BTC vs BTU will lead to Ethereum dominance.

gadsden76

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Quote from: ebliever on March 27, 2017, 10:04:51 PM

Quote from: taxmanmt5 on March 26, 2017, 11:02:46 PM

DASH, ETH. Monero all are good in one way or the other but i must say that Bitcoin will remain to be on top of all these as BU will never be succeeded and even if does people will not accept it.

But under what circumstances? As things stand now bitcoin TX fees are much worse than any other crypto, and it's been causing a steady stream of bad news in the press, in merchant announcements and service cutbacks or restrictions and so on. I have no confidence in BU's approach or competence, and no confidence in the ability of Core to reach 95% consensus for Segwit. The UASF is a longshot and a bad precedent IMO.

The alts market has basically doubled in size since the Winkelvoss ETF rejection. All it would take is another draft of bad news - say, China taking advantage of bitcoin's lack of privacy features to clamp down, or another major bitcoin heist/hack, or even some major good news for Ethereum like the launch of the Raiden network or a major smart contract development - and we could see bitcoin drop below 50% and be in a fight with Ethereum for #1. That's the fast scenario. The slower scenario of Bitcoin continuing to strangle while alts progress on many fronts just drags things out for months longer, until enough BTC diehards accept the inevitable and the stampede starts.

Ethereum will be $70 to $80 within the week.

qiwoman2

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Ethereum is pretty big in China and the Chinese mint are even thinking of making a digital Yuan off the Eth blockchain but there are other platforms coming along like Ardor and Stratis as well as Waves and these also will be planting a seed for diminance as well. I think Bitcoin Core will always be around but other platforms maybe used as blockchain solutions for businesses more than Bitcoin in the future and Bitcoin might end up a bit like gold..a store of value.

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Quote from: Happydd on May 15, 2017, 05:19:16 AM

Quote from: gadsden76 on March 24, 2017, 10:00:24 PM

And crypto will be better off because of it. Ethereum has a better network with more utility (contracts) and can do currency just like BTC.

Ethereum does not have a better network, we see it faster, because there are many people using bitcoin, the number of transactions is so large that the bitcoin is obstructed. Ethereum will also experience the same problem if there are a large number of users.

In reality it will be much worse as ETH scales more inefficiently in comparison to Bitcoin (the same applies to Monero and Zcash for example). Whatever open-source solution ETH deploys to improve scaling, Bitcoin can deploy it (or a variant of it) but much more efficiently.

The people who came into crypto for the right reasons (of which hoping to profit is not one of them) wouldn't even come close to ETH. ETC makes more sense in that regard.

Happydd

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Quote from: gadsden76 on March 24, 2017, 10:00:24 PM

And crypto will be better off because of it. Ethereum has a better network with more utility (contracts) and can do currency just like BTC.

Ethereum does not have a better network, we see it faster, because there are many people using bitcoin, the number of transactions is so large that the bitcoin is obstructed. Ethereum will also experience the same problem if there are a large number of users.

Louis1998

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Check out this video, it helped me understand and by the looks of it they will be uploading weekly videos so defo worth tuning in!

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Quote from: gadsden76 on March 24, 2017, 10:00:24 PM

And crypto will be better off because of it. Ethereum has a better network with more utility (contracts) and can do currency just like BTC.

I still believe in Bitcoin definitely,but I am now accumulating ethhereum in case the worst scenario happen,this btu is a serious threat but I don't think it will prosper and hopefully it will not,I'm hoping btu will just become another altcoin and they leave bitcoin what it's always been .

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Quote from: gadsden76 on March 24, 2017, 10:00:24 PM

And crypto will be better off because of it. Ethereum has a better network with more utility (contracts) and can do currency just like BTC.

Assumes to much that there will not be another contender besides Bitcoin and Ethereum
It will get an advantage if Bitcoin does fork though.

European Central Bank

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Quote from: xuan87 on March 27, 2017, 09:41:20 PM

For now ETH still number 2 crypto in market ap, ETH show a quite promising for alt coin, but ETH itself ever forked and ever lost a lot from user and the price drop down so quickly so i don't think ethereum can gain trust to replace bitcoin, but there is a chance that there will be another alt coin going to become bitcoin rival

ethereum has had the luxury of totally screwing the pooch while it was still relatively under the radar. it's come back from that and maybe it's gonna have a stable future.

bitcoin's problem is that it's so risk averse and people are so entrenched that it is possible something can cruise past that's less gilded while bitcoin's still trying to achieve that one thing.

it's easy to overestimate the loyalty people have. if something ain't working for their purposes and it's looking ossified then a good chunk will jump ship. they probably won't be any better off but thinking strategically ain't a strong characteristic in most.

ebliever

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Quote from: taxmanmt5 on March 26, 2017, 11:02:46 PM

DASH, ETH. Monero all are good in one way or the other but i must say that Bitcoin will remain to be on top of all these as BU will never be succeeded and even if does people will not accept it.

But under what circumstances? As things stand now bitcoin TX fees are much worse than any other crypto, and it's been causing a steady stream of bad news in the press, in merchant announcements and service cutbacks or restrictions and so on. I have no confidence in BU's approach or competence, and no confidence in the ability of Core to reach 95% consensus for Segwit. The UASF is a longshot and a bad precedent IMO.

