Topic: Predict the date for the 'Flippening' - (Read 1704 times)

That's not true. Right now you can pay 74,580 satoshis and have your transaction confirmed in 30 minutes. And 74,580 satoshis is less than $2 now. I agree that it is still a lot when you want to transfer less than $50.

I also don't think market cap is such an important thing. The bitcoin is still the leader of all the cryptocurrency. Though ETH are getting more and more attention, most of them are from the ICO projects, I do not think it will be the leader. Any way, the date I guess is 15th July 9:00.

But ETH have fake market cap.

We all expecting this to happen within the next month or two and to have a shot at the prize i would say 29 th of JUNE 2017.

OP what prize are we likely to win cant find what it is we winning

To say that bitcoin hadn't any progress for 3 years is just a crap. I think everybody noticed how ETH grown already. And I used to buy couple of coins some month ago  So, I suppose there are no Bitcoin People and Etherum people, there are only crypto currency people who concentrated on all the market and do not give a priority just to one currency.

never.

the fact that you keep insisting about this topic on a bitcoin forum and on a bitcoin sub instead of posting it on the correct sub (being altcoin board) means you don't even believe this yourself and you are trying so hard to convince some uninformed people around here to possibly fall for it.

otherwise here is altcoin board: https://bitcointalk.org/index.php?board=67.0
and here is ethereum forum: https://forum.ethereum.org/
https://www.reddit.com/r/ethereum/

go there and enjoy your better crypto instead of wasting your time on a -quote- cripple bitcoin...-quote-

It could bethat the market cap of ETH goes over the market cap of BTC.

BUT, just make this little experiment, walk down a street and ask 100 people if they know bitcoin and ether.

I bet you that 80 will say they know bitcoin (from the news, it is the internet currency), and maby 2 people who know ETH.

So, that tells us two things:

• bitcoin is very well known, eth is not
• the people which know eth, know about bitcoin and I think in most cases they use it.

There will never be a "flippening". Even if it will take place, it will not last for long. Just HODL your Bitcoins guys and you will be safe in the long run... do you really imagine a world where people use a coin named Ethereum? Let's be serious, if there is a name for it that's Bitcoin

Bitcoin has been cripple by lunatics who are trying to take over.  It will operate as a 'store of value' (just like gold) for some time.  But as more and more systems are deployed on the Ethereum platform, people will continue to abandon bitcoin - even for the only good function for Bitcoin - store of value. 

The funny thing is everyone keeps saying bitcoin is good because of good merchant adoption and use as currency.  Use as currency is near zero. >$5 in transaction fees means for purchases less than $100 it is horrible.  Even if the fees were 0, the manner of paying via QR has very low adoption.  Bitcoin is a horrible currency.  Currency is the very dumbest of all the applications that can be built onto a blockchain.  Currency can easily be built onto Ethereum too.  But nobody gives a shit about that, they are working on important stuff instead. 

Well surely it wasn't easy to comprehend for me but what I understand is that you think Ethereum has much bigger potential than bitcoin, because BTC is only a currency and ETH is many things and only lastly a currency.

But why do you say that if I invest in bitcoin I "will lose a shitload of value as ETH continues to rise like crazy"? Maybe people who invest in ETH will earn more, that's possible, but I think bitcoiners will be in profit too.

Your blind love of 'decentralized' has led you down a bad path. 

Ethereum nodes are widely distributed and can be run by anyone.  It is decentralized.  But their team is organized.  Bitcoin has one big group of assholes who hate the other big group of assholes.  This makes for ZERO progress.  If you love decentralized zero progress, bet on Bitcoin.  Bitcoin is your horse.  If you love high function, highly organized development team that is building a decentralized platform, then Ethereum is the one to bet on. 

Bitcoin has vigorously proved that 'consensus' just means a forever impasse.  Bitcoin is literally going nowhere.  It is stuck and it is 100% immovable. 

Same here, i dont care if ETH would surpass bitcoins marketcap since this isnt my indication on which way would i go on both coins. Theres no sense on predicting because all of us can anytime engage on both coins. Yes, Eth is really awesome when it comes to development but i cant see that it would surpass bitcoin in a matter short span of time. Comparing 8 years coin to a nearly 2 years as far as i remember.

