Topic: ETH is good for BTC - page 2. (Read 2360 times)
I mine Ethereum with GPU, then I sell Ethereum to buy bitcoin and use bitcoin. So that will increase the value of bitcoin.
ethereum has a developer with a very huge stash of coins who stop at nothing to dump his coins at the best opportunity.
how can this be good for anything!
how can this be good for anything!
Honestly, I was quite scared for Bitcoin when ETH was doing well. Now I just see it as a way of helping people see how Bitcoin is better and making the price go up.
I was afraid too, because when ETH was going very well the bitcoin price crashed and i was afraid that the bitcoin traders are going to move to ethereum and leave bitcoin. But seems that it was not how i thought, but still ETH is having a good success especially this week when the price increased for about 10%
i would never invest in something that has a limitless supply (ETH).
i would never invest in a DAO where 99% of the people dont even know what DAO means. probably it is a great gamble - good luck
Why I’ve Resigned as a Curator of the DAO
https://medium.com/@gavofyork/why-ive-resigned-as-a-curator-of-the-dao-238528fbd447#.yx9w9u7wl
You've never ever held savings in fiat? Yup of course you have so scratch the first limitless supply lie. i would never invest in a DAO where 99% of the people dont even know what DAO means. probably it is a great gamble - good luck
Why I’ve Resigned as a Curator of the DAO
https://medium.com/@gavofyork/why-ive-resigned-as-a-curator-of-the-dao-238528fbd447#.yx9w9u7wl
So you personally know and have analysed the intelligence of at least 99% of all DAO investors and asked them all what does DAO mean. Nope didn't think so.
Honestly, I was quite scared for Bitcoin when ETH was doing well. Now I just see it as a way of helping people see how Bitcoin is better and making the price go up.
I was afraid too, because when ETH was going very well the bitcoin price crashed and i was afraid that the bitcoin traders are going to move to ethereum and leave bitcoin. But seems that it was not how i thought, but still ETH is having a good success especially this week when the price increased for about 10%
I suppose ETH could've been even better for Bitcoin with some kinds of integrations or something instead of issuing a new token. At this point though it feels as if Ethereum has the network effect (or at least mindshare) for the smart contracts ecosystem. It's getting bigger everyday and it's starting to look like Bitcoin in relation to other altcoins when compared to other smart contracts projects. I personally have no investment in Ethereum so I don't mind either way.
Honestly, I was quite scared for Bitcoin when ETH was doing well. Now I just see it as a way of helping people see how Bitcoin is better and making the price go up.
I was afraid too, because when ETH was going very well the bitcoin price crashed and i was afraid that the bitcoin traders are going to move to ethereum and leave bitcoin. But seems that it was not how i thought, but still ETH is having a good success especially this week when the price increased for about 10%
Why is this discussed here in Bitcoin Discussion?
Imo this belongs to the altcoin section.Doesn't matter how hard op tried to create a topic about an alt with bitcoin in connection!
Eth is still way overhyped! And all that DAO, DAPP CRAP DOs Don'Ts bla bla bla is a hell of a scheme created by some vampires to suck all of crypto money they can from the dummies.
Imo this belongs to the altcoin section.Doesn't matter how hard op tried to create a topic about an alt with bitcoin in connection!
Eth is still way overhyped! And all that DAO, DAPP CRAP DOs Don'Ts bla bla bla is a hell of a scheme created by some vampires to suck all of crypto money they can from the dummies.
Totally agree!
I have recently read a nice post (can't find it anymore) where someone stated that Bitcoin is rather a digital value storage like Gold, while Ethereum is something like oil or gas. This is the best explanation I have read so far and I agree to this. As a result of this, both are actually no competitors, rather they cross-fertilize.
I have recently read a nice post (can't find it anymore) where someone stated that Bitcoin is rather a digital value storage like Gold, while Ethereum is something like oil or gas. This is the best explanation I have read so far and I agree to this. As a result of this, both are actually no competitors, rather they cross-fertilize.
Lol. Oil and gas are used and actually needed by society, ETH is just a shitcoin that nobody outside of crypto gives a fuck about.
To be fair, bitcoin was more or less just a shitcoin that nobody outside crypto cared about.
Honestly, I do not know, good for Ethereum Bitcoins or not. At its core, it's still different coins for different needs. Is that the dissemination of information about the Ethereum, promotes the spread of information about krptovalyute as a whole, and may be interested in people and Bitcoin including.
Ethereum is inovation for cryptos and not bitcoin only, there are some coins who made on platform ethereum.
Totally agree!
I have recently read a nice post (can't find it anymore) where someone stated that Bitcoin is rather a digital value storage like Gold, while Ethereum is something like oil or gas. This is the best explanation I have read so far and I agree to this. As a result of this, both are actually no competitors, rather they cross-fertilize.
