Could Ethereum takeover Bitcoin? - page 2.

Westingcote

member

Activity: 110

Merit: 131

Quote from: LiberOptions on September 23, 2016, 03:52:17 PM

Ethereum Network Comes Across Yet Another DOS Attack

Ethereum is definitely heading towards trouble. The promising blockchain-based smart contracts protocol has been facing a lot of issues in the recent days, the latest one being yet another DOS attack.

A brief alert about the latest DOS attack was published earlier yesterday on Ethereum’s blog. The alert statement reads,

“URGENT ALL MINERS: The network is under attack. …a computational DDoS, i.e. miners and nodes need to spend a very long time processing some blocks. …due to the EXTCODESIZE opcode, which has a fairly low gas price but which requires nodes to read state information from disk; the attack transactions are calling this opcode roughly 50,000 times per block. “

Link

It is better for the Ethereum to be attacked now so that the vulnerability will be reparied when the price is low.

LiberOptions

sr. member

Activity: 412

Merit: 250

Ethereum Network Comes Across Yet Another DOS Attack

Ethereum is definitely heading towards trouble. The promising blockchain-based smart contracts protocol has been facing a lot of issues in the recent days, the latest one being yet another DOS attack.

A brief alert about the latest DOS attack was published earlier yesterday on Ethereum’s blog. The alert statement reads,

“URGENT ALL MINERS: The network is under attack. …a computational DDoS, i.e. miners and nodes need to spend a very long time processing some blocks. …due to the EXTCODESIZE opcode, which has a fairly low gas price but which requires nodes to read state information from disk; the attack transactions are calling this opcode roughly 50,000 times per block. “

Link

kanazawa

hero member

Activity: 756

Merit: 500

Everything depends on acceptance. Since ETH and Bitcoin are getting more and more every day, both are in continuos developing so, taking in account the size of the whole systems and community involved I don't think ETH will takeover Bitcoin (at least until 2020). That's my opinion.

danherbias07

legendary

Activity: 3346

Merit: 1134

Leading Crypto Sports Betting & Casino Platform

Quote from: reb0rn21 on September 20, 2016, 08:48:13 PM

Quote from: asdalani on August 05, 2016, 09:13:43 AM

Quote from: mining1 on August 04, 2016, 07:33:21 AM

Bitcoin cannot be replaced in the next 5 years unless there will be developed bigger businesses / application on ethereum blockchain. The first step into taking bitcoin place is for to succesful update to serenity early next year and then make scalability work. If they succeed that, the value of ethereum will double in like few weeks. But it also depends alot on dapps success, like akasha social network.

I am not sure if the Ethereum will take over bitcoin, but the trading volume is higher than the bitcoin now.

You know the trading volume on some exchanges are zero fee bots which only point of existence is to pump some shit/crap/waporware as ethereum?

Ethereum is not decentralized network and never can be, the community with ethereum is only interested in hype and pump and dump scheam

There is zero security in ethereum blockchain was forked by few insane ppl, miners only supported it due their ignorance and greed, as soon ETH goes POS they will abandon it for next new coin

In short someone could control it. I dont want that. What is the difference with the government fiat with that. But it will all be your opinion so I should barge in. Just be careful. I dont think it will take over bitcoin. That can happen in their dreams.

Wexnident

hero member

Activity: 2758

Merit: 675

I don't request loans~

Quote from: mining1 on September 21, 2016, 03:27:29 AM

How is it ethereum not decentralized if the biggest miner in china, therefore in the world, only owns ~2% / 100gh + of all network hashrate ? Everyone owns between 0.00000001% and 2% of network's hashrate.

If the Etheruem price is very high, there will be more miners all over the world, but mainly in places with cheap electricity.

mining1

hero member

Activity: 532

Merit: 500

How is it ethereum not decentralized if the biggest miner in china, therefore in the world, only owns ~2% / 100gh + of all network hashrate ? Everyone owns between 0.00000001% and 2% of network's hashrate.

reb0rn21

legendary

Activity: 1901

Merit: 1024

Quote from: asdalani on August 05, 2016, 09:13:43 AM

Quote from: mining1 on August 04, 2016, 07:33:21 AM

Bitcoin cannot be replaced in the next 5 years unless there will be developed bigger businesses / application on ethereum blockchain. The first step into taking bitcoin place is for to succesful update to serenity early next year and then make scalability work. If they succeed that, the value of ethereum will double in like few weeks. But it also depends alot on dapps success, like akasha social network.

