What if Ethereum replaces Bitcoin someday?

[VIP BTC]

Ethereum, being the world's second largest cryptocurrency by market cap, has all the potential of replacing Bitcoin in the future. It's more than just a cryptocurrency, being a platform for the development and execution of smart contracts (aka dApps). With ETH, it's possible to launch alternative cryptocurrencies without the need to start a Blockchain from scratch. It's also possible to use the ETH blockchain for other purposes such as voting, proof of identity, verification of documents, and more. In contrast, Bitcoin's only use is for finance where it cannot be implemented in other areas by its own.

Given all of the benefits Ethereum provides on top of Bitcoin, it makes me wonder whenever it'll be able to replace the pioneer cryptocurrency within the future? As long as, Ethereum keeps progressing in development and mainstream acceptance, it'll be much closer to Bitcoin every step of the way. What are your thoughts?

As long as Ethereum supply growth continues, I think this will not change for the better. If we look in detail, each year Ethereum continues to grow by almost 5 million. This will not make Ethereum prices increase, because Ethereum circulation is too high.

[mcnocon2]

Do you mean replacing bitcoin in terms of marketcap and popularity? Very possible but I think Bitcoin is still in the upperhand in the long run unless there is a major bug/damage on the codes. Thats where ethereum will exceed Bitcoin but if there is only continuous development on both then it will not gonna happen.

[reza7777]

Bitcoin is the first originator of the creation of blockchain and the growth of bitcoin is growing faster while ethereum which is altcoin is still very difficult to crawl forward so I think ethereum will never replace bitcoin

[Asuspawer09]

It could possibly happen but doesn't mean it is going to happened. I think Ethereum has a lot of potentials and could be the closes altcoins that could replace bitcoin in the future. But I cannot think that bitcoin is going to be replaced but ethereum, to be honest, I think it is not going to happen because bitcoin is already established in the market comparing to the ethereum it needs to have a lot of adjustment and also get a high demand from the community.

Also, Ethereum cannot easily replicate bitcoin when it comes to technology some of the people say that it is more developed than bitcoin but still we could see that bitcoin is still number one in the market so I think maybe in the future new technology could arrived that could replace bitcoin or as a new currency.

[judaspriest]

Bitcoin is the first originator of the creation of blockchain and the growth of bitcoin is growing faster while ethereum which is altcoin is still very difficult to crawl forward so I think ethereum will never replace bitcoin

it will be difficult for altcoin to reach the top level, there are only a few that might be paired with Bitcoin. and one of them was Ethereum, but Ethereum certainly would not be king he would be empress for Bitcoin

[bryant.coleman]

I am hearing this ever since 2014, when they conducted the Ethereum ICO. Back then, I decided against participating in the ICO, because I believed that ETH had no chance of offering any competition to BTC. Earlier (in 2013) I had invested in coins such as LTC and NMC. These coins gave me good returns, but in 2014 they went down and the future prospects were not looking great. Anyway, it was a bad decision to not invest in ETH back then. But that said, I expect the market share of Ethereum to go further down in the coming years. There are better platforms out there if someone want to go for smart contracts. And the smart contract sector has not really taken off, as much as some of us would have liked.

[Tash]

Whats the total supply of Ethereum?  Exactly.

[NavI_027]

I am hearing this ever since 2014, when they conducted the Ethereum ICO. Back then, I decided against participating in the ICO, because I believed that ETH had no chance of offering any competition to BTC. Earlier (in 2013) I had invested in coins such as LTC and NMC. These coins gave me good returns, but in 2014 they went down and the future prospects were not looking great. Anyway, it was a bad decision to not invest in ETH back then. But that said, I expect the market share of Ethereum to go further down in the coming years. There are better platforms out there if someone want to go for smart contracts. And the smart contract sector has not really taken off, as much as some of us would have liked.

I agree on you mate, I invested before to Eth and I find it profitable somehow but in today's competition where lots of coins woth better features are entering, I felt that Eth's competitiveness is decreasing that's why I pull out and just stick with bitcoin. I guess I made a right decision after all .

