is ETH 'too big to fail'? | Bitcointalksearch.org

shursight

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Quote from: SleepMachine on April 01, 2018, 07:10:38 PM

I do not care about the size. I focus on the feartures. If it is a good coin which can be used in life, it will not die. ETH is one of them.

But for a newbie, ethereum is not easy to use. Even bitcoin is easier because you can use mobile wallets or any other stuff. Ethereum wallet (MEW) Is a mess, i am always having trouble with it, and i have been in cryptos for more than five years.

SleepMachine

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I do not care about the size. I focus on the feartures. If it is a good coin which can be used in life, it will not die. ETH is one of them.

seymenyunus16

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This is only market cycle. Just relax and look the Big movement of btc. Similar movements all the time. I think ETH is pretty similar to BTC. Both are big and their names advertise themselves. If there will be something better than ethereum (it already exists, but much more less popular) than ethereum team will just adapt and upgrade their project.

svojoe

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einc.io

I believe that the fall of ETH is a temporary phenomenon. This coin is very strong and in demand for ICOs. The growth of the market will bring a very large increase to this coin. We have to wait until the market is restored.

olumyd

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Eth is too big to fall until other projects begin to switch to new smart contract based blockchain like ADA or WAVES and NEO to host their projects.

sedou

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I believe has to introduce some sort of fee like 5k to be able to have ICO because there are too many scams going on that just cash out instantly.

Pom_bensin

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Quote from: Koontas on February 19, 2018, 05:16:02 PM

Quote from: European Central Bank on February 19, 2018, 01:44:53 PM

bitcoin's value is based on its monetary properties and less on its technical qualities. as long as it functions as advertised then 'good enough' is a powerful incentive to keep refining it. it only has one job to do.

ethereum is of course huge too, but its fundamental value proposition is utility. it's effectively a software platform, not money.

since that's the case then is the case for it being usurped by something that does the job better higher than bitcoin?

if something that doesn't require learning a new language, is much more foolproof, that addresses scaling and blockchain bloat comes along with enough oomph does it have a shot at unseating ETH or is everyone now incentivised enough to make ethereum the one?

personally i don't think ethereum's future in fully in the bag and people are learning more and more every day. what do you think?

I also think that ETH can not fail. Because if it would fail this would mean that all ETH based projects will die. This would be end of crypto. Cheesy

it can be a big problem if the eth fails, but I will not be sure if eth fails. eth can be a good bitcoin companion coin in cryptocurrency and have a nice future for price and sales

hdclover

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www.bitcoin.org

Quote from: prabakharras on March 30, 2018, 02:02:49 PM

Look at the success of kitties
Obviously there is potential
https://www.coingecko.com/en/price_charts/ethereum/usd

The problem here is ETHEREUM is not effectively used to build Dapps on it's platform instead people are using it as an ICO raising coin. This is actually bad for Ethereum because ICO owners won't care anything about ETH, they just need $$$ in their account. For this reason they dump their ETH holdings.

prabakharras

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Look at the success of kitties
Obviously there is potential
https://www.coingecko.com/en/price_charts/ethereum/usd

xIIImaL

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Quote from: European Central Bank on March 30, 2018, 11:32:30 AM

Quote from: LaLegiste on March 30, 2018, 11:01:26 AM

The announced adoption of ERC-20 tokens by Coinbase is a good support for ETH after the wave of ICO ads bans. Anyway half of Coinmarketcap's top 100 are ERC-20 tokens and too big part of ICOs runs on ETH platform, so i think ETH is really too big to fail now.

The vast majority of those tokens are worthless and are gonna get slaughtered in the coming rout.

I wouldn't class them as an aid to ethereum's value going forward. Great demonstration, terrible 'investment'.

The main thing we're gonna take away from this in the aftermath is how it was even more empty a pump than 2013 was which is really saying something.

There are few people only saying that time bump will not be live longer in the market and consider like 2013 dump bro.

Since those useless project in the market we will not be able to find the right project which has the potential to bump.

I expect the ethereum will be go back to its peak value buddy. No need of fear for the cheap dump move done by the whales.

Karartma1

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Quote from: European Central Bank on March 30, 2018, 11:32:30 AM

Quote from: LaLegiste on March 30, 2018, 11:01:26 AM

The announced adoption of ERC-20 tokens by Coinbase is a good support for ETH after the wave of ICO ads bans. Anyway half of Coinmarketcap's top 100 are ERC-20 tokens and too big part of ICOs runs on ETH platform, so i think ETH is really too big to fail now.

