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Author Topic: Ethereum a threat to bitcoin  (Read 4837 times)
MrZ28s
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May 17, 2018, 12:01:40 PM
 #221

Ethereum is a good threat on bitcoin. But this is not something bad I believe since it would only make bitcoin devs to do something better to avoid getting dethroned at the top. Just like these other altcoins, they are also trying to create something that is better than the others otherwise there will be no reason to create another coin.
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The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
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JungleBadman
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May 17, 2018, 12:06:00 PM
 #222

I think BTC dominance will continue to drop BUT, I also think ETH will start to lose its dominance over other protocols like NEO and EOS over the next year or so. ETH really needs to start scaling or it will be left behind by similar coins with better tech.

I like Ethereum, don't get me wrong, but it's decentralized nature really slows down the decision making process and at the minute, it shows.
trollercoaster
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May 17, 2018, 12:14:18 PM
 #223

First of all, you can't tell a story about a field of economy by using NBA players, it doesn't work like that nor it is accurate.

On the other hand, if bitcoin were to be taken as an NBA player, it wouldn't be LeBron. LeBron can't even be compared to stras of the old. The real king of basket ball would be Jordan. Long retired but still more popular than the NBA itself. Many people around the world wouldn't have known anything about NBA but they've heard of Michael Jordan.

LeBron is just popularized by dim witted millenials.

Coming to your question: Likewise Jordan will always be Jordan, bitcoin will always be bitcoin. Gold will always be gold. The capitalization of bitcoin is so high that it can't be broken down by anything. It's the gold of internet. ETH is the fuel of internet and althugh we use & see fuel everyday, gold is still more valuable than it.
coinbergh
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May 17, 2018, 12:33:27 PM
 #224

Bitcoin is unique cryptocurrency with blockchain technology and any coin/token will not be threat of bitcoin. This is an undeniable fact.

On the other hand, ethereum is the one of the flagship altcoin in cryptocurrency market and ethereum has so many positive feature as everyone knows. Smart contracts, ERC 20 substructure, one of the most trustable coin in market etc... Bitcoin and ethereum are component parts of market in my opinion.
dlhezter
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May 17, 2018, 01:07:38 PM
 #225

threat? i think its not, because this two crypto currency has a different footstep to follow, i mean they are both had a popularity and demand, but in terms of usage or volume everyday with each of them are not totally the same, meaning BTC is still the no. 1 crypto currency and its never gonna happen that someday one of those altcoin in the market will be a threat to bitcoin. we can say " to be near" but to surpass? NEVER.
Esiduf222
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May 17, 2018, 01:13:39 PM
 #226

Don't think so, being popular does not guarantee you to become a legend. Take for instance elections, being popular and new among candidates does not always make you the winner in the place of good and experienced candidates.
babsjoe
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May 17, 2018, 01:16:00 PM
 #227

I do not think ethereum is or can be a threat to hitcoin. Bitcoin has the largest user and the best network for payment. Bitcoinis vety versatile and is popular more than ethereum. Ethereum is better as smart contract which is use on the  business side!
Aerilaya
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May 17, 2018, 01:17:55 PM
 #228

Yes Ethereum opposes a huge threat on Bitcoin because their technology is way advance compared to bitcoin's.
Bitcoin is the father of cryptocurrencies but it is not the future
If you disagree with that feel free to say so

jhoothmain
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May 17, 2018, 01:21:18 PM
 #229

Why yo think of it as a threat ? Both of these can co exists as the total market cap of crypto is huge now.
loyaeskiron
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May 17, 2018, 01:25:48 PM
 #230

I see ethereum on how they really works on the crypto market now, maybe the possible scenario when ethereum price going up to the top level like bitcoin price and it will act like a threat to bitcoin, but for me the threat is not actually really there, because bitcoin and ethereum are acting like a brother and sister on this business.
ivlvov
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May 17, 2018, 01:45:50 PM
 #231

Yes Ethereum opposes a huge threat on Bitcoin because their technology is way advance compared to bitcoin's.
Bitcoin is the father of cryptocurrencies but it is not the future
If you disagree with that feel free to say so


I agree with you bitcoin is really a father cryptocurrency out, but the technology is not in place and all the new altcoins has many such advantages that there is no bitcoin. ETH is also a very advanced and successful cryptocurrency, and I think that after some time ETH will become king of the crypto market.

