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Author Topic: btc vs ethereum  (Read 2633 times)
cryptoboss2020 (OP)
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October 13, 2020, 01:16:13 PM
 #1

 bitcoin is techically more superior then ETH ,yes but the use cases are bigger for etheruem now!

real utility for ETH ARE BIGGER.

ETH: defi, icos, dapps, stable coins.
also the very good liquitity !!


BITCOIN ?

yes you can buy thigns with btc but so you can do with ETH.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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October 13, 2020, 01:23:27 PM
 #2

Total volume of bitcoin is bigger than of Ethereum:
- Bitcoin: $28,655,051,944
- Ethereum: $18,715,923,314
https://coinmarketcap.com/

- DeFi:
Quote
Top DeFi Tokens by Market Capitalization
The DeFi crypto market cap is $12.59 B, a  -0.84% decrease over the last day.

https://coinmarketcap.com/defi/

I don't see how bigger Ethereum is than Bitcoin.

R


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October 13, 2020, 01:36:39 PM
 #3

Mostly the purpose of bitcoin and ethereum are different i.e. Bitcoin is promoted as an alternate currency, or digital currency, whereas ethereum establishes peer-to-peer contracts and applications through its own currency vehicle. Therefore, bitcoin has emerged as a more stable digital currency, and ethereum is more about smart contract applications.


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October 13, 2020, 01:56:06 PM
 #4

If Bitcoin is also offering its own DeFi then perhaps you can make a fair comparison, but it's not. If you have DApps on Bitcoin then you can compare it with Ethereum, but it doesn't have them. If you can find a stablecoin on the Bitcoin blockchain then you may compare it with USDT on Ethereum, but Bitcoin doesn't have it. So there is really no reason to compare Bitcoin and Ethereum when each one of them is offering a different dish.
cryptoboss2020 (OP)
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October 13, 2020, 02:04:56 PM
 #5

If Bitcoin is also offering its own DeFi then perhaps you can make a fair comparison, but it's not. If you have DApps on Bitcoin then you can compare it with Ethereum, but it doesn't have them. If you can find a stablecoin on the Bitcoin blockchain then you may compare it with USDT on Ethereum, but Bitcoin doesn't have it. So there is really no reason to compare Bitcoin and Ethereum when each one of them is offering a different dish.


The crypto without bitcoin be without ....but now without ethereum?  look the usdt is on ethereum defi is on ethereum binance coin is on ethereum ico using ethereum.

etheruem now in crypto is very imporant if tomrow btc will disapere nothing much happening but if ethereum will disapere a lot things will go wrong so etheruem must have good capabilities to carry all this alone.


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October 13, 2020, 02:14:21 PM
 #6

bitcoin is techically more superior then ETH ,yes but the use cases are bigger for etheruem now!

real utility for ETH ARE BIGGER.

ETH: defi, icos, dapps, stable coins.
also the very good liquitity !!


BITCOIN ?

yes you can buy thigns with btc but so you can do with ETH.


We can also buy things using other coins. Ethereum suffers huge traffic on it's network compared to it's previous traffic history. That is the reason of high fees on ethereum blockchain. Bitcoin transaction fees relies on you and your inputs, you can minimize the fee is you want like 1 satoshi per byte. Keep also in mind, Eth tokens are full of frauds.
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October 13, 2020, 02:16:57 PM
 #7

The crypto without bitcoin be without ....but now without ethereum?  look the usdt is on ethereum defi is on ethereum binance coin is on ethereum ico using ethereum.
Guess what? these stuff could also be on completely centralized and custodial platforms because these projects aren't even decentralized in the first place.

I'm slowly being convinced that my topic should be pinned or something lmao due to people making misconceptions that just because something is on Ethereum, it automatically means it's "decentralized"; heck, USDT ain't even non-custodial.

Topic: [UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

etheruem now in crypto is very imporant if tomrow btc will disapere nothing much happening but if ethereum will disapere a lot things will go wrong so etheruem must have good capabilities to carry all this alone.
Nice joke.