The vast majority of those tokens are worthless and are gonna get slaughtered in the coming rout.

I wouldn't class them as an aid to ethereum's value going forward. Great demonstration, terrible 'investment'.

The main thing we're gonna take away from this in the aftermath is how it was even more empty a pump than 2013 was which is really saying something.

In the end when most of ICO tokens will start to crumble, and they will, the whole Ethereum ecosystem will be shaken but, on the long run, the Ico debacle will turn into a positive thing. Still waiting to see what Eth real value is

European Central Bank

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Quote from: LaLegiste on March 30, 2018, 11:01:26 AM

The announced adoption of ERC-20 tokens by Coinbase is a good support for ETH after the wave of ICO ads bans. Anyway half of Coinmarketcap's top 100 are ERC-20 tokens and too big part of ICOs runs on ETH platform, so i think ETH is really too big to fail now.

The vast majority of those tokens are worthless and are gonna get slaughtered in the coming rout.

I wouldn't class them as an aid to ethereum's value going forward. Great demonstration, terrible 'investment'.

The main thing we're gonna take away from this in the aftermath is how it was even more empty a pump than 2013 was which is really saying something.

LaLegiste

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https://eloncity.io/

The announced adoption of ERC-20 tokens by Coinbase is a good support for ETH after the wave of ICO ads bans. Anyway half of Coinmarketcap's top 100 are ERC-20 tokens and too big part of ICOs runs on ETH platform, so i think ETH is really too big to fail now.

WorldBiz project

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No, it’s still very turbulent market and even ETH can drop

kingzpro

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Eth is here to stay alongwith btc, do not worry about the price at the moment, if you are a real supporter of eth platform, also current fall was due to overall market correction, im sure we will have good times ahead.

Bencus

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Almost nothing is too big to fail, and Crypto is not an exception. Eth is not too big to fail for sure.
But it gains value from the network it created, and is significantly expanding. So i's say it will only fail, if it will stay the same for ever.

LEINADbtc

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I believe that's correct.
Although anything can happen to be honest. If everything just gets washed up, ETH will too.
But I doubt it will ever happen lol

blumkinnn

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Quote from: Mrt2018 on March 14, 2018, 04:11:51 PM

Yes. I believe it is too big to fail. It has solid foundations and countless new projects growing on top of it. It might go down but won't fail.

Yes, from a reduction in the price, no one is immune. But the Etherium is already a very large crypto currency, which legally takes the second method, after Bitcoin. I do not think that this coin can disappear without a trace.

daxiake

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Ethereum came out to address problems of the first-generation blockchain by introducing the innovative concept like the smart contracts and soon became first choice blockchain for ICO's.
If BTC is value over the blockchain then ethereum is like relationships over the blockchain. It a platform that has all the spark to beat BTC.

jashley

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Quote from: romero121 on February 20, 2018, 03:11:59 AM

Ethereum is big, because it contributes around 20% to the entire cryptocurrency under circulation. Another thing, with ETH as the base lot of other tokens too have gained good popularity as well growth. In this context Eth could grow rather than a fail.

Yes you are right with that one because ETH is so fundamentally good to fail like other altcoins out there right now I think the market is starting to bull but I hope it is not bulltrap if this bullish is really true we will see ETH will set it's new ATH.

pigheadbig

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I read somewhere that there are more than 10% of circulating supply are controlled by the ICO dev teams, it seems many of them are selling these ETH to get reward. So I think the price of ETH will not be very high unless they stop doing that.

SunJAB

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Yes, I think so. ETH is indeed a strong coin on the cryptocurrency market through blockchain technology. This is a potential coin and powerful force. ETH is used by many people and invested in it to find a profit. Regardless of the market, ETH remains the safest coin and the least risky. I'm sure it is.

Mrt2018

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Yes. I believe it is too big to fail. It has solid foundations and countless new projects growing on top of it. It might go down but won't fail.

