Topic: Bitcoin vs Ethereum - page 6. (Read 1538 times)
May people says Bitcoin is far more centralized than Eth, yeah I can agree with it but Eth has more usecase than bitcoin look at smart contract for example its one of the most dominant advantage of Eth, look at how far eth build dapps to makes our life more easier, defi, nfts, P2E all started from eth. But for me no need to compare each other btc is the king and it cant replace by any crypto.
I was wondering, why (or why not) do you think that Bitcoin is better than Ethereum?
Ethereum seems to provide everything that Bitcoin offers but it has a huge advantage: smart contracts.
Smart contracts are small "programs" that live on the blockchain, so you can use them to build actual services and applications, while Bitcoin is useful only as a digital currency.
So why do you prefer Bitcoin if Ethereum seems superior?
Or maybe I'm missing something that makes Bitcoin actually better than Ethereum in some way?
Ethereum seems to provide everything that Bitcoin offers but it has a huge advantage: smart contracts.
Smart contracts are small "programs" that live on the blockchain, so you can use them to build actual services and applications, while Bitcoin is useful only as a digital currency.
So why do you prefer Bitcoin if Ethereum seems superior?
Or maybe I'm missing something that makes Bitcoin actually better than Ethereum in some way?
I would say that the confidence on Bitcoin. Being the mother of crypto currencies, all other currencies follow its growth and the number of investors are more on Bitcoin as everyone is sure about its growth. Yes ETH is one of the best coins to believe in, however, its Bitcoin who gets more trust. Now a days, its the media on the other hand supporting Bitcoin's growth directly or indirectly.
I was wondering, why (or why not) do you think that Bitcoin is better than Ethereum?
Ethereum seems to provide everything that Bitcoin offers but it has a huge advantage: smart contracts.
Smart contracts are small "programs" that live on the blockchain, so you can use them to build actual services and applications, while Bitcoin is useful only as a digital currency.
So why do you prefer Bitcoin if Ethereum seems superior?
Or maybe I'm missing something that makes Bitcoin actually better than Ethereum in some way?
Ethereum seems to provide everything that Bitcoin offers but it has a huge advantage: smart contracts.
Smart contracts are small "programs" that live on the blockchain, so you can use them to build actual services and applications, while Bitcoin is useful only as a digital currency.
So why do you prefer Bitcoin if Ethereum seems superior?
Or maybe I'm missing something that makes Bitcoin actually better than Ethereum in some way?
For those that have been around for a while I'm amazed at some of the replies I'm seeing here. Bitcoin and Ethereum are two entirely different types of cryptocurrency. Bitcoin was made as a payment system and has become a great store of value ( bit volatile but so are most stores of value plus it's still maturing ). Ethereum is all about smart contracts which have all sorts of different uses.
To me I think the same thing when I see "bitcoin or gold"..why not buy both? They are different assets.
I was wondering, why (or why not) do you think that Bitcoin is better than Ethereum?
Ethereum seems to provide everything that Bitcoin offers but it has a huge advantage: smart contracts.
Smart contracts are small "programs" that live on the blockchain, so you can use them to build actual services and applications, while Bitcoin is useful only as a digital currency.
So why do you prefer Bitcoin if Ethereum seems superior?
Or maybe I'm missing something that makes Bitcoin actually better than Ethereum in some way?
Yes Bitcoin does only one thing, and that one thing, it does it really perfectly. When you talk about security, Bitcoin is said to be the most secure cryptocurrency and blockchain that we have today. Yes ethereum is good, and I’m even tired of all these comparisons that I’m seeing almost every day. It doesn’t matter which one has the highest market cap or dominance, they’re both doing really well in the market, so if you feel like investing in Ethereum you should go ahead and invest in it, because we all know for sure that ethereum is going to increase in value over the years, and that is also the same thing with Bitcoin.Ethereum seems to provide everything that Bitcoin offers but it has a huge advantage: smart contracts.
Smart contracts are small "programs" that live on the blockchain, so you can use them to build actual services and applications, while Bitcoin is useful only as a digital currency.
