[ANN] Ethereum: Welcome to the Beginning

[zahidmoon]

How will the growth of BNB affect ETH? Some people argue that BNB can take away the market share of ETH and this will adversely affect the price of ETH. What do you think about that?

BNB will definitely east in to the market share of ETH on two conditions:

1) The BNB tokens will last beyond its initial 3 year life span (I think that is what the Binance ICO stated)
2) ICO after ICO takes place on the Binance blockchain with smart contracts

If Binance is focused on expanding and things go well it is inevitable that it will take a portion of market share Ethereum currently has and aims to occupy in future.

binance launch pad is affecting the price of eth because binance is big exchange in crypto world and binance team only support great project with good reason and good team. so people are participating ico on binance launch pad using BNB. that's why its price is increasing continuously. right now the market again in red but BTC is in green and stable.

[dr.cheema]

How will the growth of BNB affect ETH? Some people argue that BNB can take away the market share of ETH and this will adversely affect the price of ETH. What do you think about that?

BNB will definitely east in to the market share of ETH on two conditions:

1) The BNB tokens will last beyond its initial 3 year life span (I think that is what the Binance ICO stated)
2) ICO after ICO takes place on the Binance blockchain with smart contracts

If Binance is focused on expanding and things go well it is inevitable that it will take a portion of market share Ethereum currently has and aims to occupy in future.

binance launch pad is affecting the price of eth because binance is big exchange in crypto world and binance team only support great project with good reason and good team. so people are participating ico on binance launch pad using BNB. that's why its price is increasing continuously. right now the market again in red but BTC is in green and stable.

Yeah indeed token sale on binance pumping the price of BNB but they are introducing only real projects on their exchange.
I have not participanted any sale on binance but hope i will join coming sale on binance for profit.
Bitcoin, ethereum and top crypto's  facing red sign hope another news will trigger up market again.

[JollyGood]

Will it be ETH vs BNB for the same market place in future?

From what I remember of the Binance ICO it was stated that the tokens would be burned after 3 years. Waat has since changed?

[leps]

I see a lot of people here worried with BNB getting the ETH market share. CZ was the first to say that Binance is not competing with Ethereum directly. Binance chain does not have smart contracts and Ethereum is not only a crowdfund network but a dapp network. Many things are going to be built on the ethereum network and the team is always improving their code. I would be more worried with blockchains like Tezos and Lamden.

[JollyGood]

I see a lot of people here worried with BNB getting the ETH market share. CZ was the first to say that Binance is not competing with Ethereum directly. Binance chain does not have smart contracts and Ethereum is not only a crowdfund network but a dapp network. Many things are going to be built on the ethereum network and the team is always improving their code. I would be more worried with blockchains like Tezos and Lamden.

Right now I have no hesitation in saying I would prefer to use Ethereum contracts over Binance contracts.

ETH does everything any business would need it to do. If the only selling point BNB has is lightening fast transations then that is not enough to sway many people.

[tbct_mt2]

I see a lot of people here worried with BNB getting the ETH market share. CZ was the first to say that Binance is not competing with Ethereum directly. Binance chain does not have smart contracts and Ethereum is not only a crowdfund network but a dapp network. Many things are going to be built on the ethereum network and the team is always improving their code. I would be more worried with blockchains like Tezos and Lamden.

We have heard lots of time about flippenings between Bitcoin and Ethereum at the first position, then between Ethereum and Ripple at the second position, by now, what's happened? Ethereum has never taken over the position of bitcoin, and Ripple, despite of the fact that some time (in days) XRP took over the  second position of Ethereum on CMC, but it did not last too long. And, it is just total marketcap of Ripple and Ethereum. In contrast, for total value of Ethereum ecosystem, and Ripple ecosystem, Ripple has never taken over the place of Ethereum. So, it's time to stop mention that Ripple or BNB, or anything else can surpass Ethereum in next few years.

[JollyGood]

We have heard lots of time about flippenings between Bitcoin and Ethereum at the first position, then between Ethereum and Ripple at the second position, by now, what's happened? Ethereum has never taken over the position of bitcoin, and Ripple, despite of the fact that some time (in days) XRP took over the  second position of Ethereum on CMC, but it did not last too long. And, it is just total marketcap of Ripple and Ethereum. In contrast, for total value of Ethereum ecosystem, and Ripple ecosystem, Ripple has never taken over the place of Ethereum. So, it's time to stop mention that Ripple or BNB, or anything else can surpass Ethereum in next few years.

You might be right, ETH might be holding 2nd place in CMC for a long time but I see XRP as a serious competitor and do not see BNB as serious competition at all.

XRP has historical volume behind it. It will be a successful coin for years to come but BNB is a relative baby in terms of longevity.

[tbct_mt2]

You might be right, ETH might be holding 2nd place in CMC for a long time but I see XRP as a serious competitor and do not see BNB as serious competition at all.

XRP has historical volume behind it. It will be a successful coin for years to come but BNB is a relative baby in terms of longevity.