Idrisu

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Ethereum is really too big to fail. We can see that no matter what happens ethereum and bitcoin still remain strong because of the way people believe in it. Many investors are holding they assets in ethereum tokens because of the way we believe in it and to me that is what really matters.

faatipoke

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yes definitely it is. "too big to fail" is great expression. There is a huge communitiy and developers and foundation behind ethereum and it gives me confidence. I believe this big community will find a solution if there is any technical or legal or any other problem happens in the ecosystem

Moreover there are a lot of erc-20 tokens around and most of them are really good projects with good teams. We can consider those into that community I said in the first paragraph

John456

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ETH will get back end of 2018 about 2500 $ for sure

kom1231

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The ether can be transformed together with the development of people, so I think it has a great future

Nagricoin

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I think - not, really not.
To big to fail - we can say about USD or CHU.
But also - you cann't earn money on the USD, but on ETH - can.

EastSound

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for me eth already established a very solid foundation, it got so many supports from many investors so there is no chance that it will fail.

iTradeChips

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In my own opinion, Ethereum really is totally different from Bitcoin, as with other cryptocurrencies they are different from each other. So with that said then Ethereum needs not compete with Bitcoin but will evolve indepentdent of the said coin.

Crypto_lion

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There is nothing guranteed here in this world .Why do you think there's a saying "Change is unchangeable". That being said if they keep evolving then they should be fine .

Ashleybarnes2

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I don't think any company in the world is too big to fail other than the central banks I think and that is only due to the central banks having nobody to answer too so I dont think anything in this space is too big too fail

Beparanf

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Burpaaa

Quote from: uservalera on March 11, 2018, 04:51:08 PM

I think ETH the next couple of years will be stable in the top three best coins, many believe in it,
and there is still no coin that can replace it fully

ETH being used by many platforms in investing in ICO and as a still have along way to go, it already marked as the 2nd top crypto that will rule the technology in terms of making transaction.

uservalera

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I think ETH the next couple of years will be stable in the top three best coins, many believe in it,
and there is still no coin that can replace it fully

alaricoin

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ether can never jump. almost all the ico turn on blockchain ether. If ether stops then all the created societies must die.

julianAm

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Quote from: Dragonrage201 on March 11, 2018, 02:47:21 PM

ETH is probably 'too big to fail' with thousands of projects on its platform for the coming years. It has the first mover advantage that is very hard to compete for others.

I don't think that any projects can to help if all world will decide to crash crypto. Or if ETH team make any "big fall". Once again fork for example Grin

Dragonrage201

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ETH is probably 'too big to fail' with thousands of projects on its platform for the coming years. It has the first mover advantage that is very hard to compete for others.

r95222

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Quote from: vasil777 on March 11, 2018, 02:08:36 PM

Quote from: European Central Bank on February 19, 2018, 01:44:53 PM

bitcoin's value is based on its monetary properties and less on its technical qualities. as long as it functions as advertised then 'good enough' is a powerful incentive to keep refining it. it only has one job to do.

ethereum is of course huge too, but its fundamental value proposition is utility. it's effectively a software platform, not money.

since that's the case then is the case for it being usurped by something that does the job better higher than bitcoin?

if something that doesn't require learning a new language, is much more foolproof, that addresses scaling and blockchain bloat comes along with enough oomph does it have a shot at unseating ETH or is everyone now incentivised enough to make ethereum the one?

personally i don't think ethereum's future in fully in the bag and people are learning more and more every day. what do you think?

It seems to me that ETH is a very promising currency. the company has clear pay and tasks. In the project team, there are many cleverly acclaimed people who can provide a stable job for this company. I think such a giant as ETH for a long time will occupy a leading position in the market cryptology

ETH will be leader while team make huge count of work for support and development. Now Plasma Cash and transfer to PoS. Later something else. If they will stop then ETH will die. All is simple

vasil777

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Quote from: European Central Bank on February 19, 2018, 01:44:53 PM

bitcoin's value is based on its monetary properties and less on its technical qualities. as long as it functions as advertised then 'good enough' is a powerful incentive to keep refining it. it only has one job to do.

ethereum is of course huge too, but its fundamental value proposition is utility. it's effectively a software platform, not money.

since that's the case then is the case for it being usurped by something that does the job better higher than bitcoin?

if something that doesn't require learning a new language, is much more foolproof, that addresses scaling and blockchain bloat comes along with enough oomph does it have a shot at unseating ETH or is everyone now incentivised enough to make ethereum the one?

personally i don't think ethereum's future in fully in the bag and people are learning more and more every day. what do you think?

