Bitcoin is a mess. ETH is a freight train.

olubams

hero member

Activity: 798

Merit: 503

Quote from: RawDog on June 12, 2017, 12:41:10 AM

BTC has been stuck in impasse hell for over two years because Adam Back and G. Maxwell want to monopolize transaction processing on their Lightning. Although Bitcoin seems 'decentralized', Blockstream/Core has complete control over the impasse and only they can break it. They won't.

On the other hand, ETH is like a heavy loaded freight train going straight down the tracks toward an awesome goal. Many, many, many companies are now building onto that platform as the future. That platform is far more dynamic and far more powerful. It offers many opportunities that don't even exist with Bitcoin. Many of these features are actively being deployed now, not just a bunch of talk like the people at Bitcoin. Ethereum is highly organized and orderly. Even in major crises, they get it sorted and move on in a short time.

ETH will pass Bitcoin in about 2 more months.

It's not too late. Time to switch or get left behind.

Discussions and arguments like this have happened several times in the past and its always against pro and anti-bitcoin and this issues have remain unabated however, the simple fact is the reason we are all seeing all those faults of bitcoin is because of the growth of bitcoin that has given room for those lapses which was not there several years ago and the same could happen or even worse for the acclaimed ETH when its adoption can get to what bitcoin is today.

arbitrage

hero member

Activity: 560

Merit: 500

Quote from: CryptoMensch on June 12, 2017, 08:39:57 PM

I am gambling that ETH is going to be $1000 this year

This is just a cheap speculation and, will it be true, depends only if whales continuous with their support, if they do not discover something better. If they withdraw their walls what will happen? Ok but this still do not proves that BTC is a mess, and wont be 10k till the end of this year. Stratis is much better than ETH, and has no weaknesses as mentioned one.

CryptoMensch

member

Activity: 84

Merit: 10

I am gambling that ETH is going to be $1000 this year

dennyd999

full member

Activity: 238

Merit: 100

Quote from: crazyivan on June 12, 2017, 01:51:44 AM

First, UNLIMITED number of coins. Huh, that one is a problem. Scarcity s something which is very important in the investment world. Gold s pricey cause it s hard to get and it is NOT unlimited. The same is with diamonds, the same is with BTC. Unlimited is something I do not like to see when dealing with crypto.

Just in case now is so called "Ice Age" of Ethereum when difficulty bomb make Ether mining very difficult.

It means now Ethereum is very LIMITED in supply.

Many miners are realising it and right now looking for another coins to mine. Thats why also ETH goes to PoS soon...I think it 1% in Metropolis upgrade and every year more and more % of network will switch to PoS due to difficulty bomb.

aioc

hero member

Activity: 3136

Merit: 579

Quote from: RawDog on June 12, 2017, 12:41:10 AM

BTC has been stuck in impasse hell for over two years because Adam Back and G. Maxwell want to monopolize transaction processing on their Lightning. Although Bitcoin seems 'decentralized', Blockstream/Core has complete control over the impasse and only they can break it. They won't.

On the other hand, ETH is like a heavy loaded freight train going straight down the tracks toward an awesome goal. Many, many, many companies are now building onto that platform as the future. That platform is far more dynamic and far more powerful. It offers many opportunities that don't even exist with Bitcoin. Many of these features are actively being deployed now, not just a bunch of talk like the people at Bitcoin. Ethereum is highly organized and orderly. Even in major crises, they get it sorted and move on in a short time.

ETH will pass Bitcoin in about 2 more months.

It's not too late. Time to switch or get left behind.

About two more months? I don't think so in the past two months bitcoin has improved a lot in terms of it's price,yes I also believe will get massive adoption from traders investors and companies but Bitcoin will stay on as the leading crypto currency in the market but I think it's about time Bitcoin developers should do something about the transaction fee.

angaper

hero member

Activity: 966

Merit: 507

Even if this happened and the price of ethereum exceeded the price of bitcoin, that would not affect its gradual growth as a universal currency in full expansion and global acceptance. We have seen that same in fiat coins, for although currencies such as the British pound or the euro are more valuable than the US Dollar, they have never been able to displace it as preferential currency in international transactions and global currency, despite the eventual crises in the American economy.

So I have no doubt that despite the emergency of new and more "attractive" ans "innovative" altcoins in the market, bitcoin will forever be "The digital Currency" par excellence, and reference of all others.

olarsson

full member

Activity: 208

Merit: 100

Quote

BTC will always be the first major crypto, and it has been around for 9 years now.

Ridicoulous statement. ETH will be have bigger market cap in a few days. Bitcoin would be a the better coin if Core-team would not try to destroy it.

shyliar

hero member

Activity: 728

Merit: 500

Quote from: MisO69 on June 12, 2017, 08:51:14 AM

Why hasn't anyone mentioned the elephant in the room? Ethereum's scaling problem. With all of the Dapps running on Eth were gonna have huge issues when transactions begin to be delayed. How will the gambling sites work that require high speed transactions? Eth needs to go DPOS to resolve this but they never will. Simple POS with 15tps just doesn't cut it these days.