The key points here are: When we want to compare two coins we have to compare them in two criteria at least:
- One, their price, of course. Most people compared two assets like this, but it is not enough.
- Two, their ecosystem: By mention about ecosystem, I meant how widely use cases two assets been used in real life so far. In addition, how big their ecosystem are (in ecosystem's market values).
Combination of two criteria will help us have clearer and more exact comparisons between two assets (whatever assests you want to compare).
People often forget the second indicator, ecosytem market value, that is very important, but they missed it all.
When applying the combination of two criteria: Ethereum will definitely maintain its second position in crypto.

[encycrypto]

We have heard lots of time about flippenings between Bitcoin and Ethereum at the first position, then between Ethereum and Ripple at the second position, by now, what's happened? Ethereum has never taken over the position of bitcoin, and Ripple, despite of the fact that some time (in days) XRP took over the  second position of Ethereum on CMC, but it did not last too long. And, it is just total marketcap of Ripple and Ethereum. In contrast, for total value of Ethereum ecosystem, and Ripple ecosystem, Ripple has never taken over the place of Ethereum. So, it's time to stop mention that Ripple or BNB, or anything else can surpass Ethereum in next few years.

You might be right, ETH might be holding 2nd place in CMC for a long time but I see XRP as a serious competitor and do not see BNB as serious competition at all.

XRP has historical volume behind it. It will be a successful coin for years to come but BNB is a relative baby in terms of longevity.

BNB has actually never witnessed a bear trend in its lifetime till now, it'll be interesting to see how low it goes once the massive sell off begins. I'm expecting it to happen soon, and it should make it clear for everybody that it is not a competitor to ETH.

[JollyGood]

You might be right, ETH might be holding 2nd place in CMC for a long time but I see XRP as a serious competitor and do not see BNB as serious competition at all.

XRP has historical volume behind it. It will be a successful coin for years to come but BNB is a relative baby in terms of longevity.

The key points here are: When we want to compare two coins we have to compare them in two criteria at least:
- One, their price, of course. Most people compared two assets like this, but it is not enough.
- Two, their ecosystem: By mention about ecosystem, I meant how widely use cases two assets been used in real life so far. In addition, how big their ecosystem are (in ecosystem's market values).
Combination of two criteria will help us have clearer and more exact comparisons between two assets (whatever assests you want to compare).
People often forget the second indicator, ecosytem market value, that is very important, but they missed it all.
When applying the combination of two criteria: Ethereum will definite maintain its second position in crypto.

Excellent post.

I guess the price could be manipulated with pumps and dumps but any ecosystem and usage cannot be done so easily so going by that BNB for sure cannot be seen as a competitor to ETH.

[tbct_mt2]

I guess the price could be manipulated with pumps and dumps but any ecosystem and usage cannot be done so easily so going by that BNB for sure cannot be seen as a competitor to ETH.

Not only BNB, but also rest of altcoins hardly to surpass Ethereum (if all two components considered, especially ecosystem market value). Years after its birthday, Ethereum has built up its second largest ecosystem in crypto. Ethereum price, Ethereum market cap can be surpassed by others (even it is not easily), but Ethereum ecosystem market cap will stay strongly at the second position in crypto for too long. Ripple sometimes surpassed Ethereum in total market cap, but its ecosystem has been too small.

[JollyGood]

I guess the price could be manipulated with pumps and dumps but any ecosystem and usage cannot be done so easily so going by that BNB for sure cannot be seen as a competitor to ETH.

Not only BNB, but also rest of altcoins hardly to surpass Ethereum (if all two components considered, especially ecosystem market value). Years after its birthday, Ethereum has built up its second largest ecosystem in crypto. Ethereum price, Ethereum market cap can be surpassed by others (even it is not easily), but Ethereum ecosystem market cap will stay strongly at the second position in crypto for too long. Ripple sometimes surpassed Ethereum in total market cap, but its ecosystem has been too small.

Things are not always as clear as that.

Binance came from nowhere in 2017 and had an ICO (Ethereum contract) and went on to become the market leader in crypto exchanges.

Maybe a start-up exchange with innovative ideas will be able to break in to the smart contract field and have a wider bigger ecosystem than Ethereum in a short space of time. I have seen that in crypto world too many things however unlikely to happen still can happen.

[leps]

I see a lot of people here worried with BNB getting the ETH market share. CZ was the first to say that Binance is not competing with Ethereum directly. Binance chain does not have smart contracts and Ethereum is not only a crowdfund network but a dapp network. Many things are going to be built on the ethereum network and the team is always improving their code. I would be more worried with blockchains like Tezos and Lamden.

We have heard lots of time about flippenings between Bitcoin and Ethereum at the first position, then between Ethereum and Ripple at the second position, by now, what's happened? Ethereum has never taken over the position of bitcoin, and Ripple, despite of the fact that some time (in days) XRP took over the  second position of Ethereum on CMC, but it did not last too long. And, it is just total marketcap of Ripple and Ethereum. In contrast, for total value of Ethereum ecosystem, and Ripple ecosystem, Ripple has never taken over the place of Ethereum. So, it's time to stop mention that Ripple or BNB, or anything else can surpass Ethereum in next few years.

