Is Ethereum a threat to BTC??? - page 5.

Shimeka30

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Quote from: Scott J on May 05, 2017, 11:13:48 AM

Ethereum is a threat to Bitcoin's supremacy, though its different attributes mean it will probably not replace it.

Quote from: OmegaStarScream on May 05, 2017, 11:06:20 AM

Ethereum is not meant to be an electronic cash but bitcoin is.

I'm pretty sure the line has changed to Bitcoin now being a settlement layer, rather than e-cash. I wonder what it will be changed to next? Grin

I don't think the line has change to bitcoin, because as you can see bitcoin still the strongest digital currency in this industry. And still only bitcoin has a big establishment in bitcoin community worldwide. So, How come that Ethereum is a threat into bitcoin?

bitorama

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that's two different things, we don't have smart contract in btc

RieL

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I think maybe it is a yes but i don't consider the "ethereum" as a threat although i support the ethereum too.these two cryptos will help not us but also the blockcgains system the reason why is by the help us this two cryptos other people will notice of its existence on every people on the planet. We are currently living on the cryptos world so let settle that they are no good or bad crypto currencies it just how you will use it

VeeraS

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The difference in market growth is what drives some people to suggest that Ethereum quickly become the biggest rival.
Bitcoin for the top spot in the crypto world in Crete.

Actually, Bitcoin's age may be a barrier and even sparked a debate about how to measure Bitcoin's network in order to accommodate the rapidly growing pool of Bitcoin users and transactions get very hot.
With Bitcoin still relying on many of the original codes, other cryptocurrencies can take into account the traps that Bitcoin experienced when developing their own systems.

mangodream

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Ethereum will not replace Bitcoin but it will pursue its current role: be the central and driving platform of the smart contract technology.

olliejjc16

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It's not a threat both can co-exist together. Ethereum and Bitcoin have very different purposes, whether Ethereum might pass out bitcoin in marketcap is less certain but possible!

CowboyKiller

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Quote from: aeternus on August 30, 2017, 01:43:47 PM

Quote from: Denov Setu on August 29, 2017, 06:57:38 AM

As they both have different platform so, I don't think that Etherium is a threat to Be,, But as Etherium price is increasing so it is possible to reach the BTC value and even cross it

No that is never going to happen people were speculating with that possibility for quite some time and now look where the two coins are bitcoin is so far away from ETH that the possibilities of ever reaching bitcoin have gotten lower and all of this happened in a matter of weeks.

Why impossible? I think if Bitcoin have problems, Ethereum community will take advantage that opportunity for pump it's price to the to moon, even pass the total marketcap is possible (I do not think Ethereum can pass price of Bitcoin, because the total marketcap of Etherereum in that future will be very high and not reasonable).

aeternus

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Quote from: Denov Setu on August 29, 2017, 06:57:38 AM

As they both have different platform so, I don't think that Etherium is a threat to Be,, But as Etherium price is increasing so it is possible to reach the BTC value and even cross it

No that is never going to happen people were speculating with that possibility for quite some time and now look where the two coins are bitcoin is so far away from ETH that the possibilities of ever reaching bitcoin have gotten lower and all of this happened in a matter of weeks.

owocki

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i always think its funny when a BTC maximalist tries to sell BTC's broken governance as 'immutability' and 'store of value'. what happens when a quantum computer comes out that breaks bitcoin's POW algorithm and BTC needs to upgrade? lack of governance is a bug, not a feature.

yes, ethereum is a threat to bitcoin. its faster, cheaper, and it's got working governance.

Erowind

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I think ethereum will surpass bitcoin sometime in the next 3-5 years, imagine if you could have pegged a market value to TCIP in in the early-mid 1970s. Bitcoin will still crush banks though XD

tabas

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Quote from: angaper on August 29, 2017, 05:48:04 PM

Quote from: tabas on August 29, 2017, 05:02:43 PM

Quote from: ?? on ??

Quote from: tabas on August 28, 2017, 07:27:19 PM

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ethereum is not a threat to bitcoin. I think new adopters of BTC will grow faster than the convertors from BTC to Eth. Plus I don't think that is possible to Etherum to take the leading position one day.

I don't know why people keep on putting ethereum and bitcoin at the same stage. Bitcoin will never be replaced by any fast growing alt coin. Alt coins will be on the second thought by everyone. Bitcoin will be the main stage of crypto currency and I can't see any threat from other alt coins as well because this is the main crypto coin.

I have no argue about that. Both are built on different platforms. BTC is an amazing investment, but you need a ton of money to see something difference. In another case, ethereum a growing platform. One of the biggest evident reason is most of the ICOs are on the basis of ethereum. which through for sure that you are going to make good profit 10x more than BTC even very short time. But, Bitcoin always mother of all altcoins for sure.

Yeah ETH is successful because of the smart contracts and each ICO's or tokens are basing on it's platform. But it doesn't matter at all, why? Because it's still helping to pump bitcoin's demand, you'll have to buy those tokens or join those ICO's with bitcoin and that's why it's affecting bitcoin but in a positive way and it's not a threat.

Therefore I believe that both coins will be closely united and accompanying among them in the long road that still has to run the altcoin market to consolidate as valid and reliable options for the exchange of goods and services as well as the store of value.

I also think that if Ethereum was destined to displace the bitcoin from its hegemonic place this would have already happened and we should be watching the decline of the price of bitcoin in favor of the price of ethereum, which is not happening nor seems to happen at least in the medium term.

