Is Ethereum going to Die? - page 7. | Bitcointalksearch.org

andriarto

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Quote from: Meta anggraini on June 29, 2021, 07:28:25 PM

Quote from: mamahdedeh on June 23, 2021, 11:39:52 PM

Quote from: Sayeds56 on June 23, 2021, 08:26:55 PM

Quote from: Meta anggraini on June 23, 2021, 07:36:27 PM

~

If you look at the number of new project being launched om Binance smart chain since past 6months that will tell you the whole story. I agree that Ethereum is a Big network and big name in crypto Industry but the way its fee is rising it will force New projects to go to alternatives like Polkadot and Matic. The Ethereum 2.0 may reduce the Transaction fee but that remains to be seen.

It is logical that if consumers want an effective and efficient network, of course they will look for something like BSC which is more efficient in transfer fees. but so far ethereum still has faith in crypto, so I think it's very hard to die

Its cant be die unless all node shutdown the network, the problem is if many users leave the network, it will lead to that condition. So, we hope ETH 2.0 come soon and really solve the problem.

I think ethereum already has plans to develop its products, until now many still believe in it, it's just that yesterday the ethereum network had a high gas rate, but for me it was just a temporary problem and will eventually be resolved with new innovations later

Meta anggraini

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Quote from: mamahdedeh on June 23, 2021, 11:39:52 PM

Quote from: Sayeds56 on June 23, 2021, 08:26:55 PM

Quote from: Meta anggraini on June 23, 2021, 07:36:27 PM

~

If you look at the number of new project being launched om Binance smart chain since past 6months that will tell you the whole story. I agree that Ethereum is a Big network and big name in crypto Industry but the way its fee is rising it will force New projects to go to alternatives like Polkadot and Matic. The Ethereum 2.0 may reduce the Transaction fee but that remains to be seen.

It is logical that if consumers want an effective and efficient network, of course they will look for something like BSC which is more efficient in transfer fees. but so far ethereum still has faith in crypto, so I think it's very hard to die

Its cant be die unless all node shutdown the network, the problem is if many users leave the network, it will lead to that condition. So, we hope ETH 2.0 come soon and really solve the problem.

Sophiya

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of course he will not die, it is still a reliable network, but recently his popularity has been decreasing, and the same BSC, on the contrary, is increasing

DrBeer

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Quote from: slaman29 on June 29, 2021, 02:14:35 PM

Quote from: DrBeer on June 28, 2021, 08:09:30 PM

The problem is that today Ethereum cannot offer a real solution to its problems. And the new alts, in addition to supporting smart contracts, with a fairly simple migration of smart contracts, offer many more interesting features on their platforms. At the same time, the developers of Ethereum, now all efforts are thrown into solving the balance of the cost of transactions, and subchains, which are implemented by default in many alternatives. The question is - for the survival of Ethereum, it must have really unique features in order not to lose its positions and defeat competitors. BUT. Instead of developing features, the key tasks of the system are currently far from new functionality, but only fix problems. What is much inferior to competitive projects

I find it weird I'm starting to defend ETH a lot these days but I've personally been convinced that they offer the right solutions at an approach that is conservative enough. Very similar people argue Segwit and LN were not real solutions to scalability problems (but they were!).

I think ETH is ultimately wrong do go POS but I'm happy they did and we can find out if that really is viable for security.

I think fixing problems as they come is a privilege for bit networks:)

This is not a defense, this is a real assessment of the situation, slightly seasoned with personal preferences

Conservatism in such a dynamic and volatile market can create big, or rather, irreparable problems. 5 years ago, no one thought that in the crypto world there might be something from the "great" other than bitcoin. But time has shown that bitcoin is certainly a "fundamental" system, but functionally it is already far behind progressive concepts.

slaman29

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Quote from: DrBeer on June 28, 2021, 08:09:30 PM

The problem is that today Ethereum cannot offer a real solution to its problems. And the new alts, in addition to supporting smart contracts, with a fairly simple migration of smart contracts, offer many more interesting features on their platforms. At the same time, the developers of Ethereum, now all efforts are thrown into solving the balance of the cost of transactions, and subchains, which are implemented by default in many alternatives. The question is - for the survival of Ethereum, it must have really unique features in order not to lose its positions and defeat competitors. BUT. Instead of developing features, the key tasks of the system are currently far from new functionality, but only fix problems. What is much inferior to competitive projects

I find it weird I'm starting to defend ETH a lot these days but I've personally been convinced that they offer the right solutions at an approach that is conservative enough. Very similar people argue Segwit and LN were not real solutions to scalability problems (but they were!).