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cryptoboss2020 (OP)
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October 13, 2020, 02:28:30 PM
 #8

The crypto without bitcoin be without ....but now without ethereum?  look the usdt is on ethereum defi is on ethereum binance coin is on ethereum ico using ethereum.
Guess what? these stuff could also be on completely centralized and custodial platforms because these projects aren't even decentralized in the first place.

I'm slowly being convinced that my topic should be pinned or something lmao due to people making misconceptions that just because something is on Ethereum, it automatically means it's "decentralized"; heck, USDT ain't even non-custodial.

Topic: [UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

etheruem now in crypto is very imporant if tomrow btc will disapere nothing much happening but if ethereum will disapere a lot things will go wrong so etheruem must have good capabilities to carry all this alone.
Nice joke.


but ethereum is needed...binance coin defi ico stable coins ...its all working mainly on ethereum.

show me the bitcoin use case?  the both have but dont you see people how important is ethereum now!
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October 13, 2020, 02:34:42 PM
 #9

I wouldn't compare bitcoin with Ethereum. Although Ethereum is the most potential altcoin but it's not true decentralized like Bitcoin. The Ethereum team could create an influence on the market. I know Ethereum is a platform where anyone can deploy token or launch DeFi. But still, it will consider as an altcoin, but bitcoin is a crypto coin and it will consider as a mother coin always. Bitcoin is true decentralized where the creator is anonymous, so since we don't know the team means they can't create influence on the market.

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October 13, 2020, 02:35:46 PM
 #10

it is difficult to compare etherium and bitcoin, blockchain is different in function, I prefer etherium because they provide smart contracts, without etherium smart contracts, major coin coins will not be created
cryptoboss2020 (OP)
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October 13, 2020, 02:38:48 PM
 #11

I wouldn't compare bitcoin with Ethereum. Although Ethereum is the most potential altcoin but it's not true decentralized like Bitcoin. The Ethereum team could create an influence on the market. I know Ethereum is a platform where anyone can deploy token or launch DeFi. But still, it will consider as an altcoin, but bitcoin is a crypto coin and it will consider as a mother coin always. Bitcoin is true decentralized where the creator is anonymous, so since we don't know the team means they can't create influence on the market.


yes i would compare both are top used currencies with best liquitity!
and yes we we should comapre the question here is not to compare or not....but the topic started here to talk about why btc is better then ethereum???
and it seems to me no sure facts of that.
im not saying bitcoin is not better then ethereum im just try to find reasons for this.
Fundamentals Of
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October 13, 2020, 02:58:34 PM
 #12

If Bitcoin is also offering its own DeFi then perhaps you can make a fair comparison, but it's not. If you have DApps on Bitcoin then you can compare it with Ethereum, but it doesn't have them. If you can find a stablecoin on the Bitcoin blockchain then you may compare it with USDT on Ethereum, but Bitcoin doesn't have it. So there is really no reason to compare Bitcoin and Ethereum when each one of them is offering a different dish.
The crypto without bitcoin be without ....but now without ethereum?  look the usdt is on ethereum defi is on ethereum binance coin is on ethereum ico using ethereum.

etheruem now in crypto is very imporant if tomrow btc will disapere nothing much happening but if ethereum will disapere a lot things will go wrong so etheruem must have good capabilities to carry all this alone.

First and foremost Ethereum wouldn't have existed had Bitcoin not paved the road first. If Bitcoin dies today, Ethereum as well as the rest of the world of altcoins might probably die with it. But if Ethereum dies today, I don't think Bitcoin will follow suit.

Bitcoin is important as Ethereum is also important. But crypto is more Bitcoin than Ethereum. Crypto will continue to live without Ethereum than without Bitcoin.