We can't guess the future. I don't know if anything else is going to surpass ethereum marketcap but I believe that ethereum is going to be always in the top 10 if they continue to improve the network. The technology in this space is always evolving and ethereum needs to keep up the pace to not be left behind. I trust that the team can find the solutions needed to improve the network but it's going to be a big challenge.

[bustedsynx]

I see a lot of people here worried with BNB getting the ETH market share. CZ was the first to say that Binance is not competing with Ethereum directly. Binance chain does not have smart contracts and Ethereum is not only a crowdfund network but a dapp network. Many things are going to be built on the ethereum network and the team is always improving their code. I would be more worried with blockchains like Tezos and Lamden.

We have heard lots of time about flippenings between Bitcoin and Ethereum at the first position, then between Ethereum and Ripple at the second position, by now, what's happened? Ethereum has never taken over the position of bitcoin, and Ripple, despite of the fact that some time (in days) XRP took over the  second position of Ethereum on CMC, but it did not last too long. And, it is just total marketcap of Ripple and Ethereum. In contrast, for total value of Ethereum ecosystem, and Ripple ecosystem, Ripple has never taken over the place of Ethereum. So, it's time to stop mention that Ripple or BNB, or anything else can surpass Ethereum in next few years.

We can't guess the future. I don't know if anything else is going to surpass ethereum marketcap but I believe that ethereum is going to be always in the top 10 if they continue to improve the network. The technology in this space is always evolving and ethereum needs to keep up the pace to not be left behind. I trust that the team can find the solutions needed to improve the network but it's going to be a big challenge.

Always in the top 5 is what I believe. Invest in people and not the technology is the advice of wise tech angel investors. And the growing population of Ethereum developers is the strongest indicator that you made a sound investment in spite of the roller coaster market price.

[tranthidung]

We can't guess the future. I don't know if anything else is going to surpass ethereum marketcap but I believe that ethereum is going to be always in the top 10 if they continue to improve the network. The technology in this space is always evolving and ethereum needs to keep up the pace to not be left behind. I trust that the team can find the solutions needed to improve the network but it's going to be a big challenge.

If someday Ethereum drops to below the second position and just stay in top 10 on coinmarketcap, such as at the 5th, 8th or 10th position, it means the Ethereum project has been surpassed and somehow outdated network. If it happens, dropping further in lower position in top ten, Ethereum will definitely fall further behind other projects. Nevertheless, I don't see anything supports such terrible position lose like this from Ethereum project. Their team are very productive, energetic, and creative, they always keep developing, upgrading their network and their ecosystem. Together, I see solid reasons that Ethereum will still be a second largest in crypto for coming years.

[encycrypto]

Another blow to Ethereum: ARN is switching from ERC20 to Binance chain.

These greedy people are changing their chains just for a little lousy PUMP.

[Decksperiment]

Another blow to Ethereum: ARN is switching from ERC20 to Binance chain.

These greedy people are changing their chains just for a little lousy PUMP.

Yes. It wouldn't have matter and will not affect Ethereum right now since its ecosystem have already hosted several significant projects and it wouldn't hurt them if some would jump out of the ship. Also, such migrations would not give assurance of the project's success and that is the point of contention right now on the entire cryptocommunity and I hope everybody should know that.

[Xandan]

In my opinion we should not watch everything strictly as competitors to one another. We are very early and there is much more space in room for all quality projects. Ethereum for the moment has no threat to be replaced by any token that is sure. In the long run how markets will perform that is unpredictable but quality platforms or products will not only survive but also will be playing role in future economy.

[masulum]

i agree, we know, some of project getting hype for 1-3 years after launch. but they getting lower volume year by year and than goin no volume, no community. We know, many projects out from ETH chain, but, its doesn't mean ETH chan too bad. All of projects have a plan include ETH founder and team.

[etherixdevs]

i agree, we know, some of project getting hype for 1-3 years after launch. but they getting lower volume year by year and than goin no volume, no community. We know, many projects out from ETH chain, but, its doesn't mean ETH chan too bad. All of projects have a plan include ETH founder and team.

It's hard to understand why a project with a public founder has more chances to be successful than an anonymous one... Many projects have fake people and fake identities as in Linkedin, no one verifies an identity, so I could be the president of the moon and for them is fine.... So the same for twitter ( just an email verification) and for telegram... even worst...

If this had to be valued in the crypto market, BTC would have never created what we are discussing now...we need to thank anonymous people that brought us this technology and only whoever wants to show themselves now, they do because they want more popularity.

My personal opinion is that we should judge the project itself and no who we think is behind a project. This is a new market. We have projects with successful managers in Tlc or food supply that now are in the crypto world... Do you think this is a guarantee of success?