Topic: BTC vs BTU will lead to Ethereum dominance. - page 4. (Read 4776 times)
Zcash will replace bitcoin.
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.
It's a sad ending for a formerly grandious invention. I am glad that Satoshi has not to live through this. On the other hand he may have mopped the floor with them sorry asses
For the first time in history I would assume Satoshi (if still alive, I consider him deceased) outing himself, stepping up, would not tank the value but increase it. Just because that would mean governance and structure again.
This is true, and if such a thing would happen and Satoshi could just lay down the law of the land I would retract my post. However, I see this as being very unlikely. One of the biggest problems with BTC is that people have began to conflate the decentralization of the BTC network with democratization e.g. 'one miner one vote'. Any decentralized network needs a benevolent dictator and organization to point things in the right direction (like Buterin is for ETH). BTU is a dictator, however certainly not benevolent, it is a chinese coup of the BTC!
That depends on how Ethereum manages the scalability issue.
They're working on a sharding concept and Proof-of-stake to diminish "real costs per transaction", but I read opinions that the sharding concept is very hard to implement and maybe even is incompatible with their planned PoS algorithm (Casper).
If they deliver sharding, Raiden and Casper and all works well for at least one year, then maybe ETH could compete with BTC. Until then, I think BTC (if it doesn't kill itself or sort-of - e.g. fragments permanently in multiple chains) should continue to lead the market cap rank.
They're working on a sharding concept and Proof-of-stake to diminish "real costs per transaction", but I read opinions that the sharding concept is very hard to implement and maybe even is incompatible with their planned PoS algorithm (Casper).
If they deliver sharding, Raiden and Casper and all works well for at least one year, then maybe ETH could compete with BTC. Until then, I think BTC (if it doesn't kill itself or sort-of - e.g. fragments permanently in multiple chains) should continue to lead the market cap rank.
I agree that Ethereum needs to address scalability, my point is mainly that I think because of Ethereum's much better organizational structure as compared to BTC Ethereum has a much better chance of actually fixing the issues with blockchain technology.
That depends on how Ethereum manages the scalability issue.
They're working on a sharding concept and Proof-of-stake to diminish "real costs per transaction", but I read opinions that the sharding concept is very hard to implement and maybe even is incompatible with their planned PoS algorithm (Casper).
If they deliver sharding, Raiden and Casper and all works well for at least one year, then maybe ETH could compete with BTC. Until then, I think BTC (if it doesn't kill itself or sort-of - e.g. fragments permanently in multiple chains) should continue to lead the market cap rank.
They're working on a sharding concept and Proof-of-stake to diminish "real costs per transaction", but I read opinions that the sharding concept is very hard to implement and maybe even is incompatible with their planned PoS algorithm (Casper).
If they deliver sharding, Raiden and Casper and all works well for at least one year, then maybe ETH could compete with BTC. Until then, I think BTC (if it doesn't kill itself or sort-of - e.g. fragments permanently in multiple chains) should continue to lead the market cap rank.
ethereum taking the title would be a vote for leadership and centralisation.
and let's be honest here, most people would probably prefer it.
and let's be honest here, most people would probably prefer it.
I just hope the backlash doesn't cost some to miss a real chance, no risk no reward! And I agree should BTU fall aside in the years that come another attempt would be made again over and over, something HAS TO change.
I rather transfer my Bitcoin core coins to ETHS than to Bitcoin Unlimited. BTU is buggy, and might lead to centralized network. Might leave by the miners in the long run too. I preper shifting to ETHs which has a better blockchain.
True, I have already diversified half of my BTC into ETH. And will sell all my BTU for ETH if the fork occurs.
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.
It's a sad ending for a formerly grandious invention. I am glad that Satoshi has not to live through this. On the other hand he may have mopped the floor with them sorry asses
For the first time in history I would assume Satoshi (if still alive, I consider him deceased) outing himself, stepping up, would not tank the value but increase it. Just because that would mean governance and structure again.
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 read somewhere that Ethereum is a flawed platform.
Nope, maybe you can point me to what you have read. However, sometimes the case is made that the immutability of contracts is a flaw. This is not the case, it is mainly just that the proper methods of producing and designing safe and secure dapps has not been made 'easy' or mainstream yet. This is not a flaw with Ethereum as a protocol, but more or less a necessary change of the development process must be made for ETH dapps.
I rather transfer my Bitcoin core coins to ETHS than to Bitcoin Unlimited. BTU is buggy, and might lead to centralized network. Might leave by the miners in the long run too. I preper shifting to ETHs which has a better blockchain.
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 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.
I don't disagree that another coin will eventually overtake bitcoin, I don't think satoshi ever realised it would become this popular. I don't think that coin will be ETH though, maybe something with more anonymity.
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 read somewhere that Ethereum is a flawed platform.
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 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.
you know Alts have hit a ATH when ___________
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 is tried and tested and almost safe and people will prefer their funds here than on some other fork.
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.
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