I think ETH is ultimately wrong do go POS but I'm happy they did and we can find out if that really is viable for security.

I think fixing problems as they come is a privilege for bit networks:)

prabhu-pawar

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Why do you think that it is going to die in 2021? I know price is an important factor, but for a second disregard it. Back in march and April, everyone was claiming ETH, BTC, insert altcoin was going to the moon and everyone will be rich. That was a few months ago and price plays with emotions.

Xampeuu

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Quote from: mhine07 on June 28, 2021, 08:23:21 PM

Quote from: Sayeds56 on November 18, 2020, 11:28:29 PM

I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

It think its impossible for the etherium to die, because most of the projects now are in etherium base. Now that its value got higher than before and etherium is one of the best investments for a long term. As of now etherium is one of my best choice in choosing to invest my money and i have it in my wallet.

right, currently ethereum is still ranked second after bitcoin, and we can see that this year's peak exceeds the previous peak price. Besides that, with many investors who believe in eth, I think it is difficult to shift eth, especially now that eth gas has gone down

mhine07

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Quote from: Sayeds56 on November 18, 2020, 11:28:29 PM

I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

It think its impossible for the etherium to die, because most of the projects now are in etherium base. Now that its value got higher than before and etherium is one of the best investments for a long term. As of now etherium is one of my best choice in choosing to invest my money and i have it in my wallet.

DrBeer

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The problem is that today Ethereum cannot offer a real solution to its problems. And the new alts, in addition to supporting smart contracts, with a fairly simple migration of smart contracts, offer many more interesting features on their platforms. At the same time, the developers of Ethereum, now all efforts are thrown into solving the balance of the cost of transactions, and subchains, which are implemented by default in many alternatives. The question is - for the survival of Ethereum, it must have really unique features in order not to lose its positions and defeat competitors. BUT. Instead of developing features, the key tasks of the system are currently far from new functionality, but only fix problems. What is much inferior to competitive projects

Ngewex Yuk

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Quote from: xayan123 on June 19, 2021, 10:26:06 AM

People thought bitcoin was going to die 5 or 10 years back. You never know what the future holds for ethereum. It's a vast ecosystem now, things could change really fast.

Everything that lives will die, that's for sure, ethereum and crypto will die, maybe it will be replaced with something else. The big problem for me is can I get any benefits before I die?

terrific

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Quote from: hichamito37 on June 28, 2021, 01:27:24 AM

ETH is the best altcoins I've ever known. ETH's dead, this really can't happen. High fees are not eth killing problems. I believe vitalik will overcome that next year and bring ETH back to the throne of altcoins.

The fees have came down, look at BSC and it is now the one being crowded which is for sure making the fees high.
Eth fee is now low and it is the top of all altcoins, it is bery unlikely that it will be dead.

hichamito37

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ETH is the best altcoins I've ever known. ETH's dead, this really can't happen. High fees are not eth killing problems. I believe vitalik will overcome that next year and bring ETH back to the throne of altcoins.

john1010

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It will not, Ethereum has a solid community, platform and partners, but I always doubt that many of the erc20 token that are using the smartchain could be, and many of the old project has been died already and they are gone, that is the saddest part, there are so many good project before but now, they are not existing and the others are discontinued it is because of the old time problem of eth chain, very slow, and the high transaction fee, and that is the problem that ethereum must be address.

aditasetia123

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how many times ethereum said to be die , i am heard since few years ago while there are alot competitors in market. We see now matic, solana , binance smart chain and other platform that trying to compete and replace etheereum platform , but most of them didn successfully 100% . Ethereum still be king and even community being greater than before

Flowzer

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Quote from: CokeCoin on June 24, 2021, 06:50:02 AM

The main problems of Ethereum are high commissions and slow scalability - problems that EOS is solving better. But first of all the altcoins are tied to Ethereum and secondly it keeps developing, moving to Proof-of-Stake will solve lots of Ethereum problems (not all of them of course). For EOS there are still a lot of goals to reach but in future it will definitely be the main Ethereum competitor. I don't think any of these coins will die

It could be solved with EOS 2.0 and the PoS mechanism, but if it too long to be developed than i doubt people want to wait that long.
For EOS, its have a unique thing on the network like account based rather than address based, but its also something that prevent people to use the network since u need to pay some dollars to create the account.

