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Author Topic: Being an Etherean  (Read 74 times)
casperBGD (OP)
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November 30, 2020, 09:48:47 AM
 #1

Since the planned launch of ETH2.0 contract and successful reaching a deposit threshold, I realized that I am more of an Etherean that Bitcoiner

it is not something that have anything against Bitcoin, but I do think that from a fundamental point of view, Bitcoin does not stand a chance to have higher market capitalization than Ethereum, if both network are successful and running, and I do expect to have Ethereum at the top of Crypto lists in the future, I am not sure that this will happen in a year or five years, but it should definitely happen, since Ethereum is a world changing technology in a much broader range than Bitcoin

Bitcoin is a revolution in P2P payments, and could be seen as a future Store-of-Value, and some market value of that could be compared to gold, which is around 10T USD, at the moment, at best

Ethereum, on the other side, is a revolution related to a much broader level of centralized computer networks, it is practically Decentralized World Computer, and market value of that product, if successfully deployed, is immense and could not be accurately foreseen, but could be derived from current market and should include much value from top .com companies and whole FinTech industry, that is consisting Nasdaq index, and what is more important, many top Technology companies are already there, included and developing their own private network solutions based on Ethereum technology, such as Microsoft Azure for example

that market value is not easy to estimate, but in the end, certainly higher than 10T USD, which is an end-point for Bitcoin, if seen as a Store-of-Value

this should not be seen as a financial advice, but my thoughts why I understood that I am an Etherean, and why Ethereum should skip Bitcoin in times to come
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November 30, 2020, 10:20:13 AM
 #2

May seem true, ETH 2.0 is indeed promising, although, in the near future, more and more kinds of crypto would come out and Ethereum should not only be compared with Bitcoin since different kinds of cryptocurrency are released every month with different views and different features and focus, BTC on the other hand has a huge value lead against Ethereum, it does look promising but we are yet to see if it can be as consistent as it can be right now, if it does, then it's good, I'm not gonna pick sides since I heavily use both ETH and BTC, let's just hope the best for the both  Grin
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November 30, 2020, 11:08:58 AM
 #3

The Beacon chain of ETH 2.0 would be live on December 2. And it's said that for two years both of those POW and POS versions of etherum would keep working. Depending on the success of it, Ethereum could be a good investment.
I did held ETH for quite a time but with bitcoin racing over Ethereum last month, I sold it for Bitcoin and now, Ethereum has been rising more than bitcoin. It seems much better to hold onto a coin but the sudden price change just put a panic on the holders.
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November 30, 2020, 11:25:36 AM
 #4

You may be right and wrong at the same time, you are saying from your own point of view and opinion.
This is how I see mine, Ethereum will not fail no matter the circumstances because of its ability to host ERC-20 projects.
Bitcoin is an entity that's quite different from ethereum, institutional and billionaire prefer to supply fait to its capitalization because it's just decentralized without team, no cofounder and other external activities that will disrupt it's growth or governance.
Ethereum on the other hand is just different, it's inability to scale is still a major problem and don't expect it's network to charge $0.1 as soon as Eth2.0 goes life, more and more test need to be done before all that can be achieved.
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November 30, 2020, 04:54:21 PM
 #5

Since the planned launch of ETH2.0 contract and successful reaching a deposit threshold, I realized that I am more of an Etherean that Bitcoiner

it is not something that have anything against Bitcoin, but I do think that from a fundamental point of view, Bitcoin does not stand a chance to have higher market capitalization than Ethereum, if both network are successful and running, and I do expect to have Ethereum at the top of Crypto lists in the future, I am not sure that this will happen in a year or five years, but it should definitely happen, since Ethereum is a world changing technology in a much broader range than Bitcoin


I object to this opinion of you. Ethereum is really a potential business where everyone wants to hold its coins, but you should know that the ERC - 20 platform caters only to Crypto market trends. That said, Ethereum is also a king but it only has an impact on the Crypto community. As for Bitcoin, it has a great influence on the centralized financial market as well as the general economy. You can see that Grayscale hedge fund is actively collecting Bitcoin and holding in the long term, their main purpose is to want to increase investment value instead of holding fiat money and suffer the upcoming inflation.
Ethereum may be the king of technology but will not be comparable to the king of money, which is Bitcoin.


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November 30, 2020, 04:58:28 PM
 #6

I didn't know that they were able to meet the threshold for ETH 2.0. By the way if you are not into Bitcoin and you mostly use altcoins you really are an Etherean since most of the coins are built under Ethereum in other words ERC-20 tokens.

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November 30, 2020, 05:28:51 PM
 #7

Since the planned launch of ETH2.0 contract and successful reaching a deposit threshold, I realized that I am more of an Etherean that Bitcoiner

it is not something that have anything against Bitcoin, but I do think that from a fundamental point of view, Bitcoin does not stand a chance to have higher market capitalization than Ethereum, if both network are successful and running, and I do expect to have Ethereum at the top of Crypto lists in the future, I am not sure that this will happen in a year or five years, but it should definitely happen, since Ethereum is a world changing technology in a much broader range than Bitcoin
Can't disagree with the point.
I'd describe it in one sentence - Bitcoin was a revolution 10 years ago, Ethereum is a current revolution.
I hope to see Eth over Btc in terms of market cap in couple years from now.

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November 30, 2020, 06:03:31 PM
 #8

Eth has really been doing very well lately and the launch will be tomorrow. What do you think about this move? Should we expect more pump or dump? Will there be more to come. Let's anticipate because that tomore is here and Eth is already going up after a massive dump that accured.
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November 30, 2020, 06:17:38 PM
 #9

In terms of market capacity: Ethereum may outperform Bitcoin, and any other currency may do so, but this does not mean anything because market capacity is a useless indicator.

Ethereum lacks many basic things, you have no max coins, which will determine the amount of currency appreciation and its ability to resist inflation.

Do not forget that a lot of tokens circulating in the network will make it slow.

Therefore, both the Bitcoin and Ethereum model have advantages and disadvantages, but Ethereum cannot outperform Bitcoin in its current form.
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November 30, 2020, 07:07:58 PM
 #10

Your facts are right but yet it's still a matter of choice. I am also an etherean but can't leave being a bitcoiner. If these two succeed then I am satisfied and happy to be crypto member and holder.
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November 30, 2020, 07:33:04 PM
 #11

I like to see your support and passion for ethereum but i do not agree that ethereum will replace btc as the top most coin in the market in regards of market cap or value. Yes eth has the potential to grow massively to even 10k but btc will also be over 100k to 200k so i support both these gems and i do not think that there is even a need for this debate.

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