I am not sure if the Ethereum will take over bitcoin, but the trading volume is higher than the bitcoin now.

You know the trading volume on some exchanges are zero fee bots which only point of existence is to pump some shit/crap/waporware as ethereum?

Ethereum is not decentralized network and never can be, the community with ethereum is only interested in hype and pump and dump scheam

There is zero security in ethereum blockchain was forked by few insane ppl, miners only supported it due their ignorance and greed, as soon ETH goes POS they will abandon it for next new coin

hakanbalta577

sr. member

Activity: 406

Merit: 250

Quote from: mining1 on August 04, 2016, 07:33:21 AM

Bitcoin cannot be replaced in the next 5 years unless there will be developed bigger businesses / application on ethereum blockchain. The first step into taking bitcoin place is for to succesful update to serenity early next year and then make scalability work. If they succeed that, the value of ethereum will double in like few weeks. But it also depends alot on dapps success, like akasha social network.

Yes its no way near possible right now that ethereum can takeover bitcoin in next 5 years or i would rather say its never gonna be possible.
Right now bitcoin is way ahead of that.Ethereum at the start showed the great potential and many said it would cross bitcoins but after some times it shuts down,bitcoin the boss in the crypto-currency world.

Westingcote

member

Activity: 110

Merit: 131

Quote from: Leonard2016 on September 16, 2016, 07:33:04 AM

Quote from: Dobmaster on September 16, 2016, 02:26:53 AM

Quote from: michellee on September 11, 2016, 10:27:03 PM

i think there is no way that ethereum takeover bitcoin because bitcoin is bitcon, ethereum is ethereum and there is not the same project. but if for leading, i think ethereum can do this but i wonder when ethereum can be leading for any altcoins? i don't think so that ethereum will be the leading of altcoins.

I believe that the bitcoin is a base currency and the Ethueum is a fuel for the smart contracts. It will not replace bitcoin.

well said.
if ethereum can stop being a bad coin in the sense of manipulation and also centralization and instead starts being more like a normal altcoin with a decentralized economy with little manipulation it can grow big. otherwise it will die slowly like 100s of other altcoins before it.

The Etheruem is not so centralisation. It is still in the PoW stage. So the premine will be diluated in the future.

Leonard2016

hero member

Activity: 1036

Merit: 520

Quote from: Dobmaster on September 16, 2016, 02:26:53 AM

Quote from: michellee on September 11, 2016, 10:27:03 PM

i think there is no way that ethereum takeover bitcoin because bitcoin is bitcon, ethereum is ethereum and there is not the same project. but if for leading, i think ethereum can do this but i wonder when ethereum can be leading for any altcoins? i don't think so that ethereum will be the leading of altcoins.

I believe that the bitcoin is a base currency and the Ethueum is a fuel for the smart contracts. It will not replace bitcoin.

well said.
if ethereum can stop being a bad coin in the sense of manipulation and also centralization and instead starts being more like a normal altcoin with a decentralized economy with little manipulation it can grow big. otherwise it will die slowly like 100s of other altcoins before it.

1btcdream

sr. member

Activity: 393

Merit: 297

Quote from: Dobmaster on September 16, 2016, 02:26:53 AM

Quote from: michellee on September 11, 2016, 10:27:03 PM

i think there is no way that ethereum takeover bitcoin because bitcoin is bitcon, ethereum is ethereum and there is not the same project. but if for leading, i think ethereum can do this but i wonder when ethereum can be leading for any altcoins? i don't think so that ethereum will be the leading of altcoins.

I believe that the bitcoin is a base currency and the Ethueum is a fuel for the smart contracts. It will not replace bitcoin.

And the two currency can co-exist and complement each other.

Dobmaster

sr. member

Activity: 464

Merit: 250

Quote from: michellee on September 11, 2016, 10:27:03 PM

i think there is no way that ethereum takeover bitcoin because bitcoin is bitcon, ethereum is ethereum and there is not the same project. but if for leading, i think ethereum can do this but i wonder when ethereum can be leading for any altcoins? i don't think so that ethereum will be the leading of altcoins.

