Ethereum Shocks the World

[cafter]

Ethereum Shocks the World: Half a Million Validators and Rising, Is Ethereum the Next Crypto King Or BTC?

tell me if it's a stupid question

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[Hamza2424]

Dear Op what are you talking about ETH=BTC are you sure you are not dreaming? Dear No altcoin can compete with BTC as you can say that the Whole Altcoin market in total strength is almost a worthy competitor of the King BTC. Less than that you can't even compare them.

For a simple example check current market capital =



BTC market capital =



so always remember BTC > Whole Altcoin Market

[suzanne5223]

Ethereum Shocks the World: Half a Million Validators and Rising, Is Ethereum the Next Crypto King Or BTC?

tell me if it's a stupid question

To Bitcoiner and those who put honor above greed. What you're asking is a stupid question because there's a cryptocurrency that will ever be like Bitcoin.
1. It is the only true decentralized crypto and Ethereum shouldn't be categorized as decentralized since it uses the proof stake.
2. Its consensus and censorship-resistant cannot be achieved by any altcoin.
3. It's the reason why we know blockchain and its other benefits.

[blockman]

Ethereum Shocks the World: Half a Million Validators and Rising, Is Ethereum the Next Crypto King Or BTC?

tell me if it's a stupid question

Yeah, it's a stupid question that has been asked gazillion times. BTC isn't ETH and ETH isn't BTC and they've got their whole markets for it to be proclaimed as king of each individual.
ETH = king of altcoins.
BTC = king of the entire crypto market including ETH.

[Bazzu]

yes, ethereum is indeed a quality altcoin, that's why at cmc ethereum is in 2nd place. but in my opinion it still won't beat bitcoin, because bitcoin is very much in demand more than enthusiasts
ethereum. so it will be difficult for any altcoin to drop bitcoin.

but we won't know for the future.

[GreatArkansas]

Ethereum Shocks the World: Half a Million Validators and Rising, Is Ethereum the Next Crypto King Or BTC?

tell me if it's a stupid question

Yes, this is a stupid question. For me, this is not a valid comparison, Ethereum versus Bitcoin is not the thing here.
Bitcoin will always be the king of cryptocurrency. And both great cryptocurrencies got different use, Bitcoin is a major in payments. Ethereum is likely more advanced, which focuses on smart contracts.

[Fundamentals Of]

It is a stupid question for me. No altcoin can replace Bitcoin. That will never happen, at least not within decades and not within the current list of altcoins. There are stories or predictions of Ethereum flipping Bitcoin. I can hardly imagine that happening. But I don't discredit Ethereum's rise. It is a better altcoin, best coin in fact if we compare it with the other thousands of altcoins. Crypto innovations brought about by Ethereum have made a difference.

[TravelMug]

Ethereum Shocks the World: Half a Million Validators and Rising, Is Ethereum the Next Crypto King Or BTC?

tell me if it's a stupid question

Both are different crypto though, so there are no comparison, if there is Ethereum against the rest of the altcoins and not aganst Bitcoin.

So what is shocking though about those validators? i mean they are talking control of the Ethereum network so it become so centralized now.

And yes, sorry to burst the bubble for you, but this is a stupid question.

[Jackl87]

Ethereum Shocks the World: Half a Million Validators and Rising, Is Ethereum the Next Crypto King Or BTC?
tell me if it's a stupid question

Well i would say that no question is to stupid to ask, even though i think that it is pretty stupid to think that there needs to be a king of crypto or that it is either Ethereum or BTC like they are some opponents or something. For me BTC and Ethereum are completely different things. Bitcoin obviously was the first crypto project that was ever created. Therefore it basically created the whole crypto market and that is also the reason why crypto still equals BTC, especially for people that are not so familiar with cryptos.
Ethereum came later but offers much more functionality than Bitcoin. Ethereum made everything that we are having today possible.

[Beparanf]

Dear Op what are you talking about ETH=BTC are you sure you are not dreaming? Dear No altcoin can compete with BTC as you can say that the Whole Altcoin market in total strength is almost a worthy competitor of the King BTC. Less than that you can't even compare them.

For a simple example check current market capital =



BTC market capital =



so always remember BTC > Whole Altcoin Market

He is not talking about the price if you read the context of his statement. He is pertaining to increased of the number of validators of Ethereum due to the upcoming shanghai hark fork of Ethereum which probably gives more reward to all validators.

You can read full news here: https://news.bitcoin.com/ethereum-validator-count-surpasses-500000-ahead-of-upcoming-shanghai-hard-fork/

[Kemarit]

Dear Op what are you talking about ETH=BTC are you sure you are not dreaming? Dear No altcoin can compete with BTC as you can say that the Whole Altcoin market in total strength is almost a worthy competitor of the King BTC. Less than that you can't even compare them.

