everything you can do on other altcoin, it can always be done on bitcoin, altcoin are only good for testing new stuff, if it is a good stuff, bitcoin will absorb it
altcoin are good as a guinea pigs
altcoin are good as a guinea pigs
Topic: Does this mean that ETH is irrelevant (smart contracts on bitcoin blockchain) (Read 1681 times)
March 18, 2016, 09:26:11 AM
Not true. 99.99% altcoin uses faster blocks, Bitcoin does not adopt faster blocks for some stupid reason. Even increasing block size is taking forever.
March 18, 2016, 05:25:24 AM
everything you can do on other altcoin, it can always be done on bitcoin, altcoin are only good for testing new stuff, if it is a good stuff, bitcoin will absorb it
altcoin are good as a guinea pigs
altcoin are good as a guinea pigs
Yeah you can absorb the good stuff as long you get consensus and we know how hard that has been recently
As this will be a useful external "add-on" on the top of bitcoin but not going to change the bitcoin protocol itself, I think this will have a lot more acceptance.
March 18, 2016, 02:22:16 AM
everything you can do on other altcoin, it can always be done on bitcoin, altcoin are only good for testing new stuff, if it is a good stuff, bitcoin will absorb it
altcoin are good as a guinea pigs
altcoin are good as a guinea pigs
Not everything. Bitcoin will never be as anonymous as Monero.
And unless you can guarantee it works 100% always it's useless.
And you never can.. and as soon as you guys printed "Secure, Untraceable" etc on your Hoodies..
You will be hacked ..sooner or later.
Notice how no computer technology stays secure forever ?
I do ..i am a cracker
EDIT:
Point being is having one more Anon than the other is meaningless bullshit.
That is like saying i am secure'ish and another guy saying i am secure'isher more than you.. some what. sort of
March 18, 2016, 01:43:45 AM
everything you can do on other altcoin, it can always be done on bitcoin, altcoin are only good for testing new stuff, if it is a good stuff, bitcoin will absorb it
altcoin are good as a guinea pigs
altcoin are good as a guinea pigs
Not everything. Bitcoin will never be as anonymous as Monero.
Likely true.
March 18, 2016, 12:48:25 AM
Aren't these pretty old news?
I found this from 2014:
http://counterparty.io/news/counterparty-recreates-ethereums-smart-contract-platform-on-bitcoin/
I have to admit that I am not sure if the actual Ethereum Smart contract system is in some way "superior" to the Counterparty system, as the CP implementation seems to be a fork of a ETH beta version.
Edit: Ah, I see: in 2014 it was only a experimental Testnet feature, and now it went live (or is about to) in the Counterparty mainnet.
I found this from 2014:
http://counterparty.io/news/counterparty-recreates-ethereums-smart-contract-platform-on-bitcoin/
Quote from: counterparty.io
With Counterparty Contracts, users may write Turing Complete smart contracts into the Bitcoin blockchain and execute their code on all Counterparty nodes. We’ve ported Ethereum’s language and virtual machine over to the Counterparty platform, using the pyethereum codebase. The result is hosted on GitHub and open for public testing. Today, you can take Turing Complete Ethereum code, or write your own, and run it on Bitcoin with Counterparty. Anything that one could ever do with Ethereum, one can now do with Bitcoin and Counterparty.
I have to admit that I am not sure if the actual Ethereum Smart contract system is in some way "superior" to the Counterparty system, as the CP implementation seems to be a fork of a ETH beta version.
Edit: Ah, I see: in 2014 it was only a experimental Testnet feature, and now it went live (or is about to) in the Counterparty mainnet.
March 17, 2016, 03:25:55 PM
everything you can do on other altcoin, it can always be done on bitcoin, altcoin are only good for testing new stuff, if it is a good stuff, bitcoin will absorb it
altcoin are good as a guinea pigs
altcoin are good as a guinea pigs
Really
)Increasing block size takes one line of code (http://gavinandresen.ninja/a-guided-tour-of-the-2mb-fork). Change one line and BTC will scale. I've tested it. It works.
For over 10 months the devs and community can't agree about changing one fucking line of code, because "it's not that easy", but wait....
"everything you can do on other altcoin, it can always be done on bitcoin"
Right now Bitcoin project is frozen. It's a question 2-3 months for tons of transactions to be delayed even if they pay the default 0.0001 BTC.
In my opinion it's a time bomb ticking...
Yawn. FUD.
March 17, 2016, 03:21:15 PM
everything you can do on other altcoin, it can always be done on bitcoin, altcoin are only good for testing new stuff, if it is a good stuff, bitcoin will absorb it
altcoin are good as a guinea pigs
altcoin are good as a guinea pigs
Not everything. Bitcoin will never be as anonymous as Monero.
March 17, 2016, 03:18:58 PM
everything you can do on other altcoin, it can always be done on bitcoin, altcoin are only good for testing new stuff, if it is a good stuff, bitcoin will absorb it
altcoin are good as a guinea pigs
altcoin are good as a guinea pigs
Really
)Increasing block size takes one line of code (http://gavinandresen.ninja/a-guided-tour-of-the-2mb-fork). Change one line and BTC will scale. I've tested it. It works.
For over 10 months the devs and community can't agree about changing one fucking line of code, because "it's not that easy", but wait....
"everything you can do on other altcoin, it can always be done on bitcoin"
Right now Bitcoin project is frozen. It's a question 2-3 months for tons of transactions to be delayed even if they pay the default 0.0001 BTC.
In my opinion it's a time bomb ticking...