Going back to the main question, I think nothing significant will happen if Eth become the new rank 1 (though slightly impossible to happen) aside that it will now get more adoptions than before and maybe this forum will change too like adding Ethereum Discussion etc. etc. I don't know just a maybe .

[b1boy]

We previously had the probability of flippening before, however this circumstance didn't happen. We can't foresee what might occur and regardless of whether it occurs, I accept that it won't keep going long. Many individuals know Bitcoin, yet they don't know different cryptocurrency and bitcoin and until they don't do claim contemplates

[Blackdeath]

It is impossible for Ethereum to compete with bitcoin and taking it's place as the number one cryptocurrency because since 2018 and 2019 ETH didn't make any great performance that everyone are now waiting for it's new development which the ETH 2.0 because they assume ETH will become good again.

[fib123]

Ethereum, being the world's second largest cryptocurrency by market cap, has all the potential of replacing Bitcoin in the future. It's more than just a cryptocurrency, being a platform for the development and execution of smart contracts (aka dApps). With ETH, it's possible to launch alternative cryptocurrencies without the need to start a Blockchain from scratch. It's also possible to use the ETH blockchain for other purposes such as voting, proof of identity, verification of documents, and more. In contrast, Bitcoin's only use is for finance where it cannot be implemented in other areas by its own.

Given all of the benefits Ethereum provides on top of Bitcoin, it makes me wonder whenever it'll be able to replace the pioneer cryptocurrency within the future? As long as, Ethereum keeps progressing in development and mainstream acceptance, it'll be much closer to Bitcoin every step of the way. What are your thoughts?

You are Right, Ethereum is more than just a cryptocurrency. Out of top 100 projects in market is running on Ethereum Blockchain  by using its smart contract. So it is well clrear that Eth is not going anywhere and it is also no doubt about be the 2nd largest project in cryptocurrecny after the BITCOIN.

But here is one thing very obvious that not can be compeat Bitcoin Ever because Bitcoin is the base of crypto, People will never lose interest into bitcoin. No doubt other ALT coins have well utility, have more Transaction speed instead of bitcoin but despite all these fact no one can replace bitcoin or will it left behind.

One more question could be raise here. Can BNB Overtake ETH?

[gwaposakon]

I think it is a possibility that ethereum will overcome bitcoin someday because Ethereum provides more uses than Bitcoin does and has better technology. But I dont think that it will happen anytime soon. Bitcoin, being the first in the crypto industry has already created a community that many will support it even with its limitation.

[Abiky]

I am hearing this ever since 2014, when they conducted the Ethereum ICO. Back then, I decided against participating in the ICO, because I believed that ETH had no chance of offering any competition to BTC. Earlier (in 2013) I had invested in coins such as LTC and NMC. These coins gave me good returns, but in 2014 they went down and the future prospects were not looking great. Anyway, it was a bad decision to not invest in ETH back then. But that said, I expect the market share of Ethereum to go further down in the coming years. There are better platforms out there if someone want to go for smart contracts. And the smart contract sector has not really taken off, as much as some of us would have liked.

Exactly. There are far better options out there for smart contracts. The delays in Ethereum's transition from PoW to PoS are doing more harm than good for the longevity of the world's second-largest blockchain by market cap. The more it takes to scale, the lesser it'll be adopted by people in the mainstream world. We've already seen how alternative smart contract platforms like EOS and TRON have seen an exponential boost in transaction activity and mainstream adoption. The number of decentralized applications are growing each and every day, relative to Ethereum. If the world's second-largest cryptocurrency by market cap wants to prove itself superior to its competitors and even Bitcoin itself, it would need to adopt new scaling solutions in the least time possible. Even so, Ethereum's supply is unlimited which is unsuitable as a store of value. It'll never be able to obtain higher prices in the future because of this.

While it's becoming harder to believe that Ethereum will replace Bitcoin someday, we can say that ETH will remain as the second most popular cryptocurrency in the world. The mere fact that it's constantly being developed like Bitcoin, tells us it'll be this way. Not to mention, Ethereum has a trusted branding among the smart contracts space unlike its competitors. For true reliability and censorship-resistance, Ethereum will continue to be the choice of mainstream developers. It's like the "Bitcoin" of the smart contracts world. Which means, that ETH cannot be replaced by another cryptocurrency whereas Bitcoin cannot be replaced by Ethereum itself.

