Topic: If a Fork happens Ethereum could GAIN DOMINANCE as #1!!!!! (Read 659 times)

This isn't that of an unlikely scenario but at least Bitcoin users that were cautious enough to put their funds in addresses they control will be able to claim any added value by tokens created on bitcoin's blockchain. Thankfully, with BIP91 on the way this probably is far from reality.

No i don't think ethereum will be number one if a fork happen on bitcoin's network because there are some reasons ethereum will be fail
1. Cryptocurrency ICOs are a Risk

Even though virtually every company or project looking to raise money wishes to conduct an Ethereum-based ICO, these crowdsales can have negative repercussions. A lot of these projects will eventually liquidate the amount of ETH raised and dump it all on the market. Not only will this affect the Ether price negatively, but it also shows Ethereum is merely a facilitator to raise funds, rather than technology in which these companies believe.

It is only a matter of time until the influx of cryptocurrency ICOs backfires on the Ethereum ecosystem. There is no guarantee that any of these projects have legitimate intentions, and any bad PR will automatically taint Ethereum’s reputation further. While it is true that Ether allows people from all over the world to invest in ICOs, there is never a guarantee for success.

2. Exploits and Weaknesses

Even though many companies have joined the Ethereum Enterprise Alliance, they are not necessarily aware of the issues this network has. We have seen two major exploits discovered and used, both of which resulted in massive amounts of funds being stolen. The first exploit was the DAO smart contract bug, and the second exploit showed how Ethereum has no secure multisignature wallet solution currently.  Immature technology often suffers from issues like these.

3. No Supply Cap

Contrary to what some people may assume, there is no official hard cap on the amount of ETH. While proof-of-work will be replaced by proof-of-stake in the future, Ethereum will continue to be inflationary as a result. Unlike Bitcoin, with its 21 million hard cap, Ethereum has no fixed maximum supply. This means the value of every individual ETH lowers every time a new coin is brought into circulation. In this regard, Ethereum is quite similar to fiat currencies, even though its level of inflation is significantly lower.

4. Not an Immutable Blockchain

The main selling point of Ethereum is how it provides blockchain technology and new features to the entire world. One of the primary aspects of using a blockchain is that this ledger creates an undisputed record of events which can no longer be altered once the information has been accepted and confirmed by the rest of the network. That is no longer the case for Ethereum, and it is surprising how few people recognize this important detail.

Ethereum’s developers introduced a hard fork after the DAO was hacked. This hack put a large amount of the available ETH supply at risk of falling into the wrong hands. The hard fork also removed the immutability aspect of the Ethereum blockchain. This means that any application or project built on top of the Ethereum blockchain could see part of its history or transactions wiped out if a similar incident were to occur. People looking for the immutable Ethereum blockchain should look into Ethereum Classic, which was maintained as an ideological opposition to this blockchain rollback.

it's really possible that ETH could get to #1. but btc will surely get back to it's feet since btc will share the same fate as ETH back then, btc will rose to the up again after the hard fork.

If the fork succeeds, there will be no 2 blockchain. If the fork fail, there will be 2 blockchain. you should better read more articles about this event before claiming some statement here. Segwit2x success = 1 blockchain. And there is 80% that it will easily pass this event

You say that like its a bad thing, but I can guarantee you that it only matters to some paranoid anti establishment bitcoin geeks and not the mainstream. Bitcoin or altcoins need to cater to the mainstream not the geeks to gain dominance.

Also FYI ethereum can be a better store of wealth as long as its value increases faster than bitcoin and faster than its inflation. Also that inflation is reduced as a percentage of the whole supply each time a block is created since its a linear reward.

If a fork happens that just mean that there now is a better version but someone still likes the old one.

LMAO.  Of all coins to think that would happen to.

Etherium is the only coin I know of that has forked, and has a Etherium and a Etherium Classic.  I'm sure if the same thing happened to BTC, they would figure it out just like ETH has.  It won't cause a collapse of BTC.  And there are more reasons than just the price that makes BTC the standard currency.  Its because it is actually being used as a currency in many places.  If ETH grows to have a higher value than BTC, which if it happens, good for ETH.  But that won't all of a sudden change all the places accepting BTC to take Etherium instead. 

A few years ago the Canadian Dollar was worth more than the US Dollar.  That didn't make 1 bit of difference in which is the dominant currency.  Cryptocurrencies are the same.  Unless some devs and others really push to make an altcoin more accepted at businesses ect than BTC, BTC will always remain the king.   Personally I would love to see someone get an alt to be a widespread accepted coin.  Right now I would think the only one that has any bit of that would be LTC, maybe Etherium, but I can't say I have seen it accepted anywhere as of yet.

May be you are right if hard fork happen btc price will come down and may be ETH get to the 1st position for sometime but I am sure when all this will happen BTC will surely start to grow again and I am also sure on that it will take its position back soon because now BTC is brand and day by day btc is getting popularity around the world and I am sure BTC will rule this crypto currency world for sure.

I noticed a lot of you guys spreading ETH as the best coin ever. I am pro-ETH and pro-BTC at the same time. Is that a problem?

What I don't like to hear is when you guys trying to pit ETH and BTC against each other. Why, can they not exist alongside each other?

C'mon, when you promote ETH by pulling BTC down or spreading some FUD about BTC, you are not doing any service to crypto at all. You are only discrediting something which people won't simply turn away, ever.

Good question even i am also looking for that i am not expert to speculate exactly may the things happened with ethereum like after hard fork splitted into ETH and ETC most probably happens . Based on research if i hold private key where i can choose the split  coin which i can go ahead . Please Correct me if i am wrong.

Market cap maybe, but not store of wealth. Ethereum has unlimited coin creation so it's like the FED and Vitalik is like Janet Yellen.

Rubber hoses and the Russian military (or any valid life threat to Vitalik) unfortunately can change Ethereum

This is getting all too crazy! If a fork happens, this could cause the market cap to split into two and increases the chance of ethereum being in the number one spot for market cap! Any thoughts on this? Forking also creates 2 brands of an original item. It almost like Nike clothing splitting and they rebrand themselves as Nike Classic and Nike Modern. Which one does the uneducated consumer buy?