I have recently read a nice post (can't find it anymore) where someone stated that Bitcoin is rather a digital value storage like Gold, while Ethereum is something like oil or gas. This is the best explanation I have read so far and I agree to this. As a result of this, both are actually no competitors, rather they cross-fertilize.
Lol. Oil and gas are used and actually needed by society, ETH is just a shitcoin that nobody outside of crypto gives a fuck about.
it is funny how stories about ethereum changed over time, at first (by the time of eth pump when there was all the drama+FUD about bitcoin) the price of bitcoin went down and they said bitcoin is dying and ETH WILL replace it then eth was pumped like crazy.
now that the drama (until the next drama of course
) is over and bitcoin is rising the stories change into "ETH is good for BTC" and also talk of relationship between the two lol
p.s. this topic is altcoin related by the way
now that the drama (until the next drama of course
) is over and bitcoin is rising the stories change into "ETH is good for BTC" and also talk of relationship between the two lolp.s. this topic is altcoin related by the way
Honestly, I was quite scared for Bitcoin when ETH was doing well. Now I just see it as a way of helping people see how Bitcoin is better and making the price go up.
Exactly whichever cryptocurrency avance we have it is better for crypto as a whole and also for BTC, as it creates awareness. Real competition will happen when almost everyone uses crypto and they have to compete for supremacy.
The thing is it likely won't matter what happens with the other alts when it comes to how Bitcoin will change in value. The alts will compete against each other, but Bitcoin will more than likely remain the gold standard of cryptos, and always have a value relatively higher than all the other cryptos that exist. Bitcoin exists more as a store of value and a sort of proof-of-concept, while alts can aim to do everything better. 
Exactly whichever cryptocurrency avance we have it is better for crypto as a whole and also for BTC, as it creates awareness. Real competition will happen when almost everyone uses crypto and they have to compete for supremacy.
DOA will be the most epic crash in the crypto history. This will has definitely negative action to bitcoin. 55 million and maybe more to create a decentralised blockchain locker? lol 
i would never invest in something that has a limitless supply (ETH).
i would never invest in a DAO where 99% of the people dont even know what DAO means. probably it is a great gamble - good luck
Why I’ve Resigned as a Curator of the DAO
https://medium.com/@gavofyork/why-ive-resigned-as-a-curator-of-the-dao-238528fbd447#.yx9w9u7wl
The limitless supply is killer for me on Eth (I will probably mine it though) and lisk seems like it is built for corruption (101 members pick the rules and can vote out others), I love NXT and wish it would shine a lot more, these crypto contracts are only boosting Bitcoin as well.i would never invest in a DAO where 99% of the people dont even know what DAO means. probably it is a great gamble - good luck
Why I’ve Resigned as a Curator of the DAO
https://medium.com/@gavofyork/why-ive-resigned-as-a-curator-of-the-dao-238528fbd447#.yx9w9u7wl
Its funny as these "limitless supply" arguments are never made against the fiat you so gladly cash out. Myself, I think having a reasonable amount of growth is a good thing if you want a usable currency in the future. With the DAO absorbing up to 10% of the ETH (granted it will at some point be released back into the market) we can already see that 100 million of a currency is not all that much. If a few other projects come down the line taking such shares, over half of the supply could get locked up easily.
Then there is also the question of mass adoption. Right now Bitcoin's 21 million and Ethereum's current ~80 million supply seem like large numbers only because of cryptocurrecny's small user base. If and when this user-base grows significantly, these numbers will become rather limiting. Just for an example, lets suppose that one of the every 100,000 household's in the US would want to own just one whole unit of each of these coins, there would not be enough supply to meet the demand. Then we have the rest of the world. So the too big of a supply argument is ultimately just FUD and a narrow minded view of the world.
It doesn't have to be "either, or" when it comes to crypto currencies. Though there isn't any specific reason for anyone to use Ethereum, it doesn't detract from Bitcoin or any other currency.
I believe that an ecosystem of currencies is far more healthier than have one dominant platform
I believe that an ecosystem of currencies is far more healthier than have one dominant platform
Ethereum is good for Bitcoin, Bitcoin is good for Ethereum. It's a symbiotic relationship.
Ethereum will allow for better smart contracts and applications to be added to the cryptosphere, which in turn can help benefit the position Bitcoin puts itself in, along with all other cryptocurrencies. I personally think that Ethereum is being used primarily as another speculation crypto right now, though, and it still has a logn way to go before it is being used properly and it actually has a ~$9 value instead of being inflated from investors.
Ethereum will allow for better smart contracts and applications to be added to the cryptosphere, which in turn can help benefit the position Bitcoin puts itself in, along with all other cryptocurrencies. I personally think that Ethereum is being used primarily as another speculation crypto right now, though, and it still has a logn way to go before it is being used properly and it actually has a ~$9 value instead of being inflated from investors.
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