So why do you prefer Bitcoin if Ethereum seems superior?
Or maybe I'm missing something that makes Bitcoin actually better than Ethereum in some way?
So, there is no need for all these comparisons, even if we should all agree here that ethereum is better, that doesn’t change anything, Bitcoin will still retain its position as the number one in the market.
I was wondering, why (or why not) do you think that Bitcoin is better than Ethereum?
This can be a long debate as people may present a lot of things which would seem that ethereum a better crypto currency than bitcoin but it is not. If you need a proper decentralized currency, then there is no better than bitcoin. But if you are more interested in things like NFT, Defi, etc then you may consider ethereum a better choice.
Cryptocurrency mining requires huge energy costs. Any real estate agent knows that the price of a property is largely determined by its location. In the crypto space, energy consumption has become such a key criterion, given that the world is facing the problem of climate change, not to mention fluctuations in electricity prices themselves.
Energy consumption of bitcoin reaches 707 kW, while for ether this figure is 62.56 kW. Advanced processors power complex algorithms on the bitcoin blockchain. Ethereum 2.0 requires much less electricity, making Ether a greener cryptocurrency.
In addition, Ethereum is based on a proof of stake (PoS) model that allocates mining power based on the size of the miner's stake. Bitcoin is based on a proof of work (PoW) model and requires huge amounts of electricity to maintain processing power.
Energy consumption of bitcoin reaches 707 kW, while for ether this figure is 62.56 kW. Advanced processors power complex algorithms on the bitcoin blockchain. Ethereum 2.0 requires much less electricity, making Ether a greener cryptocurrency.
In addition, Ethereum is based on a proof of stake (PoS) model that allocates mining power based on the size of the miner's stake. Bitcoin is based on a proof of work (PoW) model and requires huge amounts of electricity to maintain processing power.
Bitcoin is indeed too strong to be defeated by any coins, including Ethereum which is currently the best altcoin. But still Ethereum since its inception
until now has always been in second place under Bitcoin. In fact, many projects have been created to replace Bitcoin, but all have failed. Therefore
we can invest in altcoins, but we should not forget Bitcoin. Because after all Bitcoin is the best crypto that can give us a lot of advantages, so I always
make Bitcoin a priority when investing. Because I believe that the future of Bitcoin will be brighter, doubting Bitcoin is a thing that will cost us a lot.
Doubting bitcoin is, of course, doubting all altcoins. Because Altcoins will not be perfect without Bitcoin. Bitcoin is the role model for all altcoins. Ethereum to date has had many successful projects born out of ethereum. This success keeps Ethereum at number 2 as the best altcoin and is followed by several altcoins that have good potential such as BNB and other altcoins.until now has always been in second place under Bitcoin. In fact, many projects have been created to replace Bitcoin, but all have failed. Therefore
we can invest in altcoins, but we should not forget Bitcoin. Because after all Bitcoin is the best crypto that can give us a lot of advantages, so I always
make Bitcoin a priority when investing. Because I believe that the future of Bitcoin will be brighter, doubting Bitcoin is a thing that will cost us a lot.
Priority investment is bitcoin, another alternative can choose altcoins as a complement to your portfolio.
I was wondering, why (or why not) do you think that Bitcoin is better than Ethereum?
Ethereum seems to provide everything that Bitcoin offers but it has a huge advantage: smart contracts.
Smart contracts are small "programs" that live on the blockchain, so you can use them to build actual services and applications, while Bitcoin is useful only as a digital currency.
So why do you prefer Bitcoin if Ethereum seems superior?
Or maybe I'm missing something that makes Bitcoin actually better than Ethereum in some way?
Two cryptocurrencies, which I do not have in my investment portfolio, because of the cost of bitcoin, although I think it is necessary to buy it, and I abandoned Ethereum and do not use it in principle because of the commissions on the network.But still, if we compare these two cryptocurrencies, then I think bitcoin is in a winning situation, because after the upgrade to ETH 2.0, ethereum will become centralized, but bitcoin will always be decentralized. Ethereum seems to provide everything that Bitcoin offers but it has a huge advantage: smart contracts.