In fact, people on Ethereum and those who support Ethereum all support Bitcoin but not vice versa.
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October 13, 2020, 02:59:53 PM
 #13

but ethereum is needed...binance coin defi ico stable coins ...its all working mainly on ethereum.
Never disagreed that Ethereum was actually being used. It's just that using Ethereum was mostly unnecessary because of centralization.

show me the bitcoin use case?  the both have but dont you see people how important is ethereum now!
Money that's actually decentralized and secure? Place Vitalik Buterin and the Consensys team in jail and you get what? A dead project. As for bitcoin? The government's gotta pursue hundreds and hundreds of different people worldwide.

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October 13, 2020, 03:03:50 PM
 #14

These are the most preferred cryptos of the majority. Why there's a need to compare? but if you insist, I'll go with our precious Bitcoin. I don't care about those ico, defi or any of those types that are just being brought due to the hype that it has. It will never par with the use case bitcoin does.
Bitcoin brought the technology and the rest of the cryptos are just path followers. Bitcoin polished everything and that's what you're praising now with Ethereum, it's all because of bitcoin why it had gone up to that point.

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October 13, 2020, 03:17:06 PM
 #15

yes you can buy thigns with btc but so you can do with ETH.
Bitcoin can serve as an alternative to fiat, not necessarily cause it can serve as a medium of payment, but due to the unique qualities it has which makes it attractive to holders as an escape from the current system;
• Bitcoin is fully decentralized and gives holders financial freedom,
• Bitcoin uses PoW algorithm to create a very secure network,
• Bitcoin has a fixed supply.
Same cannot be said about Ethereum.

Ethereum may have lots of hype projects run on its chain, like DeFi, ICOs and stable coins, most of which does not really serve a long term utility and is also used by scammers to create fake projects for investors to buy into the hype. Bitcoin has more utility as a financial asset, reason why we have public companies buying more into Bitcoin than altcoins.

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October 13, 2020, 03:53:36 PM
 #16

IMO, these two things can't be compared. bitcoin was born to be a digital currency.
meanwhile (once again IMO), ethereum was born to be a platform.
ethereum for me is like the adjutant/assistant for the bitcoin.
can't be denied that ethereum help gathers many people into this crypto space with ICO, DEFI, dApps, etc.
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October 13, 2020, 04:10:51 PM
 #17

Bitcoin was created for payment and is decentralized by miners around the world. Bitcoin is of more interest to many financial institutions than Ethereum because Bitcoin is truly decentralized.
Ethereum has many smart contract-based features that Ethereum creates and is mined by miners but Ethereum is centralized and it is decided by the Project's CEO.
I believe that it is decentralization that has created value for Bitcoin and thus Bitcoin's capitalization is larger and has an impact on the entire crypto market.

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October 13, 2020, 04:15:56 PM
 #18

It is wrong to compare bitcoin and ethereum because the purpose of making both of them was different.
The purpose of creating bitcoins was to make money transactions easier. Whereas the purpose of making ethereum was to give the convenience of smart contracts. Now if you consider Ethereum better than Bitcoin due to the hype of DeFi, then it will surely be wrong.



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October 13, 2020, 04:27:48 PM
 #19

As others have pointed out, you really can't/shouldn't compare the two.  They have entirely different use cases.  Second, it's important to point out that Ethereum's platform is Smart Contract based, and the truth about smart contracts is that they are "stuck" as far as their advancements go and can only perform basic functions that quite frankly other programs can do as well.  Here's an example.  Satoshi posted about using Smart Contracts for Escrow ( https://bitcointalk.org/index.php?topic=750.0 ) but the problem is this is not possible at the moment.  Smart contracts are very limited and therefore so is Ethereums current upside potential.

BTW DeFi is a SCAM!!!

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October 13, 2020, 04:43:59 PM
 #20

Bitcoin and ethereum are entirely different by the way it's been developed. Till date the growth pattern of ethereum takes place following bitcoin. This marks the dependence of ethereum on bitcoin, whereas with bitcoin the entire set of altcoins is an value addition to the cryptocurrency market. Ethereum as a platform had contributed big to the cryptocurrency market with its increased access for development of more number of applications.

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