Topic: BTC vs BTU will lead to Ethereum dominance. - page 3. (Read 4781 times)

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.

BTC is the founding father, he will remain alive in the world cryptoccurency. possible after release BTU, BTC will go down a lot, but I think it is only temporary, and BTU only be an alternative transaction. I look at some of the mainstream market that use bitcoin is a lot, and still use bitcoin for gambling. so just illusions and hoaxes are said bitcoin will die and be shifted to other altcoin.

I hope not, BTC is the pioneer of all and also the most trusted one as it has been through it all too, so I hope its dominance remains and I think it will.

DASH will.

And XMR will be there too.

Not really. The light client will come in june. A full node is not really a burden for any decent pc. Took me less than an hour 3 ago to fully dl it with an i5, ssd and 10mb/s.
Text, but how will it recover ? BTC crashed from 1200 to several few years ago, but it still was wayy more valuable than any other altcoin. And it crashed because of dumps, but now it's foundation was shaken. The very faith that kept btc in the first place is now threatened.

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.

So basically you are saying users are using pruned nodes in ethereum at the moment, and there are very few full history ethereum nodes around.

are ETH full node rewarded for their job? otherwise what is the reason for them to have a full node? the only oen that i can think of is that ETH full node are less expensive to run

anyway altcoin ar enot better network, people already forgotten the ETH problem, and are only in pnic mode because of the hard fork of bitcoin


it has nothing to do with that, people just are unsecure when something like this happen and now they are storing their funds in the altnetwork

hilarious isn't it, when you fear that you lose fiat money you stotre on bitcoin, when you fear that you lose bitcoin money you store in the altcoin...

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.

No regular user download the full blockchain nowadays, Bitcoin users don't download the Bitcoin blockchain neither. There's probably nearly a million Bitcoin users, and only a few thousand full nodes. ETH actually has more full nodes than Bitcoin atm.

I wonder how many users have actually taken ETH off exchange and stored it in their own wallet.
Try downloading the full blockchain. Is the same size as BTC with less history, takes 5 times as long on an SSD and uses a lot of disk I/O.
In my opinion, it is not an efficient payment processor. It should be used as the distributed computing platform it was designed for.

So why is Ethereum a better network?

Look, a bit of honesty here: i currently don't own any btc and i wouldn't want to be in your shoes guys. Bitcoin's problem is that the mining cartels are also it's leadership. Both BU and core are mining cartels, am i right ? Otherwise there wouldn't be such a power struggle. I fear that if the btc implode in a spiral it might kill billions $ in value with it. It already did, but much more will follow.
Ethereum had a controversial fork in the past, and after that a bitcoin mining cartel whale, chandler guo, along with barry sillbert tried a flippening attempt but it didn't work out because they weren't supported by the eth foundation, who were supported themselves by every dapp developer, institution, corporations, and the random casual miners.

It's true that Bitcoin's governance system could be improved, but I don't think Ethereum has more to offer here. Remember The DAO and it's hard fork which led to ETC?

All I've heard of is that in Ethereum decision making is much more centralized than in Bitcoin. That's only a short-term advantage and may be suitable for the early stage the project is actually in. In the long run, Ethereum will run into the same problems that Bitcoin has today.

So for now, none of both has any governance advantage and I doubt any cryptocurrency has really a sound governance concept. There are interesting experiments, however (e.g. Decred), but it's to be seen if they work.

Yes, if BTC is able to get control and get over this BTU stuff then ETH will correct.

I find this unlikely though.

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

Ignore zcoin shilling.

That would be the greatest joke of this year.No altcoin which exist today can replace bitcoin.If any of them had such potential,they would have come to first place by this time.Most of them are just pump and dumps.

Why is this true?  I would view 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.

BTC vs BTU is making news at this point of time, and yes, it has benefited all other alts.
BTC dominance (percentage of overall market cap) is at an all time low.
But what happens once this issue is resolved. Either one (BTC or BTU) will gain dominance at the cost of all other alts.

I disagree, for some they might switch from bitcoin to ETH. But, BTU in my opinion will just end like the other Alt's which will only last for up to a year (might not even reach) since it is just being the center of attraction is because of the Bitcoin itself. Bitcoin is well established and it is the basis of the cryptocurrency so I believe it will be hard to be forgotten.

Soon and very soon, it will retain its previous price and let's just wait what'll happen in the BTU after its Launch.