Smart contracts are small "programs" that live on the blockchain, so you can use them to build actual services and applications, while Bitcoin is useful only as a digital currency.
So why do you prefer Bitcoin if Ethereum seems superior?
Or maybe I'm missing something that makes Bitcoin actually better than Ethereum in some way?
Gas fee has been one of the tackling issues of Ethereum and it's founder isn't anonymous making it easier to manipulate the total distribution and market capitalization. Bitcoin founder till date is anonymous and even though it is currently used basically as a digital currency as everything done With Bitcoin revolves around transactions it's more safer and cheaper to transact with compared to Ethereum
Ethereum gas fee is outrageous. It's just a matter of time her usefulness will be irrelevant to crypto space. Some altcoins can now offer and do exactly what it does, fast and better with fewer gas fees.Bitcoin is the king of all crypto, it is through her that others were formed. It leads the way while others follow. The crypto market is bearish today because bitcoin is down in price. What comes to people minds first when mention digital currency is bitcoin not ethereum
According to some sources why bitcoin is superior to eth is because
1. Bitcoin is considered to be the first crypto asset that gave way to crypto asset trading so that it can be widely accepted in the investment world, so many investors already have full trust in bitcoin without needing to be convinced.
2. There is only a supply of 21 million bitcoins worldwide and it is impossible to add back, while Ethereum has an unlimited number of coins and continues to produce new coins every 14 seconds.
Correct me if I'm wrong.
1. Bitcoin is the first and so far the only truly decentralized digital currency working according to certain consensus rules that are enforced and verified by bitcoin full nodes run by people unwilling to trust blindly other participants or financial intermediaries. You don't necessarily need to "trust" bitcoin to invest in it. What you need is to make sure that you actually agree with the rules by which the network operates, and to run your personal node to protect your investment more effectively from external and internal attacks. Investors trust bitcoin not because someone has convinced them it is a good asset but because they can verify every aspect of bitcoin to convince themselves it works.1. Bitcoin is considered to be the first crypto asset that gave way to crypto asset trading so that it can be widely accepted in the investment world, so many investors already have full trust in bitcoin without needing to be convinced.
2. There is only a supply of 21 million bitcoins worldwide and it is impossible to add back, while Ethereum has an unlimited number of coins and continues to produce new coins every 14 seconds.
Correct me if I'm wrong.
2. If ethereum developers reduced the supply to 21 million or even less and made it a fixed number, would you change your mind? Probably not, because such an occasion would only prove the fact that Ethereum is an extremely centralized project in which there is a powerful team of developers capable of managing the monetary policy at arbitrary will.
1. Bitcoin is considered to be the first crypto asset that gave way to crypto asset trading so that it can be widely accepted in the investment world, so many investors already have full trust in bitcoin without needing to be convinced.
Bitcoin should not be superior because it was the first that was created that make the creation of altcoins possible, but you second reason is very correct, it has limited supply unlike ethereum that has been manipulated with supply. But not only that, if you read what has been posted already, you will know that ethereum is not decentralized like bitcoin. For superiority, I will go for bitcoin rather than believing manipulation by the ethereum developers.
According to some sources why bitcoin is superior to eth is because
1. Bitcoin is considered to be the first crypto asset that gave way to crypto asset trading so that it can be widely accepted in the investment world, so many investors already have full trust in bitcoin without needing to be convinced.
2. There is only a supply of 21 million bitcoins worldwide and it is impossible to add back, while Ethereum has an unlimited number of coins and continues to produce new coins every 14 seconds.
Correct me if I'm wrong.
1. Bitcoin is considered to be the first crypto asset that gave way to crypto asset trading so that it can be widely accepted in the investment world, so many investors already have full trust in bitcoin without needing to be convinced.
2. There is only a supply of 21 million bitcoins worldwide and it is impossible to add back, while Ethereum has an unlimited number of coins and continues to produce new coins every 14 seconds.
Correct me if I'm wrong.