Nonetheless, there are better important things to focus than speculating which coin will replace the other. Ethereum has been doing fine as the world's second-largest cryptocurrency by market cap. Instead of replacing Bitcoin, it could complement it in every way. For finance, Bitcoin is the leader. But Ethereum takes the lead for decentralized applications that extends the Blockchain's functionalities far beyond that of finance. In the end, both cryptocurrencies (BTC & ETH) will live alongside each other for many generations. Just my thoughts

[Handsome Boy]

Ethereum, being the world's second largest cryptocurrency by market cap, has all the potential of replacing Bitcoin in the future. It's more than just a cryptocurrency, being a platform for the development and execution of smart contracts (aka dApps). With ETH, it's possible to launch alternative cryptocurrencies without the need to start a Blockchain from scratch. It's also possible to use the ETH blockchain for other purposes such as voting, proof of identity, verification of documents, and more. In contrast, Bitcoin's only use is for finance where it cannot be implemented in other areas by its own.

Given all of the benefits Ethereum provides on top of Bitcoin, it makes me wonder whenever it'll be able to replace the pioneer cryptocurrency within the future? As long as, Ethereum keeps progressing in development and mainstream acceptance, it'll be much closer to Bitcoin every step of the way. What are your thoughts?

I agree with what you think, because in my opinion the project from Ethereum is already widely known and used by people, so it makes the chance for Ethereum to beat Bitcoin even bigger, so in my opinion we just need to wait for the right time to see Ethereum beating Bitcoin, but I believe it takes a long time because there are still many people who believe to investing in Bitcoin.

[Crypto5060]

It will really take a lot to displace Bitcoin as the number one cryptocurrency. Bitcoin has exerted it's dominance and as the most trustworthy cryptocurrency to investors and as payment solutions.

[adzino]

Replace in terms of what? In terms of popularity and usage? In terms of market cap? In terms of price? Well if it does replace in any of these terms, then nothing really would happen. All these are just numbers and if ethereum manages to beat those numbers, then yeah we can say that ethereum is better than bitcoin. But that is highly likely to happen. Bitcoin has been on the market for ages and is well known to people through out the world. When someone says crypto currency, the first thing that comes to someones mind is "bitcoin". When someone thinks about investing on crypto currency, the first thing they think about is bitcoin. So I highly doubt this is going to happen.

[BlackFor3st]

Ethereum, being the world's second largest cryptocurrency by market cap, has all the potential of replacing Bitcoin in the future. It's more than just a cryptocurrency, being a platform for the development and execution of smart contracts (aka dApps). With ETH, it's possible to launch alternative cryptocurrencies without the need to start a Blockchain from scratch. It's also possible to use the ETH blockchain for other purposes such as voting, proof of identity, verification of documents, and more. In contrast, Bitcoin's only use is for finance where it cannot be implemented in other areas by its own.

Given all of the benefits Ethereum provides on top of Bitcoin, it makes me wonder whenever it'll be able to replace the pioneer cryptocurrency within the future? As long as, Ethereum keeps progressing in development and mainstream acceptance, it'll be much closer to Bitcoin every step of the way. What are your thoughts?

I haven't thought of it because Bitcoin is mother of all currencies even if Ethereum is in the 2nd position that will likely to replace Bitcoin someday. So if Bitcoin will be replace, I am sure that this will be a big news and will likely to create a fuss around the crypto society.

But if the big whales out there will boycott the support of bitcoin and they will convert to Ethereum then the possibility that it will happen is pretty big. Ethereum will likely to need 160,000,000,000$ market capital to overtake the king of crypto currencies.

[Dondeon]

There is no doubt that when it comes to features, ethereum is on top but that will not take away the fact that we have more real world adoption in btc than ETH. I can't wait to see ETH take over btc but that is if the people that matters will allow that.

[vermigerous]

I believe in the good potential of ethereum coin, and it is just next to bitcoin interms of volume in crypto market. However, i think it is impossible for ethereum to replace bitcoin, not even their prices is near, bitcoin will be always on the number one top coin i guess.

[Tash]

What if ............... someday?