What effect will Ethereum have on Bitcoin?

[djleafinmy]

Hi, long time lurker but feel this is quite important and want some opinions...

Ethereum will be released on the 20th of March, and looks amazing (different story if it delivers). I feel it's going to take some time for Ethereum to become known, but once it does I feel it will cause bitcoins price to increase significantly.

A decentralized platform could truly be revolutionary, and exactly what Bitcoin needs to grow $10,000+. If Ethereum delivers, this is going to fucking happen whether you like it or not, no bad news could destroy Bitcoin.

What do you guys think?

[Somekindabitcoin]

All I can say is it better be the shit. 18 million dollars put into a cryptocoin should be greater than even Bitcoin itself.

[Amph]

if bitcoin could be used on ethereum platform(i think yes, i don't know the details about ethereum), then bitcoin mainstream status isn't even so far away

[Somekindabitcoin]

if bitcoin could be used on ethereum platform(i think yes, i don't know the details about ethereum), then bitcoin mainstream status isn't even so far away

Wouldn't that require them to work with the devs of Bitcoin straight up? Maybe they will pitch it and show their platform.

[LiteCoinGuy]

"no effect"

when there is something usefull in etherum, then bitcoin will adopt it. dont be stupid, you can beat bitcoin at this stage anymore

....or maybe we will pay in ether soon 

[thejaytiesto]

Hi, long time lurker but feel this is quite important and want some opinions...

Ethereum will be released on the 20th of March, and looks amazing (different story if it delivers). I feel it's going to take some time for Ethereum to become known, but once it does I feel it will cause bitcoins price to increase significantly.

A decentralized platform could truly be revolutionary, and exactly what Bitcoin needs to grow $10,000+. If Ethereum delivers, this is going to fucking happen whether you like it or not, no bad news could destroy Bitcoin.

What do you guys think?

It will definitely benefit from it. Everything that's decentralization benefits Bitcoin, since Bitcoin's main weapon is the concept of decentralization. Maidsafe will also help revolutionize what we know as internet. Together a new unparalleled era will arise and my friends we are all pioneers.

[kashivre]

Moved to Altcoins...rofl? Ethereum is no altcoin, its a system FOR altcoins.

[Hollowman338]

The IPO dumping of funds already negatively affected BTC.  The effect will be isolated to ETH, in which the IPO investors will be just a tad bitter.

[ArticMine]

The IPO dumping of funds already negatively affected BTC.  The effect will be isolated to ETH, in which the IPO investors will be just a tad bitter.

There was a fair amount of XBT selling by the IPO that coincided with the bottom in XBT/USD. This is nothing more than classic "weak hand" selling of XBT.

[old fart]

The IPO dumping of funds already negatively affected BTC.  The effect will be isolated to ETH, in which the IPO investors will be just a tad bitter.

There was a fair amount of XBT selling by the IPO that coincided with the bottom in XBT/USD. This is nothing more than classic "weak hand" selling of XBT.

If loads of IPO buyers sell when it launches will they hold their bitcoins or sell them?

[TaunSew]

The universal trend with IPOs, as of late, is the price dips below IPO and then the panic selling ensues.  Would you rather recover 95% of your principal investment or 5%?  Ditto - it's a race out of the gates and it happens all the time.

[CoinRocka]

The IPO dumping of funds already negatively affected BTC.  The effect will be isolated to ETH, in which the IPO investors will be just a tad bitter.

There was a fair amount of XBT selling by the IPO that coincided with the bottom in XBT/USD. This is nothing more than classic "weak hand" selling of XBT.

  I plan on being on the Nina, Pinta and the Santa Maria   

[choochimil]

I have no idea if Ethereum will be a success. It has kind of been under the radar for a long time now, and I presume the IPO volume was exaggerated. But it will be interesting. I'm sure it will get a pump at some stage.

[From Above]

This is a good question, bro

[erpbridge]

We can only answer this question after Ethereum comes out. Before that its pure speculation. If Ethereum can deliver all the promises, it will definitely be a good competitor to bitcoin. But I doubt there will be anything that will take bitcoins place.

[TaunSew]

I have no idea if Ethereum will be a success. It has kind of been under the radar for a long time now, and I presume the IPO volume was exaggerated. But it will be interesting. I'm sure it will get a pump at some stage.

Vitalik's own blog detailed the distribution - top 100 addresses (addresses =/= people) in Ethereum control 45.7% (ctrl + F 45.7% in the below link).
https://blog.ethereum.org/2014/08/08/ether-sale-a-statistical-overview/

  Addresses are not people, it is a common security practice to split your funds up into as many addresses as possible.  So these top 100 addresses could be as few as 5 people.




MaidSafe IPO received laundered MtGox coins.  It may have happened with Ethereum and I imagine people already found the evidence for it but are waiting for Ethereum to launch before exposing it.
https://bitcointalk.org/index.php?topic=582731.0

[Brilliantrocket]

The main effect will be the Ethereum employees having a good time with the investors' money. They'll make some excuses for why nothing of value was accomplished and move on to something else.

[Somekindabitcoin]

The main effect will be the Ethereum employees having a good time with the investors' money. They'll make some excuses for why nothing of value was accomplished and move on to something else.

Hopefully they're not the next Butterfly labs. This is a lot of money we're talking about!

[bitwho]

I have no idea if Ethereum will be a success. It has kind of been under the radar for a long time now, and I presume the IPO volume was exaggerated. But it will be interesting. I'm sure it will get a pump at some stage.

Vitalik's own blog detailed the distribution - top 100 addresses (addresses =/= people) in Ethereum control 45.7% (ctrl + F 45.7% in the below link).
https://blog.ethereum.org/2014/08/08/ether-sale-a-statistical-overview/

  Addresses are not people, it is a common security practice to split your funds up into as many addresses as possible.  So these top 100 addresses could be as few as 5 people.




MaidSafe IPO received laundered MtGox coins.  It may have happened with Ethereum and I imagine people already found the evidence for it but are waiting for Ethereum to launch before exposing it.
https://bitcointalk.org/index.php?topic=582731.0

i was going to invest. but when i saw that ridiculous amount of btcs "invested" i backed up. The hype was there for sure, but that IPO sold too fast and too high volume for my liking. I sit on the sideline now and will watch it closely

[futurebit640]

(Ethereum will be released on the 20th of March)

It's several months away, ethereum not going to launch in march
https://blog.ethereum.org/2015/03/03/ethereum-launch-process/