For a simple example check current market capital =



BTC market capital =



so always remember BTC > Whole Altcoin Market

He is not talking about the price if you read the context of his statement. He is pertaining to increased of the number of validators of Ethereum due to the upcoming shanghai hark fork of Ethereum which probably gives more reward to all validators.

You can read full news here: https://news.bitcoin.com/ethereum-validator-count-surpasses-500000-ahead-of-upcoming-shanghai-hard-fork/

Probably but what shocking to us is him telling us the ETH will be the next crypto King?

So regardless if it has top million validators or what not, I doubt that it can topple Bitcoin on top of the food chain. Even if we talk about the price, or market cap, ETH is still way below. So I don't think there is something that we should be in shock with the number of validators.

It could be the numbers that Ethereum didn't expect, but I guess it just shows how Ethereum becoming so centralized now with that number of validators?

[o48o]

Ethereum Shocks the World: Half a Million Validators and Rising, Is Ethereum the Next Crypto King Or BTC?

tell me if it's a stupid question

Ok i'll tell you it was a stupid question. They are not building same things so they are not in competition with each other, even though some maximalists like to think so. If you are talking in terms of marketcap, flippening at some point is possible, but it hasn't happened yet and ETH has been way more sensitive to any fud out there. And more importantly BTC leads the price movements. That should tell you enough about it.

[Yogee]

Congrats to Ethereum for achieving that many supporters. How did it shock the world exactly?

Interesting stats on the concentration of node validators per country that you can see from https://www.nodewatch.io/

As of this writing,
US - 39.92%
Germany - 13.84%
Finland - 6.42%

The data show it's highly concentrated on North America and Europe. What would you make of this information?


......
Numbers are higher here https://www.ethernodes.org/countries

[zasad@]

Ethereum Shocks the World: Half a Million Validators and Rising, Is Ethereum the Next Crypto King Or BTC?

tell me if it's a stupid question

The last thoughts about this coin I wrote in this post
https://bitcointalk.org/index.php?topic=5434542.msg61587848#msg61587848
There you will find a link to a very large topic on this forum. So far, Ethereum looks like a king compared to other competitors, but decentralization in this ecosystem needs to be monitored. And you need to understand that investing in this coin will not give many percent of the profit, because the capitalization is already very large, and the increase in the cost of ethereum increases the cost of transactions in all its ecosystems.

[goaldigger]

Ethereum Shocks the World: Half a Million Validators and Rising, Is Ethereum the Next Crypto King Or BTC?

tell me if it's a stupid question

Another bull, another hype so probably this is not new.
Anyway, i have no hate with ETH since I’m also holding it but what I don’t see here is that, ETH can’t never replace Bitcoin on top because it is created on a different purpose. If you think ETH can be the next big one, then that’s ok just increase your holdings so you can feel it. The market is growing and rising again, its good to see a lot of positive reviews with cryptocurrency.

[crzy]

Ethereum Shocks the World: Half a Million Validators and Rising, Is Ethereum the Next Crypto King Or BTC?

tell me if it's a stupid question

No, but ETH will remain the top altcoins.
Their purpose is to complement what is not with Bitcoin and not to replace it. ETH will grow bigger, there are still good update that will come and probably that can affect ETH for good. We should be able to see it now and start preparing for it, I suggest to have some ETH on your wallet.

[Ojima-ojo]

We should way grow above this form of mindset by now, flthe most funny activities in recent time a comparing BTC vs ETH their both have no comparison bases.

Talking about market capitalization and volume ethereum can never equal BTC, and trying to compare BTC vs eth is like comparing birds vs bees just because the two are flying.

[poodle63]

it isn't even a question, I think eth still far from stealing BTC throne, the market capitalization itself is already far off, I don't think ethereum could ever beats BTC.
the only way for ethereum in doing that is getting itself rising in value multiple folds and i'm sure that's gonna be hard for ethereum since its value is already high enough and could hardly increase further.

[JeffBrad12]

that doesn't have correlation with the market capitalization so I think it will never shake the position of BTC, instead it will just make eth have stronger grasp in its position as number 1 alt coin.
even like that there are quite many problems left by ethereum that still unsolved and could be hindrance in future bullruns in which gonna holds back ethereum from rising its value like their fees.
ethereum should focus in development of their blockchain to overcome fees and scalability.

[Rengga Jati]

Ethereum Shocks the World: Half a Million Validators and Rising, Is Ethereum the Next Crypto King Or BTC?

BTC will be always, ETH may be the king of Altcoins, but the king of Crypto will be BTC only.

tell me if it's a stupid question

Yes, it is. Never believe someone who always says about altcoin is the king of crypto, moreover if you heard from new projects saying to be the next of Bitcoin or the king of crypto, they are all shits.