[ANN] Ethereum: Welcome to the Beginning

[mtnsaa]

Is it possible to reach 0.1 BTC ETH  

Make that 0.25 ETH/BTC...   it's only a quarter folks!!!  

I am just excited with the recent price spikes going on for ETH and hoping for it to be in par with Bitcoin. My estimate would be 1 BTC = 1 ETH or I could be wrong.  

In my opinion, I see that ETH is a lot more useful than BTC (and more powerful) with the ability to create dapps, smart contracts, issue your own assets, etc. If all goes well, it might even become Bitcoin's replacement. I am very optimistic.  

Analizing that equality in the event that the value could be the same:

                              1 BTC = 1 ETH

and considering the supply now only:
                             15,211,400 BTC  = 77,033,300 ETH

so that equality could never be fulfilled    

seen otherwise:
Price of BTC $ 401.24    and assuming that ETH could cost the same then:
                
                15,211,400*401.24 is not equal to 77,033,300*401.24

the only way that it can be accomplished is that the price of ETH would be lower than BTC a value aprox. of 79.23. checking:

            15,211,400*401.24=77,033,300*79.23

                    6103422136 = 6103348359*with a little difference of 73777 only by the use of two decimals

Summarizing and speaking only about the unity 1 BTC or 1 ETH :

this leaves room only for:

1BTC > 1ETH     just now
1BTC < 1ETH     can be but could be very difficult

Note: this approach is only at this stage for these values ​​which remain changing quickly, for nothing it should be taken for an investment decision or something.

Corrections are welcome.........
  

Your calculations are clear but too simplistic. If Ethereum becomes adopted by companies, apps are created and becomes a standard platform then the price will definitely be much higher than it currently because ETH is actually need to fuel all this huge system. Bitcoin on the hand is idle really, it's not really a payment system because it's far from being adopted by the mainstream if that was the intention. Just mention Bitcoin to a common person or explaining to him what it is and you'll see them yawning or rolling eyes.

Now, of course there's a strong chance that ETH is just MEH and it's used but not so much or something better comes along, however it already have the upper hand on Bitcoin because it doesn't have the bad image, there's a lot of potential and interest from actual big companies and institutions (something Bitcoin will never do due to its bad image). If Ethereum is adopted massively in the next upcoming years then the sky is the limit, much more than BTC actually. If not then $20-30 per ETH in the upcoming months after some good news or deals is perfectly possible too.

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[Abiky]

Is it possible to reach 0.1 BTC ETH  

Make that 0.25 ETH/BTC...   it's only a quarter folks!!!  

I am just excited with the recent price spikes going on for ETH and hoping for it to be in par with Bitcoin. My estimate would be 1 BTC = 1 ETH or I could be wrong.  

In my opinion, I see that ETH is a lot more useful than BTC (and more powerful) with the ability to create dapps, smart contracts, issue your own assets, etc. If all goes well, it might even become Bitcoin's replacement. I am very optimistic.  

Analizing that equality in the event that the value could be the same:

                              1 BTC = 1 ETH

and considering the supply now only:
                             15,211,400 BTC  = 77,033,300 ETH

so that equality could never be fulfilled    

seen otherwise:
Price of BTC $ 401.24    and assuming that ETH could cost the same then:
                
                15,211,400*401.24 is not equal to 77,033,300*401.24

the only way that it can be accomplished is that the price of ETH would be lower than BTC a value aprox. of 79.23. checking:

            15,211,400*401.24=77,033,300*79.23

                    6103422136 = 6103348359*with a little difference of 73777 only by the use of two decimals

Summarizing and speaking only about the unity 1 BTC or 1 ETH :

this leaves room only for:

1BTC > 1ETH     just now
1BTC < 1ETH     can be but could be very difficult

Note: this approach is only at this stage for these values ​​which remain changing quickly, for nothing it should be taken for an investment decision or something.

Corrections are welcome.........
  

Your calculations are clear but too simplistic. If Ethereum becomes adopted by companies, apps are created and becomes a standard platform then the price will definitely be much higher than it currently because ETH is actually need to fuel all this huge system. Bitcoin on the hand is idle really, it's not really a payment system because it's far from being adopted by the mainstream if that was the intention. Just mention Bitcoin to a common person or explaining to him what it is and you'll see them yawning or rolling eyes.

Now, of course there's a strong chance that ETH is just MEH and it's used but not so much or something better comes along, however it already have the upper hand on Bitcoin because it doesn't have the bad image, there's a lot of potential and interest from actual big companies and institutions (something Bitcoin will never do due to its bad image). If Ethereum is adopted massively in the next upcoming years then the sky is the limit, much more than BTC actually. If not then $20-30 per ETH in the upcoming months after some good news or deals is perfectly possible too.

