Topic: Bithereum the Fusion of Bitcoin and Ethereum is it good? (Read 509 times)

We haven't previously seen this thread regarding Bithereum, and if we had we would have been answering the many questions people had about our project. Bithereum officially launched on January 5th: https://medium.com/bithereum-network/bithereum-news-updates-4e05e3ffa32a

To clarify, Bithereum is a hard-fork of Bitcoin, and we also hard-spooned Ethereum, meaning we took a snapshot of the Ethereum blockchain to reward ETH holders with BTH.

The reason we're rewarding ETH holders with BTH is due to the fact that our ultimate goal is to build a Casper-like PoS model atop a modified version of Bitcoin (hence combining the names), using various existing opcodes and creating new opcodes. There are many benefits that PoS has that we feel could benefit Bitcoin over it's current PoW model. Our PoS proof of concept can be found in one of our medium blogs here: https://medium.com/bithereum-network/bithereums-proof-of-stake-concept-b06899fa4950

Our biggest differentiator is that, unlike Bitcoin and Ethereum, we have a new concept called Proof-of-Uptime (PoU) in which anyone who runs a Bithereum full node will be rewarded in BTH.

With Bitcoin and Ethereum, there are a misalignment of incentives when it comes to full nodes. Though running a full node is absolutely crucial to the success of the network in the first place, there is no model in place to incentivize this, relying on people to be ideologically attached to a project rather than financially incentivized in the way that every miner is.

More information regarding Proof of Uptime and the full node rewards program can be found here: https://medium.com/bithereum-network/introducing-proof-of-uptime-7e91256aabf1 (this is only the first iteration of PoU and is likely to change in the future)

This is also different than coins who use masternodes because it is required to have a certain amount of their coin to be rewarded for running a masternode. For earning full node rewards with Bithereum, it is not required for you to own any BTH.

We also are not trying to compete with either Bitcoin or Ethereum, however provide a new alternative p2p currency that incentivizes all parties involved and is influenced by the two biggest coins. Ethereum was designed to be used as fuel for executing smart contracts and using dApps on its platform, it was not designed to be used as a p2p currency. Bitcoin as most people know has much progress to make in order to be the p2p currency it wishes to be, and most people are looking at it as a store of value now. Bithereum is meant to be an outlet for both Bitcoin and Ethereum, not direct competition.

If you would like more information about our project or have any other questions we're always happy to discuss and you can join our discord and speak to us directly: https://discord.gg/wbsnuGN

There are many additional resources on our website: https://bithereum.network and our official ANN is here: https://bitcointalksearch.org/topic/ann-bithereum-bth-hard-spork-bitcoin-hard-fork-ethereum-hard-spoon-4738533

This is a mona on copying and creating analogs with the slightest changes, it stands already across the throat. It would be better to create an innovative project. It’s like a fake market.

I think that there is no point in creating such a coin, but even if it happens, I do not think that it will have a good effect on the market!

I remember they had an airdrop to promote the project some time ago, haven't heard how they plan to raise funds or if they are already VC backed

There are many altcoin created between the combination of 2 different altcoin, and as a result, these are altcoin scam. I do not see them at the moment and the whole is dead. Bithereum is likewise, this is an altcoin that is not well evaluated

does this new coin offer anything new that bitcoin or ethereum does not offer? i do not understand the meaning behind this merge. more information about this new coin would be good.

I don't think it would be a good thing if the project tokens experience too many forks. The tokens that are forked may weaken the value of the main currency.

I would be interested to get acquainted with the technical capabilities of this new bithereum coin. However, I do not see any information about her anywhere. It is not even clear whether this plug has occurred or not. The team that provides it should pay little attention to informing potential users of such a coin. Without such information, it is very difficult to say whether it is possible to invest in it.

Although many in this forum are against the merger of Bitcoin and ethereum into one coin as an alternative to their existence, it should be recognized that these coins are still far from ideal and such experiments are one of the good options for improving cryptocurrency. Even if the bithereum coin turns out to be useless, the cryptocurrency will not lose from this. All useless coins and tokens after a certain time forever leave the market. Therefore, you need to experiment. True, the bithereum coin was supposed to appear around December 28, but so far nothing has been heard about it.

is this a new plan or has it been launched? if this is true it will be very interesting because of the merger of the 2 best coins. I think the era is progressing and there needs to be the latest information to attract investors.

I tried to find at least some information about the bithereum coin. I haven’t found anything yet, and there’s still silence on the forum. Has this new coin appeared or not, and what are its characteristics? It is unlikely that this coin will reach its heights, but anything can happen in the world of cryptocurrency.

I first heard about this fork. I think nothing good will come of it because this is another fork that will soon lose investor interest and accordingly value

Although many people here speak negatively about the creation of the bithereum coin, I think that this is an interesting development option, first of all, for Bitcoin, which is already very lagging behind in its development from most promising coins. While this coin deserves close attention. To say something specifically, you need to know all the features and capabilities of bithereum. And information about this coin is still quite a bit.

Sounds like another waste of time sh!tcoin, nobody is really interested in anymore Bitcoin forks these days and Ethereum has a mahor project update due in January already.

We saw ETH price climbed to around 150$ and then went down to around 110$ nearing the December 28. It happened in a one-week period. I am not sure about the legitemacy of the date but I can say ETH is now responding again to news like this. For me it's a good sign. Now it's back to more than 130$ again.

I think that this is utter nonsense because it will be a worthless coin that will not give anything to the market

I think in a market condition like this even though the presence of new coins like that will not change the situation and I think it will only throw away our assets and I myself believe in coins that already have big names and good quality history like Bitcoin.

There were such attempts earlier as well to crumple the two coins in one  like eBitcoin or many others which combining  their names. I think that there is  only one BTC or ETH and no need for that. The creators doing it for marketing purposes and to make them rich. I am staying away of such forks.

I would not invest in such a project. So far, most forks have gone down and i see no reason why this should be different. But i am not an expert and you have to bite yourself, in which project you want to invest.

Forked coins may shine when they were new but when days passes it will be just a shit coin so I never suggest anyone to invest on any forked coins including this as well.

Find the legit potential coins which have real future.