Ethereum and Bitcoin: What will Bitcoin 2.0 look like?

[nicktesla]

I did a bunch of reading and re-reading about the Ethereum protocol and in this post
https://medium.com/@levandreessen/ethereum-and-bitcoin-a-tale-of-two-networks-a82b61f0b479

I try to give an accessible overview of Ethereum and where it sits within the ecosystem. I then try to understand where Bitcoin itself fits into a future where the Blockchain technology is being used by all kinds of decentralized apps and the concept of a currency is potentially commoditized as an app in a platform like Ethereum.

I'd like to see a future where the Bitcoin protocol itself just absorbs all the best features but given the fact that networks evolve to do what they are best at doing it's possible that just as with social networks we have multiple formidable networks that fill their own niches and are equally valuable. Anyways read up here: https://medium.com/@levandreessen/ethereum-and-bitcoin-a-tale-of-two-networks-a82b61f0b479

and let me know your thoughts and send corrections my way these are also notes for myself and for anyone who'd find them useful

[BittBurger]

Commence every single person replying to this thread talking sh*t about Ethereum, but misspelling it and not knowing what it is, at the same time.

Kinda like Bitcoin skeptics.  Crazy huh?

-B-

[mbaeichapareiko]

op  nice one.   following you on twitter now.

[Xiaoxiao]

Does ethereum have potential?  Is ethereum the future of cryptos?  Does ethereum eliminate the problem of too many retarded cryptos coming out?

[remotemass]

Thanks op. Well done. 

[Hexadecibel]

Commence every single person replying to this thread talking sh*t about Ethereum, but misspelling it and not knowing what it is, at the same time.

Kinda like Bitcoin skeptics.  Crazy huh?

-B-

Except, there are real challenges for any altcoin to overcome, and none have so far.

Here are some interesting write ups on why that may continue to be the case:

http://nakamotoinstitute.org/mempool/the-coming-demise-of-altcoins/

http://nakamotoinstitute.org/mempool/the-problem-with-altcoins/

[jabo38]

Commence every single person replying to this thread talking sh*t about Ethereum, but misspelling it and not knowing what it is, at the same time.

Kinda like Bitcoin skeptics.  Crazy huh?

-B-

Except, there are real challenges for any altcoin to overcome, and none have so far.

Here are some interesting write ups on why that may continue to be the case:
 
http://nakamotoinstitute.org/mempool/the-coming-demise-of-altcoins/

http://nakamotoinstitute.org/mempool/the-problem-with-altcoins/he

the articles are well thought out but the main point is more or less "bitcoin is the best coin because its the biggest coin" and that is indeed true for today.  the author thinks that it will not ever get challenged and will live on forever.  the fact is all 1.0 tech gives way to 2.0 tech.  ALWAYS.  and Bitcoin for being as awesome as it is, and I do think it is awesome, does have very many problems.  I do believe a faster, lighter, pretty, cleaner, stronger, safer, and more flexible protocol will come out and that it will someday gain enough market share to first challenge and then over take bitcoin.  this the story of tech.  The three contenders I am looking at are Ethereum (strong huge team, lots of advertising), NEM (medium sized directed team and large and somewhat equal investor pool which is a first in crypto), NXT (very loose team of devs working in lots of directions with a small but very rich initial investor pool to fun activities).  To me Ethereum is the most centralized and NXT the most decentralized and NEM is taking the middle road path. 

[juicyjuice87]

Commence every single person replying to this thread talking sh*t about Ethereum, but misspelling it and not knowing what it is, at the same time.

Kinda like Bitcoin skeptics.  Crazy huh?

-B-

Except, there are real challenges for any altcoin to overcome, and none have so far.

Here are some interesting write ups on why that may continue to be the case:
 
http://nakamotoinstitute.org/mempool/the-coming-demise-of-altcoins/

http://nakamotoinstitute.org/mempool/the-problem-with-altcoins/he

the articles are well thought out but the main point is more or less "bitcoin is the best coin because its the biggest coin" and that is indeed true for today.  the author thinks that it will not ever get challenged and will live on forever.  the fact is all 1.0 tech gives way to 2.0 tech.  ALWAYS.  and Bitcoin for being as awesome as it is, and I do think it is awesome, does have very many problems.  I do believe a faster, lighter, pretty, cleaner, stronger, safer, and more flexible protocol will come out and that it will someday gain enough market share to first challenge and then over take bitcoin.  this the story of tech.  The three contenders I am looking at are Ethereum (strong huge team, lots of advertising), NEM (medium sized directed team and large and somewhat equal investor pool which is a first in crypto), NXT (very loose team of devs working in lots of directions with a small but very rich initial investor pool to fun activities).  To me Ethereum is the most centralized and NXT the most decentralized and NEM is taking the middle road path.  

+1 and from what I see most Bitcoiners are against innovation.. Not including myself might I add

[bagassnya]

is etherum the future crypto currency like bitcoin?