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orangy
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May 17, 2018, 02:09:43 PM
 #232

Ethereum is a threat to bitcoin? Yes it is. We all know that ethereum was created by a russian programmer on 2013, and it was launched on 2015. After 3 years it is next to bitcoin in terms of popularity and value.

Let me show you some NBA perspective on this, bitcoin is the king of cryptocurrency right? same as LeBron as the king of NBA. But here comes ethereum the prince of cryptocurrency just like Ben Simmons as the prince of the NBA. The prince will dethrone the king on the eastern conference finals same as ethereum that will dethrone bitcoin in the next couple of years. Wether we like it or not the king will reach its limit. Mark my word. Trust the ethereum process!
Both currencies are designed for different purposes, so there should not be too much competition between them.
ene1980
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May 17, 2018, 07:25:28 PM
 #233

I like Ethereum, don't get me wrong, but it's decentralized nature really slows down the decision making process and at the minute, it shows.
I am not sure what you are trying to tell here, how does decentralized nature slows down the decision making process, if you look at ETH all the hardfork they ever did were without any consensus and to be frank i never liked their centralized nature about the network upgrade without any real discussion about the changes. For the people who thinks that ETH is a threat to bitcoin, they are just delusional.
Wayan_Pedjeng
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May 17, 2018, 07:33:23 PM
 #234

The biggest threat to Bitcoin comes from its own deficiencies and not from any of the alts. The scaling issue is not yet resolved. And we don't know when it will resurface once again. I haven't quite forgotten what happened in December 2017. Users were paying up to $50 for just one transaction.
Seriousbizz
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May 17, 2018, 07:36:38 PM
 #235

I dont think if Ethereum is a threat to Bitcoin.These are two different coins at the top of the cryptocurrency pyramid, they have different product and offer different services to the market. therefore there is no threat posed by one from another
vikl56
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May 18, 2018, 04:15:29 AM
 #236

From a business point of view, this is a kind of virtual currency that can be accessed from anywhere in the world. The technology of the Ethernet coin allows people to do more complex business with shared and decentralized thinking. I think although Ethereum cannot completely replace Bitcoin, it must be very competitive. It is possible to go beyond Bitcoin.
leynylaine
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May 18, 2018, 04:21:54 AM
 #237

Bitcoin and Ethereum have different project purposes. But for me Bitcoin is still far ahead than Ethereum even though Ethereum is also being used by many altcoins for transaction purposes and etc.

Bitcoin will remain on its throne.

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jaocoincrypto18
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May 18, 2018, 04:31:00 AM
 #238

Ethereum is a threat to bitcoin? Yes it is. We all know that ethereum was created by a russian programmer on 2013, and it was launched on 2015. After 3 years it is next to bitcoin in terms of popularity and value.

Let me show you some NBA perspective on this, bitcoin is the king of cryptocurrency right? same as LeBron as the king of NBA. But here comes ethereum the prince of cryptocurrency just like Ben Simmons as the prince of the NBA. The prince will dethrone the king on the eastern conference finals same as ethereum that will dethrone bitcoin in the next couple of years. Wether we like it or not the king will reach its limit. Mark my word. Trust the ethereum process!

I strongly disagree because your prince team model is eliminated in the final. Cheesy now back to ETH that i believed ETH will not be a threat to BTC that even ETH platform used as the standard ERC20 platform for all ICO due to i wonder of what will going to happen to the ICO if the ICO advertising will fully ban by next month in June in which i believed that the numbers of ICO will going to reduce and so the real demand of ETH too.
grabpopcorn536
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May 18, 2018, 06:22:30 AM
 #239

Enthereum Ms. Bitcoin will accompany. If really replaced, Enthereum will have a strong breakthrough. But to me Bitcoin is still a long way from Enthereum. So the problem you put out I think it's too vague.

hihitao40
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May 18, 2018, 09:35:24 AM
 #240

Ethereum has other tasks, there will be no overthrow  Smiley both coins will be almost equally in demand, for them the future. Smiley
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