It seems to me that ETH is a very promising currency. the company has clear pay and tasks. In the project team, there are many cleverly acclaimed people who can provide a stable job for this company. I think such a giant as ETH for a long time will occupy a leading position in the market cryptology

bandar

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No it's not. Just wait until Vitalik leaves the ship just because the ship is populated too much with greedy vermins. Or wat until some moron presses the wrong button and 100k eth is lost. Or when some exchange gets hacked, or... What do you consider too big to fail? Not being used anymore? That won't happen very quicky. Not being around 500-1000$ each? Might happen if you consider the fact that it was <$50 a year ago. Don't consider yourself rich just because you bought 2 eth at 500... Roll Eyes

burdeN

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I think ETH is pretty similar to BTC. Both are big and their names advertise themselves. If there will be something better than ethereum (it already exists, but much more less popular) than ethereum team will just adapt and upgrade their project.

Raziel444

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Yes i believe so. with its success come its continuous development, though it is already built in solid foundation and has what it takes to have a bright future.

AVAMONEY

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Quote from: juicejoyce on March 11, 2018, 11:12:00 AM

In my opinion, there is no coin that is too big to fall, you can see both btc and ETH dropped from a very high price, many other altcoins dropped even badly, so if most investors think it will drop, there is no other ways to stop that.

Maybe yes, but Ethereum was being supported with solid investor. I don't think chaos on market can making Bitcoin become dead, it will also happen to Ethereum either. In recent time, price was fall dip, but Ethereum still stable so far. I can say putting money to invest in Ethereum same as profitable as in Bitcoin.

juicejoyce

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In my opinion, there is no coin that is too big to fall, you can see both btc and ETH dropped from a very high price, many other altcoins dropped even badly, so if most investors think it will drop, there is no other ways to stop that.

MfzbCoin

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It's obvious that there's no need for so many substitution COINS in the market, so sell all

cryptorobbo

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I bet that if we come to the point when ETH fails, it will be either due to diversification between familiar platforms, offering much or less the same features, which imo gonna happen within next 5 years (NEO, Strat, Waves, ZIL, WAN, TomoChain, DragonChain etc) and that will be good for blockchain, either all crypto fails, because ETH have too big impact in the crypto world to just fail.

apur688

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I don't think so, ethereum is one of the top altcoin. Many people have tried ethereum for trading and investing. Many investors both big and small are incorporated in it. They believe that ethereum is an altcoin with the best prospects and potential for enormous success. Ethereum never reached more than $ 1000 / eth. By launching its own platform, ethereum is becoming more successful and more and more are looking to try ethereum. Although the current price of ethereum is down, but just keep your altcoin in 2 months, guaranteed ethereum prices will return to normal, even rising drastically. That's all my opinion, thank you

jacaf01

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I don't think so, mostof these ICOs has Ethereum to thank because it was able to simplify the ICO process without you having your own platform, but the issue here is none of these tokens have real world use so far and another thing to consider here is that it is getting expensive to use the platform because the transaction fee is increasing and if one of the so called Ethereum Alternatives is able to solve the scaling and transaction issue, developers may jump ship and will have effect on the platform

dulari1

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ETH is now reached to the point from where it cant be failure .
but yes in future they may be another coin with better network may replace ether position ,
but in that case too ether will be stable .

wuclx

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With all the ICOs on its back, it's really hard to see ETH fail at this point. It may need to regain some strength for further growth, but in my opinion ETH is for the blockchain what javascript is for the browser.
Despite its flaw and despite the 'better' alternatives, it will stay dominant for a long era to come.

bitcoinposts

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Eth is built on solid foundation and right direction Eth Mainly because of smart contracts ERC20 tokens Eth based coins are coming daily 20 to 50 coins per day so Etherum future look so bright

Socioman

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I think that the etherium at the moment is a very good and useful project that is developing. This year we will have many events. But do not forget that such projects already exist. Maybe in 2019 some platform will eclipse it.

nsasuiteb

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No, I think eth is still too little, there is more chance for rising than decreasing in the long term. Bitcoin is also not too big, you should look at market capitalization of big companies.

zoiapisya

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quarkchain.io

Vitalik Buterin created perhaps the most important platform in the crypto industry after bitcoin. Do you still think that this is a scam? that's funny

hdclover

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Don't look at the current situation or don't check ETH/BTC pair as of now because it is being butchered by the king BTC. ETH is definately a better solution for most of our problems but still BTC bull run can kill this coin for a shorter time. So patience is the key and wait for ETH season which would probably come after BTC season gets over.