$20-$30 per ETH seems like a fair price to me. But first we may need to get to at least the Homestead phase in order to see more changes in price. About 1 BTC = 1 ETH, I was exaggerating a little but it could exist the possibility of that happening if ETH gets adopted by major companies and businesses worldwide. But it is just a matter of adoption and usage of the Ethereum platform. 

Say, what is the total supply of ETH to be mined? Thinking about that myself, perhaps the supply would change once ETH hits the PoS stage. 

[nexern]

@bit1
you can't (or shouldn't) value ethereum by comparing to bitcoin (price). this doesn't make sense.
try to estimate the potential marketcap compared to other, crypto external companies, targeting a
similar sector. within the finance industry for instance. if you count in the ecosystem, spin offs
and number of devs working on projects and so on, you can see there is a good change ethereum will
hit higher single to lower double digits macap within the next years. these numbers are neither
unsual nor very high within this sector. so yes, ethereum could easily reach a 'much' higher price
than btc just by it's additional - and so far - unique usage scenarios.

and the first bunch of financial institutions are jumping aboard, just as supposed two years ago:
https://bitcointalk.org/index.php?topic=428589.msg4759732#msg4759732

[BitThink]

Etherium seems really interesting and useful, but regards the price of ETH, my main concern is as following. ETH, as we know, is the fuel of smart contracts. Suppose the cost of creating a contract is 0.01 ETH, then if ETH becomes 100 USD each, the cost will be $1, appreantly too much. We can certainly reduce the cost to 0.0001 or lower, but then it reduce the demand and effectively creates an inflation.

Meanwhile, Etherium is an open source project; after changing to PoS, nothing stops others to create a clone with much lower fuel price. All users can easily switch as long as the VM is compatible. Therefore, we can expect the fuel will always be low, and so is the ETH price in long term, for etherium to be successful.

Any thoughts? I wish someone could prove I am wrong and then I could spend more on ETH investing.

[mtnsaa]

Etherium seems really interesting and useful, but regards the price of ETH, my main concern is as following. ETH, as we know, is the fuel of smart contracts. Suppose the cost of creating a contract is 0.01 ETH, then if ETH becomes 100 USD each, the cost will be $1, appreantly too much. We can certainly reduce the cost to 0.0001 or lower, but then it reduce the demand and effectively creates an inflation.

Meanwhile, Etherium is an open source project; after changing to PoS, nothing stops others to create a clone with much lower fuel price. All users can easily switch as long as the VM is compatible. Therefore, we can expect the fuel will always be low, and so is the ETH price in long term, for etherium to be successful.

Any thoughts? I wish someone could prove I am wrong and then I could spend more on ETH investing.

Alright sure, but 72 million of ETH is not really a massive number. I understand your concern if there would be 10 billion in the market. But as it divisible as Bitcoins, it would be the same scenario. If tomorrow Bitcoin becomes massively adopted then 100 bits would be a lot when now it's nothing, same concept here.

[Mrpumperitis]

https://www.youtube.com/watch?v=Wv3gpfZ1IK4

What is ethereum? andreas antonopoulos

[Mrpumperitis]

http://dapps.ethercasts.com/    dapp list
wow, so much happening and this is just the begining...nice

[Mrpumperitis]

its that time again....hold on...

[Madmach]

Mining with 2 gb gpu will be finished with increase dag size ?

I'm not sure

[mladen00]

any prediction how augur will impact on ETH price?

[ljm81new_again]

Iv never read so much dribble in my life, eth will never take over btc`s position your priced in btc you muppets.

Its nothing but a hype coin that's gonna end up burning alot of people in the end.. yer i said it and i stand by it, 4 year vet talking here that's seen and heard it all before!!

[thoth-Atlantian]

Iv never read so much dribble in my life, eth will never take over btc`s position your priced in btc you muppets.

Its nothing but a hype coin that's gonna end up burning alot of people in the end.. yer i said it and i stand by it, 4 year vet talking here that's seen and heard it all before!!

I tend to agree, this price is really high as it is.
I am trying to pick a low to trade back in but that is tricky. It has alot of price to shed would hate to be hodling it when it goes pop

[Blue_Panda73]

Ethereum will not take over Bitcoin, at least in the medium term. There are many people building infrastrucutres for bitcoin. Ethereum is still new.

[myxamop]

Maybe you just discovered today and you think, “hmmm, did I miss the big rise?”

In short. NO FUCKING WAY.

There are large cap stocks, mid cap, and small cap stocks. All these categories are stocks greater than billion dollars. There are also micro-cap stocks, those from $2 billion to $50 million.

Ether has market cap is under 500 Million

In other words, Ethereum Market cap in on the low end of New York stock exchange's “Micro-cap” stocks.

But ETH is not so limited in participants. The entire world can participate in ETH (well except much of China, but we know that will change eventually).