I believe that the bitcoin is a base currency and the Ethueum is a fuel for the smart contracts. It will not replace bitcoin.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

i think there is no way that ethereum takeover bitcoin because bitcoin is bitcon, ethereum is ethereum and there is not the same project. but if for leading, i think ethereum can do this but i wonder when ethereum can be leading for any altcoins? i don't think so that ethereum will be the leading of altcoins.

Dinki

full member

Activity: 180

Merit: 100

Incent

There is no chance in hell, etherum would take over from bitcoins. Whale or no whale!

noictib

hero member

Activity: 966

Merit: 515

One of the world's leading Bitcoin-powered casinos

Quote from: Frost on May 19, 2016, 02:34:55 PM

So, what are your opinions... if Bitcoin gets trouble, could Ethereum become the crypto-leader?

yes ,of course etherium will be leader if bitcoin became but it can't happne because father is father and son is song . in my openion the price of etherium is in term of btc si there is always a chance of change in price of ehterium due to btc .

isoneguy

hero member

Activity: 518

Merit: 501

In theory any coin could over take any other coin.

So the answer is yes...it could.

Will it do this today or tomorrow? I highly doubt it.

anama

full member

Activity: 126

Merit: 100

in now and next five year ago
ethereum eth never can takaover bitcoin and move position bitcoin is number one and lead cryptco coin
until now bitcoin still central transaction all altcoin need bitcoin, but bitcoin not need ethereum

vlight

hero member

Activity: 656

Merit: 500

No, there can be only one true chain and it is BTC.

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Quote from: Wexnident on September 11, 2016, 06:18:56 AM

Quote from: Dobmaster on August 20, 2016, 03:45:30 AM

Quote from: EssentialCoin on August 20, 2016, 03:05:37 AM

Quote from: asdalani on August 05, 2016, 09:13:43 AM

Quote from: mining1 on August 04, 2016, 07:33:21 AM

Bitcoin cannot be replaced in the next 5 years unless there will be developed bigger businesses / application on ethereum blockchain. The first step into taking bitcoin place is for to succesful update to serenity early next year and then make scalability work. If they succeed that, the value of ethereum will double in like few weeks. But it also depends alot on dapps success, like akasha social network.

I am not sure if the Ethereum will take over bitcoin, but the trading volume is higher than the bitcoin now.

The trading volume dropped some what in the last few days. But investors are still very interested in it and there will be a few meetings about Ethereum.

The Devcon2 will be held on September 19, 20, 21.

https://blog.ethereum.org/2016/07/08/devcon2-site-now-live/

So is there any possibility that the Ethereum price will be pumped to coincide with the conference now?

It's not about pumping. There's a lot, sorry I will repeat that, a LOT of gud ETH news coming out during the conference. I've bought moar in anticipation. It's the best advices right now.

Wexnident

hero member

Activity: 2758

Merit: 675

I don't request loans~

Quote from: Dobmaster on August 20, 2016, 03:45:30 AM

Quote from: EssentialCoin on August 20, 2016, 03:05:37 AM

Quote from: asdalani on August 05, 2016, 09:13:43 AM

Quote from: mining1 on August 04, 2016, 07:33:21 AM

Bitcoin cannot be replaced in the next 5 years unless there will be developed bigger businesses / application on ethereum blockchain. The first step into taking bitcoin place is for to succesful update to serenity early next year and then make scalability work. If they succeed that, the value of ethereum will double in like few weeks. But it also depends alot on dapps success, like akasha social network.

I am not sure if the Ethereum will take over bitcoin, but the trading volume is higher than the bitcoin now.

The trading volume dropped some what in the last few days. But investors are still very interested in it and there will be a few meetings about Ethereum.

The Devcon2 will be held on September 19, 20, 21.

https://blog.ethereum.org/2016/07/08/devcon2-site-now-live/

So is there any possibility that the Ethereum price will be pumped to coincide with the conference now?

Topic: Could Ethereum takeover Bitcoin? - page 2. (Read 7228 times)