Ms Emi

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What? What? What? Whats the point? Cryptos' future is uncertain, but the point is people and coin owner or creator is looking for another way of using their coin beside on pure business, their price may be crushed today but the certain point is people are still into it and that's a big factor.

hlk251

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Quote from: YinShuiSiYuan on February 20, 2018, 01:56:10 PM

At the moment, eth is the best solution for business applications. Most projects are based on eth. He has so much confidence among investors that he can not be a failure.

agree

YinShuiSiYuan

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At the moment, eth is the best solution for business applications. Most projects are based on eth. He has so much confidence among investors that he can not be a failure.

ArifBestari

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I would not say 'too big', but too trusted. Many use it. It is not 100% guarantee, but makes failure less likely

bananadines

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Ethereum is not too big to fail in my opinion. It is one of the greatest coins with a great long term perspective. Everyone who holds their Ethereum for a couple of years will see some nice profit!

redwhite037

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Yep. ETH is the largest compared to the present. 80% altcoin thing used by ETH platform. bitcoin the remaining 10% are the other platforms. It is very difficult for ETH to collapse or fail Tongue

European Central Bank

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plenty of good points. i guess ethereum's master stoke was the erc20 thing. that makes ethereum indispensable to a large proportion of the other projects out there.

even if something better did come along, it's unlikely everyone will migrate. having said that it's early days still so there are millions of projects that don't exist yet. they're likely to head to ethereum all the same.

Oakey22

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I think ETH is getting to the point now that it is becoming huge in the crypto space, everyone i know that talks about bitcoin keep refering to ETH too and LTC so the news must be getting out there.

I could see the value drop to around $100 though as everything is so speculative.

lokinator

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Like others have mentioned; nothing is "too big to fail." Is it likely that ETH will fail anytime soon? No. Is it possible? Sure.

The future of any crypto is uncertain. Just like the future of any business, country or even society is uncertain. The end/death of anything is always more likely during it's infancy. And, by all accounts, crypto in general, is still in it's infancy.

Matic

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https://eloncity.io/

Eth is very solid right now & with all the development going on and has an advantage for being "first".
Who knows what will happen in the future, but I don't expect we'll have only one smart contract crypto. There will be huge competition here, which is great.

RoooooR

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for now all i can say is ETH is very promising to the point that it can surpassed it's full potential. More and more big companies are acknowledging it's potential to lead the market but i believe it will be taking so much time. but to think more and more cryptos are entering with an ETH platform is a good indicator the ETH has very very strong stand when it comes to being a solid cryptocurrency coin.

Mister k

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Nothing is "too big to fail". If Ethereum fails to evolve, it will be replaced by a better technology, and even if some projects will stay on Ethereum because they won't have the possibility to change and adapt to new standards, it won't stay number one. There's already some other technologies that are under development and are much more performants, we'll have to wait and see whether Ethereum can keep the pace or not.

t1Zona

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IMO, yes it's too big to fail. Ethereum is now spread incredibly in many projects, there is a great community working on it, for me the technology and its potential is amazing.

Having said that, I like the sentence "it's too big to fail", since we all know that other stuff that was too big too fail, they actually failed. So, always better to be a little bit sckeptical

man22555

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I think we should define what is meant by "fail".

Ofcoure, the value of Ethereum might - like any other coin - dump to zero. But will the devs stop working then? Ofcourse not. They don't care about the fiat value, like others mentioned before, it has a lot of utility. Even if every single coin would lose its value, the projects would still grow further & further.

qazgroup

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RiveMont

I personally believe that Ethereum is a stand out project in crypto sphere and we know the team of developers behind this project is one of the best, so i think this year we will see Eth growing to newer heights.

MV7

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At this point, I would say so.

Just look at the amount of ICOs and coins running on the ETH platform. We're far every away from another platform taking over eth, even if they might technically be better platforms. Sort of like how there are many technically better coins than btc, but it's still the number 1 coin in terms of market share / use.

Pierre 2

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I think ethereum isn't that big at all comparing to global markets. You can also compare it to bitcoin as its much smaller.
It is undeniable hard to think crypto markets without Ethereum as it gives life to many tokens but I don't think it is impossible to bring down it.

