Very doubtful. Too many people avoid altcoins, even those that don't avoid POS coins since it's somewhat trivial for an entity with enough money to take control of it.
Back of the napkin math there are 34 million ETH staked out of 120 million. If over the course of a year or 2 a large company / any government could easily obtain more then that to setup their own staking nodes and then control the staking process. Assuming that ETH doubles in price while this is happening you are still only taking about 120 billion USD. Which is a lot of money for you and me but not for a mega corp or a country.
Although anti BTC people like to say the same about BTC and POW coins the cost would be much greater between the obtaining of the hardware, the setting up of the power needed and a lot of other logistical issues.
-Dave
Topic: Can Ethereum Flip Bitcoin in Future? - page 6. (Read 928 times)
This guy thinks so...
Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value.
It depends on your view.Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value.
In my view, Ethereum loses its value against Bitcoin.
https://www.coingecko.com/en/coins/ethereum
You can tick BTC at "Compare with: BTC ETH" and see the value loss of Ethereum. From value of 1 ETH exchanged to about 0.15 BTC in 2017, now ETH value against BTC is 0.042.
The value change is clear and it does not show value growth of Ethereum. I am not Bitcoin maximalist, just say the truth.
Ethereum market cap comes from massive premined ETH.
If we judge fairly and objectively, it can happen because the future is unpredictable. But with what is happening now, I think that is very unlikely to happen and will not happen in the near future.
Right now, all the attention is still focused more on bitcoin than ETH. Not only on forums or crypto investor communities, if you follow the cash flows of bitcoin ETFs and ethereum ETFs, you will also see a huge difference. That shows that large funds and traditional investors are not too interested in ETH over bitcoin at this point. Additionally, ETH has to work harder if it wants to replace the position that BTC is currently holding.
In my opinion ETH cannot surpass BTC.
Right now, all the attention is still focused more on bitcoin than ETH. Not only on forums or crypto investor communities, if you follow the cash flows of bitcoin ETFs and ethereum ETFs, you will also see a huge difference. That shows that large funds and traditional investors are not too interested in ETH over bitcoin at this point. Additionally, ETH has to work harder if it wants to replace the position that BTC is currently holding.
In my opinion ETH cannot surpass BTC.
Nothing is impossible when comes to this market, but I personally doubt Ethereum will surpass the value of Bitcoin because a collection of factors, being one of them the fact Bitcoin posseses a limited supply and a deflationary behavior by design, while Ethereum does not have such characteristics.
While it is true there are very talented developers working on their projects embedded on Ethereum, the majority of the public on internet still seems to prefer centralized services and are not accustomed to handling their own private keys.
If the average internet user decided to embrace decentralization and learnt how to cryptographically manage their identity, then Ethereum would indeed increase much more in value.
In short, Dapps in Ethereum are direct competitors of centralized services offered by big tech companies.
While it is true there are very talented developers working on their projects embedded on Ethereum, the majority of the public on internet still seems to prefer centralized services and are not accustomed to handling their own private keys.
If the average internet user decided to embrace decentralization and learnt how to cryptographically manage their identity, then Ethereum would indeed increase much more in value.
In short, Dapps in Ethereum are direct competitors of centralized services offered by big tech companies.
This guy thinks so...
Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value. He said that even though BTC has a well-established narrative as "digital gold" that institutions have embraced, he actually believes Ethereum has made the most impact as a blockchain over the past five years. He claims Ethereum remains largely misunderstood by many, and describes Ethereum as the blockchain where the world's most talented developers are building the decentralized internet.
May be a tough task beating 60k from below 5k though.
Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value. He said that even though BTC has a well-established narrative as "digital gold" that institutions have embraced, he actually believes Ethereum has made the most impact as a blockchain over the past five years. He claims Ethereum remains largely misunderstood by many, and describes Ethereum as the blockchain where the world's most talented developers are building the decentralized internet.
May be a tough task beating 60k from below 5k though.
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