What if Ethereum replaces Bitcoin someday?

[Sebas.tian]

The best store of value in my opinion is that of Bitcoin and not Ethereum as you have said, also, Bitcoin has been confirmed as a good store of value by professionals. Ethereum cannot replaces Bitcoin because they are not built on the same platform. Bitcoin being the "mainstream of the manifestation of the Blockchain" with this, Bitcoin will remain in the frontier world of cryptocurrency and no altcoins can displace it from the leading.

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[judeafante]

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?

It could happen but for the time being, we should concentrate on Bitcoin, Bitcoin first then others will follow, when majority of the people in the world are now using Bitcoin, we can think of a better alternative, it could not be Ethereum right away, there's a lot of new coin coming or coins now that are now improving.

[ongkok87]

I think this will never happen at all, although ETH is a good and promising coin, but still Bitcoin is much stronger and more promising

everything is very simple because bitcoin has those properties that ETH can never possess, but Ethereum does not have those properties that bitcoin cannot possess. that's why ETH can never be the first. Just a simple logic 

bitcoin if we logic is the basis of the current cryptocurrency ecosystem. and if the existing system and ecosystem is already formed there will be a drastic change in cryptocurrency due to this. therefore not arbitrary in the election,and also nothing can replace. although no matter how good the project.ethereum is just a trendy thing and in fact it is currently down in price since it's no longer used as an ICO

[Google+]

if ethereum can someday replace bitcoin then surely there will be many erc20 tokens that will experience price increases because ethereum demand will increase and many will use ethereum technology and platforms to make payments, I hope that dream can come true.

[Ss4sukE]

if ethereum can someday replace bitcoin then surely there will be many erc20 tokens that will experience price increases because ethereum demand will increase and many will use ethereum technology and platforms to make payments, I hope that dream can come true.

yes we all hope too, moreover ethereum has smart contracts with several ico projects at the moment, and if ethereum can replace bitcoin someday. this will win a new history that some tokens that have been generated from the erc20 platform, will increase significantly and have good selling points. and maybe nothing will ever be called a trash token again

[Aabcde]

If Ethereum replaces bitcoin one day, there will definitely be a lot of shitcoin popping up under the auspices of the ethereum blockchain. No doubt, now there are so many shitcoins in circulation, what will happen if ETH is ranked 1, thousands of shitcoins will be created. That is the reason that crossed my mind that ETH will never be able to rival bitcoin because the network itself is full of scammers.

[plast555]

if ethereum can someday replace bitcoin then surely there will be many erc20 tokens that will experience price increases because ethereum demand will increase and many will use ethereum technology and platforms to make payments, I hope that dream can come true.

In the long-term, no cryptocurrency can replace Bitcoin. Because we haven't seen any "perfect" cryptocurrency so far. Ethereum has scalability and privacy issues, still. And they have no minimum supply quantity. Bitcoin dominance is still %60. And it seems unbreakable at this moment. I respect Ethereum and it features but I don't assume it can replace Bitcoin.

[allwelder]

There is some possibility before Ethereum hardford to two chains.,but now it's impossible for ETH to replace BTC.
What's the most important for crypto currency,it's decentralization and anti-roll back,even though eth team have legitimacy to suggest hardfork to some extent.

[whyrqa]

if ethereum can someday replace bitcoin then surely there will be many erc20 tokens that will experience price increases because ethereum demand will increase and many will use ethereum technology and platforms to make payments, I hope that dream can come true.

In the long-term, no cryptocurrency can replace Bitcoin. Because we haven't seen any "perfect" cryptocurrency so far. Ethereum has scalability and privacy issues, still. And they have no minimum supply quantity. Bitcoin dominance is still %60. And it seems unbreakable at this moment. I respect Ethereum and it features but I don't assume it can replace Bitcoin.

