BTC vs BTU will lead to Ethereum dominance. - page 2.

manyuta

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Quote from: European Central Bank on March 25, 2017, 12:06:04 PM

Quote from: willope on March 25, 2017, 10:50:58 AM

Well, there was Gavin, but core kicked him out.
There was Craig Wright, but he doesn't have the balls to continue to develop btc.
There is Dorian Nakamoto, he doesn't want to know anything about Bitcoin (anymore).
And there is Roger Ver, the only man in the Earth able to kill Bitcoin. And he is doing it.

man, that's not an inspiring collection of people.

as for dorian he got his free lunch and disappeared again. he's a cool guy but he's no crypto satoshi, simply a normal satoshi.

how many times has there been a genuinely benevolent dictator? the people vying for power now most certainly are not benevolent.

the only satoshi we could ever use is the real one. vitalik is also the creator. if anyone replaced him then expect much of the same problems.

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.

There is some resistance to the crypto currency, and therefore it is very difficult to imagine that governments will decide to legalize crypto currency in this position. Very weak believe in it. Maybe I have not yet fully understood this matter, but I'm very interested in this.

European Central Bank

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Quote from: willope on March 25, 2017, 10:50:58 AM

Well, there was Gavin, but core kicked him out.
There was Craig Wright, but he doesn't have the balls to continue to develop btc.
There is Dorian Nakamoto, he doesn't want to know anything about Bitcoin (anymore).
And there is Roger Ver, the only man in the Earth able to kill Bitcoin. And he is doing it.

man, that's not an inspiring collection of people.

as for dorian he got his free lunch and disappeared again. he's a cool guy but he's no crypto satoshi, simply a normal satoshi.

how many times has there been a genuinely benevolent dictator? the people vying for power now most certainly are not benevolent.

the only satoshi we could ever use is the real one. vitalik is also the creator. if anyone replaced him then expect much of the same problems.

willope

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Quote from: Kprawn on March 25, 2017, 09:27:06 AM

Quote from: gadsden76 on March 24, 2017, 09:07:08 PM

Quote from: icanscript on March 24, 2017, 09:04:08 PM

No it wont. Like Bitcoin XT, I think BTU will almost be forgotten in a year, or maybe we will have some alt.

Bitcoin is tried and tested and almost safe and people will prefer their funds here than on some other fork.

Bitcoin has a weak organizational structure, and while some argue that this is a net positive, it really isn't. The correct long-term decisions for the health of the BTC network are not being made quickly enough and this will lead to BTC power grabs and infighting over the decentralized network long after the BTC BTU debate is settled. For this reason another coin will overtake BTC.

Spoken like a perfect Fiat slave with a centralized mindset. The idea with Crypto currencies were to free ourselves from the fiat system and to

give you the freedom to make your own choice and to be part of the decision making process. Now you want to go back to a "organizational"

structure with Presidents and staff admins at what not? Wow.... how fast have things changed, since I entered this scene. Sad

I'm more libertarian than 90% around here, as far as fiat goes I agree. my point is democratization != decentralization, in fact the only way to preserve bitcoins decentralized nature is to have a benevolent dictator type... keyword benevolent, not a chinese coup

Ethereum has vitalik,

where is the Satoshi for BTC?

Well, there was Gavin, but core kicked him out.
There was Craig Wright, but he doesn't have the balls to continue to develop btc.
There is Dorian Nakamoto, he doesn't want to know anything about Bitcoin (anymore).
And there is Roger Ver, the only man in the Earth able to kill Bitcoin. And he is doing it.

FandangledGizmo

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ETH may surpass BTC in value but it won't be the store of value/ digital gold given the way they rolled back the DAO hack. At the same time neither will BTC if BU succeeds.

Labumi

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well this is something that is hard to look for a solution. Because I see this problem occurs because there is a group that does want to do or look for fame or profit from development of the bitcoin, so as much as possible they want to take over the case and wanted to get a big advantage. Ethereum can indeed be compared best crypto bitcoin, but to become a crypto that have many enthusiasts need a lot of sacrifice in order to like bitcoin. Although not that dominating Influence ethereum bitcoin will be crushed and the price goes down

Kprawn

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Quote from: gadsden76 on March 24, 2017, 09:07:08 PM

Quote from: icanscript on March 24, 2017, 09:04:08 PM

No it wont. Like Bitcoin XT, I think BTU will almost be forgotten in a year, or maybe we will have some alt.