Hallmader

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It is not about Ethereum too big to fail. It is about Ethereum having something to put on the table. The cryptocurrency world is being dominated by Ethereum-based coins. This only means that Ethereum is already playing a very vital role in the entire crypto setup. And the full potential of Ethereum is still not yet maximized. There are still a lot of huge companies out there planning to join the Ethereum blockchain community. I think we are going to see Ethereum in the $2,000 level in a month or two.

romero121

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casinosblockchain.io

Ethereum is big, because it contributes around 20% to the entire cryptocurrency under circulation. Another thing, with ETH as the base lot of other tokens too have gained good popularity as well growth. In this context Eth could grow rather than a fail.

DogTheHunter

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I think it's good that Solidity learns more. It's growing much faster than the ecosystem.

ICO-Master

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Filter the wheat from the chaff.

I have said from the last 3 months, eventually when the real crypto bubble bursts, it will be made out of ether and all these so called tokens will just vaporize.

GlassMaster

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Quote from: European Central Bank on February 19, 2018, 01:44:53 PM

bitcoin's value is based on its monetary properties and less on its technical qualities. as long as it functions as advertised then 'good enough' is a powerful incentive to keep refining it. it only has one job to do.

ethereum is of course huge too, but its fundamental value proposition is utility. it's effectively a software platform, not money.

since that's the case then is the case for it being usurped by something that does the job better higher than bitcoin?

if something that doesn't require learning a new language, is much more foolproof, that addresses scaling and blockchain bloat comes along with enough oomph does it have a shot at unseating ETH or is everyone now incentivised enough to make ethereum the one?

personally i don't think ethereum's future in fully in the bag and people are learning more and more every day. what do you think?

Here the founders said that everything in zero can fall, and we are talking about prospects. Ether certainly is good no one and does not argue, and the price is growing at a slow pace, there is a risk but not such that it completely dies or is zero.

Koontas

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Quote from: European Central Bank on February 19, 2018, 01:44:53 PM

bitcoin's value is based on its monetary properties and less on its technical qualities. as long as it functions as advertised then 'good enough' is a powerful incentive to keep refining it. it only has one job to do.

ethereum is of course huge too, but its fundamental value proposition is utility. it's effectively a software platform, not money.

since that's the case then is the case for it being usurped by something that does the job better higher than bitcoin?

if something that doesn't require learning a new language, is much more foolproof, that addresses scaling and blockchain bloat comes along with enough oomph does it have a shot at unseating ETH or is everyone now incentivised enough to make ethereum the one?

personally i don't think ethereum's future in fully in the bag and people are learning more and more every day. what do you think?

I also think that ETH can not fail. Because if it would fail this would mean that all ETH based projects will die. This would be end of crypto. Cheesy

AllthewayUUppp

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Quote from: European Central Bank on February 19, 2018, 01:44:53 PM

bitcoin's value is based on its monetary properties and less on its technical qualities. as long as it functions as advertised then 'good enough' is a powerful incentive to keep refining it. it only has one job to do.

ethereum is of course huge too, but its fundamental value proposition is utility. it's effectively a software platform, not money.

since that's the case then is the case for it being usurped by something that does the job better higher than bitcoin?

if something that doesn't require learning a new language, is much more foolproof, that addresses scaling and blockchain bloat comes along with enough oomph does it have a shot at unseating ETH or is everyone now incentivised enough to make ethereum the one?

personally i don't think ethereum's future in fully in the bag and people are learning more and more every day. what do you think?

Well fundamentally speaking ETH was really and has no reason to fail why because they had a great team with a plans in a future. Bitcoin survive for a very long time without that and I know will ETH will do more after 5-10 years.

cryptor47

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Quote from: MoonIsBlue on February 19, 2018, 02:56:30 PM

Quote from: European Central Bank on February 19, 2018, 01:44:53 PM

bitcoin's value is based on its monetary properties and less on its technical qualities. as long as it functions as advertised then 'good enough' is a powerful incentive to keep refining it. it only has one job to do.

ethereum is of course huge too, but its fundamental value proposition is utility. it's effectively a software platform, not money.

since that's the case then is the case for it being usurped by something that does the job better higher than bitcoin?

if something that doesn't require learning a new language, is much more foolproof, that addresses scaling and blockchain bloat comes along with enough oomph does it have a shot at unseating ETH or is everyone now incentivised enough to make ethereum the one?

personally i don't think ethereum's future in fully in the bag and people are learning more and more every day. what do you think?