Realistically half and half but if I had to choose I would definitely choose ETH. In the media term the gains are practically guaranteed to be better. Once we start talking about extended long term.
Both of token are most valuable in the market. Really i don't compare BTC and ETH.They already have proved their development coz bitcoin and ETH most popular coin.Both of top in coin market cap. Both coin price huge increase in This is. I Think the coin price will be more increase in future.I love both coin.
In terms of usefulness you can't really compare the two. Ethereum is lightyears ahead in that category.
Oh dear. Can you name at least one usefulness for ethereum that is not betting on price (gambling) or fund raising (ripping people off)?Quote
The hope is that the Lightning network paired with the Liquid Network will provide developers with the opportunity to play catch up
Catch up to what exactly? More complex smart contracts? Bitcoin as a currency doesn't need more complex smart contracts, what it has is enough. If we wanted that we can create decentralized side-chains not Liquid Network which is fully centralized.Quote
It will probably take many years
It would take an instant as soon as an actual use case were found. So far there are none. The founder of bitcoin is anonymous and bitcoin is fully decentralized unlike ethereum. Bitcoin total supply is still 21 million, ethereum supply is manipulated now as some other are burnt in transaction fee. If you need a totally decentralized currency that is not controlled directly by certain people, bitcoin is what to go for, this is what ethereum can not achieve as it is still controlled by some set of people.
same thought. i dont know but i have opinion like, people still take a profit from developing something, and i think they have it.
and i know, if the second and the other coin will improve, more and more great than the first, but people still remember how first work. i believe that bitcoin is better than other coin, but i never compare between each other. as a crypto member, i will take who the best to do what i do.
I was wondering, why (or why not) do you think that Bitcoin is better than Ethereum?
Ethereum seems to provide everything that Bitcoin offers but it has a huge advantage: smart contracts.
Smart contracts are small "programs" that live on the blockchain, so you can use them to build actual services and applications, while Bitcoin is useful only as a digital currency.
So why do you prefer Bitcoin if Ethereum seems superior?
Or maybe I'm missing something that makes Bitcoin actually better than Ethereum in some way?
the main reason why I prefer bitcoin over ethereum is because the number of bitcoins is limited Ethereum seems to provide everything that Bitcoin offers but it has a huge advantage: smart contracts.
Smart contracts are small "programs" that live on the blockchain, so you can use them to build actual services and applications, while Bitcoin is useful only as a digital currency.
So why do you prefer Bitcoin if Ethereum seems superior?
Or maybe I'm missing something that makes Bitcoin actually better than Ethereum in some way?
and there are only 21 million bitcoins that will be in circulation whereas ethereum has an unlimited number and you can make shittokens using ethereum smart contracts
bitcoin will not be surpassed by ethereum or any altcoins
In terms of usefulness you can't really compare the two. Ethereum is lightyears ahead in that category. The hope is that the Lightning network paired with the Liquid Network will provide developers with the opportunity to play catch up and build similar things without the drawbacks. It will probably take many years but I think the longterm hope is for the ideas established and use cases created using chains like Ethereum are eventually ported into Bitcoin development without the plague of high fees. The metaverse is the obvious future, and it is clear now that it won't be built on Bitcoin's base layer. The question is how Bitcoin can be involved.
I actually thinks that both have value to them (ETH as the next step in crypto developement, and BTC as a store of value), but we need not think of them as this or that. There is room for both of them to co exist as options for diferent kinds of investments.
I don't have deep analysis but what i know is Ethereum is same with other altcoins, it launched when bitcoin is already core of cryptocurrency and with only that already made me believe there are no altcoin yet until now which can replace bitcoin. Because it already be core although maybe there are altcoin that will have price more than 1BTC in market.
you are right about that, Bitcoin will not be replaced even though there are many competing altcoins and are more expensive than Bitcoin. But not about the price, but about the technology and development of bitcoin. Bitcoin becomes the Core Of The Core, becomes the king of Coins that will affect everything. Ethereum is number 2 after bitcoin, but ethereum is still below bitcoin.Bitcoin is increasingly known and talked about around the world.
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