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.
Topic: ETH is good for BTC - page 3. (Read 2361 times)
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
While Ethereum has been seen as a competitor to BTC, the DAO crowd sale is about to reach its first price increment and it has already raised 65M USD. The USD price of ETH and BTC have both risen. This shows that there in not a predatory relationship occurring but rather a symbiotic one. The two serve diverse enough needs that they can grow by offering enough of what the other cant. I know the DAO is still a concept and could easily fail. So was BTC when it was first proposed and despite all the skepticism it succeeded. The DAO is a valid objective. What BTC offers is the most accessible and secure network. I hope more energy is focused on how the two ecosystems can evolve symbiotically and ignore the wasted energy of predation while there is a world of fiat to colonize.
I would very much agree with all that has been said.
Eth is a regulatable form of bitcoin in my opnion. It has its benefits, but ultimately, I feel as thought eth is the banks giving us a bank approved version of what we already had.
ETH is good for BTC.
They do the yeoman's work of mopping up all the transactions and market cap that won't fit in a 1MB Bitcoin, this keeps us decentralized and free from censorship.
They do the yeoman's work of mopping up all the transactions and market cap that won't fit in a 1MB Bitcoin, this keeps us decentralized and free from censorship.
Agreed the DAO is a highly risky preposition, as much as it potentially solves, it also opens itself to risk of the community making the wrong decisions. That said BTC is rather slow at implementing new ideas, not a bad thing because you get less risk. Time will tell if the DAO community is up to the task, but nothing ventured nothing gained.
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
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 only reason why ETH hasnt dropped is because everyone buying ETH right now is converting to DAO and thus cannot sell ETH. However, I beleive that ETH and BTC will rise in correlation in the future.
Apologies I see i locked the topic by accident.
In the space of 2 hrs DAO funding has jumped 10M and BTC and ETH both Up!
In the space of 2 hrs DAO funding has jumped 10M and BTC and ETH both Up!
The recent days the price of both bitcoin and ethereum has been rise great. I consider ETH as a good coin because sometimes it brings profit when trading bitcoin to etherum and vise versa. The difference between these two are the confirmation time, eth is much faster.
Ethereum has it's place in the Crypto currency market, but it's definitely not a competitor for Bitcoin. The only reason why it has seen some more growth, was because it was hyped up like crazy. That
said, I honestly think they should not try to compete as a currency but should focus on their strong points { Smart Contract and Decentralized Application Platform } At this moment Ethereum is way
too complicated for the average consumer to understand, and that will lead to it's downfall, if they attempt to go mainstream. Bitcoin is already challenging enough and Ethereum is even more
difficult to grasp.
said, I honestly think they should not try to compete as a currency but should focus on their strong points { Smart Contract and Decentralized Application Platform } At this moment Ethereum is way
too complicated for the average consumer to understand, and that will lead to it's downfall, if they attempt to go mainstream. Bitcoin is already challenging enough and Ethereum is even more
difficult to grasp.
While Ethereum has been seen as a competitor to BTC, the DAO crowd sale is about to reach its first price increment and it has already raised 65M USD. The USD price of ETH and BTC have both risen. This shows that there in not a predatory relationship occurring but rather a symbiotic one. The two serve diverse enough needs that they can grow by offering enough of what the other cant. I know the DAO is still a concept and could easily fail. So was BTC when it was first proposed and despite all the skepticism it succeeded. The DAO is a valid objective. What BTC offers is the most accessible and secure network. I hope more energy is focused on how the two ecosystems can evolve symbiotically and ignore the wasted energy of predation while there is a world of fiat to colonize.
+1 right here. anything that increases new BTC usage , is good for BTC. excitement and sentiment are good for new investment.
While Ethereum has been seen as a competitor to BTC, the DAO crowd sale is about to reach its first price increment and it has already raised 65M USD. The USD price of ETH and BTC have both risen. This shows that there in not a predatory relationship occurring but rather a symbiotic one. The two serve diverse enough needs that they can grow by offering enough of what the other cant. I know the DAO is still a concept and could easily fail. So was BTC when it was first proposed and despite all the skepticism it succeeded. The DAO is a valid objective. What BTC offers is the most accessible and secure network. I hope more energy is focused on how the two ecosystems can evolve symbiotically and ignore the wasted energy of predation while there is a world of fiat to colonize.
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