More importantly, Ethereum’s Market cap is about what you would expect of a pharmaceutical company that has limited products (often only one product), and all products are still in clinical trials. In other words, much like Ethereum, they are companies that are still experimenting, and are high risk, but could hit it big if one of their medications are discovered to actually work. Ethereum is much more than one or a handful of experiments in "clinical trials". In fact, it has a developer community diving dApps. Speculatively, in this respect, Ethereum is less risky than a young pharmaceutical company dependent on it handful of employees, hoping that one of their very few products make it big.

Examples:

Ionis Pharmaceuticals Inc = 3.8 billionKite Pharma Inc = ~2 billionPeregrine Pharma = ~200 million

But where COULD ETH be in the coming year, with dapp releases? While speculative, think about the current market of traditional private ventures and compare that to where a world accessible dapp might sit.

Examples, with market caps:

Apple = ~$600 billionJPMorgan Chase = ~$200 billionAlibaba = ~$150 billionVisa = ~155 billionBank of America = ~116 billionAdobe Systems = $40 billionPaypal = $40 billioneBay - $30 billionLinkedIn Corp = $13 billionAflac = ~$25 billionTwitter = ~$10 BillionWestern Union = $9 billion

AND then remember ETH is less the single company, and more the entire foundation for ALL THOSE dapps.

Also, ETH could be a player in the market of a number of interesting companies that come to mind (both dapp and traditional). Remember, ETH is a public world resource, while in contrast, traditional companies are limited to more privileged investors. Aka, Ethereum has created a new market, and in a very bullish way, ETH is bigger, much, much, bigger, than any other asset/token/coin we've ever seen.

[notbatman]

Ethereum works in concert with Bitcoin, this is not a pissing competition.

[felix18yu]

Ethereum will not take over Bitcoin, at least in the medium term. There are many people building infrastrucutres for bitcoin. Ethereum is still new.

Time will show :-)

[MaGNeT]

Ethereum will not take over Bitcoin, at least in the medium term. There are many people building infrastrucutres for bitcoin. Ethereum is still new.

Bitcoin doesn't run dAps

[m4nki]

Ethereum certainly has some team members who are fully committed to the Foundation.

It goes as far as they invest all their money themselves into ETH. A very good sign imo.

[BitThink]

Etherium seems really interesting and useful, but regards the price of ETH, my main concern is as following. ETH, as we know, is the fuel of smart contracts. Suppose the cost of creating a contract is 0.01 ETH, then if ETH becomes 100 USD each, the cost will be $1, appreantly too much. We can certainly reduce the cost to 0.0001 or lower, but then it reduce the demand and effectively creates an inflation.

Meanwhile, Etherium is an open source project; after changing to PoS, nothing stops others to create a clone with much lower fuel price. All users can easily switch as long as the VM is compatible. Therefore, we can expect the fuel will always be low, and so is the ETH price in long term, for etherium to be successful.

Any thoughts? I wish someone could prove I am wrong and then I could spend more on ETH investing.

Alright sure, but 72 million of ETH is not really a massive number. I understand your concern if there would be 10 billion in the market. But as it divisible as Bitcoins, it would be the same scenario. If tomorrow Bitcoin becomes massively adopted then 100 bits would be a lot when now it's nothing, same concept here.

BTC is different.

1, the main usage of BTC is payment and store of value, not fuel of smart contract. only transferring costs money.
While ETH is need to do everything related in smart contracts, much more than transferring.

2, more importantly, as a PoW coin, there's no possibility to clone a BTC due to its huge hashing rate.
While Etherium can be easily copied after it changed to PoS.

[MaGNeT]

Etherium seems really interesting and useful, but regards the price of ETH, my main concern is as following. ETH, as we know, is the fuel of smart contracts. Suppose the cost of creating a contract is 0.01 ETH, then if ETH becomes 100 USD each, the cost will be $1, appreantly too much. We can certainly reduce the cost to 0.0001 or lower, but then it reduce the demand and effectively creates an inflation.

Meanwhile, Etherium is an open source project; after changing to PoS, nothing stops others to create a clone with much lower fuel price. All users can easily switch as long as the VM is compatible. Therefore, we can expect the fuel will always be low, and so is the ETH price in long term, for etherium to be successful.

Any thoughts? I wish someone could prove I am wrong and then I could spend more on ETH investing.

Alright sure, but 72 million of ETH is not really a massive number. I understand your concern if there would be 10 billion in the market. But as it divisible as Bitcoins, it would be the same scenario. If tomorrow Bitcoin becomes massively adopted then 100 bits would be a lot when now it's nothing, same concept here.

BTC is different.

1, the main usage of BTC is payment and store of value, not fuel of smart contract. only transferring costs money.
While ETH is need to do everything related in smart contracts, much more than transferring.

2, more importantly, as a PoW coin, there's no possibility to clone a BTC due to its huge hashing rate.
While Etherium can be easily copied after it changed to PoS.

You could be right... or you could be the next Kodak...