Bitcoin is tried and tested and almost safe and people will prefer their funds here than on some other fork.

Bitcoin has a weak organizational structure, and while some argue that this is a net positive, it really isn't. The correct long-term decisions for the health of the BTC network are not being made quickly enough and this will lead to BTC power grabs and infighting over the decentralized network long after the BTC BTU debate is settled. For this reason another coin will overtake BTC.

Spoken like a perfect Fiat slave with a centralized mindset. The idea with Crypto currencies were to free ourselves from the fiat system and to

give you the freedom to make your own choice and to be part of the decision making process. Now you want to go back to a "organizational"

structure with Presidents and staff admins at what not? Wow.... how fast have things changed, since I entered this scene. Sad

Iranus

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Quote from: rawbert on March 24, 2017, 09:30:07 PM

Zcash will replace bitcoin.

Zcash's market cap as a percentage of Bitcoin is 0.38%. Just because its circulation is less than a sixteenth that of Bitcoin you seem to think that the price is high, when in fact the actual value of its entire circulation is only about 63,000 Bitcoin. So there's zero chance that Zcash will replace Bitcoin.

As for Ethereum, the market cap is 28.3% of Bitcoin. This percentage is surprisingly echoed by its transaction volume, which is also more than a quarter of Bitcoin's.

However, I think that it's underestimated how much many Bitcoin users dislike centralisation - after all, decentralisation is arguably the greatest aim of Bitcoin, and while Ethereum mining is quite decentralised and GPU/CPU mining is still pretty much acceptable, its development is solely by a certain team and it is essentially in the hands of a small team, which doesn't say decentralisation like Bitcoin does and I think that people like to have a say, especially the sort of people who are likely to be into Bitcoin.

Therefore, the chance of Ethereum actually properly overtaking Bitcoin is pretty low.

ANHEQIAO

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i think BTU as a new alt if it gained dominance(a fork is much more likely) as would many other crypto enthusiasts. BTC doesn't have the organizational structure to maintain #1 marketcap and prevent more major forks.

chixka000

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I think that this crazy thing about btu or what was the chinese government is trying to do would not succeed. Tho i am really not a fan of eth i still dont think that it can dominate the market

mining1

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Quote from: European Central Bank on March 25, 2017, 07:05:45 AM

Quote from: lumeire on March 25, 2017, 07:01:09 AM

The only difference is that ETH seems to be led by more competent devs.

unified sure, what's more competent about them?

unified is proving to be just as important as competence of course.

What's more competent about them ? Bitcoin devs are trying to work on a bike, and failing to do so. ETH devs are working on an electric car, and are making constant progress.
I think @iamnotback said that bitcoin ( blockstream? ) has like ~170 devs. And they are working on and are trying to improve the simplest version of blockchain which is meant to be used as token transfer representing value. No added complexity, no dapps, contracts, no scaling, no privacy. And they are doing a horrible job.

Now, i don't care for what reasons they can't be succesful, for the potential investor it doesn't really matter. Fact is, it's stagnating for many years.

HarringtonStark

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Nope. Bitcoin is tried and tested and it will still remain king among cryptocurrencies. Bitcoin is the popular currency in the Deep Web.

clickerz

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Quote from: mkmdoc on March 25, 2017, 06:59:52 AM

Quote from: Text on March 25, 2017, 02:05:20 AM

In my opinion, no altcoin can replace bitcoin as we can see it still and always on the top. Those issues will be washed out by the network improvements. Well my vote goes to ETH and not for the BTU clone. BTC can survive and will recover as it was already proven.

Yes, you are right bitcoin is facing network problem that's all. Issues will be solved once everything is setup with network improvements and also many people are mis propagating the news about the split of Bitcoin into BTU. But it cannot survive like Bitcoin in the market, it is same like ETC = BTU.

This is what I understand also and look at ETH now, it is still benefiting from btc dump. I mean, after this hard fork, bitcoin will still survive and I do believe it can regain its status also.Since it is hotly discussed right now, we will know if its already here being implemented.

But, @OP has also valid reasons and it is also possible for ETH dominance, look at many RETH contract projects, they are popular now. The ETH thing is in.