Bitcoin, in any case, remains a highly liquid cryptocurrency, which is valued primarily because of the ability to earn huge funds due to the volatility of Bitcoin.  In addition, Bitcoin is also a very popular asset for long-term storage today, especially considering the forecasts that its price will soar to several hundred thousand dollars.  But if we take into account the problems of scalability and security of Ethereum, then I think that Bitcoin has much more scalability problems.  Moreover, if you take into account that with the growth of prices for ethereum, new projects, such as ico companies 2016-2017, will take advantage of this situation, then I am sure that a mechanism will be created to monitor such projects so that there are no problems with fraud and junk coins.

[ashmodeus]

somehow , i just think , its imposible.
okay , u can say ETH is the biggest candidate for beating btc, but according to the fact on coinmarketcap, ETH is soo far far away from BTC.
and i just speculate , even eth if 2.0 is succes , its still no make any change for it.

but if u asking what if ?
okay so that mean , people have lost a trust for btc, posibly it will be happen if satoshi sell the btc of him.

[wxxyrqa]

somehow , i just think , its imposible.
okay , u can say ETH is the biggest candidate for beating btc, but according to the fact on coinmarketcap, ETH is soo far far away from BTC.
and i just speculate , even eth if 2.0 is succes , its still no make any change for it.

but if u asking what if ?
okay so that mean , people have lost a trust for btc, posibly it will be happen if satoshi sell the btc of him.

One way or another, if the demand for ethereum has grown, then its value and capitalization will accordingly increase.  It is possible that some Bitcoin owners will sell coins to buy Ethereum.  Based on this, we can assume quite a few options for reducing the distance between Bitcoin and Ethereum.  At least the ETH team is working on the prospects of their product.

[DarkIT]

in the near future, it is very unlikely to happen but if one day bitcoin has reached max supply circulation, I am sure there will be a substitute for the existence of bitcoin whether it is ethereum or other coins, and i don't know when that will happen. personal opinion, I hope that bitcoin will still exists and is irreplaceable.

I am pretty sure that bitcoin still exists and remains popular if the number has reached a maximum, and I think the price will be more expensive. in the matter of ethereum going beyond bitcoin, I think it's quite difficult, even for now I still can't imagine it. ehtereum is indeed a very good coin, and is approaching bitcoin, but in fact bitcoin also greatly influences the current price of ehtereum.

but we don't know what will happen in the future, it could be that our hope can be wrong and ethereum will completely replace bitcoin. although the possibility is small but in the crypto world everything can happen.

Well, if you are really worried that Ethereum will replace Bitcoin, so at this time I suggest to collect Ethereum instead of Bitcoin. this is done just in case someday this happens. even I myself have done that. but so far, I've only collected a few ethereum and started to refocus on bitcoin. I am pretty sure that bitcoin will continue to be above altcoin.

[Aying]

if ethereum can someday replace bitcoin then surely there will be many erc20 tokens that will experience price increases because ethereum demand will increase and many will use ethereum technology and platforms to make payments, I hope that dream can come true.

Hoping that too to happen. but for now if I think of it. its very difficult, because the price rate average are so far. lots of users are only depends on bitcoin. low investors are choose bitcoin only because they don't want to risk on other crypto currency. but everyone still hoping that ethereum will make a history. lets wait for that.  

[DaveWave]

There is a big chance in the future that Bitcoin won't stay at number one. Not only Ethereum but the other projects also like IOTA, Ripple, ADA and many more. Ethereum is just the main front runner now to unseat Bitcoin because it stayed in the second spot for years. But Bitcoin has a chance to continue being the king as it also scales. Bitcoin proved to be the best when it comes to security.

[sapnu]

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?

There's nothing wrong about it. Ethereum has an awesome platform, they are the second largest price and volume as you can see in the market. Ethereum has a possibility to rise to the top but I think as of now nothing can beat the price and volume of bitcoin since it is the most used cryptocurrency than any other coins. There are also lots of projects that are being developed and have their awesome platform but still, the popularity and support is very important. Investors that will help the project to rise.