DrBeer

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Quote from: Sayeds56 on November 18, 2020, 11:28:29 PM

I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

Now Ethereum resembles a Colossus with feet of clay. On the one hand, it is essentially the founder of samart-projects. He has a great story, millions of fans and so on. On the other hand, there is an uncontrolled rise in the cost of gas for transactions, a slowdown in the network ... Well, and many other, small, but unpleasant "moments". How they will fix it - there is no clear picture yet. But the market needs change. And now Ethereum has become hostage to its popularity.

hodap

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Quote from: Sayeds56 on June 24, 2021, 05:48:29 AM

Quote from: Farma on June 24, 2021, 01:02:32 AM

Quote from: Meta anggraini on June 23, 2021, 07:36:27 PM

Quote from: fvb on June 23, 2021, 04:28:18 PM

Can't figure it out. How can he be dead if there are so many different projects tied to him? Used by many users and traded in many places. This is a giant network.

Agree, the possibility only if the network became very slow and very expensive then the users and project will leave the network.
Otherless its impossible for a huge network like Ethereum to be died.

sometimes, people are tired of waiting for the development of a coin until they think like that. I also once thought that the price of ethereum would fall down. however, right now I wouldn't think so. I think it will only make us hesitate in holding coins. I used to think like that, and lost the moment to sell ethereum at such a high price. Right now, I don't want to lose that moment again.

You are absolutely right that people are tired of waiting for Ethereum upgrade to complete and see some improvement in its transaction speed resulting in reduction in fee but it is not happening. Let's hope that this upgrade comes to an end and upon completion, meets expectations of Ethereum Investors/Traders.

This is the biggest bottleneck Ethereum is now fighting with and the users and investors are becoming more and more impatient. Understandably they start to lose trust slowly and we need an urgent upgrade as soon as possible. It has been said already though that it will take at least another year.

CokeCoin

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The main problems of Ethereum are high commissions and slow scalability - problems that EOS is solving better. But first of all the altcoins are tied to Ethereum and secondly it keeps developing, moving to Proof-of-Stake will solve lots of Ethereum problems (not all of them of course). For EOS there are still a lot of goals to reach but in future it will definitely be the main Ethereum competitor. I don't think any of these coins will die

Sayeds56

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Quote from: Farma on June 24, 2021, 01:02:32 AM

Quote from: Meta anggraini on June 23, 2021, 07:36:27 PM

Quote from: fvb on June 23, 2021, 04:28:18 PM

Can't figure it out. How can he be dead if there are so many different projects tied to him? Used by many users and traded in many places. This is a giant network.

Agree, the possibility only if the network became very slow and very expensive then the users and project will leave the network.
Otherless its impossible for a huge network like Ethereum to be died.

sometimes, people are tired of waiting for the development of a coin until they think like that. I also once thought that the price of ethereum would fall down. however, right now I wouldn't think so. I think it will only make us hesitate in holding coins. I used to think like that, and lost the moment to sell ethereum at such a high price. Right now, I don't want to lose that moment again.

You are absolutely right that people are tired of waiting for Ethereum upgrade to complete and see some improvement in its transaction speed resulting in reduction in fee but it is not happening. Let's hope that this upgrade comes to an end and upon completion, meets expectations of Ethereum Investors/Traders.

killerfrost

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Quote from: vermigerous on June 24, 2021, 01:15:22 AM

I think it's not easy for a top coin to easily die although it's still possible, however for a top coin to die it must first lose its market value and it's volume supply in the market. Ethereum has a big potential, even it decrease it's price for now, it cannot die easily since it started in a point that it has low value.

We all understand how it stands for this market. In my opinion, ETH will always be the altcoin with the largest position in the market, in general its changes are very significant over time.

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