European Central Bank

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Quote from: lumeire on March 25, 2017, 07:01:09 AM

The only difference is that ETH seems to be led by more competent devs.

unified sure, what's more competent about them?

unified is proving to be just as important as competence of course.

lumeire

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Quote from: jonald_fyookball on March 24, 2017, 10:42:02 PM

so...then the corollary must be Bitcoin unity = Ethereum worst nightmare.

Still such an oversimplification. Both grows irregardless of the other. The only difference is that ETH seems to be led by more competent devs.

mkmdoc

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Quote from: Text on March 25, 2017, 02:05:20 AM

In my opinion, no altcoin can replace bitcoin as we can see it still and always on the top. Those issues will be washed out by the network improvements. Well my vote goes to ETH and not for the BTU clone. BTC can survive and will recover as it was already proven.

Yes, you are right bitcoin is facing network problem that's all. Issues will be solved once everything is setup with network improvements and also many people are mis propagating the news about the split of Bitcoin into BTU. But it cannot survive like Bitcoin in the market, it is same like ETC = BTU.

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Quote from: mining1 on March 25, 2017, 01:54:10 AM

The fact that it takes the same hdd space (i take your word for it, i dont have btc chain downloaded) has nothing to do with efficiency. ATM it is several times faster. In few weeks raiden, which is lightning network equivalant, will be implemented. First guess was late march but it was pushed into early april, no exact date.
Plus, if bitcoin happens to die, every single investor will be more cautious about what they invest into. The era when faith was all it was needed to keep a coin value up will be over. People will document themselves more, research more.
ETH's value is backed up by several factors:
1. ethereum foundation which is extremely transparent. After the dao hack they lived off the dumped etc, eth tokens quantity sold is negligible at best.
2. dapp developers and the entire dev ecosystem
3. institutions and corporations working on ethereum and contributing to the platform. JP morgan released some eth software aswell on github, but i didn't research so most likely there's ton of software released by corporations, i just happen to stumble over it, i didn't look for it. Also santander bank has a demo on youtube demonstrating the crypto backed by fiat tokens on ethereum. But for public release massive scaling is needed. UN works silently on ethereum aswell. You see, these institutions, academics, they don't make press conferences to announce they work on it, but that pic doesn't need any more words http://innovation.wfp.org/blog/blockchain-crypto-assistance-wfp .
4. EF has no mining cartel, unlike bu-core.

Those are some good points.
And what really shook me about ethereum is the United Nations operative who are using it to better those poorer countries in a way for them to use it as a means to buy food with it. Unlike what bitcoin has been known for gambling with and using it as a means to buy illicit drug with it via it's frontier inception into the spotlight silk road.
That will never be bleached out of the minds of those who use it no matter how hard any one governing body tries to white wash it away.
Atleast ethereum has a clean start to work with reputation wise.

BitcoinHodler

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HODLing is an art, not just a word...

OP is right afterall, the bitcoin debates and the fluctuations or even sometimes when bitcoin price stays the same stable price, it is always a good opportunity for ethereum supporters to pump their coin and help us bitcoinhodlers hodl more bitcoin when we dump etherum after the pump

paul gatt

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If they do not have a solution to solve the current problem of bitcoin, it will collapse, and the alt coins will rise to the throne, which is sure to happen. While bitcoin is declining, alt coins are growing and rising to record levels. I personally think the BTU should be rejected, because it's just an alt coin of greed, so it will not be the market's favorite, bitcoin core is always the belief of everyone. ETH is developing very strongly, its future will be beautiful, and it can dominate the market if bitcoin breaks down.

European Central Bank

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Quote from: gadsden76 on March 25, 2017, 06:29:03 AM

Look, I hope so too, but if BTU wins or splits the network ETH is the only way forward for crypto. I suggest to at least diversify into it.

if it attracts an influx of bitcoin users then they'll probably bring all the same psychopathic traits and cause ethereum to start creaking.

Quote from: kokojie on March 25, 2017, 01:49:48 AM

ETH actually has more full nodes than Bitcoin atm.

the one and only reason for that is that they're gpu mining.

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To me btc is best of all currently available Crypto but if in any unlikely situation, hard fork occur, I would move to some better Altcoin than ETH.

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