I think in both situations you have to regard Bitcoin and Ethereum as a network. The more people join Bitcoin, the more valueable the network is, the more people build on Ethereum, the more valueable Ethereum is. I wouldn't say Ethereum is too big to fail though, there are certainly alternatives that work really well/better in some aspects and since its all quite early we might see less companies join Ethereum in a few years and more companies use other blockchain platforms, as there are more companies coming out that connect existing infrastructure (blockchains) it wouldn't really matter to a company to use Ethereum or another blockchain as they can still communicate with their client thats on another blockchain. So we'll have to see. Ethereum has potential though to outgrow any other crypto including Bitcoin, but Bitcoin has relatively low competition as opposed to Ethereum. Most people see Litecoin for example as complimentary to Bitcoin and Bitcoin Cash isn't taken very seriously (though I personally think we will see more of them). But with BaaS platforms we see clear competion.

This are very good points. Ethereum also has the advantage of being the first smart contract platform and some other competing projects will have to try very hard to dethrone eth.

bob3772

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Quote from: European Central Bank on February 19, 2018, 01:44:53 PM

bitcoin's value is based on its monetary properties and less on its technical qualities. as long as it functions as advertised then 'good enough' is a powerful incentive to keep refining it. it only has one job to do.

ethereum is of course huge too, but its fundamental value proposition is utility. it's effectively a software platform, not money.

since that's the case then is the case for it being usurped by something that does the job better higher than bitcoin?

if something that doesn't require learning a new language, is much more foolproof, that addresses scaling and blockchain bloat comes along with enough oomph does it have a shot at unseating ETH or is everyone now incentivised enough to make ethereum the one?

personally i don't think ethereum's future in fully in the bag and people are learning more and more every day. what do you think?

Heard too big to fail and immediately started thinking of banks and then the cost to the altcoin market if Ethereum would fail. Was trying to work out how a scenario could arise where Eth was saved by other coins in the market.

Now I know that's not what we were getting at here... Eth like many is replaceable but it has a big headstart in that it's already working and has huge support. If something comes along that is more user friendly or offers a faster and cheaper service then it only stands to reason that ETH will have a battle on its hands to remain top dog.

MoonIsBlue

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Quote from: European Central Bank on February 19, 2018, 01:44:53 PM

bitcoin's value is based on its monetary properties and less on its technical qualities. as long as it functions as advertised then 'good enough' is a powerful incentive to keep refining it. it only has one job to do.

ethereum is of course huge too, but its fundamental value proposition is utility. it's effectively a software platform, not money.

since that's the case then is the case for it being usurped by something that does the job better higher than bitcoin?

if something that doesn't require learning a new language, is much more foolproof, that addresses scaling and blockchain bloat comes along with enough oomph does it have a shot at unseating ETH or is everyone now incentivised enough to make ethereum the one?

personally i don't think ethereum's future in fully in the bag and people are learning more and more every day. what do you think?

I think in both situations you have to regard Bitcoin and Ethereum as a network. The more people join Bitcoin, the more valueable the network is, the more people build on Ethereum, the more valueable Ethereum is. I wouldn't say Ethereum is too big to fail though, there are certainly alternatives that work really well/better in some aspects and since its all quite early we might see less companies join Ethereum in a few years and more companies use other blockchain platforms, as there are more companies coming out that connect existing infrastructure (blockchains) it wouldn't really matter to a company to use Ethereum or another blockchain as they can still communicate with their client thats on another blockchain. So we'll have to see. Ethereum has potential though to outgrow any other crypto including Bitcoin, but Bitcoin has relatively low competition as opposed to Ethereum. Most people see Litecoin for example as complimentary to Bitcoin and Bitcoin Cash isn't taken very seriously (though I personally think we will see more of them). But with BaaS platforms we see clear competion.

European Central Bank

legendary

Activity: 1288

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bitcoin's value is based on its monetary properties and less on its technical qualities. as long as it functions as advertised then 'good enough' is a powerful incentive to keep refining it. it only has one job to do.

ethereum is of course huge too, but its fundamental value proposition is utility. it's effectively a software platform, not money.

since that's the case then is the case for it being usurped by something that does the job better higher than bitcoin?

if something that doesn't require learning a new language, is much more foolproof, that addresses scaling and blockchain bloat comes along with enough oomph does it have a shot at unseating ETH or is everyone now incentivised enough to make ethereum the one?

personally i don't think ethereum's future in fully in the bag and people are learning more and more every day. what do you think?

Topic: is ETH 'too big to fail'? (Read 618 times)