The alts market has basically doubled in size since the Winkelvoss ETF rejection. All it would take is another draft of bad news - say, China taking advantage of bitcoin's lack of privacy features to clamp down, or another major bitcoin heist/hack, or even some major good news for Ethereum like the launch of the Raiden network or a major smart contract development - and we could see bitcoin drop below 50% and be in a fight with Ethereum for #1. That's the fast scenario. The slower scenario of Bitcoin continuing to strangle while alts progress on many fronts just drags things out for months longer, until enough BTC diehards accept the inevitable and the stampede starts.

xuan87

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For now ETH still number 2 crypto in market ap, ETH show a quite promising for alt coin, but ETH itself ever forked and ever lost a lot from user and the price drop down so quickly so i don't think ethereum can gain trust to replace bitcoin, but there is a chance that there will be another alt coin going to become bitcoin rival

squatz1

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This is just something that is being spread from the big holders of ETH in an attempt for them to pull money out of their investment because of the current problems the bitcoin community is having relating to picking a scaling solution. I highly doubt people would actually switch from Bitcoin to ETH as it's just not the same and ETH is only used for investments at the moment.

I don't think I've seen people accepting ETH as a form of payment or anything? It's just people using it because they think down the line it will be worth more, Bitcoin has a portion of it where people are using it in order to trade but I highly doubt it's even close to ETH.

Bitcoin won't lose out to these alts, as we know and say they're alternate cryptos.

taxmanmt5

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Quote from: Zer0Sum on March 25, 2017, 03:24:36 PM

Quote from: ?? on ??

Quote from: iamnotback on March 25, 2017, 02:06:44 PM

Quote from: gadsden76 on March 24, 2017, 10:00:24 PM

Re: BTC vs BTU will lead to Ethereum dominance.

My analysis of your assertion.

Agree 100%, and put much better than I did.

Bitcoin is, at best, standing still...
DASH is just a Super-Bubble with low tx and few Devs...
Monero is an exotic one-tricky pony that will hit a wall when Ethereum integrates native zero knowledge anon.

That leaves ETH now sitting at 30% of BTC cap, just a stone's throw in CryptoLand...
With a sprawling ecosystem and Devs, Devs, Devs... one year from now ETH will be #1.

DASH, ETH. Monero all are good in one way or the other but i must say that Bitcoin will remain to be on top of all these as BU will never be succeeded and even if does people will not accept it.

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Quote from: gadsden76 on March 24, 2017, 10:00:24 PM

And crypto will be better off because of it. Ethereum has a better network with more utility (contracts) and can do currency just like BTC.

And crypto will be better off because of it. Ethereal should have a better network with more utility (contracts) and can do currency just like BTC. But the advantage BTC cannot be over emphasized

mining1

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With the release of raiden in about 1-2 weeks the snowball effect may start sooner.

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Quote from: Zer0Sum on March 25, 2017, 03:24:36 PM

Quote from: ?? on ??

Quote from: iamnotback on March 25, 2017, 02:06:44 PM

Quote from: gadsden76 on March 24, 2017, 10:00:24 PM

Re: BTC vs BTU will lead to Ethereum dominance.

My analysis of your assertion.

Agree 100%, and put much better than I did.

Bitcoin is, at best, standing still...
DASH is just a Super-Bubble with low tx and few Devs...
Monero is an exotic one-tricky pony that will hit a wall when Ethereum integrates native zero knowledge anon.

That leaves ETH now sitting at 30% of BTC cap, just a stone's throw in CryptoLand...
With a sprawling ecosystem and Devs, Devs, Devs... one year from now ETH will be #1.

I certainly hope your right about this assumption of how the ethereum market will shape up in the next year with all the smart contracts being built up and the big banks looking towards it as a means to develop their own crypto ecosystem.
It looks to bee a burgeoning time for the alternative coins to bitcoin to come up with a way to become better to the end consumer with lower transaction fees and with the speed of those transactions being in the forefront of which one comes out on top and the other just fades away into the stratosphere as a distant memory of what could of been if only it was managed better than it's successor.

Zer0Sum

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Quote from: ?? on ??

Quote from: iamnotback on March 25, 2017, 02:06:44 PM

Quote from: gadsden76 on March 24, 2017, 10:00:24 PM

Re: BTC vs BTU will lead to Ethereum dominance.

My analysis of your assertion.

Agree 100%, and put much better than I did.

Bitcoin is, at best, standing still...
DASH is just a Super-Bubble with low tx and few Devs...
Monero is an exotic one-tricky pony that will hit a wall when Ethereum integrates native zero knowledge anon.

That leaves ETH now sitting at 30% of BTC cap, just a stone's throw in CryptoLand...
With a sprawling ecosystem and Devs, Devs, Devs... one year from now ETH will be #1.

iamnotback

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Quote from: gadsden76 on March 24, 2017, 10:00:24 PM

Re: BTC vs BTU will lead to Ethereum dominance.

My analysis of your assertion.

gadsden76

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Quote from: European Central Bank on March 25, 2017, 01:30:51 PM

Quote from: ?? on ??

Cryptocurrencies should have a method layed out upon launch of who and how controls the direction of the crypto-currency, so that it does not become centralized. Maybe Decentralized autonomous orgs and AI can eventually help with this, a large weakness in crypto TBH.

absolutely. it's the human element that is screwing things up and always will. if i was designing a coin now i'd go all out to make something that could accommodate as many future outcomes as possible from the off and then hang around to maintain it only.

A 'coin constitution' of sorts.

European Central Bank

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Quote from: ?? on ??

Cryptocurrencies should have a method layed out upon launch of who and how controls the direction of the crypto-currency, so that it does not become centralized. Maybe Decentralized autonomous orgs and AI can eventually help with this, a large weakness in crypto TBH.

absolutely. it's the human element that is screwing things up and always will. if i was designing a coin now i'd go all out to make something that could accommodate as many future outcomes as possible from the off and then hang around to maintain it only.

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