It is why bitcoin will not be threaten with ETH or any other alt coins. The fact that many are relying to ETH and keeps on spreading FUD that says "ETH will replace bitcoin", "ETH is the new btc", "ETH is a threat to btc?" these are being brought up because of many projects that are being consolidated with ETH but they are not noticing bitcoin's growth.

jerkoin

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I'd say definitely yes but only with one doubt which is the immaturity of the solidity language which is kinda prone to attack as we've recently witnessed a few and even from Ethereum themselves. Terrible! But still have no idea if apps using the clone version of the Bitcoin code have ever been hacked or attacked before or something. I'm not sure, though Sad

angaper

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Quote from: tabas on August 29, 2017, 05:02:43 PM

Quote from: ?? on ??

Quote from: tabas on August 28, 2017, 07:27:19 PM

Quote from: ?? on ??

ethereum is not a threat to bitcoin. I think new adopters of BTC will grow faster than the convertors from BTC to Eth. Plus I don't think that is possible to Etherum to take the leading position one day.

I don't know why people keep on putting ethereum and bitcoin at the same stage. Bitcoin will never be replaced by any fast growing alt coin. Alt coins will be on the second thought by everyone. Bitcoin will be the main stage of crypto currency and I can't see any threat from other alt coins as well because this is the main crypto coin.

I have no argue about that. Both are built on different platforms. BTC is an amazing investment, but you need a ton of money to see something difference. In another case, ethereum a growing platform. One of the biggest evident reason is most of the ICOs are on the basis of ethereum. which through for sure that you are going to make good profit 10x more than BTC even very short time. But, Bitcoin always mother of all altcoins for sure.

Yeah ETH is successful because of the smart contracts and each ICO's or tokens are basing on it's platform. But it doesn't matter at all, why? Because it's still helping to pump bitcoin's demand, you'll have to buy those tokens or join those ICO's with bitcoin and that's why it's affecting bitcoin but in a positive way and it's not a threat.

Therefore I believe that both coins will be closely united and accompanying among them in the long road that still has to run the altcoin market to consolidate as valid and reliable options for the exchange of goods and services as well as the store of value.

I also think that if Ethereum was destined to displace the bitcoin from its hegemonic place this would have already happened and we should be watching the decline of the price of bitcoin in favor of the price of ethereum, which is not happening nor seems to happen at least in the medium term.

tabas

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Quote from: ?? on ??

Quote from: tabas on August 28, 2017, 07:27:19 PM

Quote from: ?? on ??

ethereum is not a threat to bitcoin. I think new adopters of BTC will grow faster than the convertors from BTC to Eth. Plus I don't think that is possible to Etherum to take the leading position one day.

I don't know why people keep on putting ethereum and bitcoin at the same stage. Bitcoin will never be replaced by any fast growing alt coin. Alt coins will be on the second thought by everyone. Bitcoin will be the main stage of crypto currency and I can't see any threat from other alt coins as well because this is the main crypto coin.

I have no argue about that. Both are built on different platforms. BTC is an amazing investment, but you need a ton of money to see something difference. In another case, ethereum a growing platform. One of the biggest evident reason is most of the ICOs are on the basis of ethereum. which through for sure that you are going to make good profit 10x more than BTC even very short time. But, Bitcoin always mother of all altcoins for sure.

Yeah ETH is successful because of the smart contracts and each ICO's or tokens are basing on it's platform. But it doesn't matter at all, why? Because it's still helping to pump bitcoin's demand, you'll have to buy those tokens or join those ICO's with bitcoin and that's why it's affecting bitcoin but in a positive way and it's not a threat.

BitcoinNational

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I don't think Etherreum will catch up bitcoin one day. It's the first, not perfect but il will remain a solid value in the cryptocurrencies world.

kchulani

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I agree with Shyliar what Bitcoin Cash has done is inexcusable. But now whats done is done lets see what materializes in the next couple weeks and months.

-Ethereal

adChain

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It seems to me they are in not competitive at all, it would be like comparing Michael Jordan to Tiger Woods. They were both top athletes in their respective sports but they aren't directly comparable except as an analogy. Ethereum offers the ability to create smart contracts while Bitcoin is the superior digital gold. My two cents.

shyliar

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Quote from: Netnox on August 29, 2017, 11:00:32 AM

Right now, the major threat for Bitcoin is from Bitcoin Cash and not from any other altcoin. If anyone is having any doubt regarding this, then please check the hash rates of all these coins. And talking about Ethereum, I have a feeling that ETH is an inflated balloon, which can burst at any time.

Anybody who thinks pointing at the hashrate of Bitcoin Cash means much should really read this article:

https://bitcoinmagazine.com/articles/miners-are-milking-bcashs-difficulty-adjustments-and-why-problem1/

Unfortunately, the EDA bug is currently unfixable because it requires miners to adopt a new version of software during a hardfork. Why would they adopt the new version when it's not to their advantage? The only way to solve the problem is a large increase or decrease in price. Likely, a large decrease will happen. Why would it increase when the developers of Bitcoin Cash have proven a level of incompetency by programming this bug in the first place?

Things may settle down once the price drops extremely low for a prolonged period of time. Until then hugh swings in hashrate will continue.

Netnox

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Right now, the major threat for Bitcoin is from Bitcoin Cash and not from any other altcoin. If anyone is having any doubt regarding this, then please check the hash rates of all these coins. And talking about Ethereum, I have a feeling that ETH is an inflated balloon, which can burst at any time.

IamHigh

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Quote from: Haxor321 on August 29, 2017, 10:02:08 AM

For me it will become threat if many people use ETH rather than bitcoin.Bitcoin sinks in to users mind that no matter what happens they will only use bitcoin even though that ETH has an high value and even it grows it will not be in the level of bitcoin.Even though there are many users of ETH still bitcoin is the frontliner pof Cryptocurrency.

I read some news about ethereum and I started to believe that ethereum can exceed bitcoin in terms of market cap within 3 years. I didn't used to think and assume this before. Whales is being waited for ethereum price rally. Yet, this doesn't mean bitcoin will die due to ethereum.

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