitcoin in the end.
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August 14, 2017, 10:05:10 AM
 #9

The purpuse of eth is totally different from being a simply a "gold standard"
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August 14, 2017, 10:05:28 AM
 #10

Ethereum has never been designed for this purpose, so no, it will not. Ethereum rather has been designed to be a world-computer, offering cheap computation power. Ether, its native currency, has just been given a value, but that is all.
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August 14, 2017, 10:11:25 AM
 #11

Ethereum will stay as is, a platform. Bitcoin will always and forever be the internet money.

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August 14, 2017, 10:12:37 AM
 #12

I don't think it will be either, but it is, of course, not impossible. Just like any crypto - or any real-life product -, if enough people accept its value as money, it will be used as money (also).

If we all accept apples as money - even though it's also food - then apples can become money. I think that's a good comparison, since it shows it's not impossible, but at the same time, a little bit absurd. Smiley

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Golftech
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August 14, 2017, 10:18:32 AM
 #13

most of the replied here said no since it was not created to be one, i think eth have its own focus to served the purpose of its creation
and it should be that way and maybe better for all the coin which been developed should focus on their owned venue so they can be
more successful instead of trying to imitate btc.
orpel
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August 14, 2017, 01:45:11 PM
 #14

I don't believe ETH meant to be 'internet money'.
It's a platform.
Maybe it will be a platform that projects will use to create the future internet money.

feiss
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August 14, 2017, 01:58:43 PM
 #15

Ethereum will stay as is, a platform. Bitcoin will always and forever be the internet money.
Yes that is also how I see it bitcoin is already known as the digital money and for now nothing can replace it in its place

Gummybear67
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August 14, 2017, 02:49:10 PM
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 #16

What do you think? Will Ethereum will, inevitably, eventually become the internet money?
Yes,  it  seems to be the digital money for many people and that how i see in bitcoin. Bitcoin can use for a lot of important things to make our lives be meaningful and have some sustain life and now it can be replace for money to have to do some specific things.
Mahanton
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August 14, 2017, 03:07:36 PM
 #17

What do you think? Will Ethereum will, inevitably, eventually become the internet money?
Its possible to consider but i think Bitcoin would be the first in this case on which it would be an internet money but thinking of on to reality aspect i guess no one would really reach out that point even bitcoin because government wont really allow such thing to happen i would say that people will still prefer local fiat coins and sticking into those tradition payment online system.

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August 14, 2017, 03:08:11 PM
 #18

If any coin is going to be a internet money, that should be bitcoin or monero but I don't like privacy in coins.

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August 14, 2017, 03:12:48 PM
 #19

What do you think? Will Ethereum will, inevitably, eventually become the internet money?

no but it can be a good support coin, for bitcoin, bitcoin is the internet of money, and ethereum can support bitcoin, for something that can be build on the blockchain by providing a good decentralized platform, that bitcoin do not have and we can not build everything on the bitcoin blockchain
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August 14, 2017, 03:15:52 PM
 #20

No because it is not designed to become an internet money, neither the community nor the developers and creators have this kind of goal or vision.

Yes, I also agree with your opinion, the purpose of making ethereum is not for that, they have a bigger goal in the field of technology that will bring a new breakthrough in the world of technology.
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