Since we are talking about market cap if it does happen I'll say it occurs within the next month or two or does not occur until the supply rate changes.
Ethereum is really the only one within shooting range of marketcap but I feel they are two different systems and in the future both will co-exist along with multiple others in the world of crypto-currency 8 years in there is a long way to go yet on this journey.

then stop calling it a cryptocurrency and start calling it token.
also the whole topic becomes useless since you are comparing a token with no usage with a currency called bitcoin with lots of usages and merchants. and you think this token can replace bitcoin!!!
and lets not forget how expensive it is to make an ethereum transaction because how its fees have grown over the past 3 months!

in other words ICOs which out of 100, 99 are scam and 1 is poorly designed project.

in other words ethereum is centralized.

Whether or not you can 'buy goods' with ETH isn't so interesting.  You merely need a counterparty who agrees.  It reminds me of the Lamborghini dealer who sells cars for bitcoin - who the fuck cares?!  That isn't an indicator that bitcoin is powerful and becoming widely accepted, it just means some Lamborghini dealer will handle the conversion to fiat on his end.  Yet the community takes this a 'proof' of bitcoin's versatility.  Not all in the Bitcoin community are so sharp.

Ethereum is a platform that will support many, many remarkable types of transactions and relationships between parties and especially where those relationships include transfer of value.  Bitcoin is similar, but the general purpose platform is very seriously limited.  Bitcoin has been devised to support the primary application: currency.  Ethereum will have many application and certainly does support the 'currency' application.  But nobody in the Ethereum project really cares about the currency application because there is so much important stuff to work on for now.  currency and merchant adoption are very low on the importance list.  They will come later.  For now, the whole team is building the engine room.  Silly apps are of much concern until later.  

But the big thing to pay attention to is this: 1) Ethereum is being worked very seriously, everyday, by thousands of smart people in many companies, i.e. even Microsoft.  Conversely, Bitcoin 'leaders' are fighting like little schoolgirls as Adam Back tries to push Bitcoin into a corner for monopolization of transactions on his Lightning Network.  Bitcoin has made zero technical progress in 3 years.   2) Ethereum functionality is HUGE when compared to Bitcoin functionality.  Even if Bitcoin decided to liberalize the scripting - it will be a silly joke compared to Ethereum.  Bitcoin hasn't liberalized scripting.  The opposite.  Bitcoin hasn't even changed the limit from 1MB to ?MB.  The smallest imaginable change.  This tiny technical change produced a three year fight with still no solution.  Technical advance cannot happen in the 'consensus' scheme.  For that reason, Ethereum has remarkable advance and Bitcoin is forever stuck precisely where it was 3 years ago.  

If you are not very good at thinking and you don't understand what I just wrote, then consider this: If you hodl your bitcoin, you will lose a shitload of value as ETH continues to rise like crazy for the next year or two.  Probably even longer.

if it ever happens, it'll happen within the next few days or weeks.

do i care? i do not. the longer ethereum has been around the more separate it's become from anything to do with bitcoin.

I know all of you big ALTCOIN lovers or as I like to call them, shitcoins, are going to come here and say well look at all this innovation ETH has. Look at the market cap, the trade volume, this and that and so on and so forth. But none of you are ever going to try to compare the REAL USAGE of the coins when it comes to people accepting it as a currency. Do you see many online shops accepting ETH? No, you don't and you're not going to see that.

That's the difference when it comes to these altcoins and Bitcoin. Bitcoin is being used as it should be, as a currency. Eth is pretty much just a coin that people are using to trade. ETH is simply the gold of bitcoin that's being manipulated by tons and tons of whales.

So, I'll predict a date - never.

I really doubt that it is going to happen, because ETH is just a very hyped bubble with no real use and only promises so far, and the only way I see the Flippening happening is because of Bitcoins forking. So, my prediction would be August 6, as a result of messy mining and trading fight between supporters and opponents of BIP 148. But chances of this actually happening are pretty low.

Utility is extremely subjective, because it's hard to measure how many merchants these things are used at.  While I agree that bitcoin is used at far more merchants than ETH, that's something that wouldn't change gradually, whereas money can change more gradually.  Speculation is mostly based on what people perceive to be something's future utility, rather than its current utility.

A less subjective way of looking at it would be Google search trends, because then you know how many people are interested or getting involved in each thing.  If we look at it by that measure, the Flippening is about 42% of the way there.