March 17, 2016, 03:16:04 PM
everything you can do on other altcoin, it can always be done on bitcoin, altcoin are only good for testing new stuff, if it is a good stuff, bitcoin will absorb it
altcoin are good as a guinea pigs
altcoin are good as a guinea pigs
Yeah you can absorb the good stuff as long you get consensus and we know how hard that has been recently
Not really .. bad example your driving at.
you retort would have had better leverage had you pushed the angle at feature absorption
since as far as i am aware i don't think Bitcoin absorbed any Altcoin feature yet.
But there is plenty of consensus on BTC.. it's a majority vote and we all DID agree something had to change.
Your veiled attempt at defending ETH failed miserably.. you have been pwned hard !
EDIT:
by the way one is an open source decentralized crypto-currency and the other is NOT !
So uhh comparison fail LOL
March 17, 2016, 03:10:57 PM
yes,its smart contract,etherum will be a very good and competitive altcoin,and maybe can compete bitcoin soon,but today etherum price going down,someone can tell me that tomorow etherum price will rise again?
yes, it's cloud storage, Ponzeeeee will be a very good and competitive altcoin and maybe can compete bitcoin soon,but today Ponzeeeee price going down,someone can tell me that tomorow Ponzeeeee price will rise again?
..you answered your own question LOL
And no it won't ever beat Bitcoin because Bitcoin is a currency and Ethereum is not.
and asking about today's price proves it too.. none of you use it or care about it.. you want profit lambo's !
so go out and find another digital scam pyramid scheme token to drain of money.
gonna trade ? ..learn how it works then.
March 17, 2016, 03:03:35 PM
The hype around ethereum makes it seem like "smart contracts" are needed. I do agree it is a nice possibility, but so far I have never needed it, and if people would have needed it, it would have been invented a lot sooner.
It now seems they are offering a solution to a problem that does not exist. Meanwhile the inventors are cashing in, people jump on the train afraid to miss it, without ever having shown a single application that we can use. Or even better: an application that we need.
It now seems they are offering a solution to a problem that does not exist. Meanwhile the inventors are cashing in, people jump on the train afraid to miss it, without ever having shown a single application that we can use. Or even better: an application that we need.
I see your point, but note that no one needed internet before it was invented, people were doing fine without it. Same goes for every other technology.
Quote
and if people would have needed it, it would have been invented a lot sooner
Lol, so I guess we won't see any new, useful inventions ever again. Coz such would already have been invented if we needed them, right?
Wrong.
We did NEED the internet.. it was created by the US military for data communication,
then people realized yes.. it is in fact an upgrade on traditional methods of communication
such as telephone & snail mail.
your veiled attempt at defending ETH failed miserably.. i just owned your fucking ass hard
And the guy quoted originally is 100% correct.
March 17, 2016, 02:36:03 PM
Before the mass ETH shilling, Ethereum were marketed as a supplementary Alt coin to Bitcoin offering the best solution for Smart contracts....
I do like that idea, something special with a very small market. Not something useless that makes the creator very rich.Quote
said, name one significant application using Ethereum.
A nice demonstration of its power: https://ethereumpyramid.com/ I've read all sorts of futuristic made-up possible uses, but none of them has been implemented. For something with 1 billion dollar market capitalization that is a bit disappointing to say the least.
March 17, 2016, 02:10:00 PM
everything you can do on other altcoin, it can always be done on bitcoin, altcoin are only good for testing new stuff, if it is a good stuff, bitcoin will absorb it
altcoin are good as a guinea pigs
altcoin are good as a guinea pigs
people who get online are similarly used as guinea pigs
March 17, 2016, 02:05:03 PM
The hype around ethereum makes it seem like "smart contracts" are needed. I do agree it is a nice possibility, but so far I have never needed it, and if people would have needed it, it would have been invented a lot sooner.
It now seems they are offering a solution to a problem that does not exist. Meanwhile the inventors are cashing in, people jump on the train afraid to miss it, without ever having shown a single application that we can use. Or even better: an application that we need.
It now seems they are offering a solution to a problem that does not exist. Meanwhile the inventors are cashing in, people jump on the train afraid to miss it, without ever having shown a single application that we can use. Or even better: an application that we need.
Before the mass ETH shilling, Ethereum were marketed as a supplementary Alt coin to Bitcoin offering the best solution for Smart contracts.... now everyone is selling it to people as goat piss and a wonder
cure for all things Crypto. I would not pay too much attention to all these pumpers, because they are just into this for the quick profits. How many merchants do you know of that accepts ETH? ...and as you
said, name one significant application using Ethereum.
March 17, 2016, 01:55:18 PM
yes,its smart contract,etherum will be a very good and competitive altcoin,and maybe can compete bitcoin soon,but today etherum price going down,someone can tell me that tomorow etherum price will rise again?
It will be quite difficult to predict whether tomorrow its price will increase or not, the price volatility is one of the nature of cryptocurrency, i believe thats why trading can also be considered as gambling, because we can't be really sure what will happen next
March 17, 2016, 01:39:56 PM
everything you can do on other altcoin, it can always be done on bitcoin, altcoin are only good for testing new stuff, if it is a good stuff, bitcoin will absorb it
altcoin are good as a guinea pigs
altcoin are good as a guinea pigs
Yeah you can absorb the good stuff as long you get consensus and we know how hard that has been recently
March 17, 2016, 01:19:21 PM
Rootstock will render ethereum completely useless. (im pretending eth actually has real world use right now)
http://rootstock.io
http://rootstock.io
March 17, 2016, 01:15:02 PM
yes,its smart contract,etherum will be a very good and competitive altcoin,and maybe can compete bitcoin soon,but today etherum price going down,someone can tell me that tomorow etherum price will rise again?
March 17, 2016, 12:05:18 PM
On ETH the creator of the smart contract can remove it at will.
March 17, 2016, 11:58:55 AM
It is a smart contract so it cannot be broken.
Jump to: