Is Rootstock about to make Ethereum irrelevant?

thejaytiesto

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Quote from: Slark on May 16, 2017, 09:59:41 AM

The main difference: Ethereum has smart contract now. Bitcoin will have this functionality only when Rootstock, will be enabled in the future.
There was the same positive attitude at the time SegWit was announced, we expected back then that SegWit activation will be a painless process.
So far we still struggle with SegWit acceptance as this solution is blocked by miners. So do we have any serious statement that Rootstock will be treated different that SegWit is?

Rootstock does not need segwit to function, so that is a non issue.

Also, Ethereum within itself is struggling constantly too. They are going to go through the difficulty bomb, fork to PoS, risk another split, and they already got ETC which sucks (having 2 coins makes the coin feel like a bit of a joke to be honest)

There is no such thing as no struggle, if your project is big enough, you are going to struggle constantly. Both BTC and ETH are big so both struggle.

Agrello

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Legally-Binding Smart Contracts for all

I do not think it will make Ethereum irrelevant as ETH has a huge community and a large sum of money, investors and other coins who have used the platform to build their own tokens. Apart from those aspects i believe it will take the attention away from ETH and start to show people that Bitcoin is capable of many things that other coins claim as their own. I am very excited for this progress.

pooya87

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Quote from: chain_chain on May 17, 2017, 11:37:47 PM

I'm not a big expert in this theme, so IDK. Can you tell me, what interesting projects are built on Rootstock, cause I've never heard about them. Most of the cryptos are build on the top of Ethereum, Bitcoin sometimes and maybe Emercoin.

start by reading this: http://www.rsk.co/
and if by "most of the cryptos" you mean all the new wave of ICO scams using ethereum platform for their crowdfunding to run away next, then i agree with you. all of them migrated to that platform because it made things very easy for them, and building a simple thing has became faster and easier for these scammers than to make a new altcoin from scratch and advertise it to get any money out of it.

chain_chain

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I'm not a big expert in this theme, so IDK. Can you tell me, what interesting projects are built on Rootstock, cause I've never heard about them. Most of the cryptos are build on the top of Ethereum, Bitcoin sometimes and maybe Emercoin.

aarturka

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Quote from: rkat55 on May 16, 2017, 10:47:33 AM

There is also Tezos coming out soon; they're ico is in June. Tezos is expanding on Ethereum.

so eth sheeple forsake eth and run for Tezos... then another shitcoin comes out and history repeated itself, ad infinitum. And only Bitcoiners never abandon bitcoin and hodl

rkat55

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Whatever comes out, I think active blockchains like Ethereum will continue to innovate and be relevant.

There is also Tezos coming out soon; they're ico is in June. Tezos is expanding on Ethereum.

Lauda

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Terminated.

Quote from: Slark on May 16, 2017, 09:59:41 AM

So far we still struggle with SegWit acceptance as this solution is blocked by miners. So do we have any serious statement that Rootstock will be treated different that SegWit is?

You are both a classic spammer. Comparing a soft fork with a sidechain. Roll Eyes

Rootstock does not need miner voting in its current form. Do some research before writing nonsense for pennies.

@OP: If it delivers what was promised, then yes.

aarturka

sr. member

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Quote from: Slark on May 16, 2017, 09:59:41 AM

The main difference: Ethereum has smart contract now. Bitcoin will have this functionality only when Rootstock, will be enabled in the future.
There was the same positive attitude at the time SegWit was announced, we expected back then that SegWit activation will be a painless process.
So far we still struggle with SegWit acceptance as this solution is blocked by miners. So do we have any serious statement that Rootstock will be treated different that SegWit is?

We should get rid once and for all of Bitcoin illness, cancer such as Roger Vermin and corrupt chinese miners like Jihad Wu. As one bitcoiner mentioned Jihad Wu is final boss on the way to complete success of Bitcoin. They are pretending to be bitcoin friends whereas sabotaging and impeding all Bitcoin enhancements.
Once we get rid of them and activate SegWit there will be no futher interferences on bitcoin absolute power all over the world. That's why we must not negotiate and collaborate with them and put any futher consensus except SegWit.

and no reason to compare ehtariumcoin and bitcoin. Even having smartcontracts eht doesn't have crucial characteristics that make Bitcoin valuable.

Slark

legendary

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The main difference: Ethereum has smart contract now. Bitcoin will have this functionality only when Rootstock, will be enabled in the future.
There was the same positive attitude at the time SegWit was announced, we expected back then that SegWit activation will be a painless process.
So far we still struggle with SegWit acceptance as this solution is blocked by miners. So do we have any serious statement that Rootstock will be treated different that SegWit is?

thejaytiesto

legendary

Activity: 1358

Merit: 1014

https://www.youtube.com/watch?v=_Hy1fy1vJxk

https://cointelegraph.com/news/bitcoin-scalability-issue-takes-new-turn-as-rsk-ready-to-release-ginger

Analogy: TCP/IP adds a secend layer protocol. HTTP.

RSK is to bitcoin what http is to tcp/ip.

This is the biggest thing to happen to bitcoin in a long time.

It adds ethereum smart contracts to bitcoin.

It scales bitcoin by a factor of 100x.

It will add a layer for ERC20 style tokens to bitcoin.

And it is just all around amazing technology

You want to save, use the main chain btc.

You want to transact, use smart bitcoin (rsk).

All in a completely automated fashion where everything happens behind the scenes, and all the user sees is pure awesomeness.

Also: You aren't risking your tokens to be hacked due an unforeseen turing complete bug, unlike ETH which natively operates on a turing complete blockchain.

How can ETH win?

Topic: Is Rootstock about to make Ethereum irrelevant? (Read 855 times)