[Abiky]

It could happen but for the time being, we should concentrate on Bitcoin, Bitcoin first then others will follow, when majority of the people in the world are now using Bitcoin, we can think of a better alternative, it could not be Ethereum right away, there's a lot of new coin coming or coins now that are now improving.

Well, Bitcoin's the one cryptocurrency which started this movement after all. Other cryptos that came before Bitcoin are called altcoins and Ethereum is one of them. No matter how innovative and actively developed Ethereum is, I don't think it would be able to overcome the original cryptocurrency anytime soon. Right now, its market cap is way below Bitcoin's. Not to mention, the total supply of ETH is undefined. This would prevent Ethereum from becoming a store of value in the future. Because of this and many other reasons, I believe that Bitcoin will retain its rightful place on the market for quite a long time.

We should focus on Bitcoin first, since it's the biggest cryptocurrency in the world. Then, we could focus on other cryptocurrencies which are meant to be a complement to Bitcoin in every way. Ethereum, Litecoin, and many of the other cryptocurrencies on the market have their unique features and uses within the mainstream world. Ethereum's smart contract capabilities provide an extension of features within the Blockchain. This proves that Bitcoin's technology is far more capable of fulfilling other industries in the mainstream world than we've ever thought before. With due time, ETH will be able to grow into an unstoppable platform for decentralized applications while Bitcoin remains as the world's most trusted store of value.

Nonetheless, there's still the possibility of Ethereum replacing Bitcoin in the future if the latter doesn't improve in terms of scalability. Since crypto is known to be extremely unpredictable, anything could happen in the future. Just my thoughts

[aomakun]

somehow , i just think , its imposible.
okay , u can say ETH is the biggest candidate for beating btc, but according to the fact on coinmarketcap, ETH is soo far far away from BTC.
and i just speculate , even eth if 2.0 is succes , its still no make any change for it.

but if u asking what if ?
okay so that mean , people have lost a trust for btc, posibly it will be happen if satoshi sell the btc of him.

One way or another, if the demand for ethereum has grown, then its value and capitalization will accordingly increase.  It is possible that some Bitcoin owners will sell coins to buy Ethereum.  Based on this, we can assume quite a few options for reducing the distance between Bitcoin and Ethereum.  At least the ETH team is working on the prospects of their product.

I agree with you. Eth can never beat bitcoin. It cannot even come anywhere close to that. No doubt it has proved to be the best altcoin so far and indeed the most trustworthy among them but bitcoin is at a whole different level. Those who think there will be a day when ethereum is going to be the number one crypto coin, then they need to know this fact that it is bitcoin due to which altcoins got any recognition.

to date altcoin is indeed not able to compete rapidly against bitcoin because in the position of volume and trust is more widely held by bitcoin. so I think that they will continue to side by side for bitcoin and eth which is included in altcoin to provide facilities for each crypto user who has their own differences.

[stephanirain]

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?

From what I see here, bitcoin is like the music we first love a called a classic. While ETH is the new best song in the playlist. At rankings, ETH can really replace BTC one day but everyone will not forget BTC. Many people who aren't that so familiar with this industry, don't even know the difference between crypto and bitcoin. Othet coins could also replace BTC or even ETH at the top of the rankings and time can be the only one to tell what's going to happen.

[Pinkris128]

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?

It will impossible to absolutely determine what will happen in the future but it's not a crime to make assumptions and predictions. ETH indeed has many uses and very efficient as a coin and a platform. But due to the popularity of BTC, it fades in the background most of the time. But ETH has still potential and room for growth so I am pretty much excited to what else will happen in the crypto market.

[Drai]

I don't think ethereum has what it takes to overtake Bitcoin in the number one position in coinmarketcap, don't get me wrong because I am a placard carrying fan of ethereum but I am just being realistic, while ethereum has definitely brought about great innovation to blockchain technology, if a coin would surpass bitcoin, it wouldn't be ethereum because ethereum does not have the scalability for worldwide adoption, if a coin were to do the impossible, it would be a coin with the required scalability for worldwide adoption and it would only surpass it when it is the default cryptocurrency being used the world over.