Topic: Bithereum the Fusion of Bitcoin and Ethereum is it good? (Read 534 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.

It can't be expected that it's going to be good or not as a place to invest, for me it's too risky to invest in newly launching coins. I only consider bithereum as a reward that we get for holding some btc or eth. Yes, just think like that and we still have coins that we hold.

Forks often tend to be nothing more than a money grabbing scheme to end up with some shitcoin that no one will ever care to use. The only reason why anyone would care about this fork is to claim some free coins and the dump them asap. As for the question, is it good to invest? It depends on how the market reacts, for now, there doesn't seem to be any hype around this fork, people seem to not care about it so chances are that it'll end up being forgotten over time.

It is still difficult to assess the feasibility of pitching the bithereum fork Perhaps this will solve the urgent problems of Bitcoin. However, why is this a coin ethereum? Or is this plug only carried out in order to break the bitcoin out of the impasse? There are many questions here. The main thing is that these coins are different in functionality. How can they be connected? Well, wait and see.

OP is asking if the fork (Bithereum) is a good investment, if you just missed it.

The only "advantage" that Bitcoin has is that it is Bitcoin... and Bithereum will never be Bitcoin. And I don't see why this would ever take the place of Ethereum. So, it needs to be marketed differently to catch my interest.

Well, basically you can fork a coin too many times just like what happended to bitcoin, it is forked into bitcoin cash, and bitcoin cash to sv and abc. But what wonders me is that, is it possible to fuse two great coins in the market to create one solid coin that will going to dominate the market?

At first I thought that the bithereum is just a New Year joke. After all, the creation of such a coin completely changes our whole idea of ​​these two leaders of cryptocurrency. However, he followed the link offered by another user and made sure that this is serious, if, of course, the news is not marginal. After all, all this is so sudden. There was no information about this and then suddenly a New Year surprise. I do not even know what to say. I'm just in shock. It is clear that the development of Bitcoin is deadlocked, there are intractable contradictions with scalability. However, so dramatically it is also impossible. I'm still inclined to think that this is a joke.

What kind of investment are you talking about?? You just buy Ethereum and bitcoin, and then at a certain time a picture of the blockchain is taken and you are charged with Bithereum in proportion to your number of Ethereum and bitcoin. At least that's what happens to forks.

I didn't know about this fork.

Let's all get some rest about these forks, if you think its good to invest there, make sure you invest what you afford to lose.

LOL. When I was newbie, I joined Bithereum airdrop. I think they are potential when combining advantages of bitcoin and ethereum. But now I think the combination of other major "names" is almost scam. I don't accuse Bithereum scam. But I don't appreciate their name.

I just hope "newbies" can read this before being trapped. As seniors in this forum, we already know what to do in times like this. I am confused with the date of the fork since I read in some post that it will occur in January. Why I need to know the date of the snapshot is because I suspect some price decrease after that. Which is a perfect time to make a move.

I think that this is done for the benefit of whales, large holders of bitcoins and ether.  Create your fork, get the shitcoins, and then sell them to newbie. Profit!

Bitcoin forks had been a failure. The only surviving real bitcoin fork in BCH which was a pet project of the largest asic producers and largest pool owners.
Other than that every of them had miserably failed. People want something new and useful. Bitcoin and Ethereum already has a lot of competitors.

This is something new but I don't like another fork again because we have so many fork in the past, and some of the effects is causing disruptions on the development of the coin, but we\d like to see how it goes, unfortunately, I don't have much Eth and Bitcoin.

And one of the things the community needs to do is to broaden the adaption of cryptocurrencies, whatever we have to do to realize it, to maintain it kicking in the market.

Not another bitcoin fork that nobody needs...
Most forks so far have been very unnecessary and in my opinion these too.
In the meantime i stay away from bitcoin forks because they are only made to make the developers rich.

Guys, if you don't understand something, then think about money. Is it not clear why the bitcoin fork has been recently made?) Most recently there was a fork of the bitcoin Cash, and instead of one piece of shit, we got two)
This coin was initially doomed to failure and its price will be in the range between 0 and 0.000000)))

Here you can go to the website and read all they stuff there https://bithereum.network, everything its explain there but I just dont understand why should we go some new fork even the latest fork its like dead, but it will be to us who hold BTC or Ethereum

Well that was true my friend, I think fork even make everything worse, just look at BCH, BTG and other, they all just hype, the price always go down, the most greatest fork maybe its BCH but now they just pieces of nothing

I hear for the first time that some fork will happens in December. Where did you get this information? why do you believe that this is true

I just don't understand why a fork is often made. And for now that the market is still in recovery process, hard fork should not be an option. I'm afraid the fork will end up into waste.

Well I have no idea what is that they planed for, but of course its all about perfection, the plan its the same, " makes a better one", and for the fork maybe its good to trade in sort time only, but I still blind on their aiming for this, try to read some info on their web but still the same as we all see before in other fork

That was another shitcoin dude, can you tell me what's the special thing from bithereum? It's not necessary to create any fork coin again consider there was a lot of forks coin right now.
It's a horrible thing. There was a lot of clone that used the name of bitcoin combined with ethereum and that's bullshit.

In the 555,555 block Bitcoin will do some fork again approx will be came on December 28, and this fork its kind a unique because not only for Bitcoin holder who can get Bithereum airdrop, but ots Ethereum too, so it will be 1:1 for Bitcoin holder and 10:1 to Ethereum holders, but the really questions is, is it true necessary to make a fork "again" and it is good to invest there? If anyone know kind of information about this please share