It does get mentioned. The problem is that most people are not computer literate and the marketing strategy has successfully convince people that the public chain is some type of supercomputer. Unfortunately, when ETH fails to deliver and crashes it's going to be damaging to cryptocurrency in general.

brekyrself

hero member

Activity: 547

Merit: 502

Quote from: Haladay on June 12, 2017, 02:28:14 PM

Hmmm, how do you say bitcoin is a mess while ethereym is a freight train by knowing the market driver is bitcoin even though market capitalizations are very close to each other. Just take bitcoin serious.

Bitcoin is the mainstream market driver however how can you take bitcoin seriously when you view this chart? https://blockchain.info/charts/mempool-count?timespan=60days

Haladay

sr. member

Activity: 476

Merit: 250

Hmmm, how do you say bitcoin is a mess while ethereym is a freight train by knowing the market driver is bitcoin even though market capitalizations are very close to each other. Just take bitcoin serious.

brekyrself

hero member

Activity: 547

Merit: 502

Quote from: MisO69 on June 12, 2017, 08:51:14 AM

Why hasn't anyone mentioned the elephant in the room? Ethereum's scaling problem. With all of the Dapps running on Eth were gonna have huge issues when transactions begin to be delayed. How will the gambling sites work that require high speed transactions? Eth needs to go DPOS to resolve this but they never will. Simple POS with 15tps just doesn't cut it these days.

Exactly why there is hype around EOS & current graphene DPOS based chains. Everyone here just regurgitates information without performing any due diligence.

At the same time, ETH passing BTC in price will bring increased attention to other chains which is good for the whole industry. Let it rise, stall the network like btc, and another will take its place.

Goldsheik

full member

Activity: 148

Merit: 100

GOLDSHEIK POWER

Quote

Scarcity s something which is very important in the investment world

If we're thinking about making this a usable currency, I disagree. It scares me that there will only be a fixed amount of Bitcoins for the rest of eternity.
Think about how many coins were lost in the beginning of Bitcoin. Miners had thousands of coins and just threw their computers in the trash because nobody thought Bitcoin would become valuable.

Coins are lost in cyberspace all the time, every day. Even I have abandoned coins on wallets and markets where I can't even remember my password or username. Who knows how much I have there.
As time goes by, more and more coins are forever lost by stupid people. Grin

Maybe one day we don't even have enough coins in circulation for BTC to be a usable currency.

Still, I'd say it's better than ETH. ETH is not a currency at all, that's why I don't really invest in it or believe in it. It's not a currency for the people, it's something else. I'm interested in something that will be used by everyone in the world.

ActiveP

full member

Activity: 210

Merit: 100

BTC will always be the first major crypto, and it has been around for 9 years now. Ethereum, on the other hand, only came to market a few days ago.

It does not matter how efficient a coin and it's technology is, it cannot support over hundred million users. It is impossible to have only one coin. There is space for a few

shyliar

hero member

Activity: 728

Merit: 500

The freight train analogy is a poor one. At least from the point of view of functionality. You're comparing a relatively fast moving item to a decentralized public chain that runs hundreds (if not thousands) of times slower than a cell phone or the 8080 processor.

Obviously such a slow system cannot run multiple smart contracts for thousands of DAPPs as people without computer knowledge have been convinced. Ethereum the platform is definitely interesting and will likely be used in developing private blockchains for international businesses. Not sure why folks think that has anything to do with the token called ETH.

The public token will never be capable of both running thousands of DAPPs and function as a currency. Modifying your imagery based on current price to a runaway freight train does seem more realistic.

jackychanxxx

member

Activity: 62

Merit: 10

I buy ETH only for ICOs, I think it's the same for many other people.

richsoon

member

Activity: 118

Merit: 100

Quote from: RawDog on June 12, 2017, 12:41:10 AM

BTC has been stuck in impasse hell for over two years because Adam Back and G. Maxwell want to monopolize transaction processing on their Lightning. Although Bitcoin seems 'decentralized', Blockstream/Core has complete control over the impasse and only they can break it. They won't.

On the other hand, ETH is like a heavy loaded freight train going straight down the tracks toward an awesome goal. Many, many, many companies are now building onto that platform as the future. That platform is far more dynamic and far more powerful. It offers many opportunities that don't even exist with Bitcoin. Many of these features are actively being deployed now, not just a bunch of talk like the people at Bitcoin. Ethereum is highly organized and orderly. Even in major crises, they get it sorted and move on in a short time.

ETH will pass Bitcoin in about 2 more months.

It's not too late. Time to switch or get left behind.

Freight trains also crash all the harder cause of the weight at which they move.

Anyway I don't disagree but you know what comes up must come down, Ethereum needs a stable period without too much volatility before its really ready to take over from bitcoin.

MisO69

legendary

Activity: 1946

Merit: 1005

My mule don't like people laughing

Why hasn't anyone mentioned the elephant in the room? Ethereum's scaling problem. With all of the Dapps running on Eth were gonna have huge issues when transactions begin to be delayed. How will the gambling sites work that require high speed transactions? Eth needs to go DPOS to resolve this but they never will. Simple POS with 15tps just doesn't cut it these days.

arbitrage

hero member

Activity: 560

Merit: 500

Do not compare something that cannot be compared! We can talk hours about ETH but before this:
ETH is centralized token with endless supply and soon its going to be POS..Maybe there is still good chances to grow in price, but this has nothing to do with BTC, which has his own path, and it is created to deliver us to decentralization. Huh